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| Business
Counselling
The Business
Counsellor acts as a "sounding board" for people with business
ideas, offers constructive suggestions and identifies possible
problems that may not have been thought
of.
Key Benefits
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This service provides people
embarking on a new enterprise or project access to an experienced
and friendly ear to share their ideas and concerns.
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The Business Development
Counsellor has access to information on business registrations,
licences, regulations, business structures, taxation, obtaining
bank finance, employing staff, and can assist you work through a
basic business plan and financial projections to determine if your
business proposal is likely to succeed.
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Several local professionals
such as accountants, solicitors, and patent attorneys provide a no
cost initial service to businesses referred to them through the
SBCBW.
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People wanting to start their
own business often simply don't know what steps they need to
take. The Business Development Counsellor can give them
information on the various things that they should do to start
their business off on the 'right foot'.
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The most important question
the Business Development Counsellor assist the new business
proponent to answer is 'Is this idea likely to be financially
viable?'
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Through simple market research
and working through proposed cash-flow projections, the answer soon
becomes clear. If the business appears viable at this stage,
the counsellor will assist the owner/s to put together a business
plan for their proposal, outlining a very clear direction, goals
and plans for the first few vital years of a new business
venture.
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