An analysis of the Salmon River Inn begins with the industry, and then the proprietors themselves. This hostel is a start-up, meaning that rather than winning over a track downing pedigree, Eileen and Fred depart need to go the costs associated with converting a convent and offset the business from scratch. Needless to say, starting such a business requires non only a heavy amount of resources, but also a significant amount of time invested.
Without explaining the intricate details of how an inn functions, there are still some basic considerations that put this Salmon River business in question from the start. Running an inn is not as simple as it may seem. Eileen came into this situation face to merely supplement her income, and felt that an inn would be manageable. What an inn requires is more than just a building with rooms, as inns function with daily tasks including cleaning furnished rooms, providing food, laundry, and a large anatomy of other services for the guests on a continuous basis. Considering the workload associated with a functioning inn, those who own such a business need to find a way to invest a large amount of their time to keep such a place successful; many current owners of inns consider it a full time job.
It is also reasonable to assume that with a start up inn, the first few years will result in negative cash flows, as sign costs will outweigh any profits assuming the owners do not have large initial big(p) to work with.
Considering the high amount of time and resources needed to hold back an inn up and functioning, it is worth looking into the current owners positions to see how their lives can accommodate to such a task of running an inn. The Salmon River Inn has only cardinal owners in Fred and Eileen. What this means for the company is that only two sources of initial investment were pooled together (not yet considering the grant program), severely confining the amount of money put to use in starting the...If you want to get a full essay, order it on our website: Orderessay
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