When starting a new business you must ensure you meet all the administrative, financial and legal requirements. To start a bricklaying business you will need to consider a few key things, including your business structure and other fundamentals. Keep reading to kickstart your bricklaying business.
1. Business Basics
First you need to decide on a business structure. Consider whether you will operate as a sole trader, partnership or company? You should contemplate which structure will work best for your business goals.
Secondly, you should determine the location of your bricklaying business. You should consider the size and location of where your business will be. You will require a large amount of storage for equipment and material. You should consider if you will buy or rent and how this will affect your expenses in the short and long run.
Next, you will need to register for an Australian Business Number (ABN). Registering an ABN is a simple process, and your business will be able to gain benefits such as tax benefits.
Now you need to decide on a business name. Once you decide on your name, you can check the availability of the business name you have chosen. If the name is available, you can then register your business as a trademark to ensure that you have the exclusive rights to your business name throughout Australia.
2. Licences and Permits
When starting any business you should always check if you require any licences or permits. You need to contact your local council in order to find out what licenses and permits are legally required for you to operate as a bricklayer.
Getting insurance is one of the most important steps to setting up your business. In bricklaying, accidents can and are likely to happen. Therefore, it is vital that you protect yourself and your business from any legal action. Firstly, you will need a type of public liability insurance, this will be beneficial for customer and staff injuries as well as any damages to your customers properties. Then you will need a form of coverage for all your equipment to protect against loss, damage or theft.
4. Source Your Equipment
To run a bricklaying business you are going to need products. Firstly, you must organise a supplier who will provide the bricks and other materials you will use for each customer. Secondly, you must consider the type of fixtures and equipment you will need to operate your business. You should do your research to find the best deals to optimise the profitability of your business.
5. Hiring Employees
To run and expand your business smoothly you may want to consider hiring staff. You should consider how many employees you are looking to hire and what type of employment they will receive such as full time, part time or casual. You will then need the appropriate employment agreements drawn up and signed.
6. Market Your Business
Now all you need are customers. A strong strategic marketing plan will allow you to consider the most effective advertising method to reach your target market. You may decide to start a social media page or put an advertisement in your local newspaper. Another simple and effective approach of reaching new customers is through word of mouth.
In conclusion, starting a business is an exciting experience. If you are looking for further assistance with any aspect of your business, contact a business lawyer today.