5 Steps To Starting A Business In Australia

In this video Dannie McKinnon from The Field Group Accounting will be talking about the 5 steps to take when starting a business in Australia. The scope of these steps will vary depending on how serious you are about your business - but generally speaking the most successful businesses must start with a solid foundation in order to thrive.

STEP 1 - DO YOUR RESEARCH
STEP 2 - BUSINESS PLAN
STEP 3 - BUSINESS STRUCTURE

To learn about the other business structures available in Australia watch our other videos below:

STEP 4 - BUSINESS REGISTRATIONS
STEP 5 - BUILD A TEAM

This video/document contains general advice only and is prepared without taking into account your particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should speak to a licensed financial advisor who should assess its relevance to your individual circumstances. While The Field Group believes the information is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the corporations Act 2001.

[investingyoda]

Thanks for the insights, appreciate it..

[Ful-OGold]

Well that’s a lot to take in just to be able to mow someone’s lawns

[weisyuanchien]

Hello! If I am a sole trader with my personal TFN and ABN, should I apply any other tax registration for my business? Thank you

[shuaaghsreeb]

Does anyone know which business activity ? For drop shipping !! And the category as well ? Australia ABN

[ThisOldNeon]

i cannot get the business plan template from the link.

[jfl]

Do you get ABN before business name and registration?

[cdocking]

No successful business ever started with a ‘business plan’ - it start with action. Then constant adaptations along the way. This is just typical generic accounting speak.

[lachyj]

Great video with great tips. Just need a little more confidence in what you say! You deserve to be confident brother

[EMAetcInternational]

The Business Plan Link is a broken link. Can you please send me the document by email ?

[michaelcampbell]

Great value. Thanks for sharing! I also strongly recommend SavvySM-s small-business content and articles. I admire it a lot