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Starting a New Business

Small to medium Tourism and Hospitality operators face particular challenges in South Australia. For example, in Adelaide the number of restaurants has reached unprecedented levels. Before you decide to start a new business there are a few statistics you might like to consider:

  1. The average hourly income of a restaurant owner in South Australia is $16.86
  2. net profit on average runs at 1.5%;
  3. in 1968 there were 53 restaurants in Adelaide;
  4. in 2003 there were 4.5 million seats available per day, (lunch and dinner);
  5. the number of seats has since increased.

Still want to go ahead? Please review the checklists which follow to see if you are ready to take on the challenge.


Business Planning

"Fail to plan and plan to fail"

Start up small businesses experience a high failure rate. This is explained by poor planning and lack of information about intended markets. Use this checklist to gauge your readiness for starting a new business.

pdfGet your Business Planning Checklist HERE.

Financial Planning

Your first responsibility in starting a business is to protect your investment. Are you sure you have the working capital to sustain you in the start-up phase? Will the location you have chosen provide you with sufficient customers to achieve your financial goals? Use this checklist to test your financial readiness.

pdfGet your Financial Planning Checklist HERE.

Risk Management

As a business owner you take on a duty of care, (e.g. to your employees for their OH&S, to your customers in relation to responsible service of alcohol, food safety and hygiene). You need to ensure that you are aware of all your legal obligations before you open to business.

pdfGet your Risk Management Checklist HERE.

Human Resource Basics

Getting and keeping the right people is crucial to the success of any frontline service environment. In the first instance, this means putting basic systems in place to ensure you attract and retain appropriately qualified personnel.

pdfGet your Human Resource Checklist HERE.



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Updated 28/11/2005 by balicmedia.com.au & Pathways Training & Placements Pty Ltd.