How to Set Up a Small Business in Australia

You might be unhappy at your current job and are looking to set up a small venture with just yourself and maybe a couple of employees, or you have been out of work for a while, but you know you can freelance your services. The Australian government realises the importance of offering entrepreneurs a lot of support and they provide many free resources to help the small business owner.

Offering domestic services

If you are a plumber/electrician or general all-round handyman, you can get a new van at https://rentbuyit.com.au/ a finance company that specialises in small businesses and their financial needs. If you have a less-than-perfect credit score, these are the people to contact, as they have a few lenders on their books and can put together a package that suits you.

Online solutions

When you are ready to register your enterprise, start with a Google search to find out how the process works; the state government offer practical help and, in some cases, you can receive financial support. The first thing to do is write a business plan, then crunch the numbers to find out how much capital you need to get the venture off the ground.

Business startup loan

Unless you happen to have a few thousand dollars tucked away, you are going to need a business startup loan and with online lenders, this can be arranged and approved in a couple of days, they don’t want to see your business plan and the loan can be unsecured.

Marketing

If you engage the services of a leading digital marketing agency, they can develop a good digital marketing plan that covers SEO and social media. Don’t make the mistake of thinking you can get by without online marketing, word of mouth is good but not enough on its own. Professional marketing maximises your exposure and with a structured plan in place, the only way is up!

Bookkeeping & accounting

As a business owner, it is your responsibility to keep all records; a local bookkeeper can set up a system for you to follow; which you should update on a daily basis. When the time comes, ask a local accountant to file your tax returns.

If you have a good business idea, write a plan and seek a business startup loan from an online lender.

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