How To Do Business Well in City

សាកលវិទ្យាល័យ វេស្ទើន
WESTER
N
ASSIGNMENT BOOK
323
DEPARTMENT OF FOUNDATION YEAR
Subject : Reading and Speaking Skills
Topic : How to do business well in city
Lecturer’s name: Mr. Buon Cheabphang

Student’s name: Chuon Kimchou, Lim Yoann, Em
Dinet, Peng Chhaihuo, El Nita, Tien Socheat
Year: 1 , Semester : I , Batch: 15

Academic Year : 2017-2018
0
Table of Contents
I. Introduction…………………………………………………..2
II. A way that lead business to successful in city……………......3
1. Business Plan…………………………………………3
2. Places………………………………………………….4
3. Quality and Service…………………………………..5
III. Conclusion…………………………………………………...7
IV. Reference……………………………………….....................7
1
I. Introduction
All countries around the world even in the pass or the future people always do the
business of living and support their family. The business has small business and big
business such as selling the service, goods, ideas, information, experience, places,
people (energy). So by investment in many kind of business make people’s daily life
better and it is also one part that enhancing the national economy to flourish. So what
is Business? Business is an organization or economic system where goods and
services are exchanged for one another or for money. Every business requires some
form of investment and enough customers to whom its output can be sold on a
consistent basis in order to make a profit. Businesses can be privately owned, not-for-
profit or state-owned so today we going to explain you guys about the business more
clearly. the key to success in a business in the city, what you should do and what you
shouldn’t do, and make a good decision.
2
II. A way that lead business to successful in city
1. Business Plan:
In order to succeed your business either it is a big business or small business
you must have a business plan, if not having a business plan you will fail. The reason
that’s prove you must have a business plan. Before starting a business is:
-To test the feasibility of your business idea
-To give you news business the best possible chance of success
-To secure funding, such as Bank loans
-To make business planning manageable and effective
-To attract investors.
Writing a business plan is time consuming, but it’s essential if you want to have a
successful business that’s going to survive the startup phase. If your business doesn’t
have one, maybe it’s time to start working on one. The process of writing a business
plan can do wonders to clarify where you’ve been and where you’ve going. A
business plan conveys the organizational structure of your business, including titles
of directors or officers and their individual duties. It also acts as a management tool
that can be referred to regularly to ensure the business is on course with meeting
goals, sales targets or operational milestones.
3
2. Place
When you start a business you need to choose a right place for it. It can
make a huge impact on it performance. Finding a location for your business is about
more than just choosing a building. If you spent the money on rent at a place that is
silent, rarely people come by, but the rent is cheaper. Do you think your business
going to be as successful as the place where the renting is pretty high but it’s in the
middle of the city or it’s the street that so many people gather around. The right
location for your business is very important and will be a major factor for:
-Potential investors or buyer: potential investors looking at the long term
value of the business will see location as on important factor.
-Cost: can you afford it? Also, thought, consider whether you customers and
employees can afford it. For example, is there free parking or is it
expensive? Will higher rent cause you to change higher prices to your
customer? Also you need to think about taxes.
-Convenience: is it easy to find? If your place is hard to find people might
lost interest in your place if it’s too hard find.
-Zoning: Many cities have very strict zoning requirements. Make sure your
business is even allowed there before you sign the lease.
-Strategic partner: Strategic partner happen more easily when the partner are
local to each other.
Determine your priorities, do your research and get ready to make one of the
most important decisions about your business.
4
3. Qualities and Services:
When it’s comes to qualities and services it’s very important for a business to
continue to grow even it’s already success. If you start to deliver a bad service to your
customer or bad service to your customer it will cause a very bad result for your
business.
Meeting Customer Expectations
Your customers expect you to deliver quality products. If you do not, they will
quickly look for alternatives. Quality is critical to satisfying your customers and
retaining their loyalty so they continue to buy from you in the future. Quality
products make an important contribution to long-term revenue and profitability. They
also enable you to charge and maintain higher prices.
Managing A Reputation
Quality influences your company’s reputation. The growing importance of social

media means that customers and prospects can easily share both favorable opinions
and criticism of your product quality on forums, product review sites and social
networking sites, such as Facebook and Twitter. A strong reputation for quality can
be an important differentiator in markets that are very competitive. Poor quality or a
product failure that results in a product recall campaign can create negative publicity
and damage your reputation.
Meeting Industry Standards
Accreditation to a recognized quality standard may be essential for dealing with

certain customers or complying with legislation. Public sector companies, for
example, may insist that their suppliers achieve accreditation with quality standards.
If you sell products in regulated markets, such as health care, food or electrical goods,
you must be able to comply with health and safety standards designed to protect
consumers. Accredited quality control systems play a crucial role in complying with
those standards. Accreditation can also help you win new customers or enter new
markets by giving prospects independent confirmation of your company’s ability to
supply quality products.
5
Managing Costs
Poor quality increases costs. If you do not have an effective quality control system in
place, you may incur the cost of analyzing nonconforming goods or services to
determine the root causes and retesting products after reworking them. In some cases,
you may have to scrap defective products and incur additional production costs to
replace them. If defective products reach customers, you will have to pay for returns
and replacements and, in serious cases, you could incur legal costs for failure to
comply with customer or industry standards.
6
III. Conclusion
Finally, we’ve seen that starting a business in a city or wherever, is complex,
time consuming and life altering. There are many more things that go into running it
than just providing the product or service that your business offers. You’ll also be
responsible for your business’s finances, protecting your business and personal
assets, keeping your business legal, paying taxes, keeping records, managing
employees and more. If you understand what you’re doing and know how to
minimize the risks and challenges, the independence, personal satisfaction and
financial rewards you can achieve as an entrepreneur and lead you to a successful
business.
IV. Reference
 http://smallbusiness.chron.com/importance-purpose-business-plan-760.html
 https://en.m.wikipedia.org/wiki/Business
 https://www.linkedin.com/pulse/20140410232440-137353-9-qualities-of-a-great-product-
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សាកលវិទ្យាល័យ វេស្ទើន

DEPARTMENT OF FOUNDATION YEAR

Subject : Reading and Speaking Skills

Topic : How to do business well in city

Lecturer’s name: Mr. Buon Cheabphang

Year: 1 , Semester : I , Batch: 15

-To secure funding, such as Bank loans

-To make business planning manageable and effective

-To attract investors.

Meeting Customer Expectations

Quality influences your company’s reputation. The growing importance of social

Meeting Industry Standards

Accreditation to a recognized quality standard may be essential for dealing with

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