Study the Budget

This article first appeared May 10, 2011.

The Federal Budget is very much a once-a-year event. A bunch of journalists spend a few hours locked in a room and emerge to distil thousands of pages of numbers into a few good stories.

It lasts on the front page for a day, and then it’s largely forgotten.

Not for you, my friend. As an avid StartupSmart reader you will of course be much better informed about the budget this year than you’ve ever been, but as a curious and determined entrepreneur, you are going to take your interest in the budget a step further and actually go and read the budget papers yourself.

Go and get an idea of how the Government’s finances look over the next four years. See where the main areas of spending are. Take a specific look at new programs being rolled out by the Australian Securities and Investment Commission or the Australian Taxation Office.

Then drill down into your sector. Are there new programs that could impact you? Or have programs been cut?

You will learn plenty about the economy, the way the Government works and the way cash flows in and out of the public sector.

Get it done – today!