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.

Things you should know

  • This article represents opinions and views of the customer's personal experiences only and has been prepared without considering your objectives, financial situation or needs. Before acting on this information, consider its appropriateness to your circumstances.  

    Rates are subject to change. Fees, charges and Terms & Conditions apply. 

    Commercial Lending products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. You can view the Business Lending Terms and Conditions our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Full Terms and Conditions are included in the Loan Offer. Bank fees and charges may apply.

    Online applications are subject to eligibility criteria and occur via BizExpress. BizExpress is currently available for unsecured loans up to $250k and $1m secured by residential or commercial property. The loan must be wholly and predominantly for business purposes.

    Commonwealth Bank of Australia ABN 48 123 123 124.