Most business owners who’ve worked hard to establish their business, want to see it continue to thrive after they leave. A succession plan, or exit strategy, determines the best way to leave a business, whether that’s by sale, passing it onto other family members, introducing new management, or simply reducing your role in the business. Succession...
Your business name is a valuable asset, so when you receive a renewal notice your first thought is often to pay it straight away. While the notice letter or email may look official, you may not realise that it may have been sent by private organisations looking to make money from you. These unsolicited approaches are often made just before the...
Taking some small actions can often help ease a larger burden when it comes to managing your wellbeing.
Gary Mitchell knows just how much the world of small business has changed over the past 30 years. He credits the SBDC with helping him get through the tough times to help his business thrive. For more than 30 years, Gary Mitchell has been carving a niche in WA’s small business landscape. His business, Framous Picture Framing, offers a range of...
Here are three factors to consider when you’re planning a fit out for business premises you will be leasing.
Keen to use your culinary skills as part of a new business or side gig? Here are our top tips to help you find the recipe for success.
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...
If you’re one of the many small business owners across WA facing rising costs, uncertain economic conditions and the impact of inflation, you’re not alone. While you can’t control these factors, you can take action to help put your business in the strongest position possible. We asked one of our experienced business advisers, Brian Childs, for some...
When business owner Jorden Williamson opened a Pokémon Booster Box with a mate on Facebook via live a few years ago for fun, they didn’t envision it would lead to opening a popular bricks and mortar shop in central Geraldton, WA. The trading card enthusiasts who have been friends since they met as teenagers, were having a quiet beer one night when...
If you have never ventured into the world of business ownership before, you may be wondering how different it will be from being employed by someone else. We put together some details on how owning your own business can be a different experience from being someone else’s employee. Flexibility No matter how adaptable your employer is, it’s hard to...
If your business is involved in some kind of a dispute, you’re not alone – and help is available. Here are some of the most common disputes in small business, followed by what you can do about them. Contractual disputes A common example of a contractual dispute is when you may have paid upfront for services that you haven’t yet received, such as a...
Connecting to a business adviser at the SBDC can make the world of difference to any new business according to artistic business founder, Kym Gow. “It is daunting starting out in a new business,” Kym said. “I wish I'd known about what was on offer from the SBDC in the beginning.” Colour Passion is an online business that provides high quality...
