Setting up your business operations involves many different aspects.

• Buy or lease business premises
  The location of your business can be an important factor in its success. So you should carefully assess what's the right environment for your business.

• Order & purchase stock
  Efficient stock control is having the right amount of stock in the right place at the right time.

• Arrange insurance
  It's essential to arrange insurance when you're starting out in business - you should insure your company, your income and your commercial risk.

• Set up record keeping & accounting systems
  It's a legal requirement for you to keep records of your business transactions for a minimum of five years, so it's important that you have good record keeping practices in place.

• Hire staff
  Good employees can be your greatest asset, so recruiting and retaining the right person is important.

This information is brought to you by business.gov.au and Cairns Chamber of Commerce
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