Coin Laundromat Business Analysis

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Coin Laundromat Opportunity A good business opportunity is one that is viable because it offers opportunity for growth. Viable opportunities address a need in the market. In fact, customers often enjoy the use of technology, products, and services that seek to cater for the need in the market (Business, 2010).
The business opportunity for a coin Laundromat is an ideal one because it will go a long way to fill the market demand. A coin Laundromat is a mark used by a commercial establishment that makes use of coin-operated dryers and washing machines and is run through self-service. As such, the paper seeks to develop an organizational plan that shows the firm’s structure, chart, evaluation schemes, measurement, planning, rewards, selection criteria, and training for purposes of enhancing the success of the business venture.
Organizational structure including an organizational chart The coin Laundromat business will take the structure of a company. The company structure will make use of the flat organizational structure. In the early stages of a business, the flat organizational structure is the most efficient because its chain of command is short enhancing quick decision making (Nuttal, 2004). The flat structure has a wide span of control thereby making it possible for all the subordinates to report to the manager without unnecessary bureaucracies. Given that the coin Laundromat is operated as a self-service it is unnecessary to have a tall hierarchy as this will promote unnecessary bureaucracies that will slow down service delivery.
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For instance, when there is a technical breakdown in the coin-operated system, an employee can resolve the problem by providing an alternative payment method thereby boosting the satisfaction of clients. Moreover, the communication between the subordinates and management will be frequent and clear, a vital element for a growth-oriented business such as the coin-operated Laundromat. The chart below depicts a flat structure that is ideal for coin Laundromat’s operations. There are only four levels in the structure. The working teams will operate with the various departments to enhance the functionality of the coin-Laundromat business. The research department helps to develop new innovations that will strengthen the coin Laundromat opportunity. The sales department will engage in intensive marketing of the business idea to attract a wide clientele. The production departments will handle employee productivity while the finance department ensures finances from the coin-operated system are properly recorded. Overall, the flat structure will assist the company save on the high cost of salaries and instead profits will be channeled towards expansion and improvement of service delivery for clients. (http://www. Quazoo.com) Planning, measurement and evaluation schemes The planning process first involves the company’s ability to set a smart goal (Rothwell, 2014). The set goal for the business is to provide fast, convenient and quality laundry services in an appealing Environment. This results to the need to set tasks for all the employees in the company. The personnel in the sales, research, production and finance departments are assigned with various roles that assist in the attainment of the set goal. For instance, the finance department needs to tailor-make their services such that customers can use swipe cards that deduct the cost of wash or dry like a debit card catering for clients who do not have coins. The plan then incorporates a schedule so that the processes can be properly prioritized. Support and following through is essential for the success of the plan because support initiates brain storming that generates better ideas for offering laundry service which is followed by regular checks to enhance its efficiency. By using the organizational chart, the business will be able to assess the various levels that it can measure and evaluate its performance. The employees of the organization will be evaluated based on their rankings and job descriptions as this determines the scope of their responsibilities. In addition, the performance of the coin Laundromat business will be evaluated based on legal, technological, economic, and socio-cultural aspects that are associated with their environment. The operations of the business should adhere to relevant policies as well as the culture of its target market. Another evaluation scheme involves the use of advanced technological equipment to run the coin-operated systems as this would promote efficacy in the Laundromat industry. In addition, the mission, culture,

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