Table of Content
Literature review 6
Research methodology 9
Company Profile 11
Company Analysis 12
Competitor analysis 16
a) Direct competitor: 17
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a) Indirect competitor: 17
b) Future competitor: 18
i. Systematisation: 20
ii. Web presence: 20
iii. Customers: 20
iv. Plan: 21
Small business enterprises play an important part in the economy if a country. Small businesses constitute the maximum business establishments in any country where the number of employees is less than 500. In developed countries the major portion of the business is occupied by the small business entities, whereas in developing economies it is seen as an opportunity to eliminate unemployment and poverty (Unido, 2004, p. 17).
A small business enterprise is defined as an independent business entity. The small business entity is found not to be dominating the operations in its own field. A small business is different from the large business in context to its functionality and way of approaching the business market. The main objective of this research is to provide an insight about the small business. An analysis based on the strength and weakness of the small business enterprise will be part of the research. Moreover, the contribution and affect of the small business enterprises to the economy of a country will be analysed.
Literature review plays an important part in any research based on a particular topic. The main focus of this research is to analyse the small business enterprises and their role in shaping the economy of a country....
The study on small businesses reveals that the owners of such enterprises do not prefer innovation or change in their functioning of business. Most of the small businesses are founded based on the established business models and practices (Stokes & Wilson, 2010, p. 34-35). Small firms are believed to have added large share of employment to a country’s economy. Most of the new jobs are added in services such as leisure and hospitality. In the study of small businesses it has been noted that most of the large enterprises faces stiff competition from the smaller firms. Though the competitions will not be matched in every aspect, still competition helps the small business firms to enhance their efficiency in terms of productivity (Pride, Hughes & Kapoor, 2011, p. 143-144). The small business enterprise is found to have certain important features which make it a different entity. The characteristics can be discussed below: Small businesses are managed in a personalised manner by the owner of the business entity. The market share for such enterprises is small in comparison to the large business enterprises (Needham & Dransfield, 1994, p. 135). The owner holds all the power for making decision and implementing the same. The small business enterprises do not have any specific shape and size as they range from a coffee bar to a retail outlet. The large enterprise has no control over such enterprises which makes them independent in their operations. It has been noted that the number of employees in small business enterprises are significantly less than 500 or even lesser for construction business. The small business enterprises are no more confined to a particular location, but are rather going global. Globalisation has become the need of the hour and with the
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(in order of likelihood) that could impact your business.] 9 Legal considerations [List the legislation which will have some impact on the running of your business. For example: consumer law, business law, or specific legislation to your industry. 9 Sustainability plan 10 Market research [What statistical research have you completed to help you analyse your market?
Overview Cloudreach is a small company dealing with cloud computing. The company primarily strategizes aspects of “Make it happen” which is also considered to be as the company’s mission. The best thing about the company is that it operates with very less number of members i.e.
The small business success depends on the management and business skills. Things to consider in planning a small business like in period picture framing and small craft workshop for furniture business needs a good and effective business plan. According to Prof Johan Strydom 80% of all South African small businesses fail in the first five years of their existence.
We realise that majority of those who attend festivals are young people and our business targets the age groups between 16 and 24 years. These comprises of the most active and adventurous individuals who are most likely to be willing to sample new foodstuffs in the
According to Bodie et al (2004), it is the amount arrived at as a difference between income and expenses. Mils et al (2002) call the flow of cash into a business and out of a business, in a form of income and payment ‘cash flow’. Another
n business psychology, entrepreneurial personalities share some given characters: a successful entrepreneur is highly motivated, creative, opportunistic and proactive. In the contemporary setting, the General Enterprise Tendency (GET) test can be used to assess and estimate
All these elements of a business plan have a very high likelihood of changing as the business proceeds because a business plan is just a theoretical concept that might not be applicable fully in the real world of business. In most cases the budgeted capital increases once
In addition, small business plan rating also depends on the amount of taxes that they pay within a given financial year, as well as the total amount of their assets.
A small scale business enterprise, is an
These hotels which actually started their offering with providing a place for the workers who were too late to catch the last train to their home or did not want to go to their homes have expanded their business over the years. The capsule hotel industry
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