Managing Small and Medium Sized Enterprise

Managing Small
and Medium Sized
Enterprise

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................4
The nature of the entrepreneur behind the venture......................................................................4
The SME start-up processes........................................................................................................4
The business concept and any sources of competitive advantage...............................................5
The current level of demand and the competitive environment..................................................6
The growth and development of the business to date..................................................................6
The challenges of managing and running the business SMEs current growth and development
strategy.........................................................................................................................................7
Any government support measures that may be available to help the business overcome the
challenges faced...........................................................................................................................8
CONCLUSION................................................................................................................................9
RECOMMENDATIONS.................................................................................................................9
REFERENCES..............................................................................................................................12

INTRODUCTION
As per the changing scenario of the market, small & medium enterprises are playing a
prominent part in the development of economical growth rate. It is necessary to pay more
attention on small & medium enterprises and also prepare specific Strategies and planning to
managing small & medium enterprises (Feather, 2018). This kind of enterprises maintains their
workforce, resources, profit margin & also assets. There are many types of businesses which
established on the basis of their size, scale, operations, and purpose. Every kind of businesses
contains their own applicability and also specific motive to show their appearance in the society.
UK government it started various initiative and policies which are provide proper support for the
small and medium enterprises so that they can regulate their operations in a smooth way. The
specific motive of this project is to discuss about Oak Cash & Carry Ltd that established in 2000
in Banbury, UK. This enterprise is belong from the food wholesale industry and also providing
best product and services to their potential customers. In this enterprise, the total more than 54
manpower are performed their task in an effective manner and provide their effective
contribution to generate almost 5.13 million dollars by their sales. This enterprise is mainly
offering groceries products and also deals with the wholesalers. Nicholas John Dale is the owner
of this firm who started this business with their innovative ideas and also specific vision and
mission and also works continuously to achieve their business objectives successfully. But
sometimes, Nicholas John Dale also experiences some adverse situation which affects their
operations and productivity of the firm. Some specific key challenges are recently being
experienced by the firm which also creates some risk factor and also so give negative impact on
their productivity level. Some specific key challenges which are experienced such as improper
financial resources, lack of high skilled employees, inappropriate organizational function.
This report will cover all the challenges which create problems in the working this small
enterprise and also discuss about some appropriate government policies which are we officially
to support these kind of enterprises who are facing various issues and challenges in term of their
working. Apart from this, various contemporary issues in context of small & medium enterprises
and how government policies and procedures were helpful to overcome these challenges and
issues are also determining. Few methods that is beneficial for the growth and development of
various financial resources for the small & medium enterprises. Furthermore, this report discuss

about various findings which are beneficial to provide some recommendations and also frame a
proper outcome of the project.
MAIN BODY
The nature of the entrepreneur behind the venture
Entrepreneur is basically a person who makes new business and has boldness to face
challenges and appreciate prizes also. Entrepreneur of the business has to take various risks to
achieve the goals of the business in the marketplace so that profitability of the business can be
increased in the business (Feather, 2018). Entrepreneur are also known as the innovator as they
present new ideas in the business so that growth chances of the business can be increased and
more profit can be earned in the organisation. They help in planning the strategies in the business
so that goals of the business can be achieved effectively. Entrepreneurship is a thought of
growing new business in the market so that benefit of the business can be expanded and more
can be acquired. Business visionary is a man who bring fostering the new undertaking in market.
Business person is essentially the proprietor of the business which oversee and own the exercises
business. Advancement of new business in the market helps in the development of the economy
by fulfilling the necessities and prerequisite of the business. The business visionary of Oak Cash
and Carry restricted is Nicholas John Dale who expresses the business is a devoted business
person is sufficient propelled to accomplish every single characterized objective and goals with
time-frame just as move others likewise to contribute in business adequately. He is enthusiastic
towards it objectives and think creative plans to achieve these objectives all the more effectively
and appropriately. His dreams are explicit, clear, quantifiable and feasible that he needs to
achieve and have clear techniques to accomplish these destinations and which assets are utilized
in achievement. Business person has sufficient trust in own self and on the separate item and
administrations that is produces by him. Powerful and effective dynamic is the necessary nature
or qualities that empowers business visionary to take fast choices to acquire openings. Every one
of these abilities and qualities are fundamental in business person to play out all hierarchical
errands in characterized way.
The SME start-up processes
There is a characterized strategy that is used by the business visionary to set up small and
medium size business undertakings. There are various resources which are required by the