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Managing and Running a Small Business

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Added on  2023-01-10

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This project explores the management and operation of a small business, focusing on cash flow analysis, break-even analysis, and relevant final accounts. It also discusses the legal obligations that impact small enterprises. The case study used is Red Robin, an American restaurant.

Managing and Running a Small Business

   Added on 2023-01-10

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Managing and Running a
Small Business
Managing and Running a Small Business_1
Table of Contents
INTRODUCTION...........................................................................................................................3
ACTIVITY – 1 ................................................................................................................................3
Covered in Brochure....................................................................................................................3
ACTIVITY – 2.................................................................................................................................3
P4. Interpret the monthly cash flow for annual year with fixed and variable cost to set beside
income..........................................................................................................................................3
P5. Assess Break-Even Analysis for a business administration..................................................5
P6. Give relevant final accounts for organisation that relates to success....................................5
ACTIVITY 3....................................................................................................................................7
P7. Analyse the lawful obligation which impact small enterprise...............................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
Managing and Running a Small Business_2
Managing and Running a Small Business_3
INTRODUCTION
The main activity performed by Board of Executives within an organisation is to develop
business plan by forecasting strategies that creates prospect to compete with opponents. The
client selected for Suzanne Oldham Consulting Firm is Red Robin for being an American
restaurant founded in September 1969, situated at Seattle, Yakima, Washington, United States.
This project interprets cash flow for analysing the fixed and variable cost that has to be set
against earned income (Akpamah, 2019). It further assesses Break-Even Analysis and gives
relevant final accounts for small business which results in achieving victory. Additionally, it
analyses the legally recognized obligations which impact the business activities of petite
enterprise.
ACTIVITY – 1
Covered in Brochure
ACTIVITY – 2
P4. Interpret the monthly cash flow for annual year with fixed and variable cost to set beside
income
Scalable Enterprise:- This enterprise is described as newly established business which
aims to tap at international marketplace with its competitive strategies for maximising revenue.
The managers of Red Robins focus on expanding their business with the motive to enlarge sales
for attracting customers to purchase more of their specialised products and services at low cost. It
creates threats for others being stable at global market which aims to analyse their strategies
(Anbuoli, 2018).
Financing sources for scalable business:- There are various financial sources that
provides funds for company to remain sustainable at competitive market. It is most important for
organisation to utilise their scarce resources effectively for capital generation. Managers of Red
Robins further aims to invest and fund high monetary terms within the business for tapping into
international market through foreign direct investment.
Personal Saving:- The entrepreneurs of Red Robins further aims to invest money from
their personal saving by transferring their retained earnings from existing business
(Bagley, Abubaker and Shahnaz, 2018).
Managing and Running a Small Business_4

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