Case: Clovis Jewellers
For this assignment you should presume that you have been hired as a business consultant.
You are to prepare an analysis of the business in its current state AND provide a number of important recommendations on how they should move forward in the future.
As a business consultant you are required to critically evaluate ALL the areas of the business and make a number of key, directional recommendations on the future growth and profitability of the business.
This is an individual assignment.
Your report must use 11/2 line spacing with 12-point fonts and must be 5 - 7 pages in length.
You will be required to hand in an electronic version of your report on D2L on or prior to the due date. The electronic version must be in Word or Adobe format and must be submitted.
Questions
1. What aspects of Robert and Teresa Norman's backgrounds will contribute to their success with the picture-framing store?
2. What positive things have Robert and Teresa done in investigating the feasibility of the new store and what additional information might they have collected? From what sources could this information be obtained?
3. From the information provided, evaluate the business plan they have prepared for their new business.
4. Weigh the relevant pros and cons for the Normans of operating a U-Frame-It franchise instead of starting their business from scratch.
5. Evaluate the Normans' initial approach to obtaining financing for The Framemakers.
6. Assuming you are the banker, evaluate the financial requirements and projections Robert and Teresa prepared.