May 2023

JDean Excavations, a family-run business specializing in civil infrastructure drainage and general excavation in Melbourne, is committed to delivering safe and high-quality work within designated timelines. Their skilled team and well-maintained fleet of advanced machinery ensure consistent excellence for their clients.

Participating in the Ready for Growth program, Hayley Dean, CEO of JDean Excavations, had three key outcomes in mind: gaining financial management oversight, developing a strategic plan, and investing in their workforce through training, development, and recruitment.

To better understand their cash flow and profitability, Hayley aimed to develop a cash flow model and reporting system for project profitability analysis. She also focused on conducting a comprehensive gap analysis of their HR processes and implementing new policies and systems. Additionally, the JDean team sought to tender and win a project within the next two years and develop an overall business strategy for the next few years.

Working with their facilitator, JDean Excavations made significant progress towards their goals. They developed an action plan for cash flow management and engaged an accountant for assistance. Although the timeline for completing this goal was extended, they remained committed to achieving it. They also recognized the need for time to review and update HR policies and sought external HR support.

Regarding the goal of tendering for projects, Hayley discovered an opportunity to tender sooner than anticipated. She aimed to understand the funding and capability gaps required for successful tenders and explored the possibility of joint ventures. In terms of strategic planning, JDean Excavations completed a SWOT analysis and developed action plans to address weaknesses. Hayley and her team continue to focus on financial results, pipeline development, HR and operational requirements, and achieving short and long-term goals.

“Mark was great to work with. He supported us to work on actionable steps as we progressed towards our business goals. We have finished the program with stronger systems, procedures, and a better understanding of financial data.” Haley Dean, CEO.

By leveraging available opportunities and refining their strategic approach, JDean Excavations is poised for continued growth and success.

Ready for Growth assists Victorian businesses to grow and succeed. Visit https://business.vic.gov.au/grants-and-programs/ready-for-growth to find out more.

WEBSITE https://www.jdeanexcavations.com/