Small Business Briefs

Small Business Briefs are easy-reference summaries of information that will help you quickly. You can also find these Briefs alongside the detailed, corresponding information on this website.


Applying for finance                                                                         

Applications for finance should provide a potential lender with sufficient information to adequately assess the applicant and the viability of the business venture.


Business Security                                                                             

A well planned security strategy is essential protection for small business. Taking pre-emptive action in potential risk areas will minimise the posure to fraud and assist with crime prevention.


Business Starters Checklist                                                              

For many people, the idea of going into business is appealing because it seems to offer direction and control over their lives. Sometimes the reality can be the opposite. So prepare yourself and your idea before risking your funds, by gathering as much information as possible prior to making any commitment.


Buying a Business                                                                                                                                               

Buying an established business is a big commitment. The following points will help you to research and assess the business opportunity, and assist you to make an informed decision.


Charging customers credit card fees                                               

From 1 January 2003 merchants have been able to charge a fee when customers elect to pay by credit card. What is important is that the customer is made aware of the charge before the transaction is entered into.


Credit management                                                                           

Credit management is implementing and maintaining a set of policies and procedures to minimise the amount of capital tied up in debtors and to minimise the exposure of the business to bad debts.


Dispute resolution                                                                           

Disagreements between traders are common. Many are amicably resolved and do not become a major hazard to business survival. Difficulties usually arise when there is a serious and complex dispute over money or contractual obligations.


Employment                                                                                      

Volume of work, customer demands and plans for future growth may require you to employ an additional worker or workers. There are many issues that should be considered before making a commitment


Exporting: the 10 Commandments                                                      

Many Australian products and services can now compete successfully in the world marketplace. However, export success does not happen by accident. A well planned and executed export strategy is required to maximise the chances of capitalising on opportunities overseas.


Image for group buying websites

Group Buying Websites                                                                      

Are you thinking of entering a contract with a group buying website? We have devoloped '10 TOP TIPS' for small business operators thinking of offering their products/services on group buying websites.


Government Assistance                                                                     

There is extensive government assistance for small business in the form of free or low cost advisory, guidance and information services. Some state and federal government financial assistance programs are available, usually providing specific purpose funding for existing businesses.


Importing: the 10 basic steps                                                            

Importing is often thought to be easier than exporting and perhaps in some ways it is. But there can be many traps for the unwary and inexperienced and it is therefore most important that you understand the basic steps before you even think about placing an order.


Insurance for Small Business                                                              

Workers’ compensation for employees and third party motor vehicle insurances are compulsory. Additional insurance cover may be required by some third parties, for example, finance companies, landlords and some professional bodies. Other business insurances are at the option of the business owner.


Leasing Commercial Property                                                            

A lease for your business premises is vital and is usually central to the goodwill, value and future sale of the business. It is a legally binding contract.


Market Research                                                                               

Market research is the collection and analysis of relevant information to enable you to make informed business decisions.


Partners in Business                                                                         

A partnership can be a satisfying, profitable and enduring form of business relationship. But to avoid conflict and misunderstandings, partners should agree on the terms and conditions that will apply to the partnership, and put the agreement in writing, before the business commences.


Recovery of Debt                                                                                

The Magistrates Court of Western Australia began operating in May 2005. It amalgamates the former Court of Petty Sessions, Local Court and Small Claims Tribunal into a single court. This Court has multiple registries located around Western Australia to deal with various criminal and civil matters, including claims for debts.


The Name of the Game                                                                       

In an increasingly competitive world it is important you select a name for your business that has impact, is memorable and distinguishes your product or service from your competitors. A name can be a business name, company name, trade mark or domain name. It is important to understand the differences between each, what each offers in terms of protection or exclusivity and how to register those appropriate to your business venture.

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