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Small Business Entrance Initiative Introduction

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Added on  2020-06-03

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SMALL BUSINESS ENTERPRISE INTRODUCTION 1 TASK 11 1.1 Profile of small business with strengths and weakness 1 1.2 Analysis of business by comparative measurements of performance 2 TASK 24 1.2 2.1 Techniques to overcome with weakness 4 2.2 Methods of maintaining and strengthening performance5 2.3 Recommendation and justification of areas for expansion of business5 TASK 36 3.1 Computation of existing business objectives and plans of organisation 6 3.2 Revision business plans to incorporate appropriate changes 8 TASK 42 4.1 Report on the impact of the proposed changes on the business and

Small Business Entrance Initiative Introduction

   Added on 2020-06-03

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Small Business Entrance Initiative Introduction_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Profile of small business with strengths and weakness ........................................................11.2 Analysis of business by comparative measurements of performance ..................................2TASK 2 ...........................................................................................................................................42.1 Techniques to overcome with weakness .............................................................................42.2 Methods of maintaining and strengthening performance .....................................................52.3 Recommendation and justification of areas for expansion of business................................5TASK 3 ...........................................................................................................................................63.1 Computation existing business objectives and plans of organisation...................................63.2 Revision business plans to incorporate appropriate changes...............................................8TASK 4............................................................................................................................................24.1 Report on the impact of the proposed changes on the business and its personnel................24.2 Plan how the changes will be managed in the business........................................................34.3 Monitor improvements in the performance of the business over a given timescale............3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
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INTRODUCTIONSmall sizes business organisation have employees generally having having less innumbers around 50-70 they have common motive of fulfilling basic need by engender revenue.Small business entrepreneur initially have short term goals and and mission to as they focus onspreading their roots in market. With new government policies coming up focussing of callingsmall business working on government contracts they are about to invest £11.4 on these smallbusiness start-ups also easing out licensing procedure for to boost small business sector (Bridge,2012). According to report it has been observed that around 1 million small business companiesare expected to come up in next 4 years which will boost economy of UK in coming decade.Hence “ ZIZZI” has come up with a very families face and a attractive restaurant for localpopulation. This report is segregated into 4 parts helps in explaining the value of small-business-enterprise and their process of running the firm. This assessment will be highlighting profile andidentity of a company and practical and theoretical analyse its strength and weakness andovercoming obstacles. This also focus on adapting appropriate strategies for alive and kickingplan as well as new ones.TASK 11.1 Profile of small business with strengths and weakness ZIZZI is kind of Italian chain restaurant having 140 branches which can be found inUnited Kingdom and Ireland. Their main aim to provide great Italian inspired food in which anindividual have an amazing satisfaction touches unique to local environment. They have menuincluding rustica piccante, spiedini pescatore, vegan classic pizza, white chocolate cheesecakeand many more. It is using better technology to provide easy and comfortable services to itscustomers as well as do charity work along with it for the maintenance of social welfare toimprove society. For that purpose, they are using Pennies and charity boxes regarding fundraising programmes in all branches of ZIZZI restaurant to collect amount by providing clients ttap on option of paying bill increased by their ability and donate to charity funds. They have afocus towards not only innovations of food but they want to work with fresh talents as well asrenders art and music service also (Schaper, 2014). 1
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Strengths: The basic strength of any firm is its manpower and resources to work as theyneed to utilises in a better way can consider in itself. Some of them are as follows:This firm has everything unique regarding decoration, spacing, kind of furniture andservicing which really attracts new clients and having an important feature is that theywill take care of privacy of each customers which have a positive impact on them. They have unique recipes and focus on innovation of food by providing delicious one.Its charity work is also impacts in positive way so that people think that if they prefer therestaurant then will have an opportunity to become a part of charity a well.Most of people like background music while eating and this firm have ability to fulfil thisinterests in restaurants.Weakness: It is needed to observe and analyse the threats or problems to solve themimmediately as to avoid loss in productivity or resources (Storey, 2016) Some of weak points aregiven below:It has range of expensive food regarding new recipes which reduce clients as per theirbudget of income and not affordable for every one.As they have several branches so that if they want to apply some change then requires ahigh amount of money which seems to be difficult many times. People face problems to reach location of these restaurants which reduces the profitmaximization as well. 1.2 Analysis of business by comparative measurements of performance Generally, the measurement of performance is necessary to be done as it will help inidentifying mistakes as well as to evaluate performance of employees regarding standards ofperformance decided by superiors to attain the targets and objectives of organisation. Sometimes,they can calculate working efficiencies of an organisation by comparing it with any othercompetitive firm to attain better productivity and make strong competitor in market (Goffee,2015). Comparative measure of performance using financial factorsProfit and loss account for year ended 30th April 2016 to 30th April 2017 are stated in thebelow table.Alexander The GreatZizzi2
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