I am planning to open a sporting good store. There are certain things I need to do in order to properly plan, organize, direct, and control this store. I would also need differing levels of management and decide on a management style that works best for both my store and me. In this paper I would develop a plan that will cover all these things so that I may open a successful business.
I would begin the planning process by determining what recreational activities are available in the particular geographical location. I live in Alexandria, Louisiana, so this is where I would probably open my store. In this area there are numerous places to hunt and fish so I would need to cover these areas really well. There are also two bowling alleys so I would carry items such as shoes, balls, gloves, and towels. I bowled on a league here and found that no one, not even Wal-Mart, carried any of these items. I would also be sure to carry licensed items from all the local teams such as the New Orleans Saints. I would also carry items from each of the high schools in my parish so that I could cater to the younger generation in my parish. To achieve these goals, I would obtain permission from the high schools and sports associations to sell their products. I would attempt to develop partnerships with various organizations such as Bass Pro Shops, Brunswick, and the National Football League, so that I could develop my inventory and obtain officially licensed products. I would also develop a strategy for operations. I would determine what are the best hours of operation. I would invite people to request certain items or to give suggestions on how to better meet their needs and serve them the best I can.
Organizing my business is th...
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...me major issues.
As I have explained, there are many different types of management roles and levels in businesses. It is up to the business owner to figure out which is right for his or her business. There are also many different phases to properly running that business. One of the main reasons businesses fail is because of a lack of planning (Gaebler Ventures, 2007). My advice to anyone wanting to open a business, based on my research, is plan, plan, and plan.
Reference:
Ebert, R. & Griffin, R. (2007) Business Essentials (6th ed.) Upper Saddle River, NJ:
Prentice Hall
Gaebler Ventures (2007) Business Failure: Why Businesses Fail. Retrieved September 13,
2007, from http://www.gaebler.com/why-businesses-fail.htm
Gaebler Ventures (2007) Leadership: Top Down Management. Retrieved September 13,
2007, from http://www.gaebler.com/top-down-management.htm
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