Making positive impacts for Indigenous Business

WELCOME TO

Aboriginal Best

Business
Entrepreneurship
Skills
Training

What is Aboriginal BEST?

  • Open to all self-identified Aboriginal and Torres Strait Islander people of any age or background
  • Created and taught by entrepreneurs
  • Helps Aboriginal and Torres Strait Islanders who are interested in starting and running their own business
  • Supports Aboriginal and Torres Strait job creation and skills training
  • Facilitates new market opportunities both within Australia and abroad

WELCOME TO

Aboriginal Best

Business
Entrepreneurship
Skills
Training

What is Aboriginal BEST?

  • Open to all self-identified Aboriginal and Torres Strait Islander people of any age or background
  • Created and taught by entrepreneurs
  • Helps Aboriginal and Torres Strait Islanders who are interested in starting and running their own business
  • Supports Aboriginal and Torres Strait job creation and skills training
  • Facilitates new market opportunities both within Australia and abroad

About Aboriginal Best

Aboriginal peoples have a long history of entrepreneurship. From traditional commerce to international trade economies, the entrepreneurial spirit has existed for many centuries. In recent history, Aboriginal owned and operated businesses are growing and succeeding in all sectors of the economy, from technology and agrifoods to forestry and Aboriginal cultural tourism.

Aboriginal BEST helps to nurture the entrepreneurial spirit of people, communities, and organizations. Participants meet guest speakers, identify viable business ideas, determine their feasibility, and take steps to start or grow their own businesses. Learn to conduct market research, write business plans, and explore financing options on your journey to self-employment success!

Aboriginal BEST is for Aboriginal and Torres Strait Islander people, status or not, who are interested in becoming self-employed or starting their own business. BEST benefits people in all stages of business development who want to turn their dreams into reality. Some people are looking for a part-time business opportunity, others have a solid idea to research, and some are eager to write a plan that will help them launch or grow their venture.

Aboriginal Best Provides

  • Business training and counselling sessions
  • On-going mentoring
  • Help to start and grow your business
  • Aboriginal and local speakers
  • Business Plan competition
  • Domestic market data & sales strategies
  • Export market data & sales strategies

Aboriginal Best Training Sessions & Business Counselling

Aboriginal BEST is targeted at all Aboriginal and Torres Strait people who are interested and committed towards pursuing self-employment and entrepreneurship as a career option. Aboriginal BEST includes 12 training sessions and one-on-one business counselling. Below is a summary of all Aboriginal BEST program components:

Training
Aboriginal BEST workshop sessions are designed to help participants identify viable business ideas and determine their feasibility. Participants will also conduct market research, write a business plan, and explore financing options.

Aboriginal BEST provides a 12-session training series:

Session 1 – Entrepreneurship

  • What is an Entrepreneur?
  • Characteristics of an Entrepreneur
  • Advantages and Disadvantages of Being Self-employed
  • Mental Preparation
  • Goals From your Business
  • Ways to Begin a Business
  • Idea vs. Opportunity
    Business Ideas
  • What Types of Businesses are Needed in Your Area?
  • Business Planning
  • What Goes Into a Business Plan and
  • What You Will Learn During Aboriginal BEST

Session 3 – Competitors, Competition and Competitive Advantage

  • What is Competition and Who is a Competitor?
  • How to Get Customers: Competitive Advantage
  • Competitor Profile
  • Analysing the Results

Session 5 – Operations: Laws and Insurance

  • Legal Structure of your Business
    Location
  • Laws and Legal Stuff: Municipal,
    Provincial and Federal
  • Insurance and Risk Management
  • Types of Insurance

Session 7 – Funding: Where will you get the Money?

  • 5 Major Ways of Funding a Business
    • Cash Friendly Sources
    • Personal Resources
    • Equity
    • Debt Financing
    • Peer Lending
  • What Lenders look for: the 5 “C”s
  • How to Check Your Credit Record
  • Government-related Lending Programs

Session 9 – Costs and Pricing

  • Cost of Doing Business
    • Fixed Expenses
    • Variable Expenses
  • Pricing

Session 11 – Technology

  • E-Business
  • Planning an Internet Strategy
  • Internet Marketing Techniques
  • How to Choose a Web Designer

Session 2 – Market Research

  • What is Market Research?
  • Why is Market Research Important?
  • How to do Market Research
  • Primary and Secondary Market Research
  • Market Research in Aboriginal Communities
  • Interpreting your Market Research and Including it in Your Business Plan

Session 4 – Marketing

  • What is Marketing?
  • Beware of the Three Major
  • Mistakes most New Businesses Make when Marketing
  • Creating a Marketing Plan
    • Create a Benefit Statement for Your Business
    • Decide How Sales will be Made
    • Decide How to Reach your Customers with Marketing
    • Set a Marketing Budget for Your First Year
    • Choose a Variety of Marketing Methods
  • Put Your Marketing Mix into a Chart
  • General Marketing Tips

Session 6 – Operations: Tax, Suppliers, the Hired Help, Production Process and Capability, Professional Advisors, Financial Institutions

  • Tax and Aboriginal Business
  • GST Registration
  • Suppliers
  • The Hired Help: Staff and Contractors
  • Production Process and Capability
    • Professional Advisors
    • Accountant
    • Lawyer
    • Financial
    • Institutions: Banks and Credit Unions
    • Mentors
  • Australian Tax Office
  • Write-offs and Deductions

Session 8 – Financials: Personal Budget and Net Worth

  • Personal Budget
  • Personal Net Worth

Session 10 – Financials: Start Up and Cash Flow

  • Sources and Uses of Financing
  • Start up Expenses
  • Cash Flow
  • Income Statement
  • Balance Sheet
  • Break-even Analysis

Session 12 – Business Plan Executive Summary and Polishing Your Presentation

  • Business Plan Executive Summary
  • Polishing Your Presentation
  • Presenting Your Business Plan
  • Presentation Templates
  • General Presentation Tips
  • For more Information, Help and Assistance in Making Great
    Presentations
  • Useful Web Links

Domestic & Export Market Data & Sales Strategies

As part of our trade diversification strategy, Aboriginal BEST is advancing an inclusive approach to commerce. We seek to ensure that all of the Indigenous peoples can benefit from the opportunities that flow from both Australian and international trade and investment.

We inspire, educate and support all Indigenous entrepreneurs. Aboriginal BEST offers:

Business support program
We provide you with the business leads that you need to prosper.

Funding
Learn about financing and funding programs to help Indigenous businesses grow

Trade missions and events
Indigenous trade missions and business delegations help you connect with partners, buyers and contacts.

Resources
Find resources to get your Indigenous-owned business ready to expand into new markets.

Opportunities for Indigenous businesses
Certify your business as Indigenous-owned to increase your opportunities.

Recognition, awards and connections
Celebrate your successes; increase your prestige and your recognition.

Fill out the form and we will help you solve your problem!

Whether you prefer phone, in-person or online assistance, we’re always here to help.

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