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Training and Development in Small Businesses - Research Paper Example

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The company is a private business that has brought social welfare to the society. In order to keep itself profitable, it must sustain itself and also…
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Training and Development in Small Businesses
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Download file to see previous pages The entrepreneur should know the all the key sections within the technology supply chain. After understanding this, the entrepreneur should determine the appropriate equipment or services to expand the energy business. As an entrepreneur, you should determine the following
Product and service; do you aim at providing products only, services related to your products or both? What will be the uses of the products and services you will provide? Will you provide a wider range of products or related services that will enable the sustainability of your business? For instance, providing repair and maintenance services, supplying complimentary products, providing training for use and maintenance of your products and giving credits to your consumers. It is also important to establish a good and working supply chain (Sahlin A). As an entrepreneur you should know how and where to obtain products and provide them to your consumers.
For the company to flourish well in the competitive market there is need to understand the markets. The company should identify potential segments that will provide a ready market for the products. The company must understand the ability of consumers to pay for the services and products (Sahlin A). The company needs to have a better understanding of the end user of their products, the levels of spending on energy needs of the product in the target market and the socio-economic strata of the society.
Human labor is so important in any enterprise, each and every employee should be treated in the best way possible, and employees should undergo a comprehensive orientation program to familiarize them with the new trends in the markets. Orientation will ensure that new employees familiarize themselves with the structure of the business and will help them cooperate with the existing staff members (Goldstein, 1989). It is important and efficient for employees to receive information concerning the company’s ...Download file to see next pagesRead More
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