Small business management is the process of coordinating all aspects of a small business, this includes managing your employees, suppliers, business finances and daily tasks. In addition to gaining essential knowledge about small business principles, you also need to understand financial management, human resource management and all legal requirements related to your business.
By defining yourself as a small business, you can win contracts and qualify for business loans from the government. You also get access to tools that can help you compete against larger businesses. Unlike large corporations, small businesses have limited budgets, they’re often focused on providing high-quality customer service and using creativity and innovation to create better products and services.
According to the UK's Companies Act 2006, a small company is defined as one that does not have a turnover of more than £6.5million, a balance sheet total of more than £3.26 million and does not have more than 50 employees.
The reason why small businesses are classified as a small business is that the management and operational issues of small businesses differ vastly when compared to large corporations. By defining your business as a small business, you can win contracts and qualify for business loans from the government. Unlike large corporations, small businesses have limited budgets, enabling them to focus on providing high-quality customer service and using creativity and innovation to create better products and services.
ALJ LDN MANAGEMENT SERVICES
From company formations, sourcing funding opportunities, managing employees, overseeing marketing and advertising. ALJ LDN business management is focused on coordinating all aspects of your business to ensure that it keeps on growing and achieves success.
Supporting our clients involves having a variety of knowledge and understanding relating to business topics. The onus is on us to oversee the activities of your employees; hiring, training and evaluating new employees and ensuring that the business is on the right track of achieving its goals. Key responsibilities carried out by us include:
Oversee the daily business communications
Ensure the day-to-day operations are running smoothly
Handle administration, marketing and CRM functions
Design and implement the company’s budget
Set sales goals and ensure that the team is on track to achieving them
Ensure the financial goal of the business are being achieved
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