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Sweat Galore Question 1

In: Business and Management

Submitted By splol
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Sweats Galore Question one

Yes, it is crucial that Michael stipulate the four criteria when planning for his new business. In stipulating the four the criteria Michael will be able to have a better understanding of how his business will work and why he it is he wants to start his business in the first place. Having the goals made up helps maintain the goals as well as a better management for the business since one knows the direction they want to take it to.

Michael started his business because he wants to do something that he enjoys and has previous experience in doing, which only means that he will be better prepared to handle the responsibilities of managing his own business. Michael's willingness to give back to the community will do nothing but benefit him considering that most of his customers are going to be within the community. Michael has a clear idea of what direction he wants to take his new business. He wants to see his business grow and become more successful by the years. This idea of making his business grow will encourage him to make decisions that will benefit his business in both the short and long run. Setting up a goal of an income of 25,000 annually is a good idea. The problem is that there is no plan if the minimum income is not met. There should be a plan of action where the can goals be flexible to change so that the business has a better chance of…...

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