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The Australian Journal

GETTING STARTED

Starting a new business in the modern age involves a raft of additional things to consider than days of old. The many interwoven dimensions including type of entity, tax registrations and other government compliance or regulations, social media strategies together with other elements, mean you have to consider very carefully from the outset what your strategy and plan is going to be.

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ESTABLISHING A WEBSITE

Websites and your online identity: before you establish a business, build a great website. If you have an existing business, make sure you spend some time on maintaining a virtual identity – it’s your online profile – project your business culture, service quality, people and products well. Properly thought through and maintained, it can be the most inexpensive and valuable form of marketing and advertising, with almost limitless potential.

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BUSINESS OR FRANCHISE ACQUISITION

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more detailed understanding of the figures.

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REFINANCING MORTGAGES & LOANS

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that

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STAYING ORGANISED

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that

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FORWARD PLANNING

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that

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MANAGING REMOTELY

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that

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BEING AN ENTREPRENEUR

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of Financial Accounting Concepts No. 1, are to provide information that

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