YOU WILL NEED YOUR ID AND PROOF OF ADDRESS FOR THIS STAGE
(Skip this if you're a sole trader.)

I’ve Found Some Clients Who Are Ready to Pay Me — Now What?‍

You need to register your company as quickly as possible. While this is specific to New Zealand, the principles generally apply no matter where you're located.

1. ‍Contact Your Accountant
   Inform them that you’ll be registering your business.‍
2. Contact Your Bookkeeper
   Let them know that you’ll be registering your business.‍
3. Go to the Companies Register (NZ)‍
   1. Create a RealMe Account
   2. Reserve Your Business Name (Cost: around $10)‍
   3. Register Your Business (Cost: around $130)‍
4. Become GST Registered
   (If applicable based on your income threshold.)‍
5. Open a Business Bank Account
   Personally, I recommend BNZ, but choose the bank that works best for you.‍
6. Acquire Business Insurance
   Public liability, professional indemnity, and any other insurance necessary for your type of work. Discuss this with your accountant.‍
7. Update All Documentation
   Ensure your quotes, invoices, and any other business documents reflect your GST number and new bank details.‍
8. Follow Up With Your Clients
   Reach out to the client who expressed interest in engaging your services. Send them the finalised quote along with the works schedule. Await their acceptance to get started.‍
9. Get Business Cards Printed
   Use the brand package you chose to print basic business cards. Keep it simple but professional.

Don’t Go Overboard When Starting
You only need the essentials. Don’t spend unnecessarily on new tools, branded merchandise, or extras. Use what you have until you’ve built up more consistent cash flow.

Cashflow Management
Cash flow is one of the biggest challenges in construction. Make sure you have enough cash reserves to fund the next job.

Once you've registered your business and secured the work, move on to the next step.