THE NEED TO LEAD
Local business leaders have a critical role to play in driving growth and diversification in regional Australia.
The challenge for business owners and industry leaders is in maintaining economic momentum while unlocking the potential of the rural sector both domestically and in tapping the opportunities of overseas markets.
Many regional business owners are innovative, driven and knowledgeable about their products, services and target markets. But how can we help enable them to take the next step and foster their future growth potential?
Regardless of geographic location, upskilling small-to-medium-sized businesses to facilitate revenue growth, create jobs and expand into new markets is critical. At ANZ we see this firsthand with the participants and graduates in ANZ’s Business Growth Program.
Delivered in partnership with the University of South Australia’s Centre for Business Growth and facilitated by Dr Jana Mathews and nine national and international growth experts, the program has been successful in developing sustainable scale among Australian SMEs.
The first group of business participants in the program achieved an aggregate revenue increase of 24 per cent and profit growth of 29 per cent. The program has seen 114 jobs created, with CEOs focusing on building the right teams to support their vision and growth ambitions. Tellingly, four companies have since expanded into new, offshore markets.
Helping to clarify the existing vision and identify skill gaps while providing broader perspectives is an important element of the program.
On regional standout is South Australia’s ComFresh Group.
ComFresh CEO Johnny Tran and his executive team have worked hard to develop their fresh produce and distribution company, overhauling the business from top to bottom and setting sights on clearly defining their strategy as part of their participation in the program.