Improve Your Business
Managing a larger business requires a different set of skills. Our clients started their businesses as experts in their field and came to us once they suddenly realised they were now the CEO and managing a team.
Where Do You Need Help?
Every business gets to a crossroads. Which pathway you choose will determine how fast you grow, how robust your systems are, and what sort of legacy you will leave. We know business owners value practical objective support. What help do you need?
Not sure where your business is heading?
The urgent day-to-day of running a business often takes prevalence over strategy, leaving business owners with little time to work on tasks that deliver real business value. Taking the time to engage in strategic planning can help you chart a course towards a successful future for your business. This will provide you with the clarity to make better business decisions and you will spend less time reacting to challenges that are thrown your way.
We can help you by:
- Identifying where your business is now, and the options for where it can be in the future.
- Providing a thorough diagnostic of your business, identifying what you are doing well, and which areas of your business need to be improved.
- Undergoing scenario planning for risk minimisation.
- Discussing your business goals and working with you to create a roadmap for achieving them.
Too reliant on one customer? Who else can I sell to?
Relying too much on the one customer or market exposes your business to tremendous risk. Your business needs to be able to sell to a diverse range of customers and markets to be sustainable in the long-term. A small customer base puts your customers in control of your business, which can lead to disaster if the market changes.
We can help you by:
- Working with your business to identify creative and strategic ways to diversify your business and appeal to multiple markets.
- Identifying opportunities with your existing products and services, or simple ways to pivot and offer something new.
- Building a comprehensive diversification strategy to excel in your new market without compromising your delivery to existing customers.
- Tailoring your solution to whether you seek sustainability or growth.
Everyone seems to know where to find government money, how do I get some?
Australian governments release billions of dollars’ worth of tenders, grants, and loans each year to support the innovation and growth of small and medium businesses. Applying for government money will put your business through a highly competitive process but can ultimately provide you with a lucrative long-term customer or well-needed business finance.
We can help you by:
- Identifying the types of funding and opportunities available to your business.
- Developing a government relations strategy that maximises your chances of receiving funding.
- Writing powerful responses that address government selection criteria.
- Managing your relationships with government stakeholders to ensure your business puts its best foot forward.
If I want to leave my business, I need to start documenting how it works. But where do I start?
When you have built a business from the ground up, you have created a powerful legacy which can be hard to step away from. However, every owner reaches a point where they need to take a step back from their business. To start this process, you need to be able to ensure that your business can run smoothly without you at the helm.
We can help you by:
- Spending time with your business and employees to see how you work and identify what practices need to be preserved for the future.
- Creating a suite of policies and procedures that document exactly how your business needs to operate, minimising room for error.
- Working with you to create an exit strategy that will allow you to earn a passive income from your business without you at the helm.
Acknowledgement Of Country
Business Foundations acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.
Victoria
The Commons
80 Market Street,
South Melbourne VIC 3205
admin@businessfoundations.com.au
Western Australia
Wesley Central
2 Cantonment Street,
Fremantle WA 6160
admin@businessfoundations.com.au
Get In Touch
Have a question or to find out how we can help you, please get in touch.
