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0 votes
2 answers
114 views

How do you find a Business broker

Our Business has been going well, however we are experiencing Cash flow issues and are needing advice on the possibilities to consolidate and Finance to help us through but have no idea where to start.

0 votes
2 answers
141 views

Is it a wise idea to share ideas etc with another businessperson also struggling?

I was introduced recently to a coach (lifestyle) who has been struggling to get clients in with a view to see if we can help each other. He has been to a lot of seminars and read a lot but can't seem to get off the ground.(I suggested he follow my path re Mentored.com.au). NO whinging we agreed but trying to sort out mutual difficulties re positioning and attracting clients. I don't think it's the blind leading the blind at all, but I am wondering what the Mentors think and whether they might have some constructive ideas for me to place on our agenda etc.

1 vote
3 answers
129 views

Need advice about business idea for construction industry.

Hi. My name is Roman and I'm looking for business advice. I'm planning to open business to provide labour hire service online for construction job sites Australia wide(develop app and web site). Need someone help how to bring my idea to live business. Regards Roman

Start Up

0 votes
3 answers
158 views

Working capital

Bought an established rundown pizza/pasta business. Have done renovations and rebranded, and have gone over budget. Need to open next week. Can we obtain operating capital of $15-$20K with no financials to get us going? Have forecasted budget and cashflow to average takings of $10K+ for the next 12 months.

Start Up

0 votes
1 answer
110 views

How do I launch, on a shoestring budget a new medical therapy device

I designed carer/user operated bike for older children and adults with both physical and intellectual disabilities, I have Patented it and Trade Marked it & Branded it already, something I learnt from earlier exercises I have done some small scale special school trials that were successful. I wish to take this to a next stage, but have previously worked with partners and VC groups and found them difficult to work (or I am as I don't necessarily agree if I think they are missing markets, I wish this to also be a social enterprise that makes money and NDIS approved. Test results showed many more people can use it than standard device and it requires only one carer compared to 4 for the opposition. I am also being pushed by therapists to do a smaller version for younger children as its so revolutionary in the way it works the basic outline is at therapytrike.com

0 votes
4 answers
155 views

Franchise legal Advice

I operate a small franchised business, the Franchisor has ongoing legal advice at their disposal and have put in place certain policy's that I think are possibly unfair and unjust. Is seeking a Franchise lawyer the only way to get advice on these issues, being a small operator I presume this would be an expensive exercise. Can I get advice anywhere else or is a Franchise Lawyer the best place to go, if so is there a recommended Franchise Lawyer for small operators? Thank you.

Start Up

0 votes
2 answers
145 views

What's the best way to get paid by a student who lives in Saudi Arabia? I'm a private tutor in Coffs Harbour. Thanks.

Hi Mark, Thanks, in advance, for attending to my dumb questions, which relate to basic accounting (101, for you!!) and professional ethics. My name is Donna Thorsby and I am a private tutor. We have been on first connect with each other on Linkedin for more than 2 years. I really appreciate all of your mentoring thus far. I have received a student enquiry from Saudi Arabia. The man requires English language tuition in order to pass his PTE Academic English Proficiency Exam (Standardised Global English Proficiency Rating), so that he can apply for a Skilled Migrant Visa (subclass 190) to Australia, with the hope of bringing his family here and gaining employment in IT or starting his own business. He says he has no family here, but he does have friends who live in Melbourne. Normally, my face to face and national students, who live in Australia pay me on invoice, in cash or by direct deposit into my bank account. Furthermore, all the adults I have taught English to, have already obtained appropriate visas and are living here. My issue concerns the security of my bank details. What's the safest way to receive payment from him, should we decide to go ahead? I have just set up Quickbooks basic and I notice there's a Paypal option. Should I create a special invoice for him that doesn't give my bank account details, but instead asks him to use Paypal? Also, I have already emailed back and forwards with him several times in order to create a student profile, assess his current skills and ascertain who he is. Furthermore, I had to phone PTE global 1800 number, then contact the Sydney PTE testing centre and finally, have a 45min conversation with a PTE coaching Academy in Kent Street, Sydney. Is it professionally ethical for me to send him an invoice for my efforts so far? (I would like to charge him $150 for 3 hours of my time, regardless of whether we go ahead or not). What do you think? That's it. Forgive me for taking up your time. Congratulations on this amazing Mentor platform. We love it! ... and thanks, in arrears for connecting with me on Linkedin. Since then, I have become an all-star and a Linkedin author?? Don't know how that happened??Thanks to the powers that be! Cheers, Miss D

0 votes
4 answers
157 views

how do I start up a business from an idea

Hi, I have come up with an idea that will help struggling families be able to afford to buy their own home. It will give families their own sense of belonging, reduce financial stress, improve the quality of life, improve health and wealth, reduce stress on the relationship with their partner and within their family, pay their own mortgage instead of renting (dead money) and reduce homelessness. Reducing homelessness is the main reason that gave me the idea. I do not have a company, but with this idea, I would like to start one up, but I do not know who to approach or how. I am concerned that if I approach the companies that would need to be involved, they might reject my idea, but then use it later. I do not know if there is a correct way to approach them. Do I get a contract drawn up for them to sign before viewing my idea, to prevent them ever using it? What type of companies do I need to involve? I feel my idea would be a game changer for thousands of families/singles doing it hard. They would also need low interest loans that could be easily set up and provide budget and wealth planning. I have many questions I would like to ask, and ideas to discuss. If there is a mentor who could help with housing and/or finance and has time to contact me, I would gratefully appreciate the help. Kind regards, Grace

Start Up

0 votes
2 answers
149 views

Is a Partnership Arrangement a good idea

I have been in the wholesale/retail homewares industry for 10 years. I am a small business (4 staff members) supply 49 retailers nationally. Every time money seems to hit the account, I am having to reinvest in high stock levels and never seem to make any money for myself. It is a labour of love, however I now need to start paying myself a wage and am recognising the hugh growth in international markets (from enquiries and actual orders from International clients/retailers) I am wanting to expand and scale my business. I am tired, however I feel privileged to do what I love, however I feel the introduction of a business partner will help two fold. 1. Divide the roles and responsibilities with each focus on a specific market 2. Travelling to Africa by myself has been at times, hectic as we source from very remote and rural places, so having a partner to travel with will be comforting 3. Bring a new eye to the business, we just are not catering to my eye, although that's what retailers are loving and lastly, bring much needed working capital needed to grow the business to the next level.

0 votes
1 answer
143 views

How can I go from being a self-employed freelance Graphic Designer to starting a company??

Hi Mentors, I am a talented designer with skills to produce high quality artworks for print, digital and social media. I have a can-do attitude and thrive on deadlines. Design is my passion. You can view my work and how I sell my services at www.overflowdesign.com.au I have a good understanding of client requirements and can deliver results above and beyond their expectation. I love what I do and get great joy in finding solutions for my clients. I am a self-started and determined to work hard and grow. How can I go from being self-employed to a company? Looking forward to some suggestions that will set me up for life. Thanks in advance. Leonie