How many shares do i need to register a company

How Many Shares Do I Need to Register a Company?

Australia ranks No. 3 among 181 economies for «ease of starting a business» according to a summary of a study entitled, «Doing Business 2009».

Indeed, it is relatively easy for anyone to set up a new company in Australia. Registration can be completed online and in as early as one day. Other business requirements such as business name registration and goods and services tax registration may also be completed online.

Existing corporation laws make it possible to register a company quickly. Unlike most countries, Australian law does not require a new company to have a constitution or a set of articles for its incorporation. Corporate seals for Australian companies are also optional now.

In other countries, regulatory agencies usually require incorporators of new companies to come up with a minimum amount to support an application for registration. This amount is divided into shares and must be verified by means of a bank certificate stating that the minimum paid-up capital is in deposit.

In Australia, however, this is not the case. Australian start-up businesses are not unduly burdened by strict minimum capital requirements.

Australian corporation law does not specify how many shares a proprietary company must have nor how many shares each shareholder must own or hold in his name. The only requirement is for a proprietary company to have at least one shareholder.

In the Form 201 to be submitted to the Australian Securities and Investments Commission, the applicant for company registration must also include a list of its shareholders and their respective shareholdings. A breakdown of the amounts paid and owed from each shareholder must also be indicated. There may be no minimum amounts required, but it is a practical measure for you to raise an amount that is sufficient for your company’s operations.

Once your shareholdings and those of your other shareholders are stated in the registration form, the same shall form part of your company’s details. Any changes therein will have to be reported within twenty-eight (28) days under pain of penalty. Furthermore, since your liability for your company’s obligations is limited by the value of your shares, you will have to keep all information about the status of your shareholdings current.

Another point to consider is how much capital you should be able to show to prospective business contacts. It is a fact that new clients normally consider the shareholder base of a company in assessing its stability. Meager capital resources may put your company at a disadvantage. Other companies also maintain minimum standards when dealing with new companies. They may consider capital size as a prerequisite for entering into business contracts with you.

Determining just how many shares should be issued and how much capital should be infused is a business decision for you to make. The right value should be an amount that is realistic to your shareholders, sufficient for your operations and acceptable to your clients.

This information will vary from country to country so make sure you research your local regions regulatory body before starting your company.

How to cold call with integrity — the way we’ve always wanted to do cold calling

How to Cold Call With Integrity — the Way We’ve Always Wanted to Do Cold Calling!

You probably never tell potential clients your real goal in calling them, but you don’t need to. They’re already aware, because we’re all sensitive when the phone rings and it turns out to be someone we don’t know.

In the old traditional training, we learned the latest techniques for making a sale. We talk to «prospects» rather than with people. And we «guide» conversations along rather than letting them unfold naturally.

The way we do this sometimes might even be called a bit manipulative. After all, we’re relating to another person while holding an ulterior motive of making a sale.

Where does honesty and integrity fit into this scenario? Well, most of us honestly believe in our product or service. But beyond that, we carry a somewhat artificial persona when we’re cold calling. We talk with people for the primary purpose of making a sale, and we’re not really interested in them or their world.

Doesn’t this make you feel uneasy at times? It does to me.

So let’s discuss some ways we’ve been trained in the traditional sales mindset that feel artificial and dehumanizing, and ways we can overcome them.

1. We intrude upon another person uninvited, with the goal of making a sale

It’s against our nature as human beings to create uncomfortable situations. We have a natural instinct for courtesy and connection It’s usually hard for us as regular people to call uninvited, because on some level it feels discourteous.

We can change that by changing our goal. What if our goal is not to make the sale, but to find out if we can help someone? This shift makes us more relaxed. And it keeps us in harmony with personal integrity.

2. We project ourselves as personable and friendly, while also holding an ulterior motive for securing a sale

There’s an inner conflict with integrity when we find ourselves using our connections with others for self-gain. So we can bring ourselves back into honesty and truthfulness by shedding ulterior motives entirely.

We do this by focusing on whether we can provide something that will benefit another person. We find out if they have a problem we may be able to solve. And if it turns out we can’t help with our product or service, we graciously accept the outcome.

By being honest and not playing a role, we find ourselves really liking what we do. And when our «ulterior motives» are simply non-existent, people are more open to trusting us.

3. When we meet someone new, we immediately talk about ourselves and what we have to offer

It’s actually not normal for us to start an interaction by launching into a self-focused monologue. As regular people, this just goes against our grain. Common courtesy dictates that initial conversations be dialogues, not monologues.

In normal conversations we would feel self-absorbed if we primarily talked about ourselves and what we have to offer. Yet in the traditional cold calling situation, it’s an accepted «norm.» We’ve been trained to read a script, follow a strategy, or give a sales pitch.

This really isn’t the way we’d like to relate to people, but it’s the way we’ve been taught.

We can break out of this artificial game of sorts by just being ourselves. Integrity and truthfulness means being authentic. We begin cold calling conversations with a natural focus on the other person. We find out their needs, and respond with genuine interest.

4. We «rev up» in an artificial way, hoping to carry the potential client along with us into a sales process

When we «pump ourselves up» with enthusiasm, it feels somewhat fake. It’s not our normal way of being, and it throws us out of integrity.

And we also appear artificial to potential clients. They become wary of possibly being maneuvered into a sales situation.

If we can navigate a cold calling conversation without such games, people will sense we’re trustworthy. They react warmly and unhesitatingly to a conversation that feels natural to them, and especially if it revolves around their issues rather than our agenda.

So how do we approach cold calling in the most truthful way? We stop being «salespeople» and become human. We engage in an honest dialogue rather than a monologue. We look for ways to help others, and we’re comfortable knowing that our product or service may not be an honest «fit» for them right now. And we stop playing roles, especially the «high enthusiasm» game.

This is what I mean by bringing integrity back into selling. It’s unbelievable just how rewarding both personally and professionally this can be.

How do i determine what to charge for my services

How Do I Determine What to Charge for My Services?

This is the most asked question people have when starting a service business. Pricing is always a tricky art. It requires research and experimentation. The wrong price could drive your customers away, or it could even break your bank. The right price could draw a ton of money and make some you very happy clients.

My own rates vary depending on the type of service I’m supplying, the location my customer lives in and the size of my customer’s business. My price always increases as my knowledge increases.

Some of my services are in high demand, so I can charge more. Some of my other services I am one in many that customers can choose from, so my rate needs to be more competitive. If I work for a larger company, they tend to be able to afford more. Individuals have smaller budgets.

What you charge is dependent on the market, as well as your own unique marketing and business angles. The best way to determine what price is right for your business is to do some research. The following suggestions should help you with your research:

1. How much is your service worth to your client?

Ask around. Ask your customers what they would be willing to pay for a particular service. Just come right out and ask or conduct a survey. Ask other businesses what they are charging for their services. Call and pretend to be a potential client. Find out how much they would charge you. Look for articles and forums in your field where you can ask other consultants what they are charging. Many will just come out and tell you or give you a price range.

2. How much is your client base willing to pay?

Price is generally based off of perceived value. If your customer is going to be saving money or making money from your product or service, then depending on how much they will make or save can determine how much they are willing to pay. In some areas of service, charging too much can cause your customer to go to someone cheaper. In other fields, not charging enough can cause your customer to think your quality isn’t what they are looking for. You need to remain competitive and stay within the normal range of your services.

3. Are you charging enough to make it worth your while?

The important part of owning a service business is to make a profit. You need to take a look at your expenses. Make sure that what you charge is more than what you are bringing in. A good formula to follow is:

Expenses + Time + Knowledge = Price

Expenses: Your price should take into consideration any expenses you will incur. Time: The time you plan to spend on the project should be taken into consideration.

Knowledge: Your price should be commensurate with your knowledge. If you are bringing years of experience to the table, your price should reflect that.

When deciding how much to charge do your research first, then experiment. Test out different prices and rates to see what types of reactions you get from your clients. You can always adjust accordingly with your next client.

Key steps to establishing your marketing plan and promoting your website

Key Steps To Establishing Your Marketing Plan And Promoting Your website

Presented in this article are key steps that you must take to develop your marketing plan and build traffic to your website.

Establish your objectives and targets. After you have built your website for your online business, you must establish your goals in terms of the money you want to earn from your online business. This will determine the volumes of traffic you will need to make the necessary sales you want to make. Your objectives and goals will guide you in deciding the level of promotion you need to do to advertise your website and build traffic to it.
Establish your advertising budget. This is a very important step. There are many ways of driving traffic to your website; some are affordable while some are expensive. You need to decide what your budget is and therefore what tools you can use to drive traffic to your website.
Invest in the necessary tools that you need in advertising your website. In order to capture leads and follow-up with your prospects, it is necessary for your website to have an automated email system or auto-responder which captures your prospects email address and automatically send those emails on a regular basis. These emails will have a link to your website wand will invite your subscribers to visit your website. You must establish all the tools you need to have on your website to make traffic generating effective.
Decide what your short term and long term advertising strategies are. The quickest and easiest way to generate traffic and leads for any business is pay per click (PPC) advertising because it can bring you immediate results. PPC can also help you drive targeted traffic to your website. However, you also need to have some marketing strategies that will generate traffic to your website in the long term. Pay per click marketing is normally considered to be the short-term solution for generating targeted traffic and leads fast, but it is also considered to be one of the most expensive ways to advertise your business. Therefore, it is important for you to have other affordable ways of generating traffic to your website which will drive traffic to your site in the long term. Article marketing, blogging and forum participation are some of these less costly ways of generating traffic to your website.

Before you start spending money on any strategy for generating traffic to your website, you must ensure that you follow the steps outline above as they help you select the best marketing tools for driving traffic to your website.

If you would like to know more about me you can go to my site HERE

How to make money doing practically nothing

How to Make Money Doing Practically Nothing

Everyone thinks the perfect job is doing nothing and getting paid for it. There are ways you can generate an income and not actively take part in the process.

Since the advent of the internet there have been countless ways of making money online. The process may take a while but if you work hard enough to set it up and have everything running smoothly, you can actually at a certain point sit back, relax, and let the money come in. Passive residual income is the way to make money without doing anything. The product that you put out a couple of times a year will allow you to relax the rest of the time.

Here is one example. Do you like to write? If so, consider writing an e-book. This is a digital counterpart to a book that has been typed and printed. The e-book is normally read on the computer and has a few advantages to the traditional printed book. The text can be enlarged for easier viewing and they take up very little space.

Choose a subject of interest to people and get creative. Most of these books are how-to books. The great thing about them is they will continue to earn for years after you sell them. This is how you can earn residual income and not lift a finger after the original selling of your e-books.

If you write one or two really quality e-books twice or three times a year this will allow you to take time off and do nothing. Well, at least the things you want to do rather than working. How to make money doing nothing suddenly became much clearer, did it not?

The best way of thinking of it is — When you work for someone 40 hours a week, once that weeks pay has been received, you will never get paid for that 40 hours again. However, if you spend 40 hours writing an e-book, you can get paid over and over for those 40 hours. When the e-book earns a residual income that is in effect what is happening.

Another way of generating a good amount of traffic to your website is to submit it to every place you can submit it. The promotion that you do now will be the traffic generator of tomorrow. Actually you will be surprised at how easily you site will get traffic. The ultimate goal that you have in mind is to establish your site or e-book or whatever you decide to do as the leading source of reliable information on this subject. When you accomplish this, the money will start to come in and you can sit back and watch it.

Traffic is what will generate your income. The more traffic, the more income you will have. Getting this traffic is up to you. The more promotions you do the better chance of getting this project up and running.

The internet is like a super highway. All the roads lead somewhere but you need them to lead where you want them to go. The traffic that you get will determine how much money you make. Many people go after this type of internet business because they feel they are in a dead end job or they need the extra money.