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If you are able to identify any weakness you can really emphasize your strengths in these areas. Moreover, Source Government publications, trade journals, market reports and association publications for the relevant data. See a specialist article in our blog section on www.startupyourbusiness.com.au 3/ Determine the Best Business Structure for You – Registrations and Selecting a Business Name Basically there are four major types of business structures in Australia. Sole Trader( Where a person is solely responsible for everything), a partnership ( an association of people or entities combining to run a business), a Company ( a legal entity separate from its shareholders) or a Trust ( an entity that holds property or income for the benefit of others ) If you want a particular company name you can easily check if it is available by searching on the ASIC website. You may require registered names for parts of your business. These can be registered through ASIC as well. Many people worry about choosing the perfect name. Don’t worry about this, don’t put the cart before the horse You can start the company in one name and trade in another if that’s what you would like to do. All Business Owners in Australia have to register before commencing any business activities. So you will need to obtain an Australian Business Number (ABN0, register for GST, obtain a tax file number and register for pay as you go withholding tax, You should always seek professional advice on determining which structure is best for you This is available in all of our packages. You will receive a 1-hour session with an accountant and a commercial lawyer. 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Among these are small business loans, crowdfunding, and, trade equity, Initially you can approach your existing bank for funding. They may require mortgage Security to advance funds. In addition to the established banks, you may like to approach one or more of the new internet banks such as ING, Volt, Xinja or ME Bank and Other sources of monies lend.com.au and Ebroker.com.au At no cost to you, we have a very experienced Business Finance Broker who can provide you with professional assistance to source your funding. This facility is available as part of all of our packages. Government Grants for small businesses are generally provided by State or Federal Governments while starting your business. Some of the grants available are Innovation Grants, Tourism Grants, Small Business Entrepreneur Grants, Export and Digital Grants., These are funding sources you should definitely target. Government Grants: https://www.grants.com.au/ 8/ Marketing : Marketing is a fundamental part of all businesses and every business needs to understand the true worth of marketing. The bottom line of any business is to make money and marketing is the essential channel to do this. It can increase sales, grow businesses and engage customers..6 Key Reasons why marketing is important. It informs your prospect what your product is and how it can benefit them It allows smaller businesses to compete with larger operators Marketing sustains a company by developing relationships with there customers Customer engagement is essential to any business. You need to develop relationships for ongoing business Marketing helps sell products and services It helps to grow and starting your business FACTORS: WHEN STARTING YOUR BUSINESS! Having a website is akin to having a phone number in the pre –www age If you don’t have a website you are not in business. It is vital to the success of a business. 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We not only create your business but we can be there to support you through the first stages depending on your requirements Terms & Conditions Privacy Policy Refund Policy Sitemap Contact Info P.O. Box 5043, Kenmore East, Brisbane, Queensland 4069 1300 828494 service@startupyourbusiness.com.au Send Feedback Name Email Message Copyright © 2019 StartUp Your Business. All rights reserved. HOME PACKAGES ABOUT US BLOG FREE DOWNLOADS CONTACT US [ Link Details ]

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