Planning for Growth: Assessing Opportunities and Funding Sources

PLANNING FOR GROWTH

Table of Contents
INTRODUCTION.......................................................................................................................................3
LO1.............................................................................................................................................................3
P1 Assess growth opportunities and justify in organisation context........................................................3
P2 Evaluate opportunities for growth using Ansoff’s growth matrix.......................................................6
LO2.............................................................................................................................................................8
P3 Analyse sources of funding with their pros and cons in context of organization................................8
LO3...........................................................................................................................................................10
P4 Develops business plan involving financial information..................................................................10
LO4...........................................................................................................................................................12
P5 Analyse exit or succession option for small business with strength and weaknesses........................12
CONCLUSION.........................................................................................................................................14
REFERENCES..........................................................................................................................................15

INTRODUCTION
Plan is one of the best things to complete the objectives in a satisfaction level. It helps in
influencing the effective reflection on organisation so that appropriate results can be attained. In
this company can utilize their limited resources for do changes to gain higher revenues and
profits within competitive business market(Baschat, 2018). This project study is based on a
social enterprise that is Taylored Games Ltd. is a social or small enterprise in UK that is
established by husband and wife as a board games shop. This firm is specialized in all kinds of
board, card, tabletop and role-playing games that a children or person needed to play for
spending their leisure time. The main aim of opening this is to offer the customers a friendly
place where all kinds of games can be played by family and friends. This study includes the
growth opportunities by gaining competitive advantage and also evaluate ansoff’s matrix. It also
includes the ways of funding so that developing business plan would be effective. At last it
includes the exit and succession options that help in gaining profits.
LO1
P1 Assess growth opportunities and justify in organisation context
Growth opportunities is one of the major objectives for the business that need to be
evaluated by using porter’s generic model and pestle analysis so that best competitive strategy is
come out by analyzing the opportunities for development and growth. In terms of Taylored
games these two terms can be analyzed below:
Taylored games is one of the prominent firm that can offer the board games to thier customers
at every age group of people. This business enterprise is specialize in all kind of board, card,
tabletop etc, games which helps the customers to spend their leisure time in effective and
memorable way. The manager of the company can enhance their business for this they can focus
on some models and tools so that high profits can be gained with longer sustainability can be
achieved.
To implement the right opportunity within business, organisation can follow the
following terms that are:

Market research- In terms of Taylored games demand and market size play a vital role
because they can expand their business for gaining higher profits. Expansion of business
enterprise is only effective when the market size is good enough to focus on gaining high
profits(Bagheri and et. al., 2018).
Competitive advantage- For gaining the higher profits and revenues company can
expand their market. This also helps in gaining competitive advantage and for this Taylored
games can use the Porter’s generic strategy so that right strategy can helps in attaining the high
goals.
Resource availability- In case of Taylored games, manager can focus on resources so
that they can expand their operations and maximize the profits and revenues. In this they can hire
the experts so that task can be done in effective manner. In this they can also provide training to
their employees so that they effectively attracts large base of customers.
Porter’s generic model
It is a tactical device that is used to grow the cutthroat advantage within marketplace. In
case of Tayloerd Games focusing on this helps in sustaining for longer time by beating the rival
firms. it can be shown below:
 Cost leadership- This aspect reflects that the organisation can sale their products and
services at low cost for attracting large customers within a short period of time. In terms
of Taylored Games, adopting this strategy helps the firm to maximize their sales and earn
high profits. In this they attracts large customer base that are family and friends who
enjoy their time by playing games for utilizing their free time as a quality time(Egidi and
et. al., 2020).
 Differentiation- In this strategy firm will focus on doing innovation in their products so
that they can beat the rival firms in market. In Taylored Games, if they do differentiation
in their games that can helps in attracting more new customers and this helps in earning
higher profits.
 Cost Focus- In this strategy company can focus on minimizing the cost as per the
competitor’s basis so that they can again the customer’s attentions on high extent. This
helps in earning higher profits in a small period of time. IN Taylored games they can