Managing and running a small business

Managing and running
a small business

Executive Summary
From the written document it can be analysed that small business are operating by less fund
and individual for offering goods and services so people get influence and take purchasing
determinations. To understand about small business AKS IT Service organization has been taken
that is operations business by offering variety of consulting facilities to its consumers and assists
to maximise the business execution in rivalry business atmosphere. This will assist to maximise
the acknowledging about small business, essentialness of fiscal document and legislation which
are crucial to operate business.
Contents

Executive Summary.........................................................................................................................2
INTRODUCTION...........................................................................................................................1
ACTIVITY 1...................................................................................................................................1
Covered in to Brochure................................................................................................................1
ACTIVITY 2...................................................................................................................................1
TASK 3............................................................................................................................................1
P4. Produce an annual itemised monthly cash flow forecast showing fixed and variable costs
set against income........................................................................................................................1
P5. Explain how break even analysis could be applied to an organisational situation................6
P6. Interpret key financial statements for an organisation in relation to how they contribute t
the successful management of the concern..................................................................................7
TASK 4............................................................................................................................................8
P7. Discuss key legislations and regulations that have implications on small business or social
enterprise......................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Small business management is an activity entrepreneurs utilise when running their business
operations. Entrepreneurs may need to understand how to administrate employees, accurately
report financial information, obtain economic resources or business resources and make diverse
business determinations. To operate and manage a small business, the administration of company
frames effective plans, policies and strategies so that business can operate in effective manner
(Steingold and Steingold, 2019). To develop the understanding about small business and its
requirement AKS IT Services has been chosen that is a small computer consultant organisation
offer different facility to target audiences by offering Software that utilises to discuss about
salaries and other consultant services. This document will discuss about needs of small business
to address when planning and allocating resources to attain business aims, evaluation of different
processes of customer relationship management and strategies of developing transnationally.
ACTIVITY 1
Covered in to Brochure
ACTIVITY 2
TASK 3
P4. Produce an annual itemised monthly cash flow forecast showing fixed and variable costs set
against income
Cash Flow– It states a statement which is designed by accumulation of different activities in
relation to cash, is known as cash flow. It assists to refer the profitability position of their
business in rivalry business atmosphere. In other words, amount of money that is being
transferred for the motive of changing in to liquidity is cash flow. Each firm should prepare cash
flow document by recording and determining their activities which can assist to manage the high
profit and productivity in competitive environment of business. Businesses is based on finance
and it ebullient items which assist to operate business by executing each process and developing
manufacturing appropriately (Soundararajan, Spence and Rees, 2018). The AKS IT Services also
recommend its consumers to keep effective records of business transaction with the assistance of
a Software and frame cash flow document so all actions can be execute efficiently.
Sources of funds:
1