logo

Managing & Running a Small Business Assignment - Carter Lane Coffee House

   

Added on  2020-10-22

19 Pages5039 Words246 Views
FinanceLeadership Management
 | 
 | 
 | 
Managing &Running a SmallBusiness
Managing & Running a Small Business Assignment - Carter Lane Coffee House_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1) Main considerations a small business or social enterprise required to run business whileplanning and allocating resources..........................................................................................1TASK 2............................................................................................................................................3P2) Different processes of customer relationship management for small business...............3P3) Small business can develop transnationally along with benefits and drawbacks............4TASK 3............................................................................................................................................6P4) An annual itemised monthly cash flow forecast showing fixed and variable costs.........6P5) How Break- even analysis can apply on different situation of organisation.................10P6) Financial statements for an organisation........................................................................11TASK 4..........................................................................................................................................12P7) Legislation and regulations that have implications on small businesses......................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15
Managing & Running a Small Business Assignment - Carter Lane Coffee House_2

Managing & Running a Small Business Assignment - Carter Lane Coffee House_3

INTRODUCTIONSmall business can be stated as those companies which gives employment to less than 50people and turnover of them doesn't exceed€10 million annually. But to open a business in smallsector less investment is required. Therefore, many entrepreneurs are used to run their businesssmall and large sectors. In UK, thousands of companies are launching in small sectors every yearwhich helps in reducing unemployment. Moreover, they are also considered as backbone of acountry as profitability of these organisations give a large contribution in improving andincreasing economy. The assignment is going to make a discussion upon how entrepreneursmanage and run a small business in a successful manner (Winarno and Wijijayanti, 2018). Inthis regard, Carter Lane Coffee House which is a small coffee shop of London will be taken.This cafe serves a wide variety of food and beverage products to customers. Further, this reportwill also depicted on the way of developing business transnationally by SMEs.TASK 1P1) Main considerations a small business or social enterprise required to run business whileplanning and allocating resourcesCarter Lane Coffee House deals in small business sector and offers a range of coffeeproducts with fresh bakery items. It is a friendly and warm cafe house having a passion for art ofbarista. From per views of customers, it is considered as best cafe in Street of London which hasamazing coffee with smilies, attractive ambience and great banter (Weske, 2012). Along withthis, it has lovely and friendly workers in staff that know how to meet requirement of customerson time. It has a friendly and experienced staff who understand easily what a customer needsfrom them. It also gives opportunities to many job seekers who are interested to work in thisfield. While planning and allocating resources, this firm needs to concern on some major factorswhich help in growing business in an efficient way are given as below: - Setting of goals and objectives of the firm- It is first major factor which states a firm toset goals and objectives of business. This will help employers and staff members to understand inwhat manner they have to perform so that target could be achieved. Along with this, they shouldset mission and vision of business also. In this regard, the main mission of Carter Lane is to serverich and creamy taste of cafe products (Williams, 2012). While vision statement of this cafe is toenhance a large customer base by growing business in other food sectors also. 1
Managing & Running a Small Business Assignment - Carter Lane Coffee House_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Customer Relationship Management Processes PDF
|17
|4563
|397

Small Business Managing and Running a Small Business
|16
|4485
|233

Managing and Running a Small Business
|20
|4269
|83

Small Business InTRODUCTION 3 TASK 13 P1 How small business can develop transnationally
|14
|3983
|411

Managing and Running a Small Business PDF
|25
|6757
|494

Managing and Running Small Business | Assignment
|20
|5400
|157