Planning for Growth: Business Plan and Exit Options for Small Businesses

Planning for Growth

Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................3
P1, P2 and P3 covered in Brochure........................................................................................3
P4. Design the business plan for growth that discuss how to apply and business objectives
successfully.............................................................................................................................3
P5 Assess exit or succession options for a small business explaining the benefits and
drawbacks of each option.......................................................................................................5
Conclusion.......................................................................................................................................6
REFERNCES:..................................................................................................................................7
Books and Journals:................................................................................................................7

Introduction
Planning is the process of managing and organising the resources, man power and all the
essential resources together in a time frame in order to achieve successful outcomes. Planning for
growth is the essential for the developed and developing organisation in order to set the
strategies and direction to achieve organisational goals and objectives (Rahman and et. al.,
2018). The present report on planning for growth is the study of Marshfield bakery a leading and
established bakery located at Chippenham, United Kingdom. The report will discuss key
considerations of SMEs when planning for growth opportunities. Further sources of funding and
business plan and strategic objectives are discussed. At last, exit and succession options for small
business is stated with benefits and drawbacks.
Main Body
P1, P2 and P3 covered in Brochure
P4. Design the business plan for growth that discuss how to apply and business objectives
successfully
Executive summary
The business plan is the overall mapping of the new growth of business of the Marshfield Bakery
which help in proper execution of resources at right time and at right place. For this the
company's mission and vision are aligned with new business objectives and swot analysis is
conducted. The business plan also consist of the budget and financial breakdown.
Business Overview
The Marshfield Bakery limited is the small business organisation based in United Kingdom. The
company is the part of Bakeries and Tortilla manufacturing industry and was established in 1989.
the company has 82 employees with annual revenues generation of $6.59 millions in sales. The
company manufactures and distributes and sell handmade bakery products which are high in
quality. The products include cakes, snack bars, cookies, cupcakes, bread and other seasoning.
Mission and Vision
The mission of the Marshfield Bakery is to stablish as the global organisation with new
innovative products and to use the innovative cooking technique to create differentiation. The
vision statement of the company is to became the unique and customized bakery and to be the
most committed team (Rudolf, Kienast and Hersperger, 2018).