Reference no: EM1369908
You have decided to start a new local coffee shop. You will begin a partnership with one other business associate that you trust and have known for several years. You plan to hire three managers and another twenty employees.
Part 1
Discuss a plan of action that you and your partner would personally implement to avoid the following four main failure mechanisms of small businesses:
* managerial incompetence or inexperience
* neglect
* weak control systems
* insufficient capital
Identify what steps you and your partner will take to address each of the four failure mechanisms. You may be creative in your responses, and you may use actual personal insight from previous business experiences if you wish; however, you must include at least two external credible sources on business management technique and business success. Make sure you cite your references at the end of your work in APA format.
Part 2
1. List the activities you would need to do for each of the functions of management:
* Planning
* Organizing
* Directing
* Controlling
2. Show the levels of management you would need to successfully operate as a business.
3. Prepare an organization chart. Must be my own develop chart not one form the internet and have my name steven on it
4. Describe your management style. What type of manager would you be and why?
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