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Starting Your Own Business

Starting your own business is a big decision & undertaking. You will need to research your market and educate yourself on all the legal requirements that you will need to adhere to. The following are just a few pointers on where to start your research & find the information that you may require.

This site will give you nearly all the information (plus lots you might not want to hear)

www.business.gov.au

You will need to educate yourself on the following requirements:

• Registering your business name (if you choose to have a different name to your own)

• Registering for an ABN to enable you to legally purchase wholesale

• Registering for GST. Please ask for advice from your accountant to fully understand the requirements of GST and tax returns etc

• Checking with your local council regarding running a business from your chosen location.

• Business Insurance - public liability insurance. (your homeowners policy will NOT cover you if you are running a business from home)

Once you have achieved all this however, you will be ready to fly high & run your own business to suit YOUR personal time constraints & those of your family. Running a business from home is hard work but can be extremely rewarding.

• Just imagine being able to be home with your children, husband, parents etc for whenever they need you.

• Being able to go to work in your jammies if you choose to do so.

•  Set your own working hours that suit YOU rather than an employer.

Last updated November 10, 2007

Send mail to webdiva@amqa.com.au with questions or comments about this web site.