As if understanding how to start a successful company or business in Australia was hard enough…
COVID-19 or Coronavirus has reminded Australia’s legion of small business owners and companies just how hard it can be. In this episode of The Australian Finance Podcast, I take you through what’s required to start a business in Australia, including:
- Understanding the difference between an ‘idea’ and a business
- Preparing yourself for what’s required — to maximise your odds of success
- Planning a small business
- Knowing the difference between a side hustle and business and hobby
- The basics of tax for companies, sole traders and individuals
- Marketing a business
- Employees – full-time, versus freelancer/contractor, ABNs and casuals
- Handling lawyers, accounting, business names, creating a website and more!
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Starting a (magnificent) business in Australia isn’t easy. Take it from me. There’s a LOT of work involved after the business is up and running. But before you even accept your first dollar of sales or revenue, you need to understand lots of complicated nonsense that seems so overwhelming. Tax, insurance, legal, marketing… blah, blah… blah.
In this episode of The Australian Finance Podcast Owen Rask, Founder of The Rask Group, tries to provide an overview of everything you need to know about starting a business in Australia, and shares some great show notes on exactly what you need to think about to get started.
Get the full show notes & resources
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