Recruiting and Getting a Business Plans For your Business

Recruiting and Getting a Business Plans For your Business is a guide that teaches you how to recruit staff in your business in relation to your business plans. There’s need to share your business plans with the staff of your business, to give them a vivid picture of where the business is going. 

A standard business plan is the road map everyone in your business should follow in other to get to your desired expectation on the long run. You can develop one or contact us today to develop an irresistible one for that business venture.
As a matter of facts, there are related topics in line with Recruiting and Getting a Business Plans For your Business, of which some are; 


Recruiting for management positions are the business life line, as a business owner, they are your strategic partners because, the people occupying those position, they are going to advice on development of plans for attracting utilizing and retaining quality employees. Work performance also directly affect the performance indicators of the company. 

For eg the sales manager wound be one of your management position holder and if his work performance is below target, definitely that will affect your performance indicator. The management style of this position also matter because it affect the staff work attitude, again they represent the company’s corporate culture. And when it comes to the prices they are paying, their pay should be significantly higher than that offer to ordinary employees. That holders of your management positions they are your Strategic partners, and Recruiting for management positions are your company lifeline.


ALSO READ; Integrated Poultry Business (Poultry,Fishery, Plantations,Piggery, Cassava) Get A Business Plan


STRATEGIC PARTNERS OF BUSINESS HOLDERS 

  • Company management 
  • Functional managers 

Roles 


  • Advise on developing and implementing short and long term objectives 
  • Monitor the implementation of these objectives 
  • Manage the company’s human, financial, and physical resources 

OWNER’S PERSPECTIVE ON RECRUITMENT 

The company owner is known as the recruitment compass 

Recruiting and Getting a Business Plans For your Business


HOW A CLEAR AND CONSISTENT RECRUITMENT POLICY CAN HELP THE BUSINESS 

A clear recruitment direction from the owner will allow all staff members to guide their activities in accordance with the owner’s expectations. 

Recruiting and Getting a Business Plans For your Business


Do’s during an interview


Recruiting and Getting a Business Plans For your Business 

Behavioural interviewing 

This is an interviewing technique used to evaluate a potential employee based on their past experience to understand the way they can react in various job-related situations in order to determine whether he/she is suitable for the position.

Past behavior and performance are the basic predictor of their future performance 

STAGES OF THE BEHAVIOURAL INTERVIEWING 

Recruiting and Getting a Business Plans For your Business





STAR; A tool for behavior interviewing 

Star tools uses situation/Tasks to identify and assess the action taken and the result active 

situation/Tasks       Action        Results 

S                  T                A                  R 

Advantages; STAR TOOL 

  • Provides information on real people, events which minimizes subjective decision making 
  • Saves time and limits cost 
  • It requires only reasonable interviewing skill 
  • Does not require any expert analysis 
  • Suitable for every type of business 
  • Compatible with Nigerian culture 

For e.g;

Recruiting and Getting a Business Plans For your Business


Sample questions;

Tells us about the most difficult customer complaint you ever processed? (Situation/Task)

“What did you do to persuade this customer to agree with your solution?” (Action)

“What were the results? What aspects of the results were you pleased or not pleased with? Why?” (Result)


3 steps to pick a STAR

  • Develop recruitment criteria 
  • Interviewing principles 
  • Collect data and classify STAR 

Develop recruitment criteria

  • Use your ASK Model
  • A - Attitude 
  • S – Skill 
  • K – Knowledge

Recruiting and Getting a Business Plans For your Business


Determination of competency levels 
Helps to ascertain a level of proficiency in a particular criteria 

Recruiting and Getting a Business Plans For your Business

Example; competency levels

Recruiting and Getting a Business Plans For your Business


Interviewing techniques 

  • Use open-ended questions (H & the 5Ws) –start your question with how, where, what, when, and which 
  • Focus on the job – recent, important and job related issues 
  • Focus on candidate’s strength and weaknesses 
  • Find out potential development of the candidate 
  • Lead the candidate through the challenges of the new job 
  • Do not explore personal issues 


COLLECT & CLASSIFY DATA 

  1. Right Star 
  • Provides answers from actual cases 
  • Describes specific actions 
  • Describe clear results 

2. Wrong Star 
  • Doesn’t know how to answer 
  • Answers not specific 
  • Answers only theoretical 

3. Insufficient Star 
  • Lack of knowledge, experience & result 

ADVANTAGES /IMPORTANT OF THIS STAR WHEN IT COMES IN CLASSIFICATION 

  • It help you evaluate the candidate experience and see how candidate reacted in past situation 
  • It will help you to identify whether a candidate answer are sufficient or they need to explore further. 
  • It will help you to make a final decision 


Candidate assessment and decision making process 

  • Analyze the data your have 
  • Evaluate and compare 
  • Finally, make decisions 

Step 1; Analyzing data 


Recruiting and Getting a Business Plans For your Business



Step 2; Evaluate and compare 

Weight X Rank = points for each dimension 
Total points of all dimension/ total weight = Average candidates point 
Rank candidates by average points = list of successful candidates 

Step 3; making decisions 

Use candidates’ core’s (competency & interviewing) 
Select candidate with “must have” criteria & “should have criteria 

SELECTING A RIGHT CANDIDATE WHEN THERE IS A TIE FACTORS 


  • Will the candidate fit the company culture? 
  • Can the candidate grow professionally within the company? 
  • Commitment level 
  • Unique skill that are beneficial to the company 

OTHER FACTORS TO NEGOTIATE WITH THE CANDIDATE 

  • Benefit 
  • Opportunities for promotion & development 
  • Opportunities to be trained & learn on the job 
  • Interesting & enjoyable work 
  • Friendly working environment 

SUCCESS IN NEGOTIATION WITH CANDIDATE 

  • What motivates the candidates the candidate to work 
  • What the candidate is interested in 
  • What the candidate wants 

Establishing compensation and benefit 

WHAT IS COMPENSATION? 

Compensation is the total cash and non-cash payments that you give to an employee in an exchange for your work that they do for your business 

Compensation includes; 

  • Wages 
  • Sales commission 
  • Overtime 
  • Allowances 
  • Merit awards 
  • Insurance 
  • Stock options 

WHAT IS BENEFIT? 

Benefits are defined as indirect non-cash or cash compensation pay to an employee above and beyond the regular salary or wages. 

Types of benefit 

  • Insurance 
  • Holidays (can be paid /unpaid) 
  • Daycare 
  • Free phones 
  • Loans 
  • Sick leaves 
  • Free meal/ subsidence meal 
  • Free transport/ subsidence transports 
  • Funding of education 

GOALS OF THE COMPENSATION AND BENEFIT SYSTEM 

It must have the function of creating and maintaining the company’s competitive advantage together with retaining a strong labour force. 

One of the most important component of running a successful business is keeping your employee’s happy and providing them with enough incentive to maximize their productivity. 

Income structure 

  • Basic salary 
  • Allowances 
  • Bonuses 
  • Benefits 

WHAT DOES IT MEAN TO BE REASONABLE “PAY SCALES”? 

  • Your compensation and benefits system should be based on your business goals 
  • Your compensation and benefits budget will depend on your financial capacity, and 
  • The structure of your compensation, benefit and bonuses should be reasonable. 

DETERMINING AN ADEQUATE PAY SCALE; 

If it is competitive, equable and reasonable 

Step 1; collect information (check the media, trade industry standards to your professional body, ask friend in the same line of business, ask the employee what he will like as a pay slip, better still, get a salary consultant to help you through this). 

Step 2; establish job grades (establish the job grades and their respective criteria, match the job groups to appropriate grades) 

Job description; you describe your job to reflect your job description outside, you then pay the same rate with others 

In setting you pay range; you have to set upper/lower bounds of possible compensation 

Use market data from surveys to determine a mid-point 

How to effectively position pay scales?
Recruiting and Getting a Business Plans For your Business



Key factors applied to positioning pay scales are

  • Business goals 
  • Financial capacity 

When paying your workers, you decide to pay a high salary and a lower bonus or others 

As a business owner, you decide on the competitiveness of a paid scale, the positing and compensation policy. 

HR will then pick that up by ensuring that equitable and reasonable pay scales are set up. They will also anticipant any necessary pay increases and make sure that the HR budget is balance. 

Any pay scale that you decide to establish can be revised and amended to suit your company. Remember that your pay scales must meet your business goals. 




How Important Are Customers? (Business Plans and Feasibility Study)

Do you know you can actually save yourself off this stress? 

Engage CHRIS FARM NIGERIA to give you a professional business plans and a feasibility that will suit you demand today.


Chris Farm Nigeria develops well self-explanatory, irresistible feasibility studies or business plan for your Business start ups, Business Growth or Expansions through either personal funds, Grants, or loans, which could be new or existing ones. We delight in writing for people under Academic sectors, production sectors, manufacturing sectors, processing or packing sectors, advertising sectors, marketing sectors and other related sectors on mini, middle and large scale businesses.

For your Agribusiness, either production, processing, marketing of any Agro-industry, our feasibility studies or business plan are explicit.

Generally, our feasibility study and business plans are developed so well that it becomes irresistible when you show them to your investors or sponsors. It gives you a clear picture of what you are expected to see when you put the feasibility study or business plans into use. It also shows how much it will cost you to own your desired business, what your money can afford. The kinds of product you will need to minimize input in other to maximize output, and how much returns you will get at the end of each accounting year until your business break-even on its initial investment capital. This will give the intending business person or investor or farmer, a vivid idea on the possible benefit he or she stands to gain, when he or she starts doing the business. With that, the intending business person or investor or farmer will not need a soothsayer to make decision for him or her.


You can use this format in developing your own business Plans and feasibility Study 

OUR TABLE OF CONTENT INCLUDE;

  • SECTION I – EXECUTIVE SUMMARY
  • NAME OF BUSINESS / COMPANY
  • OFFICE & SITE LOCATION
  • MOTIVATION
  • MISSION STATEMENT
  • SOCIAL/ECONOMIC VALUE
  • PROJECT STATUS & START UP
  • WHY PREPARE THIS BUSINESS PLAN?
  • SECURITIES FOR THE PROPOSED LOAN
  • REPAYMENT
  • SECTION II – STUDY AREA
  • STUDY AREA
  • COMPANY OVERVIEW
  • MANAGEMENT TEAM
  • DEPARTMENTS IN THE COMPANY
  • EXPERIENCE
  • MANAGEMENT TEAM GAPS
  • SECTION III – INDUSTRY ANALYSIS
  • DEFINING YOUR INDUSTRY
  • YOUR INDUSTRY SIZE GROWTH RATE AND SALES PROJECTIONS
  • INDUSTRY STRUCTURE
  • MARKET OVERVIEW
  • MARKET SEGMENTATION
  • RELEVANT MARKET SIZE
  • KEY SUCCESS FACTORS
  • LONG TERM PROSPECTIVE
  • MARKET CHARACTERISTICS
  • SAMPLING TECHNIQUE
  • SECTION IV – CUSTOMER ANALYSIS
  • TARGET CUSTOMERS
  • CUSTOMER NEEDS
  • MARKET NEEDS / SOCIAL PROBLEMS AND SOLUTIONS
  • BUYERS BEHAVIOUR
  • MARKET SHARE
  • SALES FORECASTING
  • SECTION V – COMPETITIVE ANALYSIS
  • DIRECT COMPETITORS
  • COMPETITIVE ADVANTAGES
  • SECTION VI – MARKETING PLAN
  • PRODUCTS & SERVICES
  • FINISHED PRODUCTS
  • PRODUCT QUALITY AND PRODUCTION QUANTITY
  • PRODUCTION CAPACITY
  • PRICING
  • PROMOTIONS PLAN
  • DISTRIBUTION PLAN
  • SECTION VII – OPERATIONS PLAN
  • GENERAL APPROACH TO PRODUCTION
  • TECHNICAL ANALYSIS / PRODUCTION PROCESS
  • EQUIPMENT
  • PACKAGING REQUIREMENTS
  • SECTION VIII – FINANCIAL PLAN
  • REVENUE MODEL
  • FINANCIAL ANALYSIS
  • FINANCIAL ASSUMPTIONS
  • FINANCE CHARGES
  • FINANCIAL PROJECTIONS
  • FUNDING REQUIREMENTS/USE OF FUNDS
  • CRITICAL ASSUMPTIONS



  • FINANCIAL MODELS
  • SUMMARY OF PROJECT COST
  • BUDGET OF FIXED ASSETS / CAPITAL EXPENSES / INVESTMENTS
  • DEPRECIATION
  • UTILITIES
  • OPERATING EXPENSES (OPEX)
  • TOTAL REQUIRED INVESTMENT OUTLAY (REQUIRED START-UP CAPITAL)
  • FINANCING PLAN
  • INSTALLED / AVAILABLE EQUIPMENT
  • BREAK-EVEN ANALYSIS
  • LOAN REPAYMENT SCHEDULE AND INTEREST PAID
  • FORECAST OF PROFIT AND LOSS
  • CASH FLOW
  • BALANCE SHEET
  • GENERAL ASSUMPTIONS (BREAK EVEN ANALYSIS)
  • BUSINESS RATIOS - PROFITABILITY ANALYSIS
  • CONCLUSION
  • SECTION 3 – APPENDIX

   Click other related clicks that may interest you below;

 

Acceptable feasibility study and business plan for bank loans

Feasibility study on piggery farming business Agbarho community, delta state 

A PREPARED FEASIBILITY STUDY FOR CATFISH FARM IN NIGERIA 

“How to own, manage, and make millions from catfish farmingbusiness” BEST SELLER  

HOW TO OWN A MEGA FISH FARM BUSINESS IN NIGERIA

FLOATING FISH FEED PELLET MACHINE

TIPS ON BROILERS PRODUCTION AND ACTUAL VACCINATION –PROGRAMME AND TREATMENT

TIPS IN POULTRY MANAGEMENT

Sales of battery cage system in Nigeria

CASSAVA PROCESSING MACHINE

GRASS CUTTER/ CANE RAT PRODUCTION, BEST SELLER

How to handle and manage Snail farming

Rabbit Management

MANAGEMENT OF RABBITS, BEST SELLER



·         NOTE; According to our policy, we are not “allowed / permitted” to disclose peoples business or written feasibility study, “to anyone”, irrespective of their personality.

·        BUT, WE are permitted to display only executive summary.
·         This is just a sample of our executive summary on poultry feasibility study and business plan, carried out in Rivers State. 

·         1st sample;

These Feasibility study on poultry farming business (specializing on layers and boilers production), was conducted using projections, impressive publications, compounding interest/values, tables, graph, bar chart, pie chart, profits analysis and cash flow positions in other to give a clear picture of what is obtainable in that location, using eight plots of land, at Esemdiary village, Off Effurun Sapele Road, Okpe LGA of Delta state, Nigeria as a case study. 

Esemdiary village is a community in Okpe Local Government Area of Delta State with coordinates 05°26’N 5°57’E, which also plays the host community to the Warri Airport, which is actually located at Osubi. 

Okpe Local Government is a territory that used to be part of the original Okpe Kingdom, its headquarters is at Orerokpe, with a population of 128,398 people whose primary occupations include commercial farming, fishing, hunting, trading and gas exploration. 

After carrying out the feasibility study on Esemdiary village, Off Effurun-Sapele Road, Okpe LGA of Delta state, Nigeria, it was discovered that, farming generally will do well both on crop and animal production.

HOW TO PLACE AN ORDER NOW?

Payment Methods 


  • Bank Deposit 
  • Electronic Fund Transfer or western money transfer 
  • ATM cash Transfer 
This payment method requires the customer to deposit, Electronic
Fund Transfer or ATM cash Transfer directly from his/her account into any of CHRIS FARM NIGERIA bank accounts.

If it is an E-Book, project materials, written project or written feasibility study, it will be sent to your immediately as soon as your transaction reflects in our account.

Please note; it will take ten working days to write (or prepare) a feasibility study or a project on your request.
Our bank details are on the website page, Just click on payment to get them

After placing your order, SMS your payment information (Manual title,
Name on teller, payment teller number, and your e-mail address)
E.g. catfish, Kelechi Bisi Amina,531796,allpurpose@yahoo.com
To +2348036925718 or +2348051270981 once I confirm your payment.
The material will be sent to your immediately! By e-mail Trust us 100% to do that.

Advantages of sending your request via email your e-book (electronic book) is downloadable from your e-mail box which allows you to read and print out this book

• Zero shipping costs.
• No wasting time, forget having to wait weeks for postal delivery.
• No risk of products lost in the mail or damaged

Thinking that we might live you after your purchase? Definitely no!
With the CBN policy in Nigeria via bank verification number (BVN), is almost impossible to steal your money from bank transfer or bank payment.

We assure you of maximum support when you need us. Please, do not hesitate to ask us for the way forward.  

Get in touch with us today on our phone numbers or send us an email. We await your response……………………….

WRITTEN AND COMPILED BY CHRIS FARM NIGERIA

WEBSITE: www.chrisfarmnigeria.com
EMAIL: chrisfarmnigeria@gmail.com
PHONE: +234(803)-692-5718 or +234(805)-127-0981
LIKE US ON FACEBOOK: www.facebook.com/chrisfarmnigeria 
FOLLOW US ON TWITTER: www.twitter.com/chrisfarm9ja

• A big thank you for your patronage in advance

Your Success, Is Our Optimum Desire

AT Chris farm Nigeria, We Deliver the Best Services…
  
Other services we render are displayed on our advert below;

 ADVERTISEMENT

  • We provide feasibility study/business plan for new and existing businesses
  • We help you to recruit staff for your company, firm or organizations
  • We help you in registering your company, firm or organizations
  • Suppliers of any food stuffs
  • Building contractor (especially building houses, constructions of ponds)
  • Provides Architect for any design
  • Help you in getting loans
  • Sales of fingerlings, table size catfish, chicks, Grass-cutters, rabbits, snails, and many more
  • Farm design
  • Feed formulation for general livestock, including
  • Floating/Sinking Fish feed
  • Soybean oil processing, Teachings on how to test soybean cake,
  • Teaching on how to remove the gummy and unpleasant smell of soybean oil
  • Palm Oil/Palm nut cracking
  • Fish Farming (Pond Construction and Fingerlings distribution)
  • Poultry farm (plus marketing ideas)
  • Rabbit farming
  • Snail Farming
  • Grass-cutter/cane rat Farming
  • Commercial Crop Farming
  • Handwork/Workshop Plan
  • Pure Water Business
  • Nylon production
  • Professional Website design (cooperate and personal)
  • Bulk SMS (plus re-seller website)
  • Business Software Design
  • Logo design plus company slogan
  • Printing Press (Graphic design, lithography, banners, poster, handbills etc)
  • Sales of battery cage for livestock farming all over Nigeria
  • E-books on; Broilers farming, Layers farming, Grass-cutter farming, Rabbit farming, Pig farming, Catfish farming, and many more……
  • How to own, manage, and make millions from catfish production (Most demanded)
  • Projecting writing, Sales of written projects, and many more……
Powered by Blogger.