Queensland enterprises hoping to attract new funding and investment need to think like a potential investor and prepare a solid business case.
That was the key message at recent Attract funding training workshops run across regional Queensland.
Business owners from around the state turned out to hear from a range of experts at the workshops, which were presented by TIQ in conjunction with the Department of State Development, Manufacturing, Infrastructure and Planning.
In Maroochydore, 31 people attended, hearing presentations on funding options ranging from small-business loans to international investment opportunities and government grants and programs.
In Maryborough, 16 local businesses learned key insights, including BTB Marine owner Chris Hough, who said the workshop had given him a deeper understanding of what investors were looking for.
‘I have a better understanding of what’s involved in securing investment now, and the kind of records and preparation you need to have before approaching a prospective investor,’ he said.
‘The presenters emphasised the importance of thoroughly documenting your finances, your management structure, and your sales and export history, and being able to clearly tell an investor their probable ROI.
‘There are quite a few steps, and it was good to hear how TIQ can help with the process of preparing a business case.’
TIQ regional offices across Queensland can support local businesses in a range of ways, including connecting them with potential overseas investors and helping them prepare for investor meetings.
The recent workshops were part of the ‘Business growth essentials’ series, which is being funded under the Queensland Trade and Investment Strategy 2017–2022.
More ‘Attract funding’ workshops will be held in Brisbane on 18 March and Bundaberg on 28 March. Register now if you would like to attend. You can also check out all our workshops, which include sessions on ecommerce, pitching and cultural awareness.