Starting your own business? There are endless things to consider, and not all of them are as fun as choosing a name and setting up the office. A lot of people get caught up in the romantic idea of setting up a business. Often, business cards are ordered before the first client phone call is received.
This blog post will outline things to do and things not to do when setting up a business, as well as all the financial stuff.
Not many prospective businessmen and women remember that short-term loans are a valuable tool in getting any business idea off the ground.
Let’s find out more!
Some of the steps involved
So, you have written a business plan, you have decided on a business name and you working tirelessly to generate some interest from potential clients. Perhaps you need to further evaluate and develop those ideas. For example, do you have a marketing and advertising strategy?
Let’s look at this in a bulletlist:
- First, determine if the business type is suitable to your goals
- Register for an ABN
- Write a comprehensive business plan. This should include various elements like profit/loss forecasting and cash flow analysis
- Develop some marketing strategies
- Decide whether or not some start-up capital is needed
- Generate business
- Be happy
There are obviously other important things to consider, including tax, ownership, lawyers, accountants and so forth. But the certainties are registering for an ABN, providing a business plan (for your own benefit), and obtaining capital if needed.
That’s where we may be able to help. Quickle offers short-term loans for this exact reason. Australians in every state are making good use of our products to build their business from the ground up. Why? Before we get into that, let’s look at the ins and outs.
What is a short-term loan?
Quickle offers short-term loans between $300 and $2,000. This fast financial solution, often referred to as peer-to-peer economy, are great when used as capital in a start-up (like launching a small business!). When you are starting a business, you need money. It’s that simple.
The best part about our solutions is the speed and ease of process. As our slogan states: It’s quick. It’s simple. It’s Quickle. All you need to do is fill out our online application form on your desktop, tablet or mobile device. No extensive paperwork. No face-to-face meetings. However, if you would prefer to speak to someone over the phone, you can always get in contact with our customer service team.
And how can a short-term loan help in setting up a business?
Short-term loans are ideal when needing to purchase small-to-medium ticket items for your business. It depends on the business model. Let’s use graphic designer in this example. If you are a graphic designer, you need to have a computer (obviously). . . the latest software, such as Adobe Creative Cloud. . . and you might need a portfolio website and business cards.
What about an at-home massage therapist? A good massage table is a must. . . all the relevant oils, scents and towels. . . and like the graphic designer, the massage therapist may want a website to be found online by prospective clients. Regardless of your business model, establishing an online presence is crucial in this digital age.
A short-term loan is suitable for any of these small purchases, and is imperative in the smooth operations of your business. Get in touch with Quickle today to learn more about how our short-term loans can help. Contact us today.
What not to do when setting up a business
Every year, thousands and thousands of Australians are motivated to take matters into their own hands. Tired of working for ‘the man’ perhaps. A lot of these individuals will achieve business success, and eventually, financial success. A lot these individuals will also fail. But don’t let that be a deterrent.
There’s a saying in the industry that most new Australian businesses will close in its first year of operation. Take a look at this survey conducted by the Australian Bureau of Statistics to learn more about this myth!
It always comes down to a few missed details. Continue reading if you want the best chance at going the distance!
Doing it all
You want to hit the ground running as soon as possible and generate as much income and financial freedom. . . whatever the reason, don’t let it take away your core business details. Your objective should be to slowly chip away in order to employ others to do the work for you. That way, your active income becomes passive income!
Doing it alone
This is similar to the point above. The key takeaway is to surround yourself with people who share the same objectives, or particularly the objectives of your business. Collaborating with other individuals allows a holistic business approach. Any staff members who are slowing the pace of your business trajectory, should unfortunately be let go. You need support and advice from the best only!How Short-Term Loans Can Help Boost Your Business Click To Tweet
What are you waiting for?
Don’t delay your dreams. If you have written a business plan and now need to obtain some start-up capital, all you need to do is jump online and click apply! Fill out our simple application form on your computer, tablet or mobile at home, work, an internet cafe or anywhere else with signal.