Financial Planning Model for Establishing a New Business a Case Study on “Blue Ocean” Restaurant

Salamin, Petrus Pius; Hermawan, Francisca

doi:10.18196/mb.10182

Cited by 2 publications

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“…It takes time to establish a new business, however, as the company needs to gain public approval, find suitable premises, arrange financing, and recruit employees (Miller, 2006). We find that this takes two years, in line with the research by Salamin and Hermawan (2019), who suggest that it takes around two years to plan for opening a new restaurant.…”

Section: Research Question 1: Long-run Equilibrium Of Industry Popula...supporting

confidence: 89%

The Long-Run Equilibrium of Industry Population and Bottom Lines: Analysing the Near-Perfect Restaurant Industry

2022

JABE

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The establishment and bankruptcy of businesses is a crucial aspect of the market economy. The market in which restaurants compete is characterized by few barriers to entry, strong competition, low marginal rates of profit, and high levels of bankruptcy. Using publicly available panel data of all Norwegian restaurants, we examine the determinants of market levels of entry and exit. In theory, the driving force in the space of market turnover is the marginal rate of profit in the industry. There is a strong link between the profit rates in the sector and number of firms leaving and entry the marked.

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Section: Research Question 1: Long-run Equilibrium Of Industry Popula...supporting

confidence: 89%

The Long-Run Equilibrium of Industry Population and Bottom Lines: Analysing the Near-Perfect Restaurant Industry

2022

JABE

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Evaluating the Influence of Financial Planning Approaches on Project Outcomes – Northern Diocese

Maleko,

Mayala,

Komba

2024

IJEF

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Financial planning encompasses a variety of practices aimed at helping individuals and businesses effectively manage their resources to achieve their goals. This study sought to determine how financial planning techniques affected the Evangelical Lutheran Church in Tanzania, Northern Diocese (ELCT ND) Projects financial performance. The Printing Press, Umoja Hostel, and Uhuru Hotel were these endeavors. Data were collected using qualitative and quantitative methods in a concurrent research design. The studys population consisted of 85 employees directly involved in the projects. As a result, the survey included 31, 27, and 27 respondents for each of the three projects. Because the population was small, a census technique was used in the study to choose all 85 respondents from all the projects. Data were collected using a self administered semi structured questionnaire and a guide for key informant interviews. Test retest reliability was employed to check for reliability, while face to face and content validity was utilized to confirm validity. Frequencies and other descriptive statistics were used to present the data results. Correlation and regression analyses were conducted to determine how financial planning practices affected the projects performance. The studys conclusions indicate that working capital management, inventory management, budgeting, and cash planning strategies all significantly and favorably impact ELCT NDs financial performance. It is concluded that financial planning practices improve project performance. It is recommended that projects keep their liquidity to make sure they can pay their short term debts.

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Financial Planning Model for Establishing a New Business a Case Study on “Blue Ocean” Restaurant

Cited by 2 publications

References 0 publications

The Long-Run Equilibrium of Industry Population and Bottom Lines: Analysing the Near-Perfect Restaurant Industry

The Long-Run Equilibrium of Industry Population and Bottom Lines: Analysing the Near-Perfect Restaurant Industry

Evaluating the Influence of Financial Planning Approaches on Project Outcomes – Northern Diocese

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