Welcome to Business Foundation
Business Foundations is a commercially focused, Not-for-Profit organisation dedicated to encouraging entrepreneurial activity in Western Australia.
Our purpose is to make a difference in our community by supporting enterprise in its broadest terms in respectful, committed and innovative ways. We have helped thousands of successful new businesses and supported many more existing businesses in their sustainable growth over the past 20 years.
We have a Board of Directors made up of representatives from the private, public and academia sectors bringing a wealth of knowledge of issues facing WA’s SME community as well as the experience to ensure exceptional corporate governance.
As a non-profit distributing organisation most of our services are provided for free due to the generous support we receive from government and we reinvest any surpluses in economic development project within Western Australia.
The Aspirations of the Austrade Commission
For several years now, many Asian countries have been prodded and ventured into by companies across the world. Not only are some of these regions becoming some of the fastest growing on the planet; some of them are beginning to offer substantial investment potential to those willing to dedicate the time.
Austrade, Australia’s leading investment organisation, recently undertook its own exploration of the Asian market and after careful research and investigation, one region drew far more interest than expected. And what was that region? Singapore. Why? Well, that’s what this informative article is dedicated to sharing with you.
The Australia Singapore Trade Mission
With access to several dozen other Asian countries and states, Singapore can offer a vital component that many Australian-owned businesses lack; accessibility. The Asian market is one of the largest in the world – and as Singapore operates under an English law system, the infrastructure is already there to ensure that all compliances and processes are met.
It is estimated that in order to convert the country into a hub for businesses (a hub that will offer substantial rewards to investors as well as residents of the region), roughly $1 trillion AUD will be required each year to maintain growth and sustain productivity. And this is what the Aus/ Sing trade mission was created for – to ensure the integrity and future potential of the region.
How Can Australian Businesses Benefit?
Just a few years ago a Comprehensive Strategic Partnership (CSP) was introduced to allow both countries to engage in transactions and plans, in a way that would benefit all involved. With the financial input provided by Australia and the wide range of connectivity afforded by Singapore, the two countries can now work in collaboration with one another without many of the common limitations associated with cross-country engagements.
Furthermore, Singapore became the largest investor (foreign) within Australia in 2016, with trillions of dollars spent on importing, exporting and business operations. After careful evaluation, the trade mission was established to allow both countries to offer their own unique rewards to one another; rewards that could offer an incredibly beneficial stepping stone for new businesses.
With a Landing Pad almost entirely established within Singapore, once the system has been finalised it will become a fairly straight forward task for new Australian export businesses to enter the Asian market. This exclusive deal is something that is only available to Australian companies to date – and for as long as the partnership continues, the potential for Australian businesses to prosper within the Asian market will be highly substantial.
These are the aspirations of the Austrade Commission. By extending food, energy and security services, as well as financial aid to Singapore, Australia has been able to secure a potentially lifelong partner in the region, in return for a base of operations for new and established businesses to operate from.
Our programs are managed by highly trained professional staff and HR Consultants and supported by experienced business advisors – some with over 25 years track record in managing and growing small businesses!
So whether you are thinking of starting a new business, by leveraging the power of the internet, and need advice on social media marketing (such as Linkedin Training Courses) or want to grow your existing business or simply just need expert advice on a specific issue in marketing, financial control, people management, as a buyers agent, working with regulations or strategic planning – Business Foundations & Education Courses is your first port of call.