Chapter 14
What is the most important part of the financial strategy process?
If you were to start a sports facility business, what business model would you use and why?
What do you think is the future of the Pilates industry and why? Examine the industry as a strategic investor who might want to invest money in opening a
Pilates studio.
If you owned a professional team in the United States and were thinking about expanding internationally, where might you attempt to purchase a similar
sports league–based team? Support your decision with sound research and advice.
If you ran a bowling alley that was struggling financially to pay the bills, what strategy would you pursue if you start falling further and further behind in paying
your bills? + 300 words
The most important part of the financial strategy process is developing a sound financial plan. A financial plan should be comprehensive and include both short-term and long-term goals, as well as strategies to achieve those goals. It is also important to analyze potential risks and opportunities in order to best allocate resources in order to maximize returns. Additionally, it is critical that the financial plan be regularly reviewed and revised as necessary based on changing conditions or new information.
If I were starting a sports facility business, I would use an asset-light model. Asset-light businesses are those that do not own any physical assets but rather rely on third parties for parts of their operations such as equipment or space rental. This model offers multiple benefits: it reduces capital expenditure costs, allows for more flexibility in terms of location choice, and can help focus resources on marketing which can build brand awareness quickly.
If I were looking into purchasing a similar sports league–based team abroad then I would look into Europe first as they have many professionally organized leagues across various disciplines like football (soccer), basketball, ice hockey etc., offering plenty of choices when compared to other continents such North America where sports leagues are limited only few select countries like USA and Canada due the geographical constraints present there limiting opportunities available even if one wanted them expand over there. Furthermore according European Union regulations foreign ownership restrictions outside EU member states may also be relaxed so that could provide additional leverage when evaluating various options available worldwide thus making Europe an attractive destination for professional team owners looking towards international expansion plans through acquisition route./
If I ran a bowling alley that was struggling financially then my first priority would be getting better visibility by creating promotions around special events like birthday parties or corporate outings during off peak times so we can attract customers during weekdays too while giving discounts during weekends so we don’t miss out on regular customers either way resulting into improved customer retention rates thereby boosting revenue streams generated from these activities eventually leading us towards achieving our desired bottom line performance objectives set initially before launching this venture itself./