Follow Your Dreams in a Small BusinessBY Australian Retailers Association
Starting your own business is an exciting time but can be a daunting experience. The importance of planning in advance will ensure you are on the right foot and understand what’s involved in the process. Whether it’s opening up a coffee shop or launching an online gift store, there are a variety of opportunities available for job seekers to pursue entrepreneurship and self-employment as an alternative career pathway. Uncovering employment opportunities like this can be found through an initiative known as the New Enterprise Incentive Scheme (NEIS).
The recently expanded NEIS offers training, tailored advice and income support to help job seekers become small business owners. The scheme provides more opportunities for self-employment and young people and supports up to 8,600 job seekers start their own business each year. Here’s what it could offer you:
The thought of starting your own small business can be scary, but there is help at hand through the NEIS. There is accredited small business training and business mentoring for up to 52 weeks, to help you turn your small business dreams into a reality.
All small businesses have to start somewhere, and NEIS understands that their founders need support. For successful applicants who go through NEIS, there is income support available for up to 39 weeks (NEIS Allowance) and NEIS Rental Assistance for up to 26 weeks (if eligible). Small business owners can visit the Australian Government’s helpful filter tool to see what other support is available: https://www.business.gov.au/smallbusiness
ABOUT THE AUTHOR
Australian Retailers Association
Founded in 1903, the Australian Retailers Association (ARA) is Australia’s largest retail association representing Australia’s $310 billion sector, which employs more than 1.2 million people. As the retail industry’s peak representative body, the ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 7,500 independent and national retail members throughout Australia. For more information, visit www.retail.org.au or call 1300 368 041.