Monash Generator: How to Start a Business Right

February 20, 2024
minutes to read
Justin Bohlmann
Table of Contents

The entrepreneurship journey begins with a vision, a spark of innovation that drives individuals to transform ideas into impactful businesses. However, embarking on this path requires more than just inspiration; it demands knowledge, preparation, and a solid foundation. On 23 August 2023, an incredible webinar hosted by the Monash Generator brought together industry experts to unravel the secrets of starting a business right. With representatives from Sprint Law, Thriday, Upsure, POP Business, and Easy Companies, the webinar proved to be an enlightening experience for aspiring entrepreneurs.

The Power of Collaboration

The Monash Generator, an early-stage accelerator for aspiring entrepreneurs, demonstrated its commitment to nurturing business knowledge by organizing this comprehensive webinar. The virtual gathering aimed to give startups a deep dive into 'How to Start a Business Right'. The event offered a holistic view of the essential steps required to establish a solid foundation for any new business by bringing together experts from various domains.

Key Topics Covered

The presenters left no stone unturned as they delved into topics that included:

  1. Company Formation: Alex Whiteside, CEO of EasyCompanies, guided attendees through the intricacies of choosing the correct business structure for their needs. Understanding the pros and cons of various options empowers entrepreneurs to make informed decisions aligned with their business goals.
  2. Legal Documentation: Ensuring legal compliance is a cornerstone of any successful business. Alex Solo, Co-founder of Sprintlaw, highlighted the significance of proper documentation, from contracts to intellectual property, to safeguard a business's interests and maintain a trustworthy relationship with clients.
  3. Banking & Payments: Michael Nuciforo, CEO and co-founder of Thriday addressed the financial realm, covering the importance of picking the right banking and payment solutions. Michael highlighted how funded startups can use frequent flyer points to accumulate travel discounts.
  4. Accounting & Tax Insights: Sidney Cachuela, co-founder of POP Business, then shed light on the complex realm of accounting and taxes. Understanding tax obligations and strategic tax planning can save businesses money and potential headaches.
  5. Business Insurance: Andrew Birt, Founder of Upsure, then wrapped up the session by covering the necessity to mitigate risks through comprehensive business insurance. Shielding your venture from unforeseen challenges is integral to building a resilient business.

Knowledge as a Launchpad

The insights shared during the webinar resonated deeply with participants, who acknowledged the tremendous value of learning from seasoned experts. Empowerment through knowledge, after all, is the cornerstone of entrepreneurship. The Monash Generator's commitment to fostering informed and capable business leaders exemplifies the educational initiatives driving the entrepreneurial ecosystem forward.

Watch the Webinar Recording

You can watch the entire session below:

Key Takeaways

The Monash Generator's webinar, "How to Start a Business Right," was a testament to the power of collaboration and knowledge sharing. The event equipped entrepreneurs with a treasure trove of insights by bringing together representatives from Sprint Law, Thriday, Upsure, POP Business, and Easy Companies. Attendees now have a clear roadmap that promises to guide them through the labyrinth of starting a business on solid ground.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360 AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you. Team Thrive No 2 Pty Ltd ABN 26 677 263 606 (Thriday Accounting) is a Registered Tax Agent (No.26262416).

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