Entrepreneur Case
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Introduction
There are certain people around the world who look forward to convert their hobbies into the businesses. In the present paper, discussion shall be made regarding one such organization in which, the people are looking forward to convert their hobbies into businesses. The individuals in the organization will look forward to make sure that, they carry out their activities in such a manner that, they earn profits and in addition to this, they also work towards compliance with the necessary rules and regulations without any kind of problem or issue for them. In the present paper, discussion shall be made regarding the organization and various key things about the same.
Business Type
In the present situation, the business form selected by the people involved is a restaurant business. The individuals involved in the business had the hobby of cooking food when they were students. They looked forward to make sure that, they turn this thing into a business. Due to this, they have selected the business of opening up of a restaurant in the present situation. In the restaurant, the individuals will be selling the food products of various categories (Vay & Devay, 2006). The products will include fast food for the customers as well as some form of Indian food as there are various Indian people living in the area in which, the organization will be carrying out its activities.
Staffing Plan
If an organization has to make sure that, it works in a proper manner towards the achievement of its goals. The organization has to perform various kinds of activities for achievement of its goals in an appropriate manner. The activities of the organization include financing activities, human resource management activities, marketing activities and various other kinds of activities.
The organization shall make sure that, it has appropriate employees available to it regarding the performance of activities regarding the finances of the organization. The employees will work for the purpose of making sure that, the organization prepares the financial statements and makes the compliance with the accounting standards framed by the government for the purpose of making sure that, the organizations disclose all the key things to the shareholders.
The employees in the organization will also be able to make sure that, the organization avoids any kind of penalty or trouble which could arise from it at any point of time in the future (Bevans, 2006).Another activity for the organization is the human resource management activity. For the organization, it is very important to provide an appropriate level of training to the employees.
The first work in the organization regarding the employees will be the selection of the employees. If an organization will fail to select the employees in a proper manner manner, it shall be difficult for them to make sure that, it gives effect to its activities in a proper manner. The human resource management department of the organization plays a very important role regarding the selection of the employees, giving them training and ensuring that, they meet the organizational standards and accomplish the goals of the employees.
It is also likely that, the employees in the organization could end up leaving the organization due to some reason. Therefore, it is also important for the organization to make sure that, it reduces the employee turnover. The employee turnover within the