StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Entrepreneurship and Small Business - Case Study Example

Cite this document
Summary
The paper 'Entrepreneurship and Small Business ' is a great example of a Management Case Study. The Eaton is a new hotel in Australia’s Sidney City. The hotel targets the uptown market located in the CBD areas of Sydney. The hotel offers various types of dishes and cuisines including local and foreign cuisines. Beverages of all kinds including wine will be available at Eaton hotel…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful

Extract of sample "Entrepreneurship and Small Business"

Download file to see previous pages

The paper 'Entrepreneurship and Small Business ' is a great example of a Management Case Study. The Eaton is a new hotel in Australia’s Sidney City. The hotel targets the uptown market located in the CBD areas of Sydney. The hotel offers various types of dishes and cuisines including local and foreign cuisines. Other than that, beverages of all kinds including wine will be available at Eaton hotel. The Eaton Hotel will comprise of a bar, a floor with 30 tables, a conference room, and several smaller rooms, a dancing floor, 15 guest rooms, parking space, and a cooking area. The idea of the Eaton Hotel is to offer high-quality food and beverages to customers. The hotel will offer Japanese and Chinese cuisines in addition to local cuisines.

Eaton Hotels will offer its dishes, beverages, and services at competitive prices. This will be a plan of giving customers high-quality products and services at competitive prices to realize value for their money. There will be discounts on special days and products, especially for loyal customers. The Hotel will also ensure that its customers get ample parking space while they enjoy their meals and drinks.

The employees at the Eaton Hotel will exhibit high standards of customer service and hospitality towards the customers. This will entail attending to every detail of customers’ needs. The ambiance of the hotel will take a luxurious approach where customers will feel at home away from home. To achieve this, the hotel will fix big screens in all its rooms and high-quality speakers for entertainment. There will be free Wi-Fi for loyal customers as well. The seat seats will be comfortable and the interior design professionally accomplished to ensure the ambiance soothes the customer. The hotel will also offer online sales where it will deliver various dishes and beverages to customers within the CBD of Sidney.

The Eaton financing will come partly from its team of founders and from bank loans. The financing will go to buying the hotel’s premises, staffing, training its staff, laying out its equipment, furniture, and facilities, advertising, operations, insurance, registration, and licensing. The purchasing of the premises will need approximately 187,500 Australian dollars. The hotel will work optimally with about 19 employees. Staffing and training will require approximately 300,000 Australian dollars annually on account of hiring, salaries, and training. However, startup investment in staffing will be 30,000 Australian dollars. Insurance, registration, and licensing will incur the hotel about 90,000 Australian dollars annually. This will also cover staff medical covers. Equipment and other facilities will cost the business 100,000 Australian dollars. Operation cost and advertising will cost the business another 100,000 Australian dollars for 5 years (20,000 Australian dollars per year). Miscellaneous costs will have a budget for an additional 20,000 Australian dollars annually. 51% the startup finances will come directly from the business owners and the rest from bank loans. The startup finances come to about 447,500 Australian dollars. This includes the purchasing of the premises expenses, equipment, and facilities’ cost annual expenses including registration, licensing, staffing, advertising, and miscellaneous expenses. The annual expenses less fixed costs come up to 430,000 Australian dollars. Fixed expenses account for 287,500 Australian dollars (purchase of premises, equipment, and facilities’ expenses). The company will be ordering for the stock after every 2 weeks and paying for the stock after-sales.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Entrepreneurship and Small Business Case Study Example | Topics and Well Written Essays - 6500 words, n.d.)
Entrepreneurship and Small Business Case Study Example | Topics and Well Written Essays - 6500 words. https://studentshare.org/management/2081664-entrepreneurship-and-small-business-case-studies-quotbusiness-planquot
(Entrepreneurship and Small Business Case Study Example | Topics and Well Written Essays - 6500 Words)
Entrepreneurship and Small Business Case Study Example | Topics and Well Written Essays - 6500 Words. https://studentshare.org/management/2081664-entrepreneurship-and-small-business-case-studies-quotbusiness-planquot.
“Entrepreneurship and Small Business Case Study Example | Topics and Well Written Essays - 6500 Words”. https://studentshare.org/management/2081664-entrepreneurship-and-small-business-case-studies-quotbusiness-planquot.
  • Cited: 0 times

CHECK THESE SAMPLES OF Entrepreneurship and Small Business

Small Business Management

… The paper "small business Management" is a perfect example of management coursework.... The paper "small business Management" is a perfect example of management coursework.... The definition of a small business is a challenge, but according to the United Nations Industrial Development Organisation (UNIDO), a small business is one in which it employs between 1-49 people.... Studies conducted by international organizations on small business owners reveal a lot as is concerned with inheritance and family ties....
6 Pages (1500 words) Coursework

Entrepreneurship and Small Business Opportunities in the UAE

… The paper 'Entrepreneurship and Small Business Opportunities in the UAE" is a good example of a management case study.... The paper 'Entrepreneurship and Small Business Opportunities in the UAE" is a good example of a management case study.... business in its major cities like Dubai and Abu Dhabi has been booming over the last few years.... The country is ranked as one of the best business hubs and most conducive to live in the Middle East and in the world as well....
7 Pages (1750 words) Case Study

Business Solutions for Todays Travelers

… The paper "business Solutions for Today's Travelers" is a wonderful example of a report on business.... This report looks to evaluate the entrepreneurial business plan titled “business Solutions for Today's Travelers” based on the different needs of the entrepreneurial business plan.... The paper "business Solutions for Today's Travelers" is a wonderful example of a report on business....
11 Pages (2750 words)

The Potential of a New Business Idea

… The paper 'The Potential of a New business Idea' a wonderful example of a business Case Study.... This one person identifies a business opportunity in the market and ceases it.... He or she develops the idea of a working business.... The paper 'The Potential of a New business Idea' a wonderful example of a business Case Study.... This one person identifies a business opportunity in the market and ceases it....
6 Pages (1500 words) Case Study

Ease Travel Company Business Strategies

… The paper "Ease Travel Company business Strategies" is an outstanding example of a business plan.... The paper "Ease Travel Company business Strategies" is an outstanding example of a business plan.... The vision of Ease Travel Company is to guarantee effective and effective transport services during the peak hours in Abu Dhabi....
12 Pages (3000 words)

The Concept of Hospitality Operations and Revenue Management in Small Businesses

El sweetie resultant is a family-owned small business that has been running since 2009.... El sweetie resultant is a family-owned small business that has been running since 2009.... El sweetie as a small business has adopted various approaches in its operations that indicated how the business was managing its revenue and operations.... Entrepreneurship, small business management, and family business management are also other key areas that were effectively implemented by El Sweetie....
11 Pages (2750 words)
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us