Small Business Enterprise Assignment Example | Topics and Well Written Essays - 3500 words

Small Business Enterprise - Assignment Example such provides basic amenities to the guests mainly in the form of a 7feet by 4 feet room and a TV to stay for the night comfortably at reduced costs. The company wants to expand abroad and build on the path of innovations. However among the major problems that the company is facing one of the problems is the problem of finance. The company is reeling under the problems of debt that is due to the fact that the no. of guests that the hotel entertains is very less. In case of a small enterprise the issue of performance is often overlooked. This is more so in a family owned business like that of Lubic. However, developing the necessary business skills is of paramount importance in managing the performance of a small and medium sized enterprise. This is because in case of the small and medium sized enterprise which are family owned the responsibility to handle the business is means of hereditary succession. However, if the successor is not worthy then the business performance is put to jeopardy. In order to improve performance it is sometimes required to introduce change. In order to restructure the business of the Lubic hotels for examples there are several changes that have to be introduced and if the business has to survive in the long run it has to embrace this changes. In order to see whether the proposed changes are working a review of the performance is taken after the changes have been implemented for a period of time. The small business enterprise that has been selected for discussion is a Japanese hotel named as Lubic small hotel. This hotel is formed to provide comfort accommodation to its customers at an affordable price. Since the concerned hotel is a small enterprise it is operated with the employee strength of only 8 members. Lubic small hotel had to face many obstacles and challenges in carrying out its business in Japan. The weakness that was encountered by the hotel is it faced the problem of inadequate supply of capital to renovate its hotel and