Basics of business acumen pilot program

The Basics of Business Acumen pilot program is designed to empower business growth and resilience.

The program will equip businesses with the foundations of business acumen using a personalised and collaborative approach including:

• business health checks
• workshops
• one-on-one coaching
• an interactive peer-support environment.

Key program topics

Understanding business fundamentals

• Financial management, including budgeting and cash flow
• Insurance considerations and risk management
• Business structure and legal obligations
• Understanding business expenses and cost management
• Tax obligations and compliance

Developing a business strategy for implementation

• Vision and strategic development for sustainable growth
• Identifying target markets and expanding reach
• Financial planning to execute growth plan
• Continual review and adaptation of the business plan to grow with changing circumstances

Opportunity

Basics of Business Acumen is heavily subsidised by the City of Gold Coast. Participants contribute only $220 each to the consultant.

The program is delivered by a leading consulting firm to a cohort of up to 25 local businesses from the Northern Gold Coast.

The program is an invaluable opportunity for your business to gain insights, networking opportunities and the tools needed to take your business to the next level at an affordable cost.

Commitment

Participants contribute $220 to the consultant (valued at more than $1600).

The program will be delivered within the 2023-2024 financial year.

A director, owner or principal decision-maker must be able to commit time to:

• attend 2 face-to-face workshops
• attend 8 weekly online workshops
• 2 coaching sessions.

Eligibility

• Must be an established small business based on the northern Gold Coast
• Provide a product or service that meets a demonstrated market need
• Need a review of your business plan, financials and target markets
• Have capacity to expand
• Have been operating for more than 2 consecutive years
• Have between 0 to 5 FTE employees
• Minimum $150,000 annual turnover in the most recent financial year

Enquiry

Expression of Interest for this year is now closed.

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