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Starting a business is like starting a race, a race between gaining income and reducing liabilities. If you want to win this race you need to put all of your time into growing your customer base. But here is what happens… you start thinking about the other side of the race; your liabilities. Those liabilities include rent, payroll, GST, income tax, insurance, electricity, water, internet, telepho…. You get the idea. Not only that but this could be the first time you are negotiating a lease agreement or understanding business structures. The knowledge you now require is vast and you needed to know it yesterday.
You have two options to deal with this information deficit
If you are going to plod through the legislative requirements, learn how a trust works, figure out if you can use images from google for your website then this will considerably set back the start date for your business. You are going to need to work through each element, understand it before you move forward… you might even get so stuck that you never start and therefore never succeed.
If you are going to procrastinate then you are likely to grow your business quickly and begin to win that race between income and liabilities. You will continue to push off formal employment contracts, you wont have checked the option date on your lease, you might not be setting aside money to pay GST or income tax. However, the day will come when all those things you should have done, such as to ensure your structure is right and your employment contracts are in place, will hit you hard. You might be hit with an unnecessarily large tax bill that you now can’t fix without paying CGT or an employee might leave taking your client database with them to their new firm.
There is a third option that successful businesses implement, delegate. The plodder never starts and the procrastinator adopts a high risk approach. Delegating your lease negotiation, employment contracts and seeking advice on your company structure will very quickly pay for itself, I think you know this intrinsically however you also know that lawyers are expensive and paying capital to a lawyer at the beginning stages means less money for wages, rent and marketing.
I understand that paying a lawyer upfront is not how you want to be deploying your capital and I want you to succeed.
My Fees
Small Business Package
$7,000.00
Starting a business is like starting a race, a race between gaining income and reducing liabilities. If you want to win this race you need to put all of your time into growing your customer base. But here is what happens… you start thinking about the other side of the race; your liabilities. Those liabilities include rent, payroll, GST, income tax, insurance, electricity, water, internet, telepho…. You get the idea. Not only that but this could be the first time you are negotiating a lease agreement or understanding business structures. The knowledge you now require is vast and you needed to know it yesterday.
Product Description
Delegating your lease negotiation, employment contracts and seeking advice on your company structure will very quickly pay for itself, I think you know this intrinsically however you also know that lawyers are expensive and paying capital to a lawyer at the beginning stages means less money for wages, rent and marketing.
I understand that paying a lawyer upfront is not how you want to be deploying your capital and I want you to succeed.
