Start-up Business Requirements- Doc
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Added on 2020-01-28
Start-up Business Requirements- Doc
Added on 2020-01-28
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Start-up business requirements 1START-UP BUSINESS REQUIREMENTS Student’s NameCourseProfessor’s NameUniversityStateDateSTART-UP BUSINESS REQUIREMENTS
Start-up business requirements 2Table of ContentsINTRODUCTION...........................................................................................................................................3TASK 1..........................................................................................................................................................31.1 A discussion of the range for taking decision....................................................................................31.2 Explaining the information and knowledge which will help in taking decision.................................41.3 Internal and external sources of information...................................................................................52.2 Professionals and stakeholders communication methods for better business relationships.........122.3 Plan to involve the identified people in the decision-making process ...........................................132.4 Strategy for future improvements process.....................................................................................13TASK 2 .......................................................................................................................................................14Information to consider when buying an existing café. .......................................................................143.2 How development of existing communication processes can help the business to grow effectively...............................................................................................................................................................153.3 How to implement improvements to ensure greater integration of systems of appropriate communication processes to support future growth...........................................................................153.4 A personal development plan to improve communication skills....................................................164.2 Appropriate changes to improve collection, formatting, storage and dissemination of information and knowledge. ...................................................................................................................................174.3 A strategy to improve information system access .........................................................................17CONCLUSION.............................................................................................................................................17REFERENCE................................................................................................................................................18
Start-up business requirements 3INTRODUCTIONStarting a business is an appropriate idea for every enterprising individual to succeed. A business can be part of personal earning and development. Considering the past experiences, some individuals start a business and fail to do well against the previous plan of the founder. However, some people venture into the business and prosper within a short span of time. The difference is that there are some factors which need to be considered for any business success. Participating in business helps many people to develop their knowledge on mostly the area of academic understanding. Those with adequate knowledge on a specific area of study establish a business in that area. Conversely, some of the prospering business ventures have been started by entrepreneurs who have low professional knowledge about the industry. In such cases, the company is guided by the interest and passion of the entrepreneur (Grunert, 2007). TASK 11.1 A discussion of the range for taking decisionSome businesses such as a shop sell to sell high-quality foods require important information and research techniques before it is established. In order to succeed in the food industry, some consideration like such registration of the business is a paramount approach. The registration helps most of the business operators to prove that they poses the business they are running and they can defend it at all times. In addition, the registration assists the government especially UK government to evaluate the owner of the enterprise. Clear business identification can be required by the government to understand the loyalty of the citizen in relation to tax payments. The knowledge to have before establishing the business should be adequate for an individual to know which type of business to register and also the government regulations under the choice of business. (Johnson 1997). When an individual registers a business is reliable to
Start-up business requirements 4government taxation with regard to the type of goods or service the entrepreneur is offering. Thisattempt is a critical decision to make so that one can understand the requirements of a sole proprietor. This will defined the type of company and shoe the activity of them. That will be sown in the government eye. This will make the business activity ethical. In line with the food industry, a good decision of the type of food to offer should be considered. Some individuals prefer specific types of food prepared in specific places. The issue of deciding on the food premises to establish the venture contributes to the amount of income realized in by the company. When the food is prepared in a strategic place and the environment is clean, many people may decide to enter for the every time dish which may help the founder gather a lot of money from the encouraged customers. Strategic premises are expensive to pay monthly charges so an individual should evaluate his financial status before setting up the business. Such consideration may eliminate the close of the business due to low returns. An operator should poses good research skills to gather information on the type of food which sales in the area of business. Such knowledge help in motivating the customers to frequently visit the shop for food. (Zairi, 1997). By analysis all the factor decisions have to be taken effectively. This help in making the effective decision for the business start up. This will help in making survive in the market and help in making the effective profit for the business.1.2 Explaining the information and knowledge which will help in taking decisionDespite the fact that customers require food prepared in a conducive environment, the UK government imposes some restrictions on the food industry. According to health act discussed by Yapp (2006), which is administered by local health authorities, governs all the foodindustry premises to ensure citizens receive quality food. Such a decision should be considered to enable the operator to do the business under the set regulations. Any food operator should
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