You've got an idea, it has a market, and you're ready to step out and build a business. What is the best path, what are your costs and what can you expect to earn?
Many new businesses fail because they don't actually know what they are selling! Without a real handle on your product and its value it is impossible to estimate your cashflow.
Is your product simple? Can it be offered in different ways, to different markets, packaged in different ways or linked to other products?
Can you name four different markets
for your product?
Do they use your product differently.
How do these consumers interact with your product?
Where does your market spend its time?
How are you going to reach them?
What is your marketing budget per sale?
Do you have a marketing plan?
What are your production/distribution/marketing costs?
Have you produced a profit and loss or cashflow estimate? How many sales do you need to replace your salary or make yourself $100,000 per annum.
Would you benefit from a 1:1 business concept and scoping sessions, helping you to take your ideas and develop a solid financial model to move you forward.
Or is it time to review your small business journey, checking that you are on-track and evolving your plans to suit a changing market?
With 22 years small business experience developed across five award winning businesses, we can now offer 3 hours of business mentoring fully subsidised by the Federal Government.
A $44 admin fee is applied, but we will provide that back to you in credit at Meeting Place MV (hotdesks, private rooms, NBN, photocopying or from our fully licensed cafe).
To be eligible to participate in business mentoring, your small business needs to fit the following criteria:
> Has an active ABN
> Under 20 Employees
> For-profit South Australian business
> Not received mentoring under this program before
Startup mentoring and established business review across all fields - with a particular passion for tourism / hospitality / vulnerable support focussed businesses.
Contact Mark on 0404295400 for more info, or click the link to apply: https://bit.ly/MPMVbusinesscoaching