Lisa's Gym Cash Flow Management

This assignment focuses on analyzing the financial situation of Lisa's Gym. The provided text highlights Lisa's struggles with managing her gym's stock, cash flow, and customer bills. It identifies key areas where improvement is needed, such as better inventory control, efficient billing practices, and addressing rent payments. The assignment requires a critical analysis of these challenges and the development of actionable solutions to enhance Lisa's Gym's financial health.

CT AS3 CASE STUDY

Table of Contents
WEEK 7: MARKET RESEARCH..................................................................................................1
Launch of eatery..........................................................................................................................1
WEEK 8: ETHICAL DILEMMA....................................................................................................2
Ethics...........................................................................................................................................2
Ethical Dilemma..........................................................................................................................2
Solution for the case....................................................................................................................2
WEEK 9: EQUALITY AND DIVERSITY.....................................................................................3
WEEK 10: CRIMINAL LAW.........................................................................................................4
Rights of Lu Yin..........................................................................................................................4
Advise to Lu yin..........................................................................................................................4
Justification on the basis of earlier research...............................................................................5
Examples to support recommendation........................................................................................5
WEEK 11: ACCOUNTING MODULE .........................................................................................5
1 List of Lisa's asset, liability, expenses and gains.....................................................................5
2. Problems and solution for managing cash flow......................................................................5
REFERENCES................................................................................................................................7

WEEK 7: MARKET RESEARCH
Launch of eatery
Type: The most edible food these days is Fast food and Barbeque, therefore the firm will focus
on launching healthy fast food eatery.
Location: Eatery will focus on grabbing Prime locations like, near school or colleges otherwise
Malls.
Market Segment: When segment, the first motive will be to divide customers according to
lifestyles, demographics, needs, personality and eating habits. When segmenting market
researcher ensures that there is no discrimination on basis of caste, colour, creed, religion etc.
because this practice can harm the persona beliefs and values of customers (Bailey, Pritchard and
Kernohan, 2015).
Primary research method: Primary research is the best to make assumption after segmenting
market. It assists in making easy analysis of collected information (Sekaran and Bougie, 2016).
In this scholar will use survey technique in which it will focus on preparing questionnaire for
potential 100 customers of each segment. The questionnaires will consist of favourite fast food
and eating habits of person. The questionnaire will be asked on door to door interview because it
is most effective form of evaluating and understanding the customer requirement. Before
conducting research the person will seek for permission from higher authority of area in order to
make research process ethical and effective.
Questions
 Which fast food you like the most?
 According to which fast food is healthier?
 What according to you can make fast food healthy?
 At what time you prefer eating fast food?
This type of questions will be formulated in questionnaire because ethical consideration plays a
vital role in research process. Thus, it is important for the scholar to formulate question in way
which do not harm emotion and feeling of any individual.
Secondary research methods: Secondary methods are, data from governmental department,
census, current rolling news in newspapers, restaurant records etc. In this market research
process the scholar will make use of newspaper and nearby restaurant records because these are
best sources which will assist in collecting valuable information.
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Hence, data protection act is related to market research because it is act which ensures the
questions and information collected through investigation process is not hampering privacy of
any individuals not investigator and not of all the individuals are part of research. Further, it is
important for the researcher to make sure that when conducting research should harm emotions,
moral values and belief of any individuals. Thus, ethical concerns while conducting investigation
plays vital role because it assists in making process effective and collecting appropriate
information for new project.
WEEK 8: ETHICAL DILEMMA
Ethics
Ethics are the individual's behaviour which is influenced by moral values and beliefs. The
activity of person is influenced by his or her learning and beliefs which can be either right or
wrong (Peters, 2015). It comprises all the knowledge about beliefs and values which governs
individuals behaviour and attitude towards it working, learning and behaving practices.
Ethical Dilemma
Ethical dilemma is the situation in which the person is unable to determine the wrong and
right of the situation because the individuals conflicts between the professional and personal
learning and values (Wright and et.al., 2014). In business scenario Dilemma of the situation is
whether to advertise about the check-up of aged people for Bowel Cancer 365 days in order to
make people aware about its increasing impacts or to advertise about only 2 months because 365
days advertising is costly which impacts the fund availability. Thus, in this scenario person
conflicts between the developing untreatable cancer or to manage fund availability.
Solution for the case
Raising awareness about cancer is a good practice which is being conducted by manager
on charity but the Dilemma arises at the time of funding where there was short of fund due to
which the manager advertise only 2 months. If the person needs to advertise of 10 more months
than it requires more funding and if the firm will advertise only 2 months than year than it will
increase the chance of developing untreatable cancer because it has been demonstrated that the
advertising done by manager was effective and at the time of two months advertising the
response of people is remarkable. Therefore, in accordance to the motive of Charity house that is
to make people about the regular check-up of bowel cancer it is important for the manger to
advertise 365. In addition, the moral values of manager also believes that society should be
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aware about the increasing effects of cancer. Therefore, in accordance to scenario its is analysed
that the advertising is done for only two months because of and availability. However, manager
can first seek for funds to from potential investors who believes in healthier society concepts.
Further when adverting for 2 months, the firm can add line to seek fund which will assist in
making people more aware about the campaigns and shortage of funds. Door to Door seeking for
sponsoring advertisement is also the step which can assist in over coming the challenge dilemma.
Hence, the seeking for funds because saving lives is beyond any advertisement and money.
WEEK 9: EQUALITY AND DIVERSITY
Diversity: It states that types of people from different culture and different backgrounds with
different beliefs and different values.
Equality: It sates that everyone is equal regardless of their opportunity, background, abilities and
living styles.
Therefore, when starting new small business the entrepreneur will ensure that there will
no discrimination among employees and customers on the basis of diversity instead the firm will
ensure mandatory compliance with all the equity act in order to protect the right of all
stakeholders (Thompson, 2016). Thus, to protect the rights of society, the government has
enacted regulations like Equality Act 2010 which comprise various act such as Discrimination
Act 1995, Race Relations Act 1976 etc.
The importance of diversity in today's changing Britain are as follows:
 It is helping people to enhance their business because these days customers of companies
are from outskirts which assist the firm in making innovating and expanding their
business
 Changing diversity in Britain is assisting small business firms to reach more and more
customers.
 It is helping entrepreneurs in developing virtual team which is most effective step to
make innovation in products and services.
 It is assist enterprises in chance faces of business world which is heading towards growth
and development of society as well as economy.
Diversity in the workplace
 It is important to implement diversity in Workplace because it is the best way to secure
goodwill
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 It assists in making innovation in products and services (Janssens and Zanoni, 2014).
 The firm implements diversity to attain competitive advantage.
 It assists in setting equal workplace standards for all employees regardless of their
opportunities, abilities etc.
For instance, the biggest example which influence the diversity plans of new firm is, success of
The Deloitte UK, the company which offers advisory services on tax and audit analysed that UK
has very poor social mobility because there are people who have no livelihood and unemployed
regardless of their talent and abilities. The firm decided to hire people on merit basis and not on
base of their colour case, race, religion. It is the strategy which assisted the company in attaining
competitive advantage and providing employment opportunities. Hence, with this the business
successfully launched its hiring process as “” Large diversity strategy to mitigate social mobility.
Steps to ensure successful implementation of equality and diversity will be:
 Compliance with equality and diversity regulations.
 Formation of Virtual teams.
 Supporting and providing equal opportunities to all workers
 Hiring process will be to promote the concept of social mobility.
WEEK 10: CRIMINAL LAW
Rights of Lu Yin
There are many individuals who get accursed for the crime which they are not involved
in like in case of Lu yin where Policed accused her for Credit card fraud but she has all the
evidence which can prove her innocent. The rights under UK law she holds are: Right to get free
legal advice, Right to inform to family member or to immediate guardian, right to get medical if
situation is critical and beyond handling, right to ask police to behave under code of practice.
The problems with false confession Lu Yin is the interrogation techniques of police.
Advise to Lu yin
Lu yin can use her rights at the time of interrogation like she can ask police to show her
advice that whey police is accusing her. Moreover, she can ask to let her seek of free legal advice
which is owes as per the rights. She can even ask to check the evidences which prove her
innocence. Further code of practices states that at the time of interrogation police have to behave
properly with individual until his or her crime has been proven.
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Justification on the basis of earlier research
According to past research, it has been analysed that the right to free legal advice,
medical, inform to family member are enforced by UK government to protect the rights of
innocent people in society. Moreover, there are many cases where the individuals got out all the
proceedings by making use of these rights. Therefore, accordion to Lu yin scenario she can make
use of rights which are enacted by UK government to protect the interest of innocent people to
realised from all the legal proceeding which for which is being wrongly accused (Kadish,
Schulhofer and Barkow, 2016).
Examples to support recommendation
There was case when boy James who was new to tow and he got accused for debit card
fraud but he has all the evidence therefore at the time of interrogation he asked to get free legal
advice and informed his immediate guardian using his rights. Hence, at last police was bound to
look over evidences which prove his innocence. Hence, according to case it can be recommended
that The best way to come out of legal proceedings and case of credit card fraud is to understand
and make use of right enforced by Government (Keating and et.al., 2014).
WEEK 11: ACCOUNTING MODULE
1 List of Lisa's asset, liability, expenses and gains
According to scenario, it has been determined that asset of Lisa comprise, Gym
equipments which she buyed from her lifetime saving, stock which she buys from internet
wholesaler when she realized that her bank account is running low, so the stock is drinks, protein
powders, medical supplies and branded gym clothes and premiss which are not being used
properly. Further the major asset of Lisa is her regular paying customers. Apart from this,
liabilities are, the space for boxing gym for which is liable to pay regular rent, credit customers
and the suppliers. Further, her expenses are, The stock available room and the customers who
leave without clearing the bills. However, Gains for Lisa is her paying customers.
2. Problems and solution for managing cash flow
The major issue with Lisa in her Cash flow is her credit and no paying customers because
already Lisa is low with the bank balance and these issues leads to several cash variances.
Further, when she runs out of stock she buys from local market at high prices which influence
her entire saving which she made by buying from internet wholesaler. Premises which are not
being proper used but for that Lisa pay advanced rental every month interrupts the cash flow.
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Hence, according to condition it has been analysed that Lisa have enough stock and space to
manage all its Gym equipments and stock but in accordance to her situation the equipments are
not being managed properly. Therefore, in order to resolve the issue of cash flow Lisa will have
to manage its stock in order to make areas spacious like the theft stock is so unmanaged that any
incident happens than she did not even know about the amount of stock she has in Gym (Dianati
Deilami, Alambeigi and Barzegar, 2016). Managing customers and their bills after sale will play
a very important role in managing cash flow statement in the future. Moreover, it is important for
Lisa to ensure that there is adequate stock available order to avoid buying from local market at
expensive rates. Lastly, Lisa can focus on rent payment because if its runs of date is due than it
will hamper all its cash flow process and management in the future (Kroes and Manikas, 2014).
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REFERENCES
Books and Journals
Bailey, P., Pritchard, G. and Kernohan, H., 2015. Gamification in market research: increasing
enjoyment, participant engagement and richness of data, but what of data validity?.
International Journal of Market Research. 57(1). pp.17-28.
Dianati Deilami, Z., Alambeigi, A. and Barzegar, M., 2016. Examining the Moderating Effect of
Industry Competition on Relationship between Privatization, Financial Performance and
Using of Management Accounting Tools in TSE. International Journal of Finance &
Managerial Accounting. 1(3). pp.87-100.
Janssens, M. and Zanoni, P., 2014. Alternative diversity management: Organizational practices
fostering ethnic equality at work. Scandinavian Journal of Management. 30(3). pp.317-
331.
Kadish, S.H., Schulhofer, S.J. and Barkow, R.E., 2016. Criminal law and its processes: cases
and materials. Wolters Kluwer Law & Business.
Keating, H. and et.al., 2014. Criminal law: text and materials. Sweet & Maxwell.
Kroes, J.R. and Manikas, A.S., 2014. Cash flow management and manufacturing firm financial
performance: A longitudinal perspective. International Journal of Production
Economics. 148. pp.37-50.
Peters, R.S., 2015. Ethics and Education (Routledge Revivals). Routledge.
Sekaran, U. and Bougie, R., 2016. Research methods for business: A skill building approach.
John Wiley & Sons.
Thompson, N., 2016. Anti-discriminatory practice: Equality, diversity and social justice.
Palgrave Macmillan.
Wright, D. and et.al., 2014. Ethical dilemma scenarios and emerging technologies. Technological
Forecasting and Social Change. 87. pp.325-336.
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