Small Business Enterprise

Small Business Enterprise

Table of Contents
INTRODUCTION......................................................................................................................2
TASK 1......................................................................................................................................3
Producing a profile of business organization.........................................................................3
Comparing the financial performance of Dragons Den with other firm...............................4
TASK 2......................................................................................................................................6
Recommending appropriate actions to overcome the weaknesses........................................6
Analyzing the ways in which existing performance can be maintained and strengthened....7
Suggesting areas for business expansion...............................................................................7
TASK 3......................................................................................................................................8
Giving an assessment of business objectives and plans.........................................................8
Reviewing business plan and suggesting areas where changes are needed...........................9
Preparing an action plan to implement the changes...............................................................9
TASK 4....................................................................................................................................10
Assessing the impact of proposed changes on business and its personnel..........................10
Preparing an plan for the management of changes..............................................................11
Providing information about the improvements that take place in the business performance
..............................................................................................................................................13
CONCLUSION........................................................................................................................13
REFERENCES.........................................................................................................................15

INTRODUCTION
In the present era, government encourages small business enterprises to come with
their unique ideas and suggestions. For this purpose, government offers funding to the small
business establishment and entrepreneurs to implement their ideas and thereby attain success
in the dynamic environment. The main aim behind such initiate is to raise employment
opportunities and thereby makes contribution in the economic growth and development.
Moreover, GDP and growth of the nation is highly influenced from the employment and
living standard of people. The present report is based on Dance show live Ltd which is
planning to expand its reality shows business. In this, report will shed light on profile of such
shows which can be presented by firm in front of venture capitalists such as Dragon Den.
Hence, report will describe the areas in which business unit can expand by mitigating all the
weaknesses.
TASK 1
Producing a profile of business organization
Name of the business Dance show live Ltd
Owner structure Mr Simon Dibley and Mrs y Vette Dibley are the
main key people of an organization. Both such
directors frame strategies and policies for
ensuring the smooth functioning of business
activities (Dance show live Ltd, 2015). In
addition to this, they make assessment of
competitor’s framework and trend and thereby
build framework to achieve success. Both the
directors have 50-50% shares and take business
decisions through their mutual discussions.
History / background It is private limited company which is
incorporated according to the Companies Act
2006. Its registered office is situated in England
and Wales.
Activities Dance show live Ltd organize and broadcast
reality programs. It has specialization in making
effectual and modernize dance programs in line

with highly advanced world.
Business location The Pines Lisvane Road, Lisvane, Cardiff, S
Glam, CF14 0SF
Comparing the financial performance of Dragons Den with other firm
By conducting SWOT analysis, several strengths and weaknesses of Dance Show live
ltd have been assessed. Company has highly skilled personnel which have ability to perform
business activities in the best possible way. In addition, by taking into account the financial
growth aspect of firm it can be said that strategic and policy framework of company is sound.
On the other side, due to having less experience in such field directors are facing difficulty in
relation to attaining high profit (Storey, 2016). Moreover, in the year of 2014 company has
succeed in attaining break-even point but it failed to generate high profit margin. Hence, for
the enhancement of profit company is required to make changes in the existing strategic
framework.
Strengths
 High reputation
 Better understanding about financial concepts
 Strategic framework for saving start up cost
 Skilled personnel
Weaknesses
 Lack of promotional activities
 Lack of better experience
 Ineffective vendor relationship
In order to assess its position in against to competitor Dance Show Live Ltd has
conducted evaluation of sales revenue generated in different years. Moreover, sales revenue
is the measure which provides information about the extent to which customers like
entertainment services offered by business organization. Hence, by making assessment of
such aspect business unit can unit can assess its financial performance in against to
competitors.