#09 Launching a New Business: 5 tips to Get You Started
Happy new year! It’s often a very exciting time of the year for people deciding to launch a brand new business. Off the back of a refreshing break with time to focus on what’s ahead, business owners can be tempted to dive in headfirst with excitement. Enthusiasm is great, however, there are some important planning steps that also need to be taken to ensure the business continues to thrive.
In this episode, I share 5 key things for business owners to get sorted now during the exciting time to avoid any unnecessary pitfalls in the future. I discuss the importance of sorting out your business structure, deciding on your business name and of course, getting your legals tailored to suit your business without the use of templates. I also share why you’ll never regret getting your accountant on board and how organising the boring things such as licences and insurances need to be done straight away.
For more information on business legals and why they are so vital for your business, check out Episode 4 of my podcast where I discuss these in more detail.
Topics discussed and where to find them
[1:30]: How many people jump into a new business at this time of year but it’s important to do the right planning
5 key things to think about:
[2:22]: 1. Business structure. This is important to have sorted when you start applying for things such as business name, GST registrations etc
[3:16]: 2. Register your business name. Take the time to search the trademark register before you decide on a name.
[4:26]: 3. Get your accountant on board to sort out tax file numbers, PAYG, GST etc.
[5:55]: 4. Get your legals tailored to your business and do it now
[7:05]: 5. Be clear on the licences and insurances you need and organise them straight away.