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Build Grow Run

EFS Richmond / Tweed (Tweed Heads)

  • About Usentrepreneurship facilitators logo

Build my business

When you start your small business, you need certain resources to ensure its success.

Do you have these resources needed to start your business now?

This page is a great place to start, along with our guide 17 Point Checklist to Starting Your Own Business. Download it below.

17 Point Checklist

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Idea

Your business idea will drive everything. Is it really solving an issue or, enough of a unique selling point? It is your idea that sets you apart from your competitors, attracts customers and is your reason for existing. It’s a very important part of starting your business. If your business is not unique enough, or doesn’t have a clearly defined target audience you may well not succeed.

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Business plan

Do you have a business plan? This is essential. A well-written business plan will also provide you with benchmarks so you can check your progress throughout the year. See the below information about the MAUS MasterPlan Lean software we use and the brochure in our Free Resources section.

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Structure

What’s the best legal structure for your business. Will you be a sole proprietor, have a partnership or choose to incorporate? Investigate your options with a lawyer or an accountant. Financing decisions will be affected by the type of structure you choose. Once your business structure is finalised, you will be able to apply for the appropriate, tax identification numbers and other legal requirements.

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Capital

Capital is money in the bank or money you can access. You will need a sufficient amount of money to pay expenses until your business becomes profitable. These funds may come from your own savings, friends and relatives, loans or private investor financing. For the majority of entrepreneurs, this money comes from themselves or friends and relatives.

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Customers

Every business needs customers. They should be the lifeblood of your business; customers and their purchases will determine your ability to meet financial projections. If you are just getting started in business, know who will buy your product, where you can find them and how you will reach them. This market research will enable you to analyse the markets to target with your marketing and advertising tactics.

Do you need a business plan?

Masterplan lean

Create an investor-ready plan that is guaranteed to have the wow factor!

The majority of entrepreneurs and business owners have an idea and often that is all….it’s a ‘snapshot’ of what is possible, however to be a business success requires more. We want to convert your idea into a vision and a plan for you and others.

lean work flow

To make this possible we endorse MAUS MasterPlan lean which is challenging the status quo of contemporary business planning. This latest cloud-based version uses a simple question and answer format to lead you through the entire planning process, producing stunning business plans, financials and accountability “to do” lists. This makes old style 60 page plans irrelevant for today’s business culture.

Watch the product video

For more information download the MAUS Masterplan Lean product brochure below.

MasterPlan Lean brochure

Ready to go further?

Below we have included some initial advice regarding different stages of your business.

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Grow your business

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Run your business

buildgrowrun

✨Providing no cost advice to new businesses
✨Free action planning, access to workshops and more
☝️Start and grow your business
👉 Tag #buildgrowrun

Buildgrowrun | Phil & Ellie
A friendly reminder! Be a doer and not just a drea A friendly reminder! Be a doer and not just a dreamer! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Type yes if you agree ⬇️⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#goaldigger #doittoday #goaldiggers⠀⠀⠀⠀⠀⠀⠀⠀⠀
#beallthatyoucanbe #slayyourgoals #nomoreexcuses
A global pandemic, our first recession in three de A global pandemic, our first recession in three decades and unprecedented upheaval. Obviously, the number of businesses going under skyrocketed, right? Wrong.

Massive economy-saving programs like the $90 billion JobKeeper wage subsidy and 'safe harbour' laws that protected businesses through the uncertainty of the pandemic meant the number of insolvencies fell almost in half.

But those programs, and protections, are over.
For many small businesses, tough decisions now need to be faced.

𝗥𝗲𝗱 𝗳𝗹𝗮𝗴𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗳𝗼𝗿
According to Ms Farmer, there are several 'red flag' indicators that can tell business owners they need to seek help.

◾️Faltering cash flow:
"Does the company have sufficient cash to pay its debts as and when they fall due? That's the very definition of insolvency used in the Corporations Act."

◾️Not opening mail or answering the phone:
"They're not wanting to see letters of demand and statutory demands, so there's an element of mental depression about how to deal with matters."

◾️No more credit:
"If the business is running at maximum overdraft and can't get any other finance, that's an indication."

𝗚𝗲𝘁 𝗵𝗲𝗹𝗽 𝗲𝗮𝗿𝗹𝘆
"Almost always, small business seek advice too late," said Shabnam Amirbeaggi, managing partner of insolvency practice Crouch Amirbeaggi.

𝗧𝗼𝘂𝗴𝗵 𝗔𝗽𝗿𝗶𝗹
There are more reasons April will be difficult for small to medium businesses (SMEs).

Many supports including state-based grants, payroll tax relief, rent deferral and Tax Office payment deferments have ended or been trimmed back.

𝘚𝘰𝘶𝘳𝘤𝘦: 𝘩𝘵𝘵𝘱𝘴://𝘸𝘸𝘸.𝘢𝘣𝘤.𝘯𝘦𝘵.𝘢𝘶/𝘯𝘦𝘸𝘴/2021-04-09/𝘫𝘰𝘣𝘬𝘦𝘦𝘱𝘦𝘳-𝘨𝘰𝘯𝘦-𝘸𝘩𝘢𝘵-𝘯𝘰𝘸-𝘧𝘰𝘳-𝘴𝘮𝘦𝘴-/100055776
𝘉𝘺 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘳𝘦𝘱𝘰𝘳𝘵𝘦𝘳 𝘋𝘢𝘯𝘪𝘦𝘭 𝘡𝘪𝘧𝘧𝘦𝘳
Don't know you're above the line from your below t Don't know you're above the line from your below the line?⠀⠀⠀⠀⠀⠀⠀⠀⠀
Have heard about marketing, know you need to understand it, but don't have a clue where to start? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Then our Marketing 101 Workshop is for you. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗪𝗵𝗮𝘁'𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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◾️ An overview of what marketing is⠀⠀⠀⠀⠀⠀⠀⠀⠀
◾️ The fundamentals of marketing⠀⠀⠀⠀⠀⠀⠀⠀⠀
◾️ Explanation of the marketing channels you can use⠀⠀⠀⠀⠀⠀⠀⠀⠀
◾️ The 7 basic steps in a marketing strategy and tactical plan⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗪𝗵𝗼 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝘁𝘁𝗲𝗻𝗱?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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◾️ People with no or little understanding of marketing. This is aimed very much at the beginner.⠀⠀⠀⠀⠀⠀⠀⠀⠀
◾️ Gives an overview of what marketing is, the channels to use and the top tips per channel.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Delivered by Ellie Corley, coach and business advisor at Build Grow Run. Ellie has over 20 years of experience running high profile global marketing campaigns for Virgin, where she was Global Communications Director for Richard Branson's private office, researching and launching his book 'Screw Business As Usual', all about business as a force for good. Ellie has also handled high campaigns aimed at creating behaviour change for the UK government on topics such as, reducing energy consumption and beating bullying in the workplace. She has also worked at a senior level managing the reputations of some of the world's biggest brands. Ask any burning questions you have about all things marketing in this 2-hour advice session.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Reserve your slot and Register now!⠀⠀⠀⠀⠀⠀⠀⠀⠀
Email us: phil@buildgrowrun.com.au⠀⠀⠀⠀⠀⠀⠀⠀⠀
 ellie@buildgrowrun.com.au⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Limited spaces and a free workbook for all attendees.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#marketing101 #marketingideas #marketingplan #marketingstrategies #growyourbusiness⠀⠀⠀⠀⠀⠀⠀⠀⠀
#growbusinessonline
Continuing on from our last two posts, some more t Continuing on from our last two posts, some more tips from Kelly Crethar on Accounting Basics...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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You’re in business if your activity, as a whole, is commercial with an aim to make a profit. Consider these key questions to determine if you run a business:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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▪️Is the activity you undertake for commercial reasons?⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️Is your main intention, purpose or prospect to make a profit?⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️Do you regularly undertake your activity?⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️Is your activity planned, organised and carried out in a businesslike manner?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you're running a 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 the following key benefits will apply to you:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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▪️You can apply for an ABN to use in your business transactions and register a .com.au website once you have an ABN. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️You have access to government information, services and concessions for Business. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️You can establish a business identity when selling to customers and other businesses. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️You can claim tax deductions for business expenses against your taxable income. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
.⠀⠀⠀⠀⠀⠀⠀⠀⠀
.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#smallbusinessadvice #smallbusinesscoach #smallbusinessaustralia #tweedheads #northernrivers
Continuing on from our last post, some more tips f Continuing on from our last post, some more tips from Kelly Crethar on Accounting Basics...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Cash is king: Cash flow management, budgeting and forecasting to keep your business running. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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There are different types of invoice these will helps to protect your business's cash flow, maintain good records and meet your tax obligations. An invoice is a record of purchase that allows your customers to pay you for the goods or services that you’ve provided. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗶𝗻𝘃𝗼𝗶𝗰𝗲𝘀 - a business that is not registered for goods and services tax (GST), your invoices won’t include a tax component. They should not include the words 'tax invoice'.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗧𝗮𝘅 𝗶𝗻𝘃𝗼𝗶𝗰𝗲𝘀 - include the GST amount for each item along with some extra details. You need to provide a tax invoice if the purchase is taxable, the purchase is more than $82.50 (including GST), a customer asks for a tax invoice, and If your customer asks for a tax invoice and you’re not registered for GST, show on your invoice that there is no GST. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗦𝗼𝗺𝗲 𝘁𝗶𝗽𝘀 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗽𝗿𝗲𝗽𝗮𝗿𝗲 𝗳𝗼𝗿 𝗶𝗻𝘃𝗼𝗶𝗰𝗶𝗻𝗴:⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️ Using accounting software to help you manage invoicing and recording customer sales.⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️ Set up a business bank account⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️ Get details from your customer such as their name, address, phone, email and ABN (needed for tax invoices).⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️ Choose your accepted payment methods and payment terms.⠀⠀⠀⠀⠀⠀⠀⠀⠀
▪️ Once a customer receives their goods or services, contact them to make sure there are no issues or defects. This will help you avoid disputes and delays in getting paid. It’s also good customer service.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#accountingservices #byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #cashflow101 #cashflowmanagement
After our recent workshop with Kelly Crethar on Ac After our recent workshop with Kelly Crethar on Accounting Basics for Business we were inspired to share with you some tips that she gave us! We hope you find this useful! Drop your comments below if you do!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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A hobby is a pastime or leisure activity conducted in your spare time for recreation or pleasure. And once your hobby becomes a business, you may need a to  Licences and Permits specific to your type of Business.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗬𝗼𝘂 𝗰𝗮𝗻 𝗺𝗮𝗻𝗮𝗴𝗲 𝘆𝗼𝘂 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗵𝗼𝗯𝗯𝘆⠀⠀⠀⠀⠀⠀⠀⠀⠀
A business collects the seller's Australian business number (ABN) when it makes a purchase. If the seller can't provide an ABN, then a business must withhold the top rate of tax from the payment for any total more than $75 for tax purposes. If you're not in Business and don't have an ABN, you need to provide evidence that your activities are a hobby. If you don't provide evidence, the payer will withhold the top rate of tax from their payment to you. Provide a Statement by a supplier form to notify the payer that this payment contributes to your hobby.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄?⠀⠀⠀⠀⠀⠀⠀⠀⠀
You don’t need to declare the income amounts you make from your hobby to the Australian Taxation Office (ATO). You can’t claim any losses from your activity if it’s a hobby.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Income-earning hobbies can sometimes grow into businesses. Make sure you track any change in income or practices to ensure you’re aware of your obligations before they happen.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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𝘚𝘰𝘶𝘳𝘤𝘦: 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘉𝘢𝘴𝘪𝘤𝘴 𝘧𝘰𝘳 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘣𝘺 𝘒𝘦𝘭𝘭𝘺 𝘊𝘳𝘦𝘵𝘩𝘢𝘳⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #northernriversbusiness #hobbyintobusiness

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Visit us

Habitat – 32 Fullerton Lane
Byron Bay NSW 2481

Note: Before visiting our office please read the “Prior to visiting” instructions on our contact page.

Phil Daly

M: 0412 667 864
Office hours:
Tues. 1pm – 5pm
Wed. 10am – 5pm
Thurs. 10am – 5pm

Ellie Corley

M: 0475 841 664
Office hours:
Mon. 10am – 5pm
Tue. 10am -2pm
Fri. 10am – 5pm

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