Small Hospitality Business

Small Hospitality
Business

Table of Contents
INTRODUCTION ..........................................................................................................................3
PROJECT 1.....................................................................................................................................4
Determinants recognised during allocation of various resources to accomplish organisational
objectives................................................................................................................................4
Practices and models utilised for formation of plans and resource allocation in context to
selected organisation..............................................................................................................5
Importance of planning and assignment of resources in order to attain objectives..............6
Different processes of CRM for managing small concern & entities...................................6
How little organization, that can evolve nationwide with the benefits & limitations ..........8
Elements of the CRM procedure............................................................................................9
Potential to develop transnational transaction......................................................................10
Various legislative acts which influence small business enterprise. ...................................10
PROJECT 2...................................................................................................................................11
Preparation of cash flow and BEP analysis..........................................................................11
How breakeven analysis could be applied to an organizational situation............................12
Interpretation of financial statements...................................................................................12
CONCLUSION ............................................................................................................................13
REFERENCES..............................................................................................................................14

INTRODUCTION
Small hospitality businesses at present competitive market are the best contributor of
economical growth along with the employment opportunities. This type of organisation develop
to achieve success and growth by satisfying the customers with best alternative services, product,
through their innovative business approach (Kasim, and et. al., 2018). Objectives of these type
of organisation is to get success in the competitive market by the development of new
innovative, quality and customers require products, with the aid of effective business strategies
such as competitive price offer, better alternative service's with every essentially facility's,
attractive location and so on. In this report different strategies and planing for selected
organisation is going to be consider in order to achieve their business growth and success
objectives. prestonfield house hotel limited is the small luxurious hotel, headquartered in
Edinburgh, Scotland UK. Offer different hospitality services to their customers. This report is
divided into two parts, first part involve, Discussion on the main factors of business is done
which should be consider by the small enterprise while planning for the resources allocation. In
context to the selected hospitality small business different process of CRM is going to be
consider in this report along with the study of different process of transnational development,
with the identification of it benefits and drawbacks (Putra, and Cho, 2019). There is the
discussion on some key legislation which should be followed by the small scale enterprise. Then
in the second part of the project John & Jenny E-commerce Service company is consider in
prospect to annual itemised monthly cash flow, application of the break even analysis is consider
along with the interpretation of financial statements.

PROJECT 1
Determinants recognised during allocation of various resources to accomplish organisational
objectives
There are the various factors which should be consider during resources allocation for
goal achievement. Such as in order to achieve the business objectives they have to perform their
operational functions with the aid of employees so that is one of the factor which should be
consider, same like this there are many more factors which should be consider during resources
allocation (Zhang, Yang, and Teng, 2017). At present Brexit is the main factor which support
the small scale company to run their business effectively by the aid of some trading opportunities
given by this. Small organisation have to perform various function for their businesses success
such as market research, recruitment financial management, service's planing and all and in order
to accomplish all these function organisation have to consider some important factors during the
resource's allocation given below.