thảo luận vcu New Business The advantages of skilled labor

New Business
The advantages of skilled labor
Nowaday, The world is changing in seconds by seconds . In every field, the
stronger you attain, the more chance you have to beat your opponent. And business
affair isn’t an exception. Each firms always want to maximize their profit, attract
customers as much as possible and become the “big fish in the pool” in their
industry. To make this expectation come true, these firms not only need a
marvelous chairman or a relevant business strategy but also the high skilled staff
crew. And now, we let find out why skilled staff is so important like that .
I. Flexibility
A company with skilled employees has a flexible workforce, which provides the
employer with the ability to schedule and arrange workers to best suit the needs of
the business. Workers are able to fill in for absent employees and work in any area
of the business that requires increased manpower at any time, and for any duration.
This allows the business owner to maintain production levels under many
circumstance that would otherwise leave workers idled or profits left on the table.
II. Decrease labor cost
A business with a skilled staffs can operate with a reduced number of
employees necessary to conduct business. Staff s who are skilled in only one area
of the business may sit idle while waiting for work to become available. A skilled
workforce moves with the workload instead of waiting for the work to come to
them. This results in fewer idle work hours, which reduces the cost to the business
owner.
III. Efficiency in planning
Planning and scheduling staffs can make changes to the production schedule to
meet customer demand without a loss of productivity. For example, when a
customer requests a faster delivery, planners can adjust the production schedule to
meet the new date without disruption to production because all workers can focus
on the new customer demand. In a business with a flexible workforce, planning
and scheduling activities can always focus on the needs of the customer and not the
capabilities of the staff.

IV. Employee Satisfaction
Skilled workers are not threatened by obsolescence when new technology
changes the method of production, as workers used to learning new skills
consistently can adapt to changes in production. Employee satisfaction improves
morale in a business, which leads to increases in productivity and employee
retention rates.
The relationship with customers
In these days and ages, as the economy is growing fast, numerous new
enterprises are being established. Many of them held huge possibility in reaching
their goals, whereas others is facing with bankrupt. Which are significant factors
that help new corporations achieve their success?
The first one is the relationship with customers. When an enterprise starts
to do business, if they want to sell their products, they must have customers who
really care to those products. Their products must meet the customers need,
establish reputation and well satisfy about the quality for customers. Like that,
customers will hand out the products of the enterprise and these products will be
known more widely; more important, the enterprise will gain the belief from
individuals who try to use and concern its products. Thence, the enterprise can
form a wide relationship with customers, they will help the enterprise to
advertise products and have more reputation in the market. In the other words,
customers are like a long-term and durable marketing strategy. Keeping the
relationship with customers will help the business to become reputed, identify its
quality and build wide relationship with many other customers. There is nothing
more precious than the reliance of customers with a new business. It is a
significant factor which a new business need to have to be able to exist in the
market.
Capital
In order to start doing business in the best way, firms need to prepare for all
important and necessary elements. The most special ones is Capital. Firstly, what
is main capital resource?

 Capital from the owner of company.
 Capital from investers( inside or outside of company).
 Capital from other members of company.
 Capital from borrowing from the bank.
 Capital which is built in doing business periodic,etc
After that, the company need to estimate about the total money they need to
operate by :
 Compare the capital exist now with the total money they need.
 Careful caculation of priority consideration for any important items needed
first.
 Considering the cost of items needed,the number of house.
That help company keep capital balance. The last thing is to ensure and develope
the capital, company need to:
 Inspect the capital’s resource, the rate of different levels.
 Need to records carefully about all.
 Check to prepare capital for co-operation
 Write a details plan for all operation to developed capital.
 Anticipate the risk to avoid the fail.
Capital is a prerequisite for the establishment of enterprise,is the foudation for
sustainble developement. If capital is low and the foundation is weak, enterprises
will meet difficulty and easily fall into bankruptcy.
Capital is the precondition of production and business processes as well. It decides
the continuity and stability of the business process.
Therefore, firm should focus on factors that can launch a favorable business.
Ideas and Plans
I. The idea
For every good idea you have, there are hundreds of people who have the
exact same idea…so what makes you think you will get success with that idea?
You are intending to established their a business owner. So the first you need to
determined ideas for your business. Ideas means projects about business. what the

products or services type which you want to sell? Who are your client objects?
What are the values of your products or services to the customer? Who are your
competitors? What are advantages and disadvantages of your competitors?
Next you need to set up a detail business plan:
Including some problems related to:
• what’s your product or service? About outstanding or different compared to the
products and services on the market? About the prices? Bring benefit to users?
client objects?
• markets: the level of customer demand for your products and services? How
much the number of client objects? Their hobbies and tastes like? Their financial
capabilities?
• Marketing plan: build your business one message to make impression with your
customers. How to sell more products? advertising program must be impression
with viewers. About the promotional service and after sales service?
• competitors : who are they? Their advantages and disadvantage? How to perform
better than them…
• human Resource: how many departments including? Activities like? What are
require for each employee?
• financially of the business: how much capital you need? Ensure no excess nor
deficiency. Where to get? Spending on what? For example: rent ground, purchase
of equipment, machinery, rent workers, buy materials for production, advertising
costs, living costs, the costs arising more
• Estimated revenue: how to sell products? How soon will payback? How much
profit per month?
Based on the plan above to have steps of actions are reasonable and accurate.
Avoid failures lead to bankruptcy your enterprises
II. The plan.
Create a business plan. Many people skip right pass this step and end up
backtracking. Creating your business plan at the beginning will help guide your
vision and direction as you continue along you entrepreneurial journey.

The first, to have a great plan, you need to do a research before. An idea
doesn’t need to be unique to be profitable – as long as there’s sufficient demand
for your product. In fact, a unique idea won’t necessarily translate into big sales.
There’s often a reason nobody sells a product like yours, and that reason may be
that nobody wants one. However, researching and developing your business idea
is only the first step – you need to do additional research to find out how to make
your idea a reality. For example, you need to do research for the questions: “Can
you sell your product or service online, or do you need a physical retail location?
If so, you may want to rent booth space at farmers’ markets, craft fairs, antique
stores, or festivals?”
The next step: Develop a clear business plan. Business Plan, which described
the opportunity your team and you identified, the approach you planned to take
to capture our share of it, the management team you already had and planned to
put in place, the financial projections ypu developed to justify the risk you were
undertaking and an exit strategy, for when the time was ripe. Business plan will
probably change over time but you need to define your market, your
product/services, its uniqueness and how it fits into the current marketplace.
Develop business plan as clear as possible. Taking the time to develop a
roadmap for launching and growing the business is invaluable. It forces
entrepreneurs to think about factors like finances, marketing, overhead, and
staffing to name a few. You also can use tools to evaluate: For your first year in
business, each month, you should block off time in your calendar to evaluate
everything measurable – profit and loss, sales closing percentage, client retention
and even our social media reach. With technology, it’s faster than ever to create
dashboard reports. Some small business owners get so caught up in the day-to-
day details that they don’t think like a CEO. By following the fake-it-till-you-make
it principle, you are able to manage, lead and grow like the CEO of your company.
Bảng Đánh Giá Thành Viên Trong Nhóm
TT Họ và tên MSV Chức vụ Thời gian
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