Report on Small Business Enterprise- Hungry House Holding

Added on -2020-02-17

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SMALL BUSINESSENTERPRISE
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Produce a profile of an organisation.....................................................................................11.2 Carry out an analysis of the business using comparative measures of performance............3TASK 2............................................................................................................................................52.1 Appropriate action to be taken to overcome from the weakness and describe theappropriate justification..............................................................................................................5M1) Recommendations with justification to overcome the weaknesses....................................72.2 Analyse the various ways in that the existing performance of the Company is maintainedand strengthen.............................................................................................................................82.3 Finding out the new areas where the organisation can expand their business....................10TASK 3..........................................................................................................................................113.1 Produce an assessment of existing business objectives and plans......................................11M2) Sources of information in the work...................................................................................123.2 Revise business plan to incorporate appropriate changes...................................................12D1) Improvements while business plans to incorporate appropriate changes..........................143.3 Prepare an action plan to implement the changes...............................................................14M3) Action plan template.........................................................................................................16D2) Approach to research and study for completion of work...................................................16TASK 4..........................................................................................................................................174.1 Report on the impact of the proposed changes on the business and its personnel..............174.2 Plan how the changes will be managed in the business .....................................................18D3) Ideas for business plan.......................................................................................................194.3 Monitor the improvement...................................................................................................19CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21Small-Scale Enterprise. 2014. [Online]. Available through :........................................................22
INDEX OF TABLESTable 1: Business plan for Hungryhouse.......................................................................................12Table 2: Action plan.......................................................................................................................13
ILLUSTRATION INDEXIllustration 1: Hungryhouse position in comparison to Divine Organic Foods...............................4Illustration 2: Essentials of business plan......................................................................................12
INTRODUCTIONIn the food industry there are various small medium-sized enterprise that help them togenerate the revenues and earn more profits. Thus, they contribute towards the economicdevelopment and also increase GDP of the country by increase sales as well as create more jobs.The report in context to the to the hungry house holding limited is that they are highly capable inrecovering the cost that arise at the time of running business that resultant into enhance thecompany sales in consist manner (Schoonjans, 2013). Thus, they should adopt the companyresource enterprise planning software programs through which the managers able to transactingthe with each financial treatments and also able to earn incomes. They can effectively controllingcost whether they are direct or indirect expenses that can be capable in controlling in appropriatemanner that leads to generating more revenues which leads to increase higher profits in futurefinancial timing period.TASK 11.1 Produce a profile of an organisationThe Company Dragons Den has a different firm that obtaining the financial services forthe purpose of expanding business. Thus, from all the organisation that are one firm that areselected that are as described as follows- Company NameThe Hungry holding Ltd is under food industry where theyoperated their business by providing food products in London'sLocal community. Structure of ownerThere are two active main directors within the hungry houseCompany run their business in food industry. The main officeror directors are under this that are described below:The MRONGOVIUS, ALICE LISA: They are the maindirector of the Hungry holding Ltd who are appointedwithin the company on the effectual date on the monthFebruary 1, 2016. He play a greatest role for director andthe another occupation of him is Chief executivedirector. OBTBERG, NIKLAS: They are also one of the main1
director that are appointed within the organisation on theeffective date on the April, 25 2012 (Urban and Naidoo,2012 ). They play their work as a director and also he isa managing director of this particular company are theHungry House limited. Organisation history The Hungry house limited are mainly found in the 2007 yearunder the food industry in the London city. Thereafter, they aremainly incorporated on the month April 7th , 2007. They deliverthe food products and offer a better quality of services in theparticular target segment for the purpose of increasing profits. Business activitiesThe most important activities of the company is that theydeliver a foods products or services by the modern technologysuch as social media to the customers.Firm locationThe Hungry house holding are the London based firm an thereLocation are as described below-Blue Dot consulting limited, Chester House Fulham Green, atthe 81/83 Fulham high street, London, SW6 3JA. Hungry house holding Strength and weaknessesStrengthen:They offer the nutritional and hygienic food products to the targeted customers of theLondon market. They have a capability and ability to effectively able to recover the starting expenses andcost (Rocha, 2012). They have strong brand image and goodwill in the minds of customers in themarketplace. There are various types of unique food dishes that are able to retain and attract the severalnumbers of consumers from the target marketplace. Weaknesses:2

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