There’s a common myth in small business that it’s a waste of time and effort to register for goods and services tax (GST) before your business generates $75,000 in revenue each year. Here’s the truth behind that myth and why you might need to consider GST registration sooner than you think. When you’re just starting out or coming through a tough...
Market research is essential for anyone looking to go into business, according to East Victoria Park business owner Shellie Attwood. “Don't just open something without looking around in the neighbourhood to see what is already there,” she advised. Shellie is the owner of Greenbunch, a florist, café and plant store along the popular hospitality...
All new businesses start with an idea. Conducting thorough research during the business start-up phase can help you discover if you’re on the right road to success. We know there are a number of costs associated with starting and running a business, so we encourage you to make use of the wide range of free information and resources available to...
Did you know that bubble wrap was originally sold as a textured wallpaper? As history has shown us, it wasn’t a viable product for its intended customers. The success of online business ideas or other small business ideas will always depend on a range of factors. Some factors are out of your control, such as interest rates, tax brackets and the...
On 1 July 2024, Business Local became SBDC Regional. While the name has changed, we’re still here providing you with free business advice and support in your area. Find your SBDC Regional provider . When opening and evolving their landscaping supply business in Albany, owners Jane and Ian sought guidance from advisers at the Albany Business Centre...
From 9 November 2023, changes to the Australian Consumer Law mean that businesses of all sizes can’t propose, use or rely on unfair contract terms in standard form contracts. Find out what this means for your small business contracts. A standard form contract is generally one which has been prepared and entered a number of times by one party to a...
Like many businesses in our current environment, you may be expecting a downturn in your turnover for the next financial year. We’ve put together some tips on how to prepare from a tax perspective. From staffing challenges and supplier constraints to customer behaviours and global events, there are many reasons your business might be preparing for...
Starting a business is a daunting task for anyone, but young business owners face unique challenges. In Western Australia, the entrepreneurial spirit is alive and well, with numerous opportunities for young people to innovate and create successful ventures. Here are some tips for young people considering starting their own business. Build your...
We’ve all heard the saying that ‘cash is king’, but despite the popularity of this phrase cash flow is an area of business that is often neglected. Being able to effectively manage your cash flow is key to the long term survival of your business. It will also allow you to maintain enough working capital to operate through quiet periods. Your cash...
Made a purchase for your business that doesn’t work? Here’s what to do. In small business every dollar counts, and making smart purchasing decisions is crucial to keeping your business running smoothly and profitably. However, even with the best intentions, problems can arise with products or services you've purchased. We outline how to address any...
Small business owners with a business tax debt are encouraged to work with the Australian Taxation Office (ATO) to help manage it through a mutually acceptable plan. Dealing with financial stress while running a business can be difficult, and a tax debt notification from the ATO can be something you’d prefer to ignore. While it is often tempting to...
Ensuring every aspect of their operation is as energy efficient as possible is the commitment of an award winning South West linen and laundry business. Baythe Linen and Laundry in Vasse, on the outskirts of the City of Busselton, is setting benchmarks for sustainability and environmental responsibility by continually seeking out and investing in...
