HARDEN, ERCELYN F advantages of entrepreneurship

1. THE 4Ms operations
Prepared by: ERCELYN F. HARDEN
PREPARED TO: RAYMART C. SERVANCIA,LPT

2. 1. Job offer
2. Once the entrepreneur or the
hiring manager has been convinced
already of the credentials and the
interview answers of the candidate
the job contract is now prepared.

3. Employee Development
Training people is one of the biggest
investments of an entrepreneur or a
businessman. Therefore, he or she
most devises strategies on how to keep
employees satisfied working in the
company.

4. Training starts with employee orientation.
Employee orientation is usually a one-to-
two-day session that summarizes the
history of the business ,its vision, and
mission, polices and procedures, culture
and norms of the business.

5. The discussion of daily responsibilities
and accountabilities including key
performance indicators (KPI) and key
results area(KRA) of the employee.

6. The Buddy system is a training
program wherein an expert team
member is assigned to assist a new
employee in his or her function.

7. The Mentor-Mentee program on the
other hand,is a training program for
supervisor, wherein they will be
mentored by a senior executive or
senior officer on the business.

8. Entrepreneurs must prepare a
Succession plan to ensure business
operations still continue even in
their absence or the absence of they
employees or when they decide to
resign or retire.

9. The entrepreneur can also conduct
Internal training starts let by
competent subject matter experts
to discuss the intricacies of each
department to the newly hired
employees.

10. To keep abreast with the external factors,
the entrepreneur can send himself or
herself or the employee to
attend international or local symposia,
Workshop, conference, and seminars.

11. Machines
Most business would not be able to
operate without the aid of machine.
Machines can be described as the "best
friend" of the manpower in producing
goods and offering services.

12. machines are not only limited to physical
equipment but can also pertain to new
technologies that help business operations
becomes standardized and seamless. Without
machines, business operations will be
cumbersome, costly and with low quality.

13. Equipment and other facilities
Depending on the product that the
Entrepreneur produces or the service that he
or she offers the facilities most be strategically
placed in the manufacturing site or in the
service delivery area.

14. Telecommunications and information technology
Regardless of any business the entrepreneur will
Venture into, telecommunications and information
technology equipment mandatory.
These pieces of equipment
includes mobile phones or
smartphones tablets computer,
etc .

15. Here are the advantages of having
telecommunications and information
technology equipment in a business.

16. ✓ Landline phones
=> Order-talking, telemarketing and
teleconferencing with business partners and
customers.

17. ✓ Mobile phones(Smartphones, tablet
computers, phablets)
=> Mobile application for order-taking mobile
application for payments , Mobile Marketing.

18. ✓ Laptop and desktop computers
=> Order-taking , internet
marketing,making conference calls with
business partners and customers,
marketing research, online banking
preparing reports.

19. ✓ POS Machines
=> Charging customer debit or credit card,
tracking sales, storing data, analyzing
purchases.

20. ✓ Accounting and inventory software
=> Accounting all business transaction and
profitability, monitoring sales and inventory.

21. ✓ Web-site
=> Order - taking ,24/7 marketing,having
online conversation with Customers tracking
customers activities, collecting customers
information.

22. The responsibility of the entrepreneur is to
protect these pieces of equipment Physically
and against fraudsters who will be using
information to malign or steal from the
business.

23. ✓Materials
=>Whether the entrepreneur will offer the
products of cater services, he or she has to
pinpoint a number of dependable suppliers to
quality raw materials and supplies.

24. ✓Outsourcing
=> is the process of appointing a third party
manufacturer to do a manufacturing operation
of the business. These third party companies
already have an expertise in handling and
manufacturing these products, supplies, or
inventories, and because they manufacture,
they produce and goods bulk.

25. ✓ Logistics
=> Entrepreneurs/manufactures can also
Venture into distributing their products on
their own without the aid of a distributor or
agent.

26. ✓ Warehousing
=> Is the storing the finished goods
manufactured in a facility until they are
distributed to end users

27. ✓Transportation
=> Will also be a major cost in logistics
management.

28. ✓Distribution Hub
=> Is where the entrepreneur/manufacturer
combines the goods before delivery to retailers or
end consumers.

29. ✓ Inventory
=> Should also be tracked religiously by the
entrepreneur/manufacturer.

30. THANK YOU EVERYONE