Starting a business
Before you start
Gathering ideas
The first steps are the biggest – and it generally starts with a great idea.
Tips for starting up
Get some top tips and handy hints from experienced business owners.
- 4 benefits of being in business
- 10 tips for when you start your business
- 5 tips from experienced business owners on starting a business
- 5 reasons why you should have a business mentor
- Three ways property mentoring can help you succeed in the industry
- ChefPrep’s three top tips for starting a side hustle
Set up your business with 12 months of free subscriptions
Get 12 months free on a Lawpath Essentials plan + free ABN registration (valued at $518^) and a MYOB plan (valued at up to $696^ after you pay the first month) with a $0 monthly fee Westpac Business One transaction account.
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Business planning
Setting up
It’s the preparation you do and the decisions you make, that will set you on the road to success.
Planning
A business plan gives you the foundations to reach your business goals – and helps keep you on track.
Setting up your business banking
Everyday banking
Get help finding everyday banking products and services that match your business needs.
Savings and transfers
Make the most of your business income with the right mix of bank accounts.
Credit cards
Learn about some of the features available when choosing business credit cards.
Online banking
Help with setting up your business banking online.
Business finance
Managing set up costs
It pays to start with a clear idea of the costs involved, both to start the business, and to keep it running.
Business loans
Does your business need a cash injection? We’ll guide you through some finance options worth considering.
Managing stock
Ideas to help you move and purchase stock – with better cash flow in mind.
Tax tips for EOFY
Tax tips to help you prepare for the end of the financial year.
Getting paid
Taking payments
Learn about taking payments at the counter, on the move, and online.
- 8 questions to consider when shopping for an EFTPOS machine
- What is a POS machine and how can I compare POS terminals?
- Comparing cash with EFTPOS card payments in a business
- How can I take payments in my business?
- How to accept payments when you're a mobile business
- How can my business take payments online?
- Integrated POS: How a café with a ‘pedigree’ now takes now cashless payments faster
Receiving payments
Explore options for receiving payments from overseas.
Making payments
Learn about some of the options available to you for making payments.
Making sales
Here are some sales and pricing strategies you could consider for your business.
Invoicing your customers
Handy invoicing tips
Getting your invoicing right could help speed up payments and support cash flow. Read our tips.
Invoice template guides
Business invoice templates must feature specific details according to government guidelines. Learn more here.
Sending trade invoices
A smart looking invoice reflects the professionalism of your business. Here’s how to create one.
Hiring people
Planning to Hire
For that first hire and how to go about it, here are a few things that might help.
Hiring
Here are some ideas designed to help you through the whole hiring process.
Onboarding
Read our tips on getting new talent onboard and benefitting from ongoing development.
Products for starting up
Need help finding the right product?
Westpac supports business
Things you should know
General advice: This information is general only and does not constitute any recommendation or advice. It is current at the time of publication, and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to these matters. Consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this document, including when considering the finance options for your business.