Business Point

The promises of increased profits, greater market share or taking advantage of economies of scale are all attractive reasons to want to grow your business. Careful planning is required when growing your business. Working hard to generate brand awareness and excellent business reputation are essential in opening up opportunities for growth. Growth will bring new challenges. This section looks at ways to expand your business, and gathers information resources that can help you manage your business through the growth phase.

Identifying and developing new markets

Expanding your business into new markets such as e-business, exporting, or innovative niche marketing requires substantial strategic planning and research into your options.

Financing your business

Good financial management is critical to the ongoing success of your business. When you're starting out, you need to work out how much funding you need, where you can get it and how to manage your financial arrangements.

Developing your workforce

Find information on workplace awards, human resources management and sponsorship for overseas workers.

Improving your efficiency and productivity

Growing a strong, sustainable business means developing all your operations systems to cope with future expansion, including production methods, technology, environmental practices, financial processes, supply chains and logistics.

Innovation

Businesses must be on the lookout for new and better products and services, more efficient processes, new ways of delivering services and other innovative strategies to get ahead of their competition.

Exporting

The Export and Investment Marketing business unit at the Department of Economic Development, Tourism and the Arts provides assistance to Tasmanian businesses who are seeking to develop or expand sales of products or services into national and international markets. The unit matches national and international buyers who are interested in Tasmanian products or services who wish to meet and establish relationships with Tasmanian businesses.

Managing your growing business

Expansion of your business success brings great management challenges. It is vital that the management team of your organisation develops strong skills in financial management, team and organisational leadership and infrastructure and resource planning.

Business Licence Information Service (BLIS)

BLIS is a one-stop-shop for high-level information on a range of Australian, State and Local Government controls that you must comply with when operating a business (or occupation) in Tasmania.  These controls include licenses, permits, approvals, registrations, codes of practices, standards and guidelines.

Enterprise Centres Tasmania (ECT) 

Business consultants from Enterprise Centres Tasmania offer free and confidential guidance on areas such as business planning, management, financial management and marketing. ECT offer state-wide workshops covering a wide range of topics relevant to small business.

Check out their latest workshops.

Business Mentor Services Tasmania (BMST)

BMST provides free business and community mentoring services. BMST has over 110 experienced, successful and accredited volunteer mentors that offer statewide support.