Small Business Enterprise Essay of Baby Bear
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Added on 2020-07-22
Small Business Enterprise Essay of Baby Bear
Added on 2020-07-22
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SMALL BUSINESSENTERPRISE
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1Profile of small-scale with its weaknesses and strengths ......................................................11.2 Analysis of business using comparative measures of performance......................................3TASK 2............................................................................................................................................42.1 Action plan to overcome weaknesses of Baby Bear ............................................................42.2 Ways to maintain present performance and strengthen .......................................................52.3 Areas where Baby Bear could be expanded..........................................................................6TASK 3............................................................................................................................................73.1 Existing business plan and objectives...................................................................................73.2 Revise business plan to make modification..........................................................................83.3 Action plan to implement changes........................................................................................9TASK 4............................................................................................................................................94.1 Impact of changes on company and its personnel ................................................................94.2 Management of changes in company..................................................................................10CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTION A small business are privately owned organisations, sole proprietorships or partnershipthat have less annual revenue or fewer employees than a regular-sized corporation. Anindependently operated firms, whose owner exercises close monitor over decision andoperations. In this way equity is not public traded and financing of business is personallyguaranteed by the company owner. A small scale workers fewer than 100 employs and hasrevenues of less than $25 million. According to the Federal securities law says small scale as acompany in the Canada and United States that has minimum profits and who’s outstanding publicly-traded inventory less than their revenue. It is very essentials for industry to follow norms of legalauthority to obtain the small business status (Altman, Sabato and Wilson, 2010). This is a bestadvantageous for many enterprises to attain such status because there are several legislations as wellas conditions that do not apply on such organisations. This report is based on Baby Bear; it is thenursery home for the little child's in United Kingdom. This is small business enterprise that givestheir services in link to day care facilities as well as care take for lids from birth onwards. This firmsoffers professional services related to childcare which is beneficial for kid’s improvement. TASK 11.1Profile of small-scale with its weaknesses and strengths Small-business enterprise offers various types of health services to its buyers such aschildren and charge very low amount of price from the user. This is necessary and essentialselements for such organisation to use effective tools and quality measures so that they can givebest services to another. Baby Bear is small entity; it is based on United Kingdom that gives bestservices to kids care from birth onward. Different services are mainly taken by working parents.Cited enterprise opens between 8.30 AM to 7.00 PM in Monday to Friday. This company isclosed only on national as well as bank holiday along with five days at Christmas. They havevarious professional staff members who are skilfulness in this field (Bridge and O'Neill, 2012).
All the necessary facilities and amenities are existing here like if kids suffer from any healthrelated problems then there is treatment facilities. The have various qualities to give goodenvironment for the healthy child's growth. SWOT Analysis It is one of the best approach to determine the Strength, weaknesses, threats andopportunities of the Baby Bear which assist in effective planning. This is necessary as well asessentials for the enterprise to plan their policy and strategy regarding to SWOT so that it cannotimpact them in destructive way. STRENGTH WEAKNESSESStaff members are experienced aswell as trained in child care. Effective management orexperienced in company. Provide better practices throughvarious centres.They have latest and unique babycare methodology.Speedily response on problemswithin giving time. Small overheads. Adaptability to select new changes. They are totally new in market. Poor awareness between the largepopulation.Funds are uncertain during new businessoperations. Poor compliances with state, federallegislation and local. Business running cost is very highincluding food and utilities. Lack of communication and lack ofquality services and food. Poor maintenance of centre because theyhave expensive expenses. OPPORTUNITIESTHREATS Their residential area is rich withhigh population of double incomefacilities. They can give their home deliveryservices to customers.Facility of child care of age below 5provides help to employees as thisway they can work with moreNew generation of aggressive business insimilar are. Shortage of skilled as well as qualifiedmember which output in failure of theirindustry plan.Insufficient supportive employees andstaff members. Workers offer in different house care
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