Running A Small Business In Australia Or New Zealand?
April 11, 2012
by Justine Parsons
What you need to know …
In the case of New Zealand, we are a nation of small businesses and we have over 460,000 SMEs which employ fewer than 19 people. Australia as at June 2009 had 2,051,085 actively trading businesses of which a staggering 96% were small business (1,961,337), 4 per cent were medium-sized businesses and less than 1 per cent were large businesses.
Our respective governments need us to succeed in running our small business and the following sites provide some great tools, templates and free resources:
Trying to grow a small business can be difficult. Especially if your specialty lies in delivering the particular service or products that your company provides but not so much with business management and strategy. That’s where a little external help can go a long way. There are some great groups on LinkedIn specific to your country where you can draw on the expertise of professionals and discuss ideas, challenges and topics with fellow small business owners. You don’t need to be in this on your own!
The following checklist contains the basic requirements you need for running your small business effectively:
- Business Plan
- Marketing Plan
- Business Strategy
- Company Office Compliance (set of company documents to be located in your company’s registered office)
- Accounting System
- Company Policy and Procedures Manuals
- A list of experts you can call on for advice (i.e. accountant, lawyer, business coach or mentor, bank manager)
- Set of branded office templates
- NZ Small Business Research, Massey University, May 2010
- Key Statistics, Australian Small Business, 2011
Your Turn! Comment below on other items which are an essential part of your small business toolbox.