Starting a Small Business? ASIC’s First Business Online Module

The First Business Online Module is a great resource from ASIC’s MoneySmart Team to help you decide whether starting a small business is right for you.

ASIC’s First Business Online Module includes various activities to support you in getting started, business planning and support, information on laws and regulations and insurance tax.

Once you have completed the module and are ready to get started, you can download ASIC’s First Business app to help you work towards starting your own business.

The mobile app includes:

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

Getting into small business can be exciting, but there can be a lot of steps involved and various types of business structures available.

What type of business you set up is a really important part of the decision process for your business and we recommend you discuss the different types of structures, including sole trader, partnerships, companies and trusts with Ausena Accountants to see if any of these business structures are relevant to your new venture.

Let Ausena Accountants help guide you through the process and kick-start your new business!

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