ZZZZ Best company Assignment Example | Topics and Well Written Essays - 1000 words

ZZZZ Best company - Assignment Example ZZZZ Best company The industry attracts various kinds of people. They can be young old, poor or rich. The entry requirements such as the license are easily attained. Some of the challenges that most of the players face in this industry include client’s complaints, payment of vendors and delay of payment. In his tender years around age 12, he was introduced into the industry of carpet cleaning, by his mother. After working for sometime, he formed his company the ZZZZ Best and began operations, at the age of 16 years. He used his entrepreneurial skills and smart minds to expand the company’s capital base. Minkow had an outstanding personality, which he later applies in creating a series of network, which helps his business to thrive into a fictitious multimillionaire empire within a short period. Mr. Minkow operated his company with a lot of caution in his bid to hide the fictitious business. For instance, he hires an accountant for a year in order to subdue an audit trail. This incident is seen when Mr. Greenspan, is resigned from his work, without proper procedures. The young entrepreneur Mr. Barry Minkow as the chief executive officer formed this company in 1982. It operated privately until 1986, when it went public. The company carried out operations in carpet cleaning until such time when Mr. Minkow realized difficulties in raising capital for the business. Minkow used the Company to get loans from financial institutions, which believed the financial values presented to them.