Business of Entrepreneurship Program
Startups and scaleups in Queensland have been impacted by the COVID-19 crisis. Some have been hit hard, others have seen business boom. BDO has partnered with Advance Queensland and the Office of the Queensland Chief Entrepreneur to deliver virtual financial education programs to three different categories of startups, Increasers, Runway Extenders and Rebooters. For more information, contact Marc Orchard.
Start to Scale Program
This two-day virtual workshop is open to regional and metro-based startups in Queensland who have increased momentum through COVID 19. If you have seen a significant increase in growth and want to make the most of this opportunity to scale rapidly, enrol now.
Price: Free (usually $990)
Spaces: Limited to 25
APPLY FOR COHORT ONE APPLY FOR COHORT TWO LEARN MORE
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About the Start to Scale Program
Over two-days, you will develop the skills required to build a financial strategy supporting your plans to scale, including a comprehensive business budget and a 90-day cash flow forecast. We will demystify the investment and capital raising process and teach you how to build a financially sound pitch. You will also learn how to build a great team and recruit the right people to suit your culture and realise your vision.
This program is ideal for:
- Entrepreneurs who have experienced growth during COVID-19
- Founders who want to develop skills to maintain growth
- Founders who need to improve their financial literacy and acumen
- Startups that require the tools to manage runway and build financial strategy.
VIEW PROGRAM OVERVIEW VIDEO
Hear from Director of Startups and Program Facilitator, Marc Orchard. He explains what founders can expect in the Start to Scale Program.
What you will learn in the Start to Scale Program
BDO’s virtual financial education programs are interactive, engaging and provide you with practical resources and tools. They are designed to teach startup founders key financial concepts.
Day one learning objectives
WHAT YOU WILL LEARN
- Calculate financial metrics like cash burn, MRR and PSR, customer churn, CAC
- Build revenue projections for your business
- Create a cash flow forecast
- Understand strategies to extend your runway.
Day two learning objectives
WHAT YOU WILL LEARN
- Demystify the investment and capital raising process
- Learn how to create the perfect pitch
- Understand how to recruit the right people into the right roles during rapid growth
- Implement strategies to build a great culture with high engagement.
How to get involved in the Start to Scale Program
If you are ready to build a financial strategy and cash flow management process to support rapid growth and learn how to attract investment and build a great team, click a button below to enrol in the next Start to Scale Program.
Cohort one dates
| Thursday 03 September 2020 |
9.00am – 4.30pm |
| Thursday 10 September 2020 |
9.00am – 4.30pm
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Applications for cohort one have closed. Please contact us on [email protected] for more information.
Cohort two dates
| Tuesday 29 September 2020 |
9.00am – 4.30pm |
| Tuesday 06 October 2020 |
9.00am – 4.30pm |
Runway Extenders Program
This two-day virtual workshop is open to startups in Queensland who have kept trading through COVID 19 but need a better understanding of their runway. If you are unsure of your cash position, how much runway you have left or how you can pivot to emerge a stronger, leaner and better business, enrol today.
Price: Free (usually $990)
Spaces: Limited to 40
APPLY FOR COHORT ONE APPLY FOR COHORT TWO LEARN MORE
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About the Runway Extenders Program
Over two-days you will learn how to build a cash flow forecast for your startup and develop strategies to extend your runway. You will be empowered by the knowledge of how to maximise your current cash position and identify strategies to stretch and improve your cash flow. We will also teach you how to negotiate with suppliers, obtain additional funding, if required, and build a 90-day action plan to extend your runway.
This program is ideal for:
- Entrepreneurs who maintained income during COVID-19
- Founders who want to develop skills to maintain growth
- Founders who want to improve their financial literacy
- Startups needing a tool to calculate the length of their runway.
VIEW PROGRAM OVERVIEW VIDEO
Hear from Director of Startups and Program Facilitator, Marc Orchard. He explains what founders can expect in the Runway Extenders Program.
What you will learn in the Runway Extenders Program
BDO’s virtual financial education programs are interactive, engaging and provide you with practical resources and tools. They are designed to teach startup founders key financial concepts.
Day one learning objectives
WHAT YOU WILL LEARN
- Identify the difference between profit, cash flow and cash burn
- Calculate the length of your runway
- Understand how cash moves through a business
- Identify levers to stretch your cash flow further.
Day two learning objectives
WHAT YOU WILL LEARN
- Review current COVID-19 Government grants and subsidies
- Consider negotiation with suppliers
- Identify your options for cash injections to extend your runway
- Build a 90-day business action plan.
How to get involved in the Runway Extenders Program
If you are ready to improve your cash flow management, maximise your cash position and build a plan to extend your runway, click a button below to enrol in the next intake of the Runway Extenders Program.
Cohort one program dates
| Tuesday 25 August 2020 |
9.00am – 4.30pm |
| Tuesday 01 September 2020 |
9.00am – 4.30pm
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Cohort two program dates
| Thursday 24 September 2020 |
9.00am – 4.30pm |
| Thursday 01 October 2020 |
9.00am – 4.30pm |
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“Being an entrepreneur means starting and building a successful business from scratch, which can also lead to creative, innovative approaches, and risk which others might avoid. Queensland based startups now have the opportunity to enhance their business knowledge in “The Business of Entrepreneurship”. There has never been a greater need for financial acumen as there is now during COVID, and I am pleased that BDO is offering financial education in this way.”
Leanne Kemp
Queensland Chief Entrepreneur
“Advance Queensland is a passionate supporter of Queensland startups and in assisting them to develop the skills they need to successfully run and grow their businesses. Through this partnership with BDO, I look forward to helping our talented entrepreneurs and founders with the support they need to help them survive and thrive, and to continue to create jobs now and for the future.”
Dr Sarah Pearson
Deputy Director-General, Innovation, Department of State Development, Tourism and Innovation
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Meet your Program Facilitators
BDO’s Financial Educators are committed to helping early-stage, high growth companies become scalable, investable and saleable. Tanya and Marc have over 20 years of experience working with startup and scaleup founders from across the globe.
TANYA TITMAN
National Lead, Financial Education
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Tanya has a unique skill set being a startup founder, startup investor, accountant, mentor, and financial educator. With this combination, she has a great depth of knowledge in relation to startups and excels at explaining complex financial concepts in language you understand.
As the founder of BDO’s Financial education programs, her purpose is to improve the financial literacy of early-stage, high growth startups, globally, so they can achieve their dreams. Tanya is widely recognised for her innovation initiatives and heads up BDO’s Strategic Innovation program.
Tanya has been delivering financial education programs to startup and scaleup businesses for over five years. She is excited about bringing this education program to regional Queensland thanks to support from Advance Queensland.
MARC ORCHARD
Director of Startups
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Marc is the Director of Startups at BDO and the founder of the BDO for Startups program. Prior to this, he was the Brisbane City Manager of Fishburners, an award-winning co-working space for early-stage tech startups.
Marc has also previously started, scaled and sold his own financial planning firm, which he grew from $0 to $30 million of funds under management in less than three years.
Marc has extensive experience in early stage, high growth company advisory, capital raising and board management and is well connected in the Australian startup ecosystem.
His goal is to help passionate founders grow world-class companies, and to empower Queensland’s startup ecosystem to become a mecca for the world's best scaling companies.
Options for founders considering their next steps
If you’re a founder or an early stage, high growth company looking to looking to pivot, pause or plan an exit in the next 6 to 12 months, then we’ve created a masterclass to arm you with the skills and knowledge to achieve the best outcome for you.
Reboot Your Business Masterclass
This masterclass is for startups who want to keep their option open and explore staying in business, pausing their business or potentially exiting their business. If you’re looking to pivot, pause or potentially exit your company in the next 6 to 12 months, this masterclass is for you.
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About the Reboot Your Business Masterclass
In this two hour masterclass we will explore:
- What a genuine pivot looks like, and how you can re-calibrate your assets to generate revenue in new and unique ways,
- Pausing your business, and how you can park your IP in escrow, protect your assets and play the “long game” to improve your company’s short term viability,
- Exiting your company, and discuss your options and obligations so you maximise your financial return,
- A 90 day action plan to help you pivot, pause or plan to exit your company successfully, no matter which option you choose.
This masterclass is ideal for:
- Founders who are looking to make a significant pivot within their company
- Founders who are considering pausing their company and play the long game to improve your company’s short term viability,
- Founders who are considering exiting their company via closure or sale, and want to understand their options and obligations.
This masterclass is open to Queensland regional and Queensland metro based startups and scaleups.
What will you learn in the Reboot Your Business Masterclass
BDO’s financial education masterclasses are interactive, engaging and provide you with practical knowledge. They are designed to teach start up founders valuable and actionable information.
Topics that we will cover:
- Pivot options
- Company stocktake — what assets do you have?
- What is business ‘hibernation’?
- Trading vs. hibernation vs. administration
- What is ESCROW and how it can be used
- Exit options — planning for the future
- Voluntary vs. forced administration
- Directors duties — what is expected of you?
- Protecting yourself— make sure you are okay too
- Planning to restart
- Who can help you
- Checklist/connections.
Special Offer
The first 50 startups who register for this webinar will receive two hours of professional services support from a BDO adviser to help with pivoting, selling or exiting your business. This offer is valued at $1,000.
Important - Protecting your privacy
It is important to us that you are able to explore your options without worrying about your privacy. During this masterclass you will be anonymous as a participant. This means that you can get access to the content that you need in a private and controlled way.
How to get involved in the Reboot Your Business Masterclass
If you’re ready to explore pivoting, pausing or planning an exit click a button below to register for an upcoming masterclass.
Masterclass dates
| Tuesday 03 November 2020 |
10:00am – 12:00pm |
REGISTER |
| Thursday 26 November 2020 |
10:00am – 12:00pm |
REGISTER |