Thinking that 2019 may be a great year to start, build or repurpose your own business? We thought this post might help to provide some insights into being a business owner, with a handy little free checklist to consider if business ownership is on your radar.
If you are already in business, now is a great time to reflect on 2018, review and re-invent - get ready to shine in 2019!
Business owners have a capacity to leverage their time beyond what employees and the self-employed can do.
This doesn’t mean that being a business owner is better than being an employee or being self-employed, it's just different.
A business in its true sense can enable the business owner to be away from the business while it still functions effectively, creating continuing cash flow for the business owner. At the highest level,
A business benefits from being a structured and systemised operation which provides goods and services to people, without being dependent on one-person’s time or skill. Business owners need to be clear about their vision and positioning of the business in the marketplace.
If you predict a reducing demand for the goods and services you provide, it is necessary for the business owner to re-invent the business in order to “stay in business”.
Similar to the self-employed, a business owner benefits greatly through being proactive in the:
Further to this, understanding the needs and wants of people is priceless knowledge for the business owner.
Sound Life & Superannuation Agencies Pty Ltd trading as Sound Life Financial Services are
Corporate Authorised Representatives of Synchronised Business Services Pty Ltd
ABN: 33 007 207 650 trading as SYNCHRON
Principal address: Level 1, 65 Palmerston Crescent, South Melbourne Vic 3051
Australian Financial Services License Number: 243 313