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Starting and Running a business.

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Introduction

There are quite a lot of aspects to consider when you are planning to start your business. The needs of a business: - All business needs resources. So we do. These are some resources includes * Premises (Building or property) or at least some space in which we can work. * Equipment such as computer, furniture etc. * Raw materials or stock, if goods will be made or resold. * Someone to deal with customers or process enquires. This may be the owner or additional staff may needed or secretary. * Basic fresh item from carrier bags to printer paper. * CCTV certificate, Fire certificate etc. We need resources that are required and works that cost of each calculation, the start up cost and then decide what tasks must be done and in what order before our business can start trading. Advantages: - There are many advantages for needs of a business. They are following. * We need premises for office so we can communicate with customers. * Computers are important because we can do our work quicker then paper work. Furniture is also required because we will put our office stuff. ...read more.

Middle

Planning techniques includes: - * First you think about what you want to achieve in 12 month time and where you want to be. After that identify the steps and resources that are necessary for achieving this goal. * Using a wall planner to enter key events and preparations for these. * Recording all commitments and 'to do' personal organiser or diary, so anything that is important is never forgotten. Controllable and uncontrollable aspects: - Controllable aspects are that where our partners can directly take some action. This may include * Reduce prices to sell off extra stock and achieve their target sales. * Sign up temporary staff to cover for staff absence due to illness. * Rescheduling work to meet an urgent meeting. Uncontrollable aspects are factor that can affect the plan but these can not be controlled by owners. They are * Changes in interest rates which affect the lone repayments * Competitors launching a new product or service. * The borough council or local authority introducing new parking restriction or one way system that reduces passing trade. * Suppliers increase their prices. Although uncontrollable issues usually involve an element of surprise, effective business owners try to be prepared. ...read more.

Conclusion

cash register * Install telephone/fax line etc * Buy stick * Appoint and train staff * Advertise opening. After this the owner needs to convert the entire list into actions plan using a wall chart, dairy or computer. The plan should also take into account the possibility that things could go wrong, such as stocks are being delivered late. Materials and supplies: - If our business produces well then we must buy regular raw materials for goods. If goods or services are brought ready to use or sell then we called it supplies. In both situations every business needs to find cheap and dependable recourses. Then we need to decide how often to re-order material and how much to order. But before we make any decision we need to look at * Storage space * The effect on the cash flow of paying for large quantities of goods. * Possible discounts for bulks purchases. * The length of time form ordering to deliver. This is called lead time. Whatever we decide, we have to look at how much stock is needs to start up and routine system of reordering needs to be established. ?? ?? ?? ?? Starting and running a business Jawad Ali 11NPH ...read more.

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