What type of business insurance do you really need?
What type of insurance does a start-up or small business really need? It depends on the type of business you are running – but you may need product liability, professional indemnity, directors’ and officers’ indemnity and cyber liability. If you have premises, merchandise and expensive equi...
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Costly mistakes when starting a new business – and how to avoid them
Five costly business mistakes and how to avoid them
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Looking for money for your new business idea?
There are several ways to fund a business: family and friends, grants, government programs, employee equity, awards, crowd-funding, angel investors, banks, and loans. For some innovators, strategic partnering and licensing may also be appropriate. Some useful links below. For monthly ...
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A DIY for Patenting Search
How do you do a patent search? Ideally your patent attorney or other professional will do this for you as they have expertise in this area. However, you can search the data bases yourself. Keep in mind that people call devices by various names – so be creative when searching. For example, an an...
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Non Disclosure Agreements – should you use one?
Do you need a Non-disclosure Agreement (NDA)? How can you get one? Yes – if you want to approach a third party with a view to manufacturing your product, or licensing your innovation, particularly if you don’t have any formal intellectual property protection in place. An NDA or confidenti...
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Someone “stole” my idea …. what can you do about it?
Intellectual Property theft is not as common as many innovators think. But if it happens, you need to know what to do, and where to get help. Firstly, do you actually “own” the idea? Do you have any intellectual property protection on your idea and how strong is that protection? Is it a grante...
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So … What do you call your business?
How do you choose a business name? Firstly, ensure you understand the difference between a business name, a company name, a trading name and a trade mark. Not sure? https://asic.gov.au/for-business/registering-a-business-name/before-you-register-a-business-name/trading-names/the-difference-betw...
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Tips for start-ups and SMEs for the end of the financial year
Get Ready – Tips for the end of the Financial Year If you are a start-up or SME you may want to consider what you can claim this financial year (30 June 2018). Here are some basics: A $20K asset deduction for the purchase of physical assets used in your business e.g. computers, phones, tools, [&h...
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What does it cost to start a business?
What does it cost to start a business? The costs you incur depend on many factors – including the type of business, your skills and resources, whether you need premises, equipment, staff, and the work involved in bringing your concept to market. In the early stages of a start-up boot strapping m...
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