Top 10 business tasks to tackle this EOFY
Helen Ruddy • May 22, 2024
- Talk to your accountant – to help you solve your business problems and find opportunities for growth.
- Sign up for business events – networking is such an underrated tool for business growth. You can meet new potential customers, gather some great advocates for your business and also learn and train. Check out your local chamber of commerce or TSBE.
- Apply for a grant - Applying for a government grant or program can offer support or funding to help you research, expand or find new ways to improve or grow your business.
- Consider changing your business structure – As your business evolves, you may also have to consider a business restructure. Restructuring can help you to be more profitable, improve processes and adapt to the changing needs of your business.
- Research the market – Learning about what your customers need and how to get your brand in front of them is a great way to expand your business.
- Review your financial position – cashflow is still king. Check your income and expenses regularly, review unnecessary expenses, do another stocktake, is it time for a price increase?
- Find new tenders and contract opportunities - Finding new tenders and contracts is a great way to grow your business. There are databases, tools and support networks available to help businesses find, apply for and secure tenders and contracts.
- Expand your online presence - Make sure you’re doing everything you can to reach your customers. Maybe you need to add a new section on your website or create a profile on a new social media platform – what worked a few years ago might not be right for today’s digital landscape.
- Review your policies and procedures - Make sure you’re running as efficiently as possible by reviewing your policies and processes – on everything from risk management to recruitment.
- Hire the right people – As business grows, so should your staff, but ensure you are recruiting the right people for the right job and assess the impacts, costs and obligations involved.
This article has been sourced and adapted from the Australian Government website: https://business.gov.au/news/10-ways-to-grow-your-business-in-2024?utm_source=bga_newsletter&utm_medium=email&utm_campaign=bga_newsletter_20240326&atid=c677bbb71ab8350f
After an incredible career dedicated to supporting regional businesses, farming families and rural communities, BMO Business Centre Partner Adrian Rasmussen will officially retire from the partnership effective 30 June 2026. For many across the Western Downs and beyond, Adrian has been far more than an accountant or advisor. Over decades in business, he has built trusted relationships grounded in honesty, loyalty and a genuine understanding of regional life and the people who live it. Adrian’s connection to the country and agriculture has always been at the heart of who he is. He has worked alongside generations of farming families and business owners through seasons of growth, challenge and change, becoming a steady and respected presence for clients, colleagues and the wider community alike. Reflecting on his time at BMO, Adrian said the relationships formed throughout his career have been among the most rewarding parts of the journey. “It has been a privilege to work with so many wonderful people over the years; not only clients, but colleagues and communities who have become lifelong friends,” Adrian said. “Regional communities are built on relationships, trust and supporting one another, and I’m incredibly grateful to have been part of that throughout my career.” BMO Business Centre Managing Partners Kelvin Tyler and Michelle McVeigh said Adrian’s contribution to both the business and the region would leave a lasting legacy. “Adrian has played an incredibly important role in shaping BMO into the business it is today,” they said. “His care for clients, commitment to regional communities and calm, practical approach have earned enormous respect across our industry and the communities we serve. While we will certainly miss having him in the office, we are excited for Adrian and his family as they enter this next chapter.” While stepping away from the partnership, Adrian is looking forward to spending more time with family, on the farm and enjoying a well-earned change of pace after many years dedicated to supporting others. Everyone at BMO Business Centre extends their sincere thanks to Adrian for his years of service, friendship and leadership, and wishes Adrian and his family all the very best for the future.
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