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Small Business Enterprise INTRODUCTION 1 TASK 11

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Added on  2020-10-04

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Small Business Enterprise INTRODUCTION 1 TASK 11 1.1 Profile of business and its weaknesses & strengths1 1.2 Business analysis with the help of comparative measures4 TASK 26 2.1 Recommendations to overcome weakness 6 2.2 Ways through which existing performance can be strengthened and maintained 6 2.3 Recommendation for expansion of business in new areas 7 TASK 38 3.1 Assessment of plans and business objectives 8 3.2 Revision of business plan to make changes10 3.3 Action plan for executing changes11 TASK 412 4.1 Report on the impact of proposed changes

Small Business Enterprise INTRODUCTION 1 TASK 11

   Added on 2020-10-04

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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ...........................................................................................................................................11.1 Profile of business and its weaknesses & strengths..............................................................11.2 Business analysis with the help of comparative measures....................................................4TASK 2............................................................................................................................................62.1 Recommendations to overcome weakness............................................................................62.2 Ways through which existing performance can be strengthened and maintained................62.3 Recommendation for expansion of business in new areas....................................................7TASK 3 ..........................................................................................................................................83.1 Assessment of plans and business objectives........................................................................83.2 Revision of business plan to make changes........................................................................103.3 Action plan for executing changes......................................................................................11TASK 4..........................................................................................................................................124.1 Report on the impact of proposed changes on business......................................................124.2 Plan how the changes will be managed in the business......................................................134.3 Monitor improvements in the performance of the business over a given timescale...........14CONCLUSION..............................................................................................................................14REFERENCES .............................................................................................................................15
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INTRODUCTIONSmall business is being termed as the primary supporting system for the economy of UKand is also defined as the main contributor which assist in driving growth, developing effectiveopportunities of employment and starting of new markets. Playing a role of seedbeds forcreation, small business enterprise's encourage competition in market by providing original ideasregarding business thereby, stimulating the status quo. Business organisation which are small arevery valuable for the United Kingdom and represents around 99.9% of the business and thereforethe government also encourage them to make proper growth (Altman, Sabato and Wilson, 2010).The present report is based on the topic of small business enterprise which will discuss variousconcepts in relation with the micro trades. In order to understand the impact as well asimportance of SBE, The Kitchen is being considered as the case in the report. In this reportdifferent ways with the help of which performance can be maintained, distinct and new areawhere business can make expansion and also the plan and objectives of the business will bediscussed in this report. TASK 11.1 Profile of business and its weaknesses & strengthsOverviewThe Kitchen was got started in the year 2006 in Edinburgh, UK. Its main belief is providenature on the guests plate and it is considered as the passion visualized by Chef Tom Kithin whomake establishment of the restaurant with the partnership of Michaela Kitchin. They providesmodern cuisine of British which is inspired by the French cooking by sourcing some finest aswell as freshest local produce. They make operations in 78, Commercial Quay, Leith, Edinburgh.1
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