{"id":14706,"date":"2021-03-16T20:45:47","date_gmt":"2021-03-16T20:45:47","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=14706"},"modified":"2021-03-16T20:50:39","modified_gmt":"2021-03-16T20:50:39","slug":"the-ultimate-new-business-tool-kit","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/the-ultimate-new-business-tool-kit\/","title":{"rendered":"The Ultimate New Business Tool Kit"},"content":{"rendered":"
<\/p>\n
There\u2019s no denying that this year feels slightly cursed.\u00a0<\/span><\/p>\n For people trying to start a new business, this climate feels worse than usual. Where usually all you\u2019d need to get through was a great idea, drive, a killer PR strategy and some luck – now it feels like you need all the luck in the world!\u00a0<\/span><\/p>\n So, if you\u2019re looking to start a business take the first step by reading up these six smart tips you\u2019ll need to take in before you make the leap and become a bonafide entrepreneur!<\/span><\/p>\n Many of us have had \u2018that\u2019 thought from time to time the \u2018is this a killer idea for a business\u2019 idea. You\u2019ve likely been mulling it over in your head and it\u2019s gotten to the point where you just know you have to make the leap and see it through. Whether you plan to provide a service, produce your own goods, open a restaurant or cafe even – if you\u2019re confident in your idea you owe it to yourself to pursue it!<\/span><\/p>\n Yes, you need to have \u2018that\u2019 idea but that idea needs to correspond to a need in the market. There\u2019s no point opening a coffee joint next door to a Starbucks even if you\u2019re confident that your coffee is far better so, no matter how good your idea is, you have to be sure you can do it in your own unique way. It\u2019s great to aim high, aim for something amazing, achievable and most importantly: needed! It\u2019s important to find a niche and stick to it. Be incredibly clear and specific about what you\u2019re going to do and why your approach will be different and allow you to compete in the crowded market of new businesses.<\/span><\/p>\n Applying for an ABN is a simple and necessary step you must take if you want to start a business. Head to this <\/span>website<\/span><\/a> to apply for your ABN (it\u2019s a simple process and they\u2019ll talk you through the steps). There are some scams out make sure you are only giving your information to the official government website and remember, ABN application is a completely free process so you shouldn\u2019t be providing your credit card details on this form. You\u2019ll also need to register for GST to get your business up and running, click <\/span>here<\/span><\/a> to go to the Australian Taxation Office.<\/span><\/p>\n It\u2019s important to start small, spending is unavoidable in the first few months of a new business but how you spend it and what you spend it on is a crucial way of determining the outcome of your business. Cover the foundations first before you spend on anything fancy. There are a bunch of resources online, such as <\/span>this informative article<\/span><\/a>, which are packed with great advice from other business owners looking to help you make your money stretch further. In 2020, this could mean taking advantage of the gig economy, negotiating and getting discounts wherever you can. One way of making sure you\u2019re saving wherever you can is by making sure you\u2019re getting the best deal on your corporate credit card. Do your research and <\/span>compare cards to save<\/span><\/a>.\u00a0<\/span><\/p>\n Starting a new business is always going to be hard even under the best circumstances (and 2020 are certainly not the best of circumstances) so you owe it to yourself to get all the help you can possibly get! So get yourself a mentor and them for advice – often! We tend to romanticise it but, in reality, there is no glory to be gained from going it alone, in fact, without a support system, many new businesses fail. So, accept all the advice that comes your way (and there will be loads of it!), from friends, family, other business owners – even your rivals!<\/span><\/p>\n Starting a new business is undeniably challenging whether you\u2019re a first-time business owner or a seasoned investor. Everyone is fallible and when you\u2019re taking such a major leap there\u2019s sure to be setbacks along the way so, when you come face to face with these challenges, don\u2019t be too hard on yourself pick yourself up and try again.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" There\u2019s no denying that this year feels slightly cursed.\u00a0 For people trying to start a new business, this climate feels worse than usual. Where usually all you\u2019d need to get through was a great idea, drive, a killer PR strategy and some luck – now it feels like you need all the luck in the […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585],"tags":[],"acf":[],"yoast_head":"\nHave \u2018that\u2019 idea<\/b><\/h2>\n
See a need in the market<\/b><\/h2>\n
Take Care Of All The Boring Paperwork (we\u2019re talking ABN and GST)\u00a0\u00a0<\/b><\/h2>\n
Save wherever you can.\u00a0<\/b><\/h2>\n
Don\u2019t go it alone.<\/b><\/h2>\n
Try, try and try again!<\/b><\/h2>\n