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Unit 11, 61 Flynn St, Wembley, WA, 6014
08 9242 2085

Yearly Archives: 2019

5 Steps For An Indigenous Organisation To Start A Business

5 Steps For An Indigenous Organisation To Start A Business
Are you planning to start a new business, either as a commercial business as part of your Indigenous corporation or as a social enterprise, or even as your private Indigenous-owned small business? A for-profit commercial business, even a social enterprise where you reach out to external "customers" in an enterprise that generates benefit for your members, is quite different from a community-controlled organisation that provides services to members. There are significant considerations such as the appropriate and separate legal structure that you would need that would separate the risks of an enterprise from the assets of your organisation. Even if you want to start a private business for yourself or your family, structuring is an important consideration so that you protect your family from the risks of the business. You need to take the proper advice about how to manage these risks. This article is about the steps you should take to ensure that your idea for the enterprise or business is feasible, and how to set it up so that it has every chance of success. Take these 5 steps as you start your considerations and planning. First, make sure that you understand what it takes to be in business for yourself, and assess your own...
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Small Business Owner or Employee of Your Business?

Small Business Owner or Employee of Your Business?
Most of my clients are small business owners and they might be surprised by the challenge in the title of this week’s article. Are you a small business owner – or are you actually a hard-working employee – for yourself? A lot of my readers won’t want to hear this, but you must hear it if it is the truth. What is the difference? What makes you a small business owner, and what makes you an employee of your business? Successful small business owners are driven. But then so are successful hard-working employees. But what drives them are two different things. A hard-working employee is driven to be good at their job. They take pride in a job well done. They work hard to make sure it is done well. They take pride in working on the details and working in the business. If you are working hard in your business, are you sure you are not merely investing in a job? As a mere employee, you may deeply and rightly believe that you are doing your best and working hard. You certainly are but you are working hard in your job, within your job description, within the parameters, working hard at the procedure or in the...
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OTS Management