Small Business Ent. 1. Investigate Performance of a Selected Small Business Enterprise.

1608 Words Nov 1st, 2011 7 Pages
1. Investigate performance of a selected small business enterprise.
1.1
J&S furniture is a furniture manufacturing company owned by two brothers John and Smith. J&S started operations in 2006 and there is a satisfactory growth in this business since then. However there are fall in turnover in some months as well. J&S import wood from Asian countries and manufacture furniture. Company had been able to get massive discounts from its suppliers because of bulk buying so this had helped them to keep their cost under control.
However government policies such as taxes on imports, interest rates and exchange rates have had negative impact on this business.
Taxes on imports
Since UK government is taxing heavily on imports from non EU countries
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31st Dec 2009-After the end of 1st year the company should carry out a market research and analyze all its sales figures in order to get a clear picture about the current position of the company and set targets for the next year.
15th Jan 2010- Make arrangement to open up the second outlet.
1st June 2010-carry out a market research and identify minuses and take remedial actions.
31st Dec 2010-Compare the performance of these new branches and to compete in the market.
4. Examine the impact and management of change in the business operations.
3.1
When new branches are opened the business operations become more complex and company will not be able to focus on services therefore Smith must make sure to design its business plans in a way that all objectives are achieved at the correct time. If one thing was neglected this will affect the business plan negatively resulting in heavy financial losses.
When new branch is opened Smith should recruit more workers. They should always make sure to recruit people who have experience in the similar field. This is more economical than training untrained people and also working hours should be arranged in a way that workers don't feel stress.
Minor staff's opinions such as customer service assistants should be taken into consideration when making decisions because they are the people who are dealing with the customers. Since the company is

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