Running a World Class Business From HomeBusiness From Home

What Does It mean to Run a Home Based Business?

• Work either at Home or from Home

• Balance business & family responsibilities

• Work alone or very small team - isolation

• All departments lead to you

• Many large profitable businesses were started at home

Why I Pine for the Daily GrindWhy I Pine for the Daily Grind

What Makes a SuccessfulHome Based Business?

• Same elements as any successful business

– Great Service & or Product– Strong Business Plan– Value Proposition– Great Positioning & Marketingg g– Strong Execution – Great ROI for Business Owner & CustomerGreat ROI for Business Owner & Customer– Monitoring & Improvements

How can BEC Assist you?How can BEC Assist you?

The Business Enterprise Centre’s mission is “helping business in our community tois helping business in our community to

grow & prosper”.

Not for Profit funded by all local, state & y ,federal government

BEC assists local biz by:BEC assists local biz by:

• Delivering– Free Confidential Business Advisory Services y– Practical Business Tools eg Business Plans, Marketing

Plans, Financial Plans

– Business Training Workshops – Mentoring – Business Introductions– Information Dissemination– Networking Events– Member to Member Referrals

Is it lonely at the Top?Is it lonely at the Top?

Do you need someone who is excited about your business?

Would you like to know what business grants are available?

Business Advisory ServiceBusiness Advisory Service

For start up & established businessesA f bj ti f i l & fid ti l– A free objective, professional & confidential advisory service to assist you to grow your b ibusiness.

– An extensive referral service to local professionals, (Accountants, Solicitors, Insurance, Marketing, IT)

– Service is focused on building business gsuccess over time .

What Makes a SuccessfulHome Based Business?

Strong Business Plan

“If you run your business by

Strong Business Plan

If you run your business by guesswork, without practical and definite plans, you are like a ship without a rudder. Sooner o late o ill end p onor later you will end up on the rocks.”

Napoleon Hill, “Think and Grow Rich”, 1937

Business PlanBusiness Plan

Provides a link between the business goals and objectives and how the business isand objectives, and how the business is operated

A more systematic approach to managing a businessa business.

Allows better use of resources.Enables monitoring/measuring of progress

against objectivesg j

Lack of Planning could lead to this!

Instead of This!!!Instead of This!!!B i Ad i S iBusiness Advisory Service

Business Plan templates

Business Plan Workshops

Networking breakfasts withNetworking breakfasts with business topics and tips

Financial Management reports thatFinancial Management reports that keep business on track

Advice re HR and Government compliance

What Makes a SuccessfulHome Based Business?Great Positioning & MarketingGreat Positioning & Marketing

Does your biz stand out from

crowd? D ff t ROI? Do you offer great ROI? Do you provide great customer

service? Are you easy to find? Do you know who your ideal

t ?customers are? Are you communicating with

them in the right way?g y

What Makes a SuccessfulHome Based Business?

Strong Execution Monitoring & ImprovementsStrong Execution, Monitoring & Improvements

Do you have clear and efficient admin procedures in place?

Do you understand the Do you understand the financial drivers of your biz?

Have you delegated tasks to others?

Have you allocated time to work on the biz and not in thework on the biz and not in the biz?

Do you monitor regularly & act di l ?accordingly?

Do you need help to think outside the box?

How do you become the Expert Your Business Needs?

Attend BEC workshops Read business magazines &

booksbooks Network with other business

owners Attend BEC Briefings &

Breakfasts Read BEC and others business Read BEC and others business

newsletters Become a member of the BEC

Membership benefits?Membership benefits?

Discounted rates to all BEC events & workshops Listing in BEC Business Directory on BEC website Post business articles on BEC site with your business contact & Post business articles on BEC site with your business contact &

link to site Free Direct Marketing to BEC network via Member specials Inclusion on referral sheet used for Business Advisory Service BEC Logo with words “Proud Member of” for your site I it ti t b l f ti & t Invitation to members only functions & events Reduced hire rates for BEC Training & Board Rooms Free usage of BEC interview room on designated days Free usage of BEC interview room on designated days Free access to Dunn & Bradstreet Business Who’s Who database

Upcoming eventsUpcoming events28th May Legal Issues for Managing Your Business28th May – Legal Issues for Managing Your Business

3rd June – Networking Breakfast Miranda RSL

9th June – Starting a Business

10th J W b M k ti St t i10th June – Web Marketing Strategies

11th June – Marketing & Sales Forum

18th June – Networking Breakfast Penshurst

23rd June – Hire Manage Fire – Doing it the Right Way

9th July - Business Planning, Create you own Visual Business9 July Business Planning, Create you own Visual Business Plan

YOUR BEC – business resources in our community

www becsmallbiz com auwww.becsmallbiz.com.auTel: 9545-5900

Running a World Class Business From HomeBusiness From Home