   |
| Do You Have a Growth Plan?
...
The following is a checklist to help guide you to the next step in the entrepreneurial process. Although this is not a comprehensive list, consider the following criteria when developing a plan for your business growth. |
 | You possess the management skills necessary to handle the growth of your business |
 | You have assessed your financial performance and have a strong record-keeping system for future growth to be built on |
 | You understand that growth means changing your business approach, investing in new technology, more or less employees, less centralized control, and likely the need for more money |
 | You have developed a growth plan that includes realistic growth targets |
 | Your growth strategy reflects your resources, the market, the economy, your competitors, and your customer needs |
 | Essential parts of your business plan such as marketing have been revised to reflect the marketing approach for your growth strategy |
 | You have assessed the risk of your new venture and have developed a strategy to deal with all scenarios, including the worst case |
 | You have researched the current and future trends in your chosen industry |
| If you meet the criteria on this checklist then you have developed a growth that will guide you to the next business step, whether it is expansion or succession. With a growth plan in place you can now starting thinking about Accessing Capital. |
 | | |
| | |
Phone the Ag-Info Centre, toll-free in Alberta at 310-FARM (3276), for assistance. |
This document is produced in cooperation with
 |