HOW IS MONEY MART GOING TO EXPAND
?

Marketing
Analysis(Noah,2017)

Production plan(Ben,2017)

Financial projection(Megan,2020

Raw material requirements

Labor requirements(Parson,2019)

Hiring an expert to help draft an estimated budget needed for all expansion costs (Gagnon,2011)

Comparing labor requirements and expectations

Checking and comparing Economic stability in each of the countries(to Avoid losses like happened in Zimbabwe because of inflation).
( Randall,1994)

Determining expected market size in each of the countries(Mathew,2010)

Conducting research on working conditions in each of the workers in the country

Set achievable long term goals

Improving their products and services by making them customized ( Rajagopal, 2011)

Join industry cooperatives to enjoy advertising benefits Rajagopal,2010)

Sourcing capital from donors, if the available is not enough

Practical knowledge in the business environment in the countries and industry requirements

Settling reliable sources of materials needed eg. solar panels and funds

Competitive analysis(White, 2021)

Doing research about available competitors' services and come up with competitive ideas

Know the number of personnel the firm will need, it's very important to recruit citizens of the desired country for a good image and understanding of operations

Customer ratings of each competitor

Description of business' target market

Comparing the competitor's pricing and marketing strategies

Staying focused on observing exchange rates

Consider expanding through internet (Bryant, 2021)

Calculate costs and determine the break even point (Milano, 2021)

Getting some knowledge on the policies in the desired countries ie. legal requirements

Training of new staff on the use of materials and operations (Bryant, 2021)