If you're still at school though, you should make sure that your business doesn't interfere with your school work - it's best not to be involved in business full time.

If you intend to run your business full time and you're under fifteen, you must ask the Minister of Education in your state or territory for permission to do so.

Running a business requires many skills and a lot of experience and knowledge. To be a smart entrepreneur and a good manager, you should learn as much as you can before you embark on any business project.

There are many small business projects that young people can be involved in at school, after school and during school holidays. These give you the sort of experience you need to start up your own small business in the future and be successful doing so.