Reference no: EM132165053
Small business owners often have to assume more than one role when starting their businesses. In a sense, a small business owner has to be a "jack of all trades", living up to the meaning of the figure of speech, where one is versatile at many tasks. Likewise, employees of a small business start-up, may be faced with the same situation.
For this Assignment, refer to Chapter 19, "Human Resource Management: Small Business Considerations" in your Entrepreneurial Small Business textbook.
Hiring and developing employees can be challenging for owners and managers of a small business venture, especially when these employees may be working in two or more operational areas. For example, one employee may be responsible for both marketing and sales, while another employee may be responsible for information technology management and office administration.
Imagine you are the owner of a small business venture, and are ready to hire your employees. Initially, the employees you hire will have to assume more than one role.
In your 2- to 3-page paper, be sure to address the following:
What roles would need to be filled for the business? Which roles might best be combined?
What skills/attributes would you look for when recruiting employees?
How would you assess the strengths and skills of each employee in order to assign the specific roles and responsibilities?
Should you set up specific time allocations/expectations for each employee (e.g. an employee is responsible for marketing 60% of the time, and sales the remaining 40%)? If so, how would you monitor the percentages?
What do you think are the advantages of using this approach in this setting? Disadvantages?
|
Create an argument for using the multistage dividend
: Create an argument for using the multistage dividend discount model for equity valuation. Provide support for your argument.
|
|
Name and description of the business
: Name and description of the business (products or services offered), including type of business (i.e., partnership, corporation)
|
|
What is the pw for each estimated value
: A new engineer is evaluating whether to use a larger-diameter pipe for a water line. It will cost $350,000 more initially, but it will reduce pumping costs.
|
|
Construct probability distributions for sale and unit profit
: Should the project in Problem below be undertaken if the firm uses an expected value of present worth to evaluate engineering projects?
|
|
What roles would need to be filled for the business
: How would you assess the strengths and skills of each employee in order to assign the specific roles and responsibilities?
|
|
Where is the formula after you prepare the chart
: Cost Shifing: where is the formula after you prepare the chart? Please look at the example created by the textbook author.
|
|
What is the expected value of the present worth
: For the data in Problem below, assume that the optimistic probability is 20%, the most likely is 50%, and the pessimistic is 30%.
|
|
Calculate the budget profit or loss for the quarter
: FNSACC501 Provide financial and business performance information - Find most expensive international and also Australian shares in the market
|
|
Compute the expected value for the life
: For the data in Problem, assume that the optimistic probability is 15%, the most likely is 80%, and the pessimistic is 5%. What is the expected value of the.
|