Starting a Business

RDA Adelaide Hills Fleurieu and Kangaroo Island can no longer provide assistance or advise for this service. However, below is some information, Weblinks and resources downloads that may provide some assistance to help you on your way.

 

Starting a Business

Setting up your own business can be an exciting time. Before you start, save yourself time and money by being aware of what's involved in running a business.

One of the early decisions when going into business is what form of legal structure to adopt? Your choice will involve consideration of many variables and often personal preferences. In most cases it will boil down to being unincorporated (sole trader or partnership), forming a proprietary company or operating as a trading trust.

Each has advantages and disadvantages so it is important that you make the decision that is right for you in conjunction with your professional advisers.

Irrespective of the legal structure adopted you may also choose to trade under a business name to help customers recognise your business.

 

What do I need to do before I start my business?

Before you get started find out if people are interested in buying or using your products or services. Find out who your competitors are and whether the market can sustain your business.

Conduct some research to see whether your idea is feasible. This will involve gathering, analysing and evaluating information to help you formulate your business goals.

Some questions to consider are:

  • What product/service will you provide?
  • Is your idea feasible?
  • How will you protect your idea?
  • Is there a market for your product/service?
  • What skills do you need?
  • Who are your competitors?
  • What difference will you bring to the market?
  • Do you have the financial capacity?
  • Information and videos

Investing time into proper planning is key to turning your dreams into reality. Operating a small business is not just about working for yourself or working from home, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed.

The State and Commonwealth Governments have a range of information and resources to assist businesses to establish and grow. 

 

Home Business

Owning a home-based business is, for the most part, just like owning any other business - regardless of location every business must serve a market for its products and services, generate sufficient sales to cover operating expenses and make a profit. The level of profit must be sufficient to reward the business owner’s time, repay any loans, accumulate capital for expansion, reward the capital invested and pay any taxes applicable to net income.

Starting a Food Business

The guide to starting a restaurant, café or takeaway provides specific help and information into what is required and what is recommended when starting or buying a restaurant, café or take-away business.

It's divided into five sections and will assist you in making key decisions and provide advice in the following areas:

 

  • Turning an idea into a business
  • Business planning
  • Starting a restaurant, café or takeaway business
  • Licence and regulatory information
  • Key contacts and industry associations

Registering a Business Name

Do you want to register a business name and are not sure whether it is available?

Did you know that you can check on-line! Visit the Australian Securities & Investments Commissions website - ASIC 

Is the name available and you would now like to register it? Visit Consumer and Business Affairs Website for further information.

Licenses and Permits for your Business

Are you looking for information on which licenses and permits you might need for your particular business?

Did you know that you can get this information by contacting the following assistance services:

  • Small Business Contact Service or phone 1300 142 820 to access information and assistance.
  • Free Tax Support and advice from the Australian Taxation Office business support service.

 

Resources and Downloads

Starting a Business

Starting your own Business Workbook

Starting your Business in South Australia PDF

 

Starting a Food Business

Download Starting a Food Business PDF           

Visit Food SA for more information on starting a food business

Visit SA Health for more information on starting a food buiness

 

Useful weblinks