MaroondahMedia Releases

Media Release: Putting some financial controls into Small Business

By July 11, 2007No Comments

Owners of small businesses in Maroondah should put aside the morning of Thursday 2 August, to attend a seminar that is sure to assist their long term financial future.

Councillor Alex Makin said the latest subject in Council’s business seminar program will be presented by the Department of Innovation, Industry and Regional Development.

“The Department of Innovation, Industry and Regional Development (DIIRD) is the Victorian Government’s lead agency for economic and regional development. Their information seminars are designed to assist businesses to be thriving, innovative and successful,” said Cr Makin.

“This seminar will concentrate on the financial controls that businesses use, providing an understanding of even the most basic financial terms and concepts to ensure small business owners are able to manage their financial affairs successfully,” said Cr Makin.

“It is a sad fact that poor financial control is accountable for over one third of failed small businesses, with financial illiteracy and a lack of sound advice the key reason many ailing businesses become bankrupt ones,” said Cr Makin.

The Financial Controls for Small Business seminar will assist small business owners to:

  • look critically at their business;
  • examine procedures;
  • minimise financial risks;
  • promote best practice.

The Financial Controls for Small Business seminar will run from 9.00am to 11.00am on Thursday 2 August at Maroondah City Council Offices, Braeside Avenue, Ringwood.

The cost is $20 per person and bookings are essential. To make a booking for the Financial Controls for Small Business seminar please visit or for further information call Maroondah City Council on 9298 4320.

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Alex Makin

Alex Makin

Alex Makin is a councillor for the Mullum Ward in the City of Maroondah. Alex has been a councillor since 2005, representing ratepayers, businesses, community groups and residents. I aim to continue making a difference and welcome any thoughts you may have in regard to life, community and business in Maroondah. Phone: (03) 9870 8202 or 0408 311 645 Email:

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