Entrepreneurial Research Paper

1843 Words Apr 22nd, 2012 8 Pages
ENTREPRENEURIAL RESEARCH PAPER: Page 1

Devry University, SBE 310
Kim Thayer
Bruce Huang
June 19, 2011

ENTREPRENEURIAL RESEARCH PAPER: Page 2

TABLE OF CONTENT:

Failure Introduction: ………………………………………… Page 3 and 4

Reason for Failure: …………………………………………… Page 5 and 6

Analysis: ………………………………………………………….. Page 7 and 8

Conclusion: ………………………………………………………. Page 9

References: ……………………………………………………….. Page 10

ENTREPRENEURIAL RESEARCH PAPER: Page 3
Failure Introduction: The business I am writing about is been in the news recently due to a few closures of some of their restaurants. Perkins &
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(Press Release, 2011) According to this agreement, Perkins will be closing a few stores in order to obtain the stability they need to keep the rest of their restaurants working in the future. With the company taking this step to ensure the safe keeping and success for their company, Perkins will remain open to pay their debtors off and to increase their company’s holdings for future business endeavors. If the economy continues on a downward spiral, the company will continue to work with their financial factors and continue too do all they can to secure their financial stability and to continue to stay open in the future for the services they provide to the public and also to ensure that all their financial security will be intact for future endeavors to improve their financial holdings so all their debtors can be paid on a timely basis and also so they can continue to serve the public the way they have for all these years. ENTREPRENEURIAL RESEARCH PAPER: Page 7
Analysis:
There is really nothing that could be done in this case, because Perkins could not predict that the economy was going to be bad, and if they could have been successful in predicting this, there is no guarantee they would not have done the same things over again. The only suggestion on how to prevent this is to run a business forecast for the company and compare the outcome to the present state of the company

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