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Essay / Research Paper Abstract
3 pages in length. The writer briefly outlines why the bookkeeper quit after the business's first month in operation. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: LM1_TLCPizzaEval.rtf
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a loss expected during the infancy of any business, however, Charla and Maria clearly overextended themselves to the point where it reflects a potential cycle for the future. Charla
and Maria jumped into their entrepreneurial venture with very little understanding of the financial side of business; while they may have a superior product to sell, they are approaching this
business enterprise without sufficient knowledge of how to make a profit. As such, the bookkeepers itemized statement provides a very clear understanding of which areas of operation must be
monetarily cut back if the pizza restaurant has a chance for survival beyond the initial months of business. II. 10 EVENTS OF THE TRANSFORMATION PROCESS Myriad components go into
the evolution of any business startup (Goff, 2006), however Charla and Maria had the added financial strain of a few additional costs that are specific to the type of business
they opened. Perishable food products are some of the most costly commodities associated with the restaurant industry, inasmuch as they must be utilized within a short window of opportunity
or the investment is lost. Moreover, there is no definitive way to know how much of the final product (pizza) will be sold in any given week, which can
lead to either underestimating or overestimating the need for perishable supplies. The associated cost with this months food products was nearly one fifteen hundred dollars ($1,475); with revenues just
four times that amount, one might readily surmise how the money invested into food product is too high. Pizza ovens and other equipment specific to this type of restaurant constitute
the greatest initial costs for Charla and Marias first month at $5,150. While this machinery is certainly necessary in order to make pizzas, perhaps the owners could have held
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