Calculate costs, acquire funding & set-up your finances.
To succeed, you will need to organise your finances properly to build your empire.
- Calculate your start-up costs and running costs for the first 6 months.
- Ensure you have enough funding set aside to get started; you may need to apply for a Government Grant, Finance or source an investor.
- Open a business bank account.
- Set up accounting software (Xero is a popular choice).
- Understand your tax obligations and register for GST if needed.
- Talk to an accountant or other financial professional.
