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Analyse the guidance, advice and support available to a business to consolidate its operations and achieve sustained growth.

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Introduction

Transfer-Encoding: chunked I am working for Hounslow Chamber of Commerce as a trainee manager. The Hounslow Chamber of Commerce provides advice to existing businesses and to entrepreneurs seeking to set up their own businesses. In my user guide I am now going to analyse the guidance, advice and support available to a potential business and what actions it should take to consolidate its operations and achieve sustained growth. My analysis will also include how a business establishes itself in the market and how it looks to grow its activities to ensure its survival. Before a business can expand its operations they will need to make sure to complete proper research. For instance, they must consider the state of the economy before expanding. It is better to expand a business in the boom period because people have more disposable income. ...read more.

Middle

Profits is another factor that needs to be considered when expanding. This is because partnerships need to be shared amongst the partners and private and public limited companies? profits are shared amongst their shareholders in the form of dividends. One way to consolidate business operations is through mergers. Mergers is when you combine all of the interests of both companies into a stronger single company. This will help the business by merging you will become larger which makes it more difficult for competitors to compete as they will become a bigger brand. Another way to consolidate business operations is through acquisitions. An acquisition is the process of obtaining a company to build on strengths or weaknesses of the acquiring company. You can acquire another company by having more than 51% of the shares. ...read more.

Conclusion

A franchise is the biggest business there is. A franchise is where a large company allows smaller businesses to use their name there are the franchisor and a franchisee. This is good because you will get a share of the profits and royalties and the franchisee will have to pay a large sum of money to buy it. Also you supply the materials needed at your own cost which could be set at a high price. Moreover, online operations is another way to increase activities. This is when you sell your products online which means that people worldwide can buy your products. This is good as it provides a greater and wider target audience which can improve sales. Also you can charge the customers for postage and packaging. Also it can increase customers as it?s more convenient for shoppers to use. Overall, using the guidance on what actions it should take to consolidate its operations they will achieve sustained growth and grow its activities to ensure its survival. ...read more.

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