213 turning your product idea into a business (skincare case study)

Megan from Adelaide wants to start a skincare business, but where does she begin? In this episode, Glen and Adrian unpack the steps for turning an idea into a business with the help of AI. They cover:👉🏾 do you really need a business plan?👉🏿 when GST kicks in and how ABNs work👉🏻 protecting your brand (without wasting money)👉 low-cost ways to test your idea at markets👉🏽 insurance, liability and legal essentials👉🏾 how to calculate costs and profit margins👉🏿 when to quit vs when to push throughWatch this on Youtube: https://youtu.be/OzUbM6PM-n8We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here. Hosted on Acast. See acast.com/privacy for more information.