Are you a business owner? Here’s 8 ways to grow your business this year!

1. Connect with a Business Adviser: Seek advice, solve problems, and explore growth opportunities.
2. Attend Business Events and Workshops: Enhance your knowledge and network with other businesses.
3. Explore Grants and Programs: Government grants can support research, expansion, and improvement.
4. Consider Business Structure Changes: Adapt as your business evolves. Explore options like transitioning from a sole trader to a company or partnership.
5. Conduct Market Research: Understand your customers’ needs and expand strategically. Utilize existing data and insights.
6. Review Your Financial Position: Regularly assess income, expenses, and cash flow. Make adjustments to improve financial health.
7. Find Tenders and Contracts: Explore databases and networks to secure new opportunities, especially in government contracts.
8. Boost Your Online Presence: Stay current by evolving online. Connect with existing and new customers through digital channels.

Source: 10 ways to grow your business in 2024 | business.gov.au