Unit 42 – Planning for Growth

Unit-42 Planning for
Growth

Table of Contents
Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
P1 Analyse various key considerations for analysing growth opportunities as well as
justify them................................................................................................................................1
P2 Evaluation of opportunities for growth through Ansoff’s growth matrix.....................4
M1 Discussion for options which are available for having range of growth by analytical
frameworks for understanding of competitive advantage....................................................6
TASK 2............................................................................................................................................6
P3 Assessment of potential sources of funds which are present to businesses along with
its advantages and disadvantages............................................................................................6
M2 Evaluation of capable sources of funding along with justification for adaption of
proper source.............................................................................................................................8
TASK 3............................................................................................................................................9
P4 Business plan for growth that involves financial information along with strategic
goals for carrying business.......................................................................................................9
M3 Detailed business plan for growth as well as having investments by setting out goals.
...................................................................................................................................................12
TASK 4..........................................................................................................................................12
P5 Identification of exit or succession plan for small business through its benefits and
drawbacks................................................................................................................................12
M4 Analysis of succession as well as exit plan for small business by comparing them
along with recommendations.................................................................................................14
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Planning is said to be a method that takes a positive impact of individual to achieve their
targets and goals in an effective manner. It is basically termed to security of future by performing
out specific operations as well as different working practices in present scenario. It is said to be a
prior thoughts of individuals that could be improved by carrying out success with development in
future time scale (Andrianov, Markov, Shmakov and Mozhaev, 2021). It also helps in benefiting
determining as well as analysing impacts of several strategies that could be applied in companies
for achieving their success through growth. This report is based on planning for growth of a
small business which is a coffee shop bold Street coffee shop based in London and wants to
expand their business practices in various cities also with Australia through their food and
beverages products. This report includes evaluation of different considerations for measuring
growth opportunities, different growth opportunities that are to be examined by ansoff matrix,
capable sources which are required for funding with their benefits and drawbacks, business plan
for having growth through financial information as well as objectives, exit and succession plan
options for running a small business true advantage and disadvantage along with its conclusion.
MAIN BODY
TASK 1
P1 Analyse various key considerations for analysing growth opportunities as well as justify
them.
As planning is referring to a process of mentioning along with evaluating different changes
as per requirement for achieving required goals as well as objectives. It is said to be a method
that is carried by company for having a balance division between company that are recently
along with company that wants to achieve in a timescale (Hardjono and Safitri, 2021). As in
terms of bold Street coffee shop which is a small business as balance required to achieve its
growth by expansion of their business operations in various cities of United Kingdom also with
Australia.
Porter's generic strategy
As it is said to be a strategy that termed to be a guidance along with it provides competitive
advantage towards company for having competitive marketplace. Porter's generic strategy
involves 4 different strategies that are carried by a company for achieving their advantage for
1