Focusing on Business Registration

Have you ever wondered why so many people toy with the idea of starting a business? Are they tired of running errands for someone else, or are they simply tempted by a flexible work schedule? Some opportunists want fame and recognition, while others hope for personal financial gain. On the other hand, there also are individuals who were born with an incredible entrepreneurial instinct. They master the skills to
increase business success with ease, yet may not always be recognized by their peers or superiors for their astonishing accomplishments. As a result, the only way these gifted closet-industrialists can achieve happiness is by starting their own business.

A step-by-step guide on how to start a business would be a helpful tool for all these aspiring citizens who want to join the exciting world of trade. A comprehensive pamphlet would give insights on the various steps that need to be taken and can help determine which registration forms need to be filed. There is only one small problem! If this document must remain in brochure form, it would only be able to give a generalized overview of requirements and could not detail all formalities linked to each specific type of industry.

To capture all the particulars of each single business field, legal writers would require publishing entire books and not simple leaflets. Starting a business involves dealing with Federal, State/Territory and local government agencies, deciding on an available business name, having a business plan in place, and settling on a business structure. The most favorable business structures are:

o Sole trader – a person conducts business as an individual
o Partnership – two or more individuals, corporate or other entities, agree to carry on business together for profit.
o Trust – this structure involves a trustee (either an individual or corporate entity), who holds certain assets in his or her name for the benefit of the business beneficiaries.
o Company – this is a legal entity separate from its owners, or shareholders, and the directors, or those in charge of managing the business affairs. Company applications are registered with the Australian Securities and Investments Commission (ASIC)

When creating a legal entity, for which you will be held responsible, you may require expert advice and assistance. It would be in your best interest to shop around and not hire the first business registration consultant that shows up during an online search. Invest the time to locate a reputable corporate services provider, because in the end it will be worthwhile. Agencies, such as ‘Quick companies’, are thoroughly
familiar with the Australian business law. In addition, they can also offer fast and professional assistance for all your other business needs including: business name registration, product disclosure statements, transfer Journals and precedent share transfer documentation, and applications for units. The list of services goes on.

In an effort to their clients reach their goals and objectives, these representatives of the Incorporation Industry generally work closely together with accountancy practices and law firms. Having expert advice at hand helps these firms to streamline their products and completely customize each order. They can even go so far as to generate Company, Trust and Superannuation Fund documents with the client’s firm logo and
name. This will give the files the appearance of being produced in the client’s office.

It has long been proven that, standing out and showing individualism can mean the difference between failure and success in these turbulent economic times. Remember that when you are ready to register your business and are looking for a helping hand!

Are You Using the Right Medium to Grow Your Business?

Are you using the right medium with the right message to reach your marketplace? Just a few short years ago, radio and TV advertising worked. Most people got great results. And a few people still do well with radio and TV advertising. Yellow page ads have always been a necessity for anyone starting a business. Does this still hold true for your business? If it does and you get measurable results from yellow page ads, then by all means keep doing yellow page ads.

On the other hand, if conventional tried and true methods of advertising are no longer giving you the results you are after in your business, then it may be time to try something new. Most of you have probably heard the Albert Einstein quote, “The definition of insanity is doing the same thing over and over again and expecting different results”. So are you continuing to run TV ads, radio ads, and yellow page ads simply because this is what you have always done? Are you no longer getting any measurable the results from running these ads? It is very important to your bottom line that you give some thought to these questions. Also, think about the money you are investing in advertising that may or may not be working.

It may be time for a change. It may be time to move forward in your promotional efforts and time to stop doing the same thing over and over again and expecting different results. In today’s world, many traditional advertising methods are expensive with negligible results at best. Again, I am not knocking traditional advertising. I am merely asking you to re-evaluate what you are currently doing in your business to make sure you are getting a good return on investment.

Here are a few suggestions for getting better results from your promotional efforts:

1. Make sure your message connects with your target market. Is it as good as it can be? Is it clear and easily repeatable?

2. Find a way to benchmark or measure your marketing and promotion efforts.

3. Focus on one thing when trying to reach your target market. You don’t have to tell them everything you do initially. Focus on the one thing that can help them in an area where they may be struggling.

4. Make the best use of technology by reviewing your website on a regular basis to make sure you are still hitting the mark with your audience.

5. Use the FREE tools that are available such as online social networking, blogging, sending a monthly newsletter, etc.

6. Find a mentor or business strategist who can help you brainstorm ideas and keep you accountable for your actions in promoting and marketing your business.

I hope this article has at the very least got you thinking about what you are currently doing to promote your business and questioning whether or not it is really working. Sometimes small business owners get in a rut of doing the same thing again and again even though it is not producing the results they want. Sometimes this can be stubbornness on the part of the business owner and sometimes it can just be a matter of not knowing anything else they can do. Be aware, do what works for you and your business, and try something different to find your unique success.

You Can Be a Mom and a Successful Entrepreneur!

More and more women and moms today are becoming successful entrepreneurs and business women. It only makes simple sense, for more women to learn from example and take on the entrepreneurial road. But the question that hits most of us is how? What market segment should I enter, and what kind of product should I sell? More often than not, the biggest success stories of businesses lie in the founder’s passions. Most of these business magnates have had a burning desire to do something that is close to their hearts. In this article, I will address how to identify WHERE to start.

Step One -What Is YOUR Passion?- What brings you pure joy? It might be a love for cooking that could lead to being a personal chef or it might be passion for fitness that might make one a personal trainer and lead her to own her own personal training studio. Even someone who feels strongly about making the right investment choices and has a keen business and market sense might end up owning an investment banking advisory firm. The options are limitless and growth unbound. You set your boundaries by setting your goals. Don’t let anything else deter you from realizing your dreams.

Step Two- Who is already doing it? When you identify what it is you love and what you would do for free, begin doing your homework. Who is already doing what you want to do. What is your competition like? How can you change or improve on what the majority is already doing?

Step Three- Begin writing your business plan. What is your first step? How much money do you have to apply to your business? Where can you get the money you need? How RESOURCEFUL can you or must you be in order to turn your dream into a reality? What tools do you need in order to put it all into place?

You can achieve your dream on your own as many women have and still do, however the most successful women who are now making 6 and 7 figures have the support of a coach, mentor and support group. They clearly understand the value of having all of these as part of their business plan. Their success came to them quicker and more clearly as opposed to doing it all on their own.