Question:
My partner and I would like to purchase a small cafe. It is being sold for $39k. The banks won’t lend us money as they say cafes are too risky and we don’t have enough equity in our unit. What are our options? What is vendor financing and how do we go about it?
Answer:
Vendor financing [...]
Question:
I have just started a new business within the mlm (network marketing) industry and I would like to know at what point do I start paying tax and what forms do I need to fill in? I currently am working in a full time position so how does this affect my current tax rate?
Answer:
If you [...]
Question:
I’m thinking of starting a new business but obviously I will need to raise funding. What are my best options?
Answer:
Your individual circumstances will dictate what will be your best course of action as far as funding is concerned. Obviously, your first option will be the financial institutions and obtaining a business loan.
You can [...]
Question:
I’ve just started a women’s clothing store and I want to make sure I’m properly covered insurance wise. I’ve received some quotes for a range of different policies and I’m getting conflicting statements of what I need. What should I be looking at and who should I go to for the best advice?
Answer:
Insurance should [...]
Question:
I’ve just started my own business as a sole trader and I want to know whether I need to register for the GST or not.
Answer:
There are a number of criteria for deciding on whether to register for the GST. Registering is compulsory if your annual turnover is more than $50,000 annually or is projected to [...]
Question:
I’m thinking of starting a business from my home but I don’t want to spend a large amount of money on the business until I know whether there is a market for it or not. What are the basics I should do when starting a business?
Answer:
Regardless of whether you intend to operate [...]
Question:
What are some of the common mistakes I should try to avoid when starting a new business? It is my first time and I’d like to try and make sure my business is successful.
Answer:
When starting a business there is so much to learn is so little time. With so many things to do, and so [...]