Starting a New Business

Things to consider when starting a new business?

When you’re thinking about starting a new business, often you’re bombarded with advice from lots of well-meaning people.

It’s suggested that you take your advice from accountants and business advisers like Gartly & Associates, who can show you how to start a new business on a firm foundation.

Let’s sit down and chat about your business ideas. We’ll act as a sounding board and help you evaluate them in a constructive and realistic manner. We think you’ll find our approach refreshing. From working with lots of small business startups have given us the heads up on what roadblocks you might face.

Importantly in our view, running a small business should leave room for fun and provide you with a better lifestyle. We’ll help you harness your positive energy at this exciting start-up phase. The last thing you want is to feel constrained by reams of daunting paperwork and cumbersome red tape.

Our business start-up services include:

  • Deciding on the most suitable structure for your business – sole trader, partnership, trust or company.
  • Preparing a business plan, cash flow projections, budgets, and trading forecasts.
  • Assessing your finance requirements, advising on the best sources of finance, and drawing up the necessary proposals.
  • Completing any registration procedures with ASIC and the ATO.
  • Dealing with company secretarial issues.
  • Setting up a recording system to ensure you can easily meet your obligations.
  • Reviewing your marketing strategy.

Contact us to help you with starting a new business.” 

Consider these 7 Questions if you are about to or are already starting a new business

1. Why – what is motivating you to do it?

2. How does this fit into your lifestyle, family and life interests? – Have you the support of your loved ones?

3. Have you enough cash to finance the startup?

4. What’s the exit strategy – always start with the end in mind?

5. Is your business idea hands-on, new and innovative, tried and trusted or already being done? Make sure you understand your market, the competitors and the life cycle of your business or product.

6. What experience do you have or is it something completely new?

7. Do your business plan. Plan the next 12 weeks and how it will be used to enable success.

We wish you a successful launch on starting your new business. At Gartly’s we are experienced at helping businesses start up or helping those who are buying an existing business. The first 3 months are important – as a new business owner, you will be a flat chat with lots of unknowns and hopefully a long-term business plan.

Remember to startups give your self 3 years to build a solid business.

Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “gotta have it.”
Zig Ziglar, Inspirational Speaker

Contact us to help you with starting a new business.