Presentation on theme: "Support new and emerging business start-ups by: Building strong business foundations, focusing advisory services on business planning, financial management."— Presentation transcript:
Support new and emerging business start-ups by: Building strong business foundations, focusing advisory services on business planning, financial management and business structures Build capacity in existing businesses by: Building strong business foundations, focusing business advisory services on financial management and organisational governance; Improving business sustainability, focusing business advisory services on profitability, competitiveness and productivity; Identifying and advising businesses with growth and employment potential Encouraging diversification of business activity
REGIONAL BUY LOCAL INITIATIVE SBDC Stage 2 Commitments
SBDC Commitments Under RBLI Stage 2, SBDC has committed to develop and implement a small business capacity building program in regional WA. This program builds on work initiated in Stage 1 and consists of three key elements: Business diagnostic tool Matched grant funding program Capacity building workshops
Diagnostic Tool Assist small business owners identify areas of strength and vulnerability. Will allow business owners to work through aspects including finance and cash flow, business planning, marketing, premises, infrastructure and human resources with a third party service provider to ascertain areas for business improvement. Provides business owners with a report outlining the outcomes of the assessment.
Matched grant funding Linked to completion of diagnostic tool Development of matched grant funding program to facilitate access to business professionals for regional small businesses to address areas for improvement. Based on dollar for dollar matching principle up to the value of $5,000 per applicant.
Workshops Development and implementation of capacity building workshops to address regional specific needs. Workshop topics may include, but are not limited to, the following areas: Tendering, contracting and pre-qualification Developing your online business Using social media in your business Customer service Building better business management skills