How to create your own Start Up Business [2020 Guide]

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How to create your own Start Up Business [2020 Guide]

Have you been thinking about pursuing your own start up business, but finding it hard to think of some ideas?

You’re not the only one. In fact, 1 in 6 Australians want to create a start up business!

Perhaps you’re looking to supplement your income with a side hustle? Or, maybe you’re no longer interested in the traditional 9-to-5 and you’re ready to be your own boss? Whatever the reason may be, with the use of social media, creating your own business has never been easier!

Determine your ‘why’

To help you determine what your goals are by creating a start up business, you need to ask yourself, why do you want to?

Most of the time Australians create a start up business, is so they can work from home.

But what are the benefits of having your own start up business from home, compared to working in an office?

Working from home

  • Choose your own hours

  • Save money

  • The only commute is from your bed to your laptop

  • Work from anywhere with an internet connection

  • Set up your workspace that best suits you

Working in an office

  • Structured work hours

  • Increased costs (transport, food, coffee)

  • Commuting in peak hour traffic

  • Negotiating work terms and conditions

  • Stressful work environment


1. Brainstorm Ideas

  • What do I love doing?
  • How can I make this into a product or service?
  • Is there a need for it?
  • Is this product or service practical?

2. Learn about the industry

  • Look into market trends
  • Find your target market
  • Research the industry and market saturation
  • Analyse your competitors (high vs. low, small vs. big brands)
  • Do a SWOT analysis

3. Research real employment opportunities

  • Look at what skills or training need to find employment.

Choose your industry

After researching the different opportunities to both work from home and create your start up business, you need to find the industry most suited to you.

The traits of this industry may include:

  • Is family-friendly

  • Allows you to work from anywhere
  • Offers flexible work hours.

From your research, you may find is that there aren’t many industries out there that cater to these needs, and rarely you will find one that is more flexible as a Medical Transcriptionist.

  • Choose your own work hours

  • Work from anywhere with an internet connection

  • Reduce your childcare fees

  • Save time with no commute

  • Set up your workspace in a way that best suits you.

Prepare for employment

When looking into how you can create a start up business working from home and choosing your own hours, it’s important to research what skillset or training you need to enter your chosen industry.

You may need to up-skill and obtain a qualification, so you have the knowledge in order to carry out the work.

If you’re looking to work from home and choose your own hours as a Medical Transcriptionist, most employers will require you to have a nationally recognised qualification.

TalentMed’s nationally recognised Diploma of Healthcare Documentation is designed to help provide you with the essential skills and knowledge needed to get a job and excel in this increasingly popular field.

Most noteworthy, this is currently the first and only nationally recognised course in Australia that provides both medical transcription and editing training. Also, qualified trainers are available from the moment you start the course, all the way through until you complete your course.

Diploma of Healthcare Documentation

There are many career choices for our graduates and TalentMed helps you the entire way in this process. Once you complete the course, your Graduate Support Team will provide you with extensive job placement assistance.

Through our network of associated public and private hospitals, medical clinics, transcription agencies and Medical Transcription Service Organisations (MTSOs) we are able to assist you in finding a suitable position upon graduation. As a result, we have been able to place 97.1% of our graduates into working positions!

Job Placement Assistance Success Rate

There is a very high demand for qualified Medical Transcriptionists, and we consistently receive large requests for TalentMed graduates from employers nationwide. For example, these include:

Getting started

In fact, the Kauffman Foundation estimated that the average startup cost was $43,384. Therefore, you can get started on your new work-at-home career with TalentMed for about one tenth of the cost of traditional business!

Here at TalentMed, we assist you every step of the way to pursue your dream of working from home. However, not only you would be able to have more time to enjoy doing the things you love, but above all, you can work while staying home to be with your family.

For more information on becoming a Medical Transcriptionist, check out our Ultimate Guidetraining to become a Medical Transcriptionist or you can register for a free consultation with one of our Career Advisers below!

Here’s what real students have to say about TalentMed!

Nationally Recognised Training

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About the Author:

Sarah-Louise Slade
Sarah-Louise is a Career Adviser with over 5 years experience in Vocational Education and Training. Having completed a Bachelor of Business majoring in Human Resource Management, Sarah-Louise understands the importance of having a quality education. Feel free to comment and ask questions below.

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