6 Growth and Development

My aim for growth and development is to expand my business and set up new businesses in the near future. With this I will be entering a new market with a more diverse culture which means that it will increase the variety of customers I attract. With the financial state my business is currently in at the moment, I am capable that this new idea of mine to expand and enter a new market for the first time will be a success.

This will enable my business to gain experience in going into different fields and also see if my marketing methods can come into effect when communicating with my target audience. With the growth and development in my business, It can lead to me inventing new ideas for my buiness venture and also my methods will lead me to making a big net profit and I can use these finances effectively for the sake of my business.



Financial Statistics:

1st year = £76,720
2nd year = £76,270 + £10,000 = £86,270
3rd year = £86,270 + £5,000 = £91,270

Total = £91,270