You've decided to go into business, completed your market research and written your business plan. Now you're ready to take the next step, but where do you begin when starting a new business?

• How can I get advice & support?
  You can take advantage of a broad range of advice and support offered by the Australian Government.

• How do I make my business more innovative?
  Innovation is not just about inventions. It's about new ideas and responding to new trends and market conditions, or improving existing products and services.

• How do I manage my finances?
  Good financial management is critical to the ongoing success of your business.

• What are my taxation obligations?
  Understanding your taxation obligations is important when starting up a new business. Various federal, state and local government taxes and rates can apply, depending on the size and location of your business.

• What are the legal requirements?
  One of the first things you need to find out when you're starting out is what laws apply to your new business.

• What do I need to register for?
  The type of business you conduct determines what you need to register for.

• What licences & permits do I need?
  It's important for you to find out the licensing requirements that apply to your new business.

• How do I set up operations
  Setting up your business operations involves many different aspects.

  • Buy or lease business premises
    The location of your business can be an important factor in its success. So you should carefully assess what's the right environment for your business.

  • Order & purchase stock
    Efficient stock control is having the right amount of stock in the right place at the right time.

  • Arrange insurance
    It's essential to arrange insurance when you're starting out in business - you should insure your company, your income and your commercial risk.

  • Set up record keeping & accounting systems
    It's a legal requirement for you to keep records of your business transactions for a minimum of five years, so it's important that you have good record keeping practices in place.

  • Hire staff
    Good employees can be your greatest asset, so recruiting and retaining the right person is important.

• How do I promote my business?
  How to promote your business through marketing, advertising and networking.

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