Business Portfolio
Jose Ortiz
BUS/211
07/21/14
Dr. Michael Charter

Business Portfolio When embarking upon any new business venture, there are many things to think about in its inception. In order to be successful, one must take the time to create a business plan that will incorporate all the aspects that a business requires. When building and maintaining a business, preparation is paramount to its success.
To ensure that the business is well-established for success, certain factors must be considered. In building the business organization for the Ortiz Daycare, several things were considered in the planning stages, starting with organization of the details in setting up the facility to meet state standards. A budget for operational costs was set up to help control start-up costs of the business. The company vision was then established as a foundation for what it would take for the organization to succeed. With any new business venture there are legal and ethical issues to be considered. In order to help avoid the pitfalls that sometimes come with a new business, an employee handbook outlining the procedures and policies of the business will be created. This would help in making sure that the organization would not fall into any unethical or illegal practices. Maintaining the employee handbook, and updating it as needed, would allow for ongoing adherence to the procedures and policies. This will allow the business to create a professional culture where everyone is valued, and made to feel they are protected by the employer.
In business, the credo “there is a culture like it or not.” (Dougherty 2014 HBR) definitely holds true. Part of the business model for the Ortiz Daycare Facility includes the culture that the business will run most effectively when adhering to the policies, procedures, and employee training. This will help to establish the vision