Small Business Enterprise Introduction Introduction 1 TASK 11

SMALL BUSINESS
ENTERPRISE

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Profile of small business with its strengths and weaknesses.................................................1
1.2 Business analysis with the help of using comparative measure............................................3
TASK 2............................................................................................................................................5
2.1 Actions to overcome weaknesses..........................................................................................5
2.2 Analyse the ways through which company can maintain their existing performance..........5
2.3 Recommendation for new areas for business expansion.......................................................6
TASK 3............................................................................................................................................8
3.1 Assessment for existing business plan and objective............................................................8
3.2 Revise business plan to incorporate changes........................................................................9
3.3 Action plan to implement changes......................................................................................10
TASK 4..........................................................................................................................................11
4.1 Impact of the changes on business and its personnel..........................................................11
4.2 Plan for managed changes...................................................................................................12
4.3 Monitor performance in providing time scale.....................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

INTRODUCTION
Economy of any country is a mixture of various number of business enterprises. Out of
them only small entities help in making any local region economy better. With assistance of this ,
a major concept is carrying out which is termed as small business enterprises. These business
segments plays an important role in generating more and more job opportunities and leads to aid
in generate more and more wealth so that many communities become able to make their living
easy (Altman, Sabato and Wilson, 2010). In this assignment, concept of small business is defined
with help of taking an example of Caffe Finix which is a local and small coffee shop business in
UK. In this investigation a valid conclusion get drawn by identifying strength and weakness of
small business with help of cited example context. Moreover, comparative measure of
performance also includes in this file. Along with that also major ways are discussed through
which existing performance can be strengthened. Further , a business have to revise their plans
on time so that an organisation can easily deal with all changes in an appropriate manner. Also,
several other things are evaluate in this assignment which signifies about the impact of change
management.
TASK 1
1.1 Profile of small business with its strengths and weaknesses
Small businesses have very limited area of operation and it employs small number of
employees in their business. Caffe Finix is local SBE in UK that offers various services to user.
This company provides finest quality coffee and other ancillary services to people. They have
focus on quality measures and pricing strategy so that they can attract people toward their offers.
This firm is very famous among people due to its quality services.
The owner of this corporate started this business with very limited fund but now it is
increasing on high level (Harris and Patten, 2014). They offers coffee, tea, breakfast and other
food items. This organisation is famous for local coffee addicts and this place is best suited to
friends and family due to its environment.
SWOT analysis
This is best way to formulate strategy according to capacity of business. It stands for
Strength, weakness, opportunity and threats. This is used by organization so that they can
identify its strength and weakness that provides assistance to make improvements.
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