To start a business in Australia, you need two things: a phone and a web page. They are the bare minimum. Whilst that will get you started, several other considerations can impact the business setup process…
Other considerations can include:
- Should you have a plan?
- What business structure will best suit your circumstances?
- What Australian Taxation Office (ATO) registrations are necessary?
- Are there any other regulations that apply to your business or industry?
- Should you use your own money, or should you use finance?
- What insurance should you have?
- Should you have a supplier account?
- Are employee agreements necessary?
- Are you required to pay superannuation for yourself or employees?
- What recordkeeping systems should you keep?
- What other “red tape” applies?
- How do IT and the internet affect your business?
- How can you market your products or services?
- Should you network with other businesses?
- What tax planning is appropriate?
- What support do you have?
- How do I recruit new team members?
- How can you learn from other’s mistakes?
Some of the considerations may not apply at the beginning. However, if you are serious about establishing and growing a business, they will come into play at some time.
Whilst starting a business in Australia can be simple, it can also be overwhelming. That’s why starting a business with Companies Direct is valuable. Our business startup process includes a minimum 30-minute consultation and a comprehensive eBook on the above questions.
Need help starting a business in Australia? Call Companies Direct now on 07 32083888 send a message via the link below: