Every successful business regularly reviews its business plan to ensure it continues to meet its needs and responds to variations in the market, the economy and customer base.
As your business grows, different problems and opportunities demand different solutions - what worked a year ago might not be the best approach now.
Creating a strategic plan is a key component of planning for growth. It will help prepare a realistic vision for the future of your business and in doing so can maximise your potential for growth.
Every business can improve its profitability. Sometimes a single factor can significantly increase profitability, but for most businesses increasing profitability means implementing a number of small improvements gradually.
Understanding how your business is currently performing is key to identifying potential areas for growth and can help you decide whether to grow your business.
You can expand your franchise business by increasing sales, targeting a different market sector or running a similar franchise in a different area.
Contact your local Business Gateway office.
Your local office will be able to answer your questions on this or any other business subject.
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