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Assignment on Small Business Enterprise | Dragon Dan

   

Added on  2020-06-04

20 Pages6147 Words57 Views
Small Business Enterprise

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK1.............................................................................................................................................11.1 Profile of the company and their weakness and strength......................................................11.2 Evaluating business performance with the use of comparative measure .............................2TASK2.............................................................................................................................................52.1 Recommendation to overcome with company weakness......................................................52.2 Different ways in which existing performance of Kristy could be maintained....................62.3 New area where company could be expanded .....................................................................7TASK3.............................................................................................................................................83.1 Giving assessment on existing business plans and objectives..............................................83.2 Reviewing business plans as well as suggesting ideas where any modification can be made.....................................................................................................................................................93.3 Preparing an action plan to formulate the changes ............................................................10TASK4...........................................................................................................................................114.1 Effect of proposed changes on personal and business........................................................114.2 Managing proposed variation in organisation.....................................................................124.3 Measurement for enhancing the business performance over last two years ......................13CONCLUSION .............................................................................................................................13REFERENCES..............................................................................................................................15.......................................................................................................................................................16

INTRODUCTION Small business enterprise is identified as a specific entity who has minimum capital andemployees. They are supportive in giving strength to unstructured areas in an effective manner.They have the help of well established and innovative entrepreneur but even they do not havesufficient money to build their organisation on international level. They also have benefits ofhandling all activities and functions of an enterprise in an essential manner. As small and microscale are adding few value for the achievement of improvement of society and economy.According to the provision act 2006, it is define as absolute turnover of micro business thatshould not be overreaching by 6.5 million pound (Acs and et.al., 2013). Due to this, there arenumber of workers by 50 which is not more than, so it is beneficial for the company to attaindesire objectives in certain time. Therefore, Small scale offer better platform or possibility tocommunity in order to enhancing and inspiring their living standard. This report is discussion regarding Dragon Dan Serious that has been complete. It hasbeen determined by BBC and giving better opportunity for young person for making moreinvestment. It is also define the Kristy's, it is a Worthenshaw's Former and providing healthy andready-made foods items for Children and Adults. This assignment determined the businessprofile and its strength & weakness by evaluating the performance of them. It will also givenrecommendation in regrades to get over with its weakness. Business performance also describedfor the few two year which also determined in this project. TASK11.1 Profile of the company and their weakness and strengthBackground of the company: Worthanshaws Ltd is an ethical food product company inUnited Kingdom, it is established by Kirsty in 27 July, 2009. Main motive and purpose oflaunching this business is to give diary-free, and sugar- free frozen pudding are part of Ice-Cream. Her is youngest businessperson who is gaining capital from the Dragon series (Barberand et.al., 2016). She have unique and innovative ideas regarding pudding for screening whenKirsty analysis its son Jacob which was sensitive towards the nuts and intolerant. As thisbusiness was rebuilt in 2012 in which she desired to personalise the product brand in order tolink with those buyers who are troubling from this kind of disease. 1

Owner Structure: CEO and manger of the business entity has may role & responsibilityOrganisation is selling or producing their goods from various departments which are mainlyplaced in United Kingdom. All healthy products are offering by company which is certified with75% of growth and development rate in grocery store (Worthenshaws ltd, 2013). Now, entireproducts are sold by super market which valued at 5 million pound (Approx.) in current day. Business entity and its owner had won different awards or trophy in past year due tobetter drink and food quality. Kirsty is emphasising on such action because in which she can givehealthy and good savoury meals to clients (Bernaert and et. al., 2014). Apart from this, they aremaking different efforts and try to provide safety and health food in order to give bettersatisfaction as well as earn higher profitability. Along with this, there are certain weakness and strength of the company which supportthem in making appropriate judgement for the business expansion. These are determined underthis- Strength: Selling or producing quality products with affordable range like healthy savourynutrition. They produce tasty and healthy conscious goods to their customers. They are present inmain supermarket which is big strength of them. All goods are designing and packaging like;intolerance with crackpot. Weakness:Lack of diversity or differentiate products. All investment are complete by Dragon denwhich help its business in modern-day. Their competitors are producing more foods variety suchas ice creams. Buyers interaction is less because of selling in national market. They havingminimum share in marketplace. COMPANY PROFILE: Name of business Worthanshaws LtdTelephone no. 649350114Fax6493770836E-Mail www.profileltd.co.nzNumber of workers Approx 35Products and services Ice-cream and other goods 2

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