Just what every aspiring entrepreneur and business owner needs – a practical toolkit of tried and tested tools and models designed to grow a business. The Business Growth Toolkit is just one of the new resources being developed by its Erasmus+ European partners.
Even before the pandemic, setting up and growing a business was challenging. Developing and then implementing a growth-oriented plan is exactly what several of Exponential’s new 2021 business support programmes offer.
E-Growth is about training aspiring and current entrepreneurs and business owners in how to plan and grow an enterprise. The programme is based on a business simulation called Prosper. Prosper is a business simulation where users assume the role of the business owner and then implements their business plan by making lots of key decisions. Based on their decisions determines the sales revenue, profitability, and the performance of the business.
Alongside the simulation is the Business Growth Toolkit. The Toolkit is designed to be used whilst running the simulation, but also to analyse and to help draft a new business growth plan for real enterprises.
The Toolkit includes over thirty practical tools for analysing a business, its market and financial performance. The Toolkit include a range of different tools exploring:
- Customer Value Propositions
- Financial Ratio and Productivity Analysis
- Marketing Plans
- Social Media Scheduling
- Key Account Management
- Budgeting and Forecasting
- Variance Analysis
- Creditor and Debtor Analysis
- Coaching Plans
- Performance Management.