This report focuses on the importance of small and medium businesses in an economy and how it contributes in boosting productivity and profitability of nation and how it contributes in growth of nation. This report helps in understanding about small and medium enterprise and how it is managed and sustained in current environment. Smaller firms are independently run companies or single proprietorships with fewer employees as well as reduced competition than larger businesses. It also focuses on purpose of this report which is to investigate key tactical issues and concerns associated with Business operations. Identifying as well as considering alternative company development goals and objectives in small and medium enterprises is also a goal. This report is based on a catering company by the name Connect which is located in United Kingdom. It has over 200 employees and focuses on providing quality products and services to its consumers. Catering company focuses on making their consumers satisfied by providing products acoording to need and preference of consumers and also focuses on providing products. Catering business is explained as business of providing food products to different types of public meetings or gatherings and also it provides drinks with the food according to need of consumers. This report help in understanding different issues and challenges faced by connect catering company.