Everything in Life has an aim or Objective and so does the world of Business and Money Making. Aside making Profit Here are some Objective i think Entrepreneurs and Soleproperitors Should look forward to
Business Objectives are the end towards which the activities of an enterprise are aimed , to the end point of a management program. They are goals , targets and end points towards which all Management, activities or efforts are organised resourcefully.
Profit Maximisation: Although profit Maximisation has being seen to represent the key object of many organizations, others do not see profits as all important to be able to earn a profit, a business must have a constant sales of its product. This will depend among other things the quality of the products of such company.
Survival: This Continuous existence of many businesses are paramount . Survival is the ability of an organisation to manage , it's material, Financial and Human resources in the test of time.
3.Growth: Growth in business is the provision of new jobs, new ideas , ( Technology) and the achievement and buying of new equipments or facilities and expansion. Such facilities includes mechinary and equipment, new premises and labour, any business that stands still is bad. Therefore growth is a long term survival for a business.
4. Social Responsibilities : Social Responsibilities includes the ability to meet the expected social obligations of the organisations such obligations includes ; Provision of Water , Electricity, Schools, Hospital, Good Roads,Churches, Mosques. In other areas where they operates, other social responsibilities includes:
a.Scholarship
b. Employment of Indigens and the concern for the general well being of the communities. The absences of this social objectives can results to the industrial relations, problems.
Good Public Relations
Maintenance of Market Shares
Creation of Jobs Opportunities
8.Provision of Goods and Services