Your Restaurant Business Discussion
Part 1: Opening Your Own Business
You are considering starting your own restaurant. What are thetypes of business organizations can you choose from? Which onewould you choose, and what benefits and disadvantages would thatform offer you?
Part 2: Accounting for Your Own Business
Throughout the course, you will be working on your ownfictitious businessâa new restaurant! In Part 1 of this discussion,you chose how you would like to structure your business: a soleproprietorship, a partnership, or a corporation. Now, letâs assumeyou have been in business for a short time. Your staff is busycooking, waiting tables, and making your customers happy. Youâllneed to record all of the transactions in order to keep an accuraterecord of how well your restaurant is performing. This importanttask can certainly be done by hand, but there are also a lot ofgreat software programs that can help make the task easier. Evensmall businesses can benefit from accounting/financial software.Research the business software QuickBooks. In your initial post,explain what QuickBooks is and how you feel it could help improveyour ability to track and record transactions in your newrestaurant.
Your Restaurant Business Discussion
Part 1: Opening Your Own Business
You are considering starting your own restaurant. What are thetypes of business organizations can you choose from? Which onewould you choose, and what benefits and disadvantages would thatform offer you?
Part 2: Accounting for Your Own Business
Throughout the course, you will be working on your ownfictitious businessâa new restaurant! In Part 1 of this discussion,you chose how you would like to structure your business: a soleproprietorship, a partnership, or a corporation. Now, letâs assumeyou have been in business for a short time. Your staff is busycooking, waiting tables, and making your customers happy. Youâllneed to record all of the transactions in order to keep an accuraterecord of how well your restaurant is performing. This importanttask can certainly be done by hand, but there are also a lot ofgreat software programs that can help make the task easier. Evensmall businesses can benefit from accounting/financial software.Research the business software QuickBooks. In your initial post,explain what QuickBooks is and how you feel it could help improveyour ability to track and record transactions in your newrestaurant.
