Key Considerations for Achieving Growth Opportunities in SME Companies

Planning for
Growth

Table of Contents
INTRODUCTION...........................................................................................................................3
LO1..................................................................................................................................................3
P1-key consideration to achieve growth opportunities................................................................3
P2-Apply Ansoff Matrix and Vector Matrix...............................................................................4
M1- Growth options for SME companies....................................................................................5
D1- Growth pathways for companies..........................................................................................6
LO2..................................................................................................................................................6
P 3 Sources of funding’s available to business with their benefits as well as drawbacks...........6
M 2 Justification for adaptation of appropriate source of funding..............................................9
D 2 Justification of adaptation of particular source based on organizational needs....................9
LO3..................................................................................................................................................9
P4- Business plaining for growth with financial information and strategic objectives...............9
M3- develop business plan to secure investment.......................................................................11
D3- Business plan to demonstrate understanding and knowledge.............................................11
LO4 ...............................................................................................................................................11
P5) Assess exit strategies or succession option for small business ..........................................11
M4) Evaluate the exit and succession options ..........................................................................13
D4) Provide critical evaluation of exit or succession options ...................................................13
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15

INTRODUCTION
Business cannot create value without growth in the market, but this cannot happen
automatically (Abor., 2017). Company has to make proper planning and strategies to achieve
their business objectives. There are some strategies for growth such as business expansion on the
global level, development of product etc.
This report will take Brexit,FTI consulting firm for the case study. They are providing
services to SME companies in UK. This report will analyse the key consideration small size
companies should consider when they evaluate growth opportunities in their business, so they
can achieve success in their business. Report will apply Ansoff Matrix and Vector Matrix to
achieve growth opportunities. It will also include methods to access funding so company make
their financial resources strong. Report will provide sources which can help this company to
arrange funds for growth strategies and implement in their business. This report will develop
business plan for Brexit consultant firm, so they can have proper planning and strategies to grow
their business positively. In the end of this report will provide business exit strategies for
companies which is needed for exit from business.
LO1
P1-key consideration to achieve growth opportunities.
There are some key consideration which can help SME companies to achieve growth
opportunities to be success in their business (Ballaro and Polk., 2017). Here are some growth
strategies which can help them gain those opportunities, and they can increase their growth on
the national scale.
Product development
Development in the product is necessary for companies to take competitive advantages.
Competition is increasing day by day, so companies should develop their products and provide
customers quality products.
Innovation
Changes in the company should be implemented with the time to gain growth
opportunities in the market. Companies can bring new technology in their workplace for the
innovation.
Skilful employees

Employees always matter in the success of any firm because they run all activities in the
firm and make business success (Birkin, Clarke and Clarke., 2017). It is important for SME
companies to bring employees who have knowledge and skills to work in the company. They
should provide job to the right people who have necessary skills which is required for particular
job. Companies can also implement some strategies such as training and development of
employees, so they can keep motivate employees. Employees also create new opportunities for
companies, so they should focus on their workforce.
Technology
Technology play important role in every organization so SME companies should follow
new technology trends in the market, so they can create growth opportunities for their business.
SME companies can lay the groundwork for the business progress. Upcoming future will require
companies to create a proper and deep insight which goes behind their current base. Key partners
for the consideration include most of the progressive companies like Amazon but there are some
other sides which offer opportunities for the small companies to join their business with them.
Part of value chain management
SME companies should make their proper value chain, and they should create a good
relationship with their suppliers, so they can add some values in their product and satisfy their
customers (Bridge and Dodds., 2018). Business can be successful if they can offer affordable
price to the customers, then it will help them to fulfil their needs and demands by using products.
Companies should make good relation to provide affordable price to their customers and it will
help them to achieve high growth in the market, and they can take competitive advantages.
Market expansion
With the increment in the product demand market create opportunities for the business to
gain competitive advantages. It is important for SMEs firm to keep analyse through different
marketing tools, so they can achieve growth opportunities. Tools will help them to know that
what are their strength, weakness and opportunities, so they can expand their business properly
and successfully.
P2-Apply Ansoff Matrix and Vector Matrix
Ansoff Matrix
Market Penetration