29 September, 2023
Small business workshop focuses on financial resilience
SMALL business owners often find the accounting side of their enterprise the most stressful.
To help build financial literacy and grow business capability, Somerset Regional Council is offering financial resilience workshops to small business owners to upskill them in this area.
Facilitated by Bloom Money, the 3-hour evening workshop will look at finance essentials to ensure small businesses are running efficiently, are compliant and are using relevant technology tools.
To get the most out of the session, participants are encouraged to bring a laptop and their bookkeeping records.
Economic Development and Tourism Committee member, Councillor Bob Whalley, said businesses would gain practical benefits from the workshop.
“Five key areas will be covered, including step by step calculation to determine business breakeven points, a cashflow/budget activity, discussions about the different kinds of taxes application to your business, an accounting software overview and risk management planning,” Cr Whalley said.
Attending the Small Business Financial Resilience Workshop can be a valuable educational opportunity for small business owners to focus on financial strategies and practices to strengthen their business’s ability to survive challenges and uncertainties.
To register, go to businessfinancialresilience.eventbrite.com.au
The workshop will include sandwiches, tea and coffee and will be held on Tuesday October 17 at Kilcoy Visitor Information Centre.
Somerset Regional Council acknowledges the support of the Australian and Queensland governments under the Disaster Recovery Funding Arrangements (DFRA) through which this workshop has been jointly funded.