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Need business report on the Biz Cafe Project as per the instructions listed below.

Instructions Biz Cafe presents the opportunity foryou to dynamically learn about the various elements of a business operation by running your own small, collegetown coffee shop. Working in small teams, as you move through the simulation, you will encounter the real world problems of managing personnel; marketing your product, and man aging cash. You will learn key business terminology and develop an understanding of how to interpret business information. Biz Cafe was chosen as a simulation for this course to give students a chance to learn the often complex business elements associated with mnning a small business and the demand on scarce resources such as capital and labour. This simulation will be threaded throughout the course and will have some requirements each week as outlined below. Your group will be required to make core business decisions each week, and then reect on those decisions impact their cafe's performance for the week. Groups of 2-4 students receive $25,000 from a local entrepren eurto sta rt-up a coffee shop near a university in a good downtown location. They must hire servers, decide on a marketing plan, and purchase materials and equipment to make their shop a success. Challenges include keeping customers and employees happy, ordering the right amount of coffee and cups to meet demand, and attracting customers to their shop. Students learn the difference between cash-based and aocrual accounting and must manage their cash ow and payroll accordingly. Some of the decisions that you will be required to make include: . Management = whom should I hire? What rate should I pay them? Marketing = What price should I charge for my products? How do people learn about my business? Operations = Whatfhow much inventory should I purchase? What equipment do I need? Accounting = How do I keep track of money? The ultimate goal of course is to make decisions that maximize the long-term growth and profitability of your cafe. Biz Cafe teaches how success in running a business is based on managing many dimensions with competition for scarce resources and decisions that impact outcomes such as profitability, morale, service levels, reputation, etc. In Unit 11, your team will be required to compile a summary report outlining the lessons learned from your decision sets. You will present a comparative analysis of how you would approach the decisions given what you understand about business by the end of the course. Please Note: There is a Discussion Forum entitled "Biz Cafe Group Discus sions'. You and your assigned team will be able to have private conversation regarding your Biz Cafe simulation within this forum. Your discussion is only visible to your professor and group members