Starting a business

Did you know Maroondah Maroondah supports over 40,000 jobs and has an annual economic output of over $14billion?

We're here to help you confidently set up a new business with resources and information to guide your informed first steps.

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Out tips for confidently setting up a new business

Develop your skillset

There are no guarantees in business, but often it's what you do before you get started that will ensure those vital first steps are on the right path for the best chance of success. Attend one of our events or workshops to develop your skills across a range of areas in business.

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Research

Market research allows you to identify your customers, your competitors and your industry. The results of your research will give your business direction and help you stay on top of what your customers want, and how much they're willing to pay for.

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Decide on your business structure

Depending on the nature of your business, choosing the right business structure can help put your business in an advantageous tax and legal position. Also, think about whether you want to lease or buy a premise or run your business from home.

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Complete a business and market plan

Take time to write your business and market plans – this is a crucial step in establishing a new business. These plans will help you from working out the common costs when starting a business to articulating how you propose to deliver your products or services.

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Determine if you need a business name

If you intend to use your personal name as a business name, there's no need to register it with the Australian Business Register.

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Identify the registrations you may need for your business

Find out about licences, regulations, council approvals and compliance requirements to help you start, grow or close your business.

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Obtain the right business insurance

Different businesses have different insurance needs. Find the right insurance to ensure you can continue to trade during business interruptions such as fires, injuries and litigation.

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Seek support

Book a time to see a business mentor to discuss your business in a free confidential 45-minute one-on-one session.

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Visit the Australian Government business website to look at the Starting a business guide to assist your business.

Visit the Business Victoria website for more checklists and templates.