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Economic and management sciences

Grade 6

The business plan

Module 9

How will the business be run?

  • How will the business be run?

Thousands of people buy and sell products and services, but all businesses are not run in the same manner. Some sell from a mobile unit (ice-cream seller), others do their business from a stall along the street, or on the pavement, while other entrepreneurs run their businesses from their homes.

  • Where will the business be located?

It is very important to find the right location for the business. Many entrepreneurs find that their concepts seem to fail right from the start, simply because they are badly situated. An enterprise should be situated as closely as possible to the clients, but the rent of the premises should not be too high.

Answer the following questions after you have decided where to locate your business:

  • What will the address of the business be?
  • Are you sure that the local authority or inhabitants of the area will allow the business in the area?
  • Why have you decided on the particular location?
  • How will the product be stored?

This will depend on the nature of the product . Is it perishable or not? Is it large/small? A store might be required. It is also worth looking at the idea of delivering the product directly to the customer, rather than storing it.

Service , however, cannot be stored. When service is rendered to a client, time is also delivered and should be presented as attractively as possible. Once the time has passed, it cannot be bought back. To generate income from time, you have to strive to be busy doing so every moment of the day. This means that you have to concentrate on special offers during the quiet season of the year.

In the rain season the price of washing cars could, for instance, be lower because cars tend to become dirty sooner and owners might consider washing them more frequently.

Try to determine the time of year of the quiet season by experience and then make adjustments to the price of the product to compensate for this.

  • How will the product/service be distributed to customers?

What will it cost to transport the product from the production point or purchase point to the client? Will vehicles or extra staff members be required? Remember that the product has to reach the client in good condition. Speedy delivery is therefore important. You have to be able to do it better and faster than your competitors.

If the idea is to sell "vetkoek" (dampers) with minced meat fillings to scholars, it will not be prepared at the school. Break times will have to be determined and the production schedule will have to be planned in such a way that the "vetkoek" arrives at the different schools while it is fresh and warm.

In South Africa, where service is often poor, the speed and reliability of the service is an important factor and could ensure the success of your business.

  • How will after-sales service be provided?

Will any service be offered to the client after the sale of the service or product and where would this service be available? Would there be visits to the client's home or would the service be provided from the business premises? If any promises are made or guarantees are offered to the client, they should be honoured.

Questions & Answers

where we get a research paper on Nano chemistry....?
Maira Reply
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Google
da
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Bhagvanji
hey
Giriraj
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
revolt
da
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
Nasa has use it in the 60's, copper as water purification in the moon travel.
Alexandre
nanocopper obvius
Alexandre
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
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Source:  OpenStax, Economic and management sciences grade 6. OpenStax CNX. Sep 08, 2009 Download for free at http://cnx.org/content/col11013/1.1
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