Planning for Growth: Evaluation of Opportunities, Funding Sources, and Business Plan

Planning for growth

Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1. Evaluation of growth opportunities and justification of them...............................................1
P2. Evaluate the opportunities for growth applying Ansoff’s growth vector matrix..................3
TASK 2............................................................................................................................................4
P3. The potential source of funding available to business...........................................................4
TASK 3............................................................................................................................................5
P4. Design a business plan for growth that includes financial information and strategic
objectives.....................................................................................................................................5
TASK 4............................................................................................................................................7
P5. Assess exit and succession options for a small business.......................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................8

INTRODUCTION
In present time, it is much hard for a company to provide satisfaction to needs and demands
of consumers and build an effective market position and earn competitive edge to make
development in the business. Growth and progress is an essential aspect and it is a strategic
business action that assists businessperson to formulate plan and track organic development in
their enterprise. It offers permission to business to allocate their limited assets regarding a
centred effectiveness to accept the modification that are generated in particular business industry
(Biddle and Taylor, 2018). This written document is supported to Oak Cash and Carry Ltd which
is a grocery wholesaler organisation. This company was incorporated in 2011 and is
headquartered in Banbury, UK. There are 58 workers that are employing by the firm and they
make contribution in running its business properly. This report will discuss about the key
consideration for growth options, different sources of funds and their implications to the
business. Moreover, a business plan and several exit and succession options for business will
also explain.
TASK 1
P1. Evaluation of growth opportunities and justification of them
Growth is an essential factor for a business which is beneficial for to attain the degree of
success in form of maximising profit margins and productivity. The main advantage of
implementing growth strategy in the business is suffer in the rivalry market till long time
duration and earning competitive benefits. In Oak Cash & Carry Ltd, there are different types of
challenge and competitive problems that affect the business of this retail venture. The
administrator of this company can utilised Quantum technology and determine the influence that
is generated by extrinsic components. For this, the company can use PESTEL analysis
framework and the description of it in context of respective firm is as under:
Political- This component consider government interventions, political stability or
instability, government rules, regulations, laws and legislations as well as policies. In Oak Cash
& Carry Ltd, different kind of change occurred in government rules due to Brexit which affect
the decision making of company (Park and LaFrombois, 2019). With the purpose of get over this
impact, the administration makes changes in their existing plan of action. So that they can
develop an effective workplace that can be beneficial for accomplishing more profit main
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business. In UK, Oak Cash & Carry Ltd can get benefits from unfluctuating nature of UK
national authority which help the to make melioration in its whole presentation and magnify its
market share in effective form.
Economical- This aspect consist financial policy, inflation or deflation, interest rate and
others which influence the competency of company. In Oak Cash & Carry Ltd, due to recession
condition in the country, the venture was devising development and changes in its all functional
regions. So that they can get over the impact of recession which influence the profitability and
productivity of the firm (Leick and Lang, 2018). To reduce this negative impact of recession, the
administration can make modifications in its pricing strategies as this will assist in improving
customer base and productivity.
Social- This factor includes needs demands, taste & preferences and demographic factors,
market trends etc. In current time there are several kind of changes occurred in consumer’s needs
and desires that affect the sales and profitability of Oak Cash & Carry Ltd. So to deal with this
kind of complexity, the administration can form innovation and creation in its products and
consumer’s needs. This will help in fulfilling customer’s needs and maximising sales and profit
margins of organisation.
Technological- In current era, there are several kind of technological innovation take place.
There are several types of technologies such as advance technology, artificial intelligence and
many more that are crucial to make development in business. In respective venture, the
administration can implement advance technology in term of promoting goods and services by
using social media, web advertisement etc. It will help in increasing customer base and
profitability of firm.
Environmental- This component consist that elements which are associated to environment
and influence the business of venture. It includes environment act, pollution act, carbon emission
and footprints, waste and recycling activities etc. In UK, there are different stick actions are
taken by the national authority as per the environment act 1995, in order to protect atmosphere
(Deng, Fu and Sun, 2018). So by following all these laws, Oak Cash & Carry Ltd can get
attraction of number of people and improve its business activities.
Legal- It considers diverse types of laws and legislation that are framed by national
authority for effective running of organisations. It includes employment law, health and safety
act, consumer protection act and many more. In retail sector, there are different kind of
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