Managing and Running a Small Business: MuleSoft Case Study

This report provides an analysis of managing and running a small business, focusing on MuleSoft, a software development company based in London. It covers key aspects such as annual itemized cash flow forecasts, break-even point analysis, and interpretation of financial statements to assess the company's financial performance. The report emphasizes the importance of cash flow management, break-even analysis for decision-making, and understanding financial statements for strategic improvements. Additionally, it highlights the key legislation and regulations, including the Companies Act 2006 and the Small Business, Enterprise and Employment Act 2015, that MuleSoft must comply with to ensure proper operation and future growth. Desklib offers access to similar solved assignments and study resources for students.

Managing and Running
a Small Business

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: Covered in Brochure..............................................................................................................1
TASK 2............................................................................................................................................1
P2: Covered in Brochure..............................................................................................................1
P3: Covered in Brochure..............................................................................................................1
TASK 3............................................................................................................................................1
P4: Annual Itemized Cash Flow Forecast....................................................................................1
P5: Break-Even Point...................................................................................................................3
P6: Interpretation of the Financial Statements.............................................................................5
TASK 4............................................................................................................................................7
P7: Key legislation and regulations.............................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Managing and Running a Small Business refers to the way in which the management of
the Businesses can be run in a proper way which will therefore help the management in ensuring
that it is able to manage out its particular needs and requirements effectively and efficiently so
that the attainment of the overall level of goals and objectives can be carried out
(Bakhriddinhonov, 2021). It is therefore quite important that the Businesses are able to make
sure that they can attain their particular goals and objectives in the future by finding out the way
in which they should manage their overall processes. Therefore, it is highly important for the
managers of a particular organization that they are able to make sure that the higher-level of
efficiency and effectiveness can be maintained in a proper manner and in a right way. This report
is based on MuleSoft. It is a Small Business which provides a wide range of services related with
Software Development to the Businesses in the market. It is based in London, United Kingdom.
In this report, a detailed and specific focus will be made on the way in which the successful
management of the Business can be done.
TASK 1
P1: Covered in Brochure
TASK 2
P2: Covered in Brochure
P3: Covered in Brochure
TASK 3
P4: Annual Itemized Cash Flow Forecast
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An Annual Itemized Cash Flow is quite important to be considered for the organizations
because in this way it helps in ensuring that the management of the cash and other liquid
resources of the organization can be done in a proper manner. For an organization like MuleSoft,
it is quite important that its preparation is carried out so that the management of the particular
needs and requirements of the company can be done quite effectively and efficiently (Gherhes,
Vorley and Brooks, 2020). Therefore, its preparation is important due to the following reasons-
 Assessment of the liquidity position- It is quite important that the assessment of the
liquidity position can be done in a proper manner by the organizations. Therefore, it can
be said that the preparation of the Cash Flow can be helpful in assessing the liquidity
position quite properly. In this way, it can be quite helpful for an organization like
MuleSoft.
 Proper management of cash- It is very important that the proper management of the
cash can be done by the organizations so that they are able to maintain the liquidity in the
right manner. Thus, it can be said that the preparation of the Cash Flow can help a lot in
properly managing the cash quite effectively and efficiently. For MuleSoft, it can create
an advantage.
 Analysis and Interpretation- It is also very important that the analysis and interpretation
of the overall financial facts and information can be done so that the right results can be
derived. In the context of MuleSoft, it is therefore crucial that it is done so that the
management of the overall needs and requirements can be done in a proper way quite
effectively and efficiently.
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 Comparison- It is required from the organizations that they can facilitate comparison
with the previous year data so that they are able to make sure that they can effectively
and efficiently draw out the appropriate conclusions and recommendations which are
required. For an organization like MuleSoft, it is quite important and has to be done so
that the problems and issues with Cash Management can be managed.
Thus, in this way it can be said that MuleSoft has to make sure that it is able to make the use of
the Cash Flow Statement in a proper manner which will allow it to able to identify the right
strategies which can be used by it in the future so that it is able to manage out its particular level
of needs and requirements effectively and efficiently in the future. Therefore, it becomes
important for the managers of the organization to make its use in a right way to derive the
benefits from it.
P5: Break-Even Point
A Break-Even Point refers to a point where the Businesses neither earn profits nor incur
losses. Therefore, in this way it can be said that its preparation is quite useful for the
organizations in ensuring that the right decisions can be taken quite effectively and efficiently
and therefore this will be useful for making the progress in the future (Jones, Meckel and Taylor,
2021). For an organization like MuleSoft, it becomes essential that its preparation can be done so
that the right results can be derived by the company. The following is the importance of Break-
Even Analysis for the organizations-
 Determination of the point of no profit and no loss- With the use of Break-Even
Analysis the overall determination of the point of no profit and no loss can be done which
will be highly useful in ensuring that the right decisions can be taken so as to take the
Business forward in the future which will help it a lot in the right way.
 Comparison- The use of Break-Even analysis can be made so that the right comparison
is done which will thus help in formulating the decisions to be taken in the future.
Therefore, for an organization like MuleSoft, it is quite crucial that it can formulate
conclusions and recommendations which can be used by it to enhance the overall level of
profitability in a proper manner.
 Decision-making- It is necessary that the use of a Break-Even analysis is made so that
the decisions can be taken in the right manner by the organizations (Kuratko, Fisher and
Audretsch, 2020). For MuleSoft, it is thus important that its use can be made so that the
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decisions are taken in a proper manner by the company which will help it in attaining a
strategic and competitive edge over the competitors in the market.
 Helpful in planning- It is highly essential that through making the use of Break-Even
analysis the planning can be carried out in a proper way by the organizations (Liguori and
Pittz, 2020). In the context of MuleSoft, it can be quite helpful so that the right plans are
framed by the company for making the desired progress in the future.
 Improvement in performance- Through making the use of Break-Even Analysis, the
improvement in the overall level of performance can be made which will thus be quite
helpful in ensuring that the attainment of the future goals and objectives can be done
within the organization (Mellita, Aliya and Elpanso, 2020). For an organization like
MuleSoft, it is required for the purpose of ensuring that the overall level of performance
can be improved and therefore the company is able to progress in the future which will be
quite helpful for it.
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P6: Interpretation of the Financial Statements
The Financial Statements are prepared because they help a lot in ensuring that the
financial performance of the business can be assessed and the analysis and interpretation can be
done in a right manner (Pavlykivska, Marushchak and Oleksandra, 2020). Their interpretation
should be done so as to make sure that the conclusions and recommendations can be derived in a
proper way which will thus help the company a lot.
Interpretation- The interpretation of the Profit and Loss Account of MuleSoft states that
the overall Profit Surplus of the organization is 2,40,243.28 pounds. Therefore, it can be said that
the organization has made a decent profit in the last year and thus in this way it can be stated that
the company will be able to make sure that it can progress further and can enhance the overall
level of profits quite properly.
Therefore, the interpretation from the Profit and Loss Account can be summarized as
follows-
 The Sales of the organization is 6,20,402.36 pounds. Therefore, it can be said that the
company's sales level is quite good and it will be good enough for a Business of its size
to grow and prosper in the market and attain its future goals and objectives.
 The Gross Profit of the organization is 5,49.402.36 pounds. Thus, it can be said that the
company's Gross Profit is quite good and therefore in this way it can be stated that this
will help the company to be able to get ahead of its different types of competitors in the
future.
 The Total Overheads of the organization are 5,30,581.83 pounds. Therefore, in this way it
can be said that the company has been able to keep its various types of expenses within
check which will therefore help a lot in ensuring that it is able to enhance its overall level
of profitability in the future quite effectively and efficiently which will be quite useful for
it.
 The Profit Surplus of the organization is 2,40,243.28 pounds. Thus, in this way it can be
stated that the profit of the company is quite good in order to ensure its sustainability in
the market against the various types of competitors and will thus help it to progress
effectively and efficiently.
Therefore, in this way it can be suggested to the management of MuleSoft that it is able to make
sure that it can bring out the necessary improvements here so that it can ensure that it is able to
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attain the goals and objectives in the future. Thus, it can be said that the managers of the
company can make the use of the Financial Statements so that the analysis and interpretation can
be performed through their use which will help it a lot in growing in the future in a proper way.
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TASK 4
P7: Key legislation and regulations
There is a requirement of ensuring that the key legislation and regulations are considered
by the Small Businesses so that they can operate in a proper manner within the market (Shrestha,
2020). The following key legislation and regulations are required to be considered by the Small
Businesses-
Companies Act 2006-
This is an act according to which the different types of companies are governed and
managed in UK. Therefore, it can be stated that the particular needs and requirements which are
related with the organizations can be managed in this way which will thus help a lot in ensuring
that they are able to sustain in the market (Sukawati and et.al., 2020).
As MuleSoft is a SME it has to make sure that it is able to follow the provisions which
are provided as per this act. Following the provisions will be helpful for it in ensuring that it can
manage its business needs and requirements quite properly.
Small Business, Enterprise and Employment Act 2015-
This is an act in which the various types of provisions related with the management of the
Business are provided. Therefore, in this way it can be stated that this particular act will make
sure that the various types of needs and requirements of the organization can be managed.
Therefore, in this way MuleSoft can make sure that by following the provisions of this particular
act it is able to manage its business activities so that it is able to make relevant progress in the
market in a proper manner.
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Thus, the management of MuleSoft has to implement the provisions of this law in their
functioning to ensure that the attainment of the future goals and objectives can be made by the
company and therefore it is able to enhance its profitability level in the future effectively and
efficiently (Tunberg and Anderson, 2020).
Therefore, it can be stated that the development of an understanding about the legislation
and regulations is quite critical and important and therefore it has to be carried out so that the
managers are able to take the right decisions which will help them a lot in the future in a proper
manner. This will help the company in enhancing its profitability and therefore ensuring that the
management of the particular level of needs and requirements can be carried out in the future.
Thus, the development of an understanding about the provisions of this act should be done by the
managers.
CONCLUSION
From the above report, it can be concluded that Managing and Running a Small Business
refers to the way in which the management of the operations of a Small Business can be done.
The managers of a Small Business should be able to ensure that they are able to make sure that
they are able to understand the ways in which the management of the overall level of functioning
can be done in the Businesses. It is important because it helps the Small Businesses to be able to
grow sustainably in the future despite the presence of a wide range of competitors in the market
by ensuring that the overall level of efficiency and effectiveness can be enhanced. Thus, the
focus of the Businesses has to be on the way in which they can grow in the market and can
manage their operations in a proper way.
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REFERENCES
Books and Journals:
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