Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Lots of Aid at Hand for Start-Ups; Mentoring Companies, Law Firms and Accountants Can Give Advice

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Lots of Aid at Hand for Start-Ups; Mentoring Companies, Law Firms and Accountants Can Give Advice

Article excerpt

STARTING a new business is not as simple as it seems and often successful business owners received fundamental advice at the start of their journey.

Sometimes just one piece of advice helps to guide them and other times it is an ongoing relationship with someone who is there to encourage them and help to jump the hurdles often encountered with new business start-ups.

There are the legalities associated with businesses, administrative costs, technical operations, marketing and accounting.

Having a mentor is a great option for those new to the business world as they can offer advice, helpful tips and share useful contacts.

Michelle HamerCOs business Smart Advice offers tips and tricks for businesses to work more efficiently and effectively, and she has also provided informal mentoring in the past.

C[pounds sterling]A mentor is someone who has successful experience, not just experience,C[yen] Ms Hamer said.

C[pounds sterling]They should be doing that business themselves and be successful at it. For example, a financial planner should be successful financially because you donCOt want a mentor who is new to the business.C[yen]

She said a mentor could offer support in tough times.

C[pounds sterling]They can offer advice about areas you donCOt know about or how to get around the tough decisions by discussing what the decision-making process might be and they can help you to narrow it down in order to make that decision,C[yen] Ms Hamer said.

Mentors often would help your business venture for a short while, but Ms Hamer said as your business evolved you might want to invest in a different mentor.

There are many other professional services available for businesses on the Sunshine Coast from mentors and technical consultants to lawyers and accountants.

One Coast law firm has gone a step further to attain accreditation in employment law, specialising in issues and considerations that may arise or need to be accounted for in the workplace. …

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