Writing a business Growth Plan

If you plan to succeed, your plans succeed! This is a business truism, and for small businesses planning for growth is essential. You don’t want to remain static. The whole point of going into business is to grow and succeed. So what is a business growth plan, and how do you create one?

What is a growth plan?

A growth plan is a chance to revisit your original business plan. It allows you to adjust your original projections and to lay out how you intend to grow your business. It can include:

• Advertising strategies
• Funding requirements
• Premises expansion plans
• Training and development
• New markets
• International and overseas trade
• Online and e-commerce development

A growth plan can help you to develop your business strategy. It takes into account your achievements so far, and allows for any corrections in your future predictions. So you can look at re-allocating funding to areas of the business that need it, for example. It shows potential investors how you would use their money to maximise growth and return. It let you assess your performance against your original goals and targets. It also allows you to develop new targets for the next phase of your growth.

Why do I need one?

If you want investors to put money into your business, you need to show them how you will use those funds. This reassures them that their money is being used effectively. It also shows that they will get a return on their investment.

How will it help my business?

Without a growth plan your business won’t develop. By planning properly, you can allocate resources where they are most needed. You can factor in personal development and training for you and your staff. You can also explore new markets both at home and abroad.

How can the TDA help?

Our Business Advisors have the experience and expertise in helping businesses write growth plans. They can advise you on what to include in your plan. They can also tell you how to implement the plan effectively, to help your business grow.

Find out more by booking a free, 1-hour Business Plan Health Check with our Business Advisors. Contact us at for further information