How To Do A Business

Andrea Eguiguren

Unidad Educativa Tomas Moro

“2 Bach. A”

Business and Management

“My own Business”

1. Objectives: my objectives or expectations for this project are:

• Developing and organizing a project about opening a new business that causes a special taste and satisfies the client.

• Find all the problems of opening a business

• Making my dream of a business come true

• Truly perform this business in the future

• Learning how to organize my economy

• Learn the advantages and disadvantages of opening a business

2. The business that I chose was to open a company of organization and decoration of all type of social events such as marriages, first communions, executive events of government, companies and all type of events that include social environment. The services that the company offers are exotic decorations, food, music, tables and lights among other things. People don’t like having to organize the event so normally they hire a capable person or company that takes charge of all the attracting, physical and animated part, although this business isn’t a common company of decoration, it has an exotic taste that will be able to satisfy and make the client happy. I chose this business because it is not very common in Ecuador. It is a very equitable company that accomplishes all the expectations of the customer. For being able to make the company succeed, I have to go through a study and an analysis of the demand of these types of services and the risks that take to open this business.

3. Mission:

We are a company that offers organization and exotic decorations of all types of social events. Our company is associated with diverse other companies that offer us different types of services such as the food, the waiters, the music, the lights, etc. We organize the events with different special packages that include different themes and colors for the decoration part. The advantages are that the client chooses his combination, the type of food, the music and we are in charge to accomplish his expectatives. It’s important for the company to have a high value and to have the best quality for the demand to grow. It’s also very important that the client feels safe and confident with the services that we offer.

Vision:

We want to be the best company of decoration in the country, and little by little keep growing for us to be recognized as the best qualified company so that we can also gain opportunities in other countries. Our company will do everything to have a big success. We want every client to be surprised of the great work that we have done and that they feel very satisfied with our new creations. We also want to be very famous in the country and people wanting to hire us every weekend. Our company has the objective of being high rated and known as the best company of organization of events ever. There aren’t much of these types of services in the market, ant the few companies that do this don’t make it big. We want to have an equipment of professional decorators that can be distributed all over the country so that we can be able to organize lots of events at the same time. Our company wants to be successful through the costumer’s expectations and satisfactions.

4. Objectives and goals for the business:

• Increase the demand by summiting the purpose of our company

• Study and analyze the advantages and disadvantages

• Make the company grow and increase the capital

• Satisfy the clients through our originality

• Be the biggest decorating company in Ecuador

• accomplish what customers most like

• be highly rated and recognized

• making publicity for people to know who we are and what we do

• be a healthy competition for other companies

• making budgets and forecasts for knowing the limits and the amount we can afford

• associating with companies that gives us services for the events

• Giving safe guarantee of comfortability to employees.

Tactical: we want to accomplish what our mission and vision establishes by creating an organized company. We are using strategies for making this project to work and dividing the company so the objective is fulfilled in different parts of the country. As a big company we want to be highly rated and very requested.

Profit maximization: Our Company has the objective of increasing the economy and the capital of the business. We need to study the market to know the amount of demand that exists about this business. The marketing and publicity is very important also because it’s the way of making people want to hire us and transmiting the message that we want to establish. That is why the market power is so important and that is the way we want to call the client’s attention. We want to be a secure company that has a steady progress.

5. Analysis:

Factors of production:

The factors of production are the inputs you need to produce a finished good (output). Opening this business requires the four factors of economy that are:

• Land: in my business the factor of production of land contains all the part of the offices, where employers and managers will be distributed in different sections depending on their specialization. We will also have demonstration rooms that will be decorated each time we are hired and depending on what the client wants to have a small clear idea of the colors, materials and how their event would be prepared.

• Labour: is the part in which all the people that work at the company divides and occupies of an specific labour. For the event organization part we need people that get in charge of:

-the decoration

-the food (unlimited options)

-the

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