Planning for Growth

Planning for Growth

INTRODUCTION.....................................................................................................................................3
TASK 1.......................................................................................................................................................3
Identifying key consideration for growth options....................................................................................3
TASK 2.......................................................................................................................................................3
Different sources of funds and their implication to business...................................................................3
TASK 3.......................................................................................................................................................7
Creating business plan.............................................................................................................................7
TASK 4.......................................................................................................................................................7
Existing Strategy.....................................................................................................................................7
CONCLUSION........................................................................................................................................10
REFERNCES...........................................................................................................................................11

INTRODUCTION
Every business requires a productive and attractive planning which lead them to
accomplish their organization goal in an effective and efficient manner. In current scenario of
competitive marketplace, it has been viewed that small and medium size business plays a vital
role in the growth of country’s economy as it provide enormous platform for employment,
growth and innovation which enable firm to improve their overall performance. However, in
order to achieve the same, an attractive or challenging planning state is required which helps
them to expand their market share or size within prescribed time limit in a better way. For this
report, Southern Business Technology is considered which one of the leading company in
Telecommunication industry is and it is commenced in the year of 1965. It produces
communication system like telephone, mobile services superfast internet, SIP ad many more and
serves across UK. This study includes examining key element for evaluating company’s growth
opportunities as well as apply Ansoff Matrix to identify the potentiality of firm to enhance their
market share. Moreover, analyzing various sources of funds to acquiring the best positioning
among industry, develop a strategic plan and assess various ways in which small business owner
can exist or succession option is also mentioned here.
TASK 1
Identifying key consideration for growth options
TASK 2
Different sources of funds and their implication to business
One of the biggest challenges for entrepreur and small business owners is finding the funds
necessary to launch and eventually grow their business in an attractive way. However, financing
is needed to start a business and ramp it up to profitability as the financial need of company
varies according to the type and size of business and an organization cannot function without
containing enough amount of funds as well as to attain sustainable profitability ratio. According
to the current scenario of UK market, SMEs is rapidly growing and it plays a crucial role in an
enhancement of nation economy (Wu, 2015). Moreover, Southern Business Technology is one of
the boosting company among UK marketplace which requires a best sources of funding their

operation and also to obtain profit maximization within prescribed time limit without any
hindrances. Some of the various ways which Southern Business Technology can apply into their
business operation are discussed below:
Bank Loan: Under this, it is considered as one of the most common form of loan capital
for a business as it provides medium or long term finance. Along with this, bank will usually
require that the enterprise provide some security for loan, although in the case of startup or small
business often comes in the form of personal guarantee provided by entrepreneur. Moreover, it is
mainly good for financing investment in fixed assets such as plant and machinery, land and
building and also they charge at lower rate of interest that a bank overdraft. However, some of
the pros and cons of bank loan which impact company proficiency and that is explained below:
Benefits Drawbacks
 The primal advantage which bank loan
render is that its flexibility nature as it
permit lender to pay their borrowed
amount in installment which helps
them to escape from arising overdraft
issue.
 In terms of interest rate, bank loans
are usually the cheapest option verses
overdraft and credit cards which help
users to save their money effectively
and efficiently.
 The major disadvantage is that
irregular payments amount because if
a company get a bank loan with a
variable interest rate, it changes
cording to market condition which
makes them more difficult to
determine the exact amount of future
payments.
 It generate repayment burden as the
loan borrowers must make periodic
payments, if in case they got fails then
they face the prospect of having their
assets seized.
Crowd funding: It is the practice of funding a project or venture by raising small amounts
of money from a large number of people typically via the internet. Along with this, it makes use
of easy accessibility of vast networks of population through social media and crowd funding
websites to bring investors and entrepreur together. Furthermore, some of the advantages and
disadvantages which is given below: