Small Business Enterprise Report on Ango Purpose Made Furniture LTD

This report provides a comprehensive analysis of Ango Purpose Made Furniture LTD, a small business enterprise specializing in motor vehicle parts and subsidiaries, focusing on its performance and strategies for growth. The report begins with an introduction to the company, including its history,...Read More

Small Business Enterprise

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Produce a profile of your selected business from the Dragons Den series using the
suggested
.....................................................................................................................................................1
1.2 Comparison of performance with other business..................................................................2
TASK 2............................................................................................................................................3
2.1 Recommendation with justification......................................................................................3
2.2 Analyses ways in which the existing performance...............................................................4
2.3 Suggest the new area.............................................................................................................5
TASK 3............................................................................................................................................6
3.1 Business objective and plan..................................................................................................6
3.2 Review business plan............................................................................................................7
3.3 Prepare action plan................................................................................................................7
TASK 4............................................................................................................................................8
4.1 Impact the proposed change..................................................................................................8
4.2 Plan for change will be manage............................................................................................9
4.3 Improvement in performance of business.............................................................................9
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
The report is developed in concentration with small business enterprise. Information
related with performance management will be provided in the report. This report is focused on
small business enterprise which provides products and services to the customers of rural areas of
UK. Further, it will cover business plan will be developed for the enterprise which will help it to
grow in the market (Ayandibu and Houghton 2017). This report is based on ANGO PURPOSE
MADE FURNITURE LTD, which is located in United Kingdom. This company is
manufacturing adjunct and other surround for motor transport. The report will be covering
history or background or company, its activities, location of business and strengths and weakness
of company. Moreover, swot analysis strengths, weaknesses, opportunities and threats of will be
discussed and strategies to overcome from the weaknesses will also be discussed in this report.
TASK 1
1.1 Produce a profile of your selected business from the Dragons Den series using the suggested
Small medium enterprise are termed as backbone of economic condition of UK. In this
context, profile of business from the Dragons Den series are as follows :
Name of the business
Ango Purpose made furniture Ltd is the establishment which is operational within
Somerset city of South West England and treatment in commercial enterprise of motor vehicles
parts and subsidiary (Baidoun and Awashra, 2018). In addition, establishment was established in
2015, successful moving two year, with the best amount of assets in marketplace level.
Owner structure
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This organisation is certified under the company house. It is follow concept and
regulation as per the company act. There are some changes is made for improving organisation.
History and background
Ango purpose made furniture is booming running institution since last 2 years in market
and addition popularity within the country where it is direct (Daniel and Nunan, 2018). The past
times is not that much old as it was founded in 2015 only but from the integration time institution
was known as Yoga Swing UK Ltd for the period of 19 April 2015 to 30 March 2017.
Subsequently, it changed its name to Ango Intention made furniture.
Business location
Ango Purpose made furniture Ltd is having its registered office in Unit 3A The works,
Back River Drove Street, Somerset BA 16 9SG, South West England
One of the most essential part for every arrangement is capability and imperfection. It is
help to increase the profit and productivity insight organisation.
Strength Weaknesses
This administration is more consumer focused.
They are more responsive to the activity place.
There are some alteration is made as per the
need of client in market place (Hutchinson,
2018). On the other hand, enterprise are use
invention and ensure that they could bring
forth innovative merchandise. This endeavour
remains flexible and activity is to be set
accordingly.
Some time organization must have to be use
out dated facility must be used at the tie of
production process. Do not use proper
management in internal working environment.
This may not be able to cover the large number
of customer in marketplace share. This is to be
give negative contact on activity share.
Opportunities Threats
There are had possibility available into new
market. In this starting years, organization is
come in into new marketplace. This structure
is help in the maturation of the economical
state of organisation.
In this context, different number of competitors
are effect market place. There is shortage of
resources which affects the productivity of
these enterprises. Market keeps on changing
due to which enterprises gets affected.
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1.2 Comparison of performance with other business
Ango Purpose made furniture Ltd is dealing in motor parts and gaining must popularity in
different market area. On the other hand, antithetical number of business relation is give negative
impact in market share. To ensure that company could grow in the market they have to do
carrying into action mensuration and relation carrying into action come through (Huttinger, and
Dreibelbis 2017). It is helps in developing effective set of strategies, growth of the organizations
and behaviour in the market. This suggests that one of the indicators that determine the
performance of the business is the financial profit. Another factor that can be used as the
indicator of the performance is the employee satisfaction. In this context, JFL automotive LTD is
the only biggest competition in market place.
Comparison chart
Basic Ango Purpose LTD. JFL automotive LTD
Sales They are not performing good
in sales as compare to other
company.
Sale of company is very good
as compare other
organisations.
Turn over 2 million 3.62 million
Marketing This organisation is use the
horizontal surface of digital
marketing to improve client
base and increase net income
of firm.
Marketing channel used by
organisation is not very
Morden as compare to digital
technology.
Human resource department Overall 15 employees are
working in this organisation.
There are 72 employees are
working with this organisation.
And lastly these small medium organisation could do ratio analysis to gain the
information related with the information of performance (Huxtable-Thomas, and Hannon,
2018). With the help of ratio analysis organization could evaluate the performance with the
effect of which new strategies could be developed by the organization to attain success in the
market and to generate effective set of revenue.
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TASK 2
2.1 Recommendation with justification
In any case, there are numerous challenges occur which affect adversely to Ango Purpose
LTD. Lodging activities and results. Because of less gifted individuals, the firm unfit to
conveyed profitable results in the items and administrations (Kull and Spring 2018). Alongside
this, representatives likewise feel challenges dealing with their client questions to make
compelling working. Poor correspondence among individuals and directors likewise make issue
to take choices in the speciality unit.
 Legitimate and successful administration: In this angle, Ango Purpose LTD. Inn can take
activities at work environment to deal with their work. With the assistance of legitimate
administration of activities, issues can be resolve from the business (Kuratko,and Morris,
2018). For decide targets and objectives, most recent and refresh innovation can be
executed for improvement of the speciality unit. It is the most ideal way which helps to
make appropriate workplace.
 Make new section territory in advertise: Ango Purpose LTD. Lodging likewise need to
make successful portion region through offers diverse sorts of administrations. It is the
powerful method to beat the issues and pull in more client as per division. At new zone of
market, clients will be upgrades in critical way through offers greatest characterized
administrations and items. It is the most ideal approach to set up organization activities as
indicated by the objective market. As of late, there is no division as indicated by age and
sexual orientation with the goal that it is the best open door towards the organization to
ensure that beneficial outcomes will be upgrades.
 Legitimate preparing to representatives: Ango Purpose LTD. Lodging has not profoundly
gifted workers so they need to give them appropriate preparing to them. This is on
account of, it is the best procedure to defeat their issues which exist because of absence
of information (Lin, and Wang, 2018). With the assistance of executing appropriate
preparing to representatives, as indicated by the client prerequisite items and
administrations will actualize. As results, it makes compelling capacities in speciality
unit.
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2.2 Analyse ways in which the existing performance
There are such a significant number of routes through association will effortlessly
examination and kept up their reinforce execution. Through offering diverse kinds of items and
administrations, exhibitions will be improves towards the clients. Following are diverse
strategies actualized at working environment of the picked business through they can keep up
and reinforce the association quality:
 Consistent assessment: keeping in mind the end goal to kept up and fortify the association
exhibitions, Ango Purpose LTD. in can execute persistent assessment technique. It is the
best system to work in huge angle. Along these lines, 360 degree assessment system can
be actualize through association can audit working in the speciality unit. It evaluates
working condition at working environment (Lumpkin and Pidduck 2018). As results,
future objectives can without much of a stretch created inside the picked business.
 Attempt criticism from clients: Customer and workers input is the another vital strategy
through business will effectively keep up their reinforced. With the assistance of workers
criticism, Ango Purpose LTD. Lodging will effectively improve their business
dependability. This is on the grounds that, workers are inner resources of the business
through business can achieve their objectives and objectives (Reascos, and Carvalho
2018). Each part can contribute their viable conclusion and perspectives towards the
association work. On that parameters, exhibitions could be assesses effectively.
Alongside this, client criticism likewise essential part through the chose venture will
effectively defeat their issues.
2.3 Suggest the new area
Ango Purpose LTD. Lodging need to execute new zones through they can make viable
outcomes. Finishing is such techniques the picked association can actualize new regions for
extension:
 Include new items and administrations in the business: In this viewpoint, the picked firm
can without much of a stretch face challenges with sound methodology. It is
exceptionally easy to confront testing towards items and administrations. It is the most
ideal approach to direct statistical surveying with submitting the assets, for example,
money related and human towards new items in Ango Purpose LTD. inn. With a specific
end goal to ask through client, new items and administration thoughts can be actualizing
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in speciality unit. Statistical surveying needs to centre around the client interest for new
items and administrations.
 Pitching more items and administrations to existing clients: It is the other side in the
principal technique. With the assistance of entering further into the present client base is
more imperative to perform showcase division investigation (Sohns, 2018). It is the most
ideal route for Ango Purpose LTD. in to investigation showcase division to see that who
are purchasing administrations of the picked business. Showcasing and deals endeavours
are made to centre around the client in successful way.
 Extension in the new regions: Main points of each organization is to offering existing
items and administrations through focusing on new individuals. These kinds of new
clients can be have a place through various fragment and area where association right
now work. For actualizing these criteria, Ango Purpose LTD. inn need to make
appropriate notice for the items and administrations of inhabitants in new area ().
 Focus to new client advertise: Most of the lodging organizations focus to client with
executing showcasing endeavours for particular client showcase (Turban and Turban
2018). In this perspective, statistic components can be actualized in Ango Purpose LTD.
Lodging, for example, age, sexual orientation, area. Furthermore, it likewise supply as
per psycho realistic components, for example, interests, exercises and qualities too.
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Illustration 1: Ansoff matrix
[Source: Ansoff matrix, 2018]
TASK 3
3.1 Business objective and plan
With a specific end goal to create viable capacities and tasks, targets and plans of the
business make victories in the specially unit. Along these lines, Ango Purpose LTD. lodging
need to provide food their future arrangement as indicated by current strategies and practices.
With a specific end goal to make upgrades of the nature of business, the chose business can
likewise increase high piece of the overall industry (Vahlne, and Jonsson, 2017). Along these
lines, following exercises actualized in the association to accomplish their targets in deliberate
way:
 Structure of the association design: Ango Purpose LTD. inn require influence structure
for the business to arrange for that never mischief to activities of the chose speciality unit.
Keeping in mind the end goal to make arrangement, all exercises should be arranged by
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the objectives and destinations which helps to create advertise in orderly way. In such
manner, changes has been made by the adaptability of the endeavour to take choices in it.
 Appraisal of the objectives and targets of business: Further, Ango Purpose LTD. Lodging
additionally require support of their goals intends to survey business comes about. In this
angle, asset report, deals, benefit, and so forth report recognize proceeding in the market.
Likewise, present and future exhibitions will be assesses in efficient way. With the
assistance of appraisal of execution assessment, association can roll out improvements in
their items and administrations.
 Changes in the targets: Changes in the objectives and goals should be executed in
business to survey downsides in it. With this respect, Ango Purpose LTD. Lodging can
screen advancement of the organization in orderly way. As results, it helps to develop
results and results in positive perspective (Vivek, 2017). From now on, changes likewise
actualized to play out a few capacities in the specially unit (Atkinson and Story, 2016). In
the improvement of organization, targets and destinations can be wanted to roll out
improvements in the picked firm.
3.2 Review business plan
With a specific end goal to receive the chose design, Ango Purpose LTD. inn unfit to
achieve their objectives and powerful outcomes in speciality unit. Consequently, they need to
roll out improvements and reconsidering plan with the goal that objectives and targets can be
made successfully in the speciality unit (Vivek, 2017). As indicated by changes in requirements
and client request, exhibitions can be assessed and design has been updated with executing of
following components:
 Embrace innovation: In regard to survey the business exhibitions, Ango Purpose LTD.
inn need to roll out improvements in design according to client needs. Along these lines,
the association can embrace propel innovation framework to build up their objectives and
objectives. With the assistance of executing new and propel innovation, the picked
business ready to conveyance snappy administrations to their clients. Subsequently,
marketable strategy helps to make powerful working and exchange to accomplish wanted
outcome.
 Assessment of the business exhibitions: to assess the business exhibitions, plan can be
create with estimation of the targets and objectives. This is on account of, keep observing
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help to quantify that work is done or not (Ayandibu and Houghton 2017). As results, the
picked association can without much of a stretch survey advancement of activities
through concentrating on the targets and goals.
 Future development determining: In the assessment, future development likewise
conjecture which is vital source to discover target showcase. It is the best methodology
through Ango Purpose LTD. in can foresee for improving their income and benefit.
Henceforth, plan can be made effectively with upgrading development as well.
3.3 Prepare action plan
All the changes are mention in above part will organisation is fulfilled all desires and
outcomes. Underdeveloped the activity program will help is to set the precedence and will help
in moving a step ahead to pull off the activity. It is essential that an act plan should be developed
so that business organization could instrumentation the plan consequently and could estimate the
total time that would incur in the execution of the programme. Some factors are assist in action
arrangement are as follows :-
 Market research: Before implementation of any change, it is first important for the
organisation to understand the current market situation (Baidoun and Awashra, 2018).
For this purpose it can use various tools such as PESTLE analysis, SWOT analysis etc.
This analysis will enable the organisation to understand its current market position and
accordingly prepare itself for future plan.
 Estimation of finance :- In this context, to be focussing on some fiscal component is one
of the most essential part of small business concern enterprise. This is assist to negotiate
the development rate as well as securities industry share. Hence, it should ensure that its
funds are properly planned so that as consequence of any alteration its existing operations
should not get impressed negatively.
 Setting up organisational structure : This is also the captious path of the total action plan
must be postpaid in arrangement. It need to have decently managed arrangement plan
whereas answer ability is fixed for every social unit of structure.
TASK 4
4.1 Impact the proposed change
Changes in the business tasks have positive and negative both kind of effect. Changes
influence to the improvement of the speciality unit and condition in which tasks held by Ango
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Purpose LTD. inn. Changes are suggested that helps to increase upper hands from numerous
contenders. It can fall the whole the business to work powerful outcomes (Daniel, Di Domenico
and Nunan, 2018). Following are sure changes can be executed to proposed changes in
correspondence:
 Fund: To roll out improvements, back is the principal component for the Ango Purpose
LTD. inn which affect positive in the business. Next to this, achievement of new pursuit
likewise relies upon the new group that enrolled.
 Workloads: The picked association need to plan for the activity arrange for which
proposed to enrol group which chip away at the new pursuit (Hutchinson, 2018). In this
perspective, workload can be partition among the individuals as per their capability. In
this manner, Ango Purpose LTD. inn need to prepared their workers as indicated by new
business wander.
4.2 Plan for change will be manage
The greater part of the independent venture undertaking need to take changes in strategy
because of contribution of hazard. Changes are finished with the intension of actualizing changes
which make better work put and nature. Inside the Ango Purpose LTD. Lodging, proposed
changes have effect the business and staff individuals too. Keeping in mind the end goal to
wandering the field the statistical surveying, the organization will get new measurements for find
out fruitful activities. With bringing more benefits, organization can centre around nearby and
national clients too. Arrangement of the approaches is more settled which impact on the
execution.
In the progressions, association additionally require make alteration in individual
connection and correspondence. In this manner, changes in things can effect the contenders.
What's more, representatives of the association develop and upgrade their certainty level to
enhance results later on. Changes is the unavoidable for Ango Purpose LTD. Inn that is more
adaptable on the new undertaking (Huttinger and Dreibelbis 2017). It is critical to execute
changes in business for workers towards new undertaking. Along these lines, they are readily
learned numerous things which perform in new errand with no faltering. Existing representatives
likewise prepared in business to perform tasks in the field of statistical surveying.
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4.3 Improvement in performance of business
In this context, to be focus on implementation of changes is not the end of the story small
medium enterprise. It is to be focus on proper monitoring of every single activity or it
performance. Observation will modify in micro-management of the small inactivity in a more
economical and ambiguous style. Similarly, setup an every month assemblage to analyse its
advancement in terms of receipts and functional cost (Huxtable-Thomas and Hannon 2018). This
will ensure that the administration of the arrangement is well cognizant of the loss or gainfulness
of the arrangement and can consequently plan its forthcoming commercial enterprise plan of
action. This is to be used in balance scored card must be used to improve current market.
CONCLUSION
From the above report is focus on small business enterprise which provides products and
services to the customers of rural areas of UK. Further, it will cover business plan will be
developed for the enterprise which will help it to grow in the market. As per the above report is
focus on ensure that its funds are properly planned so that as consequence of any alteration its
existing operations should not get impressed negatively.
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REFERENCES
Books and journals
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Economies. (just-accepted). pp.00-00.
Daniel, E., Di Domenico, M. and Nunan, D., 2018. Virtual Mobility and the Lonely Cloud:
Theorizing the Mobility‐Isolation Paradox for Self‐Employed Knowledge‐Workers in the
Online Home‐Based Business Context. Journal of Management Studies. 55(1). pp.174-
203.
Hutchinson, K., 2018. Learning to Lead: A New Model. In Leadership and Small Business (pp.
89-110). Palgrave Macmillan, Cham.
Huttinger, A., and Dreibelbis, R., 2017. Small Water Enterprise in Rural Rwanda: Business
Development and Year-One Performance Evaluation of Nine Water Kiosks at Health Care
Facilities. International journal of environmental research and public health. 14(12).
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Huxtable-Thomas, L. and Hannon, P., 2018. The Role of Entrepreneurial Leadership in City
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Kull, T.J., Kotlar, J. and Spring, M., 2018. Small and Medium Enterprise Research in Supply
Chain Management: The Case for Single‐Respondent Research Designs. Journal of Supply
Chain Management, 54(1), pp.23-34.
Kuratko, D.F. and Morris, M.H., 2018. Examining the Future Trajectory of
Entrepreneurship. Journal of Small Business Management. 56(1). pp.11-23.
Lin, S. and Wang, S., 2018. How does the age of serial entrepreneurs influence their re-venture
speed after a business failure?. Small Business Economics. pp.1-16.
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Lumpkin, G.T., Bacq, S. and Pidduck, R.J., 2018. Where Change Happens: Community‐Level
Phenomena in Social Entrepreneurship Research. Journal of Small Business
Management. 56(1). pp.24-50.
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of Enterprise Applications in Small and Medium Enterprises (SMEs). In International
Conference on Information Theoretic Security (pp. 50-61). Springer, Cham.
Sohns, F. and Diez, J.R., 2018. Explaining micro entrepreneurship in rural Vietnam—a
multilevel analysis. Small Business Economics. 50(1). pp.219-237.
Turban, E., Liang, T.P. and Turban, D.C., 2018. Social Enterprise and Other Social Commerce
Topics. In Electronic Commerce 2018 (pp. 325-358). Springer, Cham.
Vahlne, J.E. and Jonsson, A., 2017. Ambidexterity as a dynamic capability in the globalization
of the multinational business enterprise (MBE): Case studies of AB Volvo and
IKEA. International Business Review. 26(1). pp.57-70.
Vivek, S.A., 2017. Relationship Between Entrepreneurs’ Biographic Characteristics and Small
Enterprise Growth in Kerala. ITIHAS The Journal of Indian Management. 7(4). pp.26-34.
Online
Action plan to implement changes, 2018 [online]. Accessed through:
<https://energy.gov/eere/femp/develop-action-plan-institutional-change>
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