Small Business Management. by Besarta Citaku https://padlet.com/lon180919013/jxwog8tl4hcu3qh2 The 4 following aspects of 'Eve Sleep' en-us 2022-04-04 13:37:31 UTC 2022-04-04 13:44:32 UTC hello@padlet.com lon180919013 https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128661617 Understanding how a small business uses management to help grow.

]]> 2022-04-04 13:40:54 UTC https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128661617 Growth Strategies lon180919013 https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128662807 - Partnered with outsourcing companies.
- Up to date technologies and logistics.
- Can increase the efficiency of operations.
- Turnover stock.
- Generate greater revenues and profits.
- Plans to extend product ranges.
- Plans to distribute across the world.
- Penetrating different markets.
- Working alongside TFR group to increase recycling and reduce waste. ]]> 2022-04-04 13:41:29 UTC https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128662807 Operations Management lon180919013 https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128664010 - Where business aims to maximise efficiency
- concerned with conversion of materials into profit
- working capital reduced by 46% in 2019 to 2020
- 2019 = £1.6 million
- 2020= £0.6 million
-less capital necessary to fund day-to-day operations 
-outsourced partners to handle manufacturing and logistics

Gap = business still working at operating loss
- hindering ability to generate profits
- can lead the business into decline
better operations must be maintained to guarantee business health ]]> 2022-04-04 13:42:04 UTC https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128664010 Marketing of a small business lon180919013 https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128665327 -Eve sleep prides themselves on quality service
-Do their best to provide top-quality product ranges 
-Delivers marketing strategy to same standard
-Quality suppliers and production process
-High sunk marketing costs
-Marketing costs fell by 49% in years 2019-2020


GAP
-Expenditure on marketing may not result in targeted increase sales 
-Cannot be certain if media stategies are working 
- therefore allowing high sunk costs to seep in with no usefulness

]]> 2022-04-04 13:42:37 UTC https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128665327 Financial Planning lon180919013 https://padlet.com/lon180919013/jxwog8tl4hcu3qh2/wish/2128666170 - Cutting costs in order for the organisation to reach their full potential
- Understanding cost of goods minus the revenue to calculate the remains.
- Generating greater sales revenues and indicating larger market penetration will help to improve the business performance.
- Understanding the financial figures within the organisation will determine whether the business has any room for growth.
- There may be certain encounters regarding finances that may not allow the business to reach its full potential and generate high turnover. 

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