Thursday, January 16, 2014

Today we discussed a handful of topics, the ones I felt were most relevant and I got the most out of we're styles and techniques of management, as well as location of your buisness. Both of these are major factors into how successful your operation will be. For example we discussed how having a strong solid management team can make everything or break everything in a sense. If your management team is weak or unmotivated  the rest of your workforce will likely follow suit. You need to be careful when hiring people, especially management as they need to reflect your views on where they think the company is going. Location is a major component of your buisness as well. You need a workforce that lives relatively close, you can't have a buisness in the middle of nowhere or none will apply to work for you. As well it helps certain businesses to be in certain areas due to an areas size, location to resources, or ability to attract customers. This is important to keep in mind when thinking of they type of buisness you would like to operate.

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