Have you recently launched a new business or started thinking about it? Running a business can be a hugely rewarding and fulfilling experience, but it comes with quite the learning curve and plenty of risk. Navigating many of the foundational questions around how to start and run a business effectively is challenging, and best done with the assistance of helpful mentors and/or professional advisors.
Being equipped with the right knowledge and professional support can help ensure you make the most of your new business.
To assist those in the early stages of setting up business, we’ve put together a detailed guide on what to expect. We’re aiming to help aspiring small business owners grapple with the many structuring, tax, accounting and compliance issues that come with launching and operating a new venture in Australia.
In this guide, we aim to expose you to key concepts so you can research them further, while providing our own helpful tips and anecdotes along the way.
Some of the vital aspects to be aware of when launching and operating a new business include:
The guide also includes a detailed interview with Simon Ashley, the CFO of Bituminous Products, and the valuable lessons he has learnt through his experience in a diverse range of industries.
We hope you find it useful and wish you well on your new business journey!
We’re also working on a Part 2 covering risk management and succession planning, among other topics. Please let us know if you think there’s a topic we should cover and we’ll be sure to include it.
For now, if you would like to receive the Small Business Playbook 2021 (Part 1), please express your interest by email: allworths@allworths.com.au