Will your business idea make money? Strategies to show you how

Imagine this: You have a brilliant business idea that you believe could change the world. You’ve spent countless hours dreaming about it, planning it, and even discussing it with friends and family. But there’s one crucial question that keeps you up at night – will it make money?

5 min read
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Imagine this: You have a brilliant business idea that you believe could change the world. You’ve spent countless hours dreaming about it, planning it, and even discussing it with friends and family. But there’s one crucial question that keeps you up at night – will it make money? This special workshop, hosted by Liz Kaelin, a renowned mentor and Partnerships Manager at Mums & Co, is designed to help you find the answer.

Meet Liz Kaelin

Liz Kaelin’s journey is a testament to the power of passion and perseverance. From her early days as a clinician to becoming a tech founder, Liz has always been driven by a desire to create meaningful connections and advocate for consumers. Her role as a top mentor in Australia and her achievements in the business world make her the perfect guide for aspiring entrepreneurs.

Here’s what some of our community who have worked with Liz have to say:

  • Edom:  "I had the pleasure of meeting Liz and it was like we had been setting up my business together from the beginning. She had very insightful suggestions and networking directions that I was hoping to leverage from our conversation. I really felt at ease talking to her about my goals and vision, to which she saw even bigger ones. Her taking the time to take that call was amazing. Anyone looking for that support and genuine feedback, I will run to Liz."
  • Louise: "Liz really 'saw' who I was, not just as a business, but as a person. She was fun, incredibly insightful, and down-to-earth. My discussion with Liz gave me clarity on my brand and that extra boost of courage I needed to get clear so that I could take the next step in my business. I would jump on the chance to set up a time to connect with Liz for anyone that is reading this."

Workshop Overview

In this interactive workshop, Liz will take you through a series of hands-on activities and provide expert guidance to help you evaluate market demand, analyse competition, and build a financial model to test your concept’s profitability. Picture yourself in a (virtual) room full of like-minded individuals, all eager to learn and grow. Together, you’ll tackle key questions like, "Is there a genuine need for my product or service?" and "How can I differentiate my business in a competitive landscape?"

The Importance of Profitability

For small business owners, understanding whether your business will make money is not just important – it’s essential. Imagine investing your time, energy, and resources into a venture, only to find out later that it’s not financially viable. This can be a heartbreaking and costly mistake. By assessing your business idea’s profitability early on, you can make informed decisions, avoid potential pitfalls, and set yourself up for success.

Benefits of Attending

  1. Profitability Potential: Gain a clear understanding of your profitability potential and learn how to maximize it.
  2. Competitive Pricing: Discover how to price your products or services fairly and competitively.
  3. Hidden Costs: Uncover hidden costs and ensure you are covered to avoid unexpected expenses.

Importance of Workshops for Small Business Owners

Learning from industry experts like Liz Kaelin can significantly impact your business's success. According to a study by the Small Business Administration (USA) , businesses that receive mentoring and training are more likely to survive and grow. Networking opportunities at workshops also provide valuable connections with like-minded individuals and potential partners. Additionally, the practical strategies and actionable insights gained from such events can be directly applied to your business, helping you navigate challenges and seize opportunities.

By attending this workshop, small business owners will gain invaluable insights and practical strategies to ensure their business ideas are viable and profitable. Don’t miss this opportunity to learn from one of the best in the industry and connect with fellow entrepreneurs.

Register now and take the first step towards business success!
Will your business idea make money? And strategies to show you how with Liz Kaelin

Apr 10, 2025 | 12:30 PM - 1:30 PM AEDT |Online