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  • #968906
    Sam S.
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    Hi all,

    I have been looking to get into my first business for quite a while, and have decided to go for a franchise (food), as I have no business experience.

    My question is, can anyone recommend any small business courses which help on giving basic knowledge, writing business plans, etc.

    Any advice would be greatly appreciated.

    #1035796
    Ginja77
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    Hi, I’m a newbie too. I have a link you may be interested in, this is from our economic development board website in my home town where they can help you setup/start your own business. It’s relevant to all small business ventures, so it maybe of some use to you. I found it helpful.
    http://www.wedb.com.au/businessservices/
    Hopefully, it works.

    Cheers
    Ginja

    #1035797
    Sean@dominiumcapital
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    Hi Sam. Without trying to sound “too tough” on you, I seem to have a come across a number of people on the site who have no business experience, but who want to get into the food industry as their first self-employed venture. I don’t know if it’s just a trend, but what I would say is that it’s a pretty tough industry to launch into with no experience, from my professional advisory experience.

    We have a number of clients who own food industry businesses – cafes, restaurants, to little “hole in the wall” coffee dispensaries. They’re great businesses, but hard work.

    What I would say – first up – is that you should go and work in a food business if you haven’t already (maybe you have – I couldn’t tell from your first post). The food industry can be rewarding, but it’s tough – it’s not for the faint-hearted or the lazy (not suggesting you’re lazy here!).

    Second – a good business course. If you’re keen on study, your local TAFE might have a course (Diploma of Business, for example) which might be a good starting point. Balance this idea with practical experience, though (as per my point above – actually working in the industry). Outside of that, look at a uni course in business or commerce. But, that’s a much bigger committment. And many would say that working in the industry will teach you a lot more.

    Outside of that, you should get your adviser(s) on board early, if you have them. Accountant, lawyer, business cosultant – they all have different skills and perspectives to bring to the table and it’s worth spending the money early to avoid crippling financial mistakes downstream. I am NOT suggesting you pay a fortune on these services, but don’t be frightened to spend a little to save a lot. This can, however, be an option for getting your plan written and usable (if you can’t do it yourself).

    Lastly: use this site! I’ve seen some great input from a lot of users on this site – people who genuinely want to add value and help. So, get amongst the different forum threads and discover as much as you can. I think this is a great site.

    Good luck with it all – don’t let someone like me put you off your dream, with my talk of food being a tough industry!! But, if I could summarise everything I’ve written above: just go into your venture with as much information as possible.

    I hope this post helps you out a bit.
    Cheers.
    Sean.

    Sean Dunne
    Dominium Capital
    http://www.dominiumcapital.com.au

    #1035798
    Sam S.
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    Thanks for the link Ginja, and Sean I appreciate the detailed post.

    The reason I have chosen the food industry is because this is what I am most passionate about and can see myself doing, and I have chosen to go with a franchise as I have no business experience. I am currently trying to find weekend work in this industry as you have suggested, and have passed my resume onto a few places so hopefully something turns up and I will get a feel for what it is really like.

    Once again thanks for the tips.

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