Small Business Operations
Business Topic : The business idea chosen is a catering services business. My business’s mission is to provide,prepare and serve high-quality and healthy simple foods made of delicious ingredients at our customer’s demand, with right time delivery and to promote our young catering service providers through consistent training on health ideas. On the other hand, vision entails what a company would wish to achieve. Our vision is to be a company whose employees would never wish to leave, ensuring our customers get the best in terms of products and services offered.
Use the same business idea above to complete this assignment. Write a 4–6 page paper in which you do the following:
Choose the legal form of organization for the business and support your choice.
Determine the organization structure that is needed initially to get the business operating, including the number of people necessary to get through the first year of operation, their job titles, and short job descriptions.
Propose at least three methods to encourage the employees to work together and build an effective brand.
Evaluate how your business will affect the various goals of the different stakeholders, including investors, employees, customers, and the community
Suggest a way to fund the business. Recommend how to attract equity investors.
Analyze how much of the funding should come from debt and how much from equity. Support your evaluation.
Determine the type of technology that is required to innovate this business to improve the growth and profitability of the organization.
Use the Internet to locate at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
Sample Solution
The process of managing the inner workings of your company so that it functions as efficiently as possible is known as operations. Every small business owner must oversee the design and management of behind-the-scenes work, whether they create items, sell products, or provide services. The precise definition of operations will vary depending on your industry and level of development. When it comes to optimizing operations, it’s sometimes necessary to think strategically about your systems and processes. Other times, it involves helping to bring every facet of a project, from the smallest to the largest, to life on the ground. You may not want to allocate a single individual to an operations function in a small organization.
