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M.A.Y
Cosmetics, Business Environment: we will provide a safe and…
M.A.Y
Cosmetics
Human Resources Managment
funtions and how to motivate: M.A.Y cometics will have a team of managers that will help run the company with the employees. We will have activities and opportunities to get together as a team to motivate each other and make the company a better/enjoyable place to work. They can freely express ideas and have a say, in general.
Social Media Plan: Hire online advertisers to create ads for the company- Instagram,Facebook,Youtube etc.
Technological Consideration: Customer service, Machines to choose the colors of their palette ETC.
Government Role: The makeup palette will be tested to make sure its safe to apply and FDA approved. We will have an ensured location in Weslaco and a sales permit as well as insure the tax on our products.
Ownership
Form with 3
reasons “why”: partnership;
1) we are all creating and starting the business together
2) we are all investing our money into the business
3) the more people there is the better knowledge and skills we have to complete our management Tasks
Marketing Plan:
Striving to exceed expectations with something new and revolutionary. Our Magnetic Makeup Palettes at a cost of $29.99 distribution starts local in the United States & Mexico, with promoting we are targeting the age ranges of teens and adults both genders.
Management Functions
w/ each “how”: Planning, organizing, leading and controlling. My partners and I will plan together to have a say. We each do small parts in organizing. We will show and lead the managers to success in M.A.Y cosmetics while having control over the business and employees, keeping everything in order.
Legal Laws & Regulation: Employees wil start off with a minum wage depending on their position. Employees will have one day off each week and 30min-1 hour lunch break in between their work days. Our top priority as a company is our employees safety; There will be security and cameras around the building. Over time, will have more pay but employees can only do 10 hours max of over time .
Technology: create a SWOT
STRENGTHS: employee education and experience,
WEAKNESSES: high prices
OPPORTUNITIES: technology adaptations
THREATS: high competition
Financial statements: income statements, balance sheet and a statement of cash flow &
Financial Systems: we plan to get a short-term loan
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Competitive considerations: some of the competitive considerations in the area of weslaco we must keep in mind are; Merle Norman, Sally Beauty, CVS, and even Walmart.
Legal Considerations: Our company will join with other makeup company's to trade/sale our products in exchange for money.
Social Considerations: we can use eco-friendly materials in our business to not harm the environment and we can also and have in mind everyone gender and cultural customs by the way we advertise and treat our consumers.
International Consideration : "multiple languages" - English, Spanish etc. Variety of payment method ex- Debit card, PayPal, apple pay, cash app etc.
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Social
Responsibility
w/ 2
Outreachs: sponsoring two lucky seniors from the community each year. Community fairs, offering raffles of our products.
Economic Consideration: this would include, Inflation, the rise in demands for certain products, and manufacturing.