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  • Aug 8, 2016
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New Business Mentoring Program

Foundation Broken Hill is about to launch an $80,000 business mentoring program to enhance the sustainability of new local small business ventures and the successful growth of existing businesses.

The Foundation is partnering with the Murray-Darling Basin Regional Economic Diversification Programme to deliver the program through its Energise Enterprise Fund and has matched a $40,000 grant in order to extend the reach and depth of assistance.

More than twenty businesses will be invited to take part in the Business Mentoring and Development Program, which will be open to small business owners developing a business concept, in the start up phase or looking to expand.

Foundation Chair Vince Gauci says this type of program has long been identified as needed in the region, with many small business owners unable to access mentoring tailored to their specific issues.

“This program goes well beyond helping businesses to develop a business plan. It’s about identifying what each venture needs in order to be sustainable and helping appropriate businesses to plan growth that is also sustainable.”

The mentoring support will be free to businesses accepted into the program. Foundation Broken Hill has engaged a currently Adelaide-based business consultancy ‘Break Free Solutions’ to deliver specific aspects of the program. Principal Consultant Fran Savage is a professional in the field of Business Mentoring with appropriate qualifications and intimate knowledge of the local business community.

Apart from the twenty businesses directly participating in one-to-one mentoring, the program will also deliver a series of workshops to the broader business community – again, free of charge – which will discuss expansion and sustainability strategies relevant to our local businesses and the local economy.

The first step in the program is a 90 minute Information Session to be held on Monday 22 August at 5:30pm at the Foundation Offices at 242 Blende Street. This session will also include a short presentation on business strategies as a kick-start to the program.

After the information session businesses can register a further interest in participating and those approved will be able to use the funded program for one-to-one mentoring sessions and individual business assessments which look directly at their specific business needs.

Foundation Manager, Kimberley Fell encourages small business owners and those thinking of starting a venture to attend this first forum.

“There is no cost to attend this session and there is no obligation to continue with the program. This session is about explaining to you what the Foundation is offering and gain your input as to how the program could specifically help your business. I’d be happy to provide further information through our office, but we do need to know numbers attending prior to the event so registration is essential,” Ms Fell said.