UNDERSTANDING BUSINESS
UNDERSTANDING BUSINESS
12th Edition
ISBN: 9781264161881
Author: Nickels
Publisher: MCG
bartleby

Concept explainers

Question
Book Icon
Chapter 6, Problem 3VC
Summary Introduction

Case summary:

In the provided case, Person D noticed the problems women faced in traditional gyms as those were intimidated and not even sure that how to use some of the equipments. Therefore, Person D started his own gym offering his clients the support of a concerned coach and innovative workout. The number of clients grew so did the number of employees and management challenges. The mistake was not taking the business seriously and not getting finances in order.

Characters in the case:

The character that in the case are Person D and JCF Health and Fitness.

Adequate information:

Person D as a fitness enthusiast converted his passion into a business idea and decided to train people opening JCF Health and Fitness and offered support and innovative workouts to the people.

To determine: The importance of finance and book-keeping while planning a start-up and the problems arise in case entrepreneurs don’t keep track of money flowing in and out of the business.

Blurred answer
Students have asked these similar questions
Not use ai please
I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain
An amount of $800.00 earns $500.00 interest in three years, three months. What is the effective annual rate if interest compounds monthly? The effective annual rate of interest as a percent is ____%.
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub