Small Business Enterprise Report - Wand Company
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Added on 2020-07-23
Small Business Enterprise Report - Wand Company
Added on 2020-07-23
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SMALL BUSINESS ENTERPRISES
Table of ContentsINTRODUCTION...........................................................................................................................1TASK-1............................................................................................................................................1a)Profile of The Wand Company................................................................................................1weakness - ..................................................................................................................................2b) Compare the performance of your selected business with one of the following; ..............2TASK-2............................................................................................................................................3a)Appropriate actions to overcome the weaknesses....................................................................3b)Existing performance could be maintained and strengthened.................................................4c)Areas in which the business can expand its operations...........................................................5TASK-3............................................................................................................................................6a) Assessment of The Wind Company objectives and plans......................................................6b) Business plans and suggested areas which required changes.................................................7c)Action plan to implement the changes.....................................................................................8TASK-4............................................................................................................................................9a) Impact of the proposed changes on business and personnel...................................................9b) Plan for changes that will managed the business..................................................................10c)Business performances improvements from past two years..................................................11CONCLUSION .............................................................................................................................12REFERENCES..............................................................................................................................13
INTRODUCTIONThere is a great importance of small business because it is way through which the ownerstested their idea by doing a business in a market. Small business is a business through which aperson starting their own business with the help of ideas, thoughts and using those ideas andconduct their business activities(Ates, Garengo, and Bititci, 2013). Small business provideeconomic stability and also providing various job opportunities. There are such business whocomes in market to take down the risk ad ears returns. Entrepreneur is a person who derives thebusiness risk associated with it. This report is based on the wand company which is Companywhich situated under UK(Bridge, 2013). The company is associated with various televisionprograms and shows that run in UK. The company accepted an offer of financial backing of euro200,000 and after that is has been created as an additional universal remote control products andprop replicas. Moreover, this report also covers its structure, activity and business andappropriate actions to overcome the weaknesses and forming the plan and implement it toconduct business.TASK-1a)Profile of The Wand CompanyThe wand company is basically manufacturing and designs universal remote control propin various designs. Its having feature in 2010 Kymera Magic WandUniversal Remote Controland accepted financial backing company(Carlos Pinhoand Sampaio de Sá, 2014). Then is startedmaking something innovation and additional universal remote control product form tenth doctorand sonice screwdriver, eleventh, twelve screwdrivers and replace two star tricks. In 2012 is startricks realised in Bluetooth communicate. The name of the businessThe wand company Owner structureRichard Blakesley and Chris Barnardo founded in 2009History/BackgroundThis company is developed in 2009 and first product was KymeraMagic Wand Universal Remote Control. And 10300 product soldin first year with first product. And then they went televison showDragons' DenonBBC Two and in 2011 they invested in that
product. Then in 2012 they created make new product he thatname is Eleventh Doctor'sSonic Screwdriver. Then in 2013 theywas realised tenth screwdriver in this they created body ofscrewdriver they tarted relieved Facebook page and in 2015thetreleasing filly function of star trick of Bluetooth communicator. Its activityThe wand company manufacturing and designs universal remotecontrol prop in various designs. It also work in Kymera MagicWandUniversal Remote Control and accepted financial backingcompany. Then is started making something innovation andadditional universal remote control product form tenth doctor andsonice screwdriver , eleventh ,twelve screwdriver and replace twostar tricks, they develop Facebook page(Bruwer, 2013). That alsodevelop star tricks realised in Bluetooth communicate. Business locationUninitiated kingdom Strength – the wand company product is impressive and attractive product for customerNeed of any consultant they provided the best customer servicesThis company is task taking company and full fill all thy task . This company is supportive either customer nor employee also weakness - This company issue is having issues in redounded product .That having some problem in manufacturing productthat product is easily broke down and s spoil it in remote product mostly use then automatic lost screen The wand company is producing in product in effective manner and attract its customers bygiving satisfaction to them so the result is that each and every department is working altogetherto raise its objective. They having such individuals, who are well capable and training is also
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