{"id":42899,"date":"2023-10-20T15:24:36","date_gmt":"2023-10-20T15:24:36","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/training-company-startupsmart\/"},"modified":"2023-10-20T15:24:36","modified_gmt":"2023-10-20T15:24:36","slug":"training-company-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/training-company-startupsmart\/","title":{"rendered":"Training company &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"110\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2011\/08\/how-to-start-a-training-company.jpg\" alt=\"Training\" title=\"Training\"><\/div>\n<p>With mounting concerns that Australia is facing a severe skills shortage, training companies are in a prime position to capitalise on the subsequent surge in demand.<\/p>\n<p><span id=\"more-3655\"><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>The Government has also set its sights on raising skills, with a focus on workforce development by way of funding.<\/p>\n<p>&nbsp;<\/p>\n<p>If you think you have a good rapport with people, a skill set worth selling and a passion for education, a training company could be the ideal start-up business. StartupSmart studies the industry to ensure you\u2019re up to speed.<\/p>\n<p>&nbsp;<\/p>\n<p>What is it and who is it suited to?<\/p>\n<p>&nbsp;<\/p>\n<p>A training company can cover anything that can be taught in a course. Because the industry encompasses a wide range of activities, trainers tend to specialise.<\/p>\n<p>&nbsp;<\/p>\n<p>There are two ways in which this happens: specialising in a particular skill such as management training, or focusing on all skills within a particular industry such as travel or catering.<\/p>\n<p>&nbsp;<\/p>\n<p>Anyone with some knowledge or expertise to share, and some experience of presenting, could start a training company. It obviously helps if you believe in the benefit of education.<\/p>\n<p>&nbsp;<\/p>\n<p>Referrals won\u2019t happen unless you have a passion for what you do and offer exceptional service.<\/p>\n<p>&nbsp;<\/p>\n<p>Rules and regulations<\/p>\n<p>&nbsp;<\/p>\n<p>In order to learn the rules and regulations that apply to the industry, it\u2019s worth taking note of existing players, such as the Australian Training Company.<\/p>\n<p>&nbsp;<\/p>\n<p>ATC is a not-for-profit group training company, which was established to create entry-level traineeship and apprenticeship opportunities across a variety of industries.<\/p>\n<p>&nbsp;<\/p>\n<p>ATC is a registered training organisation in NSW&nbsp;and has the capacity&nbsp;to deliver qualifications nationally. It also has a Code of Practice, which states the ATC will:<\/p>\n<ul>\n<li>Meet legal obligations.<\/li>\n<li>Provide a safe working environment.<\/li>\n<li>Support structured training.<\/li>\n<li>Provide supervision and support.<\/li>\n<li>Advise new apprentices of their rights and responsibilities.<\/li>\n<\/ul>\n<p>Research and competition<\/p>\n<p>&nbsp;<\/p>\n<p>The first thing you need to do is decide how you will train people, whether it\u2019s via onsite or bespoke courses, public courses or distance learning.<\/p>\n<p>&nbsp;<\/p>\n<p>Onsite training is the easiest way to get into the business. Essentially, you will be offering courses tailored to the needs of the client at their premises.<\/p>\n<p>&nbsp;<\/p>\n<p>For example, a client may ask you to tailor a day\u2019s training for its general administration staff, followed by a second session tailored for its bookkeeping staff.<\/p>\n<p>&nbsp;<\/p>\n<p>An onsite business is a very cheap and easy way to get started. You can also offer a more tailored service to the client, which will be a big selling point.<\/p>\n<p>&nbsp;<\/p>\n<p>A public training company entails setting up a program of events and making them available to anyone willing to pay the price.<\/p>\n<p>&nbsp;<\/p>\n<p>This is quite a popular training method for smaller companies, which don\u2019t have the facilities or staff numbers to offer in-house training. Courses may be cheaper but are a little less tailored.<\/p>\n<p>&nbsp;<\/p>\n<p>Running the business this way does present some additional considerations. Firstly, you need to secure premises \u2013 either daily or on a more long-term basis.<\/p>\n<p>&nbsp;<\/p>\n<p>If you choose to run the courses from your own premises, this will obviously require some careful planning and a larger upfront investment.<\/p>\n<p>&nbsp;<\/p>\n<p>You should also think carefully about location. If you are asking people to come to your course, they are less likely to travel to a venue in a remote area.<\/p>\n<p>&nbsp;<\/p>\n<p>Running public courses will also alter your business plan. Typically, companies running public courses produce a regular brochure with all the details of the courses and send it out to as many potential clients as possible.<\/p>\n<p>&nbsp;<\/p>\n<p>While distance learning is a very traditional form of learning, it is rapidly coming into favour as the internet offers a new and convenient way for people to receive training through eLearning.<\/p>\n<p>&nbsp;<\/p>\n<p>As well as being flexible and cheap, eLearning course can reach a much wider range of people.<\/p>\n<p>&nbsp;<\/p>\n<p>However, there is a lot of free information available online, which raises doubts as to whether customers will sign up in sufficient numbers to pay for training.<\/p>\n<p>&nbsp;<\/p>\n<p>Success is also dependent upon the functionality of the site, and the issue of interactivity also needs to be addressed.<\/p>\n<p>&nbsp;<\/p>\n<p>Costs and earnings<\/p>\n<p>&nbsp;<\/p>\n<p>As it is a service-based business, you can start up a training company with relatively little outlay.<\/p>\n<p>&nbsp;<\/p>\n<p>The easiest way to get into the business is to set up as a freelance trainer and start offering bespoke courses to clients. In addition to a car, you should invest in a PC and printer.<\/p>\n<p>&nbsp;<\/p>\n<p>The only other costs are your time and any marketing efforts. If you\u2019re starting out small, this is likely to be limited to the telephone and letters.<\/p>\n<p>&nbsp;<\/p>\n<p>You should also invest in a website, regardless of the type of business you are operating. However, if you\u2019re looking to make a splash in the world of eTraining, be prepared to invest a bit more.<\/p>\n<p>&nbsp;<\/p>\n<p>You will almost certainly need to hire staff \u2013 if not right away then as you grow and demand increases.<\/p>\n<p>&nbsp;<\/p>\n<p>As a one-man band, you can earn a comfortable wage but you will always be limited by your own time and costs. It is also fiercely competitive unless you cater to a specific niche.<\/p>\n<p>&nbsp;<\/p>\n<p>An average day<\/p>\n<p>&nbsp;<\/p>\n<p>As an individual or even a partnership, you should be aiming to clock up 100 fee-paying days a year. As a small business, you should be looking to maximise the amount that you can earn from each client.<\/p>\n<p>&nbsp;<\/p>\n<p>An ideal breakdown would be 10 days work with 10 different clients. And while you need to be updating your course content, you don\u2019t want to spread yourself too thin.<\/p>\n<p>&nbsp;<\/p>\n<h2>Useful contacts<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>Australian Training Company<\/strong><\/p>\n<p>http:\/\/www.austrg.com.au\/index.php?pid=006<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Australian Chamber of Commerce and Industry<\/strong><\/p>\n<p>02 6273 2311<\/p>\n<p>03 9668 9950<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Australian Government Small Business Support Line<\/strong><\/p>\n<p>1800 777 275<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With mounting concerns that Australia is facing a severe skills shortage, training companies are in a prime position to capitalise<\/p>\n","protected":false},"author":2,"featured_media":60078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,20,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42899"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=42899"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/42899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/60078"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=42899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=42899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=42899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}