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Student`s email firstname.lastname@example.org Introduction to Business recourse…………………………………………………………………………………………………………. 1
Introduction to business recources
Starting a business can seem like a daunting task. In fact, it is. Of the many businesses that open each year, many fail to last as long. Though there is no guarantee for success, an entrepreneur who has properly prepared has a leg up on the competition. In addition to a strong business plan, there are five resources that contribute to the success of a new enterprise.
The most important element in starting a business is funding. Even the most basic home business incurs a multitude of startup costs, including registering a business name, obtaining a business telephone line and printing business cards. Financial resources can be obtained from a variety of sources, the easiest being from the personal accounts of the company’s founder. Alternatively, loans and lines of credit may be granted from financial institutions, friends and relatives, private investors and even the United States government. In addition, many grants are offered from private and public sources to entrepreneurs of all demographics and personal situations.
The success of an organization is heavily reliant on the talent and strength of its employees. The hiring of experienced professionals with track records of excellence within their area of expertise ensures that the mission and goals of the company will be carried out efficiently and with competence. Strong team members can be recruited using a variety of methods. Staffing agencies and executive search firms specialize in placing talent of all levels within every industry. An alternative is to find employees through referrals from individuals whose judgment is trusted.
Perhaps the greatest thing an entrepreneur can do when establishing a new business is to gain as much education possible. By understanding her competition and gaining an in-depth knowledge of her industry, she will be better prepared to make smarter decisions regarding the direction of her firm. Educational resources can be found through professional trade associations that are geared toward her industry, her local chamber of commerce as well as the Small Business Administration.
Whether a small home business or a retail operation with multiple locations, every organization must have the appropriate physical resources to survive. This includes a proper workspace, working telephone line, adequate information systems and effective marketing materials. This aspect of business planning can be one of the costliest. As such, it is important for an entrepreneur to realistically assess his needs before making any purchases.
Starting a business can be an extremely stressful endeavor for an entrepreneur to undertake. To maintain her sanity as well as stay motivated, it is important she have a support team that can give her inspirations and guidance as needed. This team may be composed of friends and family as well as a mentor or professional group.
P1 - Describe the recruitment documentation used in a selected organisation
Describe the recruitment documentation used in a selected organisation. If Tesco are looking to recruit workers to be behind the till and on the shop floor, first of all they will advertise the job role, they can do this in many ways today. They can advertise the vacancy in a newspaper, posters, website, web adverts. As the job role does not require very skilled and qualified people, the recruitment process will be a lot faster. When Tesco