Growing a business
Analysing your business
By analysing your business you can find out how well your business is going and which areas need improvement or have the potential to grow.Advice & support
There are a number of government services available to help you expand or improve your business. These services can provide general advice, workshops, seminars and networking events, and can even match you with a mentor or business coach.Business & market research
Consider collecting information from businesses, government bodies, trade publications, customers, industry associations and market reports.Business & marketing plans
Your business plan got you this far, but frequent planning is crucial to the ongoing growth of your business.Standards & codes of practice
Achieving best practice is one way your business can improve its operations and service, ultimately increasing your business competitiveness and the morale of both customers and staff.
Improving internal processes
Making improvements to your internal processes as your business grows can ensure it continues to run smoothly.Changing your business structure
As your business changes and grows you need to ensure that you manage these changes successfully.Financial management practices
Good financial management is essential for the expansion of your business.Changing legal obligations
Various laws may affect your business as it grows. These can include laws relating to employment and environmental management. You should also consider the following to ensure you meet your obligations.
Growth in the workplace
While your business improves and expands there are often changes that may affect the workplace.Employing additional staff
As your business grows you may need to employ additional staff with different skills or even employ staff for the first time.Training yourself or your employees
To keep up with or create business growth, you may need to ensure you are continually upgrading your skills and those of your staff.Moving to bigger premises
As your business grows, the size of your operations, staff or even the quantity of your stock may mean you need to move to larger premises.Moving to another state or territory
Useful guides, information and resources on moving to another state or territory.
Opportunities for business growth
Business growth can happen on its own or can be created by taking advantage of available opportunities.Innovation
Innovation can be a catalyst to the growth and success of your business. New and innovative ideas can help you create dynamic products or improve your existing services.Expanding your business online
One way your business can expand locally and overseas is through the use of information and communication technologies (ICT).Franchising your business
Once you establish a successful business, you could consider expanding your operations by franchising.Tenders & contracts
Expanding your business may mean you can access greater opportunities to do business with government.Environmental management practices
Managing your impact on the environment and complying with your legal responsibilities ensures your growing business is competitive, environmentally friendly and able to realise possible financial benefits.Grants & financial assistance
Grants and other funding programs are available from Australian, state and territory governments and in some cases from local councils.Export your goods or services
Growth through expanding your market overseas can mean bigger profits and bigger risks.Import goods or services
Being aware of the import permits, quarantine permits, restrictions and treatments on your goods before you import can save you a lot of time and money.
This information is brought to you by business.gov.au and BEC Australia
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