Small Business Profile

In this area you should write your small business profile. This area should describe your business and what it does. It should cover such areas as;

1. What the business activity is:
Describe in detail what the business is providing in the way of goods and/or services.

2. The ownership structure:
How is the business set up? (sole trader, partnership, company etc).

3. The business name:
And how this came about.

4. The business location:
Where the business is located (or locations if more than one). Premises type, owned, leased or rented and a snapshot of the facilities and equipment etc.

5. Relevant business history:
How the business got started and also provide here the annual sales turnover and profit from the past years (if available). Also a forecast of future sales and expected profit 1 - 2 years out.

6. Legal requirements:
What are the legal requirements to operate the business? Licences, permits, business or company name registration, ABN and GST registration, PAYG requirements (Australian Tax Office).