Planning for Growth in Rowlinson Knitwear: Business Plan, Exit Options, and Succession Strategies

Unit 42: Planning for Growth
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Table of Content
Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................2
MAIN BODY..................................................................................................................................3
Task 1. Covered in brochure............................................................................................................3
Task 2...............................................................................................................................................3
P4 Design a business plan............................................................................................................3
Task 3...............................................................................................................................................6
P5 Discuss exit or succession options available to a business with their pros and cons.............6
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
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INTRODUCTION
It is important for an organisation to evaluate growth in order to ensure greater productivity
and coordination in a workplace (Barbour and Deakin, 2012). Planning is major constituent of
management without which nothing can be done as it is significant ingredient for
accomplishment of business objectives successfully within respective period. Firm has to make
proper planning regarding several factors such as funds, labour, availability of raw materials
while making expansion of its operations in a global market. This report is based on Rowlinson
Knitwear which is headquartered in UK. It deals with several varieties of product such as
corporate and formal wear and school uniforms as it is founded in 1972. This report comprises of
various opportunities of growth so as to gain strong rivalry advancement in a marketplace. This
report covers planning related to raising of funds through several means such as bank loan, angle
investor and crowd funding. This report covers a business plan so as to determine its overall
strategy regarding the vision and mission of a firm. At last, it includes various succession or exit
option available to a firm with the help of an appropriate recommendations.
MAIN BODY
Task 1. Covered in brochure
Task 2.
P4 Design a business plan
Business plan: It could be defined as a detailed plan which is focused with growth and
development of business. Main goal of it is to develop the business so that the enterprise can
meet all the long-term business goals and objectives (Gabler and et.al., 2017). If the managers
within the entity are not able to formulate the plan in systematic manner then it may leave
negative impact upon functionality of business.
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Executive summary: Rowlinson Knitwear is one of the renowned small and medium
sized company which is situated in United Kingdom. It is a manufacturing apparel company
which deal with formal wear and school uniforms for men and children.
Vision: The vision of respective firm is to be the most valuable business and also to serve
customers in a best possible manner.
Mission: The mission is to provide good quality of fabric and timely delivery of goods so
as to gain large access of clients across the globe.
Values and ethics: The manager of respective firm focus on developing higher values as
it provides greater value proposition to their customers by rendering best quality of garments and
fabrics which in turn win their hearts and develop trust among them.
Objectives: To accelerates the sales by 10% within twelve months which in turn boost the
profitability within the confines of clothing industry.
Funds: The manager of Rowlinson Knitwear would choose bank loan as it provides
safety and security to it.
A detailed business plan for Rowlinson Knitwear is as follows which covers different
elements such as strategic objectives, financial information, mission vision etc.:
Financial information:
 Project cost:
Particulars Amount
Product development Lab scale) 100
Production Machinery / equipment’s 500
Pre-operating Admin costs 100
test marketing 50
total project cost 750
According to above calculations the total cost of project will be around 750 and it will be
very important for the managers of the organisation to make sure that they are able to arrange
funds for meeting the costs. For this purpose, the board members will be required to analyse
different types of sources of funding so that all the future obligations could be met. The main
source of funds which will be used by the entity will be own funding of the entity. Apart from
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