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Small Business Management - Cocofina

   

Added on  2020-07-22

12 Pages3726 Words70 Views
SMALL BUSINESSMANAGEMENT

INTRODUCTION...........................................................................................................................1Main body........................................................................................................................................11. Define this firm that why or why not qualify as small business..............................................12. Description on background of company and how it competes with sector. ...........................23. Draw business portfolio of company, based on rigorous, comprehensive and detailedknowledge with three topics. ......................................................................................................3CONCLUSION................................................................................................................................7RECOMMENDATION...................................................................................................................7REFERENCES................................................................................................................................9

INTRODUCTIONSmall business management are very helpful in relation be responsible for supervising ofbusiness enterprise activities and employees. The process which is working as effective andefficient oppression known as management. In order to achieve the goals of the company it isvery important to identify and to solve business problem. It is very essential to have innovationso that firm is able to achieve its brand image in enterprise. This is the company who uses toemploy less than 250 employees and its earning profit per year is 40 Million and as per thebalance sheet it is need to be 50 Million (Leonidou and et.al., 2017).The present report is focussing on the activities of Best way holding limited. This willwork in relation to achieve the enterprise success of growth. The present report will cover thefollowing aspects of Cocofina which is Woking as distribution of grocery products which makewith usage of real coconut substance and this firm is taking various kind of innovation in order tohave enlargement in the profitability of enterprise (Shidaganti and Prakash, 2017). This firm isgoo retailer brand of UK. It is taking various steps to enhance its revenue so that firm is able toearn large amount of profit in market. The main aim of this study is to identify that how smallbusiness firm are managed to operate its function in the well effective manner. Main body1. Define this firm that why or why not qualify as small business.The Cocofina enterprise is work as to develop performance of firm in effective manner sothat they are able to earn high profit revenue. This is the private limited enterprise which wasincorporated in 27th August 2010. The small business company is which where there is absenceof sales volume and this entity is taking very less step in order to have large amount ofprofitability in market (Daspit and et.al., 2017.). The main mission of this enterprise is to be oneof the most global leader retailer across UK. With the help of this the entity is able to generatehigh profit in market. In this firm there total 4 officers are working, they are taking initiatives inorder to generate the high volume of profit in market.The director of the enterprise is Solanki, Manisha ben and Thundal, Jacob this two are theleading person who is taking effective step in relation to achieve the desire success in market.The both the partners are having shareholding of 50%. The Net worth of firm is $2.9K. This firmis known as small business manager because thy hired less than 250 employees as well the profitvolume of the firm is less than 50 million in the year. The main goal of this firm is to earn high1

sales volume so that they are able to generate high volume of profit in market. The main visionof this firm is to earn large amount of profitability by having the creation of benchmark. Thisorganisation judged as small business enterprise on the basis of profitability, sales, volume. 2. Description on background of company and how it competes with sector. Company background- This firm was founded in the year of 2005 and the founder of this brand is Jacob, He isworking in relation to escape the corporate world so that firm is able to have enough expansionby having ultimate growth and sales in market. In the current scenario this firm is having 55employees who are working under them (Daspit and et.al., 2017.). The annual revenue of theenterprise is 3.4 million. They are using coconut substance in their product which is very goodfor the well-being of the people. They are using quality substance which is beneficial inperception to health. This firm is ranking on the ten most common brands which is good sourcein relation to maintain healthy environment. This firm is having the experience of 10 years. The brand name of the firm is like Cocofina which stands for fine coconut water, whichis helpful in relation to maintain health so that product is able to sell in market. The main goal ofJacob is to find the best use of coconuts and to provided finest test to his customers. According to the present scenario it can be seen that the Cocofina is sold in the 3000 healthoutlets in UK and 28 countries worldwide. The focus on taste can be reflect with the using ofquality of coconuts. In these products are made with the help of right and qualified coconutswithout using of any hidden ingredients, additives and preservatives (Saleem, 2017). This brandrepresent itself as health, honest and one of the quality products. Due to heigh quality anddedication in relation to provide good taste to his customer, the firm received the excellence infood and drink award in 2005. How it is competing within other sectors- The Cocofina is competing with the Worthenshaw's sector, it is also distributing itsservices in using of dairy products. This both are competing with each other in order to earnlarge amount of revenue. This is distribution it services as to provide dairy products tocustomers. It is also private limited company with the share capital. The both the firm are largerivalries to each other as they have captured the long term share in market (Kerzner and Kerzner,2017). This both firm are using the healthy product so that their customer can be satisfied withtheir services. This kind of things are helpful in relation to maintain the resources effectively. By2

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