Small Business and Enterprise Act

This assignment requires you to analyze the Small Business and Enterprise Act 2015 in the UK. Focus on understanding its provisions and how they affect entrepreneurship and small and medium-sized enterprises (SMEs). The analysis should be supported by research from academic journals, reputable online sources, and legal documents related to the act.

Small business enterprise

Table of Contents
INTRODUCTION...........................................................................................................................2
TASK 1............................................................................................................................................3
1.1 Strengths and Weaknesses of Tate Recruitment...................................................................3
1.2 Analyse of the business using comparative measures of the performance...........................4
TASK 2............................................................................................................................................4
2.1 Actions to overcome the identified weaknesses in the business...........................................4
2.2 Ways in which existing process could be maintained and strengthened..............................5
2.3 New areas in which the business could be expanded............................................................6
TASK 3............................................................................................................................................6
3.1 Produced an assessment of existing objectives and plans.....................................................6
3.2 Revise business plans to incorporate appropriate changes...................................................7
3.3 Action plans to implement the changes................................................................................7
TASK 4............................................................................................................................................8
4.1 Impact of the proposed changes on the business and its personnel .....................................8
4.2 Plan how the changes will be managed in the business........................................................9
4.3 Monitor improvements in the performance of the business over a given timescale.............9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Small business are carried out by the private people, corporations, partnerships etc.. In
small-business enterprises there are a limited number of employees. In today's time it is
important to develop the business of small enterprises in their own country and in other countries
also. These firms provides so many facilities such as recruitment, training, consultancy etc...
Here Tate recruitment is a small business enterprises whose aim to recruit the highly
professional people for their organisation. In this report the strength and weaknesses of this firm
has been described and how business performance of the firm can be improved (Malhotra and
Temponi, 2010). If there is any change in the business management operation how this will
impact on the firm.
TASK 1
1.1 Strengths and Weaknesses of Tate Recruitment
The main targets of the firm is to achieve their goals on time. But it is necessary to
conduct the SWOT analysis on which company can improve their weakness and accept the
opportunities to target their plans on times. Tate recruitment is a agency recruitment firm who
provides the training an development programme to the selected employees (Stokes, Wilson and
Wilson, 2010). These training are given by the expertise to develop skills and through this
efficiency of employees will increase. This organisation is having a large number of contract of
large organisation and contract with them to recruit the employees for them. To analyse the
strength and weaknesses of this firm is necessary for the employees and to make the positive
environment.
Strengths –
 This business entity provides goods service quality of recruitment that differentiate from
competitors.
 The employees of this company participate in the management activities.
 Company runs a personal development programme which increase the skills of the
employees and gain more knowledge about the targets of the firm (Gronum, Verreynne
and Kastelle, 2012).
Weaknesses –

 In the organisation lack of management is there. As there are so many departments in the
firm but no coordination is there between them.
 In this enterprise, employees are not retain for a long period of time due to the
unfavourable working environment.
 The companies is not taking the effective decision on time which can implement
properly.
1.2 Analyse of the business using comparative measures of the performance
For the small business enterprises it is necessary to analyse their current performance of
the work with the last year performance (Jones and Rowley, 2011). It helps the organisation to
improve the performance every year which help to maintain the reputation in the market. There
are some comparative measures which helps to improve the performance of business entity:
 Check the progress against the objectives – In this Tate recruitment has to examine their
business plan to hit the targets of the company. It ensures that whether the enterprises is
pursuing the right goals while checking the progress against the objectives.
 Review financial statement – The financial statement of the firm shows that whether they
are having strong financial position in the market or not. The profits of the company are
increasing every year or not. This can be analyse by the cash flow statement, fund flow
statement, profitability ratios etc..
 Establish a good relation with the customers – While establishing a good relation with the
customers Tate recruitment firm will receive a positive or negative feedback about there
quality of services (Altman, Sabato and Wilson, 2010). The positive feedback help the
organisation to increase the areas of services in which these services can be provided.
 Encourage staff feedback – Tate recruitment enterprise should listen to their employees.
It help the firm to gain the different number of ideas from employees for resolving the
problem and hence it can increase the performance level of staff.
TASK 2
2.1 Actions to overcome the identified weaknesses in the business
For Tate recruitment agency, it is important to develop the business but it is also
necessary to have proper knowledge about the weaknesses of the organisation. This firm suffers

a heavy loss due the weaknesses. By identifying a weaknesses it helps the organisation to
overcome with them. There are some ways to overcome with the identified weaknesses:
 Adopt the different strategies of management – There are different strategies of
management like integration strategies, defensive strategies, diversification strategies
etc.. It helps the organisation to maintain a coordination with other departments.
 Employee turnover – The firm should know about the employees that old employees are
replacing with the new employees (Fassin, Rossem and Buelens, 2011). It is good for the
organisation to maintain the management due to leaving the employees.
 Take effective decision on time to implement them – When decisions are taken by the top
management people it should be implement on time to resolve the problems. These
decisions should be effective so that enterprise hit the targets on time.
 Make a proper accounts to identify their financial position in the market and how much
funds are available with the company which help to promote reputation of firm.
2.2 Ways in which existing process could be maintained and strengthened
Tate recruitment firm provides the quality performance of the services which satisfy the
needs of the customers. Customers having a big role to maintain the strong position of the firm in
the market. Below mentioned there are some points in which existing process can be maintained:
 Focus attention on the customer needs – The company should know about the customers
need on time time that what kind of job they want. It will increase customers royalty
towards the work of the business entity.
 Increase marketing and advertisement – While increasing the marketing and
advertisement in those areas also in which these services can be allocated to the people.
The other companies should be aware about this recruitment firm which can increase the
customers (Cowling, Liu and Ledger, 2012).
 Invest in new technology and increase competitiveness – The company should invest the
funds in new technology which help the business to work in more efficiently. Hence, it
helps to stay in the competition in the market.
 Regular checking on the financial statement of the company – In Tate recruitment firm if
there is continuous review on the finance of the enterprises it helps to build a business
success. On the basis of regular check expense will be ensure and planned expenditure
will be done according to the requirements of the employees.

 Build strong relation with customers and other companies – Good relation will help the
company to strengthen the position in the market. Give proper advise to other companies
in relation to the recruitment process (Forsman and Temel, 2011).
2.3 New areas in which the business could be expanded
In today's time it is very significant for the enterprises to expand their business in new
areas. Tate recruitment firm can expand their business in the marketing. It is easy for the
company also to promote the brand position of Tate recruitment. Through marketing so many
customers are attracted and it increase the royalty of clients towards the enterprise. The
organisation can provide the infrastructure facilities to customers which help the firm to generate
a huge profits. In marketing, business entity can adopt the different marketing strategies like
marketing tools of communication, marketing mix etc.. It helps the marketing managers to
provide the recruitment services in those smaller areas also where no radios, television are there
(Jones and Iredale, 2010).
The company can also provide their recruitment services outside the country by adopting the
various alliances like strategic alliances, joint venture etc.. Hence it increase the market share of
the company which directly impact on the stakeholders of the company. Tate recruitment
consultancy firm also take suggestion from the employees that in which areas the firm can
expand the business. However, it will increase the skills of the employees and there will be
improvement in the performance. The firm also take suggestion from expertise to expand the
business in marketing or to provide infrastructure facilities. If the company is doing a regular
research in which area of business can be expand then it will give benefit to easily expand the
business. But these business should satisfy the requirements of the customers.
TASK 3
3.1 Produced an assessment of existing objectives and plans
Tate recruitment consultancy firm set business objectives and plan in order to get the
success. Business entity makes the different plans to establish a objectives and to implement
them properly. For the organisation the objectives of the company is necessary to determine to
gain the future targets (Chittithaworn and et. al., 2011). Some of the objectives are:
 To implement systems and procedures to ensure about the quality of services has been
provided or not.

 To establish where there is a need to recruit the staff.
 To attend the clients or meetings both inside and outside the company or country to
discuss the progress, issues, performance with the concern.
 To provide a best quality of training to employees to develop their skills.
 To motivate the employees and staff, to execute a properly business strategies.
 To increase the profit turnover of the company.
The company is focusing on these objectives to provide better development programme
to employees which can increase skills, knowledge attitudes towards a work (Islam, and et. al.,
2011). If the company will not provide the better environment to their employees then it will
difficult for the firm to compete with their competitors in market place.
3.2 Revise business plans to incorporate appropriate changes
Tate recruitment agency, for the betterment of the organisation it is significant to develop
a business plan. Modern business world, the quality of services are changing day by day. The
objectives of the company should be plan flexible. For the development objectives of the firm the
manager should properly focus on the business strategies. There are some points in which this
enterprises have to take appropriate changes in objectives to achieve the success:
 The time period for objectives should set the deadline that with in half yearly, yearly the
firm have to achieve these objectives.
 The objectives must be specific for firm to increase the profit turnover of the company.
The target should be clear and simple.
 The objectives must be relevant and should be based on the current market position of the
company (Gill and Biger, 2012).
 Before setting the targets Tate recruitment firm should analyse the external environment.
The firm set the objectives according to the capabilities of the staff and can hit the targets
on time.
In order to lead in the market, the firm should provide the best quality of services to their
customers and for that purpose, the relations between the customers must be good.
3.3 Action plans to implement the changes
The mangers of Tate recruitment firm should implement a plan in order to maximize the
profits of the company and other objectives which can be achieve on time. There is a process to
implement the changes in the objectives:

 Identify the task – The top management of the firm should identify the objectives on
which the action to be implement to achieve the objectives.
 Analyse and delegate the task - After analysing the objectives from beginning to end,
allocate the task according to the capabilities of the employee and their skills.
 Double check with SCHEMES – Here the SCHEMES refer as Space, Cash, Helpers,
Equipments, Material, Expertise and System. The objectives should be check according
to these schemes whether the plans have been implement properly (Bridge and O'Neill,
2012).
This process will help the enterprises to implement the changes on the objectives. So staff
and employees can provide the high quality services to the customers. If the changes
implemented on time then it will easy for the company to hit the targets of the firm.
TASK 4
4.1 Impact of the proposed changes on the business and its personnel
It is necessary to analyse the factors which effect on the development of business. So it is
necessary to cop up with the changes in the organisation. The services which are provided by the
firm is providing according to change in customer demand or not. The demand of customers are
changes day by day and which can change the quality service of the firm also. As the time
changes the objectives of the business also changes and condition with the personnel also
changes. However, the impact of the proposed changes on the business and its personnel are as
mentioned:
 If there is change in the price of services then it will impact on the customers needs. As
all clients are not affordable to prefer the best services in high prices (Burns, 2010).
Ultimately there will be decrease in the customers to provide the services.
 It will impact on the organisation also because they will not able to meet with their
expenses which are done by the business entity to generate heavy profits.
 The company will not able to meet with the objectives of the firm on time, if the charges
of services are high.
Hence, the expansion of the business outside the territory also enhance the job and
responsibilities of the personnel in the organisation. The attitude of employees are necessary in
regard to their work and to gain the customer satisfaction.

4.2 Plan how the changes will be managed in the business
Management is the important part for Tate recruitment consultancy firm (Burrows,
2015). The management of business activities helps the organisation to develop the plans in the
competitive market. It ensures that there is security of jobs of the employees if the management
activities are changes. Customers are the key success to run the business in the competitive
market. By providing the proper training and development programme to employees it will have
positive impact. The organisation tries to provide the well quality of service to the clients in the
changing of the management activities also. There are some ways that deals with the change in
the business activities like making new strategies and techniques, comparison of the actual
performance with the goals etc.. (Ackermann and Audretsch, 2013).
4.3 Monitor improvements in the performance of the business over a given timescale
Continuous monitoring the business activities help the organisation to improve the
performance of the employees and staff to targets the customer satisfaction (Small enterprises.
2015). Improving the performance of the staff and employees is a long term benefits. If the
training and development programme are not properly given by the expertise then it will not
good for the organisation. The training and development programme should be given on time
and ensures that there is a continuously monitoring the activities of the business organisation.
Continuously monitoring help the organisation to identify the fraud. If fraud is identified on time
then appropriate actions can be taken on time. The process of improving the performance of the
business should be done in a particular time interval so that performance of the company can be
improved (Business matters. 2017). The time period for monitoring the progress may be on daily
basis, weekly basis or monthly basis. But one time gap of monitoring the performance may
difficult for the company because it creates a burden on departments to coordinate with others.
CONCLUSION
From the above report it can be analyse that Tate recruitment consultancy firm has
identified their weakness and identified the actions to overcome with these weaknesses. It helps
the company to lead in the market. Whenever if there is any change in the objectives of the
company the appropriate actions have been take to implement them properly on time. The
changes which are made by the organisation which could be help for the company to manage the
performance of the employees and staff.

REFERENCES
Books and journals
Malhotra, R. and Temponi, C., 2010. Critical decisions for ERP integration: Small business
issues. International Journal of Information Management. 30(1). pp.28-37.
Gronum, S., Verreynne, M.L. and Kastelle, T., 2012. The role of networks in small and medium‐
sized enterprise innovation and firm performance. Journal of Small Business
Management. 50(2). pp.257-282.

Jones, R. and Rowley, J., 2011. Entrepreneurial marketing in small businesses: A conceptual
exploration. International Small Business Journal. 29(1). pp.25-36.
Altman, E.I., Sabato, G. and Wilson, N., 2010. The value of non-financial information in small
and medium-sized enterprise risk management. The Journal of Credit Risk. 6(2). p.95.
Fassin, Y., Van Rossem, A. and Buelens, M., 2011. Small-business owner-managers’
perceptions of business ethics and CSR-related concepts. Journal of Business ethics.
98(3). pp.425-453.
Cowling, M., Liu, W. and Ledger, A., 2012. Small business financing in the UK before and
during the current financial crisis. International Small Business Journal. 30(7). pp.778-
800.
Jones, B. and Iredale, N., 2010. Enterprise education as pedagogy. Education+ Training. 52(1).
pp.7-19.
Chittithaworn, C., and et. al., 2011. Factors affecting business success of small & medium
enterprises (SMEs) in Thailand. Asian Social Science. 7(5). p.180.
Forsman, H. and Temel, S., 2011. Innovation and business performance in small enterprises: an
enterprise-level analysis. International Journal of Innovation Management. 15(03).
pp.641-665.
Islam, M.A., and et. al., 2011. Effect of entrepreneur and firm characteristics on the business
success of small and medium enterprises (SMEs) in Bangladesh. International Journal
of Business and Management. 6(3). p.289.
Gill, A. and Biger, N., 2012. Barriers to small business growth in Canada.Journal of Small
Business and Enterprise Development. 19(4). pp.656-668.
Bridge, S. and O'Neill, K., 2012. Understanding enterprise: entrepreneurship and small business.
Palgrave Macmillan.
Burns, P., 2010. Entrepreneurship and Small Business: Start-up. Growth and Maturity. Palgrave
Macmillan.
Burrows, R. ed., 2015. Deciphering the Enterprise Culture (Routledge Revivals):
Entrepreneurship, Petty Capitalism and the Restructuring of Britain. Routledge.
Ackermann, S.J. and Audretsch, D.B. Eds., 2013. The economics of small firms: A European
challenge. (Vol. 11). Springer Science & Business Media.

Stokes, D., Wilson, N. and Wilson, N., 2010. Small business management and entrepreneurship.
Cengage Learning EMEA.
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