• Business Incubator

Business Incubator

Backing start-ups and new business in Taranaki

It can be tough getting your business off the ground in a competitive world and often business owners can get easily bogged down in the day to day of running their business. To help you get underway in your new venture, BDO is offering a unique service to support those new to business in Taranaki - the BDO Business Incubator.

At BDO, we understand the pressures of starting up a new business. The BDO Business Incubator assists with accounting and tax administration while getting you up to speed on the fundamentals of business which can sometimes take a backseat to what really matters - getting your business off the ground and making sales happen.

As a BDO Business Incubator member we will work to understand your needs and establish a package that is right for you, paid as a fixed monthly fee, so there is no surprises at year end. We offer a discount for the first two years to get you underway.

The Incubator Package includes:

Dedicated BDO adviser

As a BDO client you will have the whole BDO team behind you as well as a dedicated adviser. Your adviser will have a comprehensive understanding of your business needs so can assist you where you need it most. They will check in regularly, ensure you are meeting your compliance requirements and maximising the capabilities of your software package.

Quarterly Educate and Energise sessions

Every quarter (August, November, February, May) we hold our Educate and Energise sessions where we aim to get you up to speed on a variety of aspects of business whilst also giving you the opportunity to meet others in the same stage of business, to collaborate with other members and build your networks.

The presentations are made by BDO or one of our contacts on a variety of topics. Some of the sessions we have had previously covered included:

  • Tax & GST (presented by BDO)
    What can I claim as a business expense? We give you tips and tricks on what expense you should be claiming and provide an overview on GST, provisional taxes and tax rates.
     
  • Brand & Public Relations (presented by Renown Public Relations)
    Your brand is how your business is represented in the market place where trust and authenticity are paramount. How do you go about achieving this successfully for your business?
    We also offer the opportunity for anyone to come along to any of our monthly sessions for free with no obligation to join the program to see if it is right for their business. Contact us to find out when the next session is on.

 

Walk in sessions

In the months in between the quarterly sessions we have FREE monthly walk in sessions on the third Thursday of the month between 12 – 2pm.

This is an additional resource available to our incubator members where you will be able to get specific advice that relates directly to your business from one of our specialist advisers.

Come along for a cuppa and with your questions ready. Some things you might like to discuss include

  • Do I have ACC cover?
  • How does provisional tax work and should I be making payments?
  • What information should I be looking at in my software system to see how my business is going?
  • I have a budget – what should I be doing with this now?
  • How do I put a business plan in place?

Professional networks

Whether you are looking for a lawyer, different options for funding or an intensive high growth programme let us know and we can guide you to someone right for your needs.

Funding

As your business reaches certain milestones BDO can facilitate funding through various organisations. We are an approved training provider for Capability Vouchers which are available through Venture Taranaki on behalf of New Zealand Trade and Enterprise. They can fund up to 50% of the cost of your training.

Software discounts and set up

We have partnered with software providers MYOB, Xero and Reckon to provide some free and specially discounted accounting software packages for our members. Our specialist BDO software team members can also offer free basic set up and initial training on these packages.

 

 To find out how we can help your business succeed with the BDO Business Incubator contact us for a FREE no obligation consultation.

Contact BDO Taranaki