Holidays spur new business ideas

Whether it’s the relaxation of a summer holiday or a reluctance to return to a boring job, many Western Australians use the Christmas break to consider starting a small business of their own.

Business advisers at the Small Business Development Corporation (SBDC) are accustomed to a run of budding entrepreneurs contacting them during January and February to explore new business ideas.

SBDC Chief Executive Officer, David Eaton, says anecdotally it would appear that holidays away from work are a popular time for people to consider changing their working environment or taking the plunge into a business of their own.

“Last year, more than 1,700 budding entrepreneurs attended our workshops for business starters, including 215 in the holiday months of January and February,” Mr Eaton said.

The SBDC’s free, two-hour Business Basics Workshop provides participants with the information they need to start a business, including evaluating a business idea and deciding whether they personally have what it takes to run a business.

“It’s just as important to establish whether you have the right personality to run a business, as it is to check whether you have the financial capacity to bring your business idea to market,” Mr Eaton said.

Other workshops on offer during January and February 2015 include 12 Steps to Business Planning, Marketing your Business, Website Basics, Online Marketing, and Understanding your Business Financials.

The SBDC specialises in assisting Western Australians to start and develop small businesses. During 2013/14, 55,000 clients from around the State received assistance, either directly or through a small business centre.

“Ninety three per cent of our clients in 2013/14 said the information and advice provided was of value to their business,” Mr Eaton said.

Fact file:

– SBDC is a state government agency, established in 1984.

– SBDC is now in its 31st year of supporting small business.

– 209,000 small businesses in Western Australia represent 97 per cent of all businesses in WA.

– Small business provides around 40 per cent of all private sector employment.

– In 2012-13, small businesses contributed almost 44 billion dollars to the WA economy.

 

Media contact: Di Graham (08) 6552 3218 / 0432 750 565