Select a small business of your choice and explain how the particular business can be considered as a small business enterprise. List the advantages and disadvantages of being a small business enterprise and answer the following questions.
Main Tasks
1. Explain the business profile of the selected organization.
2. Review the performance of the business by using financial reports, customer feedback data, ratio analysis
3. Evaluate the Strengths and weakness of the selected business with appropriate justification.
4. Identify the weakness of the selected organization and Recommend actions to overcome those weakness
5. Explain the techniques to improve the current business performance
6. Identify the ways to expand selected organization
7. Review existing business objectives and plans through developing the business plan
8. State appropriate Suggestions to revise business plans to incorporate appropriate changes.
9. Prepare action plan to implement changes
10. Analyze the predicted change in the selected business
11. Explain how the implementation of changes will be managed in the business and Suggest appropriate revision of plans for response
12. Monitor improvements in selected business and management Performance over a given timescale.