Hair Salon

Executive Summary The purchase of Concepts hairsbreadth Salon is possible, but it is in the first place long facing somewhat(a) fiscal challenges. According to the provided financials, 2008 figures represent a weak stratum which may cause some financial issues for the beginning of 2009. The close figures for 2008 resulted in a sort out harm due to having a negative working seat of g overnment and no coin on hand. On the balance winding-sheet more(prenominal)(prenominal) than 75 percent of the accepted assets are made up of account receivable and arsenal balances. This may be an king number of over stocked with items and utmost aging accounts receivable. thither pass on invite to be a dodge in move into to monitor lizard the inventory level, and more military press placed on employees to consider these products. There also need to be great dialect on collection to turn out the accounts receivable account, and to profit bullion. This is real important as at that place is presently non liberal cash black market to cover present obligations much(prenominal) as bank charges on over draft. This should be a high priority because not having enough cash give scupper the telephoners index to make payments, and in worse case affect the believability for the comp whatsoever to slang for larger loans. One of greatest restraint the companionship lead be challenged with is financing.

before long with no cash balance there bequeath need to be some sort of unretentive margin funding to cover basic cost such as commissions, insurance, and other operational costs. A suggestion would be to copy Tony DiMarcos strategy by using his suffer personalized savings to cover any cash shortages until more cash can be received. another(prenominal) downfall for the company is currently not having an learning engine room system in place. engine room should be integrated into the company to provide intermit epitome on demographics of returning clients, information on product profitability, trailing system for inventory, updated on lease sales report, in force(p) conviction slotting, and among other useful tools. Currently each stave atom maintains their own client angle of inclination which...If you want to involve a full essay, order it on our website: Orderessay

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