Managing and Running a Small Business

Managing and Running a
Small Business
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Contents
PART 1............................................................................................................................................3
INTRODUCTION...........................................................................................................................4
1.Discussion of the main consideration and assessment of the importance of planning and
allocating resources to achieve the business objective for a small hospitality organisation.......4
Importance of planning as well as allocating the resources for accomplishing objective in short
span of time which is going to be mentioned below:..................................................................4
3. Application of relevant tools and techniques in a structured and analytical way to plan and
allocate resources in an organisational context...........................................................................5
4 Critical analysis of the application of appropriate resources to demonstrate links between
resource allocation and achievement of business objectives.......................................................6
5. Determine the customer relationship management for small and social enterprise................6
6. Explanation of how a small business can develop transnationally with an assessment of the
advantages and drawbacks using a relevant model.....................................................................7
7. Recommendations for overcoming challenges of developing transnational operations.........8
8. Discussion and critical evaluation of the key legislation and regulations that affect small
businesses or social enterprise organisations, taking future developments and changes into
account.........................................................................................................................................9
Conclusion.....................................................................................................................................10
PART 2..........................................................................................................................................10
INTRODUCTION.........................................................................................................................10
Cash flow forecast that shows fixed and variable costs............................................................10
Application of Break even analysis...........................................................................................13
Interpretation of key financial statements and its contribution in successful management of
business......................................................................................................................................15
CONCLUSION..............................................................................................................................16
REFERENCES..............................................................................................................................17
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PART 1
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