Coin Laundromat Business Analysis

Coin Laundromat Opportunity A good business opportunity is one that is viable because it offers opportunity for growth. Viable opportunities address a need in the market. In fact, customers often enjoy the use of technology, products, and services that seek to cater for the need in the market (Business, 2010).
The business opportunity for a coin Laundromat is an ideal one because it will go a long way to fill the market demand. A coin Laundromat is a mark used by a commercial establishment that makes use of coin-operated dryers and washing machines and is run through self-service. As such, the paper seeks to develop an organizational plan that shows the firm’s structure, chart, evaluation schemes, measurement, planning, rewards, selection criteria, and training for purposes of enhancing the success of the business venture.
Organizational structure including an organizational chart The coin Laundromat business will take the structure of a company. The company structure will make use of the flat organizational structure. In the early stages of a business, the flat organizational structure is the most efficient because its chain of command is short enhancing quick decision making (Nuttal, 2004). The flat structure has a wide span of control thereby making it possible for all the subordinates to report …show more content…
For instance, when there is a technical breakdown in the coin-operated system, an employee can resolve the problem by providing an alternative payment method thereby boosting the satisfaction of clients. Moreover, the communication between the subordinates and management will be frequent and clear, a vital element for a growth-oriented business such as the coin-operated Laundromat. The chart below depicts a flat structure that is ideal for coin Laundromat’s