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Learn the basics of growth planning
Become a smarter, more strategic business owner with this simple but powerful 4-step process.
Or accelerate your business growth with LivePlan
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Why use growth planning?
Simplifies planning
Skip the lengthy and overly detailed business plans. Instead start with a simple, flexible, and powerful one-page plan.
Consistent process
Make growth planning a consistent habit for your business and easily identify ways to improve with just 1-2 hours a month.
Refined by business experts
This is the same process used by the experts at LivePlan which has led to business growth and stability for over 25 years.
Built for results
Businesses who adopt growth planning principles tend to grow 30% faster and are 40% more likely to reach their goals.
Growth planning is a system to help you continuously plan, forecast, review, and refine your financial strategy to better manage your business. It’s an active and data-driven process for making informed and confident decisions.
In this ebook you’ll learn how to:
Build a flexible one-page plan Create accurate and insightful financial forecasts Evaluate your performance and identify growth opportunities Pivot your business to focus on growth
What is growth planning?
Growth planning is an ongoing business planning process that helps keep you focused, grow faster and adjust quickly to change. It prepares you to build a better business, not just a single business plan document.
It all starts with a simple, one-page business plan—which you can download and create with this completely free template.
From there, you can use growth planning to clarify ideas, set solid strategic goals, track financial performance, and refine your strategy as you learn more about your customers and their needs.
Here’s a quick overview of the four-step growth planning process:
Create a plan: Quickly size up the potential of your idea, validate that it can be a real business, and set goals to make it work. Build your forecast: Develop an expense budget and financial projections to better understand where your business is now and where it is headed. Review the results: Compare your forecast against your actual sales and expenses each month to stay accountable and uncover new ideas. Refine your strategy: Adjust your business plan and forecast based on your learnings.
What are the benefits of growth planning?
By incorporating Growth Planning into your ongoing management processes you will gain:
Confidence in the ongoing financial viability of your business Clarity to target areas of your business for improvement Consistency when engaging stakeholders as your business grows and your strategy evolves
Frequently asked questions
Growth planning is more flexible and continuous, focusing on real-time adjustments and faster execution, while traditional planning involves creating static, long-term plans that may quickly become outdated.
Growth planning requires a one-page business plan, financial forecasting (sales, expenses, and cash flow), regular performance reviews, and strategy refinement based on real-world results.
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