Entrepreneurship Paper on Business Essentials
Budget: $10 – $30 USD
Instructions
Final Assessment - Optional Draft
Smart Homes Realty has been in operation for the past 30 years. The company is owned by John Smart, the head chief and accountant. The company doesn’t have a finance manager or human resources department. There are 26 employees in this company, including full- and part-time realtors. Recently, the company experienced a hard financial downfall. The company’s total revenue for the current year is down 36% from the previous year (11,856,600.00 to $7,588,224.00). No other competitor in the market has experienced anything close to such a large financial downturn. Further investigation shows the company is experiencing a higher-than-average turnover rate. Several former employees have expressed leaving the company for a better working environment. You are hired as a manager to evaluate the health of the company and offer advice to improve the company’s performance. The company is small without a business plan, and the owner has been considering outsourcing the accounting part to a finance firm or public accountant.
Please complete a 3-to-5-page (double-spaced) APA paper answering the questions below. After completing the paper, please create a business plan for Smart Homes Realty or a company of your choice. Once you have the plan created, upload a video presenting the plan as if you were marketing to investors. You are not required to submit the plan with the paper, just the video of you going over the plan and the essay. The video should include a visual of the plan and your face while presenting to receive full credit. Kaltura software is useful for creating this type of video.
Should the company create a business plan?
What steps would you take to ensure the business plan is effective?
How can understanding and investing in human resource personnel help the company with its turnover issue?
Are there any legal issues to consider when dealing with employees and the work culture?
What does the company owe its employees?
What financial statements would you want to examine and why?
What should a new manager look for in the financial statements?
How would a SWOT analysis help in evaluating the company’s performance?
Final Assessment - Optional Draft
Smart Homes Realty has been in operation for the past 30 years. The company is owned by John Smart, the head chief and accountant. The company doesn’t have a finance manager or human resources department. There are 26 employees in this company, including full- and part-time realtors. Recently, the company experienced a hard financial downfall. The company’s total revenue for the current year is down 36% from the previous year (11,856,600.00 to $7,588,224.00). No other competitor in the market has experienced anything close to such a large financial downturn. Further investigation shows the company is experiencing a higher-than-average turnover rate. Several former employees have expressed leaving the company for a better working environment. You are hired as a manager to evaluate the health of the company and offer advice to improve the company’s performance. The company is small without a business plan, and the owner has been considering outsourcing the accounting part to a finance firm or public accountant.
Please complete a 3-to-5-page (double-spaced) APA paper answering the questions below. After completing the paper, please create a business plan for Smart Homes Realty or a company of your choice. Once you have the plan created, upload a video presenting the plan as if you were marketing to investors. You are not required to submit the plan with the paper, just the video of you going over the plan and the essay. The video should include a visual of the plan and your face while presenting to receive full credit. Kaltura software is useful for creating this type of video.
Should the company create a business plan?
What steps would you take to ensure the business plan is effective?
How can understanding and investing in human resource personnel help the company with its turnover issue?
Are there any legal issues to consider when dealing with employees and the work culture?
What does the company owe its employees?
What financial statements would you want to examine and why?
What should a new manager look for in the financial statements?
How would a SWOT analysis help in evaluating the company’s performance?