Planning for Growth.

Planning for Growth

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
P1 Key consideration for evaluating growth opportunities in the context of organization. .......3
P2 Opportunities of growth with the help of Ansoff's growth vector matrix..............................5
TASK 2............................................................................................................................................7
P3 Potential sources of funding available for a business.............................................................7
TASK 3............................................................................................................................................9
P4 Business plan with strategic objectives to scale up a business...............................................9
TASK 4..........................................................................................................................................13
P5 Exit or succession options for a small business....................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
Appendices.....................................................................................................................................16

INTRODUCTION
It is necessary for businesses to make sure that they are successfully planning their moves
in order to deal with the changing external environment. Globalization and a number of
companies turning their faces to international market have made it essential for small and
medium enterprises to look for various opportunities present for hem to grow and establish (Jain,
2020). New Car Deals is a small and medium enterprise which is a family businesses bringing
good offers for their customers in cars. They are based in Horbury. Business is successfully
dealing with all the customers in a friendly manner. A brief analysis of various frameworks and
concepts is successfully discussed in this report. Various ways in which New Car Deals can
expand their business adopting new strategies is mentioned. Along with it a business plan
including sources of fund, investors, objectives etc. is also drafted. At the end of report various
exit and succession strategies that can be adopted by New Car Deals are mentioned along with
their benefits and drawbacks.
TASK 1
P1 Key consideration for evaluating growth opportunities in the context of organization.
In present context, there are various kind of opportunities are available at marketplace in
order to analysis those opportunities and accordingly plan for future. New Car Deals considered
Pestle model which helps to evaluates such factors political, legal, environment and
technological so organization successfully analysis these factors because affect business model.
Here, these factors evaluation by company so mentioned below.
Political factors-: It play important role because that they all are included those factors which
related to consititution and politics so accordingly businesses followed a strict rule, regulations
and guidelines. Political condition of United Kingdom is strong and stable so they provides
different kind of opportunites to the organisation (DÍAZ, 2016). Goverment planned for
businesses due to smooth running of business operations so easily lanuched products in market
and also take step for those who want to set up business so providing funding for companies. It
provides reliabily in interest rates and decreasing taxes which necessary for New Car Deals. It
includes innovatie plan which start for small enterprises so take innitiative for run small start-up

because goverment plan scemes and stability in economy. People motivated and take initiative to
start small enterprise and earn adequate profits.
Economic factors-: Economics factors refers to those which are affects profitability nad
productivity of company. It major factor such as profit which are influencing of businesses
operation and also described as blood of the company. The economy of United Kingdom is
strong and stable so goverment accordinly planned various schemes in order to growth and
expansion of business. New Car Deals has lot of opportunities because goverments promotes
small sscale enterprises and motivated toward the plan and scehmes so organisation must take
benfits which help in growth and enhancing profitability of company. Disposable income
consedered as necessary and important factor which affecting economy due to goverment also
focused and in effectively take measures which mandatory to foolowed organisation (Jentoft,
2017).
Social factors: Social factors includes religious,beliefs attitudes and tradition so it affects
the market where business performed their functions. It involves community and perception of
individuals so also affects policy of businesses. Now days scenerios is totaly change in order to
people are more like luxurious lifestyle, fashionable and trendy. In context of organisation, it is
essential to understand lifestyle of customers accordingly lanuched products and services.
Businesses considered as market research so easily know about the taste and preferences of
customer. In present context, market change drastically due to day by day changes in products
services and technology at marketplace. Organisation understand the needs and wants in order to
social changes and deliver good deals of luxurious cars for its customers. New car deals provides
electric cars because trends are changes and accordingly business enviorment affect and
developing friendly nature.
Technological factors: Today's enviorment change very fast accordingy rapidly changes in
technology. Business model adapting process in order to manufacturing of products so
accordingly choosen advanced technology (Martins, 2018). In relevance of organisation, conduct
a market research and identify taste, preference and technology which are chnnges very fast so
implementing and provide innovative products and services to customers.This is a benefit for
company as it will help them to enhance their services satisfying customers and stand in
competitive environment.