Business planning for expansion refers to the study of the business growth strategy which includes increasing the physical presence (i.e. the number of stores) and product development wherever required.
Business Planning is the first step towards a successful enterprise. Business Planning includes deciding what products or services you would like to offer, the place where you would like to start the business, analysing competition, estimating demand and creating the financial model.
Funding institutions are an important source of funding to start or expand a business. Borrowings required can be in the form of cash credit for working capital or term loans for purchasing fixed assets.Funding institutions require information in a particular format to process business loan applications. This checklist is helpful as it consolidates the requirements of the funding institutions.