Exploration of Small Business Sector to the UK Economy - Case Study Example

Small business sector to the UK economy BY [Name of the organization] [Author’s name] [Date of fulfillment] introduction In this paper the major discussion is related to the various participations and the criteria related to the exploration of small business sector to the UK economy. In this paper the emphasis has been done with appropriate determination over the phases of contributions related to small business sector to the UK economy along with the descriptions and the importance of the study as has been initiated here. The current policies and proceedings too are the part of the paper. The analysis has been well comprehended in terms of various researches, necessary changes and the dominant developments in this sector. The whole perspective has been scrutinized on the basis of the appropriate evaluation of the issue. The process of evaluation has been initiated through the analytical process of management and the communication. The efforts are also made to get a solution to deal with all these proceedings. evaluation of small businesss in UK The purpose of evaluating the small business sector in UK economy can be well analysed through the calculation of the business population. The estimations show that the business population in UK has been totalized AS 4.3 million in 2002 and rose to around four million by the estimations done in the last part of 2003. There were more than half a million businesses in 2003 as compared to 1997. The tremendous increase in the number of the businesses has spread over the majority of larger industrial competitiveness. In compared to the estimated proportion of national employment there is a generating provision of SMEs. The SMEs has estimated to get into a rise from 2002 to its most prominent and highest level with a record of nine years1. The evaluation can be well determined as we see that there is a regular increase in the Small business sector in the UK economy. It is about 95 per cent of all the other businesses that are recorded in the industrial sectors (Allister Heath, 2009). As for Simon Bridge, Dr Brendan Murtagh and Professor Ken O'Neill (2007) the purpose to achieve increase under crucial scenario needs appropriate management with determined communication in the marketing and CSR levels. The adamancy in terms of achieving international valour, it is very important to have appropriate team for the solving of the related problems in the expansion of thee relevant benefit in the small business. There must be absolute proceedings to deal with undercapitalization and bankruptcy2. Most common solutions are related to the participation of the entrepreneur who gets the access to a sum up with the relevant capital for equal projection of revenue in the small business. These are all balanced to the determined anticipated expenses as stated by the prospects dealt with the accumulation of the business. The understanding of the structure and the solving strategies of the theory of undercapitalization is the best possible means to attain the business and that has been well understood by the business owners of UK. common small scale business in UK There are two basic small scale businesses followed and done in UK. These are the online consultation service and the next is the online music selling of products. Any buyer or owner of a business can set up these two businesses at a very low rate and with all kinds of perfection. For these two businesses the only thing that an owner needs is perfect internet accessibility and absolute use of the thinking cap. In case of the first option, that is the consultation service, the site can bring in the options for dating and that makes the site more popular. In case of the second, the owner can buy things at a cheaper rate and can sell it to the buyer with a minimum profitable margin what makes these kinds of sites popular is the provision of letting more things in the same website. People want to get hold of all kinds of shopping things in one go. In such cases the owner can make it possible by making the things available in the same website. Purpose and Current business plan of specified businesses The exclusive purpose of this study is to make absolute investigation over the issue of maintain the consultation service and the selling of products. It is very important to see the consultation service and the selling of products with a bigger perspective. The provision for the consultation services through the online consultations or the well noted e-consultations refer to a wide ranged exchange between the relationship initiated by the government and particular citizens who is on the other side of the Internet. These people are all a kind of online deliberators. The scope of online consultation consists of the dominance of using the Internet in order to make a survey among a group of people for a specified group of topics. It is the means that allow for trade-offs between all the participants. As a matter of fact in general the agency or the specific consultant consults a social or a communal group of people to get the reaction or the range of satisfaction regarding some products. This is done through the allotment of a project or a specific policy for the development or the specified implementation. As for instance this is the best means to identify or make a proper access of all the options, or to process of implementing evaluation on the ongoing activities of a particular company. This is a kind of business that enables the government to make a static draft for the affiliation of more citizen-centered policy within the country. Added to this the publicity through internet is the best possible way of branding for the smaller operations. It gives the possibility of making the process more prolific and very appropriate for the purpose of setting fully managed and very well structured and automated website that can attract all kinds of entrepreneurs in the UK and around the world and seen a massive increase in so-called dot-com millionaires around the all through out the world. The numbers of online companies are increasing in a very large number and are dominant in adapting the notions of the changing environments and keeping their costs at a very marginal level. The price are so arranged that they are mostly far below the margin of what the larger companies determine. This is the perfect means through which the consultation service and the selling of products can grow and reach most of the marketing sectors and can give completion to their larger counterparts. The next job is that of the online music store. The popularity and availability of the popular music is the root purpose of development of this particular business. This is a small business that is done as an online business for the selling of audio files, in most cases these files are usually music. The selling is made on a per-song or subscription provisions. The whole concept is very much a part of the Internet's first free with the high fidelity online music archive. This is also made available for the downloadable songs. The realization of the big and dominant market for this particular kind of service grew as a widespread provision towards the economic growth around the country. The posters and self signed autographs and other accessories are the added scopes for its growth. As for the data as declared in ‘Doing Business’ 2009, there are the provisions for indicators that are very much used in order to analyze the economic and the resultants for the identification of the necessary reforms that have worked in the small sector business in UK. As per the Doing Business methodology there are various limitations for the persuasion of this particular business sector. Contribution of specified businesses As stated by Justin G. Longenecker, Carlos W, Moore J. William Petty, Leslie E. Palich (2006) the contribution of the consultation service and the selling of products sector in UK is indeed large3. It is the sector that dominates the UK economy to a great extent. Notably, Apple Computer CEO Steve Jobs claimed in his introduction of the iTunes Store that file swappers get paid less than minimum wage for the work required to download audio. The advantages get hold over the follow ups of all the copyright laws. There are more consistent and well defined higher quality of collection related to the meta-data this is because the whole process has got the entering of the meta-data on a very centralized and specifically coordinated phase of doing by all the music lovers and the groups of financial interests. The activities related to the process of music download are well dominated by the small companies that are more dependable over the accountable courses related to the users. They are more in terms with the market and the demand proceedings than the creators of the entire popular track in the file-sharing programs. There is the centralized repository made over the music that makes it more comfortable and easier to get all the tracks that the customer wants to have. However, it has been well recognized that there are many kinds and types of the consultation service and the selling of products in UK that are very successful and are performing in a much better way in the hard times. They are competent enough to cut the costs to the very permanently persisting bone quicker position than moat of the predominant larger counterparts. The dominance of the online consultation too is of great relevance to the publicities and the process of branding and advertisings are done through Internet and that brings in the processing of a very popular medium for the consultation service or the selling of products owners. This is the best possible medium as has been discovered as the consultation service or the selling of products owners to counterpart their larger competitors. They are also in a position to attack various marketing and selling sectors in UK and all over the globe, that is the international; market. According to the assessment as has been forwarded by the DTI's Small Business Service, that is the SBS, there is a tremendous increase in the small business sector of around 260,000 firms. These are all very active in operating since 2004. As per the statistics 2004, has got the best possible scope for the growth of small business sector in UK. It has increased the business population in a very large number since 1995 and is going to have immense growth by 2010. necessary changes for financial support While perusing the process of funding and economic support in both the cases, it is very important to follow certain new rules in place of the let go regulations. These rules are strict enough for the betterment of the consultation service and the selling of products in the market. The one, who has planned to take some financial support for his business must get the assurance of having the necessary needs to initiate with the building of a great relationships with the financer. The process of early repayment to avoid penalties is one of the basic needs. The person also needs to avoid all kinds of restaurant plans. Added to all these the person who is taking the loan needs to be very particular about making the selection over the loan. For both the The online consultation service and the online music selling of products are very adamant in manipulating the business mobility. The most outstanding part of growth in the consultation service and the selling of products depend on the cost of production. In case of online consultation and the online music selling it is very necessary to have provisions for the cheapest loan are very much at risk and thus needs to be avoided. The quality business plan should be well analyzed and followed with expertise and dominance over the relevant sources. The person who is into the business must have the dominance over his field and the market speculations. It is very necessary to have the ideas related to the business concern and to see its prospects in the future. dominant researches of specified businesses The dominant kinds of researches as has been initiated by the people to run the consultation service and the selling of products are in demands of more time. The dominance of these two selective businesses is a part of the third category business strategies. It has been discovered that 65% of these people have some form of business strategies and structure has got the added advantages related to the computing phenomenon. However there are very few, that can be estimated as just 15% who can positively “work anywhere”. The consultation service and the selling of products sector has got the facility of being in the consistent rate of surpassing their prolific expectations. This is very much regardless of the size of the company, and irrespective of the geographic location. All kind findings done through the researches shows that those who are optimist about the benefits of the consultation service and the selling of products can bring about proper structure for the persuasion of the same. The online consultation service and the online music selling of products are very adamant in manipulating the business mobility. The most outstanding part of growth in the consultation service and the selling of products depend on the cost of production. Conclusion Eventually, we can conclude that the consultation service and the selling of products has got enough contribution in the UK economy. There is the need of proper persuasion and planning to achieve the necessary goals and targets. It is very important to get hold over all kinds of modifications that are necessary to understand the conditions of the market. The expertise is very important and there are many means that can support it. As for UK, it is necessary to have the financial support is the most critical part and the person who is into this business must have a good reputation with the Bank for future persuasion. As demonstrated by Simon Bridge, Dr Brendan Murtagh and Professor Ken O'Neill, there is a kind of understanding about the social, economical and the wider acknowledgement of the third sector in UK. The third sector is the ultimate sector that fills a very wide and significant gap through the application of a comprehensive range of relevant topics in one kind of business development resource. This is the best possible means through which the youth of UK are getting the scope of gaining the knowledge about the social economic and more appropriately the social capital in the economy of UK. This has been well illustrated by the comparison that has been made through the private as well as the dominant public sectors from the real-world examples in the local, national and the international market. Sources Allister Heath, UK public sector statistics to be rewritten once more, Publication: Sunday Business (London), May 22 2005, http://www.allbusiness.com/economy-economic-indicators/output-demand-gross/8208234-1.html [retrieved on 4th of Jan. 2009] Is the small business sector dead? , Investments News - Last Updated Sunday 28th December 2008, http://www.financialadvice.co.uk/news/5/investments/9090/Is-the-small-business-sector-dead.html [retrieved on 4th of Jan. 2009] Justin G. Longenecker, Carlos W, Moore J. William Petty, Leslie E. Palich, 2006, SMALL BUSINESS MANAGEMENT Launching & Growing Entrepreneurial Ventures, 14e. Copyright 2008, 244 page #'s. THOMSON SOUTH-WESTERN. Mobility in the UK Small Business Sector, 2006, The Bathwick Group, Research Study White Paper Mr Simon Bridge, Dr Brendan Murtagh and Professor Ken O'Neill, 2007, Understanding the Social Economy and the Third Sector, Palgrave Macmillan Strong growth continues in small business sector, August 26, 2005, http://www.bytestart.co.uk/content/news/1_12/strong-growth-continues-i.shtml [retrieved on 4th of Jan. 2009] Read More