Archive for the ‘Perth Businesses’ Category

The Sole Trader

July 28th, 2017    Posted in Perth Businesses
 

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If you want to invest in a small business, the simplest type of business you can form a sole trading business. As the sole trader, you only work for your own interest without having been any formal procedure to be incorporated as a limited or unlimited company.

A sole trader can be easily set up and commence immediately. The owner of a sole trader business has full control over the company where the owner can decide the way in which the business can be conducted. The sole trader owner has the authority to restructure and dissolve the company whenever it suits.

However, a sole trader is a type of business that contains greater and personal risk rather than a limited liability company. As a sole trader the owner of the company is responsible for all the aspect of the business. In addition, it is difficult for sole traders to find or attract investors or parts – this holds back the growth of the business. . In terms of size the business is pretty small, but the number of sole trader business is very large in comparison to any other form of business here in Australia or even in other countries around the world.

For more on sole trader, check this out: http://www.smh.com.au/small-business/resources/the-sole-trader-20090622-ctv8.html

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Getting the best credit deal

May 6th, 2017    Posted in Perth Businesses
 

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Starting a business requires financial support and a well designed game plan. If a business gets proper planning along with appropriate financial support to implement the plans in real life then there will be a great chance that the business will get the success.

Entrepreneurs know that it’s difficult to arrange financial support for a business. There have many reasons for that, people don’t want to believe in a business which is just placing its first step in the market. But still there have many ways and by using them, an entrepreneur can collect financial support.

Start up loans for small businesses are one of the most common forms of financing. They offer a great opportunity for those who are seeking financial support for their small trade. Basically, a wide range of small business loan startup loans are available in the market. If you have all the necessary things, getting commercial loans these days is not difficult.

Loans can be acquired from banks, private individuals, and financial institutions. But wherever you acquire your money, the most important thing to consider is to weigh in the most important factors such as interest rates, compensation rates, etc.

If you are planning to start your own business in Australia and are looking for the best credit deal, you should definitely read this: https://www.moneysmart.gov.au/borrowing-and-credit/borrowing-basics/getting-the-best-credit-deal

 

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7 Secrets for Growing Your Business Quickly

January 16th, 2017    Posted in Perth Businesses
 

Growing a business is similar to growing a plant. How? It’s probably no accident that a company is sometimes called a “plant”. And it’s no accident that Nature can be our teacher in terms of how to “grow” our business.

When growing a business, your ideas are your seeds to be planted. Of course, your business’ foundation will serve as the soil, and the investments you put in are the water and fertilizers you apply so that your seed will grow.

In relation to our plant analogy, if the seed is rotten to begin with, it won’t root. If the soil is sandy and porous, it won’t hold water, and if the water and essential nutrients are scarce, the plant can’t grow. So if you are able to complete these requirements, you can grow your seed up to its full potential. However, keep in mind that the speed of your growth also depends on the type of business you are running.

As a business owner you are always looking for ways to grow your business, and as you begin to increase sales and sense new opportunities it is not unusual for your thoughts to turn to expansion. Read this article from Business News Daily to learn how to grow your business quickly: http://www.businessnewsdaily.com/7690-rapid-business-growth-tips.html

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A serial entrepreneur explains why starting a company ‘has to be the only option in your life’

December 22nd, 2016    Posted in Perth Businesses
 

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Entrepreneurship may seem like a word that is synonymous to stress and risks. But why are there so many people prefer to quit their job where they earn a lot of money and start a small business instead? Think about it, why would a person that is making a five-figure salary turn their backs just to pursue the dream of owning their own business?

You may be wondering why someone would give up a stable job for entrepreneurship? Perhaps they are just tired and sick of stressful morning moments commutes, irritable bosses, time clock annoyances, a realistic glass ceiling, and not to mention unmotivated co-workers.

The above reasons are all the evidence anyone would need as means for pursuing entrepreneurship. However, unfortunately, not everyone that has taken the route towards entrepreneurship has been successful. One of the main causes of an unsuccessful entrepreneurship pertains to the issue of setting unclear expectations. In other words, many entrepreneurs fail to set realistic expectations and fail to do their research before venturing out into the business arena without proper knowledge and skills.

Over the last few years there has been a surge in the amount of entrepreneurs in today’s business industry. As a result, entrepreneurship has been the topic of discussion in the web particularly in social media. But what does it take to become a successful entrepreneur?

According to an article, a famous entrepreneur says that starting a company has to be your “only option in life” in order to become successful. Read the interesting article here: http://www.businessinsider.com.au/prelude-fertility-ceo-martin-varsavsky-advice-entrepreneurs-business-company-2016-11

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10 Fundamentals of Social Media Marketing

July 12th, 2016    Posted in Perth Businesses
 

In the world where technology has been so advanced more than we expected decades ago, communication has become a lot easier than ever.

Today, our world has shrunk from a vast populated land to a network of communicating individuals living in a global village. People from all corners of the globe have come closer together and distances have decreased to the extent that an individual is merely a click away.

Social media has become the biggest trend of the decade. Billions of people around the world have social media account and have been part of the trend. In this fast growing network of individuals, a new marketing idea has evolved – the idea of social media marketing which emphasises the significance of online communication and the way it has made the world a whole lot smaller.

The most powerful advantage of social media is that it develops a strong and more effective online communication. A happening in one part of the world reaches to the second part in a matter of seconds. Imagine if that news or happening was about you. With those being said, significance of this technology is the ease it provides. And when it comes to promoting your business, you can use this as a marketing tool giving you a ton of advantages.

Check out this article and learn the fundamentals of social media marketing: http://www.business2community.com/social-media/10-fundamentals-social-media-marketing-0885810#9tWTKifj3YeDSeF5.97

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Buying an established business

February 8th, 2016    Posted in Perth Businesses
 

There are many advantages for the entrepreneur who buys an established business rather than starting from scratch.

First of all, there is a savings in time, energy, and money when buying an existing business. We all know that process of researching and creating business plans and models are so lengthy, but when you buy an existing business, everything has already been done for you.

In addition to that, if there is financing needed for your purchase, it is not as difficult to obtain since a lenders are more likely to finance a business with a proven track record. Not to mention the cash flow most likely will start immediately, rather than in an unknown timeframe when starting a brand new business.

Also, profitability is not in question as it would be in a business startup. An existing business has a solid client base established, therefore maximising the chances of success by the new owner(s) and also is probably producing a decent income.

These are just some of the many advantages you can get when you decide to buy an existing business instead of starting from scratch. However, keep in mind that there is always room for innovation and creativity even though the business is already established.

To learn more about buying an established business here in Australia, check this out: http://www.business.gov.au/business-topics/starting-a-business/Pages/buying-a-business.aspx

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