Planning for Growth

Planning for Growth
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Table of contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
P1. Key considerations for evaluating growth opportunities within organizational context.......3
P2. Evaluate opportunities for growth by applying Ansoff’s growth vector matrix...................4
P3. Potential sources of funding available to businesses along with benefits and drawbacks....6
P4. Business plan including financial information and strategic objectives...............................7
P5. Exit or succession options for small business.......................................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
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INTRODUCTION
Planning for growth is important for the company or organization to analyze the important
aspects of growth and development on effective and efficient scale (Olmos and et.al., 2020).
The report will analyse the key considerations evaluated for growth opportunities for the
Bold Street Coffee. Along with this, Ansoff growth vector matrix will also be applied for
evaluating the opportunities. Potential sources of funding available to business will also be
analyzed along with its benefits and drawbacks. A business plan will be designed which will
include mission, vision, SWOT analysis, PEST, marketing mix, budget and evaluation for
growth including financial information and strategic objectives for scaling up of the business.
Further, exit or succession options for a small business will be analyzed along with the
drawbacks and benefits. Therefore, planning for growth will be analyzed for the Bold Street
Coffee which will include all important aspects in which process will be completed effectively
and efficiently.
MAIN BODY
P1. Key considerations for evaluating growth opportunities within organizational context
Business growth is very important aspect for knowing how the business is developing on
large scale and what are the factors on which the business is applied scalable and is measured
effectively and efficiently. It is very important that the business seeks growth on the verge of
changing its patterns and adopting new ways in which it delivers the significant purpose to the
organization which is Bold Street Coffee (Ghimire and et.al., 2020). While the business grows
and develops at a fast pace, there are various opportunities which can be seek through the market
and on that basis the main aim of Bold Street Coffee is also fulfilled which is in view of creating
the best and effective business growth on large scale. There are various key considerations for
evaluating growth opportunities within Bold Street Coffee and that is described as –
Expansion in New Market – Bold Street Coffee can expand its reach in the new market as this
will provide the business all the opportunities which the business requires along with the new
trends and changes which are to be done in knowing how the coffee business can flourish on vast
scales. Expansion of business in the new market will help in creating value of the brand and will
help in promoting the coffee business on expanded basis. The main aim of the business should be
taken into consideration that it provides the variety of options that are made available to the
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business. Expansion in the new market will help Bold Street Coffee to analyze and articulate the
business opportunities which constitutes the patterns and trends running in the market and are
followed by the other businesses as well. Expanding in the new market will help the business in
researching and analyzing best ways and techniques through which the business can evaluate
what the target customers are actually in need of. In depth market analysis will help in forming
the business know the opportunities in detail and through that Bold Street Coffee will be able to
analyze the basic growth opportunities available.
Collaboration with Other Companies – Bold Street Coffee for growth opportunities in the
market should collaborate with other companies so that they are able to analyze how the
companies are able to make and create the ways through which various opportunities can be
grabbed also, the main thing is that the Bold Street Coffee will be able to take the concern of
how the market and its trends are initiating towards the other companies to know the strengths
and opportunities which are made available to them on expanded scale (Kobarg and et.al., 2020).
When the Bold Street Coffee collaborates with the other coffee businesses than it will be able to
analyze the patterns and ways through which they are being followed are on the effective and
efficient basis. Also Bold Street Coffee will be able to evaluate what are the important aspects
which other businesses are following and through this the main aim of the business is also
fulfilled. Also collaboration with other companies will helps Bold Street Coffee to evaluate their
performance in the market and analyze how the other companies are up scaling their business
effectively and in significant manner. Thus, collaboration with other companies will help Bold
Street Coffee to progress in steps.
Providing New Products and Services – Bold Street Coffee should focus on providing new
products and services which will help in promoting the brand and its services to the customers on
large scale in the market. For evaluation of the growth opportunities, it becomes very important
to analyze and identify the patterns and systems which will helps the business in achieving great
success overall. The perspective of how Bold Street Coffee will grow its business will be seen on
the scale when the company will provide new services and products to customers so that the
needs and requirements of the customers are also fulfilled (Rosca and et.al., 2017). Along with
this, there can be changes which can be done for promoting and establishing the products and
services that are newly produced by the Bold Street Coffee. New products and services when are
produced for the providing the services and products in the market helps in knowing how Bold
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