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Exam (elaborations)

Small business enterprise

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Small business enterprise (SBE) is business that employ small number of worker in their organisation and does not have high volume of sales. This type of firm generally operated by private owned person in form of sole proprietor, partnership and corporation. The company that wishes to obtain status of small business required to fulfil some norms and apply to government to obtain such status (Bridge and O'Neill, 2012). Charlotte hotel is small business entity that offering their services to its customers. There are various product and services that are offered by this organisation. They provide luxury experience to consumer and this restaurant is famous for finest quality coffee. The purpose of this assignment is to identify important of SBE on economic growth and development. It plays important role in this regard and this is essential for necessary improvement of nation. These business entities offer various kind of services to society and their offers are cost effective.

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September 24, 2022
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Written in
2022/2023
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SMALL BUSINESS
ENTERPRISE

, Table of Contents

INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1Profile of small business with its strengths and weaknesses..................................................1
1.2 Analysis of business using comparative measures of performance......................................3
TASK 2............................................................................................................................................8
2.1 Actions to overcome weaknesses of business.......................................................................8
2.2 Ways to maintain existing performance and to strengthen it................................................9
2.3 Areas where business could be expended...........................................................................10
TASK 3..........................................................................................................................................11
3.1 Existing business objective and Plan..................................................................................11
3.2 Revise business plan to make new changes........................................................................13
3.3 Action plan to implement changes......................................................................................14
TASK 4..........................................................................................................................................18
4.1 Impact of changes on business and personnel.....................................................................18
4.2 Management of changes in business...................................................................................19
4.3 Improvement in business performance...............................................................................20
CONCLUSION..............................................................................................................................22
REFERENCES..............................................................................................................................23

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