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Starting a new business?

Starting your own business can be overwhelming – where do you start? We’ve put together some great resources to give you a head start.

• Guide to starting a business: Setting up your own business is exciting but can also be challenging if you’re not prepared. This guide will take you through each step of starting a business and help you understand what’s ahead, including a before you start checklist to make sure you’re ready, tools to analyse your business idea, and how to tell the difference between a business and a hobby. 

• Starting a business checklist: New to business and not sure where to start? This starting your business checklist will help guide you through some important steps, including choosing a business structure, registering for your ABN, GST and business name, setting up record keeping and accounting systems, and more.

• My Business: Get government help with your business, including industry-specific assistance to run or start your business, business guidance, and how to set up a business profile in Service NSW. Includes information on storms and flood assistance, Dine & Discover NSW and COVID-19 help for small business: https://mybusiness.service.nsw.gov.au/  

• Starting a small business for young people: This starter pack from moneysmart helps young people decide if starting a business is right for them. Participants will explore the pros and cons of starting a small business, different business personalities, budgets, cashflow, planning, support, legal requirements, tax responsibilities and more.

• First Business app: the First Business app can help you work out whether you are ready to start a business. The app includes: 

• • a business health check - helps you work out if you are ready to take on the challenge of running a small business. 
  • a starting your business checklist - assists with organising some of the requirements of running small business. This includes registrations, licences, tax and super responsibilities and legal requirements. 
  • case studies - with examples of things that can go wrong and how to avoid them. 
  • a networking section - provides tips and ideas about how to develop your business network.

• New Business Assistance with NEIS: NEIS provides personalised support to help people pursue self-employment and start a small business. NEIS provides accredited small business training; help to develop a business plan; personalised mentoring and support from a NEIS provider; NEIS Allowance for up to 39 weeks, and NEIS Rental Assistance for up to 26 weeks (if eligible).

• Entrepreneur’s Programme: get help to innovate, compete, and grow by providing expert support, funding, and incentives.

• Entrepreneurship Facilitator: Entrepreneurship Facilitators help people to start a new business and create their own job.
  Local contact: Courtney Tune courtney@altcollective.com.au