Article Review

On the Maintenance of a Small crease imaginative Cuisine Concepts is a broken aff fear line run by Sharon F . Johnson employing twenty five staff members , and serving 15 hundred meals at one of the cafeterias of America Hondo Motor Co . The family was going through severe fiscal profess with its mounting debt , inability to make payments to vendors , and mismanagement of financial accounts Johnson s peevishness partner left the company , and so she had to notes appear her 401 (k ) loneliness savings to exempt her small condescension . She in cargon manner had to borrow money from the small hereditary sit of her husband so as to keep on her air . Nevertheless , the small traffic remained in financial inconvenience oneself . This was before Johnson was advised by her mentor at American Honda to seek help for the financial statements of her small blood . by and by , the lady haved an accountant for her business and opted for an accounting software soma in seat of the -based system . She also began to back away a training feed , sponsored by the Los Angeles chapter of the National Assn . of Women stock Owners , to improve her business and leaders skills . Johnson s failing company began to retrieve soon after . She expects her business to breakeven in the near prox . With the results that she has achieved thus far , she has to boot planned to grow her business from 1 .5 million to 50 million in revenue (ZwahlenZwahlen s article , Recovering from pecuniary Turmoil ab come out of the closet imaginative Cuisine Concepts , describes many of the challenges approach by small businesses that are mentioned in the text . When Johnson s business partner left the company , she became a sole owner of Creative Cuisine Concepts veneer personal financial indebtedness for all business debts .

what is more , the textbook mentions that the owners of small businesses wealthy person to be or else creative so as to economise their businesses in the casing of trials , such as mismanagement and cash flow enigma Johnson had to be rather innovative to save her business from the rumpus that it faced . She had to borrow from her husband s inheritance , and cash out her retirement savings plan . similarly according to the textbook , this is the usual route taken by the owners of small businesses who must(prenominal) use up their personal monetary resource to maintain their companies . As compared to public companies , it is difficult for privately own bu sinesses to acquire funds . Lastly , the textbook mentions management problems at small businesses that do not have the funds to hire a large number of competent people . Johnson had to take a business and leadership social class to enhance her skills . The course was sponsored by an association of business women , who are known to crack a large number of small businesses in the united States , according to the textbookIn my opinion , Johnson should also approach the Small business organization Administration (SBA ) to help her business meet its new propensity of raising 50 million in revenue . As a matter of fact , the owner of the small business should have approached the SBA at...If you want to get a full essay, regularize it on our website: BestEssayCheap.com

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