Report On Swing Patrol UK Limited- Business Objectives & Plans

Added on -2020-02-05

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Small Business Enterprises
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TABLE OF CONTENTS
INTRODUCTION ...............................................................................................................................3
TASK 1.................................................................................................................................................3
AC1.1 Profile of the organisation...................................................................................................3
AC 1.2 Comparative analysis of financial performance of Swing patrol and Opus recruitment
solutions...........................................................................................................................................4
TASK 2.................................................................................................................................................5
AC 2.1 Recommendations to overcome weaknesses.......................................................................5
AC 2.2 Ways to maintain and strengthen existing performance......................................................6
AC 2.3 New areas of expansion.......................................................................................................7
TASK 3.................................................................................................................................................8
AC 3.1 Assessment on existing business objectives and plans........................................................8
AC 3.2 Review of business plan and suggestions for changes to be made.....................................9
AC3.3 Action plan to implement changes.......................................................................................9
TASK 4...............................................................................................................................................10
4.1 Managing the impact of proposed changes..............................................................................10
4.2 Plan for changes ......................................................................................................................10
4.3 Improvement in the performance.............................................................................................11
Conclusion..........................................................................................................................................13
REFERENCES...................................................................................................................................13
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INTRODUCTION
“Being a small business owner can feel like a never ending race”.Small business enterprise
are privately owned corporations, partnerships or sole proprietorships which have very less
employees and less annual revenue than a regular sized business organisation. The legal definition
of a small scale enterprise differs by industry and nation (Bridge and O'Neill, 2012). A few
examples of small scale business consists a flea market, shopping mall booth, a consultancy repair
shop. These businesses typically consists of one owner and his shop. They sell their products and
services supplied by a franchise company or manufactured by the owner himself. This type of
business is flexible i.e. the owner can generally set hours at any time to accommodate customers.
These businesses have low start up costs and relies on the specific business model and what
products orc services are being sold (Schaper Volery Weber and Lewis, 2010). Small scale
businesses which provide consultancy services, like tax preparation or nutritional services, also
have very low overhead costs. This report is prepared on a small business enterprise Swing patrol
which is one of the most successful business firm from the dragon series. Dragon series is a reality
television format which feature entrepreneurs pitching their business ideas for securing investment
finance from a panel of venture capitalists. The report is going to cover profile of the company and
assessment on the current business objectives and plans.
TASK 1
AC1.1 Profile of the organisation
The company name is Swing Patrol UK limited which offers corporate entertainment such
as office parties, award ceremonies, product launches etc. The company provides a wide a range of
packages to help the customers in creating unique corporate events to wow them. They offer options
like interactive dance classes to break the ice, high flying performances and vintage DJs to bring he
sounds of the era. It was started in 2014 in Ermine Mews, Laburnum St, London E2 8BF, UK and
has flat organisational structure. This means that operatives can access and communicate with
managers very easily and speedily. This depends on workers taking more responsibility for decision
making. It helps in creating a motivated workforce (Burns, 2010). This king of structure is mostly
adopted in start up business or small business enterprise. Strengths of the cited company is that the
ability to be single boss gives more flexibility in work schedule and the opportunity to reach to the
fullest potential. The skills, talents, creativity can be maximised. Very less start up money is
required in the company. Also the firm has low operational costs. A larger percentage of revenue is
converted into profit. In the cited organisation the owner and managers are quite often one and same
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which leads to perfect alignment in decision making process. In this company governance is usually
accumulated in one or two people who are very close to the customers, the operations, and business
environment. The organisation tends to have employees with a broad job descriptions and function
in a less structured environment (Malhotra and Temponi, 2010). With these benefits it has some
weaknesses also like many times it faces difficulty in getting adequate financial resources for
operations. They do not offer fat salaries and provide opportunities and status generally given by
big companies. Th cited firm does not buy raw materials, machinery or supplies as cheaply as a big
enterprise obtain.
AC 1.2 Comparative analysis of financial performance of Swing patrol and Opus recruitment
solutions
Basis of comparison Swing patrol ( 2014) Opus recruitment solutions (2014)
Net worth £ 3 392 £1,005,402.00
Total assets £27 698 £4,955,247.00
Cash £ 3 229 £927,479.00
Total liabilities £24 306 £3,949,845.00
Shareholder funds £3 392 £1005 402
Profit/ loss before tax £0.00 £0.00
Return on capital 0.00% 0.00%
Gearing 25 8.8
Liquidity ratio 1 1.22
Number of employees 0 0
Turnover £0.00 £0.00
Cost of sales £0.00 £0.00
Gross profit £0.00 £0.00
Operating profit £0.00 £0.00
Interest paid £0.00 £0.00
Profit/loss after tax £0.00 £0.00
Dividends payable £0.00 £0.00
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