Strengths and Weakness of Mainstage Travel - Report
Added on 2020-09-03
15 Pages4647 Words251 Views
Small Business Enterprise
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3(a) Analysis of strengths and weaknesses..............................................................................3(b) Comparing performance in other areas.............................................................................4TASK 2............................................................................................................................................7(a) Measures to overcome weaknesses of business................................................................7(b) Ways to enhance existing performance............................................................................7(c) New areas of expansion....................................................................................................8TASK 3............................................................................................................................................9(a) Existing business plans and objectives.............................................................................9(b) Reviewing of business plans...........................................................................................10(c) Action plan......................................................................................................................11TASK 4..........................................................................................................................................12(a) Impact of change management on the business and its personnel..................................12(b) Measures to manage changes..........................................................................................13(c) Monitoring the performance...........................................................................................13CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
INTRODUCTIONSmall business organisations are the major system of support to economy of UnitedKingdom which are the main market growth drivers, and fillers of employment opportunities.SBE is the diversity clarification level of an organisation which are often issued by the state oflocal government. After the period of Brexit, UK government has rendered the developmentopportunities to small business organisation as the country has felt unemployment issues. Thisreport will analyse strengths and weakness of Mainstage Travel along with the businessperformance of he organisation (Abebe, 2014). It will also assess goals and objectives of firmthat is being flourish to evolve. This will light over the methods which can aid in structuringprocedure along with several issues and conflicts in enterprise. TASK 1(a) Analysis of strengths and weaknessesThe small business enterprise refer to the organisation of business that has been less thanturnover of 10million and employee less than 50 worker staff. On the basis of this, theorganisation which has been discussed in report is discussing the Mainstage Travel. Here aredescribed details of organisation as below: Business Organisation Name: Mainstage TravelStructure of Owner: The company is owned or controlled by Aden Lewin and RobTominey. Major part of equity i.e. 15% in organization which is owned through PiersLinney venture of Dragon as investor. Piers has invested more than 100, 000 Euros withmore 15% ownership of firm. Background and History: The organisation was introduced through two mainentrepreneur since 2011. This majorly coordinate concerts and tours for the youngergenerations (Barber, Metcalfe and Porteous, 2016). Through using the Dragon Den forbusiness launch, young entrepreneur are introduced in Den Dragon for seeking venturecapital. The enterprise has choose Piers Linney as their technological expertise alongwith finance broad. Since the inception, the venture has not been going through worsephase. It has been announced as the 2nd highest capital earning firm on 2007' show. Onthe basis of their credibility, the capital was offered to the organisation in order to meetthe higher capitalist ventures and entrepreneurs. 3
Activities: The tours of company are maintained for the young generation along with thecoordinate the concepts in various world's part. It has been enlisted as Snowboxx andMagaluf are two popular festivals, ranked on the second position in ski Festivals in whichbudgets are planned according to friendly cost. Business Location: It can be carried out in UK, which headquarter is situated in London. Details of contact:infor@mainstagetravel.co.ukStrengths and WeaknessStrengthsWeaknessCompany has strong market presence. The organisation is renowned amongthe younger generations. The company offers various budgetfriendly and exotic packages. It has huge amount of profitability inbusiness. Special products such as Ski festival(Snowboxx).The market is suffering the cost waramong the competitors or sellers ofservice. Higher competition presences.The season market limits the growth ofcompany. This has exclusivity in products to acertain age group consumer. (b) Comparing performance in other areasThe Mainstage travel brought up a strong presence of market and creating a specificprofitability level. The recent market situation is better but this is dynamic for monitoring it anorganisation need to manage the performance of Mainstage in order to handle the outcome offuture (Blenker and et. al., 2012). Through measuring and performing the activities, companycan measure their own success. Several tools of finance would be utilised for this purpose suchas loss and benefits account, Balance sheet, analysis of ration etc. these document or financialrecords signifies the losses and profitability incurred through organisation for policies andmeasures adoption.4
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