The Role of Resources Managers in Cardiff Bakery - Example

The paper "The Role of Resources Managers in Cardiff Bakery" is a great example of a business plan. Starting a business requires many things including resource management. The resource manager is needed in the implementation of the business ideas in Cardiff Bakery. The Cardiff Bakery requires a wide array of resources, which will generate income for the organization. The resources, which are required in the implementation of the pan include human resources, tangible and intangible assets, capital, land, and buildings.

The buildings ought to be designed with regard to the state-of-the-art designs in order to attract many clients of the Cardiff Bakery. The resource manager must ensure that the Bakery is efficient from within in order to appeal to the customers. For instance, it is the onus of the management to ensure that services are offered on demand. In this regard, there should be enough personnel, who will assist in the delivery of the various services. The internal environment should be co-ordinated and work in synergy in order to scale the heights of success in the business (Hair, Anderson, Tatham and Black, 2010, 41).

In fact, the marketing team needs to perform an awareness campaign in order to sensitize people of the business existence. This initiative will draw many customers into the business. Market research is also a crucial part of succeeding in this business. This research will provide new insight into the business hence improvement in the day spa service delivery. The other role of the resource manager is to strive to attain maximum sales volume and continuous increase in the cash flow. Indeed, the revenue from the Cardiff Bakery must surpass the costs incurred in the delivery of the services.

This will ensure that the business runs at a profit rather than on losses. Hofstede (2012, 51) asserts that the financial component is the other component in the balanced scorecard. The financing methods for the business include debt financing and equity financing. Feasible business proposals like Cardiff Bakery can guarantee loan funds from lending institutions. Debt financing is the best source of financing a business given that the debt interest is tax-deductible. In this regard, the debt reduces taxable income hence the entrepreneur earns tax savings.

Furthermore, debt financing is cheap compared to equity financing.