Tips to help you stop startup overwhelm for your online business

By Vivian Michael | Online Business

Tips to help you stop startup overwhelm for an online business_

Here’s a concise guide to help you navigate startup tasks and stop overwhelm when setting up your online business. 

Focussing on your key tasks will help you stop overwhelm. So, here’s what you need: 

1. Structure and business name setup 

  • Structure - You need a business structure - you have the choice of company, sole trader, partnership and trust. 
  • Name - You’ll need to register your business name if you are going to use a trading name other than your legal entity’s name

2. Your website legals

Terms and conditions and a privacy policy are important to protect your online business.

And, you can stop any overwhelm about your legals in general because you can usually phase out your legals so that you don't have to pay for them in one go or spend time with your lawyer customising all of them in those busy early days. 

Terms and conditions

Your terms and conditions will cover items like: 

  • Disclaimers to limit your business’s liability 
  • Hacks 
  • Intellectual property - copyright, trademarks
  • Payment processes
  • Returns
  • Disputes 
  • Refusing service.
Privacy policy

Your privacy policy should be tailored to cover all the personal information that you are collecting on your website. This could mean information that you are collecting from customers or even prospective customers or subscribers that are living in the European Union - in this case, you’ll need a GDPR compliant policy. 

3. Financials

Good reporting systems will allow you to store data about your sales and feed into a good financial reporting system.

For example, if you are using shopify, you may want to have some way to track your sales revenue through a linked accounting system like xero or one of the others shopify allows you to link up to.

4. Workers

If you have workers completing work for you, you’ll need to get an employee or contractor agreement. 

Being 100% clear on the employment relationship upfront is essential. You don’t want a contractor thinking they are an employee or vice versa to avoid being liable for worker entitlements or a fair work claim for sham contracting. 

5. Advice

The above list is a simple guide for most startup online businesses. As always, get advice if you are in doubt. Accountants and lawyers are especially important for helping you get setup correctly. 

I wish you every success in your business ventures! 



About the Author

Vivian Michael is a lawyer and founder of Michael Law Group. Vivian's mission is to make quality business legal services accessible to entrepreneurs launching in Australia that would otherwise DIY, rely on legacy contracts or go without.

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