Small Business Enterprise InTRODUCTION 1 TASK 11 1.1 Profile of Revivephone

Small Business
Enterprise

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Profile of Reviveaphone and explanation of its strengths or weaknesses.............................1
1.2 Analysis of business by doing comparison with other firm..................................................2
TASK 2............................................................................................................................................3
2.1 Justification of taking proper action for overcoming recognised weaknesses......................3
2.2 Ways of maintaining and strengthening current performance..............................................4
2.3 Recommendations of new areas where by business can be expanded..................................5
TASK 3............................................................................................................................................6
3.1 Assessment of current business objectives and plans...........................................................6
3.2 Revising of business plan for incorporating changes............................................................7
3.3 Formulation of action plan for enforcing changes................................................................8
TASK 4............................................................................................................................................9
4.1 Effect of proposed changes on the workers and overall business.........................................9
4.2 Plan for how the changes will be managed in the business..................................................9
4.3 Improvements in the performance of the business over the past two years .......................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Small business enterprises are commonly established by some entrepreneurs who are
having the motive of enlarging their business and earning large sum of profits from that.
Nowadays, small and medium sized companies are growing at quicker rate and seeking attention
of most of citizens (Schaper and et. al., 2014). This is recognised that such types of businesses
are generating numerous chances to each and every people living in nation. Thus, it can be said
that those small business enterprises are able to improve knowledge and living style of common
public as well. The present report is explaining the strength and weakness of corporation. Here, a
firm has been selected from the series of Dragon Den which is Reviveaphone. They used to offer
services like repairing of cells phones in a single day. In this project, assessment on the current
business plans and objectives has been also described.
TASK 1
1.1 Profile of Reviveaphone and explanation of its strengths or weaknesses
SMEs simply refers to those enterprises which is having less employees and accomplish
their work at small level. These firms are being operated by entrepreneurs as per their own rules
and regulations as they have power to take decision in terms of their business activities. But
company needs to know its current position in market. For this, company requires to conduct
SWOT analysis so that they can get familiar about its strengths, weaknesses, threats and
opportunities as well.
Reviveaphone is a small business enterprise that is located in the United Kingdom in a
prime region so that they easily seek attention of more and more civilians towards the services of
repairing mobile phones. They are having only ten employees working within their company.
Even by having such a few strength, they are giving good quality services to their consumers.
This in turn helps them in maintaining their customer base (Williams and Schaefer, 2013). Thus,
for doing this, manager of Reviveaphone would have to carry out SWOT analysis.
Strengths:
 Main strength of this company is that they have several types of businesses in different
sectors.
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 Structure of working is very efficient. Thus, workforces are carrying out operations in
proficient manner.
 They are growing their business operations on regular basis.
Weaknesses:
 Individuals are not so much capable of comprehending tasks of one another.
 Pattern of work is not understandable by employees that would restrain their success and
development.
 Workers who are performing in this venture are less in quantity and in addition to this,
they are also not having good skill. Due to this reason, company is not capable of
attaining its aim and objectives in an effective way (Jasra and et. al., 2012).
Threats:
 The key threat for this venture is that competition is increasing day by day in the sector
of electronics market. Thus, as a result potential clients of this organisation moved
towards their other competitors. Because of this reason, sales rate of company get
reduced so much (SWOT Analysis: Theory, 2017).
 Apart from this, workforces are also not giving their best that is giving negative impact
on the overall performance of corporation.
Opportunities:
 Reviveaphone is having the key opportunity of expanding its business in more and more
areas so that they can earn large sum of income or profitability from this.
 Company at the same time has opportunity to improve their brand value by offering
innovative goods or services to the clients in order to retain them for a long period of
time. But for doing the same, they need to give effectual training and development
programmes to their work forces so that they can improve their working skills and gain
experiences. Then, as a result, they can attain their goals very easily.
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