logo

Report on Small Business Enterprise - Posh Nosh

   

Added on  2020-06-06

14 Pages5425 Words44 Views
SMALL BUSINESSENTERPRISE

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different strength and weakness of small business enterprise.........................................11.2.Evaluation of business Posh Nosh using comparative measures of performance............3TASK 2............................................................................................................................................42.1 Different ways by which Posh Nosh can reduce their weaknesses..................................42.2 Ways by which Posh Nosh current performance can be improved and strengthen.........52.3 New areas where business can expand themselves..........................................................6TASK 3............................................................................................................................................63.1 Assessment of existing business objectives and plans.....................................................63.2 Make business plans to incorporate appropriate changes.................................................73.3 Action Plan in order to implement changes in the venture..............................................8TASK 4............................................................................................................................................94.1 Impact of changes on Posh Nosh......................................................................................94.2 How change can be managed by the venture...................................................................94.3 Monitor improvements in the performance of the business over a giventimescale...........................................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONSmall business enterprise is the venture which serve employment to the small number ofthe people, in simple words it can be said that small business enterprise is the organisation wherethe size and structure of the firm is very small and people are employed at smaller scale. Withthat they do not have small number of sales and profit. It is being generally owned by the privatepeople such as sole proprietorships, partnerships and co-operation. These enterprises do not havelarge budget to invest, thus their profit and sales margin is also less. It plays very important rolefor economy, as it enhance national income of the country. Local people can get several benefitsfrom the small business enterprise, as they can get employment and can earn minimum wages.Posh Nosh is the small business enterprise who deals in the several products such as food,catering and drinks. This venture is famous for serving world's class quality and tasty street foodas well as it is also registered in the Wales and England. With that they also organise differentevent for different occasion, thus they also deal in event management. The project reportincludes their objective and systematic plan for business. Other than that report also includesimpact of current changes in the business and how it has impact over the Posh Nosh. TASK 11.1 Different strength and weakness of small business enterprise.Posh Nosh is the small venture, which is trying to expand their business gradually byexpanding their street food. This helps them to cater the needs and wants of target markettherefore, they can be successful in expanding their business. While implementing this businessstrategy, they face lots of problems as well as they are finding lots of opportunities in order toexpand their business in different areas. The different strength and weakness have beenidentified. Posh Nosh produces very high quality and delicious food for the customers so thatthey can create awareness about different varieties of the products. With over two decades ofexperience in the catering industry, cited venture is at the forefront of special occasion and eventcatering in Devon and the west country (Blackburn, 2013). They have been serving world's classcuisine with outstanding levels of the services (Small-Scale Enterprise. 2014). The key objectiveof the venture is to serve high quality products and services so that their customers havemaximum level of satisfaction. Now the venture is going to expand their business by expandingtheir shop and stalls so that they can serve more delicious foods to large target market. Thedifferent strength and weakness they face while expanding their business are as follows:1

StrengthsPrice: The venture serves delicious food at affordable prices where every person can afford theirany kind of products. As the venture serve street food so that have their shop at street so theyexpenditure are very less. Therefore, this is the reason they are able to serve different variety ofproducts at affordable prices. The customers also like to purchase goods and services ataffordable prices which is good sign for the venture. It states that price the good strength for theorganisation so that they can satisfy their target market. It charges affordable price for foods andalso delivers high quality of food to its customers (Bridge and O'Neill, 2012).Product quality: Combination of utility and product at maximum level is the utmost qualitywhich helps the organisation to attract large number of target market towards the better quality.If the person is feeling hungry and Posh Nosh come in their mind when they thinking for foods,then this can be very powerful strength that they haven in their brand. The events they organisefor their clients give customers a feeling of high profile and special since these events are reallyoutstanding. This is another major strength of the venture that helps them to expand theirbusiness. Supply chain management: As the demand changes supply also changes and it is very easy forthe small scale entrepreneurial to adjust that sales and earn profit. Post Nosh always producestheir products and services by considering their demand for the products, this strategy helpsthem to keep balance between their demand and supply (Di Domenico and Miller, 2012). This isalso another strength of the venture which serve them to have competitive edge and helps themto expand their business n different locations. Proper supervision: In small scale enterprise, workforce is limited. Thus, it states that peoplewho work in small scale enterprise have small organisation structure (Small Business EligibilityRequirements. 2012). This it is easy for the top-level management to manage their worker bykeeping proper eye or supervision on them. This helps the venture to identify the needs andwants of the workers in order to motivate them to cater needs and wants of the customers. Small capital and small risk: Small business entrepreneurial do not require large capital toinvest in market. Thus, they have very small risk. It is being analysed that venture that havesmall size have small risk to wind up. If they are not earning high profits, it does not bother themrather they care for customers satisfaction (Eid and El-Gohary, 2013). 2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Small Business Enterprise Report : Posh Nosh
|15
|4520
|40

Small Business Enterprise : Posh Nosh
|14
|4463
|58

Small Business Enterprise - Posh Nosh
|15
|4962
|45

TASK 11 1.1 Strengths and weaknesses of small business enterprise
|15
|5303
|403

Small Business Enterprise
|11
|2793
|357

Human Resource Management : Posh Nosh Limited
|15
|6026
|42