Tag Archives: business venture
The Founder Movie. 2022 Best
This paper focuses on the Founder Movie. After watching the movie “The Founder” that directly correlates to the retail restaurant we all know today as McDonald’s, answer the following questions below.
The Founder Movie.
*After watching the movie “The Founder” that directly correlates to the retail restaurant we all know today as McDonald’s, answer the following questions below. Using your e-book and or your class notes you took during class to develop well thought out answers and opinion. **Below is the link is the written excerpt you may use in addition to re-watching the movie on Netflix & Amazon Prime; where available. https://www.imdb.com/title/tt4276820/plotsummary 1) Why did Richard (Dick) & Maurice (Mac), move from New Hampshire to the West Coast? 2) What was the brothers first business venture? Was it successful or did it fail?
The Founder Movie.
How did it succeed or fail? 3) The brother simplified their menu after they opened-up the first McDonalds because 87% of their profits derived from three major items? What were those items and what was their system called which revolutionized the retail food industry as we know it? 4) How and why did Ray Kroc get involved with the brothers? 5) What was the main focus of the brothers San Bernardino McDonalds? Why were they against further expansion?
6) The brothers has their attorney’s present during contract negotiations with Mr. Kroc, specifying he is not an owner, only a general manager and all changes must go thru the brothers. What did the attorney’s miss during negotiations?
The Founder Movie.
What should have they have done to better secure control over their business? 7) How was it that Mr. Kroc was opening up multiply McDonald’s franchises generating significant revenue, but not making a profit? (hint: look up the term “margins” to help you justify your answer) 8) How did Ray Kroc meet Mr. Harry Sonnenberg? What did they discuss & collaborate (what legal business structure did they come up with) in order to make McDonald’s more profitable for? 9) Was Mr. Kroc being defiant and non-abiding of his contract with the brothers by starting his own business, even though it was a separate entity?
Or was he just a smarter business person with a bigger vision? 10) Do you agree with the way Mr. Kroc conducted his business?
The Founder Movie.
Did he understand “big-time” business as compared to the brothers “small-time” business success? Is there a difference between the two? 11) Why didn’t the brothers share the same vision as Mr. Kroc? Or did they and were overly concerned about quality and control over franchisees? 12) What are your thoughts on contracts? Are they always 100% full-proof? What are your thoughts on hand shake agreements, especially today when there are camera’s cell phones everywhere to prove similar instances? 13) Even though the brothers were bought out by Ray Kroc’s company, they still received over $1.3 million dollars after taxes during the 1960’s. https://youtu.be/lB-PRuHxbOs
The Founder Movie.
14) What are your thoughts on perpetuity royalties? Singers, actors, and other business ventures receive these monthly cash payments for original ideas? For example, Amazon bought the company RING recently for cash, stock, and royalties. Good idea or is a final sale at a higher price better when selling a business? 15) Ray Kroc stated “persistence is better than skills or talent”? Is that true? How and why? 16) Why are both McDonalds and Sears are considered “real estate” companies? Why is McDonalds surviving and Sear is now in Chapter 11 bankruptcy? (its not because of the food vs. retail industry)
The Founder Movie.
17) Small businesses always look at “margins” while larger companies look at “subscriptions”. Is one more important than the other? Or does it depend on the business? Find an example of each. 18) Why is it so expensive and time consuming to file for intellectual property and patents? Is it worth the money upfront not knowing if a business will succeed? 19) Most successful entrepreneurs “piggyback” off other people’s ideas and make it their own. Is that a good business practice or to risky in today’s legal environment?
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Measures of success – 2022 best
One of the measures of success for any business is profitability. Managers and business owners must be able to assess the profitability of a company using information about its financial transactions.. This is done through accounting.
Measures of success
ACC 201 Final Project II Guidelines and Rubric Overview: Firstly, one of the measures of success for any business is profitability. Secondly, managers and business owners must be able to assess the profitability of a company using information about its financial transactions: This is done through accounting. Thirdly, by working through the accounting cycle, you will understand how to organize transactions in a way that communicates the financial position of a company. Fourthly, this information is critical for external stakeholders who may be interested in working for or investing in the business. This process also helps you understand the level of attention to detail tfor a successful business venture.
Measures of success
The final project for this course consists of two major parts: an accounting workbook (Final Project I) and a professional relevance essay (Final Project II). In the second part of the final project, you will create a well-crafted essay in which you draw connections between your accounting exercises and their practical applications for furthering your own professional practice. So, in this assignment, you will demonstrate your mastery of the following course outcomes.. Record financial data and adjusting entries in the preparation of a business’s financial statements.
Measures of success
Prompt In a professional relevance essay, draw connections between the accounting principles that you demonstrated in Final Project I and their specific, practical applications within your own professional practice. Specifically, you must address the critical elements listed below. Most of the critical elements align with a particular course outcome (shown in brackets). I. Introduction: Briefly describe your current or aspiring professional identity, including the field in which you work or hope to work. To what extent does (or will) financial accounting play a role in your day-to-day professional life? [ACC-201-01] https://youtu.be/h9qDw1RyFqM
Measures of success
II. Draw Connections A. In the first part of your final project, you recorded various transactions in the life of a business. So, consider your current or future professional life: What sort of transactions would you encounter in your field? Describe at least three using specific details. [ACC-201-01] B. Analyze the relationship between those transactions and the success of your current or future business.
