Starting a Business Checklist contents

Below is a summary of the information contained in the Checklist. It provides links to our business topics to help you understand each step in more detail.

Before you start a business

• Do you know where to find advice and support?
• Do you know when a hobby becomes a business?
• Do you know what events, networks and seminars are happening near you?
• Have you started planning for your business?
• Have you written your Business Plan and Marketing Plan?
• Have you considered your other plans such as a Social Media Plan, Export or Import Plan, Succession Plan and Emergency Management and Recovery Plan?
• Do you know how to obtain finance?
• Do you know which business structure suits your business?
• Have you considered starting as an independent contractor?

When you start a business

• Have you registered your ABN?
• Have you registered for GST and/or other business registrations and licences?
• Have you registered your business name?
• Do you have adequate protection for your intellectual property?
• Have you considered running a home-based business?
• Do you understand your taxation obligations?
• Do you understand your legal requirements?
• Are you aware of standards and codes of practice?
• Have you set up record keeping & accounting systems?
• Have you arranged insurance?
• Do you know how to employ people?
• Have you considered applying for grants or financial assistance?
• Have you considered doing business online?
• Have you thought in detail about your product or service?

When you buy a business

• Have you considered buying an established business?
• Have you considered buying a franchise?

Running your business

• Do you have a good understanding of your customers?
• Do you know your ongoing employer obligations?
• Do you understand your workplace health & safety obligations?
• Have you thought about exporting goods or services?
• Have you thought about importing goods or services?
• Can your business benefit from applying for tenders and contracts?