Your Guide to Business

There are many aspects to establishing and running a successful business.

Good planning based on real evidence and extensive knowledge of your consumers, customers, products and systems is essential. Understanding your finances, legal obligations and knowing where and when to get help is crucial.

How do I get started?

Setting up a business takes dedication and planning. Do you want to start from scratch or buy an existing business for your new venture?

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What are my legal obligations?

There are certain legal requirements you must know about and comply with, ranging from deciding the legal structure of your business to registering your name and obtaining necessary permits to operate from various government agencies.

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What about finance?

If you don’t know your way around a profit and loss statement and can’t forecast your cash flow, your business could be one of the many that fail. Don’t be a business casualty.

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Can I get a grant to help my business?

Agencies at state and federal levels of government invest in resourcing innovation, training and much more to help Australian businesses get, and keep, a competitive edge.

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What about employing and managing staff?

Where do you start if you’ve never employed staff before? The industrial landscape in Australia has changed dramatically in recent years.

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How do I make sure my staff and processes are safe?

An accident can have repercussions for people and business and you have legal responsibilities to ensure everyone in and around your business is kept safe.

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What if I want to sell my business?

Selling or exiting a business can be just as complex as starting one. You will need to work out what the business is worth, how you will exit, find your buyer and close the deal. The Australian Tax Office will want to know about it and you will need help to make the maximum gain with minimum financial or personal penalties.

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