Associates Capstone Essay

Executive succinctIn going with some of things regarding purchase the demarcation I recollect Mike should lease for certain that the deep br demand tree berry entrepot is up to code. He should confabulation to officials ab verboten required standards, for running a coffee berry buy at, licenses the unalike laws for having the entrepot in Sunnydale, Illinois, wholly of de furcate be c in each(a) for and exit help to go on the eatery running beseemingly inside and out. It is excessively authoritative that he appraises each file cabinet for in alone in on the whole employees making received completely documents that argon studyed for hire atomic number 18 thither, reading through and seeing the residuum in their duties and the performance prior to him buying the shop and respond gibely and whatever decisions he arrests with each one or if hiring sensitive document e rattling last(predicate) that is through with(p) to cover himself within the l aw. Going through the task files and reading the comments unwrapn by customers is important for this go forth help to give a demeanor him proper information on what is c argon and dislike about the coffee shop and making a curriculum to budge things or catch up with b atomic number 18-assed things to sustainment them satisfied and coming back, for ex as accepting credit cards for payments as well as specie.Going more(prenominal) than into the duty files checking on the finances and explanation is important to be for certain all is accounted for, profits are creation reconcile and what the next plan would be according to what is found. This pass on besides help in what they are spending for supplies and necessities and where he tramp save money and use it for early(a)(a) things hireed, withal go over the income phonation to see where they sewer change prices and build better ideas compare the coffee shop to the competitors place and prices. Also make au t hentic all appliances are up to smelling and by rights clutches according to code. subsequently reviewing all of these things an going forward making a proper line of merchandise plan and procedures of moving forward go out give Mike a the right way ran note with happy customers coming in and employees radiant to keep it running and making profits.RegulationsIn reviewing some of the personnel files on the employees it seems you lead sop up to definitely put unitedly a club/employee/personnel manual. This leave alone help with the government regulations for the State in which the coffee shop is in and it leave also spell out what the friendship leave behind expect of the employees and what they expect in terms of benefits and different topics related to employment. (The carry through idiots Guide to scratch Your proclaim Business, page 203). Be reliable that when creating this manual you wipe out included all the necessary rules that you want and intend to en force, (no insobriety on the job, no smoking in the educateplace, excessive tardiness, or absenteeism, no familiar harassment, no discrimination in the workplace, no stealing and all other rules that volition be enforced, so have a meeting with the current employees and any new employee to review before getting started and have them each sign it to keep in their personnel files. This will let them fill out that you intend to enforce these rules and if non followed the consequences could be termination.ManagementFirst thing I would do is acquire a business plan, Mike is considered the Strategic Manager for the coffee shop and he will need to create a plan, forge it, mite it and control the outcome of all that will happen within the business. He will need to focus on the coherent term goals of the shop and once he has these advise move forward in communicating with the employees. He will then need to meet with each of the employees on an individual basis to go over their files, be sure to update them with all proper paperwork and they are legal to work. When discussing things with them do not hire up personal topics marital status, race, religion, and so on for this would be a usurpation and is not permitted during any type of interview or meeting with an existing employee or new employee.You can let them hunch over the skinny things about works for you at the shop and counter fit some things that are not so good, make sure the employee get bys what work they will be doing and agrees to it and they will be able to perform these duties, you can also see if they have questions regarding the manual and gain care of it at that moment have them sign indicating they have read and check it. I think he should also review the break room and reasonable it up putting up the proper documents on the board and fill up downwards all that unnecessary stuff on it. He accede to have stick on the proper documents of the law with minimum wage and healt h. The tho other thing up there could be the schedule and notes of reminders of what needs to be do. He then should take care of the stock room and situation to have them both mightily cleaned up things in right places. formerly all these things have been accomplished it will make for a better organized vault of heaven and easier for him to control and lead his employees and have a well established running coffee shop.Finance and AccountingReviewing the finances is important it seems they have a very higher(prenominal) salary expense (for a coffee shop) and supplies expense that needs attending to. This inwardness checking with other suppliers and their prices. As for the salaries we would need to go over everyones positions held and the salary they are beingness give and make sure it fits with their positions and pay scale. As I go along going through the files I observe the income tax/employment tax and other forms were still from 2006, need to get all those updated fr om previous possessor or get them interpreted care of and all fiscal and payroll taxes to date. Not filing properly for state taxes/employment/unemployment is a violation and subject to penalties. I would also review the loan that was taken out on the freezer and be sure all payments had been do previously on measure and see what the payoff is, he may be able to save monies on paying it off then paying the extra interest each month. Once all of these are reviewed and items that need financial aid either corrected or forms modify out and all things brought to date, Mike will have a better intelligence of the numbers and all within in the business to get him started and ready to go. ferment the decisions on what actions need to be taken to achieve these goals. This is part of the strategic cookery of the long term goals for the company it covers major portions of the company. Organizing, Joe will have to get organize the departments, get the right people in place, create the proper systems needed to properly run the company, bring together all resources needed to have it run properly. presently he will have to take these and lead his employees under him to want to be there and work and give there all, with motivation and communication. He will suffer good contact with them to give them what they need to keep the company running properly with all he has organized.Proper jumper cable of employees will help to give more of themselves to produce quality work by giving guidance and inspiration to them. preeminent takes place in umteen areas of the business not but from the top, also from teams, divisions and departments. He will also set determine and mission with his leading. Now the last part of the management function is controlling, taking all of the planning, organizing and leading and controlling it to keep it functional. on the whole the other functions isnt the success of the company it is the monitoring the performance and make changes wher e necessary. He needs to make sure the plans are being used and goals are being met within the company, also needs feedback in all areas so that he can make changes, to processes, procedures where needed.Financial StatementsChecking to be sure all the financial literary arguments have been do and balanced is very important. In checking the business files it seems they balanced but not all were completed, this will help to know where the business stands and where changes could be made. There are 4 parts to the financial avowals, income affirmation, balance tacking, cash flows and owners justness. I only noticed 2 of the 4 mentioned in the business files each one of these statements has its own meaning that should be understood even if Mike plans to have someone else handle it, income statement will let him know whether or not the business is profitable, it totals the tax revenue and then subtracts the expenses associated with making that revenue results being the pretax profit and after taxes are paid net income.These statements can be done monthly, yearly, quarterly or year to date, I think for Mike monthly would be good for it will show how some(prenominal) he has sold and what it cost to create the sales each month. The balance sheet is a snapshot of how things are at a particular moment, shows the amount of assets and liabilities at a particular point and time, where his income statement shows the flow of money in and out of the company in a specialised time frame. His cash flow statement could be the most important for it will tell him whether or not he has enough cash to pay the bills. This statement will reflect investments, borrowing, etc. and other balance sheet changes. The key contend is that he will need to keep more cash coming in than going out especially with just starting out. His owners equity will be the portion of the balance sheet which shows what is left over when all liabilities are subtracted from all assets. This is the number he wants to maximize because it can reflect the phonograph record value of his company. Once Mike has reviewed all of these and are updated he will know what changes will need to be made within the coffee shop from umteen points.Problem SolvingProblem firmness of purpose and decision making are very important factors in every managers or persons within their business, even in the umber Shop for Mike. He will have things that happen or a chance(a) basis and even on an hourly basis in which his skills as the owner and manger are in demand. He may at first with many as a answerion to things react once morest it, which can cause a downward spiral. He may look at the past and use the old way to fix a current conundrum and that usually doesnt work. Mike will need to have a plan approach and then execute it.By doing this he will avoid having the comparable problem over and over again and use doesnt continually pass a different problem the akin way as the other. There are a few ap proaches he can take, he can define the problem, look at the potential causes, find different ways to solving the problem, choose which resolving is best, make the action plan and then monitor and verify the base. By doing these things it will help to ensure all is working properly as it should after the solution has been decided. Mike can use these basic steps in his new agency as Owner/Manager of the umber Shop, making this plan to solve a problem and the decision will make for a better team in the Coffee Shop.Reference(s)Management, Bateman and Snell, Chapter 1 and Chapter 4, 2010 http//ezinearticles.com/?Top-Level-of-Management&id=20181389 The Complete Idiots Guide to Starting Your Own Business, Fourth Edition by Edward Paulson http//www.brighthub.com/ mogul/project-management/article/87158.aspx