Paul Olsen Essay

597 words - 3 pages

Write-Up Assignment – Paul Olsen (A)
What do we learn from our discussion of the case?
There were multiple things that we have learned from our discussion of the case. First of all, there were a variety of things that Paul Olsen should consider before he proceeded. As we realized later in class that Paul Olsen was successful with raising the $250,000 and opened a piano bar and restaurant in Station Square on schedule and with sales and profits exceeding Paul's projections. We learned that Paul took risk at opening this business. Back in the day, people probably didn't have as much money to go to a bar in Station Square. Also, we learned that they weren't as experienced in the bar or restaurant business but, they still choose to move forward with the bar. Couple other points that we learned from the discussion is that this case ...view middle of the document...

As an entrepreneur, this is important to make sure your legal form of the organization is correct. This decision is driven by the objectives of the entrepreneur and the firm’s investors. A limited partnership is a partnership which has both limited and general partners. We learned that Rose was going to be the general partner who was going to assume the management responsibility and unlimited liability for the business. It does seem that Paul did choose the correct legal form.
Also, Paul decision to go ahead and choose this location despite the construction was fairly good. His timing that he chose was good because if he selected his another later time, he might not have been able to get into this area due to higher prices. If he had wanted for this location to become more popular, it will probably been out of reach. For example, if someone was trying to open a restaurant in Fisherman Warf, it would be extremely expensive. There are other risks that needed to be assessed. We learned that location is very important for an entrepreneur. Another item to consider is that there is risk-return tradeoff in this case. Paul should have considered the true cost of using student loan as primary investment vehicle for the restaurant. Paul had decided to invest all of his money up front even though he had student loans. I think it would have been wise for him to think about how he would be able repay that back. Managing risks to his personal investment of $12,500 would be a good start.
What do you think happened to Paul Olsen?
As we learned that Paul got a call from Mafia and he needed to make a decision about what to do with his business. If I had to make a decision for Paul, I would hire my own protection. I think that Paul should continue pursuing the business since it was so successful. This will help protect him from the Mafia threats. I feel that he should stay in the business to see how successful he can be in the restaurant business.
Which city was this?
Las Vegas, NV

Other Papers Like Paul Olsen

Finance Essay

665 words - 3 pages Financial statements are the most common tool used for making business decisions. They consist of the balance sheet, income statement and statement of cash flows. The analysis tools used affect all aspects of a company not just a few. A systematic review of the resources a company used to achieve its mission is cost control. Cash flow should be kept at necessary levels for operations is one of the major benefits of cost control. It is a very

Analysis Of Operation Blue Star And Its Effects On The Gandhi Dynasty

934 words - 4 pages The period of time including and following Operation Blue star is considered a dark time in India and black spot in Indian history. It is a time Indian would rather forget, yet still to this day debate about. Was Indihar Gandhi correct in instating operation Blue Star, inflicting damage to the Golden temple, and being responsible for the killing of anywhere from 492 (official reports) to 1500 (estimates run as high as) civilians, which lead to an

Regretful Decisions

930 words - 4 pages Regretful Decisions There are many individuals in a child’s life that helps mold them into a well-rounded adult. In most cases, this guidance comes from the child’s parents or other older, but in Sonny’s case, this guidance was expected from his older brother. In the short narrative, Sonny’s Blues, Sonny’s life was adversely affected by the decisions that his older brother made. The decisions that his brother made include leaving Sonny to stay

Jail Responsibilities

589 words - 3 pages Jail Responsibilities Monique Priorello September 23, 2012 One of the main responsibilities of a jail is to give the officers the correct “Police Correspondence” courses. This is because these courses give the officers the effective basic training that they need to do things such as; Writing of Memoranda, Police Reports, and Civilian Letters. What needs to be done first is make sure that there are NO errors. This means in

Mgt330

638 words - 3 pages Starbucks Nefertiti Wright Sangita Patel October 15, 2012 STARBUCKS 2 STARBUCKS - 1 - [no notes on this page]I. Job description a. Baristas II. Job specifications a. Duties III. Form of departmentalization STARBUCKS 3 Starbucks Starbucks have been named in the 100 best companies to work for. Starbucks has many job opportunities for people, which require the right job specifications. The employees create uplifting experience

Fight Club

917 words - 4 pages Fight Club is a story of the narrator’s struggle to gain control over his life. He is in search for an identity in the form of manhood. His masculinity is so repressed because of the absence of a father figure in his life. Because of this he creates Tyler, his alternate personality. Tyler is nothing like anyone the narrator has met, he is self assured and completely free. The narrators alternate personality Tyler Durden is the ultimate alpha-male

The Powers Of The Health And Safety Representative

254 words - 2 pages The Powers of the Health and Safety Representative A health and safety representative has the power to: Identify Workplace Hazards The health and safety representative has the power to identify workplace hazards. This power is usually exercised by conducting workplace inspections. Obtain Information from the Employer The health and safety representative is entitled to the same information available to a joint committee member. Under the Act

Lesson Plan

6476 words - 26 pages QWERTYUIOP by Vivien Alcock Table of Contents Introduction About Short Stories The Writer Synopsis Elements Activities Beyond The Text Assessment Answer Key Glossary Panel of Writers [pic] SHORT STORY Welcome to the World of Literature and to Short Stories! We hope you will enjoy working with this guidebook, which has been specially designed to help you prepare your students enjoy the Literature

Management

1227 words - 5 pages Coca-Cola Global Business and Marketing Strategy Introduction As domestic markets mature, it is becoming more and more fashionable for organisations to seek growth through opportunities in foreign countries. Faster communication, new technologies and improved transport links are making international markets more accessible and businesses pursuing a global position can experience an upsurge in brand awareness and cost effectiveness. Global

Facing Poverty With A Rich Girl's Habit

783 words - 4 pages Facing poverty with a rich girl’s habit Adele Strader Professor Chryst English Composition October 22, 2012 Facing poverty with a rich girl’s habit was written by Suki Kim and published in the New York Times on November 21, 2004. The most important point that Suki want to make was that (1) what we have in life can be taken away in an instant (2) do not go bankrupt in South Korea (3) that a person must adapt and endure

3-4-50 Paper

572 words - 3 pages -4-50 paperLack of exercise is a key contributor to disease and death among many people in the United States, regardless of age. It is a well-known fact that exercise results in a healthier lifestyle. Along with tobacco use and poor nutrition, lack of exercise is one of the main issues that people have which leads to high blood pressure, obesity, and other serious health problems. According to a study by UCSD School of Medicine and SDSU

Related Essays

Paul Olsen Case Essay

667 words - 3 pages The Paul Olsen case describes the situation for a decision that Paul Olsen needs to make. Paul and Robert Rose devised a plan to open a piano bar in a new urban mall development in Pittsburg, PA. If successful, Paul and Robert would add a restaurant and café at the same location to grow their business. With three and a half months before opening, Paul did not have enough investors to fund the startup costs, so he needs to decide whether to

Arranged Marriages Essay

802 words - 4 pages seeks the love of one particular woman only to then completely destroy their relationship over a suspicion of infidelity speaks to the irrationality of a bitter man whose character is a reflection of absolute unhappiness ultimately leads to the destruction of her marriage with her husband. Relationships are the most important things in life. “Olsen sank lower and lower in the social scale she learned the lesson of karma and she thought more

Business Strategy Essay

2684 words - 11 pages . REFERENCES Olsen, Erica (2011). Strategic Planning for Dummies. Wiley Publishing Inc. Drejer, Anders (2002). Strategic Management and Core competencies: Theory and Application. Greenwood Publishing Group. Thomson, Neil (2010). Basic Strategy In Context: European text and cases. Cadle, Paul & Yeates (2010). Business Analysis. British Informatics Society. Greeberg, (2007). Environmental Policy analysis and Practice. Rutgers University

Lafarge S.A Essay

2924 words - 12 pages NAME: IHEKANANDU KINGSLEY N. COURSE: MGMT 292 / F12 N01 TITLE: INDIVIDUAL CASE STUDY (LAFARGE S.A.) SUBMITTED: October 5, 2012 TABLE OF CONTENTS 2. INTRODUCTION 3 3. DESCRIPTION OF CASE 4 4. VALUES 4 4.1. Types of values 4 5. TEAMWORK 7 6. MOTIVATION 8 7. CREATIVITY 9 7.1. Components of creativity 9 8. CONCLUSION 12 9. BIBLIOGRAPHY 13 INTRODUCTION This report aims to provide an in-depth analysis of initiatives pursued by Lafarge as