Professional Documents
Culture Documents
Introduction
David Williams and Carol Williams, a couple, shared a common hobby with every other
Cooking best evidently grown natural foods. They Decided to convert this mutual interest
into a component-time business while their menu got famous and cherished by the guests at
their wedding ceremony.
Type of organization
Marvelous meal, a small restaurant opened as a part time with taking out food facility and a
seating for 16 peoples.
Capital
The business started out with capital investment of just 3500$.
They were only able to afford second-hand equipment and with occasional part-time help.
Expansion
After 6 months of starting the business, they opened the restaurant for full time
Earlier they were doing their business limited to college campuses only but now this
expanded their take-out services
They both used to work in different department areas of the restaurant.
Increased worker size and distribution regions i.e. across distinct countries
They are now having more than 8 products as compared to 3 within 6 years.
Within
Posted sales revenues of $1.6 million and earned before-tax profits of 17 percent on sales.
Problems Identification
Lack of capital
Both Williams was having a passion and skills for this food business but they were
lacking behind in terms of a proper structure that needs to be followed along with the
expansion knowledge.
Marketing techniques that they were using.
Suggestions
They have to observe the market and get greater expertise before beginning the business,
i.e., market research.
Now they are expanding they can now distribute their product with the aid of including
taste consistent with the market/location/country they had been selling that can make their
product identity in the market.
Focusing more on the supply chain of the business.