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LO1 Understand the key consideration SMEs should consider for analysing the opportunities related to growth.
LO2 Assess the different methods through which the company access funding and when to you various types of funding.
LO3 Develop a business plan which includes the financial and communicate how you intent scaling a business.
You need to analyse the simulated business or the social organisation. This need a complex and could be a small business that includes the local service such as new coffee shop. You should choose something which is interest you personally in order to access to resources and skills through personal networks.
The recommended work count is 1500-2000, although you will not penalised for exceeding the total word count.
LO4 Assess the different ways in which a small business can exit the business and the related implications of each options.
Following the business plan report for part-1, you are write an appraisal of the exit on succession options for the business or social enterprise, assessing the advantages and define the drawbacks of each options. You may want to analyse the the exit or succession options for the small company and make comparison among the options and making valid recommendations. You also give the critical evaluation of the exit or succession options for the small business and decide an appropriate course of action with the justified recommendations in order to support the implementation.
The recommended word limit is 1000-1500 words, although you not not penalised for exceeding the word count.
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