Oktra and Pellings are both growing companies, albeit at different speeds and through different means. They have one thing in common, though: a simple, well-defined business plan for the future. We often hear about major contractors' ambitious growth plans -but SMEs should also consider both long- and short-term plans. This is particularly true in construction, which had the highest number of liquidations of any sector in 2013, showing that companies are especially vulnerable. This need not be the case, though. Sitting down and developing a strategy could mean the difference between a thriving company and a struggling one.
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