Toolkit on how to Start and Improve your Business - Information Seeking

Business Management

 

 

 

   

 

Business management aims at drawing upon effective organisation and management to achieve the entrepreneur's objectives. Business management is all about co-ordinating your meagre resources such as materials, financial and human, thereby, undertaking your business activities efficiently and effectively. Having the necessary skills in the areas of marketing, costing your products and services, financial/business planning and record keeping, are very crucial for you to succeed in business. You may have taken some business management courses during your school or college days, or you may not. Which ever the case may be, you need to look for opportunities to strengthen your business management skills continuously. This can be done by completing business management training courses intended for people like yourself. In addition, you as a business starter need to decide upon what form of business organisation you have to choose. The choice may partly be done based on the level of your investment capital as well as the commercial code of the country.

 

                 General aspects of business management

  • Do I have the necessary business management skills to start and run a new business?

  • What form of business organisation should I register in?

  • In case I am going to hire labour, what type of qualification do I need?

  • Do I have the capacity to manage my personnel issues?

  • What series of pre-operating activities should I perform?

  • What pre-operating costs am I able to bear?

  • Where shall I get as much information as possible pertaining to regulations, finance and competitors?

 

Before you start operating your new business, you need to select in which organisational form you should establish your business. The choice of organisational form is important and can make a difference in:

  • Cost of starting and registering the business;

  • Simplicity of starting the business;

  • Financial risk the owner of the business faces;

  • Possibility of having partners;

  • Way decisions are made in the business;

  • Mode of taxation of the business profit.

Qualified personnel: This indicates the analysis of the number and qualifications of the staff you need and labour organisation (production workers, administrative personnel, salespersons) and job description for your staff, labour costs and its availability (survey of labour market using newspapers and contacting the labour and social affairs bureau).

 

Market   I   Supply  I   Infrastructure  I   Business management  I  Finance

Business registration  I  Taxes/Customs  I  Tenders  I   Summary

 

Business Development Services (BDS) Forum
www.bds-forum.net edited by Dieter Gagel, freelance consultant, providing information on BDS strategies, networking and practical BDS case studies as well as business information on marketing, business planning, bookkeeping and cost calculation, import-export, trade fairs and access to finance.

New BDS Portal in Senegal www.senegal-entreprises.net .
One of the biggest national BDS portals world wide!

Value Chain Development in Ethiopia www.business-ethiopia.com