For many start-ups, getting your business going can be challenging. You have to learn everything about the industry you're in along with managing your own finances while overseeing your marketing activities, trouble shooting IT issues and coming up with your own business card designs.
You don't have to do it alone. There are a number of resources out there that can help a new enterprise get started in Australia.
Small Business Support Line
The Small Business Support line was established in 2009 to offer businesses additional support during the global recession. It gives advice and tips on finance and cash flow management (including loan and banking products), marketing and promotional idea; business planning and diagnostic services; legal, accounting and taxation service as well as information on government regulation for businesses.
Small Business Credit Complaints Clearing House
The Small Business Credit Complaints Clearing House gives small business operators a forum to discuss their concerns over the difficulties of accessing and the high costs of bank finance. Operators can lodge a complaint online or on the phone.
Small Business Scam Watch
Because of the nature of a small business, some owners may not be particularly clued-in to all of the particular goings-on associated with their day-to-day business operations - which can leave a number of holes for scammers. Examples of small business scams include fake invoices, office supply scams and exorbitant fax back charges.
Businesses that are having trouble getting approval for a loan may find it easier to pursue different options. For example, many suppliers offer some form of vendor finance so payments can be made in monthly instalments instead of all upfront. Other lending services can help with the leasing of capital equipment, such as office equipment finance for IT equipment, printers and fit-outs.