If your business is going well, you might want to look at ways to grow it. Follow this guide to start expanding your operations, revenue or market share.
1. Research and plan: understand your market and make a clear plan for sustainable growth. This helps reduce risk, keep you on track and measure your progress.
2. Get advice and support: before you make any major changes to your business, get some expert advice. You might also need extra funding to support your growth.
3. Review your business foundations: take a look at the basics of your business, including your structure, processes, relationships and premises.
4. Get more customers: growing your business often means attracting more customers. Decide how to expand your customer base to increase revenue.
5. Expand what you offer: grow your business by expanding the range of products or services you offer customers.
6. Grow your workforce and capabilities: as your business grows, you’ll probably need more people and skills to do the extra work.
7. Manage growth: growth comes with risks that you’ll need to manage carefully. This includes looking after your staff, customers and the environment.
Get detailed advice for each heading in the guide at business.gov.au.