Bachelor of Science in Business, Miami University, 2005, School of Business Administration - Accountancy
After consulting a local small business, I performed an analysis of the business and provided recommendations to the business owner based upon my research. This thesis provides an analysis of the small business as well as recommendations to achieve the owner's business objectives. Additionally, it was created in collaboration with my teammate, Andi Sebastian. Southwestern Ohio Services (SOS) is a surfacing and specialty services firm owned and operated by Nick Smith. Nick currently has limited time to operate the business due to his full-time career; consequently, the business provides services to contractors on a part-time basis. With plans to retire within a year, he desires to convert SOS into a full-time business. Nick consulted with our team to obtain assistance in attaining his business objectives, some of which include: expanding the target market to include residential clients, hiring several full-time employees, and experiencing sustainable growth. Our team then utilized past successes and failures, extensive research, an understanding of the business, and our team's knowledge to devise a plan to achieve Nick's objectives. Our recommendations concentrate on the following three areas: profit-sharing, strategic marketing, and financial recordkeeping and organization. These recommendations will assist Nick in realizing his specific, long-term business objectives.
Committee: Michael Broida (Advisor)
Subjects: Business Administration, General