This presentation provides an overview of small business development and focuses on the case study of Mamma's restaurant in the UK. It covers topics such as company overview, industry and market analysis, marketing plan, company structure, product and service development, and financial projection.
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Small Business Development
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Table of Content •Introduction Company overview Industry and market analysis Marketing plan Company structure/management team Product and service development and operation plan Financial projection •References
Introduction Small business development is an independent authority where one or two individual control and manage all business activities and functions. The report is based on Mamma's restaurant which is small in size and it is situated in United Kingdom.
Company Overview Mamma's restaurant is small restaurant which is based in UK and they provide various types of tasty and delicious to its customers. As a manager I mainly gives high quality based products and services to their guest. Food services waiters work in commercial sector and offer customers needed food items.
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Industry And Market Analysis Market analysis is form of qualitative and quantitative assessment of market. This helps me in demonstrate the actual position of firm in the large market place. For doing market analysis, it is necessary for my company is to find out desired customer who willing to consume their products.
Contd.. There are various factors for doing effective market and industry analysis that are as under: SWOT analysis PESTLE analysis Porters five force model
Marketing Plan Mamma'srestaurant make effective marketing strategy by which they easily attracts large number of customers whether it is domestic as well as international. For developing effective policies and strategies, I need to take my restaurant which will easy take top position in the large market place.
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Company Structure/Management Team Mamma's is small restaurant where one manager, assistant manager and CEO including me who manage and control all functions of business inpropermanner.Allthosepersonwhohaveresponsiblefor managing their business operations they have major roles and duty is to gain attention of large number of customers by making effective policies and strategies.
Product And Service Development And Operation Plan Mamma's provide and serve different type of products and services to their customers. It is totally differ from their rivals commodities which are offer to their guest. As a manager, I require to provide high quality based food items and services, reasonable price, cheap rate, tasty and delicious which attract more customers towards their unique products.
Financial Projection It is termed as estimating future income and expenses of the firm. This will help me in analysing and examining the previous and current data of external and internal environmental factors.
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Profit & Loss A/C Year201820192020 Revenue10000 0 20000 0 200000 Cost of sales10000500030000 Gross profit9000019500 0 170000 Gross profit margin (%)90.0%97.5%85.0% Expenses/overheads Premises (rent, rates)10002000200 Power (light, heat, electricity, gas) 200030005200 Telephone200200200 Insurance300010001000 Postage and carriage200100004000
Contd.. Advertising100120005500 Interest and bank charges payable100100006600 Stationery200200002200 Drawings, wages or salaries500500005000 Equipment hire200060008000 Motor expenses60050008000 Accountancy fees20040007000 Legal/professional fees20040007000 Depreciation5004107000 Other specific expenses20002137000 Other specific expenses3001208000 Total expenses/overheads131001279438800 Net profit7690067057161200 Net profit margin76.9%33.5%80.6%
Cash Flow Statement CASH IN HAND AT BEGINNING OF PERIOD 201820192020 020185 9 284959 CASH IN10000 00 20000 0 300000 Cash sales200002000030000 Directors loans5000010000500 Share capital investment5000010000900 Other external finance/loans800005000010000 Other specific cash inflow800006000010000 7000090000800 TOTAL CASH RECEIPTS28000 0 15000 0 51400 CASH PAID OUT20000 0 3000060000 Premises (rent, rates)50060003000
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Contd.. Telephone10060002000 Insurance20030006000 Postage and carriage50020006000 Interest and bank charges payable40020004000 Stationery40010008000 Drawings, wages or salaries700010007000 Equipment hire700020004000 Motor expenses750022004100 Accountancy fees450011004100 Legal/professional fees412011004100 Depreciation452133002200 Other specific expenses4520550022200 Other specific expenses785054002200 OPERATING EXPENSES SUBTOTAL496114760080900
Contd.. Bad-debt provision12303200450 Plant and other capital expenditure11003200520 Loan and financing repayments210052008000 Repayment of directors loans21000520080000 Other specific financing payments3100250078500 TOTAL CASH PAID OUT78141669001200 NET CASHFLOW FOR PERIOD20185 9 8310050200 CASH BALANCE20185 9 28495 9 335159
CONCLUSION From the above presentation it can be concluded that small business development is an independent authority where one or two individual control and manage all business activities and functions. Mamma's restaurant is small restaurant which is based in UK and they provide various types of tasty and delicious to its customers.
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REFERENCES Bridge,S.andO'Neill,K.,2012.Understandingenterprise: entrepreneurship and small business. Palgrave Macmillan. Schaper, M. T. and et. al., 2014.Entrepreneurship and small business. Storey, D. J., 2016.Understanding the small business sector. Routledge.