Western Sydney Business Enterprise Centre chief executive David Baumgarten talks to Business about the likely rise in the number of home-based businesses:
The rise of home-based businesses and telecommuting will have the greatest impact in western Sydney, particularly with the rollout of the National Broadband Network.
By mid-2015 NBN Co expects to have completed or begun connection to more than 200,000 homes and businesses.
This is great news for the region, particularly those who will be able to telecommute, run an online business or set up a home-based business that depends on reliable access to the internet. Advances in technology will mean more flexibility in working hours, less time commuting and more time with family.
The Australian Communications and Media Authority says almost half the working population - about 5.6 million Australians - already use the internet to work from home, and this figure is likely to rise once workers can have access to high speed broadband.
The increase in infrastructure and opportunities to interact with others is being supported by local councils, libraries and shared work spaces in western Sydney.
The Business Enterprise Centre is using the library facilities to house business advisers.
Courses particularly developed for home-based businesses are being offered through councils and business centres, giving business owners the chance to meet and discuss common challenges, network and to do business.
The New Enterprise Incentive Scheme, run by the Greater Western Business Enterprise Centre, is seeing more and more jobseekers turn their dream of running their own business, into a reality, thanks in large part to technology.
To find out about business events and workshops visit BEC.