4 Good Reasons for Starting a Business

Starting a Business

While statistically it seems that it is mostly males who start up their own business, this doesn’t have to preclude an woman from doing so. In fact, women may have more reasons to start up their own business and often, more skills. For instance, few men would want to be a beauty consultant, create beautiful nails or apply make-up for a living, but if you have those skills you can easily branch out on your own.

Setting up your own business is not that hard when you put your mind to it. It does not need to be a national retail store. You can start off small and you may even be happy to stay that way, so long as you are making a living.  Here are 4 good reasons for starting your own business.

  • You have marketable skills, but there is no one in town to hire you. This means that you have found a niche in the market that will likely make you successful if you start up your own business. That said, marketable is the keyword. If you know how to make wagon wheels starting up such a business is not likely to bring in many customers. But if you know how to make other women look fabulous or feel wonderful, then go for it.

(more…)

Starting a Business

starting-a-business

Many women opt to start their own business, rather than paying the extra cost of purchasing one that is a going concern. They may have special skills and training that mean they can set up as a sole trader to save on the costs of employing staff. Many women who have training as accountant, hairdresser, beauty consultant, or in some other field can even set up in their home to save costs until they get an established clientele.

The need for registration

If you decide to go this route, there are several steps to take that make your business a legal entity and one is registration.  This can be done easily enough online and all you have to do is answer some questions on an online form. Once the registration goes through you are given an Australian Business Number (ABN) that you can then use on all your brochures and advertising, not to mention invoices. This ensures a professional look and feel for your business. It is also a legal requirement, needed for your tax returns.

(more…)