Image Cafe Case Study 1. Evaluate Clarence Wooten’s strengths and weaknesses Based on the article, Mr. Wooten has a lot of experiences in computer techniques because he loves video games and computers. He has talent in computer-graphic, internet techniques and software development. One if very important strengths is that he was studying architecture and business. He also has rich experience in building three companies and deal with different customers. One of his weaknesses is that he cannot find enough funding resources. Mr. Wooten cannot offer initiative fund by himself. Even though Mr. Wooten was in the business for a long time, he does not have good relationship with his customers. 2. What do you think about Wooten’s product versus …show more content…
Does he need to raise money, and if so how much? Yes, it was necessary for Mr. Wooten to raise money if he wanted his business to survive. In my opinion, he needed capital to sustain for at least 36 months. It means 36 months x $50K = $1.8 million. Mr. Wooten also had an opportunity to sell his company to Network Solutions. He could only do it after the 90 day no shop clause. 6. How would you respond to the Network Solutions offer? The capital of Image Café was running low. Mr. Wooten was in trouble with his business so If I were Mr. Wooten, I would take full advantage of Network Solutions Offer. I would sell Image Café for $21 millions because I would know that I would not need to worry anymore about my business and I think that the offer was fair. 7. How would you go about valuing Image Cafe? I would value Image Café with two criteria. First, I would value it by company’s revenue. Revenue is the crudest approximation of a business's worth. If the business sells $300,000 per year, I could think of it as a $300,000 revenue stream. Another way to look at value of Image Cafe would be by estimating Image Café’s earning potential based on theoretical demand in the market. 8. What are the personal implications for Wooten if he sells or
According to Chairman and CEO, DDD OOO, there are a few things that will sustain the company and its financial pos...
... their money to turn a profit. Being an entrepreneur and starting a business does not mean that the person knows what they are doing, and most of the time they are just defending their ideas until they ultimately fail. They spend most of their time in the business and not on the business, and in return if they do not realize this they will fail as well. By being an entrepreneur, it can be easy if you follow all the guidelines listed in this book, and there will be success in any business which has been started. For some entrepreneurs their minds are consumed by their ideas, without wanting to listen to others, failure will be in the imminent future. Therefore after reading this book it is evident that an entrepreneur must follow these concepts and processes in order to overcome this problem among entrepreneurs in society, and by doing so they will achieve success.
I would recommend the first alternative which is to improve management. Mr. Walsh wasn't trained and didn't understand management. He could handle the company when it was small. He got lost as the Inner-City paint grew. If Mr. Walsh did some training, then the company probably wouldn't be in such a mess. He did understand how to expand the business and add employees were they are needed but he lacked giving trust to other people.
In this part we will show the coffee chain industry conditions in Canada, and analyze the coffee market structure to compare the several largest coffee chains, then analyze some significant data to check Tim Hortons’ operation situation.
Senior Management of PepsiCo is evaluating the potential acquisition of two companies – Carts of Colorado and California Pizza Kitchen – in order to expand the company’s restaurant business. If indeed PepsiCo decides to pursue the acquisition of one or both, they must decide how to align each of these business units in its historically decentralized management approach and how to forge relationships between the acquired business units and existing business units. In their evaluation, Senior Management is faced with the question of whether the necessary capital investment in order to purchase one or both of the businesses can be profitable for each of the acquired business units, but must also take into consideration that the additional business units will not hinder the profitability of the existing business units.
All five of these suggested solutions are within The Limited, Inc.'s capabilities, although some fair better than others. The cost of all of these solutions would be very expensive, this is why the firm can only take advantage of a few of these solutions. Funding these projects is the main problem. All of these solutions would also call for extensive research. This research would be involved in the beginning phases of each of the suggested solutions. Those are the two biggest cost of the recommendations.
Strengths: The client likes to paint, color, draw, likes to cook, watch cartoons, and he likes to go to school and enjoy his time with peers. She client is polite, likes to color, draw, is interested in sports and video games.
As shown in this exhibit Dunkin Brand Group currently has $3,177,383,000 in total assets; $2,809,424,000 in total liabilities; and $367,959,000 in shareholder’s equity. Starbucks has total assets of $12,446,100,000; $6,628,100,000 in total liabilities; and $5,818,000,000 in shareholder’s equity. McDonald’s has the highest total assets as well as total liabilities and shareholder’s equity of the three competitors. The company 's total assets of $34,281,400,000; $21,428,000,000 in total liabilities; and $12,853,400,000 in shareholder’s equity. The balance sheet is a financial statement that is used to report the financial position of a company in its fiscal year. With these three competitors, it is clear that McDonald 's is the largest of the three and has both the most assets and
For one of my selections for buying stock, I invested into Starbucks, this company has attracted me with their wonders of different coffees, and I knew many others were interested in the very popular coffee company. Starbucks all started 1971 in Seattle Washington. With three men which were Jerry Baldwin, Zev Siegel and Gordon Bowker each of them put in one thousand three hundred and fifty dollars along with a barrowed five thousand from the bank to start up there small coffee shop in pick place market, witch is located in down town Seattle. The name for this company was inspired from the character Starbuck from Moby Dick; this character was a coffee lover. There close friend designed there well known logo. These men never thought of this small company to get large they just thought of it as a small coffee shop. Out of all three men Siegel was the only one that work at it full time. The men depened on a man named Alfred Peet for there coffee beans but soon then started there own blends of coffee beans. With in a year opening the first store they were able to open a second store. When the 1980’s rolled around, it was a thriving company, in the Seattle area. However, the co-founders began to have other interests and were involved in other careers simultaneously. Despite that, the company was about to undergo a major turning point. A man by the name of Howard Schultz started to pursue an interest in the company. He noticed that the coffee shop had a wonderful environment. He started asking a questions and becoming more and more interested by every moment. He loved how the founders had so much knowledge on the coffee and each blend. In 1982, Schultz became director of retail operation. This was just the start to a new phase with the company.
Happy Chips, Inc. is faced with a serious problem, with only one mass merchandise customer called “Buy 4 Less” being unhappy with the company’s operating performance. Buy 4 Less had several problems cited, including frequent stock outs, poor customer service responsiveness, and high prices for the products being supplied. Buy 4 Less came up with solutions they think seem fit to fix the problems they found with Happy Chips, Inc. and if Happy Chips, Inc. wishes to remain a supplier to their company, they will have to incorporate these changes. The problem, however, with this scenario, is that employees of Happy Chip, Inc. are not happy with the demands Buy 4 Less has bestowed upon them, which include providing direct store delivery four times a week instead of three, installing an automated order inquiry system to increase customer service responsiveness, and decreasing product prices by 5%. Even though the easiest thing for Happy Chips, Inc. to do is to agree to the changes Buy 4 Less wants them to do, Wendell Worthmann, the manager of logistics cost analysis, doesn’t agree to the changes right away.
Give a critical evaluation of the complete tasks identifying two strengths and two weaknesses that you find.
The members have been generating client bases in their own related businesses since 1999, previously, the members enjoyed mild success in their own businesses, and have been limited only by capital and available time.
5. Business is business and every firm has to find ways to produce and market its goods. Why, then, might managers be unable to successfully apply the techniques and concepts they have learned in
This was a long-term design project, and everything was fresh to me. Patience was the crucial and essential factor that was needed in such a long project in my view. Fortunately, I learned and gained the patience. Besides, communication was another extremely significant factor. It was essential to communicate and discuss with the pathway tutors and the course mates regularly, for the information of the tutor was the most useful advice in the process of major project. Overall, I achieved these two important factors which also could be described as strengths.
find it difficult to set up a business and make it a success. This is