Saturday, June 19, 2021

How to Start a Business in Gold Coast

The Gold Coast is the sixth largest city in all of Australia.

The economy on the Gold Coast has boomed and there is around $13 billion invested in infrastructures. The current population is 540,000 and this is said to double by 2050.

This city is beautiful and there is a relaxing lifestyle. This is why many people are looking to begin their business here. There are around 60,000 entrepreneurs in this city.

There is a step by step plan to help a person begin their business.

Step 1 Goals and Planning

You need to think about what you want from a business, where you want to be, and how you are going to get there. To do this you will need to develop a business plan. This will help you gain support for your business and set future goals.

There is information on the Australian Government’s Business Portal that can help you. There are directions on how to write a business plan and a template to help with your plan.

#2 Training and Experience

You are going to need to have some knowledge before you begin your business. You need to think about how you are going to teach your employees and share your skills with them.

You need to have some basic knowledge and experience to reduce the chance of failing and being lost.

You should look at your skills and see if they relate to your business. You can then look at the type of training your employees are going to need and if you can provide them.

There are also some Gold Coast training programs that you can complete. You can also check out some blogs, webinars, and local business events to help.

Some of the local schools include EIM training, People in Performance, and Gold Coast Training College among others.

#Step 3 Do some research on the market

If you do some research on the market this will help determine if there is a chance for your business. There are some free resources to do your research. They include a market research kit and the Gold Coast economy ID.

There is also a lot of information that can be found at the Department of Employment and the Education Queensland center.

#4 Look at the Finances

You are going to want to see how much it will take to get your business going and where you can get this money from. Are you going to need several sources for funding? How will you continue to finance and operate your business?

You can apply for financing and understand the different sources.

# 5 Begin Networking

Networking is a very important part of the business. People that network is often more successful.

You need to network early and often. This will help get the word out about your business and help you attract new clients.

There are many organizations where you can network including Young Professional Gold Coast and Institute of Business Leaders.

#6 Starting the business

When you are ready to open the business there are many things to keep in mind. You are going to need a location, a name, and all the proper licensing. You will need to make sure this is done correctly so you do not have any issues as far as taxes and liabilities.

You can check out Queensland government website for ways to begin your business.

There are some key things to keep in mind.

You need to decide on the structure of the business. An advisor or a lawyer in Gold Coast can help you select the one that is best for your business.

You will need an attractive name that is easy to search for. You will need to search the trademark database to make sure your name is not already used.

You are going to need to register the business name with the Australian Securities and the Investment Commission.

You are also going to need to register the business. You should also be aware of any licenses you may need. You may also need specific permits to operate on the Gold Coast.

You need to register your business with the Australian Taxation Office,

You will also need to register any trademarks or intellectual property.

You will need to do a domain search and register the name of your business. This will also help secure the name of your website.

Step #7 Learn About Grants and Awards

If you state a business on the Gold Coast the City has a lot of support for you. There is also state and federal support for your business.

There are some programs that you may be eligible for and will help your business grow.

You may want to begin by looking at Export Assistance programs and Trade and Investment programs. You can also check with the Australian government for grants.

It is a good idea to attend the Tendering for Government Business Workshop to find out more information about this process.

There is a Grant Finder that will show over 500 grants from the different forms of government.

If your business is successful you can also get grants and awards this way.

#8 Finding the Best Location

When it comes to location you are going to need to see foot traffic, visibility, and the demographics of the area.

You will want a good space to get attention.

A business needs to understand the local government and the planning areas.

There are some strategic planning guides to help you find the right location. You can begin by looking at the City Draft Plan.

# 9 Branding and Marketing

You can have the best products or services but it means nothing if no one knows about it. You need to find a marketing plan that fits your business. You want to show others the benefit of your brand and find your target market.

You should begin with the marketing guide template and also look at the social media guide to marking.

Also Read: How to Get College Scholarships during hard times of COVID-19

 

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