Preferred Type of Business
In the turbulence of today’s world, different types of small businesses are created and die every day. Therefore, it is essential to think through a plan for creating one’s own business in advance and consider all the difficulties and pitfalls of today’s dynamic environment. The business associated with the preparation and delivery of pizza was chosen as the most profitable and attractive model with the potential to develop into a small cafe and then a network of such establishments.
This type of business requires relatively small capital but a great deal of attention to detail and planning at the time of initial organization. It combines service and production, logistics, organization of jobs and locations, and merchandising (Bland & Osterwalder, 2019). There will likewise be many challenges in the opening process itself: optimizing purchasing, staffing, and excessive marketing that must be carefully addressed from the very start.
Suitable Type of Accounting Information System
From the beginning, the electronic data processing system will be the accounting information system. Initially, data control will be carried out entirely manually. In the future, with the development of the company, automation of processes is possible. At the very beginning, a system may even use any system of spreadsheets to save money and assets (Bland & Osterwalder, 2019). After that, purchasing a special accredited system sufficient to set the necessary variables and control reports or financial forecasts at the output will be considered.
Factors Determining the System Choice
Globalization, digitalization, and market development are the main factors that influenced the choice of such an accounting system. In today’s world, there can hardly be any other type of accounting (Chin, 2020). Moreover, any legacy accounting or other outdated types will not matter for the newly established firm. The business choice is made due to its demand, dynamism, and minimal cost of opening, provided that an owner can perform many positions personally while maintaining operational efficiency and long-term sustainability.
References
Bland, D. J., & Osterwalder, A. (2019). Testing business ideas: A field guide for rapid experimentation. Standards Information Network. Web.
Chin, J. T. (2020). Location choice of new business establishments: Understanding the local context and neighborhood conditions in the United States. Sustainability, 12(2), 501. Web.