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Major Decisions

Owning a business can often put you in situation where you have to make major decisions. Recently I was reviewing my company’s profit and lost report. The report showed that my company was losing more money than we where making, in other words “no profit”. This information helped me to make the decision to close my consulting company and open a Networking company. By making this type of decision I was able to focus on several stages of organizing such as: business planning, investment management and recruiting experienced staff. This decision was not just major but it was also heart felt, because many people lost their jobs because I failed to plan. The Small Business Administration has reported that 90 percent of all small business failures are a result of poor management, with was the case with mine.

One of my first stages of organizing is business planning. In my business class I am putting together a proper business plan that I will follow throughout the course of this venture. I failed to think of the “what if” with my consulting company, and this resulted in people losing their jobs. I didn


Once my business plan is complete, I will be recruiting Investment Managers. Investment Managers are employees that will invest money, but will also bring an expertise to the firm. To be able to invest, the investor must be a skilled professional in the business world such as a: Sales Manager, Recruiting Manger or Public Relations person etc. The investors will invest in a department that they will have control over. They will not just invest money, they will also be required to invest time and effort. The top managers in the company will also be part business owners. The Investment Managers will be investing in themselves and not just the company.

The last stage I plan to get experienced staff to work the accounts. The new employees will have to go through series of tests. Once they past the tests, they will be required to have three possible interviews. I think it is very important to really know whom you are hiring; I had to learn that the hard way. I gave people a chance to work from home and make a good salary, and they wouldn’t even do the work. I had looked over the resumes and could see tha

Some topics in this essay:
Investment Managers, Business Administration, Consulting Firm, , Public Relations, Stratton College, decision close, investment managers, highly trained employees, stages organizing business, able pay employees, decision close company, organizing business planning, stages organizing, excellent quality, satisfied customers, company stable, close company, organizing business, business planning, consulting company,

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Approximate Word count = 758
Approximate Pages = 3 (250 words per page double spaced)


  

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