Sources of Information Flashcards
What are the sources of Information
Professional advisors
(accountants, solicitors, bank managers, management consultants)
Government agencies:
-local
-state (Business Enterprise Centres
and NSW Trade and Investment)
-federal
Chambers of Commerce
Small Business Association of Aus and NZ
Trade associations
Libraries and references
Australian Bureau of Statistics
How are the 4 professional advisors sources of information?
Accountants- advice on financial management issues and taxation obligations
Solicitors- information on business formation and structures, registrations, contract leases, partnership agreements- up to date with company law
Bank managers- financial services, sources of finance and basic business management
Management consultant- come from outside the business- more objective and view problems from unbiased manner
How does state government act as a source of information for businesses?
state government have agencies that provide support and advise to businesses such as NSW Trade and Investment commission and Business Enterprise Centres
what is the purpose of NSW Trade and investment
it is a government department that provides:
info and advice on starting and managing a business
interactive tools to assist owners starting and running businesses
programmes to develop key business skills
What are Business Enterprise Centres and their purpose
BEC is not for profit network of business enterprise centres that provide support to SME owners
they provide….
advice on how to establish a business
examples of business plans
methods of identifying business opportunities
mentoring- business advice, training, networking events
How does the federal government act as a source of information for businesses?
-Operate the websites
www.business.gov.au and
digitalbusiness.gov.au
-advice on fair trading and taxation
-Offer access to government departments such as department of Industry
-departments provide advice on issues such as overseas exports and development of new products
How does the local government act as a source of information for businesses?
local councils offer advice on land zoning and development applications
create employment encouraging businesses
