Small Business Owner Jeff Birdsell opened Shauncey's Gourmet Ice Cream, Inc., in Battlefield Shopping Center in Springfield, Missouri. Like any small business owner, Jeff Birdsell realized that starting this venture would entail a tremendous commitment of time and energy. He had expected to work 60-80 hour weeks indefinitely, and finds he works at least that. He estimates that he and his parents frequently tally up to 250 hours per week in the organization. Employee turnover at Shauncey's runs at 100 percent per year. What creative and innovative hiring and retention recommendations would you give Jeff as he manages both his family and part-time workers (especially with 100 percent employee turnover).
Answer to relevant QuestionsWhy is the presence of small businesses important for large businesses? What is the major challenge facing women and minority owned firms? How can this be solved? 1. What were the differences in the sources of employees for VividSky as it developed? 2. What are the benefits and problems of using equity to compensate employees? What about using pay? 3. Could Tim have managed the third ...Identify and compare three critical success factors for small businesses. One of the most common ways to evaluate firm success is by profitability. Use a financial database such as the Risk Management Association’s Annual Statement Studies to find out target profitability levels for your ...
Post your question