Figure 4 . The Business Life Cycle
Source : Indigenous Business Australia
Following the launch of the REIS in 2016 , the TSRA ’ s Economic Development Programme Team embarked on a more strategic , informed and targeted approach to the delivery of business assistance products and services . A key recommendation of the REIS was that the TSRA pro-actively focus its business assistance services on opportunities for commercially viable business development within three ‘ focal ’ industries , being : Fishing ; Cultural Arts and Creative Industries ; and Tourism .
The Cultural Arts and Creative Industries Business Growth Package is specifically designed to support businesses that rely on ‘ creativity ’ as their primary source of value . This includes those seeking to build a business based on traditional arts and culture as well as those looking to develop other ‘ creative ’ businesses or business ideas in any of the six Arts and Creative Industries segments referred to above .
The BGP was designed specifically to support and grow commercially-viable businesses owned and operated by Torres Strait Islanders and Aboriginal people in the Torres Strait Region . It is focussed on more ‘ mature ’ businesses and proposals with a well-developed business case and is designed to complement the suite of other business support products and services of the TSRA and other agencies including the Department of Prime Minister and Cabinet ( PM & C ), Indigenous Business Australia ( IBA ) and the Queensland Government .
The TSRA ’ s Economic Development Programme Team has developed and implemented a suite of products and services to support business entrepreneurs through every stage of the business life cycle .
In addition to the BGP , under the REIS framework , the TSRA facilitates business development workshops and access to business mentoring and support services as well as business loans . The TSRA also provides access to support offered by others , including support for participation in business development summits , trade events , forums and conferences as well as referrals by the TSRA to other ( non-TSRA ) business assistance products and services .
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