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Presented by Carol Hanlon, GAICD, MIEFBelmont Business Enterprise Centre Inc.
Textile Clothing Footwear Centre of WA Inc.1
www.belmontbec.com
Mentoring, low cost advisory services, online trainingVirtual ONLINE small business support
Assists over 20,000 small businesses across Australia
Established 1994 – non profit community organisation 2
Virtual ONLINE fashion business support
Assists over 6,000 fashion businesses across Australia & Globally
Established 1998 – non profit member organisation 3
www.tcfaustralia.com www.tcfglobal.com
Online fashion business training & mentoring Specialist in global supply chain linkages and
sourcing
Member BIIA, APIN & InfoDev Incubator Network
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Assisting emerging designers to develop & grow
supply chain support networks & expertise
www.fashionincubators.com 6
Ensure the health, safety and well-being of all women and men workers.
Treat all women and men fairly at work – respect and support human rights and nondiscrimination.
Establish high-level corporate leadership for gender equality
Promote education, training and professional development for women.Implement enterprise development, supply chain and marketing practices that empower women.Promote equality through community initiatives and advocacy.
Measure and publicly report on progress to achieve gender equality.
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www.bpwbusinessincubator.comVirtual ONLINE small business skill training &
mentoringWomen in Business
Partly supported by the Australian Government – 700 women nationally
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‘ONLINE’ training and mentoring to develop the business skills and business growth potential of women in new or existing home-based, micro small businesses.
www.bpwbusinessincubator.com
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Chinese Taipei Republic of Korea
The Philippines Chile Australia
APEC Pilot Project WOMEN IN BUSINESS ONLINE TRAINING & MENTORING
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29 village sewing centres www.tcformoc.com
ORMOCPHILIPPINE
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ORMOC, PHILIPPINES
ORMOCPHILIPPINE
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ORMOCPHILIPPINE
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HI’s
Low’s
Doing the Jobs – Making, Buying, Selling, Accounts, Phone, Cleaning, etc. What does it Cost-price per hour what cost $ per what job & how many hrs per week
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$ Years
Income Now __________________________________
Future ________________________________
HoursNow __________________________________
Future ________________________________
LifestyleNow __________________________________
Future ________________________________
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STRENGTHSWhat are your
strengths?
WEAKNESSESWhat are your weaknesses?
Build on your strengths…
Avoid or overcome your weaknesses
OPPORTUNITIESWhat opportunities
exist?
THREATSWhat threats exist?
Take advantage of the opportunities… Avoid the threats…
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Instructions: Put a dot on the appropriate spot within the column that best describes your current situation.
Points
Score1 2 3 4 5
NoIdea
SlightlyUnsure
StillStrugglin
g
AlmostConfiden
t
My“Forte”
Goal Setting & Entrepreneurial Spirit
Sub-Total
1 I am optimistic, self-sufficient and dedicated to complete the tasks I started.
2 I work independently and think unconventionally. 3 I am versatile, intuitive, welcomes new challenges and change. 4 I take calculated risks, evaluate likely benefits and set attainable
goals.
5 I am proactive therefore has great drive and determination.
Time Management & Communication Skills
Sub-Total
1 My time management enables me to accomplish the priorities I set for the day.
2 I avoid procrastination and develop timely and wise decisions. 3 I am versatile to multi-task and yet empower my staff to take
initiative if required.
4 My employees are important assets so I ensure good rapport with them.
5 I am articulate and capable to promote my products and services.
Intellectual Property (IP) & Legal Matters
Sub-Total
1 Intellectual properties like name of business, inventions, designs, work of creative or intellectual effort, or marks are business assets and can be sold or licensed.
2 Trademarks, copyright, patents, design right and registration are ways to protect your IP.
3 I own a trademark that distinguishes my products and services from my competitors and will register it as website address to protect it from being used as domain name by others.
4 Non-disclosure agreements will protect my idea but still receive input from partners.
5 I know when, how and where to seek advice on tax planning and minimization.
Products/ Services Design & Development
Sub-Total
1 The life cycle of a product starts from product development, introduction, growth, maturity and decline.
2 Product development should consider changes in customer’s tastes and environment.
3 Product strategies include product diversification, deletion, revitalization and harvesting.
4 My products and services are enhanced through good design, attractive, packaging and competitive pricing.
5 I have continuum in product design improvement by gathering feedback of my customers needs.
BPW Business Incubator Training & Mentoring Project Self-Assessment on Business Development and Goal Setting
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Instructions: Put a dot on the appropriate spot within the column that best describes your current situation.
Points
Score1 2 3 4 5
NoIdea
SlightlyUnsure
StillStrugglin
g
AlmostConfiden
t
My“Forte”
Supply Chain & Distribution Channels
Sub-Total
1 I have a pool of suppliers for raw materials and services that give bulk discount if not credit terms.
2 My good marketing channel of distribution directs my products and services to my consumers.
3 My marketing intermediaries perform transactional, logistical and facilitating functions.
4 I have efficient distribution from order processing, inventory management, materials handling, warehousing and transporting.
5 Outsourcing is a possible option if I have no available in-house expertise.
Marketing & E-Commerce
Sub-Total
1 A sound marketing plan is essential for business growth as it includes your business location, target customers, competition and positioning.
2 Marketing promotional mix refers to specific mix of advertising, personal selling, sales promotions, public relations and direct marketing.
3 A market research will answer questions about the industry, potential consumers and competitors.
4 The power of choosing correct advertising media like effective signage, broadcasting, TV commercials and website can boost sales and reinforce my business presence.
5 E-commerce is now the fast trend and my web presence will promote my products and services.
Finance, Grants & Expansion
Sub-Total
1 Financial Statements refer to Trading, Profit and Loss and Balance Sheet.
2 I know how to prepare and interpret all the indicative results from these monthly-prepared reports.
3 I try to follow my budget and manage the resulting variances including cash flow and debt recovery.
4 Grants are available for some types of business venture as a source of financing.
5 Business expansion is within my sight in the next 2 – 3 years.
Business Strategy & Benchmarking
Sub-Total
1 I devised my own business model to deal with revenue-cost-profit economics to demonstrate the viability of my whole enterprise.
2 I seek and identify best practices to give the firm capabilities that rivals cannot match.
3 Business Continuity Planning is part of my firm’s risk management to meet any emergencies.
4 Benchmarking is the process of comparing my firm’s products and processes to those of competitors to find ways to improve quality and performance.
5 I review my Business Plan to ensure that the current operation and business results are as expected.
BPW Business Incubator Training & Mentoring Project Self-Assessment on Business Development and Goal Setting
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Interpretation of the Assessment
1-5 6-10 11-15 16-20 21-25Light Shade Light Medium Shade Medium Shade Medium Dark Shade Dark Shade
Indicates weakness. You need to put in
more time and effort to develop a better
understanding of the areas concerned.
Indicates basic understanding.You will need to
continue learning in-depth for business
survival.
Indicates working
knowledge. You should reinforce your knowledge in
order to move on to the next level.
Indicates competence.
You will achieve competitive advantage
& capabilities.
Indicates strength.
You are guaranteed of good results and
success in your chosen field.
BPW Business Incubator Training & Mentoring Project Self-Assessment on Business Development and Goal Setting
Instructions: 1 Add the point allocation per response on each category on your self-assessment sheets.2 Write the result of each category on the sub-total column.3 Plot the results by shading the respective circles accordingly in the table provided.5 Join all the dots and discover your current state as indicated by the resulting graph.6 Devise your action plan.
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Points
Goal Setting&
Entrepreneurial Spirit
Time Management
& Communication
Skills
Intellectual Property&
Legal Matters
Products/ Services Design &
Development
Supply Chain &
Distribution Channels
Marketing &
E-Commerce
Finance, Grants
&Expansion
Business Strategy
&Benchmarking
21-25 O
O
O
O
O
O
O
O
16-20 O
O
O
O
O
O
O
O
11-15 O
O
O
O
O
O
O
O
6-10 O
O
O
O
O
O
O
O
1-5 O
O
O
O
O
O
O
O
Action Plan
Priority
Option 1
Option 2
Option 3
BPW Business Incubator Training & Mentoring Project Self-Assessment on Business Development and Goal Setting
Summary Score Table and Action PlanVariations: Use different colours to plot results for different dates of re-doing the assessment to highlight improvements.
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1. Understanding the Basics 2. Undertake a Personal Assessment3. Decide if YOU do want to change or
improve yourself 4. Analyse your Day, Week, Month, Year5. Keep a time sheet, group your time spent
under headings6. How to become efficient and effective7. Planning is the key8. Self management – Internal threats 9. Being disorganized is the major causes –
clear the clutter10. Learn how to say NO11. Managing Others – External threats 12. Control your information overflow – cancel
junk mail
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Women and Trade
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Carol Hanlon [email protected]
Belmont Business Enterprise Centre & BEC Global Textile Clothing Footwear Resource Centre of WA
(TCFWA) www.tcfwa.com TCF Australia www.tcfaustralia.comTCF Global www.tcfglobal.com Designedge Fashion Incubator www.designedge.net.au Belmont Business Enterprise Centre (BEC) www.belmontbec.com
Address - PO Box 370, Cloverdale. WA 6985, Australia E| [email protected] P| 61 8 9479 3777 F| 61 8 9479 3888
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