Start Your Own Business and Thrive
There are many things to consider when starting a business, but if you are organised and not shy about asking for help, things will fall into place. Starting a new business is exciting but there's a lot to think about and organise.
Before you even begin, consider how prepared you are to make difficult decisions, work long hours, face financial constraints, lose sleep and confront failure.
Talk to others
- If none of these scare you, and you feel you have the drive and ambition to make a success of your business idea, then get started by talking with others who have done what you wish to do.
- The best information often comes from people with experience, plus they can help you set up a business network and even act as a mentor.
- Be under no illusions, this is a complex process with many moving parts, but if you set up a logical checklist of processes and things to do, you will make your new life a lot easier.
- The Department of Industry, Innovation and Science offers a lot of help through its business.qov.au website, including a start your own business preliminary checklist.
Business plan
One essential ingredient in any new idea is to draw up a business plan, which you will need to secure any financing. It will also provide direction and help keep you on track.
Financing your idea and keeping track of where the money is going is crucial to your success, so bookkeeping will be a key skill to master. Finding a good accountant is also essential.
If I can be of assistance, please do not hesitate to contact me at +61 407 368 300 or email me at [email protected]