Growing a business

To successfully grow your business, you will need to work hard at improving your operations and supply chain management practices. An overview of the basics can be found by clicking on the SmallBiz website links below.

• Systems & processes
  It is important for the business to have systems and processes.
• Launching new products & services
  Launching new products/services means taking risks and managing change.
• Account management
  Account, or client, management begins once a sale has been made.
• Infrastructure
  Changes in infrastructure may require a large investment where it is often difficult to measure ROI.
• Managing suppliers
  Suppliers are key stakeholders in your business, and finding reliable suppliers is important for business success.
• Knowledge management
  Knowledge Management is the explicit management of vital knowledge and information possessed by individuals so that it is effectively shared and used by others in the organisation (business intelligence).

These topics are further explored in the grow module in the Small Business Tool Kit. To develop a deeper understanding of these topics, visit the operations management and supply chain management modules in the Tool Kit.