Decide which of your passions you love enough to start a business around. Doing what you love is the first issue to think about when choosing the right business. Remember, your business will become your baby, and like any baby, it will require a lot of love, time, money, and attention if it is to grow strong and healthy.
Choosing the right business
“The road to happiness lies in two simple principles: Find what it is that interests you and that you can do well, and when you find it, put your whole soul into it – every bit of energy and ambition and natural ability you have.” – John D. Rockefeller III
Starting a business is exhilarating. You have to be sure every effort, no matter how small, is well-planned and flawlessly executed. Before you start laying bricks, you need a solid foundation. The good news is that you don’t have to go at it alone. I can help you to:
- Select the most appropriate company structure – sole trader, partnership, or limited company.
- Develop a business plan with cash-flow projections, and budgets.
- Assess your business startup’s finance requirements.
- Choose and open a business bank account.
- Handle all registration procedures: check availability of the proposed business name, request a formal approval of the name, register your business name, apply for GST number, apply for payroll account and WBC account if you are planning to have employees, apply for import/export account if you are planning to trade with other countries.
- Setting up bookkeeping, payroll, and accounting system for internal company use.
- Start-up marketing: reserve domain name, finding the best hosting service provider, building or helping you to build your website.
Start off your new business venture on sure footing today!
“The best time to plant a tree was 20 years ago. The second best time is now.” – Chinese proverb
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