Small business Research Paper Example | Topics and Well Written Essays - 1000 words

Small business - Research Paper Example It is important to determine WHY the business is being set up and what is expected out of it. In this case of opening a restaurant we have clearly defined objectives. It is aimed at serving fresh halal food to the target community that is mostly based on students so the specialty is going to be fresh, halal food at cheaper rates. Now it is important to determine the input and output means. Input includes all the budgeting, hiring of employees and setting up the place etc an the out put is the result that is in the form of customers’ response and the profits. So first of all we need to determine the scale of this input and output. It is important to keep in mind and have a regular check on the customers’ and the suppliers’ requirements and their ease. It is important to have a smooth customer relation with the suppliers of raw materials like meat etc for the restaurant. On the other hand the customers’ requirements should be kept in mind and they should be regularly updated according to their demands. So in case of this restaurant, the customers’ response to food items is very important. Food should be cooked according to their demands and the rates should be regularized according to the customers’ pockets. Getting the employees into the process of planning is also very important. Thus they would understand the whole system better and define things according to their own ease and so that would help in running the plan smooth. Moreover, in systematized planning, clear definition of duties and process owning is very important. The employees should not be confused about their duties nor should they be over burdened. A good division of labor according to the duties is important for running the system efficiently. All the employees should be told about their duties clearly and they should be asked about those duties by the management in a constant check. A proper management and check and balance or monitoring is very