How Sweet Pete S Made A Profit
Ronnie Buell
Professor Rodman
MKGT 341
3/2/15
Profit sweet Pete’s Paper In order for a business to work in a partnership the work load needs to be divided equally. If one partner is taking advantage of the other the business will never work. This does nothing but create controversy while adding stress and non-efficient work. Like in the case of Sweet Pete’s when one partner is lazy and does not care as much as the other it cannot work. Pete and his wife are the ones putting in all of the hard work while their partner just sits back and barely works and gets by. They were also lacking the execution of the plan as well as organization. It is no wonder why this business has had nothing but net losses over the past few years. When partners can’t cooperate with each other or one puts in more work than the other the business will simply just not work. Marcus Lemonis was able to come in and completely change the idea of the company as well as getting them to work together and with no surprise he turned the business around and Sweet Pete’s started turning a profit.
What I am looking for from my proposed business with my team is a sufficient business that is well run and very organized. Having an effective plan as well as maintaining organization is vital to a business’s success. I would also like for all work to be divided with each member contributing equally. We need to avoid group conflict as well as missing deadlines and miscommunication. It is important for each member to maintain communication with the group this way each member stays in the loop and knows which direction our business is going. Success to me looks like money. I would not consider myself successful unless my business was turning a profit while having everyone working efficiently and effectively. If I had a partner like Pete did I would not tolerate it. I would have him/her removed from the business and move on. A business cannot be successful with workers that are no longer motivated
Professor Rodman
MKGT 341
3/2/15
Profit sweet Pete’s Paper In order for a business to work in a partnership the work load needs to be divided equally. If one partner is taking advantage of the other the business will never work. This does nothing but create controversy while adding stress and non-efficient work. Like in the case of Sweet Pete’s when one partner is lazy and does not care as much as the other it cannot work. Pete and his wife are the ones putting in all of the hard work while their partner just sits back and barely works and gets by. They were also lacking the execution of the plan as well as organization. It is no wonder why this business has had nothing but net losses over the past few years. When partners can’t cooperate with each other or one puts in more work than the other the business will simply just not work. Marcus Lemonis was able to come in and completely change the idea of the company as well as getting them to work together and with no surprise he turned the business around and Sweet Pete’s started turning a profit.
What I am looking for from my proposed business with my team is a sufficient business that is well run and very organized. Having an effective plan as well as maintaining organization is vital to a business’s success. I would also like for all work to be divided with each member contributing equally. We need to avoid group conflict as well as missing deadlines and miscommunication. It is important for each member to maintain communication with the group this way each member stays in the loop and knows which direction our business is going. Success to me looks like money. I would not consider myself successful unless my business was turning a profit while having everyone working efficiently and effectively. If I had a partner like Pete did I would not tolerate it. I would have him/her removed from the business and move on. A business cannot be successful with workers that are no longer motivated