Jacky Finlayson

last updated 5/11/2018

Jacky Finlayson

Executive Director, Small Business Services at Small Business Development Corporation

Location:
Level 2 750 565, Perth, Western Australia, Australia
HQ Phone:
+61 8 6552 3300

General Information

Experience

Executive Director, Small Business Services - NH Small Business Development Center

Managing Director - SBDC

Project Director - Go West Now

Affiliations

Founder - Positive Productions

Recent News  

Previous Media Releases

SBDC Acting Managing Director, Ms Jacky Finlayson, says the grants program is part of the State Government's $5 million dry seasons assistance package for farmers and rural communities.
Assistance of up to $1,500 is available to non-farm small businesses affected directly or indirectly by dry season conditions. These funds are to be used for professional services (accountancy, financial or legal advice) to assess the current financial position of the business and to develop strategies for the future operations of the business. "We recognise that when the agriculture industry is experiencing hardship, so too do local businesses," Ms Finlayson said. "The State Government has allocated $500,000 to help small businesses in declared areas and we are keen to ensure these funds are used in the most effective way possible," Ms Finlayson said. Acting Managing Director, Ms Jacky Finlayson, says the latest prosecutions made by the Australian Competition and Consumer Commission (ACCC) lays clear the hazards of failing to properly maintain cashflow systems. Ms Finlayson says the latest scammers from the Netherlands and the United Kingdom misled hundreds of Australian companies into thinking they were dealing with the Australian company Sensis Pty Ltd Yellow Pages® "Scammers like this send bogus invoices purporting to be for services rendered, and businesses that are either too busy to check, or without a reliable cashflow system in place, are needlessly paying out large sums of money," Ms Finlayson said. According to the ACCC, the overseas companies made false, misleading and deceptive representations about online directory business services in breach of sections 52 and 53 of the Trade Practices Act 1974. Ms Finlayson says the importance of a sound cashflow system cannot be underestimated. If businesses of all sizes kept a clear, reliable system that documents credits, debits and the details of all outstanding invoices, then life would be much harder for scammers," Ms Finlayson said. Acting Managing Director, Ms Jacky Finlayson, says the RCCI, which represents 34 Chambers of Commerce and over six thousand regional businesses, is a great support for small business throughout regional Western Australia, with many local chambers working closely with the 25 Small Business Centres located around the State. The SBDC enjoys a close working relationship with the RCCI and appreciates the feedback provided on issues concerning small business in rural and regional centres," Ms Finlayson said. "We congratulate Graham Harvey on his election as RCCI President and we look forward to working with him on small business related projects in the future," Ms Finlayson said. SBDC Acting Managing Director, Ms Jacky Finlayson, says the Ready Response social media poll conducted this month shows 65 per cent of small business operators are missing a great opportunity to promote their businesses through social media. "When used correctly, Facebook, Twitter, blogs and other social media tools can be of enormous assistance to small business operators with limited capital to spend on advertising and promotion," Ms Finlayson said. "With more than half of the businesses using social media reporting tangible benefits for their business including increased sales, enquiries and new contacts, this is a low-cost promotional tool well within the capabilities of most small businesses," Ms Finlayson said. Acting Managing Director of the Small Business Development Corporation, Ms Jacky Finlayson, says some small retail and hospitality businesses may need to make changes to comply with the new laws. "Restaurants and cafes that are already smoke-free venues will feel little or no impact from the new laws, while others such as delicatessens and newsagents may need to modify their point-of-sale and merchandising strategies," Ms Finlayson said. The purpose of the new laws is to help reduce tobacco-caused health risks by tightening restrictions on where people can smoke, and on the promotion of tobacco in Western Australia generally. Re-arranging stock promotions and replacing tobacco with other products to attract customers' attention will help keep turnover levels high," Ms Finlayson said. SBDC Acting Managing Director, Jacky Finlayson, says the Awards are a great chance to congratulate those businesses who have recognised and embraced the need to provide employment opportunities for people of all abilities in our community. "There are over 195,000 small businesses in Western Australia and more than a third of those businesses provide employment for others," Ms Finlayson said. SBDC Acting Managing Director, Jacky Finlayson, says the FAB Awards are a great way to promote your business around the nation. "This is the first time the FAB Awards have been held, so it's an opportunity to be recognised and rewarded for your business success," Ms Finlayson said. "KAPP Engineering partners Peter Parlongo, Praveen Paul, Amir Tanady and Kieran Sadlier, and Karen Kotze from the Bodhi Tree have had great support through the Small Business Development Corporation's advisory service and we are delighted that their hard work and expertise has been recognised by these Awards," said Ms Jacky Finlayson, SBDC Acting Managing Director. "I congratulate these terrific Western Australian entrepreneurs for their professionalism and tenacity in building solid, successful businesses," Ms Finlayson said. SBDC Acting Managing Director, Ms Jacky Finlayson, says the increasing cost of operating expenses such as rent, wages, utility charges and interest rates, has always been a key concern to small business operators. "It is encouraging to see that most small businesses have strategies in mind to cope with increased operating expenses," Ms Finlayson said. "However, 15% of respondents believe they have no option but to absorb the increased operatingexpenses," Ms Finlayson said. Small Business Development Corporation (SBDC) Acting Managing Director, Ms Jacky Finlayson, says it is unfortunate that the tax breaks as mentioned in the Henry Review will not be introduced until 2012-13 and will only apply to incorporated businesses. "Around two thirds of all small businesses will miss out on these tax cuts and those who are eligible, will need to wait a long time before they see their tax rates drop to 28 per cent," Ms Finlayson said. "It is also likely that any savings a business might make in tax cuts will soon be negated by increased superannuation payments to workers." Small business operators working within a GST framework will need to pay extra attention to recordkeeping with the Australian Tax Office cracking down on fraudulent returns, under-reporting and non-payment of GST debts. "In the current Budget, the Government has allocated $445 million over the next four years to stamp out the cash economy and increase GST compliance," Ms Finlayson said. "With unemployment tipped to drop below 5 per cent by mid 2012, skilled workers will once again be hard to find," Ms Finlayson said. SBDC Acting Managing Director, Jacky Finlayson, says the ETO is not well known so many small businesses who qualify for it may be missing out. "It's not often an opportunity comes along to make genuine savings on business tax, so this initiative will be welcomed by many small and micro business owners," Ms Finlayson. Business owners with a turnover of less than $75,000 should ensure their accountants apply for the 25 per cent ETO on their behalf.* According to Ms Finlayson, a micro business or a business just starting up, would find the savings quite substantial. "In general, businesses should ensure they are applying for all subsidies or tax breaks to which they are entitled," Ms Finlayson said. "In this instance, a business with a taxable income of $50,000 could qualify for a tax saving of up to $2,250, which is quite significant. According to the Australian Taxation Office, where eligible businesses missed claiming the Entrepreneurs' Tax Offset last financial year, it is possible to have that return amended. "We encourage small business operators to contact their accountants, the SBDC or their nearest Small Business Centre to check whether their business is eligible for the ETO," Ms Finlayson said. SBDC Acting Managing Director Jacky Finlayson, says many small businesses who experienced lean times during the economic downturn may be cutting corners in an attempt to recover lost ground. "It's very tempting to be lenient with customer credit or drop prices in the hope of attracting more customers but if it results in starving your cashflow then the business just won't survive," Ms Finlayson said. "Having a sound debt recovery process in place and maintaining realistic profit levels is the key to a viable business that will satisfy the banks and see the business succeed long term."

Read More
Media Releases

SBDC Acting Managing Director, Jacky Finlayson, says employment levels are high and despite householders dealing with increased living costs, consumers still have discretionary dollars to spend at this time of the year.
Ms Jacky Finlayson, Acting Managing Director of the Small Business Development Corporation says the online service is designed to make the process as easy as possible for small business operators. "Employers can register online and when it is time to make your superannuation contribution payments, it can be done in one transaction." "It's fast, free and efficient, and is designed to be as simple as possible by enabling one superannuation payment for all staff, to be distributed to various employees' super funds," Ms Finlayson adds. Acting Managing Director, Ms Jacky Finlayson, says the theme for this year's celebrations, as have been in the past, can provide a meaningful driver for change to improve the prosperity for all Aboriginal people. "SBDC fully supports indigenous people and their prosperity and for those wanting to start a business, our Aboriginal Business Unit (ABU) was primarily established for that reason." "Aboriginal businesses are well represented across the board, offering amazing experiences for international and local tourists as well as contracting to mining companies, earthmoving for roads and construction, running cafes and restaurants, manufacturing, and transporting goods around the country," Ms Finlayson says. Small Business Development Corporation Acting Manager Director, Ms Jacky Finlayson, says it's better to have plans in place, than to be caught on the hop. "Since the first of January this year, primary carers of babies have been eligible for 18 weeks' paid parental leave at the minimum rate of pay, paid by the Commonwealth Family Assistance Office," Ms Finlayson said. "The difference, as of the first of July, is that the payments will be made through existing pay arrangements, by the employer, rather than through Centrelink as it is currently." With money provided in advance by the Government, the minimum wage of $590 per week will be paid by employers to eligible employees for babies born, or adopted, from 1 July 2011. Ms Finlayson says the rationale for these changes is all about maintaining a connection between the parent on parental leave, and the employer, therefore increasing the likelihood of their return to work. "If these changes help maintain a supportive relationship between the employee and employer during the parental leave, and encourage a return to the workforce after the leave is completed, then that's a positive outcome," Ms Finlayson said. Small Business Development Corporation Acting Managing Director, Ms Jacky Finlayson, says the changes will provide greater flexibility and possibly more opportunities for casual after-school employment, but small business employers need to be sure they are staying within the rules. "After-school work for students is part of the economic culture in Australia, and many small retailers rely on part-time student workers in their business," Ms Finlayson said. SBDC Acting Managing Director, Ms Jacky Finlayson, says the free, two-hour workshops have been an outstanding success since they commenced last year. "We took a short break from holding the workshops while we moved to our new office, but the inquiries just kept coming," Ms Finlayson said. The BizBasics workshops are delivered by experienced small business advisors who guide potential small business owners through the steps required to establish and run a small business." "We cover everything from a personal assessment to market research, business structures, regulations and licences, financing, marketing and business planning." "The BizBasics workshops are held every Tuesday morning from 9.30am to 11.30am and include a practical workbook which forms the foundations of your business plan," Ms Finlayson said. Acting Managing Director, Ms Jacky Finlayson says although many Aboriginal-owned businesses are in the tourism industry, there are others in industries such as diverse as hospitality, mining and manufacturing. "Aboriginal businesses are well represented across the board, offering amazing experiences for international and local tourists, as well as contracting to mining companies, earthmoving for roads and construction, running cafes and restaurants, manufacturing, and transporting goods around the country," Ms Finlayson said. Small Business Development Corporation (SBDC) Acting Managing Director, Ms Jacky Finlayson, says the BiZFiT program has been an overwhelming success since it began in October 2008 and more workshops have been added this year. "BiZFiT has been specially designed to build resilience in both the business and the business owner," Ms Finlayson said. "Small business operators today are realising the benefits that can be gained from a more formal approach to running their business," Ms Finlayson said. SBDC Acting Managing Director, Jacky Finlayson, says more Western Australian women are taking the plunge and discovering the joys of self-employment. "According to the Australian Bureau of Statistics, there are approximately 71,630 small businesses run by women in Western Australia, and an estimated 15 per cent of all exporting businesses in WA have a woman at the helm," Ms Finlayson said. In the one hundred years since the launch of International Women's Day, the business landscape has changed significantly for women wanting the independence of being their own boss. "We hear many stories from our female clients about why they want to start a business of their own," Ms Finlayson said. Ms Finlayson says there has also been an overwhelming response from women business owners taking part in the Government's BiZFiT suite of business resilience workshops*. "Since the program began, 483 women (46%) have taken part in various elements of the BiZFiT program. Given that 35 per cent of small businesses are currently owned and operated by women, this would indicate that percentage is on the increase," Ms Finlayson said. SBDC Acting Managing Director, Jacky Finlayson, says a flash poll conducted by the SBDC last month, reveals that almost 50 per cent of small business operators are expecting the economy to work in their favour over the next twelve months. "Almost two-thirds of respondents are also saying they expect sales or revenue to increase over the next year, so the outlook for 2011 is looking good," Ms Finlayson said. Ms Finlayson says it is worth noting that in 2010, "red tape issues" were the third biggest challenge, but this year, red tape issues have been relegated to seventh place on the list. Small Business Development Corporation (SBDC) Acting Managing Director, Ms Jacky Finlayson, says the program has been very well received by business owners in the Mid West, Eastern Wheatbelt and Great Southern regions, and it is important that eligible businesses make their applications as soon as possible. "The program is being rolled out through the network of Small Business Centres, and by the SBDC directly, and has been a welcome boost for business," Ms Finlayson said.

Read More
IAMA - State Chapters

Speaker: Jacky Finlayson, Small Business Development Corporation

Read More

Browse ZoomInfo’s Directories