Small Business Enterprise TABLE OF CONTENTS INTRODUCTION 1 TASK 11 1.1 Produce profile of the business

SMALL BUSINESS
ENTERPRISE

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Produce profile of the business ............................................................................................1
1.2 Business performance analysis with their competitor ..........................................................2
TASK 2............................................................................................................................................3
2.1 How to overcome weaknesses provide recommendations....................................................3
2.2 Ways to maintain exiting performance.................................................................................4
2.3 New area of business ............................................................................................................5
TASK 3 ...........................................................................................................................................6
3.1 Assessment of exiting business objectives and plan ...........................................................6
3.2 review of business plan and new area of changes................................................................6
3.3 Action plan to implement changes........................................................................................7
TASK 4 ...........................................................................................................................................8
4.1 Impact of proposed changes .................................................................................................8
4.2 Management of changes .......................................................................................................8
4.3 performance of Swing Petrol in over the past two years......................................................9
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Small business organisation demonstrates their operations at very low cost. They are
contributes major part to attain competitive advantages. Economy has various benefits through
operating small business functions (KarataşÖzkan and Chell, 2015). This is because; it enhances
GDP growth of the nation, which results in economic growth. The report is based on Swing
petroleum UK, which is privately owned. They perform functions for Dragon Den shows.
For assessing strength and weaknesses of the business, report covers activities and
operations, which carry for ascertain effective results. Furthermore, it also evaluates financial
performance, which will assist in competing with various organisations. Moreover, it provides
recommendations and strategies to maximise chosen business performance to make successful
operations.
TASK 1
1.1 Produce profile of the business
Business name: The cited firm is Swing petroleum UK, which is privately owned and regulates
functions with various investors. Owner structure: Investors of the business are operates functions and operations that are
maintains profitability and resources at workplace (KarataşÖzkan and Chell, 2015). They
perform functions by providing fund to the company. Hence, it assists in operating
smooth functions and operations. Background/ history: The Swing Petroleum UK incorporated on May, 16 2006. It is a
registered business, which operates functions with developing ideas and opinion. They
provide qualitative products and services that assist to make long term targets and
operations (KarataşÖzkan and Chell, 2015). Location of the company: The chosen firm is located in Hope Cottage, ox, Stroud and
UK. Strengths: The company is specializes their products and services with manufacturing
and distribution of article that make plan at workplace. In addition to this, Swing
petroleum UK provides effective services such as material and wood, etc. Weaknesses: The chosen organisation has limited access to enhance operations and
productivity within the marketplace (Alshamaila, Papagiannidis and Li, 2013). Further,

capital of the business is very low so that they are unable to meet with high revenue and
profits. Low debt level at workplace decline organisation performances. Mission: Swing petroleum UK has mission to target large part of audience. It can be done
when they are offering high quality products and services. At the best value they want to
provide products and services so that they can easily meet with high quality of products
and services (KarataşÖzkan and Chell, 2015). Vision: Swing petroleum has vision to make successful brand and operations in all over
the world with establish new physical and online stores.
 People: Within the company various people are working to achieve goals and objectives.
Jonathan Charles and Katharine Sarah are very important persons who take part to
continuous monitoring on business practices (Brunswicker, and Vanhaverbeke, 2015).
They are successful make operations at workplace.
1.2 Business performance analysis with their competitor
Every business has purpose to operate functions and operations with high investment at
workplace. It will assist to generate high profits and revenue at workplace through operating
functions and operations. With the help of turnover of goods and services, Swing petroleum can
make high competition within the marketplace (Linzalone and Lerro, 2014). Within the market,
Charles Cantrill Ltd. is major competitor of business, which provides different types of products
and services. In order to measure business performances, various ways take place. It will assist to
create profitability at workplace. Therefore, it can determine within the following ways:
Swing petroleum Charles Cantrill Ltd.
Turnover Absolute
changes
Decrease
and
increase
Absolute
changes
Increase
and
decrease
2011 2450 - 2300 - -
2012 2700 250 11.11% 2540 240 11.43%
2013 3060 360 14.40% 2680 140 5.98%
2014 3500 440 15.38% 2650 970 39.11%