New Business Chart

New Business Establishment Chart

STRUCTURE  Sole Trader
Partnership
Trust
Company
SMSF
Select the most appropriate structure
based on current and future objectives.

 

INSURANCE  Public Liability
Professional
Indemnity
Property, Plant & Equipment
Income Protection / Life
Based on Industry and Level of risk

 

MARKETING  Advertising
Sales Plan
Target “Ideal” client. Perform SWOT Analysis

 

GROWTH  Advance Sales Plan
Identify Business
Opportunities
Building Goodwill

Explore the possibility of additional avenues of revenue

 

PROFIT  Improving Operational
Efficiency
Review/monitor internal Systems and procedures

 

LIQUIDITY  Budgeting & Cash 
Flow
Forecasts
Financing
12-18 month budgets & Cash flow forecasts. 
Review finance.

 

RECORD KEEPING  Bookkeeping  
Wages & Super
Business Activity
Statements
Choose accounting software to suit business.
Keep up to date.

 

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