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Managing and Running Small Business | Assignment

   

Added on  2020-12-30

20 Pages5400 Words157 Views
Leadership ManagementProfessional DevelopmentPolitical Science
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Managing andrunning a smallbusiness
Managing and Running Small Business | Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Main considerations every small business concern needs while planning and allocatingresources for achievement of business objectives..................................................................1TASK 2............................................................................................................................................3P2. Evaluation of various CRM processes for small business concerns...............................3P3. Development of small businesses transnationally with its benefits as well as drawbacks.. .4TASK 3............................................................................................................................................5P4. Produce an annual itemised monthly cash flow forecast showing fixed and variable costsset against income for a specific organisation........................................................................5Cash flow statement ..........................................................................................7P5. Way of break-even analysis applied in an organisational situations................................7P6. Interpretation on key financial statements for an organisation for contribution insuccessful management..........................................................................................................8TASK 4..........................................................................................................................................12P7. Key legislation and regulations which have major implications on small businesscompanies.............................................................................................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
Managing and Running Small Business | Assignment_2

Managing and Running Small Business | Assignment_3

INTRODUCTIONSmall business enterprises are an essential part of today's fast growing business economy.They are even expected to impact global economy and its growth by a great extent. So, to benefitfrom this opportunity, entrepreneurs implement strategies which help them in earning goodamount profits and revenues that further leading to growth. Entrepreneurs today believe indeveloping new and innovative ideas that will help them in providing a competitive edge inmarket and also lead to enhancement in their market sustainability. In this report, JS Supermarkethas been chosen for further study (Chauma, 2017). JS Supermarket is a small scale businessconcern which is situated in London, UK. This report focusses on main key considerations that afirm needs to consider while forming business plans. Various process of customer relationshipmanagement and break even analysis have also been mentioned here. In addition to this, thereport studies various rules and regulations which affect functioning of businesses in UK. TASK 1P1. Main considerations every small business concern needs while planning and allocatingresources for achievement of business objectivesJS Supermarket Limited is a small scale retail sector firm that is situated in London, UK.This business entity was founded in the year 2014 by Ramchandran Jalatheepan. JS Supermarketis a retail sector firm whose main area of business is food and beverages sector. In present dayscenario, customers market of JS Supermarket Ltd. is decreasing and it leads to negative impactof overall working of business. Hence, managers of JS Supermarket have decided aboutinitiating a plan or strategy that looks after needs of customers further leading to enhancement ofits position in market. In today's fast growing economy, business sector of UK provides ample of opportunitiesto people who are interested in earning monetary funds. This happens due to Brexit of UK fromEuropean union (Ali and Babiker, 2017). Further, it also helps entrepreneurs in initiating a newbusiness venture at small scale in competitive market. By this approach, people were able tofocus on extremely populated areas where they could open new retail outlets and supply variousservices which helped in revenue generation. This growth is only possible when entrepreneursentered market with correct approach and new innovative ideas. Major activities that are to beperformed on a daily basis include planning and allocation of operational resources, forecasting1
Managing and Running Small Business | Assignment_4

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