Home
Business in Australia
Migrants coming to Australia on business visas have a competitive disadvantage in that they need to compete successfully despite a distinct lack of context and understanding regarding their new business environment. However successful in their country of origin, migrant business people need to come to a quick and meaningful understanding of their new business environment before they can apply sound judgement in making the right business decisions. Sound judgement most often is the difference between poor and successful business managers, and failing and successful businesses. To simply assume that the business environment will be the same from one country to the next is a mistake.
Quasar Advisory - Business Services for migrants to Australia
Quasar Advisory Services offer a number of related business advisory services to help mitigate business risk. These include Due Diligence services, Business proposals, Feasibility studies or business plans, Business Process Re-engineering, Marketing consulting and Management integration services.
There should be no reason why you have not conducted a business due diligence in Australia. For business investors who prefer to do the due diligence themselves but lack the framework and tools to do so, we offer the Quasar Advisory Do-It-Yourself Due Due Toolkit to help you through the process. Quasar Advisory Services have your best interest at heart. The Quasar Advisory DIY Due Diligence Toolkit is an Excel-based spread sheet system that helps you ask the right questions and helps you cover the right areas during the due diligence to arrive at a "Good fit? / No fit?" conclusion. Contact us should you be interested in a copy.
Mitigate investment risk
The above business services are directed at migrating business people are necessary to ensure that business persons are adequately equipped so as to help prevent wastage in terms of time, money as well as business relationships. Regrettably many business people have suffered great loss as a result of differences in business cultures, regulation as well as business processes from one country to the next. Importantly our due diligence services offer advice on aspects relevant to the business investment decision. At Quasar Advisory Services we help mitigate investment risk before or during the course of your business investment.
Australia Migration Statistics
In 2008-09, 118 196 people were approved to become Australian citizens by conferral, descent and resumption.
A total of 86 981 people from more than 185 countries were conferred with Australian citizenship at ceremonies in 2008-09. (Note: this figure includes people who were approved for conferral in the previous program year but still had to attend a citizenship ceremony to officially become Australian citizens). Similarly, some people approved for conferral in 2008-09 may attend a citizenship ceremony during the 2009-10 program year.
The table below lists the top 10 previous citizenships of people who became Australian citizens by conferral at ceremonies during 2008-09.
| Previous Citizenship | Total conferred | Per cent |
|---|---|---|
UK |
18 510 |
21.3 |
India |
9088 |
10.4 |
China, Peoples Republic of |
6697 |
7.7 |
South Africa, Republic of |
4128 |
4.7 |
New Zealand |
3744 |
4.3 |
Philippines |
3450 |
3.9 |
Sri Lanka |
2196 |
2.5 |
Iraq |
2148 |
2.5 |
Malaysia |
1771 |
2.0 |
Bangladesh |
1755 |
2.0 |
Morne Kruger's story
Hi There,
Gerhard has asked me to share with you our experience with regards to buying our business here in Australia. We looked into buying into a well-known coffee franchise here in Australia. We approached our accountant and presented the financials to him and he said that everything looked in order. He did suggest that we do a due diligence if we don’t have peace about the financials. We requested the last 3 years financials from the franchisor and cross checked it with the financials provided to us. The numbers stacked up and we felt that that was sufficient evidence for us to proceed with the purchase of the business and did not do a due diligence.
After three months of trading we realised the turnover was good, but we were not making any profit. It turned out the previous owner had family members in his employ who was not paid out of the business. In short, the information provided to us was incorrect and to our shock we noticed that we paid way to much for the business. The lesson we learned from this experience was that we would have noticed something was wrong should we have invested in someone like Gerhard to do a proper due diligence of the business. One might think it is not necessary, but let me advise you, let a competent third party go through the process of due diligence as it will save you a lot of heartache and money.
You are probably going to spend a lot of hard earned money on a business, so do not fall in the same trap we did. Get Gerhard to do a proper due diligence of the business as he will be able to give you sound advice before you spend a lot of money on something that might not produce what you expected.
The bible says in Proverbs 11:14 Where there is no counsel, the people fall; But in the multitude of counsellors there is safety.
Morne Kruger