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Young entrepreneurs are being encouraged to go online to see what ‘big brother’ organisations can do to help them fulfil their business expectations.

Greg McLean was a battling film-maker until 1992, when he signed up for the Nescafe Big Break and walked away with $20,000.

Since then, he has been able to work on his plans, culminating in his film, Wolf Creek, which was screened at the 2005 Sundance Film Festival in the US.

“There was so much strong competition to get into this festival,” McLean said at the time. “It's one of the most important in the world, so it was a real coup.”

The Federal Government is encouraging young, enterprising Australians to get involved by logging on to the Internet site at

The site has been constructed to give up-and-coming entrepreneurs information on how to turn innovative ideas into successful small businesses.

“Around 150,000 Australian small business operators are under the age of 30, reflecting the entrepreneurial spirit of our youth,” says Federal Small Business Minister, Fran Bailey.

“For many young people, starting a small business is a great way to pave their own destiny.”

The site includes information and ideas on:
•    How to take a brilliant idea and develop it commercially
•    How to write a business plan
•    Case studies of young Australians who have turned creative ideas into thriving businesses
•    Links to further assistance for budding entrepreneurs.

Cindy Luken, who started the highly successful Luken & May biscuits business, is an entrepreneur showcased on the website.

She believes there are three main messages for young entrepreneurs.

“Have a vision of what you want to achieve and have passion for what it is you want to do,” she says. “And most importantly – get started.”

Work on your business, not in it. To learn how, book a complimentary business assessment today with a Switzer Business Coach.

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.

Published on: Monday, February 08, 2010

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