Operation Plan for Sole Proprietorship in Service/Manufacturing
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You have been asked to create a project plan paper based on research and the project management skills you have mastered in this course. Specifically, address a plan for the operations of a sole proprietorship business in a service or manufacturing industry. At a minimum, you should:
- Identify relevant issues
- Develop a specific plan & appropriate budget
- Construct appropriate and relevant visual aids including a timeline
- Communicate the plan effectively including a discussion on:
- Communication and organization factors
- Effective listening and responding
- Effective team communication
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Solution Summary
This solution provides a sample paper on the plan for a sole proprietorship business operation within the service industry while addressing the relevant issues associated.
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Abstract
This paper addresses a plan for a sole proprietorship business operation within the service industry while addressing the relevant issues associated. In addition the paper also provides a plan with the appropriate budget. Moreover, a constructed timeline of the plan is also provided. A discussion on communication and the organization is carried out with an overview of the communication and organizational factors, effective listening and responding, and effective team communication being provided.
Project Plan
Several issues are associated with operating any form of business which has an aim of generating profits in a market. A business can either be in the form of a sole proprietorship, partnership or a corporation. A sole proprietorship business may face several issues in the business world today compared to partnerships and corporations.
There are several issues associated to the operation of a sole proprietorship business within a service industry. There are several relevant issues which are involved with the operations of sole proprietorship for example, investors, bankers, or suppliers might not take a sole proprietorship business as a serious business in comparison to a corporation, therefore, making it hard to obtain a capital loan (disadvantages of sole proprietorship, 2011). In addition to this, obtaining approval of the sole proprietor business with one man operating may be considered as a limited in terms of ...
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