Six great steps to suceed in a new business
1.Start a new business basics
2.Incorporate your business
3.Write a business plan
4.Funding & finance for a startup
5.Marketing & advertising your business
6.Growing your business
What do I need before I get started?
Researching your market
How do I make my business more innovative?
Are people interested in buying your products or services?
What are your competitors offering and whether the market can sustain your business ?
Some questions to consider are
1.What product/service will you provide?
2.Is your idea feasible?
3.Is there a market for your product/service?
4.What skills do you need?
5.Who are your competitors?
6.What difference will you bring to the market?
7.Do you have the financial capacity?
8.Make sure you have completed a detailed business plan
if you would like to download our comprehensive business outline to get your started click PDF link
Why Do So Many New Businesses Fail?
1. Poor Execution & Lack of research
2. No Viable Market & Channel Strategy
3. Too Much Leverage
4. Undercapitalizing the Business
5. Lack of Competitive Advantages
6. Competing Head-to-Head with Industry Leaders
7. Picking a Niche That is too Small
8. Breakup of Partners or Investors
9. Poor Customer Service &Pricing Strategy
10.Growing too Fast&Lack of Systems
Try our business start up planner >>>>
So how can you avoid starting out like this?
1. Give accountants plus a call 03 9873 4133 for our checklist
2. thoroughly research and plan you business entry strategy.
3. fill in our buiness start up expenses questionare and we will send you a free brief report
Starting or buying abusiness necessitates risk, research, passion and planning. Just like a game of chess, to succeedyou need to make the right opening moves.
The harsh reality is thatenthusiasm, money, talent or a great idea is not enough to guarantee success inbusiness.
The business evaluation andestablishment phases can be periods of great anxiety due to a combination ofexcitement, uncertainty and financial risk. Make no mistake, the risks are real as the latest figures fromthe Australian Bureau of Statistics suggest that 42% of new businesses won't bearound in 3 years time. Even though franchising is considered to be the mostsuccessful form of small business, a 2008 study indicates:
The small business journeycan be both challenging and rewarding and we are here to guide and support you.Having previously assisted so many clients in your situation we would like youto benefit from our experience and help you make the right opening moves. Toooften people starting a business simply end up creating a ‘job' that deniesthem the freedom and flexibility they set out to achieve.
Successful businesses haveclear objectives, produce quality products or services, understand theirmarket, manage their money properly and are good employers. They also keepquality records and have a close relationship with their accountant. Whenestablishing your business it's important to seek sound professional advicefrom qualified accounting and legal sources. Our clients enjoy a ‘business coach' relationship and wework on your business to develop strategies, systems and processes to ensureyour marketing generates a better return and repeat business. We use tools andtechniques to monitor sales, productivity and make your financials moremeaningful.
Your business success isimportant to us because Small Business is Our Passion.
To help our clients we haveproduced a booklet that contains valuable information about starting abusiness. It covers a number of topics including :
Full copies of thebooklet are available from our office.