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Salmon River Inn - Papers Online

Salmon River Inn

An analysis of the Salmon River Inn begins with the industry, and then the owners themselves. This inn is a start-up, meaning that rather than taking over a functioning business, Eileen and Fred will need to incur the costs associated with converting a convent and starting the business from scratch. Needless to say, starting such a business requires not 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 ...

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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 initial costs will outweigh any profits assuming the owners do not have large initial capital to work with.
Considering the high amount of time and resources needed to get an inn up and functioning, it is worth looking into the current owner’s positions to see how their lives can accommodate to such a task of running an inn. The Salmon River Inn has only two 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 restricting the amount of money put to use in starting the company. What is of concern is that both Fred and Eileen have jobs outside of the inn, which limits the amount of time they can spend on their new project. Fred is a mechanical engineer with a consulting practice and Eileen is a part ...

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Salmon River Inn. (2012, February 3). Retrieved November 5, 2024, from http://www.essayworld.com/essays/Salmon-River-Inn/100244

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PAPER DETAILS

Added: 2/3/2012 12:15:37 PM
Submitted By: bballp07
Category: Business
Type: Premium Paper
Words: 456
Pages: 2

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