Question: Basically i have done this assessment and based on this assessment you have to do the 2nd one. Mine one is the following one. 1.
Basically i have done this assessment and based on this assessment you have to do the 2nd one. Mine one is the following one. 1. Project plan
1.1 Anoverview of the project idea
Brexit is one kind of withdrawal agreement thatwas identifiedin the UK marketplace. As asserted byTroitioet al.,(2018), a huge amount of impactsareidentified in the UK economy due todeveloping theBrexit process. Brexit has affected the small business of the UK Economy, which is reducing their marketplace and business resources as well. Tax revenuesare decreasedin the UK marketplace for the deficit process due to Brexit. From the resources of the author's statements, it canbe understoodthat the initial investment processes of the small business are reduced due to this factor occurring in the business.
Figure 1: Brexit impacts on different sectors of Small businesses in the UK marketplace
(Source: Statista.com, 2020)
From the above figure, it canbe optimisedthat various sectors are negatively impacted in business for the Brexit reasons that reduce the annual growth rate of all businesses. SMEcompanies like financial companies and other types of companies are facing issues (Statista.com, 2020). However, it also hasbeen analysedthat, these Small types of businesses are ready to face the marketplace challenging process of their business.
1.2 Project aims and objectives
Aims
The main aim of the project will be to identify the impacts of Brexit on small businesses in the UK marketplace.
Objectives
To analyse the positive and negative effects of Brexit on the UK marketplace.To underlineEconomicalimpacts of Brexit on small businesses within the UK marketplace. To identify the strategic process to avoid Brexit issues in small businesses within the UK marketplace.
1.3 Problem Statement
The topic is mainly based on the impact of Brexit on small businesses within the UK marketplace. According to Feldmann and Morgan (2021), after the post-Brexit effects, it hasbeen identifiedthat the UK has changed their trading process as well as regulation crediting practices. These factors enhance the issues of the economic level of the small business appropriately. Apart from this, the UK faces a high range of trading barriers that creates huge issues in business processes within the marketplace. The light willbe mainly shedon Brexit positive and negative impacts on small businesses thatcreatehuge effects within the UK marketplace. The situation of the small businesses is another highlighting factor of this study that is trying tobe evaluatedas well.
1.4 Literature Reviews
Analyse the effects of Brexit on the UK marketplace
Brexit is one of the effective factors thatwereidentifiedwithin the UK marketplace. Various types of impactswere analysedin the economic process of the small businesses that reduced their GDP growth rate. This factor reduces the level of the economy within the businesses, which also reduces the British income level to 0.6% and 1.3%(Statista.com, 2020).Asasserted byBiginaset al.,(2022),cheaplabourwas not foundedby the business persons at this time, which reduces the working capabilities within the UK marketplace.
Identify the strategic process and Economical impacts of Brexit on small businesses within the UK marketplace
Brexit is one kind of British business factor thatis identifiedwithin the UK marketplace and creates huge negativeimpacts thatreduce the growth opportunities in business. Economical aspects are effects within the businesses that reduce the growth rate. As asserted byTroitioKerikmeandChochia(2018), Tax revenue-relating issues and initial investment issues are the two most effective factors thatwere identifiedas economic impacts of the Brexit process on small businesses. However, in present days many organisations are trying to cope with the Brexit process that influences the small business situational process as well. According to Feldmann and Morgan (2021), small business-related organisations are trying to negotiate with UK legal aspects that help to turnover their GDP growth rate. Apart from this,onthe other hand, some kinds of sales businesses' annual growthare increasedfor these Brexit porches that help to influence their import process of goods as well.
1.5 Conclusion and time guideline
From this study, it canbe understoodthat Brexit is one of the major factors that creates a huge level of issues in business. The smallamounts of positive impactsarealso identifiedbut negative ways of impacting processes are mainly illustrated in this study. The problem statement of the study and various porches of the topic lineisidentifiedby covering all literature practises properly. Thus, from this study, it canbe concludedthat Brexit is one of the major factors that create huge positive and negative impacts on business.
Timeline by usingGanttchart
| Activity | Time frame | ||||
| Week 1 | Week 2 | Week 3 | Week 4 | Week 5 | |
| Conducting the proposal of the project | |||||
| Submitting the proposal of the project for getting the approval | |||||
| Collecting the data and resources | |||||
| Analysing the data appropriately | |||||
| Conducting the project | |||||
| Submitting the project |
Table: Project Timeline
this is my assessment. Now based on this you have to do the following one the assessment 2 Assessment 2: I need to get the Research report for the 2nd one Executive Summary/Abstract (not included in word count) 1. Background (introduction) (300) background about the industry/company go from general to specific (start from worldwide impact and bring it closer to UK) provide facts and figures about the impact (if possible) identification of problem 2. Project Aims (100) Aims and objectives of the project problem statement research questions 3, Literature Review (1000-1200) Introduction: general overview of the topic and should have mention the keywords used to find the literature (at least 5 keywords). The last paragraph in the introduction should be about the purpose of this short literature review o Main body: Definitions Positive arguments Negative arguments o Conclusion 4. Methodology (300) Research Philosophy Data collection o primary or secondary data o qualitative or quantitative limitations of the project 5. Problems Identified (500) Findings of the study after secondary research Try to convert the findings in themes I need Discussion on the findings 6. Conclusion & Recommendations (300)
this should be based on these topicsl too
Impart of Brexit in small businesses in the UK 2. Impact of Brexit in the UK's Economy 3. Impact of Covid pandemic in the UK's economy 4. Impact of Covid on aviation industry 5. Impact of Covid on tourism in the UK
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