How to Apply for an Australian Business Number

How to apply for australian business number – How to apply for an Australian Business Number? It’s a question many budding entrepreneurs grapple with, a crucial first step on the exciting, sometimes bewildering, journey of building a business Down Under. Securing your ABN isn’t just about ticking a box; it’s about unlocking a world of opportunities, from opening a bank account to claiming legitimate tax deductions.

This guide navigates you through the process, offering a clear, concise, and even a touch cheeky, path to ABN success. Think of it as your friendly, knowledgeable guide to the land of legalities, making the whole process surprisingly straightforward and even, dare we say, enjoyable.

We’ll cover everything from eligibility criteria – are you a sole trader, partnership, or something more complex? – to the online application process, complete with helpful tips to avoid those pesky common errors. We’ll demystify the required documentation, explain what your ABN actually
-means*, and even offer alternative application methods should the online route not be your cup of tea.

By the time you’re finished, you’ll be an ABN application ninja, ready to conquer the Australian business landscape with confidence and a healthy dose of Aussie spirit.

Eligibility Criteria for an Australian Business Number (ABN)

Securing your Australian Business Number (ABN) is a significant step towards establishing your presence in the vibrant Australian business landscape. Think of it as your business’s passport – essential for operating legally and accessing a range of opportunities. Getting it right from the start is key, so let’s dive into the eligibility requirements. It’s easier than you might think!

Types of Businesses Eligible for an ABN

An ABN isn’t just for massive corporations; it’s for a wide range of businesses, from the solo entrepreneur to established enterprises. Essentially, if you’re carrying out business activities in Australia and meet certain criteria, you’re likely eligible. This includes everything from freelancers and consultants to partnerships and large companies. The key is engaging in enterprise, earning income, and operating within Australian legal frameworks.

It’s a broad net, designed to encompass the diverse nature of Australian business.

Residency Requirements for ABN Applicants

While the type of business is crucial, your residency status also plays a role. Generally, you need to be either an Australian resident or a non-resident carrying on business in Australia. This is a straightforward requirement designed to ensure that the ABN system accurately reflects the economic activity within the country. Think of it as a way of tracking business activity within Australia’s borders.

Business Structures Eligible for an ABN

The Australian business landscape is incredibly diverse, featuring a variety of business structures. Fortunately, the ABN application process is designed to be inclusive. A wide array of structures can apply, including sole traders, partnerships, companies, trusts, and associations. No matter your chosen business model, obtaining an ABN remains a fundamental step towards formalising your operations and ensuring compliance.

It’s a crucial element of setting up shop in Australia.

Eligibility Criteria Comparison

This table provides a concise overview of the eligibility requirements for three common business structures. Remember, this is a simplified comparison, and specific circumstances may require further clarification. Always consult the official Australian Business Register for the most up-to-date and comprehensive information.

The Online Application Process: How To Apply For Australian Business Number

Getting your ABN is surprisingly straightforward, a bit like assembling flat-pack furniture – mostly intuitive, with a few moments of “where doesthis* go?”. This guide will walk you through the online application process, turning the potential headache of paperwork into a surprisingly smooth experience. Think of it as your personal ABN sherpa, guiding you to the summit of business registration!

The Australian Business Register (ABR) website is your one-stop shop for all things ABN. It’s designed to be user-friendly, but a little guidance never hurts. This section provides a step-by-step guide, along with tips to navigate any potential snags. Remember, patience is a virtue, especially when dealing with online forms. And don’t worry – you’ve got this!

Step-by-Step Application Guide

Applying for your ABN online is a relatively simple process. Follow these steps and you’ll be well on your way to official business status. Think of it as a recipe for success, with each step bringing you closer to your delicious ABN.

1. Navigate to the ABR Website: Begin your journey at the official Australian Business Register website. You’ll find it easily through a simple search engine query.
2. Locate the ABN Application: The website is designed to guide you. Look for prominent links or buttons related to ABN applications. It’s usually clearly labelled and easy to spot.
3. Start the Application: Click the appropriate button or link to initiate the application. You’ll be greeted with a welcome screen and prompted to begin the process.
4. Provide Required Information: This is where you’ll input your details. Be accurate and precise. Double-check everything before proceeding. Accuracy is key here; any errors could delay the process.
5. Review and Submit: Before hitting that final submit button, take a moment to review all the information provided. Ensure everything is correct. Submitting an inaccurate application can cause unnecessary delays.
6. Receive Your ABN: Once submitted, you’ll receive confirmation and your ABN will be issued. You’ll likely receive it electronically. Keep this information safe and secure.

Information Required During Application

The application process requires specific information about you and your business. Providing accurate details is crucial for a smooth and efficient application process. Think of it like building a house – a strong foundation (accurate information) ensures a sturdy structure (your ABN application).

• Your full name and date of birth.
• Your residential address.
• Your business name and structure (sole trader, partnership, company, etc.).
• Your business address (if different from your residential address).
• Your Australian Business Number (ABN) application reason.
• Details of any other business activities.

Handling Common Application Errors

Even with careful attention, errors can occur. Here’s how to handle some common issues. Remember, a little problem-solving goes a long way.

Common errors include incorrect information, missing fields, and technical glitches. If you encounter any problems, don’t panic. The ABR website often provides helpful error messages. Carefully review the message and correct the identified issue. If you’re still stuck, contacting the ABR’s help desk is always an option.

Getting your Australian Business Number (ABN) is a breeze; it’s the key to unlocking your entrepreneurial journey. Think of it as your business passport! Navigating the process might seem daunting at first, but it’s really quite straightforward. For example, understanding tax credits can simplify things – check out this helpful guide on how to apply for the home tax credit to see how simple claiming benefits can be.

Once you’ve mastered the tax side, getting your ABN will feel like a walk in the park – a truly rewarding step towards your business success!

Flowchart of the Online Application Process

Imagine a clear path, leading you from the start of your application to the successful receipt of your ABN. That’s what this flowchart represents – a visual guide to navigate the process with ease.

The flowchart would visually represent the steps Artikeld above, with boxes representing each stage (e.g., “Navigate to ABR Website,” “Provide Required Information,” “Review and Submit,” “Receive ABN”). Arrows would connect the boxes, indicating the flow of the application process. Each box would contain a concise description of the action required at that stage. This visual representation provides a clear and concise overview of the entire process.

Required Documentation

Getting your ABN is a bit like getting the keys to your business kingdom – you need the right paperwork to unlock its full potential! Think of it as assembling the ultimate business toolkit; each document plays a vital role in the process. Let’s explore what you’ll need to make this happen. It’s simpler than you might think.This section Artikels the essential documents required for your ABN application.

Providing accurate and complete information ensures a smooth and efficient application process. Remember, accuracy is key to a swift and successful journey!

Identity Documents

Your identity needs to be verified, it’s a crucial part of the process. This ensures that the ABN is issued to the right person and prevents any potential fraud. You’ll need to provide proof of your identity and residential address. This isn’t about being nosy; it’s about security and ensuring the integrity of the system.

• Passport: A current, valid passport is the gold standard. Think of it as your global business ID.
• Driver’s Licence: A current, valid driver’s licence from any Australian state or territory works just as well.
• Proof of Age Card: If you don’t have a passport or driver’s licence, a proof of age card (issued by an Australian state or territory) is acceptable.

Business Structure Documents

The type of business you’re registering influences the documentation required. This step helps the Australian Business Register understand your business structure and how it operates. Getting this right ensures your ABN accurately reflects your business setup.

• Sole Trader Declaration: If you’re a sole trader, you’ll need to declare this. It’s a simple statement confirming your business structure.
• Partnership Agreement: For partnerships, you’ll need a copy of your partnership agreement. This document Artikels the partnership’s structure and responsibilities.
• Company Constitution/Memorandum and Articles of Association: For companies, you’ll need your company’s constitution or memorandum and articles of association. These documents govern the company’s operations and structure.
• Trust Deed: If you’re operating as a trust, you’ll need to provide a copy of your trust deed. This legal document details the terms and conditions of the trust.

Residential Address Verification

Verifying your address is essential for communication purposes and helps prevent fraud. Think of it as confirming your business’s home base. We need to know where to send important updates and information.

• Bank Statement: A recent bank statement showing your name and address. It’s a simple, effective way to verify your address.
• Utility Bill: A recent utility bill (electricity, gas, water) showing your name and address. This provides another independent verification of your residential address.

Acceptable Formats

Your documents must be submitted in clear, legible formats for processing. Think of it as presenting your business case in its best light! Clarity and legibility are crucial for a smooth application process.

• PDF: Portable Document Format (PDF) is the preferred format. It ensures your documents are easily readable and maintain their formatting.
• JPEG/JPG: High-resolution JPEG images are acceptable for scanned documents, provided they’re clear and legible.

Understanding Your ABN

So, you’ve successfully navigated the application process and now you’re the proud owner of an Australian Business Number (ABN). But what exactlyis* this magical number, and what does it do for you? Let’s delve into the fascinating world of ABNs and unlock their secrets. Think of it as your business’s passport to the Australian economic landscape.Your ABN is more than just a string of numbers; it’s a unique identifier, a digital fingerprint for your business.

It’s structured as eleven digits, and each part plays a role. The first two digits identify the entity type (e.g., sole trader, company). The next nine digits are unique to your business, ensuring you’re easily identifiable in the vast Australian business ecosystem. It’s like a secret code, known only to you (and the Australian Taxation Office, of course!).

The Many Uses of Your ABN

An ABN is your key to unlocking a world of business opportunities. It’s not just for tax purposes, although that’s a significant aspect. It’s essential for claiming GST credits, making it easier to manage your business finances and potentially saving you money. Without an ABN, you’re essentially operating in the shadows, missing out on valuable benefits and potentially facing penalties.Think of it like this: you wouldn’t try to drive a car without a license, right?

An ABN is your business license, allowing you to legally operate and interact with other businesses and the government. It’s the cornerstone of your business’s legitimacy, opening doors to clients, suppliers, and various business interactions. It allows you to invoice clients correctly, receive payments, and engage in other crucial business activities. Without it, you’re significantly limiting your potential.

ABN vs. Other Business Registration Numbers

It’s easy to get confused between an ABN and other business registration numbers. An ABN is distinct from an Australian Company Number (ACN), for instance. An ACN is specifically for companies registered under the Corporations Act, while an ABN is a broader identifier used by all types of businesses, including sole traders, partnerships, and trusts. Think of the ACN as a specific subtype of registration, while the ABN is a more general identifier that applies across the board.The key difference lies in their purpose and scope.

An ACN signifies legal incorporation, while an ABN is primarily for tax and business identification. Many businesses will have both an ABN and an ACN, but having an ABN is essential for almost all businesses regardless of their structure. Operating without the appropriate registration can lead to administrative hurdles and potential legal complications. Navigating the business world without the correct identification is like trying to find your way through a maze blindfolded – challenging, to say the least!

Consequences of Not Having an ABN When Required

Let’s be clear: operating without an ABN when you’re legally required to have one can lead to significant consequences. You could face penalties, interest charges, and even legal action from the Australian Taxation Office. This isn’t a game; it’s a serious matter with potentially serious financial and legal repercussions.Imagine the scenario: a thriving small business, operating successfully but without an ABN.

They’re missing out on crucial tax benefits, and when the ATO comes knocking, they face hefty fines and back taxes. This could significantly impact their cash flow and even threaten the viability of their business. It’s a cautionary tale that underscores the importance of obtaining and maintaining an ABN when required. Don’t let this be your story; secure your ABN and build your business on a solid foundation of compliance and peace of mind.

Your future self will thank you for it. This is your journey, your business, and your future – make sure you’re equipped with the right tools to succeed.

Getting your Australian Business Number (ABN) is a breeze; just head to the Australian Business Register website and follow the straightforward steps. Think of it as your business’s official ID card! Navigating the process is much like applying for other important documents, such as renewing your passport – check out this helpful guide on how to apply for a renewal passport for a similar, streamlined experience.

Once you’ve secured your ABN, you’re one step closer to entrepreneurial success – so don’t delay, get that ABN and watch your business flourish!

After Applying for Your ABN

So, you’ve hit the submit button – congratulations! The journey to your Australian Business Number is nearly complete. Now, let’s navigate the exciting (yes, really!) phase of waiting for confirmation and understanding what happens next. Think of it as the calm after the application storm, a brief pause before you officially launch your entrepreneurial adventure.The Australian Business Register (ABR) usually processes applications swiftly.

You can expect to receive confirmation of your ABN within a few business days. However, it’s always a good idea to allow a little extra time, just in case. Imagine it like baking a cake – you follow the recipe perfectly, but sometimes the oven runs a little slow. Patience is a virtue, especially when it comes to official paperwork!

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Once you’ve secured that, remember your ABN is your key to unlocking countless opportunities, so get yours today and watch your business flourish!

ABN Confirmation

You’ll receive your ABN confirmation electronically, usually via email, to the address you provided during the application process. This confirmation will include your unique ABN, a crucial piece of identification for your business. Treat it like a prized possession – safekeeping is key. This digital confirmation serves as your official ABN documentation. Keep a printed copy for your records, alongside any other relevant business documents.

Think of it as your business’s birth certificate – an important document to have readily accessible.

Updating ABN Details

Life, as we all know, is full of unexpected twists and turns. Your business details might change – a new address, a different business structure, or perhaps a change in your contact information. Updating your ABN details is straightforward. You can do this through the ABR online portal. It’s as simple as logging in, making the necessary changes, and confirming the updates.

This ensures your records remain accurate and up-to-date, preventing any potential hiccups down the line. Regularly reviewing and updating your information is good practice for efficient business management.

Managing Your ABN Information Online

The ABR online portal is your one-stop shop for all things ABN. It’s a user-friendly platform designed to help you manage your business information effectively. You can access your ABN details, update your information, and even download official documentation. Think of it as your personalized ABN control center, allowing you complete oversight of your business’s crucial information. Accessing your ABN details online is not only convenient but also contributes to a paperless and efficient business operation.

Imagine the time and resources you’ll save by avoiding unnecessary paperwork. Embrace the digital age and streamline your business management!

Alternative Application Methods

While applying for your ABN online is generally the quickest and easiest route, let’s explore some alternative pathways for those who prefer a different approach or face specific circumstances. Think of it as having a backup plan – because sometimes, the road less travelled can lead to the same fantastic destination.Applying for an ABN via phone or mail is certainly possible, though it’s worth noting that the online method is generally preferred for its speed and efficiency.

It’s a bit like choosing between express delivery and standard mail – one gets you there faster! However, understanding the alternatives can be invaluable, particularly in situations where internet access might be limited or other factors come into play.

Applying for an ABN via Phone

The phone application process involves contacting the Australian Business Register directly. Be prepared to provide all the necessary information, precisely as you would for the online application. This includes details about your business structure, contact information, and the nature of your business activities. Think of it as a friendly conversation with a helpful representative, guiding you through the process step-by-step.

This method offers personal interaction, which can be beneficial for individuals who prefer a more direct approach or require clarification on specific aspects of the application. It’s a reassuring alternative for those who may feel more comfortable discussing their business details verbally.

Applying for an ABN via Mail

Applying via mail involves completing a paper application form and sending it to the Australian Business Register by post. This method requires careful attention to detail, as any errors or omissions could delay the processing of your application. The form itself requires the same information as the online application – it’s just delivered in a slightly more old-school manner.

Imagine carefully filling out a beautifully crafted form, feeling the weight of the paper in your hands as you meticulously complete each section. This method might suit those with limited or no internet access, or those who simply prefer the tangible process of filling out a physical form. It provides a sense of control and allows for a more deliberate and thoughtful approach to the application process.

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So, grab that coffee, and let’s get your ABN sorted – it’s the key to unlocking your entrepreneurial dreams!

Comparing Application Methods

The online method is generally the fastest and most efficient, offering immediate confirmation and access to your ABN details. It’s like receiving your driving licence instantly after your test – you’re ready to go! The phone and mail methods, while slower, offer a personalized touch and might be preferable for those who value personal interaction or lack consistent internet access.

Consider your comfort level with technology and the urgency of your need for an ABN when choosing your preferred method. Each path offers a unique journey to the same ultimate goal: your very own ABN.

Specific Requirements for Alternative Application Methods

Regardless of the method chosen, you’ll need the same fundamental information: details about your business structure, your personal information, and a clear description of your business activities. For mail applications, you’ll need to obtain the correct application form from the Australian Business Register website, ensuring all sections are completed accurately and legibly. For phone applications, having all your information readily available will expedite the process, much like having your grocery list ready before heading to the supermarket.

Remember, accuracy is paramount, no matter which route you take. A small error can create unnecessary delays, so take your time and double-check everything.

Common Mistakes to Avoid

Navigating the ABN application process can feel like a trek through the outback – exhilarating, but with potential pitfalls if you’re not prepared. A few minor errors can lead to delays, extra paperwork, and unnecessary stress. Let’s smooth your path by highlighting some common stumbling blocks and how to avoid them. Think of this as your trusty map to ABN success!Getting your ABN right the first time is crucial; it’s the key that unlocks your business’s financial world.

A simple mistake can cause significant delays, and nobody wants that, right? Let’s dive into some common errors and how to sidestep them.

Incorrect Business Structure Information

Providing inaccurate information about your business structure is a frequent misstep. For example, selecting the wrong structure (sole trader, partnership, company, etc.) will lead to complications down the line. The Australian Business Register (ABR) needs precise details to match your ABN with the correct tax obligations. Double-check your business registration documents and ensure the information on your application perfectly mirrors the legal structure.

Getting your Australian Business Number (ABN) is a breeze; just head to the Australian Business Register website and follow the straightforward steps. Think of it as your passport to the Aussie business world! Navigating the bureaucratic maze can feel like a quest, a bit like figuring out how to apply for a US immigrant visa , but with a bit of focus, you’ll be celebrating your ABN in no time.

Once you’ve secured your ABN, you’re ready to conquer the Australian market; it’s your key to unlocking exciting opportunities and entrepreneurial success!

Imagine submitting an application for a sole trader business while actually operating as a partnership – it’s a recipe for confusion!

Inconsistent or Missing Information

Inconsistencies between the information provided in the application and other supporting documents are a common cause for rejection. For instance, if your application lists a different business name than the one registered with ASIC (for companies) or used in your bank accounts, it can delay processing. Make sure all your documentation is consistent and accurate. Imagine the ABR trying to reconcile different names and addresses – it’s like trying to find a needle in a haystack!

Incomplete or Missing Supporting Documentation

Failing to submit all required supporting documents is another major error. This can include proof of identity, residency, and business registration details (if applicable). The ABR needs this information to verify your identity and business details. Think of it as presenting a half-finished puzzle – it won’t make a complete picture.

Errors in Contact Details

Incorrect or missing contact details are a surprisingly common mistake. This can prevent the ABR from contacting you regarding your application or any further queries. Ensure your email address and phone number are accurate and up-to-date. Think of this as giving the ABR the wrong address for your important mail – you won’t receive your ABN!

Failure to Understand Your Obligations

Not fully understanding your obligations as a business owner with an ABN is not technically an application error, but it’s a critical mistake nonetheless. This includes tax obligations, superannuation requirements, and other legal responsibilities. Understanding these obligations before applying for an ABN is crucial for long-term business success. Ignoring these responsibilities can lead to serious legal and financial consequences.

Consequences of Errors, How to apply for australian business number

Submitting an incomplete or inaccurate application will likely result in delays. The ABR may request further information or clarification, which can prolong the process significantly. In some cases, your application may be rejected altogether, requiring you to start the process from scratch. This wastes valuable time and effort. Furthermore, inaccuracies in your ABN application could lead to problems with tax returns, business registrations, and other crucial aspects of running your business.

It’s a bit like building a house on a shaky foundation – the whole structure could collapse.

Business Name Registration

Choosing the perfect name for your business is like finding the perfect pair of shoes – it needs to fit comfortably, look great, and be ready for the long haul. A well-chosen business name is more than just a catchy phrase; it’s a crucial element of your brand identity, impacting how customers perceive and remember your enterprise. Registering that name officially adds a layer of protection and credibility, setting the stage for your business’s success.Registering your business name in Australia provides legal protection, preventing others from using a similar name and potentially confusing your customers.

It’s a straightforward process that offers peace of mind and helps establish your business’s professional image. This is distinct from your ABN application, which is a tax registration, focusing on your business’s financial interactions with the Australian government. Think of your ABN as your business’s tax identification number, while your registered business name is its public face.

The two work together, but serve very different purposes.

Business Name Registration Process

The process of registering your business name is designed to be user-friendly. You can typically complete the registration online, making it convenient and accessible from anywhere with an internet connection. The process involves providing basic information about your business and the proposed name, along with payment of a relatively small fee. It’s a surprisingly straightforward journey, making the official recognition of your business name a manageable step in your entrepreneurial adventure.

Comparing ABN and Business Name Registration

An ABN (Australian Business Number) is essential for conducting business in Australia, allowing you to interact with the Australian Taxation Office (ATO) and other government agencies. It’s about your business’s financial identity. Registering your business name, on the other hand, is about protecting your brand identity and ensuring your unique name is legally yours. While both are important, they address different aspects of setting up your business.

You need an ABN to operate legally, and registering your business name protects your brand in the marketplace. They are distinct but complementary steps in the establishment of your business.

Steps Involved in Business Name Registration

Getting your business name registered is simpler than you might think. It’s a straightforward process that involves a few key steps. Think of it as building blocks for your business’s legal foundation. Each step is essential for a successful registration.

• Check for availability: Before you get too attached to a name, ensure it’s not already in use. A quick search on the Australian Securities and Investments Commission (ASIC) website will save you time and potential headaches down the line. Imagine the disappointment of choosing a name only to discover someone else has already claimed it.
• Gather necessary information: You’ll need details about your business structure (sole trader, partnership, company, etc.) and the proposed business name. Having this information readily available will streamline the registration process.
• Complete the application form: The online application form is generally straightforward and user-friendly. Take your time to fill it out accurately to avoid delays or complications.
• Pay the registration fee: A modest fee is required to register your business name. Think of this as a small investment in protecting your brand and securing your business’s future.
• Receive your registration certificate: Once your application is processed, you’ll receive confirmation of your business name registration. Keep this certificate safe – it’s proof of your legal right to use the chosen name.

ABN Application Form Illustration

Navigating the Australian Business Number (ABN) application process can feel like charting unknown waters, but understanding the application form itself is the first crucial step towards smooth sailing. Think of this form as your passport to the world of Australian business – complete it accurately, and the doors will open.The ABN application form, whether completed online or offline, presents a clear and logical structure designed for straightforward completion.

Its user-friendly design aims to minimize confusion and ensure all necessary information is captured efficiently. While the exact visual presentation might vary slightly depending on the application method, the core components remain consistent.

Form Structure and Key Sections

The form is typically divided into distinct sections, each requesting specific information vital for processing your ABN application. Each section plays a crucial role in verifying your identity, business details, and eligibility. Failing to provide accurate information in any section could lead to delays or even rejection of your application. Let’s dive into the key areas.

Applicant Details

This initial section is all about you, the applicant. It requests your full legal name, date of birth, residential address, and contact details (phone number and email address). Accurate completion is paramount, as this information is used to verify your identity and keep you informed throughout the application process. Any discrepancies here can significantly delay the process.

Think of it as the foundation upon which your entire ABN application rests.

Business Details

This is where you describe your business. You’ll need to provide your business name (if registered), your Australian Business Number (if already assigned), the type of business structure (sole trader, partnership, company, etc.), your business address, and the principal place of business. Providing precise and accurate details here is crucial for correctly identifying your business and ensuring your ABN is correctly linked to your business activities.

Inaccurate details could lead to confusion regarding tax obligations and business registrations.

Business Activity Description

This section requires a clear and concise description of your business activities. This helps the Australian Taxation Office (ATO) categorize your business and ensure you’re correctly registered for relevant tax obligations. Be specific and avoid vague descriptions. For example, instead of “selling things online,” specify “online retail of handcrafted jewellery.” The more precise you are, the smoother your application will go.

Authorisation and Declaration

This final section requires your signature (or electronic equivalent) confirming the accuracy of the information provided. It’s a formal declaration of the truthfulness and completeness of your application. By signing, you’re taking responsibility for the accuracy of the data you’ve submitted. This section holds legal weight and ensures the integrity of the entire application process. This is your solemn promise to the ATO, and honesty is the best policy.

Importance of Accurate Completion

The importance of accurate completion cannot be overstated. Errors, omissions, or inconsistencies can lead to delays, requests for further information, and potentially even rejection of your application. Take your time, double-check your entries, and if unsure, seek professional advice. A small mistake can snowball into a major headache down the line. Accuracy is the key to a successful and stress-free ABN application.

Remember, this isn’t just filling out a form; it’s laying the groundwork for your business journey in Australia. Get it right, and watch your business flourish!