Labour Legislation & Guidelines
The strict adherence to labour legislation & guidelines of most importance to every employer at all times. Observing these guidelines allows you to thoroughly protect your employees and can also protect yourself by avoiding labour disputes.
Occupational Safety & Health
In addition to labour legislations, employers also need to take care for the occupational safety and health safety of their employees. Without this, employers may risk getting their employees injured and losing working efficiency and workplace harmony.
Apart from other essentials for Startups, it is important not to forget to provide equal opportunities to everyone without prejudices and discriminate them based on their sex, disability and/or family status rather than their skills and aptitude.
Also you must be aware of violating the Personal Data (Privacy) Ordinance when managing personal data of any staff. Awareness of privacy protection is growing in our society.
Employer's Tax Osbligations
Starting from employing the first employee, you have to meet the employer's tax obligations. You need to report to the Inland Revenue Department the remuneration paid to your employees, and maintain payroll records and keep these records for at least 7 years.
Marketing is a key aspect of business. Without effective marketing, the business would be difficult to reach its target audience and potential customers. Effective marketing plans mostly revolve around target audience and stay responsive to their demands.
Youth Business Hong Kong
Young people are known to be more willing to take on challenges and risks. However, the lack of guidance and experience in running their business often render their efforts futile. Youth Business Hong Kong has got young entrepreneurs covered – it provides financial access for startup entrepreneurs and also invites established business executives and experts to help guide newcomers in the startup industry. The information and advice shared can assist their startup businesses through systematic and periodic courses and seminars.
External guidance alone may not be sufficient for a good entrepreneur. One can get equipped by studying further and getting an accreditation. The Microfinance Scheme, launched by The Hong Kong Mortgage Corporation Limited, offers subsidies to assist young entrepreneurs in obtaining professional certification. The scheme also serves to develop the skills of these entrepreneurs by providing mentorship and entrepreneurial training.