Growth Plan

How can a growth and expansion plan help the business?

Market share and penetration. Failing to expand a business’ market share over time is a certain path to its demise. Businesses that fail to grow suffer from a single commonality: cost increases. Each month, increases in operational costs eat away at the budget; and in the absence of new sources of revenue, this trend continues until the business ceases operations. Any business that is not growing is losing ground to competitors and might eventually cease to exist.

Recovering early losses. Most companies lose far more than they earn in their first years of operations. To recover these losses, the business needs to grow to a point where it can produce more revenue than it requires to repay its debts/losses and to sustain itself.