How to start a business administration business

Are you ready to take your business administration career to the next level?

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Thousands of businesses across Australia rely on the expertise of business administrators to keep the day-to-day operations of their business running smoothly. It's no surprise then, that business administrators are in demand.

This guide will give you the information you need to know to confidently open up your own business administration business. Read on to find out what you need to know, including the qualifications and the legal documents you'll have to put in place.

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What skills, knowledge or requirements do I need to start a business administration business?

You'll need a diverse set of skills to be successful as a business administrator. A business administrator needs to understand a company's day-to-day operations including its finances, marketing tools, technology systems, legal obligations and human resources. As a business administrator, you'll be working with a lot of different people, so you'll also need to have excellent communication skills and be incredibly organised.

As for the business side of things, you'll need to have the skills to set up a small business. Start by creating a solid business plan, including a carefully considered pricing plan and an effective marketing strategy. Then, it's time to put it into action.

What courses or qualifications do I need to complete?

business administrator at work

A business administration degree isn't mandatory to work in this field, but it will give you a huge advantage with competitors.

The majority of entry-level business administrators hold an undergraduate degree, with a high majority going on to complete a master's in the field. A Bachelor of Business Administration usually takes three years of full time studying. You'll need to add an additional two years of full-time study if you want to gain a Masters of Business Administration. Both will cost around $10,000 per year to study.

However, if you already have experience in a top managerial position, you can choose to complete an in-person or online certificate or diploma in business administration. Some course to consider include:

  • Certificate III in Business Administration. This qualification will prepare you for administrative, entry-level roles. It takes one year to complete and costs around $2,500 depending on the provider.
  • Diploma of Business Administration. As well as giving you the basic knowledge you need to pursue a career in business administration, this high-level diploma will also develop your project management skills. This course takes 18 months to complete and costs an average of $5,000.
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Diploma of Business Administration

A diploma of business administration from training.com.au could help start your business administration career.

    Equipment and software needed to start a business administration business

    The majority of work you'll carry out as a business administrator will be on the computer or with people. This means that you won't need to invest in tonnes of equipment to get your business started, but you will benefit from useful software. Here are a few essentials:

    What business structures do I need to consider before starting a business administration business?

    As a business administrator, you're likely to be operating your business alone, which is why a sole trader may be the best option for you. Here are a few key features of sole traders:

    • It is the simplest and cheapest business structure
    • You are legally responsible for the business including its losses
    • Only one person controls and manages the business
    • You can employ others to work in your business, but you can't employ yourself
    • At the end of the tax year, you have to report your income using a tax return
    • You will need to apply for an ABN, an Australian Business Number

    If you're planning on opening up your business with someone else, you should register as a partnership instead. This is very similar to a sole trader, except there are two people involved in making the decisions and sharing in the profits and losses of the business.

    The legal world can be a confusing place. But it's somewhere that you'll need to master if you want your business to be operating within the law. Luckily, there are plenty of online legal services out there that can provide advice at the touch of a button.

    To get the ball rolling, here are just a few of the legal documents you may need to produce when starting a business administration business:

    Data indicated here is updated regularly
    Name Product What's offered? Starting price to become a member Annual Fee from Any free legal documents?
    Lawpath
    Legal documents and templates, Access to lawyers, Legal guides, Legal advice
    $79 per month (billed monthly)
    Essentials: $288
    You can view samples for free and you can create your first document for free.
    Choose an annual plan from just $288 and get unlimited revisions to your legal or business documents. Plus, unlock exclusive partner offers.
    LawDepot
    Legal documents and templates, Access to lawyers, Legal guides, Legal advice
    $7.99 per month (prepaid for one year)
    $59.88
    You can view samples for free and you can create your first document for free.
    Get free legal documents in five to ten minutes.
    Sprintlaw
    Legal documents and templates, Access to lawyers, Legal guides, Legal advice
    $699 (or choose a free template)
    $699
    Some documents are free to download. Get access to all documents with a membership.
    Pick between a fixed-fee package from $99 and a 12-month plan that unlocks a host of membership benefits for $699.
    Legal123
    Legal123
    Legal documents and templates, Access to lawyers, Legal guides, Legal advice
    Varies per template
    N/A
    No
    Get legal templates for any business type in Australia.
    LegalVision
    Legal documents and templates, Access to lawyers, Legal guides, Legal advice
    $199 per month (bill monthly)
    N/A
    Some documents are free to download. Get access to all documents with a membership.
    Your business can take advantage of unlimited lawyer consultations, fast turnaround times and free legal templates with LegalVision.
    Law Central
    Law Central
    Legal documents and templates, Legal guides, Legal advice
    Free for the Silver membership
    Gold: $99
    You can view samples and create your own document for free with the Silver membership.
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    How do I find more customers?

    Word-of-mouth is a powerful tool if you're hoping to attract new customers. By providing excellent customer service and a high-quality job, your reputation will speak for itself. If you're just starting out, you may need to invest some time and money in marketing your business administration business.

    You may find it worthwhile to advertise your services on a website like Airtasker. Airtasker is a type of online marketplace where you can connect with people looking for your services. While lots of tradespeople use Airtasker to advertise their services, you'll also find lots of freelancers on the platform too specialising in accounting and administrative tasks. Other similar platforms include Fiverr, Upwork and Freelancer.

    How much should I charge my customers?

    Freelance business administrators tend to charge on an hourly basis and are remunerated for the hours they spend working for an individual or company. The amount you can charge your clients and customers depends hugely on the value that you can add to their business.

    Generally speaking, those with higher-level qualifications and more experience working in business administration can charge much more for their services. Rates vary hugely from $25 an hour for entry-level jobs, right up to $100+ for experienced and highly-valued professionals.

    To find a rate that works best for you, look at the competition in your local area and how your skills weigh up.

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    Frequently asked questions

    Can you start a business with a business administration degree?

    Yes, a business administration degree opens up a whole world of opportunities including owning your own business. This can be in business administration itself, or in the accounting, finance or marketing industries.

    Is there a lot of math in business administration?

    Working in business administration does require a high level of numerical skills. You'll need to be confident in creating budgets for business and dealing with complicated accounts.

    Is business administration a good career?

    Business administration is a great career for those who thrive in high-pressure situations, can multi-task effectively and are extremely organised. According to PayScale, you can earn between $55-80k per annum as a business administrator.

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