The other part of the legal process the entrepreneur must understand is the law of contract. This is most easily gained when working as a salesperson, but again there are simple books and courses run by such bodies as the Australian Institute of Company Directors. Another way of gaining entrepreneurial experience is to attend the Enterprise Workshop. The Enterprise Workshop is a nine-month program that starts every February. The Enterprise Workshop operates independently in each state and is funded by a combination of government grants, corporate sponsorship and participants' fees.
Participants first learn how to prepare a business plan.
They then form into groups and prepare a business plan for an actual invention. The plans are then judged in a state competition and the state winners entered into a national competition. A number of successful companies have been conceived at Enterprise Workshops. Ideally the best preparation an entrepreneur can have is to work as a general manager in charge of a profit centre for a large company. Several years learning the disciplines of profit-centre management are invaluable.