How to maxamize revenue at small business marina on a lake Research Paper

How to maxamize revenue at small business marina on a lake - interrogation Paper ExampleThis is because well established coarse scale businesses enjoy economies of scale when they offer large scale products. Furthermore, well established business can afford to hire qualified workforce and volunteer employee training that result to efficiency of effects. Small lake marinas face stiff competitions for customers from the world operated marinas and big lake marinas. The big lake marinas and public run marinas have stable sources of finances to finance their activities. In addition, due(p) to large scale of operation the rival marina owners are able to enjoy low cost recreational services hence alter them to deputation their clients competitive fees. Also, the public marinas and big lake marinas are able to provide better services to their clients due to their ability to hire qualified workers (Cooper, & Burke, 2011). There are other cheaper alternative recreational facilities tha t limit the surgical process of marinas hence marina operators should utilize efficient technology to provide a wide range of recreation facilities and accession business profitability.The growth of small business revenue depends on the managers ability to use the finances fitly throughout the monetary year. Many businesses face characteristic fluctuations in the flow of finances since in slightly periods the income is lower than the cost with some seasons of huge sales hence greater incomes (Kariv, 2013). Therefore, since the fixed cost of running play the business remains constant throughout the year, the business managers should be able to distribute their incomes throughout the financial year. However, small scale businesses are rarely able to distribute their finances throughout the year because of need of financial reserves (Prosek, 2011). For this reason, small scale business relies heavily on borrowings from banks and other financial institutions that charge interest o n the loans hence reducing the business