Small Business Enterprise in Beaufort House

Small BusinessEnterprise

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Business Profile of Beaufort House.......................................................................................11.2 Analysis of Business using Comparative Measure of Performance......................................3TASK 2............................................................................................................................................52.1 Activities to Overcome Weaknesses of Beaufort House.......................................................52.2 Methods for Enhancing the Existing Performance of Beaufort Hotel...................................62.3 New Areas for Expanding the Business of Beaufort House..................................................7TASK 3............................................................................................................................................83.1 Existing Business Objective and Plan of the Hotel...............................................................83.2 Revised Business Plan for Beaufort Café..............................................................................83.3 Action Plan for Adopting Business Plan...............................................................................9TASK 4............................................................................................................................................94.1 Impact of Change on Business and Personnel.......................................................................94.2 Management of Change in Beaufort Hotel..........................................................................104.3 Monitoring Improvements for the Performance of Business..............................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13

INTRODUCTIONIt is essential for the company to develop sound plan and tactics so that it can grasp theopportunities in the market and hence can sustain for longer. In preset era, there is significant risein the competition and companies are facing serious issues in terms of high competition, lowprofitability, easy availability of substitute products and other related (Calcagnini and Favaretto,2011). Therefore to address the same, company need to manage their operation by developingappropriate strategy. However, small business needs to face further challenges due tocompetition and high extent of rivalry. Also, small business needs to compete with giantorganization that again increases the complexity further (Lorette, 2011). However, smallbusiness can be referred to an organization that are privately owned or partnership and it does notemploys more than 50 employees. Further, company that having turnover of less that £6.5million is also refereed to small business in the UK (Ricketts, 2002).Since, small business works in a limited area therefore it possess huge scope forexpansion and growth. In order to brief the same, present report has been prepared. For this,Beaufort House has been taken into account which is a bed and breakfast located atKnightsbridge, London. It offers luxury apartments to guest that meet the satisfaction level ofemployees. In this regard, present report focuses on developing new plans for the cited companyso that overall efficiency of the firm can be increased. Further, procedures to implement thoseplan are also considered that aids in attaining revised business objectives in an effectual manner. TASK 11.1 Business Profile of Beaufort HouseBeaufort House is a luxury apartments that offers different types of room from 1 bedroomto 4 bedrooms. It is a boutique hotel that certainly meets with the expectation level of in-houseguest and hence makes them satisfy with pleasant ambiance. It is located at the walking distancefrom prominent places of London such as Harrods department store, Sloane Street,Hyde Parkand Buckingham Palace (Beaufort House, 2015). 1

Figure 1: Beaufort HouseThe hotel offers smoking free premises that meet with the expectation of variedcustomers. To add value in customer experience, it offers facilities like English breakfast, TVarea, free Wi-Fi access, beautiful garden at entrance and other related. The organization hassound and elegant websites that offers convenient to visitors in booking rooms from anywhere inthe world. In this context, following are the strength and weakness of the mentioned hotel:Strength This hotel is located at the center of the city that helps in gaining attention from largenumber of visitors. Prominent places of London i.e. Harrods department store, Sloane Street, Hyde Park andBuckingham Palace and other related are at the walking distance that again act as astrength for the company. It has different types of room option, from single bedroom to 4, that certainly meets theneed of varied visitors It is a boutique hotel that offers quality and attractive ambiance through which needs ofthe customers is met in effectual manner. It has well furnished rooms and bathroom which essentially boost the satisfaction level ofcustomers. Hotel has an online portal that aids in making wireless contact with customers and offersthem an option of booking and paying for room. Free Wi-Fi access act as a strength for the hotel Weakness 2

Small Business Enterprise

Table of Contents
TASK-1............................................................................................................................................3
EXAMINATION.............................................................................................................................3
1. Profile of Small Business along with strength and weakness.................................................3
2. Analysis of small-business measures with use of comparative measures of performance.....3
3. Appropriate actions for overcome from the identified weaknesses in business.....................4
4. Identify and explain the measures in which existing performance is maintained and
strengthened by small-business...................................................................................................4
TASK-2............................................................................................................................................5
REPORT..........................................................................................................................................5
1. Business plan to incorporate the appropriate changes. ..........................................................5
A.) Describe and identify the business plan for the selected business........................................5
B,) Suggest changes for current business plan............................................................................7
2. Action plan for implement changes among organisation........................................................8
3. Impact of proposed changes on the personnel and business.................................................10
B.) Discuss the methods to minimise the negative impact of proposed changes......................11
4. Plan how changes are managed among the business............................................................11
A.) Methods to manage proposed changes...............................................................................11
B.) Methods raised during implementation of proposed changes.............................................12
CONCLUSION ............................................................................................................................12
REFERENCES..............................................................................................................................14

TASK-1
EXAMINATION
1. Profile of Small Business along with strength and weakness
A) Identify and explain of various components of small-business?
Solution- For the small-business there are few and basic, but crucial factors and components
exists in market and all of them perform an important role for maximise the size of an
organisation. Some effective components with it's strength are PRODUCT, MARKET, MONEY
and PEOPLE. In context of offshore yard, this factors aids the business to deliver effective
services by formulating their brand different from others.
B) Importance of SWOT analysis for small-business?
Solution- SWOW model is simple and most effective framework as this aids an organisation to
stand and build those factors in which they are expert. Identify the weak factor for minimise
company related risk. Also, to accomplish those opportunities which provide advantages to
business for achieve high success in market (Bridge and O'Neill, 2017). Strength, weakness,
opportunities and threats are the most important factors of an organisation that leads to decide
and formulate policy according to decided areas especially, by understand of company
framework.
2. Analysis of small-business measures with use of comparative measures of performance
A) Identify the various comparative measures of performance?
Solution- Comparative performance management is a constant actions of steps which maximise
the efficiency of management operations, budgeting and policymaking of respective
organisation. Workload and output measure indicates amount of work which is performed
according to the number of services that are done along with methods how well they are
managed. Efficiency measure demonstrate relationship among the work performed and also with
all those resources which is required for perform the work in an organised manner specially, to
complete project with estimated unit cost (Smith, 2016).
B) Importance of various comparative measures of performance?
Solution- All comparative measures perform an important role because it enhance overall
productivity of the organisation. One of the most effective method is to complete work according
to decided cost, resources and methods. This results management is able for generate appropriate

results from their projects by satisfying needs of all individuals and to accomplish this they
measure all comparative performance. The workload and output measure perform an important
role for measure overall area of business. With similar approach efficiency measure leads
towards analyse the work methods of all departments.
3. Appropriate actions for overcome from the identified weaknesses in business
A.) Identify of various measures to overcome from small-business weakness
Solution- One of the most effective method to overcome from weaknesses of small-business is to
identify common start-up issue that generate problems for start of project. Similarly,
accountability is another effective measure and this aids to appreciate the idea through agree
with all individuals that are engaged in company roles (Järvi, 2015). Performance make results
with analysis of different fundamentals related with business. Also, the positive and flexible
factors determines all the financial systems to achieve better success in market. Small
B.) Importance of identified measures to overcome from small-business weakness
Solution- Basically, there are two measures identified by management and this considered
towards the completion of all task according to selected business approaches. Identification of
start-up issue is essential because this helps for minimise problems in initial level of project. On
the other side, accountability also perform an important role because this minimise the
irresponsible behaviour of persons for complete their task. In simple terms, it refers that when an
individual face problems than the management focus on them because due to accountability
factors it is easy to identify who is responsible for the non-accomplishment of goal.
4. Identify and explain the measures in which existing performance is maintained and
strengthened by small-business
A.) Identify various measures for improve and maintain the existing business performance?
Solution- Organisation or business perform the roles to sustain in market for longer period with
motive of improving their profits (Cunningham, Sinclair and Schulte, 2014). Similarly,
consistent improvements to enhance the small business performance relates to monitor the cash
flow in a consistent manner. Thus, keep monitor financial score performing task with decided
approaches and it enhance the gain of business. Set Goals works as an important part for the
success of business further, to achieve them planning tools perform aids to move forward in
competitive market. Small-business also work towards the increase of web traffic in order to
increase the sales of products by approaching individuals of a large market area.