Managing and Running a Small Business

MANAGING AND RUNNING A
SMALL BUSINESS
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Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P1 Explanation of Main consideration a small trade or social venture require when setting up
and allocating resources...............................................................................................................4
M1Importance of allocating of resource and planning in Unisex beauty salon..........................5
M2. Importance of planning and allocating resources to achieve business objectives.............6
D1. Critical analysis of the application of appropriate resources................................................6
TASK 2............................................................................................................................................6
P2 Various procedure of customer relationship management for small trade organisation.......6
P3 Way of small business can develop transnational advantages and disadvantages.................7
M3. Apply and evaluate the elements of the customer relationship management process in
relation to achieving the business objectives...............................................................................8
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M4. Evaluate the potential to develop transnational operations using the stage model of
internationalisation, assessing both benefits and challenges.......................................................8
D2. Critically evaluate the customer relationship management process at all stages and
provide recommendations for overcoming challenges of developing transnational operations..8
TASK 3............................................................................................................................................9
P4 Cash flow statement...............................................................................................................9
P5 Explanation of how BEP apply in business organization.......................................................9
P6 Interpretation of financial statement of..................................................................................9
TASK 4............................................................................................................................................9
P7Key legislation and regulations that have implication on small business or social venture....9
M6. Evaluate the implications of key legislation and regulations in an organisational context.
...................................................................................................................................................11
D4. Critically evaluate key legislation and regulations that affect small businesses or social
enterprise organisations, taking future developments and changes into account......................11
CONCLUSION..............................................................................................................................11
REFRENCES.................................................................................................................................11
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INTRODUCTION
Small business organizations play vital role in enhancing the economy f United Kingdom. These
small entities help in increasing GDP rate as well as reducing the unemployment rate. In order to
understand the concept of small organizations, Unisex beauty salon has been take, which is
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