Small Business Analysis Essay - 1326 Words

Small Business Analysis LDR 531 Organizational Leadership Small Business Analysis The Small Business Administration of the United States federal government defines as a small business â€Å"†¦as one that is independently owned and operated, is organized for profit, and is not dominant in its field (SBA, 2012).† In the area of â€Å"services†, although there is mostly no limit on how many employees form part of the business, annual receipts may not exceed $2.5 to $21.5 million depending on the type of services being rendered (SBA, 2012). In this small business analysis paper, the business profile of Shampoo, a local beauty salon and spa business will be analyzed and its organizational structures will be discussed in depth. Business Profile†¦show more content†¦Organizational Structure Shampoo’s organizational structure is a flat line organization. This type of organization has the advantages of being more available to the needs of the costumers and empowers the employees to make small decisions on their own (Nickles, McHugh, amp; McHugh, 2010). Its employees have their areas of responsibilities assigned to each and they concentrate on accomplishing their tasks and contributing their part in the service process. The oversight is provided by a floor leader that is also an employee with assigned but more administrative tasks, such as: purchasing required materials, administrating the cash register, and maintaining the appointment’s calendar. The business owners filled in the role of company management, as they provided the necessary facilities and utilities, and constantly measured the costumer feedback and evaluations in order to ensure that the employees performance are in line wi th the business vision. Business Practices In order to accomplish the business mission, that is to treat every client as a star, the leader ensured that every employee’s actions were in keeping with the mission statement through a costumer feedback comments box. This box was reviewed daily on every close of business to ensure costumer satisfaction was met or exceeded. Throughout the span of the business, the owners have found that the employee’s actions have always met orShow MoreRelatedMovie Analysis : Small Business Owners1203 Words   |  5 PagesSmall Business Owners Must Know This One Thing to Survive Hint: Arnold Schwarzenegger knows it. (If I said dreadlocked alien would that help?) Some things deserve to die. Bad ideas. Bad investments. Bad obsessions. Bad Netflix series. These are just some of the blood-sucking enemies that small business owners face. If you don’t kill the blood-sucking enemies, you will die. Kill Parties with America’s Most Wanted Pixelon was a video business that successfully captured $35 million in financingRead MoreEssay on Analysis of Small Business Problems Priorities692 Words   |  3 PagesAnalysis of Small Business Problems Priorities Research Paper The following is an analysis of a business research paper written by Bruce D. 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Although these sound similar concepts, startups show up stark differences from conventional small businesses once we understand their fundamentals. I have had the fortune of being and working with hugely talented and entrepreneurial folks overRead MoreSmes Case Study1527 Words   |  7 PagesIn the United States, businesses with less than 500 employees, typically described as small to medium business enterprises, make up 99 percent of all firms, employ over 50 percent of private sector employees, and generate 65 percent of net new private sector jobs (Kotey and Folker, 2007). However, SME’s have high turnover rates regarding employees. The major factor of cause is compensation rates. This is typically not easy to adjust in most SME’s. So, we must explore the other factors that wouldRead MoreThe Concept Of Organized Business1491 Words   |  6 PagesThe concept of organized business is not as new of a concept as you might think it to be. People have associated themselves with like-minded individuals to achieve common goals for centuries. In fact, organized business can be traced as far back as the 4th and 5th century in the Roman Empire. In spite of being a monarchy, many businesses would be given special license by Caesar to operate as a single entity to carry out tasks essential to the function of Roman society. This type of grouping may not