Business Portfolio
SWOT Anaylisis
I chose to review and do a SWOT analysis on Take Five Sports Bar. When I began reading this business plan, I was immediately impressed that the company grosses an excess of two million dollars in its first year of business. That is extremely impressive. If business keeps with the same upward momentum, and they incorporation expansion in their everyday business mode, the sales revenue alone can grow to twenty five million dollars. The company has strong goals outlined in their objective. For example, they plan to grow and have all of the stores opened by the end of the year and have a growth of three to five million in annual sales. Another impressive thing is that they are big on product quality, and want not only great food, but great service as well. They know how to control costs and institute management controls. In addition to the company’s growth, the founder and owner of the company is offering some limited outside ownership in the company on equity, debt, or combination basis. This is a heavy promoted company. They post flyers, advertised in the newspaper by having coupons printed, television ads, and radio ads. One night a week they have a live cast from their establishment with a popular sports talk radio station. The stations have giveaways which also bring in customer. Their performance numbers and locations were also an addition to the plus column.
Unfortunately, everything was not all on the plus side. There were a few weaknesses to this business plan. The company has management gaps, and their personal has grown over one hundred percent. This cannot be good for their profits and or future profits. The company with this business structure or strategy does not put into account that eventually there will be extra costs that will take them out of the business. For example, if there is a chance of another sports bar coming into the area, customers could decline a little bit and then that would reflect on the profits because of the amount of employees