Planning for Growth

Planning for Growth

Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Covered in Brochure...............................................................................................................3
TASK 2............................................................................................................................................3
P3 Different source of funding with their advantage and disadvantage.................................3
P5 Exit and succession option for small business with its benefits and drawbacks...............5
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The term planning is explained as a formulation of an effective plan for performing
various operations that leads an organisation to accomplish decided goal and objectives. On the
other side, planning for growth is utilise for preparing plans to accomplish desired position and
success in the future. According to present market conditions most of the SME’s perform and
manage their business with small number of individuals that provide support for the economic
growth of organisation (Alsos, Carter and Ljunggren, 2011). This report is composed from point
view of Rowlinson Knitwear it is a small UK based company that perform its business in
clothing industry. Now after Brexit organisation is focused to enter into new market for
expansion of business. Moreover, this report highlights on the analysis of key consideration to
evaluate growth opportunities and its evaluation with implement of Ansoff’s growth matrix.
Various sources of funding to expand the business and the business plan with pre-determine
financial strategies will also include in this report.
TASK 1
Covered in Brochure
TASK 2
P3 Different source of funding with their advantage and disadvantage
Financing is the way toward social occasion the important finances which are required by
the organizations for doing their different tasks and exercises for the ideal development and for
accomplishing the objectives adequately. Rowlinson Knitwear a venture of £20,000 yet it needs
£30,000 for extending its activities in the UK showcase (Blackburn, Hart and Wainwright,
2013). There are different inner and outer wellsprings of financing which can be utilized by the
firm for gathering their outstanding assets of £280,000. These sources are talked about
underneath:
Internal source- These are the inward sources inside the association for producing the
fundamental subsidizes, for example, selling of benefits, decreasing working capital and so forth.
External source- These sources are the different choices which are available outside of
association for producing the assets, for example, bank credits, financing, crowd funding and so
on.