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Managing Growth

Resources for managing growth of a small company.
Management eCoaching
Proven Measurable Results Live/Web integrated sessions
www.transcende.net
Management Development
Apply Online for Any of 8 Campuses Local to LA, San Diego, Palm Sprgs
www.Redlands.edu/SchoolOfBusiness
Leadership & Management
Turning Management and Leadership Goals into Reality for 30 Years.
www.Novations.com
$100k+ Executive Jobs
Search for Manager positions that pay over $100,000. Search Now
www.TheLadders.com
Successful Management
Download "The Performance Coaching Process" & Help Employees Succeed.
DaleCarnegie.com
Management Development
A Complete Training Curriculum. Free Previews.
BusinessTrainingExperts.com
Executive Development
Business-Driven Action Learning Builds Sustainability Acumen
www.RealiaGroup.com
Managing Growth
Managing growth Save on exactly what you need!
www.half.com
Leadership Development
The LEAD Institute: a developmental program for high-potential managers
www.leadinstitute.com
Strategy Magazine
The source for the actionable business professional.
www.strategymagazine.com
Related Business Topics
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A-Z Managing Growth Provider Directory
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Business Solutions & Applications Consultants
Consulting firm specializing in helping small businesses study and deploy technology systems in the business.
bsac.3comsbc.com
A
Access Silicon Valley
Provider of small-business services, specializing in growth management through government agencies, nonprofit organizations, educational institutions and corporations.
www.accesssv.org
Life Cycle of a Startup
Article on startup characteristics and the challenges of a growing company.
www.allbusiness.com
Ambler Growth Strategy Consultants
Provider of growth strategies for the technology, construction, family- and women-owned businesses.
www.ambler.com
American Business Advisors
Business and management advisory firm for small and mid-sized companies, including planning, resourcing and managing profits and growth.
www.amerbusinessadvisors.com
American Management Services
Provider of implementation-based profit improvement services for small and mid-sized businesses.
www.amserv.com
C
CEO Exchange
A growth strategists and organizational consultants working with CEOs and their executive teams to reach the next level of growth.
www.ceoexchange.com
E
Eamon Enterprises
Consulting group composed of business and office technology professionals that implement solutions needed to grow and compete in the global marketplace.
www.emanonenterprises.com
F
Family Business Strategies
Provider of services designed to bridge the gap between traditional brick and mortar companies and new Internet strategies and e-commerce-enabling technologies.
www.familybusinessstrategies.com
G
Business Growth
Provides resources for entrepreneurs and leaders of fast growing enterprises offering practical information, insights and advice.
www.growthbusiness.co.uk
P
Devising Venture Strategies
Checklists for assessing strengths, weaknesses, opportunities and threats (SWOT) and devises growth strategy options.
www.planware.org
T
TBSI Consulting
Provider of strategic and operational analysis and planning services to emerging businesses.
www.tbsiconsulting.com
Management eCoaching
Proven Measurable Results Live/Web integrated sessions
www.transcende.net
Management Development
Apply Online for Any of 8 Campuses Local to LA, San Diego, Palm Sprgs
www.Redlands.edu/SchoolOfBusiness
Leadership & Management
Turning Management and Leadership Goals into Reality for 30 Years.
www.Novations.com

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Guide to Writing a Business-Growth Plan

Facilitate and speed expansion with a clear roadmap


Writing a growth plan is very similar to writing a business plan. However, a growth plan focuses specifically on expansion and how you're going to achieve it. Creating a useful plan takes time, but the effort can pay off substantially by keeping your growth efforts on track. A growth plan includes:
  1. A description of expansion opportunities.
  2. Financial goals broken down quarterly and yearly.
  3. A marketing plan of how you will achieve growth.
  4. A financial plan to determine what capital is accessible during growth.
  5. A breakdown of your company's staffing needs and responsibilities.


Action Steps

The best contacts and resources to help you get it done

Think ahead The future is always unpredictable, but if you study your target market, your competition and the past growth of your company, you can plan for future expansion.

I recommend:  Growth Advisors provides consulting strategies to help you forecast your growth plan. The Small Business Administration (SBA) features a comprehensive guide to writing a business plan for growth. View an online growth strategies workshop from the In Business Network.

Study other growth plans Before you start writing, review models from some successful companies.

I recommend:  BPlans.com provides samples of business plans in a variety of industries. The Business Plan Archive is a library of successful plans from well-known businesses in the past decade. Look specifically at how these plans detail growth objectives.

Discover opportunities for growth With some homework, you can determine if your expansion opportunities lie in creating new products, adding more services, targeting a new market, opening new locations or going global, among others. Once you've identified your best options for growth, include them in your plan.

I recommend:  If you feel like you've hit the ceiling, consider a variety of ways to grow your business by Entrepreneur.com.

Evaluate your team Your plan should include an assessment of your employees and a look at staffing requirements to meet your growth objectives. By assessing your own skills and those of your employees, you can determine how much growth can be accomplished with your present team. In addition, you'll know when to start hiring additional people and what skill sets to look for in those new hires.

I recommend:  See if you have the skills necessary to manage growth at BusinessGrower.com.

Find the capital Include detailed information on how you will fund expansion.

I recommend:  Before you search for capital, find out how your business stands financially with a free assessment of your financial vital signs at The Kauffman Business EKG. Learn how to fund growth with internal capital and outside funding at Business.gov.

Get the word out Growing your business requires a targeted marketing effort. Be sure to outline how you will effectively market your business to encourage growth and how your marketing efforts will evolve as you grow.

I recommend:  Explore the many ways to market your business with advertising & marketing advice at Business.gov.

Ask for help Getting help from other business owners who have had success in growing a business can be the ultimate tool in writing your growth plan.

I recommend:  The Service Corps of Retired Executives (SCORE) will assign a mentor with expertise in your industry to help you write a business growth plan. The SBA also provides help with planning at its Small Business Development Centers.

Start writing Business plan software has streamlined the growth plan process. Most software programs are geared to business plans, but you can modify them to create a plan that focuses on growth.

I recommend:  PlanWrite, Plan Magic and Business Plan Pro provide templates for writing business and growth plans. Outlook Soft is a strategic planning tool to forecast growth.

Tips & Tactics

Helpful advice for making the most of this Guide
  • Review and revise your growth plan often.
  • Share your growth plan with key employees as a motivator. When employees see opportunity for increased responsibility and corresponding compensation, they're more likely to stay.
  • Your growth plan should also include an assessment of your operating systems and computer networks to determine if they can accommodate growth.
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Guide to Writing a Business-Growth Plan
Guide author
By Jenni Simcoe
Small Business
User Rating
9.0
out of 10
Facilitate and speed expansion with a clear roadmap.
Writing a growth plan is very similar to writing a business plan. However, a growth plan focuses specifically on expansion and how you're going to achieve it. Creating a useful plan takes time, but the effort can pay off substantially by keeping your growth efforts on track. A growth plan includes: A description of expansion opportunities. Financial goals broken down quarterly and yearly. A marketing plan of how you will achieve ... Read more
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