Operations is another key element when developing a business plan. When operations are running smoothly, you can often expect sales to increase. It is important to have your product or service promptly available to your customers. For example, it would be terrible for a business owner to have a product show “out of stock” on an online retailer’s site if other suggested items can’t be shown to the customer. Also, you don’t want the opposite to happen; that is, when you have too much inventory in stock and can’t sell it. It is a careful balance between the two. Also, your business might quickly boom overnight and you need to be prepared for the high volume requests.
Respond to the following questions:
What operational considerations, such as staffing and use of proper equipment, do you need to establish for your new business venture?
What issues could come up with operationalizing your products or services?
How do you plan to overcome any operational roadblocks?
If you are confronted with too much inventory or lack of interest in your services or products, what could you do? https://today.tamu.edu/2018/08/20/empty-shelves-versus-excess-product-how-retailers-should-balance-inventory-levels/ * this artical will help answer this question.*
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