Starting a business

Should you be a sole trader, partnership, company or trust? Or a combination of these? Setting up the right business structure is vital. Getting it right from the start will ensure your asset protection and make sure that adequate separation is maintained as you establish your new business.

The right business structure will take into account:

• access to capital
• investment
• R&D concessions
• cashflow flexibility
• future growth
• eventual sale or succession

We can help you to discover the best structure and will work with you or your legal team to implement that structure.

We can help you with:

• Company and Trust Setup
• Registration for an ABN and TFN
• Registration for required taxes, i.e. GST, FBT, PAYG Withholding and so forth
• Tax minimisation
• Shareholder, unit-holder, or partnership agreements
• Business plans
• Cashflow forecasting
• Setting up accounting systems

Buying an established business can be a faster way to start generating revenue, but it comes with its own challenges. How do you know if it’s the right business for you? How do you work out the business’ true value? How much should you pay? Is it profitable?

If you’re considering buying an established business, we can carry out:

• Due diligence
• Business plans
• Valuation
• Negotiation

Once you’ve set up your business and things get underway, you’ll reach the point where you need a little extra help from someone else. Someone who can help you make strategic decisions and work out what’s working and what’s not.

We’ll help you to understand your business better. We’ll help you manage your cashflow and really get to grips with the numbers. Good management decisions rely on a sound understanding of the financial implications for your business. So we’ll teach you how to use your numbers to make good management decisions.

Working with us as your Financial Coach, means we’ll meet every two months. In these meetings, we’ll discuss your financial results, teach you how to produce you own financial reports and help you to interpret and customise them. Think of it as an investment in you.

A solid business plan is the heart and soul of your new business. Together, we’ll create one.

It starts with some ground work, to make sure we fully understand your vision and core business values. With this in the bag, we will facilitate a four hour planning session.

During the planning session, we’ll help you to identify and prioritise your short and long-term business goals. We’ll create a strategy to help you achieve them and educate you in how to check you’re on the right track.

At the end of the session, you’ll have a clear, concise one page Business Plan. We’ll also have a 90 Day Action Plan to help address immediate and critical issues along the way.