Mobiusly got registered with the Australian Securities and Investment Association (ASIC) on the 3rd of December 2008, which makes it officially a real company. We also got ourselves registered for GST too, which is a sales tax imposed on pretty much all goods and services sold here in Australia.

For an aspiring Entrepreneur, this is the realisation of a dream. Ok, so we haven’t launched anything and we haven’t made any money, but the act of registering a company is the first step towards becoming an Entrepreneur.

To be honest, it wasn’t hard to get setup - so I wonder why it took me so long to do it. Registering a company involves paying some money and filing a bunch of forms. It’s not rocket science. You can do it yourself if you have the patience, time and energy. Me? I hired an accountant to do all the hard work. All up, it cost $1200. I think I could have done better on the price, but I’m happy with the result. The accountant took care of the logistics and paperwork. All I needed to do was turn up at the appointed time and sign on the dotted lines - so whatever I’ve paid extra, I’ve made up for in time saved.

Mobiusly Certificate of Registration

The challenge now for me is setting up the internal processes and accounting systems for Mobiusly so it may run with minimal overheads. For a small company like Mobiusly, being tied up doing admin work can really kill our momentum. As we’re madly putting in the finishing touches on our “secret” product (more on this later), we can’t really afford too many distractions.

For the budding Entrepreneurs out there, you may be interested in our list of remaining setup tasks:

• Getting access to the Australian Tax Office Business Portal
• Setting up MYOB or Excel to track income, expenses and generate invoices
• Sign up with an Insurer for Workers Compensation
• Sign up with a bank for Public Liability Insurance
• Sign up with a bank for Income Protection
• Resign from my current employer
• Transfer all existing contracts to Mobiusly
• Get approved as an Internet Merchant to accept credit cards online

I’ll provide more information each of these as I progress through them. Part of the reason why I’m blogging and disclosing everything I do is because of Mobiusly’s commitment to the Company Customer Pack which dictates we’re human, honest and open with what we do and how we can improve. The other reason is to share what I’ve learnt so that others may benefit from my mistakes and experience. The whole process is somewhat daunting for the uninitiated, so every little bit helps.

Whilst there is a lot of work in front of me, I’ll leave you with this gem of insight:

If you believe your goals to be worth attaining, you owe it to yourself to give it all you got to try to accomplish them. Yes, it may involve hard work and take some time, but if you persevere and remain committed, eventually your dreams will come true. If your goals were simple, everyone would be doing the same and they won’t be worth attaining. Take the hurdles and obstacles as challenges and stepping stones instead of road blocks.