Burger Machine

Burger Machine Holdings Corporation, more commonly known as Burger Machine , is one of the notable fastfood companies in the Philippines. It is a sub- confederacy of the Gilmore Food Corporation. Unlike Jollibee and other burger chains, Burger Machine has regularly been retailing in outdoor stands instead of shops. History It was created in 1981 by Fe Esperanza S. Rodriguez and a sister who both planned to turn dickens old pocketable buses into mobile stores, an idea they adapted from America. It was their fondness for hamburgers that inspired them to make a business that would serve for the masses. The stores were hen opened near two accelerator stations in Quezon City. They all began with a capital of P40,000 with nearly two dozen employees working continuously. This non-stop service earned Burger Machine the nickname of the burger that never sleeps. A year later, a third store was opened. The bon ton was nationwide recognized. In 1990, the Corporate Office in EDSA started and was called EDSA Business Unit. It was also in this year when the Food and Nutrition Research Institute of the discussion section of apprehension and Technology confirmed their burgers as source of the near nutrients in equipment casualty of peso value equivalenced to other eading hamburger chains. Through the years, Burger Machine launched lots of branches including stalls and full-scale fast food restaurants. But during the Asian fiscal Crisis of the 90s, the follow saw more struggles and was forced to close down several(prenominal) branches and restaurants. Burger Machine is now back to its roots operation which is 24/7 burger stands for the masses. Other information One distinctive character associated with the company is the shadow which appears on every outlet. For a number of years it had been unnamed. Later in 1988, it was given one, Burger Bart through a name contest. 1 Graphic graphic designer/visual communicator Zeus Paredes coined the name BURGER MACHINE a nd designed the original logo and graphics on the mobile stores. The business was widely advertised on television in the mid-1990s. Among those who helped promote it include the Philippines late master titty Francis Magalona and iconic band Eraserheads. Permit controversy In 2007, it was revealed that a majority of Burger Machines stores break been operating without business licenses . Because of this, the Market Development and Administration Department gave them 15 days to go with the demands lest Burger Machine s tumesce as its parent Gilmore would undergo much(prenominal) consequences, specifically having those stores closed. Financial Aspects of Business by Brian Hill, Demand Media Finance is a business function that uses numbers and uninflected tools to help managers make better decisivenesss. Every business owner moldiness learn at least basic finance principles to effectively perish his company. Finance helps solicitude gain a clear understanding of the companys curr ent financial position, particularly whether the business is profitable or not. Companies of all sizes benefit from thorough financial grooming to guide the usiness steady down the path to future growth. Forecasting And Planning During the planning process, management determines numerical goals for the upcoming 12 months, or in the case of a long-range plan, for three years or more. Company management wherefore maps out the exercises that need to be occupyn, and the timeframe, for the goals to be reached. Finance comes into play when the action measurements are converted to prognosticate numbers for revenues and expenses. Managers with financial planning expertise are able to create forecasts that are attainable nevertheless aggressive. They must(prenominal) also have sufficient nderstanding about company trading operations to build spreadsheet financial models based on assumptions that are realistic. account statement And quantity Results Accounting is the branch of fina nce responsible for recording financial information and generating financial statements that show the companys operating results, as well as other critical functions such as tax compliance. Accounting has its own set of rules and standards for the recording of financial information and the presentation of results, called primarily Accepted Accounting Principles, or GAAP. Strict compliance with the standards allows ompany management to be assured the statements they receive are complete and accurate. Finance goes one step further and interprets the results. Variance analysis is done to compare actual results to forecast and uncover the reasons for negative or positive deviations. Finance staff members compare the companys financial results to those of other companies in the industry to take whether the company is performing above or below average, compared with its peers. Monitoring funds Position All businesses, particularly smaller ones that do not have large cash reserves or b orrowing capacity, must always keep an ye on their cash position the inflows and outflows of cash. The finance department is aerated with forecasting cash flow to prevent potentially disruptive shortages of cash. In a small company this can mean serious problems, such as not being able to pay employees at the closing of the week. Investing surplus cash to achieve a maximum fork out is also part of the finance function. In larger companies these investment activities take place on a daily basis and involve constant monitoring of the financial markets to select the best investments for such things as the companys employee retirement plan. Analysis for Decision MakingFinance can be likened to a toolbox for company management to use. The tools help answer questions that management must address when making small and large decisions. A small decision might be whether to lease or buy a saucy copy machine. A large decision for which finance provides guidance could be whether to acquire a competitor in order to grow the company more quickly. The goal of the data gathering and sometimes complex financial modeling utilized in finance is to ensure the company makes the most efficient use of its finite resources, including the capital, human resources and productive capacity.