Article Review

On the Maintenance of a Small crease inventive Cuisine Concepts is a small affair 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 company was going through severe fiscal affect with its mounting debt , inability to make payments to vendors , and mismanagement of financial accounts Johnson s vexation partner left the company , and so she had to notes appear her 401 (k ) retirement savings to exempt her small condescension . She in like manner had to borrow money from the small hereditary pattern of her husband so as to keep on her air . Nevertheless , the small traffic remained in financial trouble . This was before Johnson was advised by her mentor at American Honda to seek help for the financial statements of her small business . Subsequently , the lady haved an accountant for her business and opted for an accounting software program 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 Business Owners , to improve her business and leaders skills . Johnson s failing company began to recover soon after . She expects her business to breakeven in the near future . 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 about Creative Cuisine Concepts , describes many of the challenges approach by small businesses that are mentioned in the textbook . When Johnson s business partner left the company , she became a sole owner of Creative Cuisine Concepts facing personal financial indebtedness for all business debts .

Moreover , the textbook mentions that the owners of small businesses wealthy person to be rather creative so as to maintain their businesses in the face of trials , such as mismanagement and cash flow problem Johnson had to be rather innovative to save her business from the turmoil 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 use up their personal monetary resource to maintain their companies . As compared to public companies , it is difficult for privately own businesses to raise 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 notch a large number of small businesses in the linked States , according to the textbookIn my opinion , Johnson should also approach the Small Business Administration (SBA ) to help her business meet its new tendency 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, modulate it on our website: Ordercustompaper.com

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