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:
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.
Your terms and conditions will cover items like:
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.
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.
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!