Leave site
Alert notice

We're updating our fees: effective from 1 July 2024 there will be some changes to our fees. Learn more

Close navigation
2022-11-07 12:47 pm

Starting a business

Key considerations for when you're in that just-starting-out phase of business development.

A man and a woman work together on a dinner table, in front of them lays open books, pens and two laptops. A bowl of fruit and plants can be seen in the photo

Starting a business is a big undertaking, so you’ll want to have a plan and ensure everything is in place before you get too far down the track.

Government resources

There's some excellent information to assist with starting business at business.vic.gov.au/.

What you might need

  • Business plan
  • Capital
  • Materials
  • Enough money to pay yourself (and any employees) until you start making a profit
  • Office/work space
  • Relevant permits and licences
  • ABN or ACN

Some questions to consider

  • What interest rates are available on my business account?
  • When can I access my money?
  • Is my money safe?
  • What fees and charges apply?

A person holding a phone with Bank Australia digital banking on the screen