What support is available?
Eligible business owners will be matched with an experienced professional who will provide them with up to four one-on-one mentoring sessions over a three-month period. Each session will last for two hours.
Mentoring sessions will be conducted by phone, video conferencing and if appropriate, face-to-face.
Before being assigned a mentor, applicants will be asked to complete a brief diagnostic tool designed to assess the specific needs of their business recovery.
Following the initial session, applicants will be provided with a detailed action plan, with advice specifically tailored to the individual needs of their business.
Applicants will also be connected with further support for their business as needed. This may include financial counselling, digital expertise and coaching, and mental health support and training.
The mentor will then schedule up to three follow-up sessions with the applicant over the following three months to check on their progress, and provide additional support and guidance as needed.
Benefits for business
This program helps businesses:
- build customised strategies for recovery, market transformation, digital literacy, supply chain diversification and upskilling of existing employees
- mitigate risks and financial exposure
- connect to other government support and local professional services
What type of businesses can apply for the program?
The program is open to the owners of small businesses with less than 20 full-time employees. For the purposes of the program, a small business owner can be a sole trader, partnership, private company or trust that operates a small business. Twenty full-time employees means the total of all standard hours worked by all employees (whether full-time or part-time) in standard hours as defined by the Australian Bureau of Statistics.
Businesses must also:
- hold an active Australian Business Number (ABN)
- not be a public company, charitable business (one that does not operate to make a profit) or body corporate under the Body Corporate and Community Management Act 1997
- intend to re-establish or continue operating in Victoria.