Starting A Business In Uncertain Times

15.04.25 06:13 AM - Comment(s) - By V

Why You Can Still Launch Now and Win

If you're in Australia or New Zealand and have been thinking about starting a business, you're probably wondering, “Is this really the right time?”

 

With high interest rates and cost of living, economic uncertainty and Trump's outlandish tariffs making headlines, it’s completely natural to hesitate. But here's an encouraging fact: some of the strongest businesses have been born during hard times (and even during recessions—like Airbnb, Uber, WhatsApp).

Why? Because challenge sparks creativity, and scarcity forces focus.

 

So whether you’re located in Sydney, Perth, or Christchurch, this could be your moment and launching could be a smart move—not despite the challenges, but because of them.

1. Fear is Normal—But It’s Also Beatable

Uncertainty fuels fear. Starting a business feels risky even in good times. In today’s climate, that fear gets louder. But let’s get real: fear is a signal—not a stop sign. The economy may feel shaky, but people still need to live their lives, and innovation thrives when things get uncomfortable.

 

Australian entrepreneurs who've built something from scratch, whether it's a food truck in Fremantle or a global consulting business from Brisbane, will tell you: waiting doesn't make anything happen. Action does.


2. Limited Resources Build Smarter Businesses

Many successful entrepreneurs reflect on a bootstrapping stage as being part of their journey, and it isn’t a bad thing—it’s an advantage. Because when you’re forced to be scrappy, you get creative. You find better ways to serve customers, cut waste, and focus on what really drives revenue. Just look at local legend Canva, which launched from Sydney with a simple goal that solved a problem: to make graphic design easy and accessible.

Tough times force clarity—and that’s powerful.


3. Less Competition, More Opportunity

While others wait on the sidelines, you have the chance to get in the game. Economic uncertainty often causes would-be entrepreneurs to pause, creating space for you to step up.
Less noise means:
  • More room to carve out your niche
  • Easier access to local media and influencer support
  • A real shot at building brand loyalty early

Even better? Aussies love to support Aussie-made and locally-owned businesses. Lean into that... especially in a world where the threat of US tariffs could destroy many product-based businesses.


4. Government Support is on Your Side

Australia offers a strong safety net for small businesses, especially in tough times. Whether it’s state-specific grants, federal programs like the Small Business Support Program, or access to free mentoring via Business.gov.au, the support is out there. New Zealand also offers programs to assist businesses, check out Business.govt.nz

You can also check with your local council—you might be surprised by what’s available.


5. Customers Are Rethinking Value

The average Australian and Kiwi consumer is more mindful of spending in 2025, but that doesn’t mean they’ve stopped buying. They're just looking for value, trust, and impact. If your product or service solves a real problem—whether it's affordability, convenience, or peace of mind—you’re not just relevant, you're needed.

And thanks to the digital shift, your reach isn’t limited to your postcode. Even businesses that operate from a physical location can often build their value with an online product or service offering.


How to Start Smart in Today’s Climate

If you're serious about building a business, here’s your game plan:
  • Validate your idea: Talk to real people (mates, locals, potential customers). Ask questions. Listen.
  • Start lean: Use tools like Square, Shopify, or Xero to keep costs down.
  • Go local: Partner with other local businesses, attend events, join business chambers.
  • Stay adaptable: The best entrepreneurs pivot when needed—just ask any Personal Trainer who went digital in 2020.
  • Tap into community: The Australian and New Zealand entrepreneurial ecosystems are surprisingly tight-knit. There are countless groups to join, and networking with your fellow attendees at business events like those held by Success Resources can be valuable opportunities to make supportive connections.


Final Thought: You’re Not Too Early or Too Late—You’re Right on Time

Times are tough, yes. But tough times don’t stop great businesses—they shape them. If you’ve got a business idea that lights you up, don’t let the headlines hold you back.

Australia and New Zealand needs bold thinkers and brave doers—maybe that’s you.

Want to learn more about starting a successful business in any economic climate?

Sign up for SRA news to stay in the loop with our free webinars, upcoming seminars and conference events.

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