This tax help and tax tips page is to help guide you to set up your
business structure which is second part of your business plan process.
You
will need to decide on the legal business structure of the business.
You can refer the tax effective structure page on this Tax Help &
Tax Tips site for more information.
People strategy – You need to have following good systems and procedures for human resources management.
• Good quality recruitment process • Ensure that staff are properly trained • Do not delegate tasks beyond capability levels • Ensure that staff are aware of systems and standard procedures
Technology
strategy – Your business plan should identify your approach to the
operating systems that will increase efficiency and increase in quality
control. You also need to create a business operating system with proper
backup procedures. In case of emergency your business system should be
able to restore with a minimal time disruption.
Marketing
strategy – When you have a clear objective in your business plan, you
can identify your marketing strategic plan where you want to move from
your current position. A clear objective you developed should be used as
your road map. Your marketing strategy should include market research,
identifying your target market, competitor analysis, strategic
alliances, positioning and budget. You will need to concentrate on the
most appropriate marketing activities and use your resources wisely.
Risk
management strategy – You need to have adequate insurance place. You
need to protect current and desired future financial positions from
adverse financial effect of events such as disability & death or a
fire & flood sweeping through your business or somebody suing your
business.
Disclaimer
Every effort has been made to offer the most current, correct and clearly expressed information possible within this site. Nonetheless, inadvertent errors can occur and applicable laws, rules and regulations may change.
These materials on this website are general in nature. It is made available on the understanding that the JH Business Services & Taxation is not thereby engaged in rendering professional advice. Before relying on the material in any important matter, users should carefully evaluate its accuracy, currency, completeness and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
JH Business Services & Taxation Accounting | Business Advisory | Tax Services Specialist in small to medium business & personal tax services
Norwest Office
Suite 205 29-31 Lexington Drive Bella Vista NSW 2153