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Build ambitions into forward planning

How to change mindset around future planning.

Build growth ambitions for capital and operational expenditure into your future planning. Check whether your ambitions for growth require significant spending on new equipment, and ensure that they’ve been factored into your business plan by quantifying your assumptions. As this Harvard Business Review article notes, smaller business won’t need to think too much about large capital expenditure such as major plant or building upgrades, but you’ll still need to think about how your growth ambitions will impact on everyday spending such as travel costs, telephones and utilities, and office supplies.

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