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Small Business Enterprises InTRODUCTION 1 TASK 11

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Added on  2020-07-22

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They basically provide services in which they do day care for the kids from the birth This also offers the childcare services which is quite advantageous for the development of the child along with this also provide safe, healthy, secure, stimulating environment for the progress and growth of the kids.

Small Business Enterprises InTRODUCTION 1 TASK 11

   Added on 2020-07-22

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SMALL BUSINESSENTERPRISES
Small Business Enterprises InTRODUCTION 1 TASK 11_1
Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1 Small business strength and weaknesses..........................................................................11.2 Analysis of business using comparative performances....................................................2TASK 2............................................................................................................................................32.1 Proper actions to subdue known imperfection in concern ...............................................32.2 Ways through which performance maintained and strengthened ....................................42.3 Advice of new region of enterprise can expand...............................................................4TASK 3............................................................................................................................................53.1 Appraisal of present business neutral and thought ..........................................................53.2 Concern design to integrated proper modification ..........................................................53.3 Action plan to implement the changes ............................................................................6TASK 4 ...........................................................................................................................................74.1 Effect of Purpose relation on the enterprise and its department.......................................74.2 Changes can be managed in business ..............................................................................84.3 Supervisor better in presentation of concern over time scale ........................................10CONCLUSION .............................................................................................................................11
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INTRODUCTION Small scale enterprises can describe as those who is small scale with few or limitednumber of employees (Schaper and et. al., 2014). Usually this kind of business consider almost250 workers it doest have much bulk of sales. These type of organization generally owned by theprivate sectors such as sole proprietorship, partnership and corporation etc. are types of smallenterprises. For them there are some guidelines which is approved by the government for themand they have to strictly follow that rules and norms. This assignment is going present all aspectsof the small businesses their pros and cons and what action they need to maintain their strengthand overcome through the weaknesses (Ratten, 2014). This will also cover business action plansand how to make them inn concerned with the accomplishing organisational objectives. There issmall business enterprise named baby bear its a nursery home for the kids in UK. They basicallyprovide services in which they do day care for the kids from the birth.. This also offers thechildcare services which is quite advantageous for the development of the child along with thisalso provide safe, healthy, secure, stimulating environment for the progress and growth of thekids. TASK 11.1 Small business strength and weaknessesSmall business offer services to their customers which is of very limited money theycharge from the buyer. In this scenario they prefer to use quality with effective and efficienttools along with this they provide good services to their target consumer and try to satisfy theirneeds and demands. This baby bear company usually give services with their expert professionalstaff. Swot analysis is the medium through this they can also identify the strength, weaknesses,opportunities and threats of the company (Rae, 2010). Through this they can also plan goodstrategies by considering their positive as well as negative effects and try to overcome with theweaknesses with the help of this analysis. StrengthsIt is a very centric and experienced staff with greater knowledge and skills.They are trained by staff members along with they are more concerned withthe experienced and effective quality of services. This company is veryaffordable as well as reasonable for the for the consumer they also adoptvarious child care methodology. 1
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WeaknessesThey are not located in the prime location , so due to that very few peopleaware about this facilities (Stokes, Wilson and Wilson, 2010). They demandsfor the more cash because of the lack of money to run the small businessenterprise with the good quality and services. OpportunitiesRich and prime location may be come with the dual income families and itwill be more popular. They can also prove services at home. ThreatsShortage of qualified and skilled staff they also have insufficient supportivestaff members. 1.2 Analysis of business using comparative performancesBusiness analysis is very important so they can measure their performance time to timeand it is needed so they can strength their business (Olson and Staley, 2012). It is significantthrough this they can also overcome and devote more efforts to empower their position. Thereare various methods trough which they can measure their performance as a tabular , graphic ,forced ranking etc. According to this research it is figure out that company has good rating in theentire market with their competitors. P and L account year ended 1st April 2016 to 31st March2017 of baby bear present one of the pursuing digits :-Baby Bear Nursery homeTeddy Bear Nursery. Sales150180Cost of sales5070Gross profit100110Overheads2050Net Profit8060Balance sheet for the year ended on 1st April 2016 and 31st April 2017 of Baby Bear showsfollowing figures:-Baby Bear Nursery homeTeddy Bear Nursery. Fixed Assets2015Current assets:Stock512Debtor940Bank 203667Current ratio = current assets / current liabilities2
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