Inspiring and Supporting business leaders of tomorrow
Welcome to the Young Business Network.
The Young Business Network (YBN) is the central portal in Western Australia providing business information and support for young entrepreneurs 18-25 years and encourages you to join the rising tide of young people in business today.
YBN congratulates young Western Australians who start a business as a career
option, and provides inspiration and support to help develop successful
young business operators.
New Sensations
Scales Plus - www.scalesplus.net
Matthew Stock
At just 24 years old, Matthew Stock is already an experienced business operator. (Read more...)
» Read more in our New Sensations pages.
Latest News
Interest Rate Subsidies for business assets damaged in a natural disaster - such as the Toodyay fires.
An interest Rate Subsidy Scheme is available to small businesses for loans provided by Authorised Deposit-taking Institutions (ADI's) where the assets have been damaged as a direct result of an eligible natural disaster, such as the recent Toodyay Bushfires.
The WANDRRA provides an interest rate subsidy of 4%, with the subsidy payments:
- capped at a maximum of $6,000 (being 4% of a loan maximum of $150,000); and
- for a maximum period of 10 years, of which the first two years only may be free of capital repayments at the discretion of the ADI.
In cases where no capital repayments or minimal capital repayments are made from Year 3 onwards, and to be consistent with those who have made capital repayments, a notional deduction of 1/10th of the original loan principal is taken for each year.
FESA will pay the interest rate subsidy annually, in advance, based upon the satisfactory submission of a claim form after the anniversary date of the loan drawdown/ disbursement, supported by documentary evidence of the loan balance at this time (e.g., provision of a copy of the relevant loan account statement showing the loan balance).
For further information contact:
FIRE and EMERGENCY
SERVICES AUTHORITY of
WESTERN AUSTRALIA
Contact: WANDRRA Administrator by
email: wandrra@fesa.wa.gov.au
phone: 9323 9552
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Latest Events
Are you looking at kickstarting a new business, or do you need help with an existing small business? The SBDC holds a number of workshops that can give you the information you need to make your business a success. They are presented by business professionals with years of experience and the knowledge to assist you in developing your idea into a successful venture. The cost is $50 incl. GST per workshop, and this includes a manual and refreshments. Some of the workshops we have coming up are:
Contracting Today: 27th October, 9:30am - 12pm
Are you a subcontractor, or looking at hiring subcontractors? The difference between an employee and an independent contractor is important as it has significant taxation and legal implications. This workshop explains the structure and content of a contract, the different types of contracts, basic rules relating to contracting, and how to deal with issues such as resolving disputes. Includes the publication "Laymans Guide to Contract Law - Contract Law Made Easy" valued at $29.95.
Are you unsure what you should charge for your products/services? Effective pricing is key to ensure that you generate enough sales, while at the same time ensuring the sales you do make earn enough to turn a profit. This workshop will provide you with the information you need to make pricing decisions.
Introduction to Business Planning: 29th October, 9:30am - 12pm
Did you know that around 80% of new small businesses will fail within 5 years of starting? Often, the reason for this is that they don't have an effective business plan. This workshop describes how to create a plan that will detail where you are, where you want to be, and how to get there. Also included is a 224-page workbook and CD-Rom which describes each step in detail, along with a template and sample plans, which is valued at $25.
Getting Your Business on the Web: 29th October, 9:30am - 12pm
An effective web presence is often an essential part of running a small business today. This workshop will give you the knowledge to go from "I need a website" to "I KNOW what I need in my website". Learn how to make the most of the internet to help achieve business success.
How to Start a Business: 29th October, 1pm - 3pm
One of our most popular workshops. Are you thinking about launching a new business but don't know where to start? This introductory course will give you all the basic knowledge needed to establish and run a small business. It covers topics such legal structures, the business plan, and marketing and research. Also included is the publication "A Guide to Operating a Small Business" valued at $25.
Marketing and Promoting Your Business: 29th October, 1pm-3pm
Marketing is an often-undervalued aspect of a small business, but is one of the most essential parts of a successful business strategy. It is more than just advertising and selling, and is directly responsible for the creation of sales that will make your business profitable. This workshop covers topics such as researching, planning, pricing, packaging, promoting, selling and distributing your goods and services to consumers.
For more information on any of these or other upcoming workshops, or to make a booking, contact the Small Business Development Centre on 131 BIZ (131 249) or email bilc@sbdc.wa.gov.au.
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