If you’ve never had experience in setting-up and running your very own business, you may end up getting stuck on the first fundamental steps.
Create a Business Plan
Having your entire business concept stored away in your mind for you to day dream about at every chance you get may seem fun, but is not realistic if you want that day dream to become a reality. You will need to sit down and write out exactly what it is that you do and how you are going to do it. Include essential information like summary, marketing & sales strategy, organisational structure and financial forecasts.
Another one not to forget is your vision and mission, so you always remember what it is that you are aiming to achieve. Make sure that even if you are having a bad day, you can always look back to your company mission and visualise the success you are always working towards.
Getting the Paperwork in Order
Although it may not seem important to getting you off the ground, having the proper setup is necessary before you start to work at all. You will need to think about how you want to be setup: sole trader, company, trust or partnership?
You will also need to consider and research if there are any necessary permits or licensing that need to be obtained to comply legally. If you don’t know the answer to these questions, it would be best to seek professional advice from a business adviser.
Connect with an Adviser
A business adviser could be an accountant or financial planner and they can help you out with the tricky questions you have regarding tax, law and what your obligations are. They should also be able to bring up a number of points to consider that you wouldn’t have thought about previously. iBusiness Group, located on the Gold Coast is well-versed in Business Consulting in combination with their accounting and taxation services.
Market Yourself
For some people this is their favourite part of running their business, and for others it’s the most dreaded. Before you can get suck into actually doing the work for your client, you need to find the client first. Whether you do your marketing online, in person, via networks or any other methods, keep in mind your overall goal and ensure that you’ve considered marketing costs in your financial forecast/budget.