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Creating a landscape for success in Torbay

By Herald Express  |  Posted: January 09, 2014

  • expert analysis: Sunrise Setting received business analysis advice from TDA

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THIS spring, Torbay Development Agency will be delivering an enhanced business support package to help businesses in Torbay and South Devon develop and grow.

As well as the programme of workshops and events on a variety of topics affecting different sectors and sizes of businesses, the TDA has one-to-one advisors to help entrepreneurs at all stages of their business with their expertise and bespoke advice.

Details are to be published on the TDA website as the new services develop, in the meantime, to discuss how the TDA can help you, contact the TDA's business advisors, Nick Williams on 01803 207847 or email nick.williams@tedcltd.com or Wayne Loschi on 01803 208429 or email wayne.loschi@tedcltd.com

ANY Torbay-based business will be eligible for a free one-to-one diagnostic, which is approximately one hour of bespoke analysis and advice.

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The result of this diagnostic session will be an action plan signposting to services and support.

TDA business advisors can provide advice and guidance across a wide range of areas including market research, marketing and sales and managing cash flow.

THE TDA will run a series of workshops each comprising four half-day modules, covering topics such as sales, marketing, finance and social media.

Each workshop will be held three times a year, with the content and topics reviewed every six months according to the needs of the local business community.

ALTHOUGH fundamental to any successful business, many businesses either do not have a business plan or have not reviewed and revised it since it was originally written.

The TDA will offer a free on-line basic business plan template and specialist business growth plan template for companies paying a consultancy fee.

More in-depth support will also be available to help with any aspect of writing the business plan; and an additional service will be available for the TDA to write the business plan for the client.

A DOING Business in Torbay information pack will be available for all new start-ups, with useful information on TDA business services, local networks and business to business events and activities.

The TDA has already helped a number of local start-ups get off the ground with the business planning and bespoke advice.

Debbie Wilcockson had help from advisor Nick Williams to produce a business plan for her new photography business, Riviera Portraits, which enabled Debbie to secure a loan from the New Enterprise Allowance to develop her website.

Debbie said: "Nick helped me with the wording of the business plan and helped me to write it properly; he helped me draw up a spreadsheet of expected profit and loss to ensure the business would be feasible. His help was invaluable; he was always on the end of the phone. "

With new clients and leads to follow up, Sunrise Setting needed advice on analysing the direction of the business, so meetings with Nick Williams helped director Jessica Stock focus her mind on the way forward.

"It was useful to help us to think and focus our minds on what we needed to progress the business.

"We'd been looking to expand and take on a new employee for while. It's always useful to talk to someone out of the business and receive advice on what we should be doing. Our turnover has increased, we're talking about automation to increase our profits but this is still in progress."

When Tracy Sutton was establishing her business, Root, she felt she needed advice to help her navigate through a minefield of red tape, paperwork and challenges.

She said it was really important to make the most of any business advice available, from business seminars such as Ready for Business to that offered by Outset Torbay.

Tracy said: "The Ready for Business seminar was really beneficial because it broke everything down in an easy to understand way and was delivered with a refreshing amount of energy and enthusiasm.

"The TDA has provided reassurance, important information and alternative options for me to consider on the journey to setting up my own business."

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