Planning For Growth

Planning For Growth

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Key considerations for evaluating growth opportunities.......................................................1
P2 Apply Ansoff's growth vector matrix for opportunities evaluation.......................................3
TASK 2............................................................................................................................................5
P3 Assess potential sources of funding available to business.....................................................5
TASK 3............................................................................................................................................6
P4 Design business plan for growth and scaling up a business..................................................6
TASK 4............................................................................................................................................8
P5 Assess exit or succession options for small business.............................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Planning for growth is essential aspect for small and medium-sized firms to develop and
expand to enhance position and reputation in market. For this, entrepreneur require to use
resources efficiently and formulate appropriate strategies to execute operations effectively.
Market research is appropriate activity conducted by individual to have accurate and complete
information about various ideas and utilising business opportunities. Small firms primary goal is
to improve functional areas to accomplish objectives and construct brand value in marketplace
(Valler, Phelps and Wood, 2012). Along this, changes in technologies is made by head personnel
to build things different from rival firms. Present report is based on Camcolr which is small scale
enterprise established in UK. This company provides digital camera and is aiming to grow
market share. . This assignment specifies key consideration and Ansoffs-matrix used by
entrepreneur to examine growth opportunities. Apart from this, different funding sources
analyses and business plan constructed by superior to accomplish objectives timely.
TASK 1
P1 Key considerations for evaluating growth opportunities
Business growth is essential component for each organisation to sustain its position in
marketplace and expand with time. For this, management require support and joint efforts of
subordinates to conduct operations effectively. They even need to provide duties and tasks to
members in respect to their abilities and skills, so that processes are executed in proficient
manner. In Camcolor, business growth is aspect which is consider by entrepreneur to enhance
working level and make adequate plan to attain targets within defined deadline. Competitive
analysis and porters five forces model are various tactics used by manager of small business to
gather additional information of the market. New concept and tactics are used by manager to
utilise resources and construct appropriate reputation and goodwill in market. Thus, these are
considerations used by firm to measure and accomplish high growth are stated beneath (Ziari and
et. al., 2012):
Incorporation of digitalisation in business: This aspect define that digital tools and
technologies are implemented in system to enhance number of operations and complete activities
within defined time. Small scale firm require proper utilisation of material and manpower, so that
funds are utilised efficiently. As, digital platform and techniques are expensive, so they are less
1