New shop in my local area Essay Example

individual profit. On the other hand, being in a partnership provides the advantage of having someone work at the shop when I am unable to, such as during holidays or illness. As a sole-trader, however, the business would need to close during periods of absence.

Unincorporated business structures like sole-traders and partnerships are viewed as a single entity, leaving the owner liable for any debts or issues that may arise. Opting for a partnership, I can ensure the shop will always have someone to run it in case of my absence due to illness or personal reasons.

Having a business partner is advantageous as it ensures a continuous flow of ideas and prevents idea depletion. The organisation chart visually depicts the owners and employees of my business, which has a flat structure consisting of only two levels. The span of control, referring to the number of individuals one person can directly manage, is narrow in my business.

With two individuals directing two others, the team is limited in size. Specifically, Emma and myself will provide direction to Megan and Lucy, our part-time aids. Delegation, or the act of assigning tasks and duties to subordinates, will occur between Emma, myself, Megan, and Lucy. However, the ultimate responsibility falls on Emma and myself. Trust between all members is crucial for successful delegation.

My business operates with centralized decision-making, where Emma and I are the primary decision-makers. If Megan or Lucy have any ideas, they'll share them with either of us. As there are only four people, including me, we communicate through talking and don't need any other channels. The chain of command in my business is small, with

decisions made by Emma and me passed onto Megan and Lucy, the part-time workers. They'll share their ideas with us, if any.