1. Know the rules and regulations
To make sure your business is structured correctly and you’re following industry standards, here are some sources with the latest information.
2. Grab some expert help
You’re great at your trade and when it comes to business, other professionals can help. A mentor or business coach can build your confidence, an accountant can give expert advice about managing records and finances and a business banker can help you with financial solutions.
3. Find suppliers and manufacturers
Search the Australian Suppliers Directory at AusTrade, or check out the Industry Capability Network for suppliers in your trade. Alternatively, you can ask other business owners in your industry for their recommendations.
4. Attract customers
Many tradies rely on word of mouth to find new customers, but when you’re starting out, you can reach them through social media advertising, letterbox drops or search engine marketing and track results to see what works for you.
5. Do the right thing by employees
Whether you employ a full-time apprentice, part-time help or a contractor, you’ll need to comply with award conditions. Check your current obligations, including tax and superannuation, at the ATO.
6. Apply for funding
As a trade business owner, you could be entitled to Australian government grants and incentives. Find grants, rebates and concessions you might be eligible to claim, visiting Benefits Finder or Grants Assist.
