Building a Resilient Business

A recent report by the Stretton Centre confirms that business owners in northern Adelaide are well aware of the potential impact that the closure of GM Holden will have on their business. According to that report nearly four in ten employers indicated the closure of the automotive sector may lead to a fall in employment with smaller enterprises most vulnerable to the impacts of the automotive industry closure.

While the figures make alarming reading, at the Polaris Centre we are already working with firms who are acknowledging the risks and are now taking deliberate steps to build more resilient businesses in preparation for the closure and subsequent loss of income from the region. These firms are employing strategies such as expanding markets, exploring new supply chains, developing new services and process improvement to increase efficiencies.

Although spoken in a different context, the new coach of the Adelaide Crows told his team that “success does not come looking for you.” The same applies in business. At the Polaris Centre we can help you identify programs that may be able to help your business grow. We also offer a complete range of business advisory, mentoring, business growth and digital economy programs.

For certain sectors the State and Commonwealth Governments are making grants and programs available. These include the Manufacturing Transition Programme, the Business Transformation Voucher Program and the Automotive Supplier Diversification Program.

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