Small Business Enterprise Report - Mainstage Travel Ltd
Added on -2020-07-22
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SMALL BUSINESSENTERPRISE
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1AC1.1 Profile details of Mainstage travel...................................................................................1AC1.2 Comparison of performance with another company.......................................................3TASK 2............................................................................................................................................4AC2.1 Weaknesses and appropriate actions to overcome weaknesses.......................................4AC2.2 Ways to maintain and strengthen existing performance..................................................5AC2.3 New expansion areas for business...................................................................................6TASK 3............................................................................................................................................6AC3.1 Existing objectives and plans of business........................................................................6AC3.2 Areas where modifications can be made in existing business plan.................................7AC3.3 Modified action plan to implement changes....................................................................7TASK 4............................................................................................................................................8AC4.1 Impacts of changes to business and personnels...............................................................8AC4.2 Plan to manage changes in the business..........................................................................9AC4.3 Improvement in performance over the past two years..................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONSmall business enterprises are businesses where sales volume and number of employeesare not high. Generally form of business organisational structure of theses business is either soleproprietorship of partnership and are privately owned organisations. Such kind of business canbe seen in any country rather than large and medium scale enterprises. The present report isbased on such a small business enterprise. A company taken from the success stories of DragonDen. The report focuses on the business profile and performance of Mainstage travel. Thecompany is a privately owned company that was incorporated in year 2016. It was an outcome ofnew and creative ideas pitched by entrepreneurs in Dragon Den, a reality television show whichbroadcast's on BBC. The report discusses present weaknesses and strengths of business alongwith measures to overcome weaknesses and to maintain current performance of the company.New expansion areas and areas where changes can be made is also a part of this discussion.Further the report also includes impacts of changes to the business and its personnels along withthe improvement in performance of the company in past two years.TASK 1AC1.1 Profile details of Mainstage travelMainstage Travel Ltd is an active company that was incorporated in October 2011. Thefigures of the company were pitched in Dragon Den series 11 in 2014, however, figures are nowabove then those that were pitched in the program (About Mainstage Travel Ltd., 2017). Below isthe profile details of the company:Name : Mainstage travel Ltd.Registered office: 103 Gaunt Street, London, United Kingdom, SE1 6DPCompany status: ActiveIncorporation date: 6th October 2011Company type: Private Limited companyNature of business: Tour operator activitiesPhone Number: 44 84 3289 1
44 84 6728Company official website: mainstagetravel.co.ukKey Personnels: Mr. Rob Tominey (Co founder and managing director)Mr. Aden Levin (Co founder)Number of employees: Less than 10 employeesTurnover : under £2 millionoffers: travel and tourism services to clubbing destinations and ski resortsConfirmation statement: Last statement dated 21 November 2016Next statement date 21 November 2017 due by 5 December 2017Accounts: Last accounts made up to 31 October 2016Next accounts made up to 31 October 2017 due by 31 July 2018Strengths:Travel companies make beneficial deals with airlines that give them benefit of lowbooking prices.Variety of services offered from which customers can chose what they want (Blackburn,Hart and Wainwright, 2013).Launched a new application for hotels i.e. Hotel2020.It provides incredible tours and experiences for holidays and festivals like Snowboxxwhich is a second biggest winter festival of Europe.Weaknesses:2
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