Description of a Business Company
Introduction
To ensure the growth and development of a business company, it is important to ensure there is a smooth run of all activities. The planning of the daily functions and who to carry certain functions is delegated by the manager who is answerable to all the other company workers. Mostly small business companies experience more issues to run their day to day functions because they are facing new things daily that they haven’t experienced before; thus, little knowledge and lack of enough experience chokes the daily functioning of the company.
Small businesses experience several challenges, including health care. As a manager in the small business company’s health care becomes the main challenge since all the employees require health covers which are supposed to be catered by the company but since the company has not established well, raising enough funds to cover their employees with premium medical covers fully becomes the problem(Micieta et al. pg. 74). The main reason for this problem is because the returns in a small company are always not enough to give the best to the employees. Government regulations problems where the government imposes high taxes and little cash flows in the growing company all go to the government as revenue hence dragging the company behind in terms of growth. Unlike the big companies where they are experienced with all forms of challenges, small businesses find difficulties in handling some of the common challenges…
The above challenges will ultimately educate me as a manager because I will be able to develop a plan for reducing the company’s expenses (Nuchals et al. pg. 285). Ensuring all employees have a role to play daily and eliminating those employees who have little contribution to the company. Another thing is involving the employees in decision making to have a smooth run and also to work as one team to achieve the mission of the company. The challenges will influence me in employing employees with experiences and who will help in providing a solution to some of the challenges facing the company.
The effective growth of my company culture will not be an issue for me. I will welcome all the employees with experience and knowledge towards the growth of the company. This will help me in gaining attention from all customers irrespective of their culture. This the sale will go hire eventually. Another positive thing is that the use of different cultures will help in advertising the company to different cultures in the outside world.
Work cited.
Micieta, Branislav, et al. “Business model canvas in global enterprises.” SHS Web of Conferences. Vol. 74. EDP Sciences, 2020.
Nußholz, Julia LK, et al. “Material reuse in buildings: Implications of a circular business model for sustainable value creation.” Journal of Cleaner Production 245 (2020): 118546.