So you want to start a business. Maybe you’re a tradie looking to branch out on your own, or maybe you’ve always wanted to start a little café. You’ve gone ahead and registered for an ABN, and you know that you have to prepare a quarterly business activity statement (BAS). However, there are a number of other important things to think about when starting your own business. Here are a few important questions to ask yourself.
There are a lot of things to consider when starting a new business, so make sure you check resources such as the ATO, the NSW Office of Fair Trading, and the Fair Work Commission. If you ask yourself the questions above though, you’ll be well on your way to getting yourself set up properly.