Starting a businessA step by step guide to starting your own business in Australia. Paulina Gallardo
April 30, 2008
How to start your
own business
To start with, a business management course will be
useful as it will give you the skills required to manage your business in an
effective way. If you are unemployed when you decide to start a business in
Australia, you may be eligible for the NEIS program (New Enterprise Incentive
Scheme) which is a government funded program that will teach you everything you
need to start your own business and at the end you acquire Certificate IV in
Business ( Small Business Management) and receive government support for 12
months if you are successful in the program.
You will
need a business plan:
How will you write your business plan and is
anyone going to help you? if you are eligible for the NEIS program you will
cover this area and they give you assistance in writing a business plan. If not,
there are business plan writers that you can pay for them to write it. But since
it's your business, it's better that you plan it youself. If you search on the
internet; how to write a business plan or business plan basics, you should be
able to find many articles.
When writing your
business plan you will cover some the of the following issues:
Who
is your target market? What industry corresponds to your business? What
are you offering; product/service? Marketing action plan Company and
management Production and Operational plan Experience and
skills Potential Customers Financial plan Business
registration Public liability insurance Legal issues (e.g; Partnership
agreement) ABN number registration Market research & Analysis
How relevant are your skills and qualifications to the business that
you are starting, check to see if you need to complete any courses or even short
courses to upgrade your skills and understanding in relation to your new
business.
Decide whether your business will have a physical address, online
or both. You need to find out if you need to take out any licences or permits by
contacting your local council.
Here are two main questions to get
you started:
1. If you are selling a product - who will be your
supplier? 2. If you are providing a service - what procedure will you use to
provide this service?
Money Matters
1. Where will you
acquire the necessary funds required to finance your business costs? 2. Are
you eligible for a loan and how much can you borrow? 3. If the banks don't
lend you the funds, who else can give you a loan? 4. Do you need a large
amount of cash? or is your business a low-cost starting business? 5. Do you
need money to buy a business or will you lease?
The main steps to
follow when starting a business:
1. Register a business
name. 2. Apply for an ABN number. 3. You need a logo, who will design your
logo? (it is important to have a professional business image to attract
customers). 4. If going online; the 3 main steps to take are: register a
domain name, find a web host and a web designer. 5. Prepare a business
plan. 6. Evaluate whether your business will be a sole Trader/proprietor,
partnership or company and complete any legal documents. 7. Acquire any
finance required to start the business. 8. Advertise your business and
prepare special offers to attract customers. 9. Will you need any employees?
Determine whether you will hire under commission, contract, or full time, casual
or part time. 10. Find an accountant and solicitor if required. 11. If
selling a product, find suppliers. 12. Arrange for design and or printing of
logo, business cards, letterheads, website and envelopes. 13. When you have
everything setup, find advertisers. If you have a low budget try internet
directories that are free to list your business. There are some newspapers that
may free classified advertising. 14. If you have a generous budget you can
try paid listings on online directories that range from around two dollars to
about 200 dollars a year. 15. Another way to advertise is the use of flyers,
calendars, marketing cards, business cards, website, search engines (if you have
a website) and fridge magnets which are low-cost to print depending on the
quantity. 16. Also, keep in mind that there are good designers that will
charge a considerable amount for high-quality design services.
Good luck,
we hope our information has been useful to you in starting your own business.
Below, a couple of websites with helpful information in starting
your own business, please copy and paste url on address
bar.
www.business.gov.au www.workplace.gov.au
By Paulina Gallardo | The Manager of Logoland Design
http://www.logoland.com.au
|