Business Planning for Expansion

Business planning for expansion means study of the business growth strategy which includes increasing the physical presence (i.e. number of stores) and product development wherever required.

Business planning is an ongoing activity and should be updated whenever internal or external factors change.

Why it matters?

Helps to understand the viability of expansion strategy.

Helps to allocate the resources and time.

Helps to identify the market demand for expansion.

What documents are needed?

Quotation of machinery, equipment, furniture and other assets to be

purchased

SWOT analysis of your business

 

Write up on the activity, business process, and market study of the proposed business.

 

Previous balance sheets and P&L statements of the existing business

How it helps?

Factors considered for business expansion

 

List of documents required for the Project report.

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