Managing Small and Medium sized Enterprises

Assessment 1
Managing Small
and Medium sized
Enterprises

Executive Summary
This report states the various factors of small and medium sized entrepreneurship. It is
necessary for entrepreneur to know about the various aspects if competition along with knowing
about the process of small and medium sized entrepreneur start up. They are also required to
know about the various strategies of their current growth and development. Government of
United Kingdom is also supporting the start ups as they leads to the growth of economy.
Measuring those supportive factors are an another factor which is necessary for small businesses.
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Contents
Executive Summary.........................................................................................................................1
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
The nature of the entrepreneur behind the venture.................................................................4
The SME start-up processes...................................................................................................4
The business concept and any sources of competitive advantage..........................................5
The current level of demand and the competitive environment.............................................5
The growth and development of the business to date.............................................................7
The challenges of managing and running the business..........................................................7
The SMEs current growth and development strategy............................................................8
Any government support measures that may be available to help the business overcome the
challenges faced......................................................................................................................8
CONCLUSION..............................................................................................................................10
.......................................................................................................................................................10
REFERENCES .............................................................................................................................11
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INTRODUCTION
Small scale enterprises are refers to those economic activity or a business having limited
number of employees. Along with this, small businesses are limited by the flow of finances and
materials. Utilisation of local resources labour-intensive flexibility ownership Limited reach are
various characteristics of small scale businesses. According to a latest report it is found that
almost 99% of all companies in UK are small businesses because it is easy to start and manage
these type of businesses. This report is based on the Verdant Leisure. It includes the nature of
entrepreneurs and the business, process of starting of a small and medium sized
entrepreneurship, various concept and sources of competitive advantages, current level of
demand and the competitive environment growth & development of business to date, various
challenges of managing and running the business, current growth and development strategies
followed by small and medium size entrepreneurs and the Government support measures that
may be available to help the business overcome the challenges faced by them.
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