Business Funding for Business Growth
Business Funding for Business Growth
Did you know your business could be eligible for co-funding to have an experienced business advisor from The Engine Limited who understands all aspects of business?
You only know what you know—and having experience is the difference between a rudderless or sinking business and one that will stand the test of new direction from strategies that actually work. The Engine Limited are leaders in the advisory space and recognised success service providers to the Regional Business Partner Network. You could be eligible for co-funding of up to $5,000, but know that this funding pot isn’t bottomless. Reach out to businessadvice@theengine.biz to find out more.
Let’s look at why strategy alone won‘t work unless we & you understand your business baseline.
The importance of a strong baseline
Starting a 3–5-year business strategy without first establishing a solid baseline and addressing any disconnects is like setting sail without a compass. You might have great ideas and enthusiasm, but without understanding where you currently stand, you risk drifting off course.
Establishing that baseline is about more than just numbers—it’s about gaining a real understanding of your current situation, your team, your customers, and the external environment. This understanding sets the tone for all the decisions you’ll make moving forward.
Why is a baseline so important?
In my experience as a business advisor for over a decade now, many businesses underestimate the importance of establishing a baseline. A baseline provides a clear snapshot of your business performance across various dimensions—financial health, customer satisfaction, employee engagement, stakeholder returns and operational efficiencies. It’s your starting point and allows you to measure progress along the way.
With a well-defined baseline, you can identify what’s working, what’s not, and where the opportunities for growth lie. It empowers you to create an informed and robust road mapped business strategy rather than making guesses based on assumptions, outdated information or in 99.9% of cases the disconnects between owner/s and owners and their teams. Different departments might be working towards different goals, leading to confusion and inefficiencies. Just like you are the expert of all things in your trade, The Engine Limited have a proven track record for turning around businesses with strategy and implementation, only after the baseline has been established, cracks sealed firmly and everyone understands their roles.
Subscribe to The Engine Business Coach.
Save thousands of dollars by avoiding simple but often-overlooked business mistakes with our monthly advisory newsletter.