1 GOAL SETTING
Identify what stage of the Business Lifecycle you are at and what you want to achieve. Do you have an idea for a business and want to explore it a bit more? Do you have a business that started as a hobby and want to expand? Have you tested your idea, confident that it will work, and want to know the next steps in opening?
2 DEVELOP YOUR SKILLS AND KNOWLEDGE
Check out IBA’s range of free workshops to find out what you may need to achieve your goals. Our Business Essentials workshops will assist you to design your business and help you to identify some of the actions that may be needed before you take the next step.
It’s important to fully consider all parts of the business and the market before you start. Research can help you find the answers to some questions that relate to key aspects of the business that you may be unfamiliar with.
Setting your goals, building on your existing skills and knowledge, collecting as much information about your business idea as you can, will help you and others determine the next part of your business journey.
5 CONTACT IBA
Starting a business can be one of the most exciting times of your life, but also one of the most overwhelming for the unprepared. Knowledge of the industry that your business will operate in, who your competitors and customers might be, what your goals are, an understanding of some of the challenges that you may face and more, are important when planning for business. A great resource to help you prepare for business is IBA’s Business Essentials workshops and a good starting point is the weekly online Your Business & IBA Info session.
Another helpful resource to assist you to prepare for starting a business is business.gov.au.
IBA has a range of products and services that can assist you to plan and prepare but you will need to be committed to making your business work. It’s your business to make it successful! It’s our job to help you along the way.
To help you along your business journey we also have:
To support your learning and development across the Business Lifecycle, IBA has a range of workshops available.
Once your business concept becomes more established, IBA can work with you to understand your business goals, develop your ideas and identify what type of support your business may need. Our Business Development team can also link you to other networks and resources for information and support to help you hit your goals. Depending on the strength of your proposal we can provide access to an external business consultant to provide your business with specialised technical support.
When you’re ready and have a viable business proposal developed, IBA has Start up Finance that can assist to get your business started.
 Businesses that have not traded are eligible irrespective of forecasted revenue in the first full year of trading.