The National Disability Insurance Scheme (NDIS) is a revolutionary way to provide care and support for people with disabilities in Australia. It has enabled hundreds of thousands of Australians to access the services they need. But running your NDIS business can be complex and challenging, especially if you’re looking to grow or expand your care agency.
This guide aims to help you understand what it takes to successfully grow your NDIS business. We’ll cover topics such as understanding the NDIS landscape, developing a strategic plan for growth, managing finances and budgeting effectively, hiring skilled staff, and marketing your services.
By following these steps and taking on board the free guide to growing your NDIS business, you’ll be well-positioned to take full advantage of the opportunities that come with operating this kind of care agency.
Let’s get started!
First, it’s important to understand the NDIS landscape. This includes understanding the roles and responsibilities of participants, providers, and the NDIA (National Disability Insurance Agency). It also involves understanding the various rules and regulations around running NDIS businesses.
Once you have a clear understanding of the NDIS landscape, you can then start to develop a strategy for progression.
Develop a Strategy
Developing a strategic growth plan involves setting clear goals and objectives and creating actionable steps to achieve them.
For example, if your goal is to provide more services or expand into new regions, you need to consider factors such as available funding, staffing requirements, and the legalities of operating in new regions.
A well-thought-out plan will give you a roadmap to follow when growing your NDIS business.
Manage Finances & Budgeting
Growing your NDIS business is also dependent on financial management and budgeting. You’ll need to consider how to manage cash flow, ensure proper bookkeeping and financial reporting practices, and develop a budget for the upcoming year.
Having a comprehensive understanding of your financial situation is essential if you want to make informed decisions about expanding your business.
Everything must be paid for and budgeting using software might be the safest approach so as not to miss something important until it is too late. Costs can soon spiral out of control if not kept an eye on regularly.
Hire Skilled Staff
To successfully grow your NDIS business, it’s important to have qualified and experienced staff in place. You’ll need to consider the skills and qualifications needed for each role and how you can attract high-caliber candidates.
It can be difficult to attract the best staff to the care sector because it is something of a vocation when it comes to the rates of pay, but then there are many with the compassion to want to look after others. It is a very rewarding job to see the needy helped and enjoying life more than they would otherwise.
It’s also important to ensure your staff are regularly trained and kept up to date with the latest developments in NDIS services.
The training of staff will be everything to the quality and standard of care delivered. Courses and guides should help with the management of the patients in their own homes.
Marketing and Promotion
As with any business, it’s important to market and promote your services to reach new customers. This could include attending events or exhibitions, in addition to utilizing digital marketing tools such as social media, email campaigns, and search engine optimization (SEO).
It will be a case of targeting those who need help because of their disability. This will include help with managing their care and the funding of it.
Growing a business will allow you to take on more patients that all require help in their own homes. Just focusing on the NDIS ones will be more than enough to turn your business into a substantial one that employs many carers, with some visiting certain homes several times a day.