You Are an Entrepreneur
Professor Rohan Chambers
February 16, 2014
In todays tide economic situation it has become harder to ensure you will find a suitable job and keep it for long. Many people are forced to stay in jobs they don’t like or that are not aligned with their educational background just so as to survive and be able to meet their basic needs. Certain people around the world look forward in converting their hobbies into businesses, they carry out different activities in such a manner that, they earn profits and in addition to that, they work towards compliance with the necessary rules and regulations without any kind of problem or ...view middle of the document...
Another activity for the organization is the human resource management activity. For the organization, it is very important to provide an appropriate level of training to the employees. The first work in my organization regarding the employees will be the selection of the employees. If an organization fails to select the employees in a proper manner, it shall be difficult for them to make sure that, it gives effect to its activities in a proper manner. The human resource management department of the organization plays a very important role regarding the selection of the employees, giving them training and ensuring that, they meet the organizational standards and accomplish the goals of the employees.
It is also likely that, the employees in the organization could end up leaving the organization due to some reason. Therefore, it is also important for the organization to make sure that, it reduces the employee turnover. The employee turnover within the workplace will be reduced by way of appropriate level of relationship between the employees and the organization. The employees working in the human resource management team will work in such a manner that, the relationship between the employees and the organization is improved so that better level of results is available to the organization in the future.
The marketing activities of the organization are very important for its growth and prosperity. An organization has to make sure that, it performs its marketing related activities in such a way that, it achieves the highest success possible. In addition to that, it is also important for the organization to ensure that, its sales and the profitability keep increasing.
For this purpose, the organization needs good quality marketing managers. The organization will have the ability to attract the customers and to retain them with the help of high level marketing practices. This way it can be said that, the marketing department of the organization will definitely be of high need for the organization and the organization should have proper investment in time in making this department.
Form of Business
There are various kinds of business forms which could have been selected by the organization in the present situation. The form of business taken into account is the partnership form of business. This is whereby there are two individuals involved in the business activities; therefore, it will be most appropriate for the organization to have the partnership form of business in the present situation. There are various advantages of making use of this form of business for the organization presently.
The first advantage of the partnership form of business structure is that, this form of business structure will be that, this form of business structure is established in a very quick period of time. There are not a lot of legal compliances required to be performed in this form of business structure. The partnership form of business is also able...