Managing and running a small business

This document discusses the considerations and resources needed for managing and running a small business or social enterprise. It covers the importance of people and skills, business plan, premises and equipment, organisation structure, and organisational culture. The case study of Expat Explore Travel company in London, UK is used as an example.

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For running a business and its continuous
growth there is need to focus on different factors and
resources that are important for business organisation.
For increasing the insights and understanding Expat
Explore Travel company has been selected that is small
company in London, UK. The headquarter of
organisation is in London, England. This part of report
covers classification of planning resources and their
allocation for small and social enterprises.
P1 Discussion of considerations for small business or
social enterprise
Small business are started with minimum
capital and resources by understand the demand of
customers and then make decision to fulfil at particular
areas. For running small business there should
arrangement of capital and planning resources that are
important for managing the performance. Such as Expat
Explore Travel company where group size is less than 6
people are classified in each function and managing
their small business by operating the tour packages for
customers. The planning resources and their allocation
for such organisation are as stated:
Premises and equipment – This means land
and equipment for operating the business and making
plans to grow it by using different activities. This is
important for organisation to develop the products and
services in changing environment that can help to run
the small and social enterprises. The management of
Expat Explore Travel company is required a proper
premises and building to operate a small business by
understand the needs of social communities and also
requirement equipments for running travelling business
that can help to attain the business goals.
A business plan – For establishing and running a small
business plan is also needed that involves vision, mission
and objectives of Expat Explore company. By defining
plans strategies are formulated by management that could be
support to run the business by attaining the busines goals.
Human resource management – For running small
and social enterprises there should have human resource
manager who perform the different functions such as
recruitment, selection, retention, performance management
and team building that helps to organise a function and
increases the working capacities.
In changing environment, it is needed to have
proper resources and technical activities that can help to
grow and develop the business. For running business
resources such as premises and equipment, skills and
people, organisation structure, culture and business plan are
classified by management.
People and skills – The meaning of people and skills is
employees who are working and having skills or talent in
themselves which can help to deal with difficulties that
can help to operate the business by accepting the
challenges. In Expat Explore Travel company number of
people are working as they are having different skills that
give capabilities to run and grow the business. The
manager of organisation are delivering kind of products
and services in their travelling company.
Allocation of resources
Organisation structure – According to view of
employer of any organisation, structure of company
applicable to the business purpose that can help to
allocate the work between employees in which they are
skilled that support to perform the activities. In context to
Expat Explore Travel company management are
following e functional organisational structure that can
help to manage the functions and increases the
productivity.
Establishment of appropriate organisational
culture – This is require for small and social enterprises
to use a appropriate culture such as role, task, power and
person that are uses by people for running their business
and increasing brand image. The management of Expat
Explore Travel company is following task culture that
helps to perform all task with the support of employees
and get completion of work in certain time.
Managing and running a small business