TOP TIPS FOR DOING BUSINESS IN AUSTRALIA
Do you know where to find the world’s biggest cattle ranch? How about the biggest canal system in the world? The world’s biggest living organism?
Australia is home to all these record-breaking giants — and could also be the place to find your next BIG business opportunity!
Australia’s economy is booming!
Thanks to consistent growth coupled with low inflation, Australia has one of the strongest, most competitive, open and flexible economies in the world. Australians enjoy a healthy lifestyle, long life expectancy, and one of the best education and social systems in the world. A low unemployment rate, paired with a highly educated, highly skilled population translates into higher amounts of disposable income (Australia has the world’s 12th-largest economy and ranks 6th in per capita income rates). Perfect opportunities await!
New Zealand? Why not?
Although New Zealand is not technically part of Australia, its proximity and cultural similarities make it an ideal market as well. New Zealand ranked first in both ease of doing business and starting a business by The World Bank and has one of the world’s most globalized economies. Coupled with a heavy reliance on the tourism industry, this means that “Kiwis” are no strangers to doing business overseas.
Diverse, multicultural populations
Boasting more than 200 languages and dialects, over four million Australians speak a language other than English. Although there is a strong native Maori population, in New Zealand 22 percent of the population is born overseas. This unique blend of cultures and backgrounds means it’s even easier for you to find common ground among new customers and team members — and you might learn something new with every connection you make!
Tips for doing business in Australia and New Zealand
People are generally very straightforward when it comes to communication and are usually receptive to new ideas.
Both Australians and New Zealanders appreciate restraint in business dealings, so try not to oversell or use aggressive sales techniques — be factual, friendly and to-the-point.
Although neither country has an official language, English is the standard dialect.
Get your international business going!
Get creative! Think about all of the big opportunities that await you and the friends you’ll find in Australia and New Zealand.