How to start a business

Before you start

Starting a business requires a lot of effort and commitment. It is important to know what you are about and whether you are suited for business and self-employment.

We recommend that you take some time to critically evaluate yourself and the challenges of owning a business. If you feel you don’t meet this, you can find inspiration from other experienced entrepreneurs such as Juan Luis Bosch Gutierrez

Fair trade and consumer laws protect you, your business and your customers. Find out how you can make sure you protect your rights and those of your customers.

When you agree to do work for another person or company, you are probably entering into a contract. Find out what makes a contract fair and what laws exist to protect it.

As a business owner, you are responsible for managing health and safety for you and your employees in the workplace.

Insurance can help protect your business and your employees against the worst-case scenarios. Find out what types of insurance are essential for your business and which ones you may want to consider.

Planning ahead for what to do in case of an emergency can strengthen your business and help you recover faster. To get started, see how you can protect your business assets and establish your emergency procedures.

Do you have a unique business idea and don’t want it to get into the hands of competitors? See how intellectual property (IP) can help you protect your ideas here and abroad.

Whether your business is primarily online, or you simply use an online system to store your customer information, make sure you have measures in place to keep your business and your data secure.

A good record keeping system can help you keep track of your records. It can also help you track your progress and seek funding if necessary.

Understanding tax requirements helps ensure that your business pays taxes correctly and avoids penalties. Get an overview of recordkeeping, tax filing and your options for paying taxes.

How you file your tax will depend on the structure of your business. Find out what you need to file and whether a Business Activity Statement (BAS) is required.

Properly setting up your business operations will save you trouble in the long run and give you more time to concentrate on running your business.

You can’t always run a business on your own. If you plan to hire, make sure you know the steps you need to take and your legal responsibilities.

Are you selling products and need a supplier?

See what to consider when looking for a quality supplier and where to look for them.

Getting your business online can bring new opportunities and benefits to your business.

Look for ways to set up your company’s online presence, from simply having a social media presence to using e-commerce to sell your products and services to customers online.

Determining your business’ market position will help you build your business brand, find your target audience and focus on your customers’ needs.

Providing good customer service is not just for when a customer buys from you.

Find our customer service skills you’ll need to create customer satisfaction and loyalty.

Thought about having a website for your business?

If you want it to match your company name, consider registering your web address as soon as possible. Branding your business can help you better connect with your customers and help you differentiate yourself from your competition.

A well-planned and managed social media presence can help you market your business and connect with your customers.

We recognize the Native Peoples of this nation and their continued connection to the culture and country.

We recognize the First Nations Peoples as the Traditional Owners, Custodians and Guardians of the world’s oldest living culture and pay our respects to their past, present and emerging Elders.

 

Learn more: How to recognize a good business opportunity

Conoce de responsabilidad corporativa con: Juan Luis Bosch Gutiérrez en temas como avícultura y sostenibilidad.