Small Business

In: Business and Management

Submitted By patlam
Words 2944
Pages 12


Ho Lee Fish Ball Company

LAM Wing Sze

Content 1. Executive Summary | P.3 | 2. Background – Ho Lee Fish Ball | P.4 | 3.1 SWOT analysis | P.6 | 3.2 Strengths | P.6 | 3.3 Weaknesses | P.8 | 3.4 Opportunities | P.9 | 3.5 Threats | P.9 | 3. Marketing Mix | P.10 | 4. Recommendations | P.13 | 5. References | P.14 |

Executive Summary
Ho Lee Fish Ball is a small business which is operated by producing fish balls and selling fish balls since1950. The company was initially run as a family business, till today, Ho Lee has setup its own factory, and its products are mainly retailed to Yuen Long, Tin Shui Wai, Tuen Mun and Tai Po. Its target customers are mainly focus on middle level income. The company wants to expand its business into a new market and increase the profit and competitive advantages. However, due to the retail stores rent continuously increasing, it affected the company hardly to open another store in Hong Kong; some of the markets are lack of operators, so even have a store with reasonable price, it also have high risk to start the business in those markets, such as Mong Kok; Besides, the prices of fishes and other raw materials also increased the cost, because of over fishing and too many competitors, both had dropped with the quality and quantity of fishes.
In this report, I found the internal factors and external factors affect the business growth by using SWOT analysis. The main finding in this analysis is the operation of Ho Lee is difficult to maintain in the future. The reason is the company was family-orient based in operation, but it is lack of talents to organize and control to the further development.
In order to solve this problem, Ho Lee should commit with a…...

Similar Documents

Small Business

...The government has released funds for creating a small business. This is the best time to get Webb’ Inc started. Sandy Webb will sit down and examine the forms of the four business organization would best suit her service. The company will consider legal, tax, accounting, and other implications when selecting from the four business types. The Four Forms of Business’ There are four main forms of business organizations that Sandy the owner of Webb Inc. must choose form to start the process of forming her business. The legal entity in which a business owner can choose from is sole proprietorship, partnership, C corporation, and S corporation. Along, with the advantages and disadvantages of each type of business form. Sole proprietorship is the most common form utilized for a small business. This type of form is used, especially in the early stages of a business controlled by one person. This one person is directly responsible for the management and conduct of the company. The advantage of present the sole proprietorship is that this is least experience to own and operate because there are no particulars concerning the legal organization. There are no rules governing in which it must have a purpose. The disadvantage of this type of form is that the owner is liable for the actions and debts created for and against the company. Tax implications for sole proprietors are taxes are paid on his or her personals income taxes. The business is not taxed separately. The legal......

Words: 1152 - Pages: 5

Small Business

...Small Business Examination Paper Danita Benson LDR/531 February 12, 2013 Cherlyn Conner Small Business Examination Paper ESI Companies is a small company in Bartlett, Tennessee. ESI Companies is proud of their credit of providing tactical security specialist, and solutions to relieve threats to the environment. They install and build security systems in courthouse, detention facility, transportation hub, office building, and production plant. The company has partnered with private industry, law enforcement, military agencies, and correctional and detention facilities to keep their operating environments safe and secure from the threats of criminal activity and terrorism. Organizational Structure ESI Companies small business organizational structure is or can be a partnership. They are comfort of knowing their professional posses the needed skills and expertise to assist with the customers design and build techniques with courthouse, detention facility, office building, production plant, and others. They also partner with customers for facilities renovations, and maintenance of their security system regardless of any unique and challenging security needs.    ESI Companies requires the customer partner in the design and implementation of their standards of operation intended to reduce the risks of security catastrophes. ESI Companies believe in working together to design, implement, build, install, and support state – of – the – art electronic surveillance and......

Words: 822 - Pages: 4

Small Business

...Abstract This paper explores the reasons why small businesses should begin to utilize the benefits of the internet and e-commerce to continue to grow their businesses. This is persuaded by the explanation of the continuous evolution of today’s society and how it is becoming more digital and mobile. The emergence of e-commerce and now e-tail has transformed the world of business and begun to make the world of buying products more convenient for customers. It is imperative that businesses begin to utilize the internet with this evolution and the benefits that come with it such as social media marketing, lower costs for the business, and other convenient benefits for the customer and owner alike. There have already been companies that have been able to succeed using the internet such as Karmaloop and Netflix. Although it is being shown that many companies are flourishing using the internet there are still some businesses that are not yet on board with this movement, which they need to soon reconsider. This paper will be used to persuade these business owners to begin to use the internet in order to help their businesses continue throughout the continuous evolution of our society. In today’s society everything has become digital. People all around the world are using cellphones, laptops, tablets, and all kinds of other new innovative technology. One of the main things that people do with these devices is shop for other products that they may want or need.......

Words: 2593 - Pages: 11

Small Business

...The U.S. Small Business Administration sets guidelines for a business to be considered a small business. Small Business Administration (SBA) sets limitations on the amount of gross revenue on an organization that may collect before the agency considers it a big business. (Evans, n.d.) Depending on the type of service business depends on the revenue cap to consider it a small business. Retail service cannot earn no more than $5 to $21 mil in a three year period, construction service can earn $13.5 to $17 mil in a three year period, and agricultural can earn $0.5 to $9 mil in a three year period to be considered a small business. (Evans, n.d.) If they earn anymore they are considered big business. To be considered a small business it must have less than 15 employees. A small business, by contrast, typically encourages employees to take risks, innovate and even circumvent management-established policies to find new ways of increasing efficiency. (Evans, n.d.) Small businesses unlike big businesses have a single owner usually. Small businesses must be operated for profit, according to the SBA, and may not pursue non-profit status. (Evans, n.d.) The laws of EEOC for all the businesses, small or big business include; Title VII of the Civil Rights of 1964, Pregnancy Discrimination Act, The Equal Pay Act of 1963 (EPA), The Age Discrimination in Employment Act of 1967 (ADEA), Title 1 of the Americans with Disabilities Act of 1990 (ADA), and Sections 501 and 505 of the......

Words: 716 - Pages: 3

Small Business ask frequently when they want to have fun in the city of Managua. We as a group found a business opportunity in the market of Managua. We have been doing some research about Nicaraguan market preferences, and we are trying to understand the different needs and wants they have. By asking some specific questions to a few of them we have found some vital primary information. Besides, we have been doing some observatory research to analyze certain behavior from people around different areas of Managua such as Gallerias and Metrocentro. In this project, we are focusing on providing a unique place to the Nicaraguan market where people can enjoy between their families or friends in one spot. This new business will be a two-floor building divided into three main areas: restaurant and bar(first floor), Night Club(second floor). This new place will be named ChillZone. At ChillZone customers will have the freedom to choose where they want to be according to the purpose of the visit. The benefits of this place is that everything is located in the same area, so customers will not have to worry about time and traveling trying to find a place to hang out. We will also provide security and transportation to all our customers. Type of business (A.B, C) This new business will be a combination between type A and C startups according to the information provided in our small business book. You may ask, why type A and C? We all know there is a great competition among bars,......

Words: 3487 - Pages: 14

Small Business

...Characterisitcs of Small Business/ Small Business in Bangladesh ------------------------------------------------- Nature of Small Business: 1. Small physical size 2. Small investment size 3. Small employment size 4. Management Style :Hired or Self 5. Market Size: Limited ,Local or Wide & Foreign Small Business classifies the following types of businesses as small if they meet the criteria listed below: 1. Manufacturing firms: A manufacturing firms is classed as small if it has 250 employees or less. Manufactures take raw materials and change into finished goods for sale  2. Services: Service firms with annual receipts of $2 million or less are classed as small. A service firm provides services for customers, and types of service firms including hotels, barber and beauty shops, all types of repair shops, plumbers, and electricians. 3. Wholesaling: Wholesalers with annual receipts of $9.5 million or less are classed as small. Wholesalers buy and resell merchandise sell in significant amounts to final consumers. 4. Research & Development: Firms engaged in developing newer methods, techniques of production, sales and software system can serve others who are in need of those.  5. Consulting: Consultancy services with regard to efficient management, project appraisal, raising sources of finance, methods of reducing risk, technical and engineering services etc. are providedthrough these types of firms. 6. Retailing: A retail firm is......

Words: 426 - Pages: 2

Small Business

...If you have a complaint against a business (or some other private employer) that involves race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information, the business is covered by the laws we enforce if it has 15 or more employees who worked for Filing a Lawsuit Note: Federal employees and job applicants have a different complaint process. If you plan to file a lawsuit alleging discrimination on the basis of race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability, genetic information, or retaliation, you first have to file a charge with one of our field offices (unless you plan to bring your lawsuit under the Equal Pay Act, which allows you to go directly to court without filing a charge). We will give you what is called a “Notice-of-Right-to- Sue” at the time we dismiss your charge, usually, after completion of an investigation. However, we may dismiss for other reasons, including failure to cooperate in an investigation. This notice gives you permission to file a lawsuit in a court of law. Once you receive a Notice-of-Right-to- Sue, you must file your lawsuit within 90 days. We cannot extend this deadline except when the District Director gives the parties a written notice of intent to reconsider before the deadline for filing a lawsuit. If you don’t file in time, you may be prevented from going forward with your lawsuit. Exceptions When Filing a Lawsuit If you......

Words: 690 - Pages: 3

Small Business

...Small Business Management Discussion Questions chapters 11 and 22 October 22, 2014 Chapter 11 1. Stuart Frankel, a Subway franchisee, came up with the idea for Subway’s “$5 foot long” to combat slow weekend sales at his restaurants. It was such a hit that Subway introduced the idea to all of its 33,000 outlets, and in 1 year it generated $3.8 billion in sales. One marketing consultant asks, “Is the $5 foot long just a flash in the pan, or is it a function of consumer price points and price elasticity that affect all markets?” What do you think? I think that it is a function of customer price point and elasticity that affects the markets because if the customer can now afford the product the demand for that product will increase. In the case of the Subway people didn’t purchase the product during weekends because it might have been expensive. 2. What does a price represent to the customer? Why is a customer orientation to pricing important? Price is the monetary value of a good or service. It is a measure of what a customer is required to give up in obtaining these goods or services. For an individual, price is a reflection of value. We, as individuals, may tend to pay no more than what we believe the good or service is worth. In the total marketplace, all potential customers evaluate the availability goods and services and therefore establish the demand for each. Value, like beauty, is in the eye of the beholder. When setting price for any good or......

Words: 5708 - Pages: 23

Small Business

...Small Business Paper 1 Over the last few years major retail companies have been hacked. Target, Sony and even Walmart, you may think that only big name companies get hacked. But to be honest small business are the major target of hackers because they do not have the resource or knowledge as the top dogs. According to Symantec Threat Report 82% of stolen information could have been protected if business had and follow a security plan. So what are some threats that small business face today, for example let’s take a look at a kiosk at a shopping center. Kiosk’s is an 8 billion dollar industry in the United States, the average mall has 20 kiosk and they sell apparel, cell phone and accessories all the way down to home décor. Why are kiosks at the mall so vulnerable to system threat? Because most of them us an iPad or computer to make their daily transactions. Let’s take a look at some of the threats a kiosk had to deal with. Number one since they use a computer or iPad that’s need to be connected to a network this alone is a huge threat because hackers can easily hack the network and get customers financial information. According to Symantec/Small Business Technology Institute Study 60% of small business have open wireless networks. This leads me to the second threat that a small business can get is a malicious code. Small businesses try to save money so they don’t really think about an anti-spyware program or anti-virus because of this the system is defenseless against a...

Words: 641 - Pages: 3

Small Business

... TITLE: SMALL BUSINESS ASARE, NANA 19 JUL 2015 MBA 610 There are three types of small entities. • "Small businesses" are defined in section 3 of the Small Business Act, 15 U.S.C. . 632, and in the SBA's regulations at 13 C.F.R. . 121.201 (2002). 5 U.S.C. . 601(3). • "Small organizations" are any not-for-profit enterprises that are independently owned and operated and not dominant in their fields (for example, private hospitals and educational institutions). 5 U.S.C. . 601(4). • "Small governmental jurisdictions" are governments of cities, counties, towns, townships, villages, school districts, or special districts with a population of less than 50,000. The size standard used by the Small Business Administration to define small businesses varies by industry; however, the SBA uses the "fewer than 500 employees" cut off when making an across-the-board classification. (A large percentage of small entities are not covered by EEOC laws, because they employ fewer than 15 employees.) If EEOC wishes to use a different definition for any of these types of small entities for purposes of an RFA analysis, it must consult with the Office of Advocacy at the SBA, publish the alternative definition for comment and publish the final definition in the Federal Register. If EEOC seeks to change the definition of small business in a general rulemaking context, it should contact the Administrator of the SBA. In accessing the Equal......

Words: 1424 - Pages: 6

Small Business

...STRATFORD COLLEGE LONDON SMALL BUSINESS ENTERPRISE UNIT 3 BTEC HIGHER NATIONAL DIPLOMA IN BUSINESS LEVEL 5 STUDENT NAME : Mubashir Mustehsan ASSESSOR NAME: PRIYA THAPA DATE:28/08/2015 S M A L L B U S I N E S S E N T E R P R I S E LO1: INVESTIGATE THE PERFORMANCE OF A SELECTED SMALL BUSINESS ENTERPRISE 1.1: Produce a Profile of a Selected Small Business GO GO PIZZA Food has always been a centre of attraction for Londoners and tourist whose number during the year 2013 reached to 16.8 million with many attractive ancient palaces of the kings and eye opening amusement parks London has always been a tourist spot. The densely populated metropolitan has a mixed culture and almost festivals are observed every second mouth. Traditionally Londoners prefer fast and healthy food but it is the diversity of people which has changed the behaviour of the people especially aged between 18 to 30. Pizza is the other feast enjoyed by the people. Indeed this delicious baked bread along with pepperoni, mushroom, obverse and unions with pizza sauce and cheese topping sometimes with chicken or meat toppings is much preferred choice of the inhabitants of London. It was founded as a restaurant with the name as “Go Go pizza” in 1984 on the basic of quality along with customer care. They have been rewarded for pioneering free delivering to homes and offices through free home delivery services. Another specialty of this company is the use quorn instead of meat (Meat Free). Go Go...

Words: 5882 - Pages: 24

Small Business

...decades have seen record numbers of entrepreneurs launching business. In 1969, entrepreneurs created 274,400 new corporations; today, the numbers of new incorporation exceeds 600,000 in a typical year! Another indicator of the popularity of the entrepreneurship is the keen interest expressed by students in creating their own businesses. Increasing number of young people are choosing entrepreneurship as a career rather than joining the ranks of the pinstriped masses in major corporations. In short, the probability that you will become an entrepreneur at some point in your life has never been higher! Research suggested that entrepreneurial activity remains vibrant not only in the United States but across the globe as well. According to the Global Entrepreneurship Monitor (GEM), a study of entrepreneurial activity across the globe, 10% of the U.S population aged 18 to 64 is engaged in entrepreneurial activity. The study also found out that 9.5% of people in the 42 GEM countries analyzed are involved in starting a new business. Even countries that traditionally are not know as hotbeds of entrepreneurial activity are home to promising start-up companies. 2. WHAT IS AN ENTREPRENEUR (Page 5 to Page 8) At any given time, an estimated 10.1 million adults in the United States are engaged in launching a business, traveling down the path of entrepreneurship. An entrepreneur is one who creates a new business in the face of risk and uncertainty for the......

Words: 5355 - Pages: 22

Small Business

...1.1 Produce a profile of a selected small business identifying its strengths and weakness. Introduction Caffè Finix Coffee shop is a local coffee shop in Stratford . Near the Stratford college and WestfieldShopping Centre. Caffè Finix Coffee shop Opened in 2009.Caffè Finix coffee shop is a famous daily necessity for local coffee addicts, a place to dream of as you tryto escape the daily stresses of life and just a comfortable place to meet your friends or to read a book, all inone. The shop owner is MrKhan. The shop is operate in a 1500 square foot shop within a walking distancefrom the Stratford college. The coffee shop start up fund £ 25000. Their employees 7, all are part time worker. Caffè Finix coffee shop provide coffee, tea and breakfast. SWOT Analysis: SWOT is the first stage of planning and helps decision makers to focus on key issues. SWOTmethod is a key tool for company to officials to formulate strategic plan. SWOT standsfor Strengths, Weaknesses, Opportunities, and Threats. SWOT model analysis factors that areinternal to the business and also factors that affect the company from outside. Strengths andWeaknesses in the SWOT matrix are internal factors. Opportunities and Threats are externalfactors. SWOT is the very popular tool in marketing because it is quick, easy and intuitive.SWOT analysis provides information that is helpful in matching in the firm’s resourceand capabilities to the competitive environment in which it......

Words: 2944 - Pages: 12

Small Business

... HND (Business)/ Foundation Unit 36: Starting a small business Assignment Title: “Starting a business” HND (Business)/ Foundation Unit 36: Starting a small business Assignment Title: “Starting a business” Submitted by: Ma Yamin Thu (Business Foundation) Submitted by: Ma Yamin Thu (Business Foundation) Date: (26.6.2016) Date: (26.6.2016) Contents Part 1: INTRODUCTION 2 1.1 Introduction 2 1.2 Objectives 2 Part 2: EXECUTIVE SUMMARY 3 Part 3: ASSIGNMENT 4 Task 1: Business Idea and Target Market 4 1.1 The initial business idea using relevant criteria 4 1.2 Identification of the target market 6 1.3 Demonstration the methods of the target market 9 Task 2: Required Skills 11 2.1 Skills needed to run the business 11 2.2 Legal and financial aspects that will affect the start-up of the business 13 2.3 Analyzing the areas of development skill 17 Task 3: BUSINESS PLAN 18 3.1 Proposal for starting a small business 18 3.2 The implications of legal and financial aspects 20 3.3 Business report 22 Part 4: RECOMMENDATION AND CONCLUSION 26 4.1 Recommendation 26 4.2 Conclusion 26 Part 5: REFERENCES 27 Part 1: INTRODUCTION 1.1 Introduction I am investigating to start a small business and I want it to become a viable one in the real world among the ever changing environment. Necessary, sufficient and reliable knowledge and information are needed in making a good decision. Skills and experiences are also needed in order to get the successful business. I need to have......

Words: 6895 - Pages: 28

Small Business

...Small Business Start Up Christopher Blasdel Accounting/ACC561 November 14, 2011 Julio Jimenez Small Business Start Up Starting a new business can be a daunting task but the end results can be incredibly rewarding. New business owners are the foundation for our capitalistic economy and without them, such organizations as Wal-Mart and Macy’s would never exist. In this paper, we will examine the four different forms of business organization, weigh their strengths and opportunities, and identify the best type for a future individual business venture. We will start by examining the four types of business organizations. “According to the U.S. Census Bureau, small businesses are responsible for over half of the private sector workforce, 50 percent the gross domestic product, 90 percent of exports and innovations, and 90 percent of net new jobs” (Anderson, 2004). The most basic type of business organization is the sole proprietorship. In this style, the business is typically owned by one person. The advantages of a sole proprietorship are autonomy, independence and full decision-making abilities. Since there is one owner, there are no shareholders or boards of directors to work with in steering the direction of the organization. The downside of a sole proprietorship is that all tax implications fall on the owner. This includes all profits made, losses recognized, and all liabilities and debts. For one person, this may be a very expensive venture and if the organization......

Words: 1080 - Pages: 5

BILDERRAHMEN BAROCK GIPS 53,5 x 44,5cm / 37,3 x 27,5 cm 3,3kg | 113 مسلسلات تركية مسلسل تكسرات الروح الحلقة 2 الثانية مترجمة مشاهدة وتحميل الحلقة الثانيه 2 من مسلسل تكسرات روح مترجمة اونلاين HD المسلسل التركي تكسرات روح الموسم الاول الحلقة 2... | PERSONALISED TEXT PHOTO NAME MUG Christmas Birthday Fathers Mothers Valentines