Starting a business can be a really exciting time.
You have a vision and you’re prepared to put in the hard work, it’s time to consider starting a business. When something you have built with your own two hands is successful, it’s a great feeling and something you can be proud of. It is even something you can pass down to your future generations if you do it right.
This is why getting the right advice from the outset as well as long-term support through your journey through the highs and lows of the startup world is so important.
One of the first things you need to do is make a plan. Having a business plan will keep you on track and give you focus when you aren’t sure what to do next. Finding the right place to set up your business can also have a significant impact on its success. So you may look at signing a commercial lease. There are many things you should consider before you do this because a commercial lease can affect the value of your business. You don’t want to be stuck in a lease if your business doesn’t go as well as you hoped.
You need to be aware of your taxation law obligations too so that you don’t end up with a huge tax or GST bill that you weren’t expecting. Cashflow can have a huge impact on whether you can continue to run your business.
Your business brand is what sets it apart from your competitors. You don’t want to go to the expense of printing business cards and brochures only to find that someone has already trademarked it. Trademark registration before you do anything else is essential to ensure you don’t have to start marketing your business all over again.
People from all sorts of walks of life are attracted to starting a business. What it really comes down to is experience and having a complete understanding of all things commercial. Marcel Vaarzon-Morel has successfully run many businesses in his lifetime with the most recent venture being his law firm. For over 8 years Marcel has faced and conquered the realities of small business from rights and responsibilities, customers, employees, and debtors to entering into contracts.
Vaarzon-Morel Lawyers understand the complexities of business law and make a conceded effort to immerse themselves entirely in your business in order to provide you with long-term support that you can count on.