A business, Roo’s Outback Eatery Pty Ltd, is opening an additional restaurant in NSW. They plan to position the restaurant as an exclusive restaurant specialising in modern Australian food with quality customer service. The owners require assistance with the following:
• the acquisition and development of suitable staff
• additional funds for the day-to-day running of the business
• the close monitoring of working capital.
You have been hired as a consultant to write a report for the owners. In your report:
• discuss methods this business could use in the acquisition and development of staff
• recommend TWO appropriate working capital management strategies for this business.