Assess your options for business growth
Planning for business growth (video)
This short video (6 minutes 12 seconds) explains what you must consider as you prepare your business for growth. The tutorial tells you:
- How to carry out a business review - covering things like premises, location, equipment, staffing, current financial situation, staffing, customers, competitors, etc. For best practices on business reviews, see measure performance and set targets.
- How to know if you are ready to grow - discussing some common business growth implications and suggesting how to avoid problems during business growth.
- The different ways you can grow your business - eg through market penetration, market development or product development, or other business growth strategies.
- How you can put together some concrete goals - by planning strategically and preparing a business plan for growth.
For quick takeaways from this video, see top tips to prepare your business for growth.