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Small Business Enterprise Report : Posh Nosh

   

Added on  2020-07-23

15 Pages4520 Words40 Views
Small Business Enterprise

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Identify strengths and weakness of small business enterprise..............................................31.2.Analysis of business using comparative measures of performance......................................5TASK 2............................................................................................................................................52.1.Identify ways to overcome weakness of business.................................................................52.2.Existing performance can be strengthened...........................................................................62.3.Areas where business can be expanded................................................................................7TASK 3............................................................................................................................................83.1.Assessment of existing business objectives and plans..........................................................83.2.Make business plans to incorporate appropriate changes. ...................................................83.3.Makes plain of action and also to implementing changes....................................................9TASK 4..........................................................................................................................................104.1Changes impact on business and personnel ........................................................................104.2.Changes be managed in business........................................................................................114.3.Monitor improvement in business in certain period...........................................................12CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14

INTRODUCTIONSmall business enterprise is a business those provides facilities and chance to a local peopleand they have medium number of employees . It can through they generate normal profit . Thisis little business and have limited budget of expenditure and not fix sales of product. Smallbusiness enterprise is very important business which assist in improving the national income andeconomy. Local people can beneficial by this small business by which they can get employment.These are privately owned and have sole proprietorships or partnerships. Posh Nosh is a smallscale business enterprise which deals with various products like food, drinks and cateringbusiness. This company is registered in Wales and England and it is famous for providing worldclass street food. They also deal in event management. In the following report, a systematicbusiness plan and its business objective has been addressed with respect of Posh Nosh. Inaddition to this, the impact of the proposed changes on the business and its personnel has alsobeen discussed in this assignment.TASK 11.1 Identify strengths and weakness of small business enterprise.Posh Nosh is a small business enterprise and is expanding slowly. During this process alot of problems arise and also benefits are present. Here, research over strengths and weaknessesof this company has been done. Posh Nosh produces the high quality of foods for its customers.With over two decades of experience in the catering industry, cited venture is at the forefront ofspecial occasion and event catering in Devon and the west country. It is committed to deliver thefirst class cuisine with outstanding levels of the services. The major objective of cited venture isto satisfy the customers needs by deliver the high quality of food and services. Now, company isthinking to expand its business along with other delicious food services. It has following strengthand weakness which affect its operation-Strengths1.Cost : This organization perform under customer budget they easily afford their food andservices. Their pricing police is remarkable level and satisfy consumer better . Every customerwant they gee price in cheap rate and quality is good so this company is work on providingreasonable rate food. It is one of the strong strength of the cited venture because its food price is

low as compare to the other food business. It charges affordable price for the product and alsodelivers high quality of food to its customers2.Quality : In this generation every person is believing in they quality do the utilise this productand attract to customers,. Posh Nosh company is also have good taste and they easily satisfyconsumers . They organise such kind of qualities those give feeling high profile and arrangingsome spacial events. (Ratten, 2014).This is another major strength of the cited venture as itproduced the high quality of food products.3.Close supervision, small capital, management is easy :As Posh Nosh is small businessenterprise which have very fewer numbers of employees so it effectively manages the employeesand their activities. It can be said that cited venture, there is very close supervision.4.Supply is controlled : changes in demand then according to demand adjust supply thenincrease profitably in small business. Posh Nosh always considers the supply according to thedemand of food products in the market. It effectively distributes the food product according tothe needs of customers.Weakness1 Lack of promotion and advertisement- : This is one of the major weakness of the Posh Noshcompany because it has lack of promotion and advertisement activities. Due to this, its brandname is not as much popular as other companies like KFC, McDonald etc. Posh Nosh reallyneeds to work on marketing and it should improve its promotional and marketing activities. Withassistance of this, cited venture can able to improve its popularity and it can able to design itsown image in the market.2.Competition :This is very huge weakness of Posh Nosh company as it is small businessenterprise which deals with food product. However, in the market there are already very big andfamous food retailer available. Therefore, It becomes really tough to fight with competitors forPosh Nosh company.(Ratten, 2014).3.Production cost : Owner of this business is become relatively ostler expenditure. Like highlabour cost it can through increase cost of production. (Gronum and et. al 2012).In order toproduce the high quality of food products, company requires investing the money because highquality food production cost is high as compare to the other. Furthermore, labour and technologycost also increased the overall expenses of the company.

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