don't leave money behind
starting up in business
In our experience businesses which are most likely to succeed have already taken the time to plan. At Your Business Accountants we can help you to identify and address potential stumbling blocks before they hinder Your Business, as well as look at actions you can take to be ready for when your first customer approaches you.
We have a 12 month service package which is geared directly towards starting out in business and by following our processes, at the end of your first year you will be in a good position to be able to plan for the next phase of Your Business. Of course we continue to support you through your journey.
Ultimately Your Business will and should become the key income generating asset which you own. It will need to be constantly nurtured, controlled and understood on a day to day operational basis as well as on a holistic basis. The goal being to provide you with means of an income and the satisfaction of running Your Business.
stages of start up
Which business vehicle do you choose?
Pty Ltd Company, Sole Trader, Trust, Partnership. There are no right nor wrong answers, just choices. Each will be dependent on where you see Your Business going and who is accompanying you on the journey. Take the time to look at each scenario and how it equates when it comes to tax, regulations and fit with Your Business model. We will support you help you understand the benefits and limitations of each.
How much cash do you have?
Your Business needs cash to run, you need cash to live. We help you put into place a way of budgeting for both. You will be able to allocate every income Your Business receives to the costs it will incur, leaving enough to put against your lifestyle. Rather like two fuel tanks in your vehicle. One for you and one for Your Business.
What lifestyle do you want?
Your Business can be set up for growth or lifestyle. It does not matter which other than when you drive it, you need to consider your five year plan as to where you which direction you want to head in.
The support we can provide
Every business needs the right processes, software and the right road to travel down. We work most effectively with businesses and gain the most success when we start out as we mean to carry on. It is crucial to have in place:-
data entry efficiencies
planning for tax
We provide all of these and ultimately make sure you can spend time running Your Business. We can help only if you accept that Your Business is your single most important asset and needs the right tools to function effectively.