Major business pressures the company is likely to face and expected response

For this type of business, the customers for my start-up business are the bartenders and the waiters. The suppliers will be the source of these bartenders and waiters i.e. the hotels, restaurants, bars and other social joints. The figure below shows the supply chain for my business.

Importance of information systems

Information is said to be the processed data which is used to decipher a certain type of information and gain understanding of what the data is all about. A business plan is important because it has such information on planning like marketing strategies, analysis of competition and the financial projections for the business. Information system and new technologies are and will continue to be an important tool in helping the start-up systems to manage business. For effective decision making, it requires the right information which will be in the hands of management and at the right time. As the business owner, it is critical to understand which factors are critical to a decision and the sensitivity of such factors.

Information system will assist the business with comprehensive products and even consulting services to assist the managers in improving decision processes. This is because the right information will have a critical impact in operating costs, operating effectiveness and customer satisfaction.

Information system will also be used to have a copy of all the businesses’ customers, their payment status and their consistency. It will be used to track the customers’ (in this case the students; bartenders and waiters) and their consistency. This will greatly help to draw a future program and a conclusion about the same.

Simply put is that for any entrepreneur, there is need for a website. I will build a website for my business that will enable users to easily find any information about it and how they can avail themselves to our premises. (Schaefer, Patricia). I understand that for success of any new business, the business owner (me in this case) is the ultimate secret to success. For me, failure will never be an option and I will be armed with a drive, determination and a positive mindset, I will view any setback as an opportunity to grow.

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