Think you don’t know enough to start a business? Help is at hand

Many Australians have a dream job they’d love to deliver to life, however they lack the arrogance to take the leap.

Thankfully, there’s loads of assist when it comes to turning your dream enterprise concept into a actuality.

The entrepreneurial spirit is alive and nicely in Australia, with small companies dominating the economic system. Around 99% of all Australian businesses are small to medium enterprises (SMEs) that make use of fewer than 20 folks.

The overwhelming majority of those companies don’t even have any staff; they’re simply run by a person working laborious to make a go of it.

The dream of working for your self

While there’s one thing to be mentioned for the safety of a conventional job, particularly throughout these troublesome instances, many Aussies would relatively not spend their days working for “the man.” We have large goals.

Almost half of Australians agree that beginning a small enterprise has better attraction than a conventional job (47%), in accordance to a latest GoDaddy survey.

We like the thought of working for ourselves, being our personal boss and constructing one thing from the bottom up.

Of course, even for many who do have a conventional job, the thought of working nine-to-five in an workplace 5 days a week is set to grow to be a factor of the previous for many individuals.

The future of labor is probably to embrace working from residence a number of days a week. This makes it simpler to strike a higher work/life stability, plus you don’t want to waste time commuting.

This type of flexibility may additionally make it simpler to nurture a aspect hustle whereas preserving your day job till you’re prepared to take issues to the subsequent degree.

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Taking a leap of religion

One in 4 Australians goals of a aspect hustle, however hasn’t put it into motion. So what’s stopping them from pursuing their passions?

Half of them (52%) cite cash as the most important impediment to placing their small marketing strategy into motion, however it’s not merely a lack of funds that’s holding them again. Other key points embrace:

•     Lack of confidence (41%)
•     Uncertainty about their enterprise concept (39%)
•     Lack of experience (37%)
•     Lack of time (32%)
•     Lack of tech abilities (11%)

So it’s clear that budding small enterprise house owners don’t simply want an injection of money to get their concept off the bottom. They additionally recognise that they want some sound recommendation to assist them develop a strong plan for his or her enterprise and put that plan into motion.

Areas of best want

According to the GoDaddy survey, folks say their best wants when it comes to recommendation are relating to:

•     Financial and tax (55%)
•     Branding and advertising (45%)
•     Website constructing and growth (42%)
•     eCommerce (29%)
•     People administration (28%)

They’re not mistaken, as individuals who have already made the leap to start their very own small enterprise agree that it’s a fairly good checklist.

When present and former small enterprise house owners have been requested about an important assist they wanted when deciding to go it alone, they ranked the problems in virtually the very same order as people who find themselves nonetheless fascinated about taking the leap:

•     Financial and tax (69%)
•     Branding and advertising (51%)
•     Website constructing and growth (49%)
•     People administration (37%)
•     eCommerce (35%)

While these people who find themselves nonetheless dreaming about bringing their aspect hustle to life are clearly involved about the fitting points, it appears they really underestimate their significance in each class.

Once folks truly make the leap, they admire much more how a lot they want nice recommendation in all of those areas.

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Asking for assist

So the place can you flip for assist when it comes to beginning your individual enterprise and making it a success?

The Australian federal authorities gives a helpful guide to starting a business, which is a wonderful place to begin. It contains an in depth guidelines that covers all the things from:

• Planning and registering your online business
• Sorting out your funds
• Setting up your operations

Also take a look at the Australian Taxation Office web site. It presents loads of strong tax-related recommendation when it comes to starting your own business.

It’s useful to discover a good enterprise accountant who understands the complexities of organising and operating a small enterprise in Australia.

An amazing accountant will be price their weight in gold when it comes to structuring your online business and tax planning.

It’s additionally price checking whether or not there’s an trade physique or union that gives recommendation and assist for small companies. There may additionally be a native small enterprise house owners’ affiliation in your neighbourhood.

Turn to GoDaddy for excellent recommendation

GoDaddy might help you construct a nice enterprise web site, however it additionally presents a wealth of knowledge and sources to assist you flip your aspect hustle into a success.

Helpful articles that ease your means

The GoDaddy Australia weblog contains greater than 400 weblog posts written by Australians who’re specialists of their fields. They might help you with:

You’ll additionally discover loads of nice recommendation on the place to search for enterprise funding and managing your taxes too.

Videos on beginning and rising a enterprise

Building on this are the in depth GoDaddy How To Guides, which offer a big selection of programs which can be damaged into a number of classes. These programs cowl all the things from being an entrepreneur to understanding advertising and creating a content material technique to maintain your web site contemporary.

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Live assist by telephone or chat, day or evening

Finally, you can even flip to the web GoDaddy Help Centre if you get caught. GoDaddy’s skilled specialists can be found 24 hours a day, 7 days a week through chat or telephone.

Ready to make a totally different future?

Embracing your aspect hustle and beginning your individual enterprise can appear daunting, however you don’t want to go it alone.

If you’re afraid that you don’t know enough to achieve success, it pays to do loads of analysis and to try all the good sources GoDaddy presents. Together we might help your large concept flourish into a nice success.