Business growth plans are short-term outlines for where a company sees itself in the next one to two years.
The growth plan should be formatted to follow along with each quarter. At the end of each quarter, the company can review what goals were met and what goals were missed during that period.
At this point, management can revise the business growth plan to reflect current market standing.
A business growth plan is beneficial to a company as a whole, but the main purpose is to write it with investors in mind. Investors want an outline of how your company plans to build sales in the coming months.
Growth plans are customizable to each business and don't need to follow a set template.
However, all business growth plans must be heavily focused on revenue.
The plan should answer a simple question: How does your company plan to make money each quarter?
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