Copy of The Profit – Planet Popcorn – Episode 3 Season 1 PDF

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Business worksheet that describes a clear summary of the profit episode....

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The Profit – Planet Popcorn – Episode 3 Season 1 Planet Popcorn started as a humble little stand at a fairground. Today it’s a multimillion-dollar business. Despite generating all that cash, Planet Popcorn still can’t show a profit. 1.0) People 1.1) What people weaknesses did Planet Popcorn have? Total mismanagement of the business with the balance of sheets in total disarray. Sloppy accounting and cash management. Planet Popcorn was a cash-only business that did not accept credit cards or debit cards. A cash-only company leaves room for volubility to theft and missing money. 1.2) How did Marcus Lemonis fix the people weaknesses at Planet Popcorn? Resolve management problems. Control the money and inventory. 2.0) Process 2.1) What process weaknesses did the business have at Planet Popcorn? Huge loans taken to keep the business open which even involved remortaging the owners’ moms home. Lack of focus on the main source of income (popcorn) with unnecessary expansion into the unproven market. Inventory with no codes or tracking on them. 2.2) How did Marcus Lemonis fix the process weaknesses the business had at Planet Popcorn? Focus on one product that is the book Revenue generator for her business and forget about the smaller crepes ideas to expand the popcorn flavors to increase the range of products logo redesign and brand refreshing. 3.0) Product 3.1) What is the product of Planet Popcorn? Popcorn.

3.2) What is category of the product of Planet Popcorn? Food service. 3.3) What product weaknesses did Planet Popcorn have? No codes on popcorn bags packed, no tracking mechanisms, no understanding of what have or don't have. 3.4) How did Marcus Lemonis fix the Planet Popcorn weaknesses? Security cameras are installed around the premises and stores to monitor the business and prevent cash theft. 4.0) SWOT Analysis 4.1) Planet Popcorn strengths? Marcus offered $200,000 for 50% of the business contingent on getting our of the fairs / Carnival business and focusing on the popcorn side. 4.2) Planet Popcorn weaknesses? Business is over $200,000 in debt. 4.3) Planet Popcorn opportunities? Can expand to get more money 4.4) Planet Popcorn threats? Sharla expressed that she was uncomfortable with forgoing the kiosk business model. Marcus felt that it was a narrow Viewpoint that was putting her mother at risk of losing everything. 5.0) PEST Analysis

5.1) What are some political factors that might affect Planet Popcorn? tax 5.2) What are some macro-economic factors that might affect Planet Popcorn? Lacked Organization 5.3) What are some social factors that might affect Planet Popcorn? No website 5.4) What are some technological factors that might affect Planet Popcorn? No security 6.0) What are some types of gourmet popcorn? Pizza, carmel...