Success for Small Businesses

Success for Small Businesses is specifically designed for aspiring and existing small business owners, entrepreneurs, and individuals looking to establish a strong foundation for their business ventures. This course welcomes participants from various industries and backgrounds, including: 

- Startup Entrepreneurs: Individuals with innovative ideas and a vision to create new businesses from scratch.

 - Small Business Owners: Current business owners seeking to improve their understanding of essential business practices and compliance requirements. 

- Freelancers and Self-Employed Professionals: Individuals operating as freelancers or in the gig economy who want to transition into small business ownership.

Course Content

Pre-Course Survey: Participants will be asked to complete a brief pre-course survey to tailor the content to

their specific needs and preferences. The survey will include questions such as:

 - How long have you been operating your business?

 - How many staff/employees do you currently have?

 - Course content areas of most interest (participants can select multiple topics).

 - Any additional topics or interests not covered in the course outline that they are interested in. 

Topics Covered:

Inland revenue department: 

• Compliance & business entities (NZBN, Bank account) 
• GST & IRD 
• ACC 
• RealMe 
• Creating good TAX habits

Compliance:

• Do I have the right accreditation for the job?
• Health & Safety
• Sitewise or other pre-qual systems required (IMPAC, Nailed it)
• Employment contracts
• Public Liability Insurance (and other insurances)

Pricing/costings: 

• Pricing jobs correctly
•  Working out your fixed & variable costs to get your unit of cost
• Knowing your worth
• Be careful of discounting the GST!

Accounting practices:

• Cashflow
• Reserves, contingency
• Keeping good financial records/receipts.
• Financial software Xero vs Hnry
• When do I need a bookkeeper/accountant?

Social procurement:

• How do I tender for the bigger jobs?
• GETS
• Whāriki/Amotai/Te Puni Kōkiri/FNDC
• Join associations – BPW, KBA, etc
• Networking

Next Steps:

- Participants will have the opportunity to connect with the course instructor or facilitator for follow-up questions or personalized guidance.

- Information on future courses, workshops, or resources related to entrepreneurship and small business development will be provided.

Participants should attend Success for Small Businesses for several compelling reasons:

- Comprehensive Knowledge

This course covers a wide range of crucial topics, from tax compliance and legal obligations to pricing strategies and marketing. It provides participants with a well-rounded understanding of what it takes to run a successful small business.

- Compliance Mastery

Understanding and adhering to New Zealand's business compliance regulations is vital. This course equips attendees with the knowledge needed to navigate complex compliance issues, ensuring they avoid legal pitfalls and financial penalties.

- Financial Empowerment

Small business owners must be financially savvy. Participants will learn about cash flow management, cost analysis, and the importance of keeping accurate financial records, all of which are essential for long-term success.

- Networking Opportunities

Entrepreneurship 101 encourages networking among like-minded individuals. Attendees can connect with peers, industry professionals, and potential partners, fostering valuable relationships for future collaborations and support.

- Strategic Business Growth

Whether starting a new venture or looking to expand an existing one, this course provides insights into tendering for larger contracts and accessing resources through organizations like GETS and various associations.

After attending  Success for Small Businesses participants will be equipped with:

In-Depth Knowledge -  A solid foundation of knowledge on compliance, financial management, pricing strategies, and legal obligations specific to New Zealand, ensuring they operate their businesses confidently and legally.

Effective Business Planning - The ability to create and implement robust business plans, including tax strategies, financial forecasts, and marketing

plans.

Compliance Knowhow - An understanding of NZBN, IRD, ACC, and other essential compliance components, ensuring they can navigate

regulatory requirements seamlessly.

Financial Competence-  The skills to manage cash flow, calculate costs, determine pricing strategies, and make informed financial decisions.

Networking Resources - Access to a network of fellow entrepreneurs, business associations, and valuable resources for ongoing support and

growth.

Tendering Skills - The knowledge and confidence to tender for larger contracts and tap into opportunities in the public and private sectors.

This workshop is the ultimate guide for anyone seeking to thrive in the small business landscape, empowering

participants with the tools and knowledge they need to chart their path to entrepreneurial success.