The importance of a good business plan and great mentor

South Australian Business News
Elisa Luck
Thursday, June 6th 2024

Business Plan Review Panel (from L to R: Daniel Navacchi, John Travers, Michael Tellis, Kristian Downing, Jason Boccaccio and Tim Lavis)

One of the many benefits for aspiring entrepreneurs or those who want to grow their business that participate in our Entrepreneur Programs is the access, support and guidance they get from our Program Mentors and the ability to have their Business Plans reviewed by a team of experts! 

Participants from the South Australian Business Chamber’s Entrepreneur Program September 2023 intake are almost at the end of their program journey and have worked diligently to develop their own individual Business Plans. 

Last week at the South Australian Business Chamber the excitement was palpable because our Program participants got to present their Business Plans and get feedback from a team of very passionate and talented Mentors. 

Elisa Luck, General Manager of Programs & Consulting at the South Australian Business Chamber said We are very fortunate that we have a volunteer team of Mentors and Facilitators, work provide highly valuable support in undertaking reviews of Business Plans and much-needed feedback to our Program participants on their Plans’. 

I don’t know of any other programs that provide mentoring sessions and workshops and enable participants to gain an understanding of business fundamentals and most importantly at Program completion, arm them with a comprehensive, fully formed business plan, ready to successfully launch or establish their business’ Luck said.

Our Mentors are dedicated with years of experience and are very passionate about giving back and supporting Program participants to develop business skills and confidence to bring their business concepts to life or to further develop their business’.

One of our program mentors and business plan reviewers on the night, Michael Tellis, had many wise words for our budding entrepreneurs including Starting a business is like doing your apprenticeship all over. Be patient, observe, listen to mentors, learn as you apply knowledge, experiment, and keep fine-tuning”. 

Michael also encouraged participants with his advice that you can have the best plan in the world but if you don’t start you won’t have a business. Even starting small will give you valuable feedback to learn about being in business, and your customers and feedback helps you fine-tune your offering”.

The South Australian Business Chamber would like to extend a very big thank you to its Program Mentors and Business Plan Review Panel: Jodie Cole, Kristian Downing, Michael Tellis, Tim Lavis, Jason Boccaccio, Daniel Navacchi and John Travers.

If you are looking at turning your business idea into a reality, the South Australian Business Chamber’s (SABC) Entrepreneur Programs can support you with this. Our Programs enable entrepreneurs of all ages to attend after-hours monthly content-specific workshops delivered by industry experts and learn how to develop a comprehensive business plan and a sustainable business model. 

To find out more or apply for our Entrepreneur Program here

If you are an established small business and looking to take your business and knowledge to the next level, our Business Fundamentals Program is perfect for you. This 4‑month program will give you the knowledge and tools to plan and grow your business successfully. 

This program is held at SABC, Unley, and delivered through six interactive workshops, three of which will be delivered as a full-day in-person session, and three delivered online as half-day workshops. The commitment that is asked for of the participant is 3 full-days and 3 half-days over 4 months. 

The Program is worth $3,000 and is heavily subsidised by the State Government. Applicants for the Program are required to pay $500.00 plus GST. To find out more or apply for our next intake register here

The Business Fundamentals Program is an initiative of the Government of South Australia’s Office for Small and Family Business and the South Australian Small Business Strategy 2023 – 2030.



Author

Elisa Luck

General Manager, Programs and Consulting
Recent Articles
11 Jul 2024
Everything you need to know about new delegate’s rights terms in Modern Awards
11 Jul 2024
Barossa winery snaps up additional land as China exports boom
11 Jul 2024
Need help to start your own business or grow an existing one?
9 Jul 2024
Illuminate lights up Adelaide for launch weekend
9 Jul 2024
Snap checks-ins on stone businesses set to commence
9 Jul 2024
Toolkit to help celebrate National NAIDOC Week