TASK 11: Strength and weaknesses of small business enterprises

SMALL BUSINESS
ENTERPRISES

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
1.1Profile, strength and weaknesses of business....................................................................1
1.2 Comparative measures .....................................................................................................3
.........................................................................................................................................................4
TASK 2............................................................................................................................................4
2.1 Recommendations for upcoming weaknesses .................................................................4
2.2 forms of Maintaining existing performance ...................................................................6
2.3 Recommendation for enlargement...................................................................................6
TASK 3............................................................................................................................................7
3.1 Business objective and plan .............................................................................................7
3.2 Revision plan ...................................................................................................................8
3.3 Set up an action plan ........................................................................................................9
TASK 4............................................................................................................................................9
4.1 Changes effects on individual and business ....................................................................9
4.2 Readying for managing the modifications.....................................................................10
4.3 Monitor improvement in company performance ...........................................................12
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
.......................................................................................................................................................14

INTRODUCTION
Small business may be determined in different ways like: in an investment terms, number
of peoples employed, volume of sales and output and production techniques etc. SMB's is an
operated and privately owned business. A small scale typically has a small number of workers, in
the UK. It is a enterprise that employs a tiny number of employees and does not have broad sales
volume. Such organisations are generally sole proprietorships, partnership and corporations.
This report is based on Number One which is small-business giving nutrient to buyers
with enchanting inside so they can pull large number of the buyers (Altman, Sabato and Wilson,
2010). Weaknesses and strength of an enterprise with the support of different approach which is
also mentioned in this file. Separate from that, it also exclude a perfect and suitable concern plan
which assist to raise revenue plane of the industry. Tools of execution administration which
supports to determine hidden issues in flourishing of firm will be obstinate in this assignment.
TASK 1
1.1Profile, strength and weaknesses of business
The primary aim and subjective of small scale is to give better product and services to
their buyers and increase their revenue level. Company also direction on creation in their
product so different buyers can take high interest top go in their cited eating house. Cited
enterprise is famous for their tasty food and captivating exterior to their foreign and domestic
buyers (Audretsch and Link, 2012). Under this business is highly focused on betterment of their
creative services by implementing and adopting different strategies. Number One is focuses on
different other services like for example: giving comfortable rooms and another employment
which feels buyer easy so, in this way they can well spend their most time with relish.
Profile Description
Name Number One
Food Italian
Phone number 0131 557 6727
Beginning hours 6-10PM
Address Balmoral Hotel,1 Princes St, Edinburgh EH2
2EQ
1

Stores 140 Branches in United Kingdom
Menu Roccofortehotels.
Reservation Booktable.co.uk
SWOT analysis:
Strengths: Number one eating house has different property which can be utilized by organisation
in a better way. The important and galactic strength of this business is giving prime products to
their buyers. They include impressive policies and scheme which support to increase their
earning and another strength is attractive internal which is highly attract large amount of the
buyer’s not only national but also international tailored (Bridge and O'Neill, 2012). Another
strength is personality its knowledge and skilled workers so they can provide better service and
product qualities to clients.
 Quality product
 Global research
 Profitable organisation Strong financial foundation
Weaknesses: There are several weaknesses of cited restaurant so it directly impacts the company
profits. It includes conflict and miscommunication among the subordinates and employers so it
affects the strategies and policies of the business. One of the major weaknesses of mentioned
small scale it that challenges which exist in the marketplace and affect organisation revenues
(Burns, 2010). There are lack of skilled and qualified workers which are highly impact enterprise
activities. Lack of sources and funds are also a main weakness, which is faced by cited
restaurant.
 High price
 improving roasted coffee Known only for Coffee
Opportunities: It includes new plans which boosts from changes in performance and taste of
buyers. Business can also appoint skilled and qualified person, so they can provide creative
services and innovative products.
 Launching innovative products
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