It is very important for any small business owner to know how to keep sound financial records but more importantly understand how to use those financial reports to make informed decisions. 

This workshop is designed to provide an overview of record keeping responsibilities and provides practical exercises in the tasks required to manage a business through record keeping. 

By attending this workshop you will develop an understanding of financial control and the importance of cash flow. Practical exercises demonstrate how to treat petty cash, cash payments, cash receipts, daily bank balances and bank reconciliations.

Time  :         9.00am to 12 noon  
Date   :         Friday 14 November  
Cost   :        $45.00 per person – light refreshments provided
Venue  :       Illawarra ITeC Wollongong

Business Planning Workshop   

A good business plan will increase your chances of business success. It will help you identify your customers, market area, pricing strategies, financial and operational goals. By completing a business plan you will better understand your competitive advantages, new opportunities, current weaknesses and longer-term objectives for the business. Having a business plan is also an important requirement for gaining finance from financial institutions.

The aim of this workshop is to provide an overview of the business planning process and increase the skills of participants to enable them to complete a business plan for their business. Business Plan templates will be provided. 

Time  :  12 noon to 1.30pm 
Date   :  Thursday 20 November 
Cost   :  $33.00 – light lunch included  

Are you charging the right price to make profit in your business

Price is one of the things that can cause the most grief in business. Is my price too high, too low, should I offer discounts?

In this workshop you will :

• Identify what profit is
• Know the elements of a Cost Structure
• Understand pricing
• Learn how to determine the break even point
• Examine how profit differs from Cash Flow
• Apply the concepts to a case study.

Time  :  9.30am noon to 12 noon
Date   :  Friday 28 November  
Cost   :  $40.00 – light refreshments included

Marketing workshop

It is not enough to just have a fantastic product or service; you also need to be able to understand how to market your product or service to potential customers and clients. 

This two-hour workshop will help you understand the different aspects of marketing, help you understand how your product / service fits into the whole market and how you can market your business more effectively.  We will discuss:

• Conducting Market Research
• Who is your Target Market / Competitors
• The Four Ps of Marketing
• SWOT Analysis
• Requirements of Developing a Marketing Plan

Time  :   9.30am to 12noon  
Date   :   Tuesday 2 December   
Cost   :   $40.00 – light Refreshments included

Free business advisory services

The Illawarra ITeC has five Small Business Programs to help you get started and further develop your established business. All programs provide free and confidential business advice and are available free of charge in the Illawarra, Southern Highlands and Shoalhaven areas: 

• Illawarra Business Advisory Service (IBAS)
• Business Enterprise Centre (BEC)
• New Enterprise Development Scheme  (NEIS)
• Illawarra Innovation Advisory Service (IIAS)
• Aboriginal Enterprise Development Officer (ADEO) Program

Serviced offices - available 

Are you looking for serviced offices in the CBD of Wollongong for a reasonable cost?

Illawarra ITeC has fully serviced office space available now
No LEASE – Monthly Rental Agreement only.

Run your business from establish offices in a prime location or utilise Illawarra ITeC’s virtual office facility.

Benefits include:

• Short term / Long term availability
• FULLY serviced offices
• Reception/Mailing/Cleaning
• Your phone answered in your business name
• Business name signage

Additional services available:

• Broadband Internet Access
• Undercover Parking available
• Training/Casual Interview Rooms for hire

Premises located at:  
1/336 Keira Street (Cnr Keira & West Streets) Wollongong NSW 2500. 
Contact Sarah or Rebecca on 4223 3100 to arrange an inspection and discuss rates.

Do you receive our weekly Illawarra ITeC Small Business News Newsletter?   If not, email Virginia today on ibec@illawarraitec.com.au and we will automatically send you a copy.  

This is only a brief outline of the types of small business advice and assistance that we can offer. Want to know more?  Remember I am a FREE service and can assist you in developing your business in many ways.  Call me today on 4223 3100 or check out our website at www.illawarraitec.com.au