The news of a local business, a play centre, having to close because they couldn’t access appropriate insurance cover hit the media this week. Unfortunately, the situation this small business found itself in has become increasingly common. Hardening of the insurance market Because of a number of factors affecting underwriters’ risk appetite...
Sean Thompson has always had an entrepreneurial spark, but it was a chance remark from a friend plus the solid support from his family that led to him taking a leap into business ownership with Geraldton Party and Event Hire. While working as a postie in the Mid West City of Geraldton for the last ten years, Sean Thompson had a yearning to own and...
Burnout is a state of exhaustion that is typically caused by chronic stress. While not a diagnosable medical condition, it is now classified by the World Health Organisation (WHO) as an occupational phenomenon.
In 2015, Claudia Franke started her IT consulting business in her spare time while still working in an office-based role. After two years of building her business, she resigned from her IT day job to focus on providing IT consulting, support and training services for small businesses. The move to create her own business, Fraulein Tech, allowed...
We all want to avoid non-essential costs when starting a business. The good news is, there are some amazing free resources available to get you started on your business journey. Here are some of the best. 1 - Free Starting a Business workshop If you are new to business, our free Starting a Business workshop is the best place to start. You’ll cover...
As tax time draws nearer, you might be wondering what you can claim or ‘write off’ as a tax deduction this year. It’s important to know exactly what you can – and can’t – claim to avoid running into issues later. Our business adviser, Brian Childs, shares some of his top tips for small business owners around claiming tax deductions. Beware of...
Are you thinking of funding your business with a bank loan? It may be helpful to know what financial institutions are looking for when deciding whether to approve your business loan application. How banks decide whether to give you a business loan While there are a few different ways to fund your business, including through your own savings or...
Tune into RTRFM’s ‘Taking Care of Business’ program to hear up to date small business advice from the SBDC team.
Most businesses evolve over time. You may start off running a small at-home business and then branch out to hiring staff, moving into business premises or offering new products and services. If you’re starting a business or planning changes to the way you operate, we recommend taking a moment to check if there are any additional licensing...
If you’re setting up or buying a food-based business, there are two key features to look out for when leasing your business premises.
Having the right mindset is key to success in small business. Adwoa Abban sees every project as a win – and has used a range of our SBDC services to set up, expand her knowledge and grow her business. Quantum Phases Consortium is an independent cost, contracts and claims consultancy based in Perth. Adwoa Abban, the principal consultant and owner of...
Grant funding could provide your small business with an opportunity to invest in new equipment or projects, launch a new product or service or expand your operations. With many business grants being competitive, it’s good to know how to give your application a competitive advantage. If you’re looking for ways to finance your business growth, grant...
