Planning for Growth: Key Considerations, Funding Sources, and Business Strategies

Planning for growth

Table of Contents
INTRODUCTION...........................................................................................................................2
TASK 1 ...........................................................................................................................................3
P1 Analyse the key consideration for evaluating growth opportunities and justify in
organisational context.................................................................................................................3
TASK 2............................................................................................................................................7
P3 Assess the potential source of funding present for the business............................................7
M2 Identify the potential source of funding and provide justification.......................................9
D2 Critically identify sources and argue for the particular source.............................................9
TASK 3 ...........................................................................................................................................9
P4 Design a business plan that include financial information and strategies objectives............9
TASK 4 .........................................................................................................................................11
P5 Discuss assessment of the different exist or succession alternative for business................11
M4 Evaluate exit and succession plan......................................................................................12
D4 Provide critical evaluation of exit and succession plan ......................................................13
CONCLUSION..............................................................................................................................13
REFERENCES................................................................................................................................1

INTRODUCTION
Planning is the fundamental function which include suitable decision regarding what to
be done, how it should be done, when it should be done and who is going to do it. It plays an
important role for the success and growth of business as it is a strategic business action which
enables the businesses to plan and track the growth of their revenues. It is a business activity in
which management of company develop suitable plans for the growth(Biddle and Taylor, 2018) .
With the changing conditions in UK regarding Brexit, small businesses are influenced in positive
and negative manner. It defines the suitable use of available resources for the small
organisations. In this report, Deloitte is considered which is a multinational professional services
network and it has big four accounting organisations and headquarters in London, UK. In
addition to this, it describe the key considerations for the growth opportunities of company and
also describe various sources of funds which are useful for company. Moreover, a business plan
is prepared for the growth of company and lastly exit plan is described for small businesses.
TASK 1
P1 Analyse the key consideration for evaluating growth opportunities and justify in
organisational context
PESTEL ANALYSIS
It is that framework which is used by the business to analyse external environment(macro
environment) of firm in which organization works. This analysis provide information about
political, economical, social, technical, environmental and legal factors(Lombard, and et. al.,
2019). This tool is used in formation of business strategies for growth and long run of
organisation. It analyse the negative and positive impact of above mentioned factors on firm
policy and procedures and how firm can overcome on those impacts. It is a crucial model of
analysis external environment which is suggested by Deloitte for SMEs of UK .
Political

political factors are those factors which are related to government polices of the nation
where organisation doing its business . According to Deloitte observation BREXIT is main
political factor for SMEs of UK . It have both positive as well as negative impact on SMEs.
Positive impact : Positive impact of this political blunder is there will be an open market
for SMEs in Britain with some relief in taxation polices because Boris Johnson's government
will focus on strengthening economy.
Negative impact : Negative impact of BREXIT is open market will attract more MNCs
which can cause damage to SMEs . According to Deloitte advise the SMEs should focus on
increasing quality, better branding of their product, and attracting new customer with managing
old ones which will ultimately help them is surviving in open market.
Economic
economic factors incudes the those which is related to economic condition of nation
where the business is situated. This includes the inflation & interest rates in nation, business
cycle in economy, stock market performance, etc. after analysis of economic factors of SMEs of
UK, Deloitte found
positive impact: economic factor like inflation rate made positive impact on SMEs as
inflation in UK high in recent years which helps SMEs in to not spent their profit on making
contingency reserves for inflation. This also increase there net profit.
Negative impact: These factors have also impacted negatively on SMEs as factor like
reassertion in economy leads in huge loss of market which impacted adversely on SMEs as they
are not getting customers because of decline in demand (Agyemang and Silva, 2019). It is
advised by Deloitte that reassertion is a part of business cycle and business have no control over
it but firm can defend itself from it by making uncertainty reserves .
Social
Impact of society on business is known as social factor. This includes the culture, age
distribution, population density, buying habit and eduction level of society which is around
business. According to Deloitte this environment have both positive & negative impact on
business
positive impact : the leaving standers of UK people is vary high because of this they prefer
advanced quality products that provides the opportunity to SMEs for introducing new product
with best quality with better profit margin.