Math in the Life of an Entrepreneur

A detailed Summary of Math in the Life of an Entrepreneur

The entrepreneurs that I choose to work with were my parents. They have owned two of their own fast food restaurant for seven years. The name of our two restaurants is Sneaky Pete's. It is a fast food chain out of Birmingham Alabama. My dad originally worked for Wilson's sporting goods for thirteen years. After that he worked for several other corporations until he decided to leave the corporate world and start his own business.

Our restaurants are small and we have an accountant that helps do a lot of the paper work. One of the main things that my they have to deal with is the payroll. My mom prepares it herself each week with the aid of payroll software on her computer. Our employees are paid by the hour. They start off at minimum wage until they have proven themselves as an asset to the business. If they work over forty hours during the week then, they will receive time and half for the hours they worked over plus their normal wage for the first forty hours. In her records she keeps an on going individual earnings record on each employee. She must

My parents have been able to pay off all of their loans except for one, which is on the first store. They use a simple interest loan for this. They have been able to pay off the truck and the loan for the second store that we built with simple interest loans.

I feel that my parents have done a great job with our restaurants. They work very hard to make sure the business if profitable. They use anything that will help increase efficiency in maintaining the business such as software and other entrepreneurs advice. Our business is still relatively small so there was not a lot of information. Although I did learn a lot from doing this project, I never really knew that my parents were doing stuff every day that I was learning in college. I really like to see that the things I'm learning in school are going to help me when in graduate and start my own business.

All the equipment in both stores is on straight-line depreciation. They also depreciate our truck because it is used for the business. Our accountant takes care of this area of the business so my parents did not have too much informa

Some common words found in the essay are:
Birmingham Alabama, Life Entrepreneur, Sneaky Pete's, accountant takes, start own business, own business, accountant takes care, fast food, able pay, balance sheet, takes care, weekly monthly, start own,

Approximate Word count = 739
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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Math in the Life of an Entrepreneur

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