Action plan
What actions do you need to take for your small business?
Select any you’ve already completed and export the document for your follow-up.
No question text provided
- Consider all the ways I might grow my business and prepare a plan to research and get support
- Review the ATO small business benchmarks to help identify business growth opportunities.
- Consider conducting market research before developing new products, services or goods
- Look at my business turnover and identify when I might need to register for GST (if not already registered)
- Before hiring a worker, I must confirm they can work in Australia and decide whether I'll hire them as an employee or contractor
- If considering franchising, I need to review the law of contract, Franchising Code of Conduct and Australian Consumer Law (ACL)
- Consider potential results of selling capital assets, for example capital gains tax
- Recognise the importance of planning for a business structure change and what to consider before doing this