...to the Profit and Loss Statement AB299-02 Associates Capstone in Management January 21, 2013 As we can see, Tim’s Coffee Shoppe is one of the more successful businesses in town; being located near the local university gives Tim a great customer base. Tim’s Coffee Shoppe seems to acquire most of its business from the college students along with the people who work in the area. Once we begin to take a look at Tim’s income statement, greatest expense is the supplies for the coffee shop. Since there are new businesses that are moving in and around town, it is safe to say that Tim’s business will probably pick up. If his business picks up then Tim’s income will increase. But there is a price to pay with the increase in his income; there will be an increase in his expenses. We can see that Tim’s highest expense is his supplies, so this also means he will have to put out more money to increase his supply of supplies. It seems the second highest expense was salaries. Being that Tim will be gaining more business, he’s going to need more manpower to help serve the customers that will be coming in. This means Tim will have to pay more employees and in turn, his salary expense will increase. As expected, taxes, rent, depreciation, leasing, insurance and interest follow. In the year 2008, Tim’s Coffee Shoppe earned $400,527 while his total expenses were $326,016. This leaves Tim with a net income of $74,511. So the question is asked, will Tim’s business grow and increase if other...
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...Statement Eugenio Fernandez Cruzado Kaplan University AB299-37WCBOL Impact to the Profit and Loss Statement Tim’s Coffee Shoppe has been very successful lately with the local businesses around the shop and the large university. Tim seems to get most of his business from college students and people working in the downtown area. In Tim’s income statement, it shows that his highest expense is supplies for the coffee shop. His second highest expense is salaries. Then next are taxes, rent, depreciation, lease, insurance and interest in that following order. Tim’s Coffee Shoppe earned $400,527 in 2008 and his total expense were $326,016, which leaves him with a net income of $74,511. So if there are local businesses moving in around Tim’s Coffee Shoppe, will his business increase and what does this mean for his expenses, income and so forth? Granted, Tim’s business will pick up greatly with new businesses moving into the area. Therefore, Tim will probably earn more income, yet this means more expenses. We learned that Tim’s highest expense is supplies. If Tim gains more business, this means he will need more supplies and in return, spend more money on supplies. The second highest expense was salaries. If Tim gains more business, he may need to hire more employees to keep up with his growing business. This means Tim will have to pay more employees and this means his salaries expense will increase as well. Tim’s business increase means expense increase. However,...
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...Renee Canas AB299-01 Unit 4 December 3, 2012 Factor | | Tim’s Coffee Shoppe | Starbucks | Dunkin Donuts | | | Score | Comments | Score | Comments | Score | Comments | Quality | | 2 | Survey shows an OK product | 2 | Great coffee | 3 | Good coffee | Location | | 4 | Good location near campus and bus route | 3 | On my way to work | 3 | On my way to work | Brand Recognition | | 2 | Competing with chain recognizable locally | 1 | Recognizable all over | 2 | Popular brand very recognizable | Profitability | | 2 | Prices need to be more competitive and offer value | 3 | Pricey, great profits with merchandise and popularity of product | 3 | Affordable good product | Product | | 1 | Ok needs improvement | 2 | Excellent product, good variety | 3 | Good variety and good product | Staff | | 2 | Some complaints about morning staff | 2 | Staff is ok could be friendlier | 3 | Friendly staff | Total | | 13 | | 13 | | 17 | | My comparisons are based on the surveys provided in the simulation. Tim’s seems to be offering a fair product but will need to compete with a chain coffee shop. This means he will have to offer exceptional service and value to his product. He needs to set himself apart from the standard chain store. He can achieve this by ensuring a wide variety of great products. Most importantly the service will make or break any retail establishment. Having great service and satisfied customers will keep them returning. The fact that he has...
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...HR Technology and Leadership AB299 Associates Capstone Ann Pomerleau HR Technology and Leadership The technology that is used in human resource management can help make things easier for not only the HR department but everyone in that organization. But before any new technology is purchased and set into play, it is very important for the organization to do their research on the product. They shouldn’t be purchasing technology just because it is the newest and greatest, they need to make sure they are putting their money into something that will help the company in the long run by making the organization run smoother. They need to make sure it is something that is definitely needed and whether it will help improve the management of their resources. Biometric hand scanner system is a biometric machine that can scan an employee’s hand and that will clock the in and out for their shifts. It verifies the employee’s identity in seconds by taking a 3-D reading of the size and shape of the employee’s hand. This hand scanner will not only save the company money, but it is also cost efficient because it will cut down on fraud and the use of the “buddy system.” It will make it impossible for other employees to clock in their co-worker friends that might be running a little behind that day, or clock them out at the end of their shift if a co-worker friend would like to leave a little early one day. HR can benefit greatly by the hand scanner because it will help them with calculating...
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...AB299: Final Project Section 1 July 16, 2013 Amanda Bender Executive Summary Tim’s Coffee Shoppe is located in Sunnydale, Illinois. Sunnydale is a mid-sized city with a busy business district and a large university and Tim’s is located smack dab in the middle of all the traffic. Tim’s Coffee Shoppe is in need of some much needed improvements and needs things to run more smoothly. Some of Tim’s problems were customer satisfaction, employee loyalty and marketing. The following pages have a detailed review of what Tim needs to become more successful. One of the most important things Tim needs to accomplish is a makeover of his human resource program to address employee training, thus creating better customer service as well as expanding the types of marketing he utilizes. If he follows suggestions he would have the opportunity to obtain his long term goals such as * To double revenue by the end of the current fiscal year. * To receive at least 95 percent positive customer feedback regarding the service we provide. Regulations and Management Summary The attempt is to suggest to Tim’s Coffee Shoppe’s areas of weaknesses where subtle improvement to business strategies which can bring in the much desired and needed revenues and increase customer traffic. It is also an attempt to provide cost effective products through a change in supply and logistics for Tim’s Coffee Shoppe. The market segmentation is also to be altered to expand his customer base....
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...Brazil’s Coffee Bean Business Valafontae Simmons Kaplan University Associates in Capstone in Management AB299-02 Professor: David J. Young December 30, 2014 Introduction Paragraph I. a. What are the economic advantages of dealing with a vendor from this country? b. Does the country have environmental laws that align with those of our country? What are they? c. Will there be a marketing advantage by divulging the source of the coffee beans? Why or why not? d. Will sourcing the beans from the supplier you choose affect Tim’s bottom-line or not? Brazil would be a good coffee bean producing country for Tim’s Coffee Shoppe to look into; being that it is the largest coffee producing country in the world. (Institute., 2001-2006) According to Institute in 2001-2006,“Coffee was introduced in Brazil by Francisco de Mello Palheta in 1727 from Cayenne, French Guiana. Today, Brazil is the world's largest coffee producer and is becoming a significant player in the specialty coffee industry.” Today, Brazil coffee beans are not only used for coffee blending; Now that they are not pre-blended for us we can roast them properly to amplify their diverse characteristics. (Institute., 2001-2006)Afterwards, if desired, we can blend the roasted coffees together to achieve a richer, bolder, and smoother espresso blend. (Institute....
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...Tim’s Coffee Shoppe AB299: Associates Capstone in Management May 14, 2014 I believe that the coffee shop should get their beans from Brazil. Brazil is a coffee giant producing over 40 percent of the world's coffee! Most of this is lower grade Arabica and even lower grade robusta, but there are some special Brazilian coffees out there. The other is that there are some very good Brazilian coffees. A great high quality Brazil is soft, nutty, low acid, with nice bittersweet chocolate tastes. A good Brazil can add a lot to espresso blends, and is great straight. The coffee plant can tolerate low temperatures, but not frost. Milder frosts, called "white frosts", kill the flowers that grow into the harvested cherries, but new flowers are regrown by the tree the next season. White frosts only affect the following year's harvest, but more severe frosts, "black frosts", kill the entire tree and have more long-term consequences. Brazil wants to boost exports of roasted blends, while reducing the sale of green beans and start importing coffee from countries such as Colombia to blend with its own beans, Trade Minister Fernando Pimentel said. The vast majority of coffee farms in Brazil are less than ten hectares in size. According to the Diagnóstico da Cafeicultura em Minas Gerais, 71% of farms are less than 10 hectares, 25% of farms had less than 50 hectares, and only 4% of farms were larger than 50 hectares. Brazil is the world's largest coffee producer and produces around 25% of...
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...Amy Belanger AB299 Unit 4 Assignment 7/23/2014 Factor | | Tim’s Coffee Shoppe | Competitor 1 Dunkin Donuts | Competitor 2 Star Bucks | | | Score | Comments | Score | Comments | Score | Comments | Quality | | 1 | | 3 | | 3 | | Location | | 2 | | 1 | | 3 | | Brand Recognition | | 3 | | 2 | | 3 | | Profitability | | 2 | | 3 | | 2 | | Product | | 1 | | 2 | | 3 | | Staff | | 1 | | 3 | | 2 | | Total | | 10 | | 14 | | 16 | | As you can see Tim’s shop has the lowest score between the two other competitors. Some of the advice I would give Tim is that for the three lower score that are a weakness for the business would be the quality, product, and staff. For the quality of the business to make it better for business I would want to make some upgrades to certain products like the computer for starter. Then the next would be getting a credit card machine. Not everyone carries cash anymore. Plus being so close to the college give him a better advantage to have more college student came in an purchase items knowing that Tim’s excepts credit cards or debits. The product aspect of the business would be the variety of foods he offers. If the menu was larger or offered different products than other in the area he would probably get different kinds of customers as well. Like when he wants to try the quiches out in the store. This would attract an older type of crowd. This would make the product aspect go up in the business. ...
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...Employee's Tasks and Responsibilities Kenneth Wilson Kaplan University AB299: Associates Capstone in Management Prof: Vickie Palzewicz 5/29/12 The question “What is a mangers responsibility?” is a extremely hard question to answer in general. There are so many different responsibilities a manger has to handle. Recruiting employees for the store is the manager’s prime responsibility. He not only has to hire the right candidates for the store but also train and guide them for their overall progression. He also must ensure that all the employees contribute to their level best for the efficient operation of the store. He must act as a strong leader and stand by his team at the hour of any crisis. It is his duty to explain to his team members with any other newly launched store software. It is his responsibility to delegate other responsibilities to his subordinates according to their specializations and bring the best out of them. Tim’s Responsibilities must align with every manager general responsibilities Tim must motivate his team members often. He has to make sure the store is meeting the targets and earning profits. He is responsible for the smooth and effective functioning of the operation. He is responsible for maintaining the overall image of the store as well. He must ensure that his operation meets the expectations of the customers and lives up to its predefined brand image. He must ensure: The store is kept clean, properly stocked and products do not fall off...
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...AB299: Unit 2 Section # 01 10/03/2014 | | | | | |Factor |Tim’s Coffee Shoppe |The Black Dog Cafe |All Saints Cafe | | |Score |Comments |Score |Comments |Score |Comments | |Quality |1 | |4 | |4 | | |Location |2 | |2 | |3 | | |Brand Recognition |3 | |4 | |2 | | |Profitability |2 | |2 | |2 | | |Product |1 | |1 | |2 | | |Staff |1 | |2 | |4 | | Total |10 | |15 | |19 | | | Comments regarding The Black Dog Café: Quality: Products offered are made with materials from independent suppliers rather than large chain stores. When possible, the supplies come...
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