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Business Plans
Writing: 3 Year Business Growth Plan
How Can You Leverage Your 3 Year Business Plan?
A well-written 3 year business growth plan can be the difference between success and failure in the calendar year. How you preparing your business as we get ready to start a new year? You need to take a step back and identify the goals, objectives, and strategies necessary to achieve your business goals. Think in a reasonable way so your goals can be reached in a reasonable amount of time. Now, how do you actually go about writing a 3 year business growth plan? Let’s break it down.
Identify Your Goals & Objectives
The first step in writing your 3 year business growth plan is to identify your goals and objectives. This includes setting realistic targets for your sales, net income, earnings before interest, taxes, depreciation, and amortization (EBITDA).
The number of new customers in your market place. Think about what products or services will assist you in reaching your bottom line of revenue. Establish sales closing ratios as well. By setting realistic yet ambitious targets, you will give yourself something to strive toward over the next three years.
