My business objectives are to survive when I first open the business because it is important I don’t fail in the first few months of opening, as many new businesses do because of the risks that are involved.
To break even so I earn as much profit to match my costs so I can review my income and start making a profit, to satisfy customers by providing excellent customer service and quality of products, to be competitive with the competition around me as it will help my business achieve a better status therefore improving the company name and to achieve success by carrying out all of my objectives and achieve my aims.
I will make sure my business objectives are SMART, a method used to make sure my objectives are specific, measurable, achievable, realistic, time :-
1. Specific – Objectives that specify what they want to achieve.
2. Measurable –Make sure I am able to measure whether I am meeting the objectives or not.
3. Achievable – Make sure the objectives I set are achievable and attainable.
4. Realistic –Make sure I can achieve the objectives with the resources I have.
5. Time – When do I want to achieve the set objectives
How are you going to aim to achieve these …show more content…
The staff will have training regularly on how to approach customers in a polite and friendly manner and informed on health and safety, and they will be trained on the type of branding and clothing. Hiring employees is not a setback because of the demand of job vacancies and the amount of people that want a job. My employees will be paid the minimum wage on an hourly rate. It will be based near other brand name clothing shops to create competition at the high street where the main shops are. I will have a webpage created for the company this will include products for sale, information about the company, information about the products, vacancies, news and online buying using your credit or debit card. Getting clothes will not be a problem because I would buy clothes, wholesale at a cheap rate and then sale them at a higher