1.2.8 Business Support Services Flashcards
1
Q
Types of support services
A
- Legal + financial advice
- Technological advice
- Community-based services
- Informal networks
- Formal networks
- Federal, state + local governments
- Business mentors
2
Q
Solicitor
A
- A professional
- Provides advice on legal matters
- Such as partnership agreements, formation + structures, contracts, leases, patents + legislation
3
Q
Accountant
A
- Professional
- Provides advice on all financial management issues + taxation obligations
4
Q
Bank managers
A
- Advice on financial services, sources of finance + basic business management
- Have experience
- Can access resources of the bank
5
Q
Tehnological advice
A
Includes:
- Establishing an online presence
- Networking a number of computers within business premise
- Making maximum use of mobile devices
6
Q
Community-based services
A
- Provides people with the opportunity to engage in community service projects
- Puts them in tough with other local business people
7
Q
Informal network
A
- An unofficial interconnected group
- E.g. friends, family, social media
8
Q
Formal networks
A
- Official + professional
- Interconnected group of people + businesses
9
Q
4 Formal networks: private
A
- Chamber of commerce
- Vicotrian chamber of commerce + industry (VCCI)
- Small business association of Australia
- Trade association
10
Q
Chamber of commerce
A
- Local associations of business people
- Provide legal + financial help
11
Q
Victorian Chamber of Commerce + Industry (VCCI)
A
- State’s main employer group
- Australia’s largest multi-industry employer organisation
- Concerned with human resources + industrial relations issues
12
Q
Small Business Association of Australia
A
- Lobby group
- Organise training days
- Promotes the role of small businesses + their importance to the total economy
13
Q
Trade Associations
A
- Offer specific industry info + assistance
- E.g. Australian Retailers Association, Australian Medical Association
14
Q
Federal government
A
- AusIndustry: federal gov principal agency for delivering assistance programs + services that support businesses
- ABS, ATO, AusTrade
15
Q
State government
A
- Victorian Small Business Commision (VSBC): statuatory office established to enhance a competitive + fair operation enviro for small + medium businesses
16
Q
Local government
A
- Offer advice on land zoning
- Assist with subsided land
- Consider development applications
17
Q
Business mentor
A
- An experienced + knowledgable business person
- Provides guidance, advice + strategies
