International Business Venezuela essay
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My Business PlanMy plan is to set up a Florist business. I’ll benefit from cheap labor to work as my staff like working in marketing, space, customer attraction), besides I can obtain different seeds for flowers from other member nations which are unavailable in Venezuela. I can also hire skilled manpower for interior designing of my flower shop because the environment of the shop is important to attract customers. Our shop is bound to prosper during the construction period of the pipeline. From all over the country people can come especially flower holidays such as Valentine’s Day, anniversaries and mother’s Day. I have to be innovative in my approach to attract guests, provide services that much budget floral shop may not be offering such as discount on different flowers that grow in other seasons (Beener, 2008). This is now possible under Mercosur due to easy availability of resources. The drawbacks I can face are increased competition. I will also have to devise ways to retain my staff as other floral shops that come up may offer better incentives and poach trained laboring such as scenario my business might suffer.