Administrative Strategies for Small Woodwork Business: Puertas y Diseños

Abstract

Puertas y Diseños is a woodwork business that has recently suffered financially from the deficiency of business. This paper presents the study of such woodwork business in order to provide alternatives to improve profitability. The objective was overview all alternatives to increase 10% of the business profits by 2015. The steps to achieve the objective were: analyze the actual functionality of the Puertas y Diseños, research many studies made for businesses with similar situations, and provide many alternatives to help increase profitability. The study concluded that the proper alternatives to increase profits for Puertas y Diseños are the recycling of materials, saving 2% in costs, and establishing the owner an annual salary $36,000. Using these alternatives at the end of the period August 2014-15, the business will gain an equivalent of 9.7% of yearly profits that is $3,724. Key Terms ⎯ Business Administration; Cost Control; Small Business; Woodwork.