Small Business Enterprise INTRODUCTION 1 TASK 11

Small Business Enterprise

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
(a) Profile of selected business...............................................................................................1
(b) Comparing performance in other areas.............................................................................3
TASK 2............................................................................................................................................4
(a) Measures to overcome weaknesses of business................................................................4
(b) Ways to enhance existing performance............................................................................5
(c) New areas of expansion....................................................................................................6
TASK 3............................................................................................................................................8
(a) Existing business plans and objectives.............................................................................8
(b) Reviewing of business plans.............................................................................................9
(c) Action plan......................................................................................................................10
TASK 4............................................................................................................................................1
(a) Impact of change management on the business and its personnel....................................1
(b) How to manage the changes.............................................................................................2
(c) Monitoring the performance.............................................................................................2
CONCLUSION .............................................................................................................................3
REFERENCES................................................................................................................................3
Books and Journal..................................................................................................................3

INTRODUCTION
A business is defined to be an economic activity started to gain profits. A business can be
divided on the basis of scope and size of operations. Small business enterprises are the
organisations that operate their business at a small scale and they are comparatively new in the
market (Abebe, 2014.). The government categorises enterprises on the basis of turnover and
number of employees. The small enterprises are one that have turnover below 6 million euros
and not more than 50 employees. The leading examples of such businesses are bakery, clinic,
small scale manufacturing and parlours. This assignment takes into consideration the profile of
company and its comparison with its rivals for measuring performance.. The assessment of
strengths and weaknesses will be done here in the report. The future plans of company will be
ascertained as well as action plan will be created to implement the same. Changes introduced in
business will be documented and evaluated here as well.
TASK 1
(a) Profile of selected business
 Name of the Business: Mainstage Travel
 Owner structure: Company is owned and managed by Rob Tominey and Aden lewin.
15% of the equity in company is owned by venture (Dragon) investor Piers linney. He
had invested 100,000 euros for the 15% of ownership in the company.
 History and background: This enterprise was formed by two young entrepreneurs back
in the year 2011 ( Acs and et al., 2013). It mainly organise tours and concerts for the
young generation. In 2013, the young entrepreneurs entered Den dragon looking for
venture capital. They chose Piers Linney to come on board with finance and his
technological expertise. This venture have not experience a bad phase since its inception.
This venture have received 2nd highest capital on the show since 2007. The capital was
offered to them by all the venture capitalist and entrepreneurs preferred Linney due to his
credibility and knowledge in technological areas.
 Activities: Company organises tours. The tours are designed for young generation. Along
with organising tours, enterprise also organises concerts in various parts of the world.
Magaluf and Snowboxx are the two famous festivals initiated by this company and ranks