Starting a Business - Business Fundamentals

Learn about what small businesses are in Australia.

Understand the different types of businesses, how they operate and both the advantages and disadvantages of each business model.

Look at the ways in which small businesses positively effect the economy.

Learn how to identify profitable opportunities to find your business idea.

The customer is the cornerstone of a successful business. Learn how we can understand their needs.

Determining whether your business idea is truly feasible is a vital step before investing time and money into starting it.

Understand the purpose of a business plan and the importance of creating one.

Identify and delve into the key components every business plan needs.

Understand what businesses must do to register as a legal business.

Without funding starting a business may get quite difficult. Learn about what needs to be considered to decide how you should fund your business.

Learn about the ‘Self-Funding’ funding solution.

Learn about the ‘Debt Funding’ funding solution.

Learn about the ‘Equity Funding’ funding solution.

Recognise common marketing methods many companies use and look at the key components in marketing plan.

Look at the different types of online and social media marketing and learn about strategies to measure marketing success.

Understand the hiring process, how to correctly onboard new employees and grasp the legal responsibilities involved.

Keeping track of finances is crucial for a business to ensure profitability, maintain cash flow, make informed decisions, and achieve long-term sustainability.

Whether you are looking to set clear goals or make informed decisions, planning for success is imperative when running a business.

Correctly developing an exit strategy is essential when considering risk management. Review different exit strategies business owners typically use.

Look at how entrepreneurs have been able to build extremely successful businesses by following fundamentals of business which have been discussed throughout this course.