Planning for Growth.

Planning for Growth

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P1. Key considerations for measuring growth opportunities in context with an organisation.. .4
P2. Justify the opportunities got growth by Ansoff's growth vector matrix...............................6
TASK 2............................................................................................................................................8
P3. Potential sources of funding available to business by discussing drawbacks and benefits of
each sources................................................................................................................................8
TASK 3............................................................................................................................................9
P4. Business plan for growth......................................................................................................9
TASK 4..........................................................................................................................................12
P5. Succession and exit options for a small business by identifying benefits and drawbacks. 12
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Planning for growth refers to the strategic business activity in which business owners are
able to make unique plan as well as different strategies in order to increase sales and revenue
growth of business in an appropriate manner. It is very helpful for firms to achieve competitive
advantages and opportunities within the marketplace. Therefore, planning for growth is much
essential to gain business values at various levels of business to achieve organisational goals.
Along with this, planning is one of the essential part of a business which helps them to grow and
make effective guidelines to get better success in future. Present report is based on SME's which
involves medium and small businesses (ZHANG, ZHAO and CHEN, 2013). Along with this
report is based on MILTON SANDFORD WINES, which deals with variety of wines in various
hotels and restaurants. Furthermore, discussions will be based on key consideration SME's
should cover to evaluate growth opportunities. After this there are various methods by which
organisation access funding and uses various types of funding. At last, business plan with
financials activities and different ways a small business owner that can be exit on implications
and business from different options will get covered.
TASK 1
P1. Key considerations for measuring growth opportunities in context with an organisation.
Planning is most important functions which plays vital role within the context of an
organisation. It helps them to implements on new ideas and thoughts in order to gain better
outcomes and results in a proper way. Therefore, it is essential for Milton Sandford Wines, to
have major focus on various unique and attractive plan in order to achieve huge success with
proper growth in a proper way. In order gain profitable success respective have been used
various aspects, those are explained below:
Porter's generic strategy:
There are four strategies which comes under this model for organisations in order to
achieve competitive advantages and goals (Wey, 2015). These sorts of strategies are much
helpful to increase overall profits towards Milton Sandford Wines, which are discussed below:
Cost leadership: According to this method, most of the firms are focusing to cover large
number of market by having various sorts of goods and services with lower price. Therefore, this
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