Caffe Finix - A Small Business Enterprise
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Added on 2020-09-08
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Small Business Enterprise INTRODUCTION 1 TASK 11 1.1 Overview of Caffe Finix and their strengths and weaknesses. 5 2.3 Different segments where they can expand their business operations.6 TASK 38 3.1 AssesSBEnt of the current business missions.8 3.2 Revision of the business plan to implement changes. TASK 1 1 1.1 Overview of Caffe Finix and their strengths and weaknesses.
Caffe Finix - A Small Business Enterprise
Added on 2020-09-08
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Overview of Caffe Finix and their strengths and weaknesses..............................................11.2 Analysis of performance of the business by utilising various measures...............................2TASK 2............................................................................................................................................42.1 Methods which has to be utilised for overcoming the weaknesses.......................................42.2 Ways to keep the existing strengths and performance..........................................................52.3 Different segments where they can expand their business operations..................................6TASK 3............................................................................................................................................83.1 AssesSBEnt of the current business missions.......................................................................83.2 Revision of the business plan to implement changes............................................................83.3 Plan for executing the changes mentioned above.................................................................9TASK 4............................................................................................................................................94.1 Impact of the suggested modification on the business and its members. .............................94.2 Managing the changes in the business................................................................................104.3 Evaluation of improvement in the performance of the SBE over a period of time............11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................12
INTRODUCTIONBusiness enterprise are the small firms whose ownership are with the normal people andthere operations are limited to certain extent. SBE have good image in the market that theyintroduce the concepts which has innovation and creativity, the reason behind this is the increasein the competition at this level. They contribute a large share in the growth and development ofthe economic and on the other hand also employees a large number of individuals. The nationalgovernment of UK are very well aware about the importance of growing SBE and theycontinuously support them through some or other policy (Mundial, 2013). In UK SBE refers tothe organisation who has turnover less than £25m and the employees number restricting to 250only. Analysing the data of SBE it can be stated that there are approximately 15 million SBEwith turnover £1.8 trillion. UK government is paving the path for the SBE to expand theirbusiness thus increasing their productivity (Giaoutzi, Nijkamp and Storey, 2016). The wholereport will be highlighting the importance SBE through taking the case scenario of Caffe Finix. Itwill be brief on the expansion plan of the venture through different strategies and management ofthe business activities. TASK 11.1 Overview of Caffe Finix and their strengths and weaknesses.Caffe Finix is a SBE venture who has coffee shop in the city of Stratford which is locatedin the east of London. It was the year in 2009 when the organisation came into existence andright from starting day to present day it has made its importance in the hearts of the coffeelovers. The individuals who are searching for the place where they can sit and hang out with thefriends with a coffee then there search might end at the peace environment of Caffe Finix. Thisplace is not restricted to this only as other than this they have give the customer the choice ofreading a good collection of books. Their shop is expanded in the area of 150 square foot and forwhole operation 8 individuals has been employed. Peter Scott, who is the owner of the shop islooking forward to expand their business in different areas of the country. Other than coffee theirmenu also includes different tea and breakfast items. If they wants to gain knowledge about theirstrength and weaknesses it is necessary for them to conduct a SWOT analysis (Goss, 2015). Withthis they will find it easier to make any decision concerned with their business thus focusing on1
bringing efficiency and increasing the profit margins. Following are the strengths andweaknesses of Caffe Finix:-Strengths:- These can be called as the compensation of the organisation or thecapabilities of handling certain specific areas or operations. With the strengths organisation cangain competitive edge over their rivals who are also trading in the same segment. Each firmexisting in the business environment has some or other strengths which makes them unique andcreative in the market. For example; Pepsi has been known for their brand value thus givingthem an advantage and on the other hand Microsoft is the company who is famous for theirinnovations in their software or any other products (Cavusgil and et. al., 2014). They are knownfor their quality services and has build a good reputation in the market among the customers. Thebenefit with them is that their shop quite near to the Stratford college which gives them thembenefits of attracting the students of the college. They deliver good quality and fresh coffee andfood items. Each year they are experiencing hike in the turnover which is a positive sign for thebusiness. Weakness:- It can be called as the inability of the organisation or the limitations whichprevents them from expanding their business operations (Storey, 2016). Those factors which arepart of this hampers the day to day business operations of the firm. As a business consultant it isthe responsibility to gain knowledge about the areas where Caffe Finix is facing the difficulty.Following are the weaknesses of stated business venture:-Some of their coffee brands are not much popular among the people;Due to high rent of shop and the area they are facing difficulty in business;They don't have proper staffing management as they are able to retail the staff. 1.2 Analysis of performance of the business by utilising various measures.The current status of the company can be known through the process of performancemanagement program. In this an evaluation of the organisation with their competitors which is aform of comparison between them (Schaper and et. al., 2014). The factors which will beconsidered in this is the performance of the employees, sales, production, consumer services andetc. are some of them. Below mentioned are the areas which can be analysed for this purpose:-Sales:- This gives the clear picture of the profits and losses the organisation like CaffeFinix is facing. The sales report can be checked on different time period from monthly toquarterly. With the help of this they can also see improvement in this consumer service, quality2
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