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Discussion of relevant Regulations and their importance
While opening a business at any place it is important to keep the legal rules and regulations of the place in mind so that the business doesnt fall into any legal litigation. Similarly, Australia also has some basic rules and regulations that plays a significant role in setting up the business. The relevant regulations under this context are:
Firstly, it is required to determine the structure of the hairdressing salon and in order to do this, the company has to register itself with the Australian Securities and Investment Commission (ASIC) Act 2001 so that it gets an Australian company number for business operations. In addition to this the company also needs to know and abide by the Corporations Act 2001. The company also needs to apply for the Australian Business Number (ABN) that will further help it to run the business smoothly.
Secondly, what the business requires is its capital strength. It is one of the basic requirements for starting a business and makes it run successfully. The company also should plan the about the business loans so that it is able to find proper capital for starting the business.
There are also few Health Regulations that a hairdressing salon has to abide by while opening a salon in the locality of Australia. The hairdresser has to main a basic hygiene and cleanliness so that no customer is affected by unhygienic practices. Also, the equipment and the products that are to be used for the customers should be of good quality under the Work Health and Safety Regulations 2007.
The salon must have proper sanitary condition and must use proper disinfectant to keep the place clean and healthy under the Federal Register of Legislation Sub Regulation 16
The service can face penalties up to $100 every day if the person doesnt abide by the legal regulations of the Australian government while setting up a business as this is considered to be an offence in Australia (McKibbin & Panton, 2018).
The hairdressers of the salon need to hold a Certificate III in Hairdressing from a registered training organisation and been adequately trained which the Vocational Training Review Panel has approved for their job which would show that they are professionally trained and are able to manage the risks appropriately.
Under the Hairdressers Act 2003, states that at any time held a licence under Part 6 (Regulation of the hairdressing trade) of the Shops and Industries Act 1962, other than a licence for beauty treatment only.
The hairdressing salon also needs to file its GST and Income Tax as it is extremely important for a business to file its taxes appropriately. The Company can register in the Australian Taxation Office.
The shop also needs to pay attention to the safety and values of the customer so that it can abide by the Consumer Protection Act in Australia (Amoakoh & Naong, 2017).
1.
How you have segmented the market and why you have chosen your target market.
2.
How you are going to position yourself in the market The relevant elements of the marketing mix for your venture Relevant comments on your marketing strategy and plan Any relevant legal and/or ethical issues relating to the proposed venture Remember to focus on the key points and be creative.
3.
You could talk for hours on these elements. You have to decide what is important to put in and what you leave out. Imagine you were making a pitch on Shark Tank for support to start you business –
4.
what do you say to convince them that you have a good plan for your business?
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The writer is very fast, professional and responded to the review request fast also. Thank you.
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