|
Market
I Supply
I Infrastructure
I Business
management
I Finance
Business
registration I
Taxes/Customs
I Tenders
I Training
I Summary
Business
Management
Business
management
aims at drawing upon effective organisation and management
to achieve the entrepreneur's objectives. Business management
is all about co-ordinating your meagre resources such
as materials, financial and human, thereby, undertaking
your business activities efficiently and effectively.
Having the necessary skills in the areas of marketing,
costing your products and services, financial/business
planning and record keeping, are very crucial
for you to succeed in business. You may have taken some
business management courses during your school or college
days, or you may not. Which ever the case may be, you
need to look for opportunities to strengthen your business
management skills continuously. This can be done by
completing business management training courses intended
for people like yourself. In addition, you as a business
starter need to decide upon what form of business organisation
you have to choose. The choice may partly be done based
on the level of your investment capital as well as the
commercial code of the country.
General
aspects of business management
-
Do
I have the necessary business management
skills to start and run a new business?
-
What
form of business organisation should I register
in?
-
In
case I am going to hire labour, what type
of qualification do I need?
-
Do
I have the capacity to manage my personnel
issues?
-
What
series of pre-operating activities should
I perform?
-
What
pre-operating costs am I able to bear?
-
Where
shall I get as much information as possible
pertaining to regulations, finance and competitors?
|
Before
you start operating your new business, you need to select
in which organisational form you should establish your
business. The choice of organisational form is important
and can make a difference in:
-
Cost
of starting and registering the business;
-
Simplicity
of starting the business;
-
Financial
risk the owner of the business faces;
-
Possibility
of having partners;
-
Way
decisions are made in the business;
-
Mode
of taxation of the business profit.
Qualified
personnel:
This indicates the analysis of the number and qualifications
of the staff you need and labour organisation (production
workers, administrative personnel, salespersons) and
job description for your staff, labour costs and its
availability (survey of labour market using newspapers
and contacting the labour and social affairs bureau).
Market
I Supply
I Infrastructure
I Business
management
I Finance
Business
registration I
Taxes/Customs
I Tenders
I Summary |
