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Business Identity Seeds

Business Identity

Queensland Indigenous Business Network
Queensland Indigenous Business Network

Your business idea might be similar to an existing business. But much like a fingerprint, your business’s identity will be unique to you.

For example, car manufacturers all have the same idea: to build and sell cars. But what happens inside that business is what shapes their identity. Their ideas, values, concepts, operations and brand are all unique.

Whether your business idea is a brand-new idea or an idea you’re adapting from an experience, making it your own is important. Grounding it in your cultural strengths, lived experiences, and your community needs shapes its identity and gives it an advantage.

What If I Don't Have An Idea?

Knowing you want to start a business and knowing what kind of business you want to start are two very different things. If you know you want to start a business but haven’t really figured out the concept of what your business will do, that’s okay. We’ll help you discover business ideas and shape them into successful business approaches.

Developing a business idea begins with recognising opportunities around you, grounded in your cultural strengths, lived experiences, and community needs. Indigenous businesses often excel when they align innovation with country, culture, and service to the community. 

Use our Developing a Business Idea resource to help you.

What if I Have An Idea But I Am Not Sure If It’ll Work?

If you’ve got an idea but haven’t tested it out. This is the place to start.

Business.gov.au recommends testing the feasibility of your business before you create a business plan around the idea. Some ideas are great in theory, but you should have some key foundations for your idea to succeed.

Look here for tips about Testing Your Idea before you put your business into action.

Business Concept and Vision

If you’ve tested your idea and have confidence that it will work, it’s time to turn it into a concept or vision for your business. Business Concepts and Vision help you align your business with its cultural values, community responsibility, and long-term goals.

Having a concept and vision from the start will make it easier to guide your business as it grows and keep you focused on your goal. Your vision and concept will form part of your capability statement and your business plan later.

Use our Business Concept and Vision Template to help transform your business idea from an idea to a vision.

Once you’ve created a Business Idea, you can start working on choosing a Business Name or Structure that works with your idea in Business Foundations

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