TASK 13 1.1 Strength and weakness of small business enterprise

SMALL BUSINESS
ENTERPRISE
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Contents
INTRODUCTION ..........................................................................................................................3
TASK 1 ..........................................................................................................................................3
1.1 Strength and weakness of business and identify business profile .........................................3
1.2 Analysis of business by using comparative measures..........................................................4
TASK 2 ...........................................................................................................................................5
2.1 Give recommendation with justification, appropriate actions so that company can
overcome weakness. ...................................................................................................................5
2.2 Analyze the ways by which existing performance can be maintained .................................6
2.3. Prescribe with explanation, new region in which firm can expand their business................6
TASK 3 ...........................................................................................................................................6
3.1 Make an assessment of old business goals and plans ............................................................6
3.2 Revised business plan to incorporate appropriate changes ...................................................7
3.3 Prepare action plan to utilize the changes .............................................................................7
TASK 4............................................................................................................................................8
4.1 Report on impact of proposed changes on business and its personnel...................................8
4.2 Arrangement how the changes can be succeed in business .................................................8
4.3 Control the performance of organization ..............................................................................9
CONCLUSION................................................................................................................................9
REFERENCE ..................................................................................................................................9
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INTRODUCTION
Small business enterprises are very important for country. This enterprises are having
large contribution in an economy. In the crises time to UK. These enterprises took place and they
help country to larger extend. They give employment to many people living in UK. They support
to large enterprises to get raw material and produce small parts for these large enterprises.
The company which is taken into consideration for this report is caffee finix coffee shop.
It is local shop which is providing coffee to people in UK. The firm small enterprise. But give
large contribution to society (Bridge and O'Neill, 2012). This a place where friends meet each
other. People can read books. The size of business is small. They provide variety of products
such as coffee, tea and other beverages.
The strength and weakness of small business enterprises has been given in this report.
The analysis of business has been given in this assignment. According to that recommendation is
provided so that improvement can be done. Business plan has been made and the action plan is
created so that policies can be implemented in proper manner. Impact of changes on business has
been discussed in this report. Proper evaluation of business is done in given assignment.
TASK 1
1.1 Strength and weakness of business and identify business profile
SWOT Analysis is primary function which is conducted by firm and by this leader solve
and find out certain issues. SWOT is important method for an organization by which they can
know about their strength, weakness, opportunities and threats. SWOT model is used to do
internal evaluation. This internal factors can influence outside factors of business. Strength and
weakness represent the inside variables. Opportunities and threats represent the outside variables.
SWOT data help company to coordinate in effective manner and all resources should be used in
proper way(Schaper and et. Al, 2014).
Strengths: Strengths refers to capacity which company is having so that they are using
their resources in proper manner and they are properly understanding the needs of customers. It
give competitive advantage to firm from its competitors. Following are the strengths of caffee
finix.
 They provide excellent, fresh quality of foods, beverages.
 Having a good brand name.
 Company is operating business in good location where they meet lot of customers
 Firm is having good reputation in market
 Turnover of firm is increasing day by day.
Weaknesses: Weaknesses is refers to lack in possession or capabilities of company in order
to handle different inside and outside variables. Weakness is part which company need to
identify and make improvement so that it doesn't happen again. As a Business Executive I find
out some of the weakness in caffee finix
 They are having weak segment in compare to their competitors.
 There are name other well known brands also
 Costs rents which firm need to pay
Opportunities: Opportunities refers future conditions by which firm can take advantage and
gain profits by that and expand their business. According to future aspects the firm can take
actions so that they get benefits. This can give competitive advantage and objectives can be
prepared accordingly. The opportunities of firm are as follow.
 Offering the brand name can gain more benefits.
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