Professional Growth Plan and Record Form
A Growth Plan enables you to plan and track the growth in your business revenue. It allows you to be more efficient in generating new revenues by focusing on the value that customers can see. It allows you to differentiate yourself from your competition. This Growth Plan must lead to action, without such action, you will not see much progress, so it is important to review your Growth Plan at least every month.
Growth Plan Version Date
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Month
-
Day
Year
Date
Business name
Managing Director
Coach/mentor name
Email
example@example.com
Cell Number
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Company Overview
Age of Business
Mission Statement
Vision Statement
Core Values
Summary & Notes
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Dashboard Update
Please fill out all the fields for the past three months. You have to update the dashboard every month. The field on the right is for what you achieved the past month, the one in the middle for what you achieved two months ago and the one on the left for what you achieved three months ago.
Type a question
November 2020
December 2020
January 2021
February 2021
Monthly Sales
Full-time staff (including self)
Part-time staff
Number of client complaints/returns
Followers (or other target for reach)
New clients (or other target for sales)
Which new clients/contracts have you secured during the past month?
Which potential opportunities are you currently working on?
What networking or collaboration did you take part in over the past month?
Summary & Notes
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Business Model
Describe what you need to focus on for each of the five key elements of your Business Model.
WHAT is the value you offer or the unique features of your product or service?
WHO are your ideal customers? And how do they know about you?
WHEN & WHERE are you selling, what price do you ask and how do your customers pay?
HOW do you organise yourself and your team to deliver quality on time? Who are your key suppliers?
WHY does the business exist & what is your driving passion/purpose?
Summary & Notes
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Company Analysis
The Analysis is based on the SWOT approach, looking at Strengths, Weaknesses, Opportunities & Threats.Identify five points for each. It is worth coming back to this analysis and to add more as you encounter new challenges and opportunities.
Strengths
Weaknesses:
Opportunities
Threats
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Compliance Assessment
Please fill out all the fields in on your status in terms of compliance & industry networking.
Company Type
Please Select
Pty (Ltd)
Closed Corporation
Trust
Sole Proprietorship
Partnership
Franchise
NPC
NPO
Registration Number
0000/123456/00
Income Tax Number
If not registered please state "Not Registered"
VAT Number
If not registered please state "Not Registered"
How many shareholders/ members do you have?
Do you have a shareholder/ member agreement in place?
Yes
No
Do you keep records as required by the access to information and protection of personal information laws?
Yes
No
Which other registrations have your business completed?
Does your business belong to any incubator or SMME programm?
Yes
No
If yes, please give name of incubator or SMME programm
Do you belong to any professional bodies or business networks?
Yes
No
If yes, please give name of professional bodies or business networks you belong to
Which regulations, standards or requirements do you need to comply with in your industry?
If none please state "NONE"
Are there areas in these regulations, standards or requirements you need to improve on?
Yes
No
Please share details on improvements to regulations, standards or requirements that need to be made
If none please state "NONE"
Do you have job descriptions for your staff?
Yes
No
Do you have employment contracts with all your staff?
Yes
No
Which registration or compliance requirements have you been postponing, but are in need of attention?
If none please state "NONE"
Summary & Notes
If none please state "NONE"
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Financial Situation
Please fill out all the fields to describe the way you manage your finances.
Do you have a seperate bank account for your business?
Yes
No
Which bank does your business bank with?
Please Select
ABSA
Capitec
FNB
Nedbank
Standard Bank
We do not have a bank account
Other
How ould you like to record your finances moving forward?
Please Select
Manual System (e.g Excel, Books)
Cloud Based Financial Management System (e.g Sage,Wave, Quickbooks)
Desktop Based Financial Management System
I am not sure
Are you using a budget or cashflow forecast to manage expenditure & review income?
Yes
No
Do you have payment terms with suppliers & have your reviewed suppliers recently?
Yes
No
Asset Register
What is the value of your stock?
If you sell products or anything tangible e.g R5000
What is the value of your time?
If you sell services or anything intangible e.g hourly rate or service/labour rate.
How is stock/time value calculated and how are stock /time decisions made?
What is the shoestring business breakeven monthly sales, just to be able to keep going?
e.g R5000
What financing needs are to be addressed, for how much, to be used for what and from where will it be sourced?
Net Profit (Yearly)
What are your projections for this financial year
Revenue (Sales)
Cost of Sales
Gross Profit Margin
Overheads
Profit/Loss
March 21
April 21
May 21
June 21
Jul 21
Aug 21
Sept 21
Oct 21
Nov 21
Dec 21
Jan 22
Feb 22
Total
Summary & Notes
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Your Unique Attributes
We are now focussing on you as an entrepreneur and not so much on the business. Please fill out all the fields to describe your own understanding of yourself.
How many years have you worked as owner/manager?
e.g 2 years
What are your unique or distinctive experiences & skills?
Which of your traits or characteristics are helping business success?
Which of your traits or characteristics are hindering business success?
What areas can you identify for your own self-development as entrepreneur &/or business owner?
Summary & Notes
Growth & Development
Now you may use what you noted above to identify five areas you wish to focus on to improve your business.
Areas of Growth
What are the areas you wish to focus on right now for growth or development of your business?
From the recent Group Coaching, or any other event over the past month.
What other areas for growth or development will you prioritise first?
based on your assessment in the Growth Plan of your business and yourself?
Action Planner
Summary & Notes
Submit
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