Running a Small Business
Perfect Chef Company is a sole proprietorship fast-food restaurant located in California. The restaurant offers various food products, coffee, and soft drinks. The company has been in operation for one year and it is primarily known for its tasty and spicy chicken, burgers, and fries. The vision of the Perfect Chef Company is to be the leading restaurant in the whole of California.
As the owner of a small firm, my responsibilities are detailed below.
- Business planner. I take charge of all business-related matters and decide the initiatives that the business should take.
- Marketer. I assume the role of a marketer and ensure that the public becomes aware of my firm’s products and services.
- Product Developer. I ensure that my products are of high-quality, and decide on what changes should be made to the company’s products and services.
As a business planner, my primary responsibilities include establishing a business plan that will act as a guide to the organization and obtaining all the required permits and licenses (De Oliveira et al., 2015). As a marketer, my duties encompass advertising, conducting market research, and fostering public relations. Further, as a product developer, my basic obligations are assessing the competition and devising ways to the company’s products and services.
No role is less or more significant than the other. As far as the progress of the business and growth of the American economy is concerned, each role has a tremendous and outstanding contribution to make. The reason for this is that the realization of each role’s objectives depends on the success of the other roles.
One of the factors that will impact my business’ short-term and long-term growth is the quality of human capital. Hiring employees with exceptional skills and knowledge to build my brand is crucial to achieving the organization’s goals. Another factor is business planning and management. The capacity to make strategic plans and rational managerial decisions will largely influence successful business development (Janeska-Iliev & Debarliev, 2015). Additionally, creativity and innovativeness will influence my business objectives. The ability to come up with ideas that can lead to improved services and products will considerably impact the short-term and long-term growth of the business.
De Oliveira, J., Escrivão, E., Nagano, M. S., Ferraudo, A. S., & Rosim, D. (2015). What do small business owner-managers do? A managerial work perspective. Journal of global entrepreneurship research, 5(1), 19.
Janeska-Iliev, A., & Debarliev, S. (2015). Factors affecting growth of small business: The case of a developing country having experienced transition. European Scientific Journal, 11(28).
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