So you want to be your own boss? Here are some things you ought to know.
Think long-term and think big. I meet people who put unnecessary limits on the success of their business. A common example is wanting to stay under $60,000 in turnover to avoid filing GST returns. If you aim low, you'll hit low.
Remember business is an opportunity to fulfil big aspirations. Start off thinking about what you want things to be like in 10 years.
The right structure will give you more options. Sole trader, company, partnerships, trusts ... they're examples of structures you can use for your business.
If you have some concern about risk and want to distribute funds to your spouse who works in your business, a company might be a better option than a sole trader. If you're not sure about which one to choose, seek some advice from a professional.