Hello, I need help with an assignemnt. It is based on tie concepts of International Financial Managment to my Moms small buisness.

Problems faced in the buisness. Organization over books because I dont always check my schedule before accepting them. This leads to stress, to juggle work and personal life without burning out.

Second, revenue management is a struggle. She knows she makes a profit, but without keeping track of finances, it's hard to know exactly how much. Finally, marketing is minimal. Currently, the only promotion is through my brother's Facebook page, with updates maybe twice a month.

To tackle these challenges, I've proposed some straightforward solutions. For organization, a tool like Google Calendar is a game$-$changer. It's a digital planner where she can schedule events, set reminders, and even share her schedule with others. Imagine having all the orders and deadlines right at her fingertips! This promotes efficient scheduling, reduces stress, and lets her maintain a healthy work$-$life balance

Next, for better revenue management, we're looking to establish accurate bookkeeping practices. It's about tracking the basics $$ where the money comes from and where it goes. This way, we can understand our financial health, identify areas where we might be spending too much, and make informed decisions about resource allocation. Ultimately, it's about achieving long$-$term business sustainability.e

Finally, let's talk about marketing! Setting up profiles on Facebook, Instagram, and even maybe TikTok can be a great way to reach new customers. Of course, it takes time to build a following. By posting regularly, like $5$ times a week, we can create an active online presence that showcases her amazing cakes and attracts new clients. This can also streamline the ordering process and reduce confusion about available options.

We want to see improvements within the next $4$ months, here's how:

$***$Month $1$:$**$ Focus on mastering Google Calendar. We want to ensure even work distribution throughout the week and avoid overbooking.

$***$Month $2$:$**$ Implement a bookkeeping system. Track recipes, purchases, bookings, and payments $$ let's understand our monthly profit!

$***$Month $3$:$**$ Build a social media presence. Aim for a combined following of $500+$ with daily posts and stories showcasing Mom's talents.

$***$Month $4$:$**$ Social media sales! Let's get at least $10$ orders through these platforms. We can offer exclusive discounts to incentivize customers. This also helps track orders and encourage future use of social media for communication.

This is how I tied back to class:

business is expanding, and we are considering in leasing a larger commercial space to meet the growing demand. Let's delve into her decision$-$making process.

We have two options Space A with a monthly lease payment of $$2,100$ and a fixed annual increase of $2\%,$ and Space B with a monthly lease payment of $$2,220$ but no annual increases.

To make an informed decision, we consider the concept of real lease costs, factoring in the inflation rate, which remains steady at $3\%$ per year over a period of $5$ years

Calculating the real lease costs over a five$-$year period, Space A$\text{'}$s cost comes to approximately $$1,923$ per month, while Space B remains at about $$1,884$ per month due to no annual increases.

Armed with this understanding, we decide to lease Space B$,$ as it offers a lower real lease cost over the long term, allowing us to allocate resources more efficiently.

How can I impove.