Grow Your Business Program
Up to $11,500 is available to assist with business plan development.
About
Grow Your Business is a business planning program that helps small businesses to develop and implement strategies to become internationally competitive by offering a range of planning and management services. Businesses can engage the services of an independent specialist to prepare a business plan.
Objectives
The Grow Your Business program assists established businesses to grow by:
- increasing productivity and lifting competitiveness
- exploring new export opportunities
- increasing investment in research and innovation
- attracting investment and venture capital
- pursuing environmentally sustainable practices
- considering new marketing and promotion opportunities
Eligibility Criteria
Businesses participating in subsidised Grow Your Business program must satisfy the following criteria:
- be financially viable (In order to assess financial viability businesses are required to provide a financial report for the last two financial years)
- be a tradeable service (A business that falls under the definition of tradeable services include manufacturers (as indicated by the ANZSIC classification system) and service firms, showing they face import competition, are exporting or have the potential to export or internationalise their business operations in other ways)
- be based in Victoria
- have a commitment to export or import replacement
- show management strengths
- at least twelve months trading history
Funding
| 1. Business Strategic Review | 2. Business Development Plans |
| An analysis of where your company has come from. | Pinpoint where you want to go and how you are going to get there. |
| 75% subsidy up to $4,000 | 50% subsidy up to $7,500 |
Business Strategic Review
The Business Strategic Review is a chance to gain a valuable insight into areas of operation and is designed to:
- identify the immediate past and present position of a business
- illustrate strengths, weaknesses, opportunities and threats
- identify and prioritise areas that require attention or change
- This ‘situational analysis’ can also be directed toward specific issues such as:
- production/process
- finance
- export and marketing
- eBusiness
- human resources
- training strategies
- environment
- Outcomes can form the basis of a comprehensive action plan.
Business Development Plan
The Business Development Plan will assist organisations to pinpoint where they want to go and how they are going to get there. This allows the business to:
- identify and develop processes that will assist in meeting their overall objectives
- identify further opportunities and put together a comprehensive plan for the future
The Business Development Plan can be used by businesses wanting to develop their overall business strategy, or specific areas such as, but not limited to:
- production/process
- finance
- environmental strategies
- export and marketing
- eBusiness development
- supply chain
- human resources and training strategies
- business mentoring
Case studies
See how some small and medium businesses in Victoria benefited from participating in the Grow Your Business program.
Changing your business mindset to grow your business – Precise Business Solutions
Darren and Justin Templar from Precise Business Solutions participated in Small Business Victoria’s Grow Your Business Program to enable them to become more strategic in their business planning as their business grew. Find out how the program helped Darren focus on an updated operations strategy to meet the changing nature of their product development and their client relationships.
Increase sales by developing a custom online booking system – Global Ballooning
Global Ballooning boast of a large fleet of balloons that colour the Melbourne and the Yarra Valley landscape all year round. The business needed an integrated system that enabled staff to competently handle bookings while also keeping track of an enormous amount of communication between customers, balloonists and agency partners. General manager Despina Karatzias enrolled in the Grow Your Business program which included training on ecommerce systems and online marketing techniques.
Get organised and grow your business strategically – Crawford Catering
As founder and director of three thriving businesses, Crawford Catering, Crawford Kitchens and CrawFab, Andrew Crawford had his hands full. His biggest challenge as the owner of multiple businesses was learning to let go and delegate. Attending the Grow Your Business program helped Andrew create a strategic business development plan.
Refocusing your business objectives and structure to help promote growth – Zelanga Steel
Forced to downsize the scale of his business, Evert Veenhot needed to re-consider his business approach. Evert attended the Grow Your Business program which helped him reevaluate, including which sectors were best suited to Zelanga Steel’s more customised approach, optimum business size, marketing approaches and internal administration business tools.
Other Programs Available
- Grow Your Business – Business Development Plan – Mentoring – The mentoring program is designed to help businesses with a strategic business plan, who need guidance in its implementation.
- Grow Your Business – Group Programs – Encourages smaller firms to develop the management skills and competencies required to support long term growth.
- Grow Your Business – Networks Program – Establishes networks including customer supplier networks, innovation networks, and lead firm networks.
Expert Assistance
We have assisted multiple companies secure this grant and assist them with preparation of a Business Plan. Contact us to see how we can assist further.
