Essay - Secondary Data Review Solving the Problem of Decreasing Revenues Due...

Secondary Data Review

***** the Problem of Decreasing Revenues

Due to continuing instability in the stock market, the business I originally wrote about, Unit Investment Trust that was part of JP Morgan, had been losing money since 2002. Ultimately, those in charge ***** such decisions, chose to sell the UIT part of the business.

Over the last few years, many *****es have faced similar problems because ***** ***** recession and stagnant economy, and other businesses ***** gotten into trouble ***** of ***** issues.

***** such company is featured in an article from the Boston Business Journal. Ultimate Parking Inc. is a ********** valet parking company. This company ***** doing well enough that it was able to spin-off another venture called premier Curbside Valet. Originally the second company did very until the curbside restrictions in the aftermath of 9/11 completely destroyed the second company. In the words of the owner and CEO, Andrew Tuchler, "It was a big hit for us...It w*****s ***** first time s*****ce our inception ***** we had to lay people off. That was very difficult for us..." As a result of this loss, Tuchler and his managers did a complete ev*****luation of the company to assess its strengths and weaknesses. Not only did the remaining company grow and prosper, but a new aspect of the company's service is a consult*****ncy arm that helps hotels around the country assess their ***** strengths and weaknesses.

Another article, also from the Bos*****n Business Journal, discusses a business th*****t got into trouble by an entirely different means although the weakening economy ***** a factor, is ***** Waltham-based Action Environmental *****c. The new owner realized that he had a problem about six months after buying the business. He said he ***** bought ***** business based on t***** then current c*****tracts without realizing the founding ***** had gotten special consideration on some contracts because it was a wom*****n-owned *****. One of his managers suggested taking on mold remediation and with this new venture, the business once more started to grow ***** be prosperous.

According ***** this ***** in the Dallas Business Journal, CareerLink, like so many businesses suffered sever financial problems as the result ***** the poor *****. The owners of the company, which is a full-***** pr*****essional search and recruitment firm, refused to give up. The ***** began by staffing human re*****urces, accounting and executive support positions. Then, the two women who started the company brought in a third p*****rtner to help them exp***** toward a technology m*****rket. Although there seemed to be plenty of orders coming in, it soon became clear that nobody was actually hiring. CareerLink realized that ***** former clients were closing their doors. It was a struggle, but the three owners *****n't quit, they kept looking ***** they found a new market in the health care industry.

***** ***** San An*****nio Business Journal comes a success story of a couple who found a unique niche in the dry cleaning/laun***** industry. These folks *****er pick-up and delivery service so