Establish Your Building Business Name Institution To be a successful businessman, one should at least possess a specific entrepreneurial mind-set and skills that will allow me to become truly successful in the construction field. There are number of key issues that will make it successful…
Without doubt, the company will have process flows representing how all of these errands and employees interact with each to produce the ultimate service or product (Gainforte, 2010) As partners, we are going to set out expectations, entrust, progress the training time, and duplicate for growth. We will also be required to have procedures documented. In some cases, we will be required to have operations manual in place. This operations manual will ensure that customers have the same experience every time they encounter with my company. Conversely the relation between complexity and planning for buildings is something we are not going to overlook. We are going to build a large a large building enterprise, where the mission is critical and the system highly distributed, the need for data architect, infrastructure architect, business architect enterprise architect and solutions architect is going to arise. To maintain the building licenses it is important that to consider having a superintendent in place (Yetton, 2010). The superintendent should be included in the hierarchy of the buildings management. It is important to should ensure that the superintendent is respected and respected by the board and management. Ideally, the job of the board is to lay down policies, while the job of the management will be implanting those policies. The superintend job is to supervise the building staff, and report back to the management. Furthermore, for board to be successful, it should keep its directives and policy decisions to a minimum to allow their subordinates, to carry out polices and procedures that not only benefit the company, but also meet the building policies. Quality and control and safety should also be major concerns for project managers. Defects in constructed facilities could lead to heavy costs. Even so, with slight defects, this could lead to re-construction and or the closer of the facility operation. Additionally, accidents either fatal or not fatal may occur during construction processes. It will be, therefore, paramount that I hire project managers who are highly qualified. The project managers will ensure that proper job in done, and that no accidents occur in the construction process (Yetton, 2010). In order to keep and maintain the business and building licenses, I will be required to hire inspectors and quality assurance personnel. There job will be inspecting samples of materials in specialized laboratories to ensure adherence to regulatory requirements (Gainforte, 2010). It will be my great concern that I ensure the contractors I will hire in my company, will b conscious of these standards. I will also ensure that I encourage quality control among employees, too. As a contractor, my company will be responsible for all safety site operations, in accordance with the terms of the contract. Adequate training of employees is something I will ensure is observed so that the employees can implement their particular duties property. After being advised by my financial advisers, I favored a business that will be owned and operated more than individual. In short, I decided to structure the business as a partnership. Even so, I settled for general partnership, whereupon the partners will manage the company and bear debt responsibilities of the company. I settled for partnership business structure because of the tax treatment associated with it. Ideally, ...
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Official use Outcome: Date: 1 SOUTHERN INSTITUTE OF TECHNOLOGY National Certificate in Small Business Management Assignment 2 Assessment 2 Note: This assignment should be based on the business that was the subject of your business plan for Assessment 5. 1.
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600/-will be financed through external financing whereas the rest of the money will be contributed by the owners of the business. The overall ratio of 60:40 has been maintained in order to ensure that both the owners and
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