Call Us Today

1300 72 10 73

Here are a few things to think about when starting your Australian business

The first thing that you should do before starting your Australian business is research the market that you are entering. Get a feel for who is also working in that market, how big the potential market is, how well the other businesses within that market are promoting themselves and how loyal the existing customers are. The more market intelligence you can gain before entering that market, the easier it will be.

Once you have settled on the market that you are getting into you need to work out the business structure you are going to adopt. Are you going to trade as a sole trader? Is it a partnership or are you going to incorporate. If you choose sole trader or partnership then you will need to register a business name if you intend to trade as anything other than your name. Also, if you start off as a sole trader or partnership then it is possible to move that structure to a Pty Ltd company at a later date however you will need to check with your accountant to ensure that there is no CGT applicable.

Get good advice. $500 for a lawyer or accountant may seem like a lot of money when you are starting out however it may save you a huge amount of heartache in the future. Get yourself some decent advice and start off as you intend to go forward.

Commission a decent website. In these internet enabled times it is vitally important to have a decent responsive website. You should also make sure that the on-page SEO has been set up correctly and be prepared to maintain that website regularly.

Automate as much as possible from the outset. If you can set things up so that your accounting system is automatically updated from your bank statements then it will save you a huge amount of time. Similarly, if you only have to enter your stock details once and they then flow through to all of your stock related systems then it will save you a ton of time.

Don't do it all yourself

Start out as you mean to go on. Look at keeping all of the core tasks close to your chest while being willing to outsource all of those non core tasks. By doing this you will end up with a lot more time to focus on the strategic tasks that will drive your business forward.

Get a good telephone answering service

A decent telephone answering service can make a significant difference to your start up. With a service like Ruby Receptionists your service will grow with you. If you only need a start up style of service with only a few calls per day then you will only pay a start up style of fee.