A new business – am I ready?

Clear Vision • March 18, 2016

If you’re currently an employee of a business there is a pretty good chance, at some point, you have considered starting your own business.  Whether it’s a great idea you want to try, a desire for freedom or a need to build a secure future for your family that drives you the appeal of running your own business is undeniable.

But are you ready? We’d recommend you contact Clear Vision if you’re considering starting a new business and we can walk you through the key issues and provide the guidance you need to get up and running.

But before that you should consider the answers to the following questions:

  • What type of business aim I going to start?
  • What product or service will I be selling/providing?
  • Is my idea feasible?
  • Is there a market for my product or service?
  • How much existing competition is there?
  • Do I have ALL the skills to run this business?
  • What will make my business different/attractive I the market?
  • Do I have the necessary finances?
  • What structure will my business have?
  • How will I protect my idea?

Consider these questions then give Clear Vision a call and we’ll get you ready for business!

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From 1 July 2025, the Superannuation Guarantee (SG) rate in Australia will increase to 12%. This means employers will be legally required to contribute at least 12% of an eligible employee's ordinary time earnings to their superannuation fund. This increase is the final step in a legislated rise from 9.5% in 2021 to 12% by 2025, aimed at boosting retirement savings for Australian workers. If you use Xero for payroll, the SG rate should automatically update in the system. However, we recommend you double-check your payroll settings to ensure everything is correct. If you’re unsure or need assistance, please contact your bookkeeper or get in touch with us at: Clear Vision Accountancy Group (07) 4688 2500 We’re here to help you stay compliant and avoid any costly errors.
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