Operations Strategy
Facility ► You will have to create a layout of your facility ► This should include a detailed floor plan of your facility and what one can expect upon entering your store ► A legend should also be included
Facility Layout
Shift Schedule ► You also need to create a one week shift schedule for your business ► This should include all of the employees that will be required for each shift and their start times and finish times
Shift Schedule SunMonTuesWedThursFriSat Bob Off 9am- 6pm 10am - 3pm Steve Off 10am - 7pm 10am - 3pm
Forms Required ► Remember the following forms may be required ► ► Register Your Business Name ► ► GST – Goods and Services Tax NOTE: Every business that must pay GST to the government must have a business number. ► ► PST – Provincial Sales Tax You require a vendor permit for Retail Sales Tax ► ► Workplace Health and Safety Insurance Board ► ► Municipal Licenses
Insurance ► There are several types of insurance that must be considered for your venture, these include: ► Property Insurance ► Contents Insurance ► General Liability ► Business Interruption ► Disability Insurance ► Buy-Sell Insurance
Insurance ► Property insurance provides protection against most risks to property, such as fire, theft and some weather damage ► Contents insurance provides protection of the contents of your business against natural disasters or damage, as well as items that are lost or stolen ► General liability insurance is coverage that will protect your business in the event that you are sued
Insurance ► Business interruption insurance protects you from the loss of revenue incurred when you're forced to close down ► Disability insurance provides a percentage of your salary when you are temporarily away from work due to illness or injury ► Buy-Sell insurance is used in a partnership to stipulate what will happen when one of the owners passes away
Layout ► For the remainder of the period you are to work on one of two things: The layout of your company A rough copy of a shift schedule