Starting a Business

How to Register Your Business

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Register your Business

Starting a business in Australia has become easier than ever. Economic growth and saturation of the market has allowed Australian Securities & Investments Commission (ASIC) to make the process easier for potential business owners. However, before incorporating your business and registering the name, you need to make sure that you are eligible to start, operate, and manage a business in Australia.

There are four business structures in Australia that you can choose from when starting your online business, namely sole trader, partnership, company, and trust. Generally speaking, a person is automatically disqualified from starting and managing a business if the person:

  • Is bankrupt
  • Is convicted for offences under s206B of the Corporations Act
  • Is convicted for offences under s32(1) of Business Names Registration Act

Once you have checked if you are eligible to start a business, and understand employment laws for business – the next step is to register the business name. Remember that managing a business while being disqualified to do so is a criminal offense. If you have any questions, contact a qualified criminal lawyer

Register Your Business

Once you have found out all the information related to starting a new business in Australia, the first step towards doing so is to register a company name. The company name allows you to hold exclusive rights to the name you choose in Australia without having to file for registration in each state.

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eCommerce

How to Decide on the Best eCommerce Platform?

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The multimillion-dollar eCommerce industry is growing by leaps and bounds in Australia. When it comes to making the online business, a success an online business owner needs to take many things into consideration. And one of the most important aspect of any online business store is picking the right eCommerce platform.

People starting an eCommerce business may feel overwhelmed by the different types of online platforms that seems to offer the same services. However, the platforms differ in terms both in terms of price and functionality. Here we will take a look at the most popular eCommerce platforms that offer the best deal for online businesses.

Shopify

Shopify is a hosted eCommerce platform that does not require you to purchase a separate web hosting platform. The big upside of the eCommerce store is that the availability of add-on apps that greatly extend functionality of the online store. However, a downside of the eCommerce platform is that it offers limited ability to customize the interface.

Magento

Magento has been considered the best online platform for eCommerce sites. The online platform is used by major e-commerce companies due to greater flexibility in customizing the site. The only drawback of this platform is that creating and customizing the site requires hiring a professional website designer which adds to the cost of operating the store.

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Legal Advice

Important Legal Issues to Consider For Protection of Your Startup

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As an entrepreneur engaged in a startup, there are several issues that need to be resolved in the early days of establishing your company. Failing to do so may involve complicated legal issues where you will need an experienced criminal lawyer or corporate lawyer especially in terms of copyright and patents, where even partnerships especially, can go wrong.

One of the biggest real life examples of copyright litigation was faced by Mark Zuckerberg himself in the Zuckerberg vs. Winklevoss faceoff regarding the rights of Facebook. Though Zuckerberg himself walked away with the company, still the payoff to those who litigated against him including his partner, won a considerable amount of compensation.

However, not everyone can be lucky enough to own a company worth millions. With such factors in mind, it is imperative to take note of the legal aspects of a startup where every loose end should be tight enough to protect you from any chance that litigation lawyers will pursue you for copyright claims.

Here’s what you need to do:

 Make a clear-cut agreement with your partners

An initial co-founder agreement will ensure you do not face any copyright problems from disgruntled co-founders. A partnership can go wrong, it happens. This is why you need to be firm in the beginning. A co-founder agreement should contain the following clauses:

  • Percentage rights of individual members
  • Designations of members and extent of responsibility
  • The limitation of rights of a member resigning from the partnership
  • The rights of remaining partners to buy shares from a resigning member

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Legal Advice

Pros and Cons of Buying Off the Plan

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Buying Property

Property lawyers will tell you that buying property off the plan means you are putting down a deposit for a property that is not yet built. This happens most often when a property developer buys a big acreage of land that he intends to subdivide into smaller blocks and build homes on, then sell. To get the money for that, he advertises the plans, which allows prospective buyers to choose one of many blocks in an area they like.

There are pros and cons of buying off the plan that should be carefully considered before going ahead.

Pros

There are several advantages for this type of purchase.

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eCommerce

Key Features That Your Ecommerce Website Should Have

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You may have setup a complete ecommerce website for your online business in Australia, but are you sure it has everything you need for next year? Here are some must-have features that can help you improve the business by making things more efficient:

Firstly, maintain an innovative, fresh, and engaging online presence. This is not something you have to look at annually, but on a daily basis, because ecommerce is a very competitive market. In recent years, the Australian ecommerce industry has not only served as a significant tool for revenue growth, but has encouraged consumers to spend beyond their limits. In the next year, there is going be an increase in overseas and local retail purchases by an estimated amount of $25 billion. Therefore, if your website doesn’t appear engaging, others will make sure theirs does.

Another important requirement is to keep your ecommerce processes competitive. You must try to cover all likely aspects to make sure that your customers can access your products and services. For example, The Iconic Magazine is not just available in hard copies, but is available online as well, making it accessible for mobile users too.

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Branding

Why The Right Brand Design Is Important For Your Business?

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Brand-Design

Do you know the relative importance of your brand? Do you know why it is essential to have the right brand for your business? If you think that the connection between brand and business has just been exaggerated, then think again! The importance of a brand cannot be stressed enough based on what it can do to ensure the success of the business. Because your brand is the first image of your business!

Playing Show And Tell With Your Business Brand
Isn’t it every business’s dream to have their customers absolutely adore what they have to offer? Well, the question is how do you achieve it? By making your brand the face of the business, and telling and showing customers your products through your brand; of course.

To have a brand which is the face of your company, you need to make sure that it brings your values and business commitment to the fore. Statistics share that around 81% of the decision makers regard their business brands to be critically important in driving purchases.

This signifies that customers pay great importance to brand perception. If yours is a brand design developed by experts who have infused your business value into the design, then you will be able to drive sales in the market.

Remember. Brand design is not just a logo, shape or a set of colours. It is a set of values, memories, commitments, goals and expectations, which are given a pictorial representation.

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Finance Advice

Salary Sacrificing vs. Paying Down the Mortgage

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Salary Sacrifice

Many financial planners agree that salary sacrificing is an excellent way to save and avoid paying high levels of tax, at least on some of your income, but is it really better than paying down your mortgage?  Andep Financial planning advice usually offers many ways to save money and reduce your costs; but whether this is one of them will depend on your specific circumstances.

For instance, if you are in a very high tax bracket, it can certainly pay you to salary sacrifice, especially if having done that, your income is then in a lower tax bracket level.  But it is not always the best thing to do as far as making the most of your dollars goes. It absolutely depends on your individual circumstances, which is why it is best to consult with a financial advisor; one who works independently of any company such as a bank.

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Legal Advice

What You Need To Know About Commercial Leasing

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If you have found the best property for your commercial premises, then you must now be considering signing a lease for the property. But do you know what a commercial lease is, and are you familiar with the different clauses which outline the importance of the document?

According to commercial law experts, the clauses in the lease highlight the rights and obligations of both the tenant and the landlord, and any discrepancy and negligence can result in breach of contract by either one of the two parties.

Your Commercial Lease – What Is It?
It is very important for you to recognize the importance of a commercial lease, as it is a legally binding contract. It is essential for both the tenant and the landlord to understand the different terms and conditions given in the contract before signing up the contract.

It is also important that both the parties recognize their obligations and rights, so that all disputes can be avoided, or easily handled if any should arise. Since most lease clauses are quite complicated, it is important to seek the help of an expert who can advise you on the matter.

You need expert legal help, before you,

  • Occupy any leased property
  • Pay any deposit or any other form of monies
  • Make commitment to take, lease or buy on any work which might affect your lease obligations
  • Sign a lease contract

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Legal Advice

The Importance of Business Contracts

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Business-Contracts

If you own a business you will have to sign a lot of contracts. There are many different types of business contracts and commercial lawyers are needed to ensure you are not signing something that will adversely affect your business or your ability to run it.  People agree to contracts in all their daily buying without even realising it. Such contracts are not signed, but include a clause that by doing business with the company you agree to the terms of the contract.

This can be as simple as setting up a bank account or buying a book online. It is in place when you purchase groceries or go to the doctor or dentist.  Most people don’t even read these contracts and it doesn’t really matter most of the time. It simply protects the business in some way.

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Online Business

4 Reasons Why Web Design Is Important For Your Business

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Web-Design

Web design is certainly a magic wand. All you need to do is wave it and your desired results are right in front of you. With the increased use of online media and ecommerce businesses, the concept of web design is gaining popularity and familiarity in the business world.

Not only people have begun paying attention to website’s designs but they have equally adhered to take steps in making the website more functional and effective. As Paul Cookson, a famous entertainer and author, has said:

“Great web design without functionality is like a sports car with no engine”.

The website design has a direct impact on moods, decisions and actions of your readers. With an effective web design, you can drive a lot of consistent traffic to your site. Not just this, there are many more advantages of web design for your business; four of them are discussed below in detail.

1. Increased Number of Visitors
A web design with effective and impressive features will ultimately attract visitors. If you’ve more symbols and figures rather than content on your site, people will instantly get your message without reading long paragraphs. Having their questions answered, they’ll prefer your website the next time they’re in search of anything related to your business. This will guarantee you consistent visitors.

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Legal Advice

Facts About Estate Planning

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Estate-Planning

If you have assets then you will need to plan for their distribution after you die. Having a consultation with a family lawyer will ensure that your estate planning is done correctly so it is legal and no one can step in to challenge or change it. You have a right to leave your assets to whomever you want, but the law says you have a duty to your family to support and maintain them, so they should not be left out.

That said, you can still leave gifts to charities and people who are not related by blood, at your discretion.

Step children cannot Contest a Will, but other family members may. If you leave out some family members but not others, those who are not included can challenge the Will. Even if people are included, they can still challenge the Will if they think they should have been left more. These are the people who can challenge your Will.

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Online Business

Top 3 Ways To Get More People Following Your Business Pages

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Business Pages

Social media is one of the most important advertising mediums for removalists and removalist businesses such as in the modern world. It allows a removals business to connect with potential clients, to offer special deals and to book jobs in an easy, streamlined manner.

However, it can be very hard to attract new followers to things like your Facebook and Instagram profiles. Removalist profiles are not something that people follow without a good reason to, which means that you have to give them that reason. Try and make your social media pages attractive and engaging by providing content that people can relate to.

Here are my top 3 ways for getting more people to follow your removalist social media pages:

  1. Post Relevant, Engaging Content

People use social media for a number of reasons. It lets them stay up to date with modern events, it provides a relaxing, humorous break from modern life and it helps them to discover new things that interest them.

As a removalist business owner, you need to try and create posts which people are going to be able to relate to and engage with. Use clever memes, share relevant news or web articles and above all, do your best to reply to comments and questions in a timely manner.

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Legal Advice

How is Commercial Property Rent Calculated?

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If you are looking to lease a property for commercial reasons, it is wise to consult with your lawyers & solicitors well before you sign anything. They can ensure that the lease is drawn up properly so that you know exactly what you will have to pay. And they can add clauses to protect you from many potential problems. So how exactly is rent for a commercial property calculated? Several things are taken into consideration.

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Online Business

The Tool Of Converting Curious Consumers Into Paying Customers

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uspacenetwork.com the-tool-of-converting-curious-consumers-into-paying-customers

Any business means purely for selling and getting profit via that. This is the basic need and is a must for any business. The question arises that how to attain this. Oxygen Marketing say that there are various necessities to do that. Here are few to help you in getting customers and changing them into final profit.

Step 1: Create website
Nowadays the Internet is a promising medium to let people know about your business. For getting best out of your business, it is the necessity to have a business website. It is better to get it done by professionals. They know best how to create a top-notch website to attract customers. It is a must to have for any business.

Step 2: Awareness
First most is that you should be able to reach customers and this can be done by various means. As soon as you can do that then only you can plan for something else. SEO is quite significant and helpful in this. Once you understand how to be at the top of SEO list which is free of cost, then other steps will become trouble-free.

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eCommerce

The Cost and Issues of Setting up An Ecommerce Business

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Setting up an ecommerce business is a tough task, one which involves a lot of effort and detailed technical knowledge from professional web designers to make sure that you are able to offer a great user experience to customers and ensure good sales volume. With the trend of online buying reaching its pinnacle in the industry, you would definitely want to be at the top of your game and offer a user friendly ecommerce service to online customers to have them coming back for more!

But while an ecommerce start-up involves a lot of work and planning, there are a lot of costs and expenses linked with the job as well. While every business has a budget, the technical aspect of an ecommerce enterprise necessitates you to have a very clear idea of what you intend to spend for setting up a start-up in the competitive industry.

Besides the costs, there are a number of other issues which you should resolve beforehand, before you set up your ecommerce services. Following are a few essential costs and issues that are linked with your ecommerce start-up.

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Starting a Business

How To Keep Customers Satisfied And Get Good Reviews From Them?

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online-reputation

Customer satisfaction is the key to the success of any business. When customers are not happy with the brand, they not only leave the brand, but they also spread a bad word for it, which ends up ruining its online reputation. Therefore, every business that wants to be successful needs to keep its customers satisfied. Happy customers talk well about the brand and spread a good word about it amongst others.

Below are a few tips that businesses can use to keep their customers satisfied and get good reviews from them.

Keep Customers Satisfied

Respond to Customer Queries
Customers don’t hate anything more than a brand that doesn’t care about their opinion and queries. Even if the product was not satisfactory, they will not get turned off by it as much as they will feel bad about the brand not caring about them. Therefore, if a business wants to keep their customers happy, they should reply to every customer query. By answering their questions, businesses will be able to improve their image and make customers feel valued.

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Legal Advice

Top 5 Legal Issues in Social Media

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The present age is the age of social media, where all small and big businesses are run through the use of social media.

Is your business protected against potential legal complications you could face while promoting your products and services through social media? Are your employees aware of these issues ways to steer clear of infringing upon laws? It’s high time you were aware of the top five legal issues in social media.

Many people operate their businesses solely through the internet, using social media platforms such as Facebook, Twitter, YouTube, etc., as their primary medium of communication. While effective, this approach does come with its own set of risks. The gains it nets are proportionate to the legal issues your business might be exposed to if not taken care of properly on time.

1.     Revealing Confidential Information

The most common yet the most dangerous legal issue with regard to social media, is the disclosure of confidential information. Often times, the secrets of your business or some valuable information regarding shares and policies may be leaked out by the employee or any other party with information.

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Legal Advice

Common Legal Mistakes Made By Small Businesses

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Obstructions and hurdles in business is one thing. But, failure in business due to small legal mistakes and failing to get the correct legal advice is sheer foolishness.

Whether large scale or small, a business is a business and needs to be operated as such. You have invested a lot of your money and time into strengthening it. And once it is established, you reap long-term benefits out of it. The point is, not all small scale businesses reach their desired positions in the corporate environment. Faced by lots of hardships, your efforts to establish a small scale business mostly end in vain due to lack of attention to detail and responsibility on your part.

Small businesses can turn profits faster than large scale ones. But because you think of it as just a small business, you tend to avoid important legal formalities and ultimately lose your business.

Here are some of the most common legal mistakes committed by small businessmen.

Not Entering Into a Proper Legal Contract with an External Party

Many small businesses enter into agreements without having advice from lawyers, any legal stamps or signatures by other party. People think that signing a formal contract is just a waste of resources. However, whether internal or external, a legally binding contract is very important. You may ignore the need for legal stamps in internal contracts, but when signing a paper with an external party, legalities must be invoked.

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Branding

What Mistakes You Should Avoid When Naming Your Business

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Company Branding

Naming your business is the moment where all your motivation and excitement reaches its absolute pinnacle. You start with a hazy idea for a business which gradually grows into a more detailed and comprehensive design and you then determine how you will manage different operations and management functions. Once you start work on your business plan, you start thinking about the best name for your brainchild. What group of alphabets will sum up all your services and values in a perfect way?

It is hard to choose a name for a business as it becomes the identity of your enterprise. A name which is difficult to relate to or remember can be a disaster, while the right name can be the perfect brand you had always wanted. So how do you make the right choice? By avoiding any major mistakes while choosing a name for your start-up!

Make sure that you don’t make any of the following mistakes while choosing your business name.

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Legal Advice

Legal Challenges and Hurdles In the Way of Small Businesses

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Survival of the fittest is what we are expected to focus on, in today’s fast moving Australian business community. Having a business and running it successfully combines different ingredients together. Therefore, a small business has to face many challenges and overcome innumerous hurdles on a daily basis. There is a never ending list that should be taken into account while talking about challenges and hurdles, but legal issues also take top priority. Few of the major legal problems associated with small businesses are listed below.

Choosing the Right Legal Structure

Not only do you have to make a choice of what exactly you are offering to the people, but also, it is immensely significant to choose the right legal structure. This decision can either make or break you in the anticipated difficult times of your business. This also directly affects your personal liability, amount of taxes your business will have to pay, and the entire future development of your business and its legal implications.

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