StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

How to run a good business - Essay Example

Cite this document
Summary
To start off with a business, one of the major things that we've to keep in my mind is the potential market of the business. If the market is big, you don't have to worry about the return of the capital that you were planning to invest in the business, though you'll have to invest it wisely…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
How to run a good business
Read Text Preview

Extract of sample "How to run a good business"

How to run a good business To start off with a business, one of the major things that we've to keep in my mind is the potential market of the business. If the market is big, you don't have to worry about the return of the capital that you were planning to invest in the business, though you'll have to invest it wisely. Second of all, we'll have to conduct a research on the type of business that we're planning to start as in if there is more room for the industry to grow, the products that have already been introduced in the industry as when entering an industry, we'll have to come up with the new plans and products to settle in the market first, and then to capture the market share.

After all this is done, we'll have to find a suitable place to set up the firm (where the demand of the business is more), the suitable people to run the business, proper equipment and assets and full fledge advertising to promote the business in order to attract the customers. As far as the Samah caf' is concerned, the owner would have to arrange for a large amount of capital to start off with the business as the assets and equipments used in the business will have to be state-of-the-art, up-to-date.

Secondly, Samah caf' will have to opt for a suitable place to set itself up where mostly the upper class citizens or the tourists live, as the main market of the business will be sheikhs, the upper class citizens of the city and the tourists. Once the location of the business is decided, it will then have to move its attention towards the qualified staff that would be required to run and maintain the business, as they play a vital role in satisfying the customer needs as they have specialized in that field.

Once all the basic things are done, the business will then have to arrange for the latest equipment that is required in the caf', in addition to that, the business will also have to chalk out a plan to run it successfully and for that to happen; it would need a marketing department to take the responsibility of spreading the word to the targeted market by all means of mass communication, which will be through the newspaper, internet, magazines, radio, pamphlets, billboards, and even door-to-door service.

Once the word of the business is all over the people, the company might then have to form a maintenance department to make sure that the demands of the consumers are being met.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How to run a good business Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
How to run a good business Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1509635-how-to-run-a-good-business
(How to Run a Good Business Essay Example | Topics and Well Written Essays - 250 Words)
How to Run a Good Business Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1509635-how-to-run-a-good-business.
“How to Run a Good Business Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1509635-how-to-run-a-good-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF How to run a good business

Business and Consumer Society

Though it is a good business, there was no immediate market for the produce.... It gives us, consumers, and knowledge on how to approach insoluble problems from a different perspective.... Name: Course: Tutor: Date: business Consumer society mostly depends on what is available for the public than what the firm will acquire and at the same time plan.... Consumer Ethics enables us to be flexible in business thinking (Bauman 45)....
4 Pages (1000 words) Essay

How Outsourcing Can Be Good for American Business

The research “How Outsourcing Can Be Good for American business” delves on the many advantages of outsourcing American jobs to other countries.... Outsourcing can be interpreted as good for American business and America as a whole.... Many American have lost their jobs because of the outsourcing phenomenon....
10 Pages (2500 words) Assignment

How Can Facebook Be Good for Business

Hence the site is a prominent platform for business promotion today.... Market analysts point out that Facebook is very helpful for companies in dealing with brand positioning in the current business environment.... Undoubtedly, most of the marketing managers will agree that a notable percent of their new business comes from existing customers.... Since a company's Facebook page will reflect its business and what it stands for, the management must pay higher attention to creating and maintaining its brand page....
3 Pages (750 words) Research Paper

To Build or Buy

The promotions carried out by the business will create a good business image, which will enable the business to gain customers trust and loyalty.... In order to run a similar business and attract customers from the other already established stores, one needs tactics and strategies to succeed.... One of the best businesses to run is a sporting goods shop.... One will then have the power to know how to deal with the different parties whether to strengthen the link between them or to weaken it....
6 Pages (1500 words) Essay

Family Business Research

60% of the respondents in this survey confirmed that family quarrels often get in the way of making good business decisions such as hiring external experts to deal with recurring problems (Brun de Pontet and Aronoff 46).... This is one area where family members can defer on how to take the company forward because, for the organization to progress, there needs to be a re-evaluation of the management methods, and the implementation of unique skills; which means the recruitment of external experts in positions of authority....
4 Pages (1000 words) Research Paper

Information Systems in Business

The coursework "Information Systems in business" states that International war game hosting has several advantages, one of which is that it requires minimal investment and start up time.... Since the website will be optimized with search engines, the business will be able to pay.... hellip; The advantages of international war game hosting include the minimal investment and start-up time, the ability for the business to pay for itself quickly, the efficient, fast and powerful communication, the environmentally friendly nature of the business, the fact that the business offers automation of inventory were discussed....
8 Pages (2000 words) Coursework

The Book of Proverbs Written by Solomon

These elements are such as money, how to conduct oneself in business and trade, the offering and accepting of bribes and the view of work.... From the paper "The Book of Proverbs Written by Solomon" it is clear that the modern laws of business borrow many ideologies on how a proper business should run, it is then upon businesspersons to ensure, they attain the fundamental qualities required.... This being considered, it is only logical that the principles he articulates in the book about business are fundamental to any person who undertakes business ventures....
7 Pages (1750 words) Research Paper

Business Plan for Hotel and Entertainment Centre for Pets

Absence of entertainment joints for pets makes pet owners to confine pets or leave them secluded at home for lack of a good place to walk them, or owing to tight schedules for work.... Therefore, a hotel and centre for pets will be a good opportunity as a business venture in this era.... The business plan in this case will narrow down to common pets that are kept by majority of people.... In this regard, Cats and dogs will be the most appropriate pets that will be referred to throughout this business plan....
13 Pages (3250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us