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Business owners, managers, aspiring entrepreneurs form business organization selec t-based considerations, including taxes, liability, capital contributions, sharing profits losses, management control, survivorship.
Marginal cost and marginal revenue
The concept of marginal revenue is generically understood as the additional revenue the company generates from the sale of one more unit of its product or service. In a different formulation, the marginal revenue represents the money generated by the sale of the last item, be it product or service.
The marginal revenue is computed through the division of the change in total revenue by the change in quantity of sold items. This computation method also represents the relationship between the marginal revenue and the total revenue.
M = Change in T / Change in Q, where
M is the marginal revenue
T represents the total revenues, and Q. represents the quantity of items sold (Economics. Fundamental Finance).
Marginal revenue, Economics. Fundamental Finance, http://economics.fundamentalfinance.com/micro_revenue.php last accessed on July 29, 2011
Marginal cost (MC), EconModel, http://www.econmodel.com/classic/terms/mc.htm last accessed on July 29, 2011
Profit, Investopedia, http://www.investopedia.com/terms/p/profit.asp last accessed on July 29, 2011
Profit maximization, Investor Words, http://www.investorwords.com/7690/profit_maximization.html last accessed on July 29, 2011
business, it is vital for business owners to measure the value of their assets and to evaluate the performance of their business at any point in time. In fact, majority of strategies for popular multinational corporations, such as Samsung, Apple and Starbucks, are formulated based on the financial performance of the company as compared to other companies in a particular industry. Two courses, ACC201 and FIN301, introduce learners to fundamental principles in accounting and finance, which are meant to equip the said learners with the knowledge and skills needed to understand how businesses are valued and how leaders make important financial decisions that affect their companies in the long-run. This text summarizes the readings and assignments we covered in ACC201 and FIN301, the skills learnt and how they will be applicable in future careers.
Module 1 introduced us to the analysis of various financial statements. Using this skill, we went…
The Gap, Inc. (2015). Annual reports and proxy. Retrieved January 25, 2015 from http://investors.gapinc.com/phoenix.zhtml?c=111302&p=irol-reportsAnnual
Verizon. (2015). Annual reports. Retrieved January 25, 2015 from http://www.verizon.com/about/investors/
Weygandt, J.J, Kimmel, P. D & Kieso, D.E. (2010) Managerial Accounting: Tools for Business Decision Making. New Aster: John Wiley & Sons, Inc.
Yahoo! Finance. (2015). Apple, Inc. Cash Flow. Retrieved January 25, 2015 from http://finance.yahoo.com/q/cf?s=AAPL+Cash+Flow&annual
Small business owners should consider numerous business ratios. The measures of liquidity enable the business to live within the day-to-day expenses. These short-term obligations must be fulfilled by the business. Measures of liquidity are obtained through the two main features in the current ratio and net working capital. The ratio between the current assets and current liabilities should be considered by the business. Activity ratios are another business ratio that must be used by the small business. The business will be able to gauge and know how it is using its assets towards productivity. The amounts of accounts received together with the total assets and inventories are indispensable while determining the benefits of productivity within the organization. The other ratio that is of benefit is the measures of profitability ratio. With this ratio, the business will be able to know the level of its returns in accordance to the sales,…
Bragg, S.M. (2011). The new CFO financial leadership manual. Hoboken, N.J: Wiley.
Puxty, A.G., Dodds, J.C., & Wilson, R.M.S. (1988). Financial management: Method and meaning. VNR International.
Sadgrove, K. (2005). The complete guide to business risk management. Aldershot, Hants,
England: Ashgate Pub.
hybrid contract to the small-Business owner, and why the government is likely to choose you in the sealed-bidding process.
The hybrid contract contains the combination of both fixed-price and cost-reimbursable contracts. To understand the hybrid contract, therefore, one has to understand these other two types:
Fixed-price -- a contract that defines a fixed total price for a clearly defined scope and piece of work. Bonuses may also be included as well as other incentives. Vendors working for fixed-price contracts are legally held to complete their work at stated proscriptions with financial implications if they fail.
cost-reimbursable contracts -- this is a contract that involves payments / reimbursements to the vendor for all costs involved in the business and act of producing product / giving service as well as a fee that goes for vendor profit. uch contracts may also include financial incentive clauses that state that vendor wins or loses…
the Business Owner's Toolkit
GovWin Network Government Procurement Process
http://govwin.com/knowledge/procurement-process pm student.com Contract type: Here's the best one… http://pmstudent.com/contract-type-heres-the-best-one/
small size business owner has to continually assess the status of the enterprise relative to both itself (as evolution in time), as well a relative to the industry, in order to identify its current status and position. One important means in which the economic agents come to conduct this assessment is represented by the financial status of the company, revealed through the lenses of financial ratios. Some notable examples of financial rations to be considered by small size economic agents in their assessments include:
Liquidity ratios, such as the quick ratio or the current ratio, which assess the company's ability to pay its debts
Asset turnover ratios, such as the receivable turnover or the inventory turnover, which assess the company's ability to use its assets to generate revenues
Financial leverage ratios, such as the debt to equity ratio, which indicate the status of the company's capitals
Profitability ratios, such as…
2010, Financial ratios, Net MBA, http://www.netmba.com/finance/financial/ratios /' target='_blank' REL='NOFOLLOW'>
Black Women: Diversity and Inclusion Programs - Are they really assisting?
In the last few decades, researchers, policymakers, economic development experts, and analysts of public policy are increasingly concentrating on the aspect of entrepreneurship in the African-American community, with respect to devising distinct strategies for facilitating economic success. Establishment of set-aside initiatives for minorities (or disadvantaged business initiatives) is one political strategy which serves as an instrument for enhancing small, poor businesses' chances of survival. Several of these businesses were African-American-owned and -run businesses (House-Soremekun, 2007; Chatterji, Chay & Fairlie, 2013). This paper will look into the economics-politics interrelationship, by analyzing the aforementioned disadvantaged business initiatives' effect on African-American businesswomen's economic outcomes.
The research question that this paper poses is: Are the programs (such as the set-aside initiatives) that are designed to support small and disadvantaged (or minority) business owners really successful -- or do they rather perpetuate inequality in…
Bardach, E. (2011). Practical guide for policy analysis: the eight-fold path to more effective problem solving, 4th Edition. Sage
Bates, T. and Williams, D. (1995). Preferential Procurement Programs and Minority-Owned Businesses, Journal of Urban Affairs, 17(1): 1-17.
Bates, T. and Williams, D.L. (1993). Racial Politics: Does It Pay? Social Science Quarterly, 74(3): 507-22.
Boston, T. D. (1998). Trends in Minority-Owned Businesses, prepared for the National Research Council Conference on Racial Trends in the United States, Georgia Tech Working Paper.
Small Business Owner: Financial atios
Financial analysis is one of the most reliable means of assessing an economic agent as it relies on quantitative data, which is unbiased, objective and which can be extrapolated. Still, despite these advantages of financial analysis, fact remains that its results can generate relative findings based on the characteristics of the assessed company. For instance, while a small size company would be more interested in decreasing debt, a large size entity would pay less attention to debt.
In the context of a small size company, some of the more relevant financial ratios to be assessed refer to the profitability ratios, the liquidity ratios, the debt ratios and the activity ratios. Each of these categories contains several important ratios, as follows:
Profitability ratios: the gross profit margin, the net profit margin, the return on equity
Liquidity ratios: current ratio, quick ratio or current ratio…
Cooper, J., 2011, How to calculate financial ratios for your small business, Mimosa Planet, http://mimosaplanet.com/Small-Business-Blog/bid/62950/How-to-Calculate-Financial-Ratios-for-Your-Small-Business.htmllast accessed on August 21, 2012
2010, Financial ratios, Net MBA, http://www.netmba.com/finance/financial/ratios / last accessed on August 21, 2012
2012, Beta risk, Investopedia, http://www.investopedia.com/terms/b/beta-risk.asp#axzz24AKreBy1 last accessed on August 21, 2012
Systematic and unsystematic risk, Nerimanhb, http://narimanhb.com/2010/08/18/systematic-unsystematic-risknon-diversifiable-and-diversifiable-risk/last accessed on August 21, 2012
Decision Making and Accounting Theories
Business owners find that they always have to put on business hats when they are starting up or managing their businesses. However in business it is not the owners who are meant to make decisions only, decisions can also be made by employees. When classification of business decisions is done it is on the basis of how predictable that particular decision is. Programmed decisions are those that are straightforward, routine and repetitive. They can easily be dealt with by the creation of procedures and routines. On the other hand there are decisions that are unstructured and valid which do not require systems that are clear cut so as to be made. Those in business are often faced with various decisions which they have to make some of which are particularly important when it comes to the profitable existence of any business. Decisions result to success…
Kaipa, P. & Radjou, N. (2013). 7 Business Decisions That Looked Bad but Turned Good. Retrieved August 27, 2013 from http://www.cnbc.com/id/100634625
Wicks, D. (2013). Top 5 Biggest Decisions Business Owners Make. Retrieved August 27, 2013 from http://smallbusiness.chron.com/top-5-biggest-decisions-business-owners-make-10131.html
Krippendorff, K. (2013). The Greatest Business Decisions of All Time. Retrieved August 27, 2013 from http://www.fastcompany.com/3001870/greatest-business-decisions-all-time
Kruse, K. (2013). The Top 5 Business Decisions of All Time. Retrieved August 27, 2013 from http://www.forbes.com/sites/kevinkruse/2013/05/22/business-decisions/
decisions a small business owner. Since microeconomics study individual households, firms, government, a closer operations a franchise firm. . You select ONE firm a list Entrepreneur magazine: http://www.
McDonald's is one of the most popular franchises across the globe. The firm represents the epitome of corporate success, but it is also an emblem of the American way of life. The fast food industry is an important segment of the current life style, of working women, busy schedules and less time for traditional eating.
Part of the success registered by McDonald's is represented by the business model selected by the firm. Specifically, the fast food giant operates through franchises, meaning that its stores are operated by tertiary parties, under the emblem of McDonald's, but with shared risk, resource consumption and profitability.
In order to better assess the company, it is useful to approach it through the lenses of the three…
Adams, B., 2007, McDonald's strange menu around the world, Trifter, http://trifter.com/practical-travel/budget-travel/mcdonald%E2%80%99s-strange-menu-around-the-world / last accessed on January 16, 2012
Royle, T., 2000, Working for McDonald's in Europe: the unequal struggle, Routledge
Website of the McDonald's Corporation, http://www.mcdonalds.com last accessed on January 16, 2012
parameters, there are five general traits of attracting venture capitalists that should be assessed and analyzed. In no particular order, they are scrutinizing your business with a critical eye, beefing up of management, keeping up a high profile, targeting of the search, keeping a lookout and the investigation of possible venture partners. The author of this report has been asked to determine and explain which step is the "most difficult" for an entrepreneur to completely and why. Subsequent to that, there will be an explanation of how to attract venture capitalists while making the foundations of the business in question strong.
Of the five mentioned above, the one that would seem to be the most difficult would be keeping a high profile. So much of life and business is about managing perceptions and most people know full well that perceptions are subject to just that…perception. Venture capitalists are obviously trying…
Apex,. (2015). New managers need grooming to succeed. Apex CPAs & Consultants. Retrieved 21 August 2015, from http://www.apexcpas.com/insights-resources/articles/blog-details/articleid/46/new-managers-need-grooming-to-succeed
Bradshaw, M. (2011). Financial investors vs. business owners: Every startup's 'offside' relationship - Memeburn. Memeburn. Retrieved 21 August 2015, from http://memeburn.com/2011/10/financial-investors-vs.-business-owners-that%E2%80%99s-offside-ref/
Entrepreneur,. (2005). How to Attract VC Investors. Entrepreneur. Retrieved 21 August 2015, from http://www.entrepreneur.com/article/80458
FindLaw,. (2015). Pros and Cons: Going Public - FindLaw. Findlaw. Retrieved 21 August 2015, from http://smallbusiness.findlaw.com/business-finances/pros-and-cons-going-public.html
Mentoring is a critical job and is important for the one providing it as well as the party seeking it. The business parties seeking mentoring are normally those that are beginners and they wish to avoid problems by seeking expert advice. On the other hand the mentor's credibility and business experience is proved when he offers mentoring and advice. Theft and fraud are two most common issues faced by the starting businesses. The paper discusses what advice can be offered to beginners to avoid theft and fraud in business.
What advice can be offered to beginners to avoid theft and fraud in business?
Mentoring is an advisory job and should be backed by proper knowledge and experience. Based on the three decades of business experience, it can be said that fraud and theft are most common in business however only a little more carefulness can help avoid…
Epstein, L., (2013), "Protecting Your Business from Theft and Fraud," Retrieved from:
Matthews, C., (2002), "Preventing Small-Business Fraud," Retrieved from:
Additionally, businesses must anticipate seasonal shifts in demand when allocating and anticipating costs. A toy company cannot assume that the revenue it enjoys after a Christmas marketing a 'hot toy' will be sustained all year 'round.
In terms of taking a long-term view, a business should treat its employees in an ethical fashion. If employees are treated in a respectful manner, they are likely to perform better and show more loyalty to the organization. Additionally, if a company is found to be exploiting its employees, as was the case of Nike and the 'sweatshop'-type conditions of its offshore operations, this negative publicity can deter individuals from buying from the company. Employee costs in the long and short-term, in terms of compensating employees for overtime and giving them reasonable benefits, must also be included in the business plan. Also, the possibility of stock options, should the company incorporate, is another issue…
Business plan for starting out, 2010, Score Retrieved September 4, 2010 at www.score.org/.../Business%20Plan%20for%20Startup%20Business.doc
The value of a business plan. (2010). Striding Out. Retrieved September 4, 2010 at http://www.stridingout.co.uk/business-planning/the-value-of-a-business-plan.html
III. METHODS of ANALYSIS to INFORM usiness OWNER
Various methods of analysis exists which are useful in gaining needed information. One method of analysis is termed a SWOT analysis which examines the business in terms of its 'strengths', 'weaknesses', 'threats', and 'opportunities'. Another analysis that is informing in relation to: (1) Firm strategy, structure, and rivalry, (2) government; (3) factor conditions; (4) related and supported industries; and (5) demand conditions is the method known as Porter's Diamond analysis.
Diamond Model - Porter on Nations (nd) Value-ased Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html
SWOT Analysis (nd) usiness & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html
Keener, renda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis
Diamond Model - Porter on Nations (nd) Value-Based Management Online available at http://www.valuebasedmanagement.net/methods_porter_diamond_model.html
SWOT Analysis (nd) Business & Economics. Online available at http://bizeco.blogspot.com/2005/08/SWOT-analysis.html
Keener, Brenda (2006) Creating a Competitive Analysis. Suite 101. Online available at http://marketingpr.suite101.com/article.cfm/creating_a_competitive_analysis
Description of the Business
The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.
The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where…
Bailey, E. (2013). Pros and cons of incorporation. Suite101.com. Retrieved November 14, 2013 from http://suite101.com/a/pros-and-cons-of-incorporation-a42401
FASB. (2013). International convergence of accounting standards. Financial Accounting Standards Board. Retrieved November 14, 2013 from http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156245663
IRS.gov. (2013). Publication 946. Internal Revenue Service. Retrieved November 14, 2013 from http://www.irs.gov/publications/p946/ar02.html#en_US_2012_publink1000270861
NCA. (2013). Profile of the U.S. candy industry. National Confectioners' Association. Retrieved November 14, 2013 from http://www.candyusa.com/content.cfm?ItemNumber=1607
Business Law and Christian Ethics
The terms limited liability and liability protection are often used interchangeably to describe business arrangements that limit the amount of a firm's liability, generally to the amount of assets held by the firm. In other words, those types of business arrangements protect an individual's personal assets from judgment should the person be sued in a professional capacity. One frequent example of a limited liability business arrangement is the limited liability partnership, which essentially "protects each partner from debts against the partnership arising from professional malpractice lawsuits against another partner" (Pakroo, 2013). In those instances, the liability limitation is not limited the individual assets of the partners, but also extends to property owned by the partnership.
Whether or not limited liability or liability protection aligns with a Christian worldview is a tricky moral question because it presupposes that all people who enter into those types of…
Pakroo, P. (2013). Limited Partnerships and Limited Liability Partnerships. Retrieved September 24, 2013 from NOLO website: http://www.nolo.com/legal-encyclopedia/limited-partnerships-limited-liability-partnerships-29748.html
Scalici, S. (2007, March 30). The Christian Taxpayer. Retrieved September 24, 2013 from Crosswalk website:
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
Business Model Canvas
Combative Fighting Systems
Martial arts school that teaches Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Opened July 1995
Westminster Ave, Westminster, Ca. 90630 (714) [HIDDEN]
Martial art instruction for children through adults.
Mixed Martial Arts (MMA) training, coaching. Physical fitness
More info online Google Ken Gabrielson Brazillian Jiu-Jitsu.
"Dirty Dozen," Gracie Jiu-jitsu Black Belts. Combative Fighting Systems.
Fighters trained: John "Machine" Lober
Todd Medina El Tiburon
Provide mixed martial arts training and coaching, including: Jeet Kune Do concepts / Kali / Brazilian Jiu-Jitsu
Provide an avenue for children and adults to develop physical fitness
"Dirty Dozen," Gracie Jiu-jitsu Black Belts, and Combative Fighting Systems
Superbly trained staff: John "Machine" Lober, Todd Medina, El Tiburon (have I got this right
Facility in Westminster, California
Chamber of Commerce, Westminster
Mixed Martial Arts Association (MMAFA)
International Mixed Martial Arts…
Osterwalder, A. And Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New York, NY: Wiley.
The Business Model Canvas Nonlinearthinking.typepad.com. Retrieved http://nonlinearthinking.typepad.com/nonlinear_thinking/2008/07/the-business-model-canvas.html
Alexander Osterwalder: The Business Model Canvas. [Video.] Retreived https://www.youtube.com/watch?v=2FumwkBMhLo
How to create your Lean Canvas. LeanStack. Retrieved http://leanstack.com/LeanCanvas.pdf
All businesses are started with the intention of success, although this intention alone cannot guarantee immunity from failure. Whether or not businesses experience success or failure depends on several factors. Some of these factors are in the control of the business owners themselves, such as quality of management, while some factors are out of the control of the business owners, such as current economic climate. The following discussion highlights factors involved in why businesses succeed or fail, and how certain factors such as sex of the business owner or location of the business play into the equation.
avindran (2008) described how studies have demonstrated that approximately 50% of small businesses experience failure within their first four years of existence. This failure is most often a result of lack of knowledge regarding proper workings of businesses and poor management (avindran, 2008). Another crucial factor involved in the failure of…
Ravindran, N.. "Why businesses may fail: why some businesses fail and why some succeed is debatable. There are various factors behind business failures. We look at some common mistakes that can sink a business in no time." Today's Manager. Singapore Institute of Management. 2008. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-187622241.html
Robinson, Sherry. "Business failure rates: a look at sex and location.(Statistical table)(Survey)." Academy of Entrepreneurship Journal. The DreamCatchers Group, LLC. 2007. Retrieved March 12, 2011 from HighBeam Research: http://www.highbeam.com/doc/1G1-175065812.html
An ethical issue refers to a situation whereby an organization is required to choose amongst alternatives that must be evaluated as either wrong or right. For example, an ethical issue arises when a business company opts to make as much profit while pollution the environment, the dilemma here being the regulation and social consequences. The company management may opt to bribing the regulation implementing organization as long as they continue making short-term profits before the law catches up with them, by then they may be forced to attire with the rule or shut down but they will have made as much finances than when they may have started and the consequences on the social life will have reached the stage where it affects their health and made the environment unbearable. The principle of autonomy; which requires individuals to be left on their own independence to conduct their activities,…
Andrew, J. (2008). Utilitarianism and deontology theories. New York: John and sons ltd.
Ferrell, O.C., & Fraedrich, J. (2012). Business Ethics: Ethical Decision Making & Cases. Salt Lake: Cengage Learning.
Joanne, B. (2010). Ethics and Business success. Mexico: Greenwood press.
John, K., & Berlyn, M. (2009). Assessing the effectiveness of decision making models. Normative and rationale models, 15 (14), 319-325.
Businesses are the cornerstone of a capitalistic society. Businesses often drive economic growth and overall societal prosperity. In many instances, business can enhance the overall quality of life of those living in civilization. Looking back briefly at history, provides a unique perspective of business as it relates to societal development. Currently, looking at a minimum wage individual living in America today, they are able to perform tasks and activities that many of the wealthiest individuals in society during 1900 could only dream of. The minimum wage individual can watch television, listen to music on a cell phone, use the internet and even control the weather within their vehicle. This has occurred primarily due to the profit incentive embedded in a capitalistic society. The same will occur with Alex, Bill, Carl, Devon, and Xavier as there farm business developments. These same principles are present for all Christians who want their business…
1. Barnet, Richard; Ronald E. Muller (1974). Global Reach: The Power of the Multinational Corporation. New York, NY: Simon & Schuster.
2. Blumberg, Phillip I., The Multinational Challenge to Corporation Law: The Search for a New Corporate Personality, (1993)
3. Cadman, John William. The Corporation in New Jersey: Business and Politics,, (1949)
4. Conard, Alfred F Corporations in Perspective. 1976.
Considerations for a Business Plan; Structure and Financing
Setting up a new business can be daunting; making the right decisions during the planning stages may prevent later problems. Two main issues are whether or not to take on partners and how to finance the venture. This requires consideration of advantages and disadvantages associated with different firm structures and the potential sources of financing that may be available.
There choices are sole proprietorship, partnership, limited liability company, and corporation. The sole proprietorship is one of the simplest, and also one of the most common business structures, and is administratively simple as the business is not have its own legal identity, but is an extension of the business owner. In this type of business there will be a single owner, which has some advantages; the owner has total control over the business, and as the income is classed as the individuals'…
Business tructures Overview -- There are a number of different business structures that are available to the new business owner, or someone purchasing a business. Each different structure has its own set of rules, with each having different tax and legal implications. The choice of which to use is thus based on the type of business, its overall legal liability (e.g. A rafting company vs. A resume service), the number of people involved, potential income, and potential longevity.
In business structures, a sole proprietorship is the simplest and is an unincorporated business that is owned and operated by a single individual. All profits and liabilities are the sole responsibility of this individual. This is the most autonomous of the business structures. ole proprietorships have few formalities, few regulations and very little federal, state and local tax issues. However, it also has the least amount of liability protection for the business…
Advantages and Disadvantages of Sole Proprietorships. (2007). Retrieved from The New York Times: http://www.nytimes.com/allbusiness/AB4113314_primary.html
Carter, C.. (2012). Advantages and Different Advantages of Different Business Structures. Chron.com. Retrieved from: http://smallbusiness.chron.com/advantages-disadvantages-different-business-structures-21149.html
McMenamin, J. (2013) Introduction to Financial Management. Retrieved from Google Books.
This is when the overall amounts of responsibilities are limited to: the percentage of ownership of the different shareholders. As a far as control is concerned, this means that management must carefully monitor who they are hiring to work as the jackhammer operator. The reason why, is because of the possibility of the on the job injuries that are work related. Taxation issues are limited mainly to the percentage of ownership of the various shareholders. As all income from the business will be divided and reported on the individual tax returns of the business owners. The possible liability issues include: workplace injuries, negligence and the loss of income that an employee can claim (in the event they are injured). To protect itself against the different risks, the business needs to have policies in place that will monitor the activities of managers, to ensure that they are following all regulations. This…
What is a Limited Liability Company. (2011). Wise Geek. Retrieved from: http://www.wisegeek.com/what-is-a-limited-liability-company.htm
Astarita, J. (2009). Introduction to Private Placements. SEC Law. Retrieved from: http://www.seclaw.com/docs/pplace.htm
Eadie, J. (2011). Using Private Placement Strategies. Covenant Info. Retrieved from: http://covenantmfo.com/blog/2011/3/17/using-private-placement-strategies-minimize-tax-headaches
Schied, J. (2009). What Rules do Franchises have to Follow. Bright Hub. Retrieved from: http://www.brighthub.com/office/entrepreneurs/articles/55272.aspx
The third category is the small business, who in many cases cannot afford a single chair from Herman Miller due to the high price relative to incomes of these smaller companies. The famous Aeron chair for example, a favorite for large-scale enterprises is often too expensive for the small business owner. Instead of this high-end chair, small business owners look at the stand, off-the-shelf chairs for their offices.
Capturing a Business-Based Segment Through Consumer Marketing
In devising a strategy to capture one of these segments, the low-end of the market is the most accessible for a consumer-based chair company. Targeting the lack of customization for office furniture the marketer could concentrate on a build-to-order manufacturing strategy to gave small business owners flexibility in defining the exact type of chair they wanted (Sharma, LaPlaca, 2005). In addition many small businesses are actually in peoples' homes, so creating a build-to-order strategy at…
Ed Christman (2007, March). Retail Track. Billboard, 119(11), 19. Retrieved November 28, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1239029211).
Heike Dieckmann (2007, April). New lease of life. Office Products International,1. Retrieved November 29, 2008, from ABI/INFORM Trade & Industry database. (Document ID: 1262470541).
Arun Sharma, Peter LaPlaca. (2005). Marketing in the emerging era of build-to-order manufacturing. Industrial Marketing Management, 34(5), 476-486. Retrieved November 27, 2008, from ABI/INFORM Global database. (Document ID: 850306371).
Reasons for Failure
usiness failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures impacts negatively on the overall business climate and examining possible causes in an effort to forestall further such failures is vital to maintaining a healthy business environment. The emphasis in recent years has shifted from examining why and how businesses fail toward an analysis of how to avoid and prevent business failures.
The failed business that I chose to review was a small ice cream / restaurant in my neighborhood. The name of the business was Charlie's Ice…
Goltz, J. (2011, January 5). Top 10 Reasons Small Business Fail. New York Tmes .
U.S. Small Business Administration. (n.d.). Standard Operating Procedures. Retrieved May 25, 2011, from SBA: http://www.sba.gov/about-sba-services/
Business Security Protection
In any business organization security of the organization is one of the most important factors. There are many different areas where security must be assessed. Some of the ways in which an organization must assess their security are: loss prevention, crime prevention, asset protection, security management, and risk management. In this paper I will discuss the importance of each of these security issues starting with the least important to the most important in the business environment.
Loss prevention is an important part of any organization. The business must protect the merchandise from theft. There are many different loss prevention plans and strategies that exist. Creating a plan for emergencies is important, plan for extreme weather conditions, unforeseen employee situations, and theft. A part of the business plan should include contacting FEMA and developing a plan for unforeseen disasters. Conducting an employee background check prior to…
McNamara, C. (2010). Basic Considerations in Risk Management. Retrieved from http://www.managementhelp.org/legal/rskmgmnt.htm
Rando, D. (2011). Asset Protection for the Business Owner. Investopedia. Retrieved from http://www.investopedia.com/articles/pf/08/asset-protection-business.asp
Wikipedia (2010). Risk Management. Retrieved from http://en.wikipedia.org/wiki/Risk_management
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com)
elieving that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is rather naive. Under these circumstances, it has been argued that doing the moral thing means choosing the least terrible solution. The problem is that this implies a relativistic evaluation of the matter which impacts the manner in which the moral principles are conceived.
efore stepping into a debate regarding the character of the moral principles, we may state that we agree with the opinions which state that there is no such thing as objective moral principles."Ethics can be seen as…
Aristotle, Nicomachean Ethics (Ross, W.D. Translator). Retrieved fromhttp://socserv.mcmaster.ca/econ/ugcm/3ll3/aristotle/Ethics.pdf September 30, 2010
Hartman Laura P. & Joe DesJardins. Business Ethics Decision Making for Personal integrity & Social Responsibility, Second Edition
Independent dealers must sign a contract that sets forth the manner in which they will operate their rental centers. Often a small business owner will supplement their income be adding U-Hauls to their market mix. Independent contractors earn a commission on their sales.
Each division of AMERCO has it own president. All of them must report to a Board of Directors. The Chairman of the Board and overall President is Edward Shoen, descendent of the original founders of the company. Many members of the Shoen family still control much of the company (Google Finance). Little information is available about the company, aside from their financial statements. Although they have a Board of Directors, the company continues to operate as a family-style operation, with the family members occupying many positions in upper management. The company structure is simple and little is available beyond basic information.
Purchasing Contract Analysis and the UCC…
Ceh v. UHaul International, Inc., 11th district court of appeals, No. 04-10031.
A www.ca11.uscourts.gov/opinions/ops/200410671.pdf. Accessed January 22.
Company News; U-Haul's Parent Seeks Bankruptcy Protection." June 21, 2003. New
York Times. http://query.nytimes.com/gst/fullpage.html?res=9800EFDF173BF932A15755C0A9659C8B63 . Accessed January 23, 2007.
Business -- Economics
Business Expectations and Community Involvement
Successful businesses bring many things to the communities in which they are located. Because they are successful and profitable they are often admired by most of the people that reside near them. The question at hand is whether these businesses should concentrate less on their maximization of profit and instead use some of their resources to give back to the communities. It would seem as though the answer to this would be a resounding "yes." Unfortunately, not all businesses are willing to do this.
Many businesses only have interest in how much profit they can make. They are not concerned about those around them, and they certainly do not give things back to the community. These businesses fail to realize some things. First of all, by using raw materials and resources from the community, potentially polluting the air of the community if…
Answer number 3
The online community presents the reader with a multitude of information on how to write the business plan. A valid source in this sense is represented by Maire Loughran's article on the About.com website. Throughout this article, the author identifies a total of eight key elements to be integrated in the business plan. These refer to the next ones:
The executive summary which states the objectives of the plan
The provision of general information on the company soliciting the funds from the potential equity investors
The description of the products and/or services to be provided by the firm
The objective and factual analysis of the industry, the market and the competition encountered by the economic agent
The provision of more detailed company information, including primarily data on the managerial team, the organization and the ownership of the firm
The marketing plan as an integrated effort…
Lavinssky, D., Key components of a business plan, Business Know-how, http://www.businessknowhow.com/StartUp/business-plan-parts.htm last accessed on September 19, 2011
Loughran, M., Business plan elements, About, http://artsandcrafts.about.com/od/businessplans/tp/elementsbusinessplan.htm last accessed on September 19, 2011
Stout, C.E., Grand, L.C., 2010, Getting started in private practice: the complete guide to building your mental health practice, John Wiley and Sons
Business Strategies and Decision-Making
Choosing a business structure can depend on a wide range of variables and it is thus essential for a manager to have a complex understanding of his company, the industry it is associated with, and business forecasts. The process of choosing a business structure needs to be considered before starting any businesses in spite of the fact that this respective process can take a significant amount of resources. Many business owners are inclined to either dedicate very little of their time to this process or even to bypass it completely. This can lead to serious issues later in the company's functioning, as business owners can come across a series of problems that they're not prepared to deal with.
Proprietorships are one of the most encountered types of business organizations, this being largely owed to the fact that they are easier to form and maintain and because…
Bechet, T.P. "Developing Staffing Strategies That Work: Implementing Pragmatic, Nontraditional Approaches." Retrieved July 26, 2015, from http://unpan1.un.org/intradoc/groups/public/documents/un/unpan021815.pdf
Grendstad, G., Selle, P., Stromsnes, K., & Bortne, O. "Unique Environmentalism: A Comparative Perspective." (Springer Science & Business Media, 28 Nov 2006)
Field, T. "Avoiding Patent, Trademark and Copyright Problems." Retrieved July 26, 2015, from https://centraljersey.score.org/system/files/u129009/Avoiding%20Patent,%20Trademark%20and%20Copyright%20Problems.pdf
Larabee, D. "Pros and cons of investing in family-owned businesses." Retrieved July 26, 2015, from http://www.ft.com/international/cms/s/0/cd98f8a4-5756-11e3-b615-00144feabdc0.html#axzz3gzrkx9vE
In order to refer to this, we need to mention that the cash flow statement for the year generally reflects three different cash flow positions or categories: cash flows from operating activities, cash flows from investing activities and cash flows from financing activities. I have discussed the interrelationship between the cash flow from operating activities and the balance sheet. The other two categories are also reflected in the balance sheet.
Indeed, the company may invest during the financial year in fixed assets, such as property or equipment. The negative difference reflected on the statement of cash flows will be noted as an increase in the total asset value on the balance sheet, that is, an increase in the value for "property, plant and equipment."
This is the same for the cash flows from financing activities, which are strictly connected to the "liabilities and owners' equity" fields on the balance sheet.…
1. Halpern, Paul; Weston, Fred; Brigham, Eugene. Canadian Managerial Finance. Dryden, Fourth Edition. 1994
4. Business Owner's Toolkit. On the Internet at http://www.toolkit.cch.com/text/P06_7040.asp
In this context, the learning curves followed by the collective of entrepreneurs place that collective of entrepreneurs within the still larger setting of the global marketplace. Taylor and Asheim refer to an economic geography that is more than merely a map of where economic activities take place (Taylor & Asheim, 2001, p. 315). A modern learning organization integrates itself on virtually every conceivable level. Much as its individual members make use consciously and unconsciously of a variety of learning techniques in order to work together as a unit, so too do all of their learning paradigms combine to make them a single, effective player on a larger global stage.
Taylor and Asheim encourage firms to immerse themselves in the concept of economic geography, to complete, as it were, the learning curve, by employing their cognitive abilities vis-a-vis the global marketplace, and so use that marketplace as a source for policies…
Chen, G. (2005). Management Practices and Tools for Enhancing Organizational Learning Capability. SAM Advanced Management Journal, 70(1), 4+.
Chrisman, J.J., Chua, J.H., & Steier, L.P. (2002). The Influence of National Culture and Family Involvement on Entrepreneurial Perceptions and Performance at the State Level. Entrepreneurship: Theory and Practice, 26(4), 113+.
Finally, technology has a strong bearing on the future success of a business. Being able to use technology to our advantage will ensure success. Of each of these external forces, I foresee political and legal forces as having the most potential impact on the success of my business because laws affect licensing, taxation, and product regulation.
Financial information systems help small business owners communicate with the market. Although they require an initial expense, financial information systems will help business owners save money by understanding their market share, offering key data on the market environment, and helping a business owner decide whether or not to expand or diversify. At the initial stages of my business, however, I will rely more on managerial accounting information because my partners and I will rely on internal data to guide our early decisions. Soon after we are established I will rely more on financial information…
Financial Information Systems." Reuters. Retrieved April 19, 2007 at http://about.reuters.com/productinfo/s/financial_information_systems/
Managerial Accounting." Answers.com. Retrieved April 19, 2007 at http://www.answers.com/topic/managerial-accounting
Moreover, FID technology has proven useful in other respects, such as ensuring the proper temperature of frozen and refrigerated goods in transit and even by facilitating the coordination of emergency supplies during disaster responses on the part of the federal government (Gordon, 2006).
In fact, the ability of FID to monitor other variables besides geographical location suggests additional valuable applications such as the incorporation into manufacturing processes. For example, (as in the case of transporting refrigerated goods), temperature can be monitored and adjusted automatically, improving the quality and safety of everything from crucial medical supplies to pop tarts.
Furthermore, potential cost savings provided by FID technology transcend the realm of production and supply chain management. Shippers can monitor compliance on the part of their truckers with speed limits and route restrictions, thereby saving additionally on the cost of insuring their employees and equipment, by virtue of the increased ability that…
Byrne, P.M. (20041). Supply chain RFID: Lessons from a leader; Logistics Management, Vol.43, No. 5, May/04 (31-2).
Byrne, P.M. (20042). RFID: Not just for Wal-Mart anymore; Logistics Management, Vol.43, No. 9, Sep/04 (31-2).
Chatur, a.A. (2006). Driving costs out of the supply chain: Inbound logistics; Infosys.
Gordon, B. (2006). Outsourcing: What's the next big trend? A wave of supply chain governance; Canadian Transportation Logistics, Nov/Dec Vol. 109, No. 11 (75).
The 1988 and later 1992 Supreme Court decision in Cipollone v. Liggett Group, Inc. illustrates the functions and role of law in business and public health. This case relates to the tobacco industry's culpability in promoting smoking through marketing campaigns after knowledge of the detrimental effects of smoking, and in spite of the mandatory Surgeon General Warning labels that had been federally mandated since the 1960s and the Federal Cigarette Labeling and Advertising Act (1965 Act).
In the Cipollone v. Liggett Group, Inc., case, it was ultimately decided that the federal laws trumped state laws that permitted promotion of harmful materials, in this case, cigarettes. What is interesting about this case is that it pertains directly to marketing, rather than to the tobacco companies themselves. Separate litigation, of course, impinged upon the tobacco companies. The Cipollone v. Liggett Group case illustrates several key points. First, the case upholds…
Cipollone v. Liggett Group, Inc. Retrieved online: Cipollone v. Liggett Group, Inc. http://www.law.cornell.edu/supct/html/90-1038.ZS.html
Daily teleconferences with business officers and frequent irregular visits by the same and other business officers will ensure compliance and efficiency standards are being met. Key stakeholders in the factory could eventually include certain business users and clients, and in this event procedures for their own monitoring and inspection of manufacturing processes and conditions can of course be developed and implemented, allowing for a broader range of monitoring goals and entities,
The architecture of the proposed factory must primarily focus on cost-effectiveness and efficiency. Minimizing environmental impact, both in real terms and in aesthetics, must also be taken into consideration. In this latter regard, location can drastically effect architecture and associated costs. Design constraints, also, must be geared towards maximizing efficiency. Clean rooms will be needed for some of the components used in manufacturing, and these areas should be both separate yet easily accessible from the other areas…
In terms of accentuating and strengthening the role of customers in service delivery, Southwest Airlines could also do the following. They could feature an advertising campaign of having the hardest working customers in business by featuring their frequent flyers (many of which are small business owners and would love the exposure) in television and print advertisements, talking about how the customer has made Southwest a part of their approach to doing business. Many small business owners are also the type of consumers who like to see themselves as part of the service delivery process due to their tendency to have high degrees of autonomy. ewarding them with free P would make the customer participation motivation even stronger on the part of Southwest's unique customer base. By taking this approach, Southwest would truly partner with these "customer employees" as well, being reciprocal to the growth of their businesses.
Bitner, M.L., Faranda, W., Hubbert, a., & Zeithaml, V. (1997). Customer contributions and roles in service delivery. International Journal of Service Industry Management, 8(3), 193-205. Retrieved April 1, 2008, from ABI/INFORM Global database. (Document ID: 115926444).
Chowdhary, N., & Prakash, M (2007). Prioritizing service quality dimensions. Managing Service Quality, 17(5), 493-509. Retrieved March 31, 2008, from ABI/INFORM Global database. (Document ID: 1332933181
Dabholkar, P.A. (1996), "Consumer evaluations of new technology-based self-service options: an investigation of alternative models of service quality," International Journal of Research in Marketing, Vol. 13 No. 1, pp. 29-51.
The consequences of even a few dissatisfied customers can be enormous: "Dissatisfied customers turn to competitors; loyal customers spend more, refer new clients, and are less costly to do business with" (Arendt & Harris, 1998, p. 27). The authors point out that because it costs about five times more to gain a new customer than to keep an existing one, and since dissatisfied customers tell at least twice as many friends about bad experiences than they tell about good ones, it is clearly to the small business owner or manager's advantage to seek high levels of customer satisfaction and retention.
According to Gebhardt and Townsend (1990), although the notion that little things can add up to have an enormous positive effect has gained wide acceptance, many companies continue to remain sluggish in their response to the reality that little things can also have an immensely negative impact on a company's…
Arendt, L.A. & Harris, J.H. (1998). Stress Reduction and the Small Business: Increasing Employee and Customer Satisfaction. SAM Advanced Management Journal, 63(1), 27.
Benjamin, S. (1997). Words at work: Business writing in half the time with twice the power. Cambridge, MA: Perseus Books.
Clarke, M.A. (1997). Policies and perceptions of insurance: An introduction to insurance law. Oxford: Oxford University.
Cummins, J.D. & Tennyson, S. (1992). Controlling Automobile Insurance Costs. Journal of Economic Perspectives, 6(2), 96.
It is hard to argue with the legitimacy of that consideration.
Employees have a reasonable expectation of privacy in the workplace, but that right has limits. Employers are not prevented from conducting some hidden surveillance in an employee's office as long as it is for legitimate business concerns. An employer may have sound reasons for monitoring the workplace and an intrusion upon the employee's reasonable privacy expectations may not be actionable under certain circumstances.
The impact of this case is simply that while employees do have a right of privacy at work from the outside world, they don't necessarily have that right from their employers. Employers have the right to defend and maintain their business enterprise and if that entails using hidden cameras or surveillance equipment, then the Court has said that they can do this. The sticking point is that it has to be done if a reasonable manner…
In the wake of scandals such as Enron and others, corporate fraud still appears to be prevalent across the business world. The reasons for this can be many and varied, although greed and a sense of hubris appear to be two of the common role players. In other cases, desperation could also be a factor, where a business is in danger of failing and its owners or managers see little choice but to cheat or sing with the boat. In many of the fraud cases, questions regarding regulation also abound, where regulatory authorities appear to be unable to either identify fraudulent activity or to sufficiently monitor the actions of those involved. This appears to be at least partly the case as far as ussell Wasendorf Sr. is concerned, who recently confessed to have committed fraud as the owner of his brokerage for 20 years Huffstutter and Polansek, 2012).…
Holton, C. (2009). Identifying disgruntled employee systems fraud risk through text mining: A simple solution for a multi-billion dollar problem. Decision Support Systems, Vol. 46. Retrieved from: ftp://188.8.131.52/gyliao/TODylan/Identifying%20disgruntled%20employee%20systems%20fraud%20risk%20through%20text%20mining-%20A%20simple%20solution%20for%20a%20multi-billion%20dollar%20problem.pdf
Huffstutter, P.J. And Polansek, T. (2012, Jul 13). With ego too big to fail, Iowa broker admits 20-year fraud. Reuters. Retrieved from: http://news.yahoo.com/pfgbest-ceo-arrested-iowa-brokerage-fails-181115538 -- sector.html
Johnson, S.A., Ryan, H.E., and Tian, Y.S. (2008, Feb 29). Managerial Incentives and Corporate Fraud: The Sources of Incentives Matter. Retrieved from: http://www2.wu-wien.ac.at/rof/papers/pdf/Johnson-Ryan-Tian_Managerial%20Incentives%20and%20Corporate%20Fraud.pdf
Langevoort, D.C. (2007). On Leaving Corporate Executives "Naked, Homeless and Without Wheels": Corporate Fraud, Equitable Remedies, and the Debate Over Entity vs. Individual Liability. Georgetown Law; The Scholarly Commons. Retrieved from: http://scholarship.law.georgetown.edu/cgi/viewcontent.cgi?article=1453&context=facpub&sei-redir=1&referer=http%3A%2F%2Fscholar.google.co.za%2Fscholar%3Fhl%3Den%26q%3Dcontrols%2Bon%2Bcorporate%2Bfraud%26btnG%3D%26as_sdt%3D1%252C5%26as_sdtp%3D#search=%22controls%20corporate%20fraud%22
Business by Kevin McCarthy is a book that discusses how people can effectively run their business and gain large amounts of profits and sales, without sacrificing the customer's satisfaction over a product or service provided for by a certain business organization or company. The book is actually a set of stories and anecdotes illustrating the various problems and strategies business people often face and use (respectively), and most of these stories give the readers a view of what it is like to be involved in business organization dilemmas, and how people running their own business or managing a company/business organization gets confused over what the "direction" and "focus" of their company would be, and McCarthy provides the readers suggested explanations to these problems, suggestions that are implicitly found in the stories of the book.
The book started with a story entitled, "The Interview," wherein the author quotes Bill O'Brien, former…
service industry. Some companies do strictly line clearance while other tree service companies only do residential or commercial work. Line clearance companies, such as Asplunhd, the largest line clearance company in the world, use bucket trucks and climbing crews to work with the electric companies to make sure tree limbs are far enough away from the electric lines. (ISA leader board for 1999, Arborist News Magazine article on the ISA website) allard tree service is one of the largest residential tree services in the country, removing and trimming trees for customers at their homes or businesses. (ISA leader board for 1999, ISA website) They also use bucket trucks and climbing crews, but there work mainly consists of removing limbs over roofs, not electric lines.
If a person were to start a tree trimming service, investment would very easy if the person wanted to start a residential company. To begin, all…
1. ISA publication, Arborist News, ISA Leader Board for 1998 (January, 1999) Issue 19, Volume 1
2. ISA publication, Arborist News, ISA Leader Board for 1998 (January, 1999) Issue 19, Volume 1
3. Sherry Brown Insurance Estimate log, retrieved from the world wide web at http://www.heckerbrown.com/practiceareas.htm
4. ISA Certification Guide, 3rd Edition, 2000. Publisher: ISA Publications, Hertfern Press, Chapter 4, pg 128-129
e-Business should focus on marketing through social networks and a website; through identifying potential suppliers. e can't sell food and drink online so the site is mainly for promotional purposes. The cafe's main metrics will be page impressions, Facebook fans, Twitter followers. Reaching out to customers using social media can help to inform them about promotions and new products. Social media is also the modern-day equivalent of knowing all of your customers by name (though that would not hurt either) as it helps to foster a relationship allowing for improved retention. A portal is not of much value for the employees. At best, they can check the schedule online. e don't have that many people working at Broadway, an expensive back end system for staff we see everyday is poor value. I would not use kiosks in the cafe. I would focus on a ifi network and let the customers…
QuickMBA. (2007). Porter's five forces. QuickMBA.com. Retrieved April 27, 2010 from http://www.quickmba.com/strategy/porter.shtml
QuickMBA. (2007). Porter's generic strategies. QuickMBA.com. Retrieved April 27, 2010 from http://www.quickmba.com/strategy/generic.shtml
The market analysis is provided in Table 2.
Table 2: Market Analysis
The company will also use different market strategy to achieve its business goals. Ivy Discover will run a very attractive advertising banner on different websites, which are constantly being visited by target customers, and the business will use several different form of promotion to attract potential customers. The promotion strategy will include discounted package deal. The sale process will include several criteria such as product presentation, relationship building, customer requirements, or needs. The company will build technical products that…
Chaffey, D. (2002) E-business and e-commerce management. Financial Times/Prentice Hall. Harlow, UK.
Cote, L. Vezina, M.and Sabourin, V.(2005). The Strategic Management Process in E-Business. Ivey Business Journal.
Kooten, M. (2009).Software Industry Defies Economic Crisis. Top 100 Research Foundation.
Chantrill, C. (2012). U.S. Real GDP Chart. Government Spending.USA.
The most difficult task for individuals starting business is raising the initial capital required to kick-start the business. A budding entrepreneur may have the necessary ideas about starting a successful business empire but without initial investment, the idea may as well be dead and gone. For this reason, this report outlines several sources of finance a business can source from, their implications, cost as well as appropriateness. These sources include venture capital, bank loans, friends and family, savings and credit cards among others.
Risk of Loss
Friends & Family
Usually good rate or none
Flexible, best value
Can create friction
Home Mortgages - Traditional or Seconds
8-14% on equity loans
Very long and flexible
80-100% + of home equity value
Cheapest, longest term
Your house is at risk in the event of non-payment
Businesses in the modern business environment are increasingly faced with the need to develop effective strategies in order to improve their competitive advantage and increase revenue. As a result, businesses are increasingly forming strategic partnerships or alliances with other entities for several reasons. Strategic alliances between various businesses are mainly geared towards exchanging or publishing information, conducting joint trade shows or meetings, providing education and training programs, sale of products and services, and monitoring policy issues. Generally, strategic alliances take various forms depending on the nature of business, business objectives, and products, services or resources. Moreover, the nature of these alliances is largely influenced by conditions in the local market such as competition in the market.
As previously mentioned, business entities form strategic alliances with other for-profit entities for several reasons including distribution of products and/or services to a specific target of customers, joint development of products and…
Ahmad, S. (2014, July). Technology in Organizations. International Journal of Research in Business Management, 2(7), 73-80.
"Benefits of Strategic Alliances and Partnerships." (n.d.). ASAE: The Center for Association Leadership. Retrieved August 18, 2015, from http://www.asaecenter.org/AboutUs/content.cfm?ItemNumber=137633
Caldwell, C. (2012, October 3). Human Risk: Are Employees the Weakest Security Link? Retrieved August 18, 2015, from http://www.itbusinessedge.com/guest-opinions/human-risk-are-employees-the-weakest-security-link.html
Motis, J. (2007, February). Mergers and Acquisitions Motives. Retrieved August 18, 2015, from http://economics.soc.uoc.gr/wpa/docs/paper2mottis.pdf
Social media forces those who use traditional marketing and advertising to re-evaluate their business models and techniques.
Despite such rave reviews regarding the use of social networking as a marketing platform, many companies have not readjusted their strategies to incorporate such elements into their execution of marketing techniques. his means missed opportunities and cost savings. Even worse, many SMEs are continuing to spend too much money on the execution of traditional advertising, which is essentially limiting their ability to compete with larger businesses. his creates a situation where marketentry barriers are high, as are the potential failure rates for many new start-ups and small businesses around the country.
Viral marketing affects customers' brand consciousness, information purchase behavior, purchase actions, postpurchase conversations, and assessments (Mangold & Faulds, 2009; Palka, Pousttchi, & Wiedemann, 2009). he use of social media is not devoid of issues, not least of which is that it allows…
The AMA defines traditional marketing, " as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large (Pride & Ferrell, 2011, p.4) Limitation and Delimitation
The primary limitation of this study concerns its strict reliance on secondary resources. In this regard, Dennis & Harris (20o2) pointed out, "Finding the information needed to answer a particular research question from secondary data avoids the need to spend time and money on primary research, but the likelihood of an ideal match is remote" (p. 39). Notwithstanding this sole limitation, the study's design and research question were deemed viable.
The advantages of social networking are located in the capability of companies to communicate with clients as observed by the anticipation of the drive in the direction of consumer value or relationship marketing (Ravald & Gronroos, 1996; Woodruff, 1997). To increase their capability of understanding the advantages that come from social networking, organizations will have to plan ways to create connections that strengthen consumer commitment (Ravald & Gronroos, 1996). This involves an awareness of the difficulties and outcomes of utilizing cellular social networking to guide as well as to inform strategic planning. As the growth and development of e-business has motivated more managerial competence in SMEs' planning as well as in the implementation of it, the actual strategizing capabilities of SMEs continue to be proportionally lower in comparison with that of bigger companies (Dyerson, Harindranath, & Barnes, 2009). E-business endeavors are not usually viewed as strategically practical or desirable in spite of their effective utilization of the Internet for elementary tasks such as e-mail
137). Across the board, then, technological innovations will not only be a key driver of business in the coming decade, they will also facilitate the effects of the other key drivers of business discussed herein. For instance, the editors of World Economic Outlook (2002) point out that, "More trade integration is usually associated with more international financial integration, as they respond to many of the same technological and policy factors" (Trade and financial integration, p. 108). As the current fourth generation technologies are replaced by fifth and sixth generation technologies, these trends will likely become even more accelerated over the next 10 years. As Wiedmann and his associates point out, "Up-and-coming technologies like radio frequency identification and future trends like ubiquitous computing, ambient intelligence, and the connected (smart) home scenario have gained special attention in both research and business practice" (p. 137).
This paper provided a review of the…
Beder, S. (2009). 'Neoliberalism and the Global Financial Crisis.' Social Alternatives, vol. 28,
no. 1, pp. 17-19.
Boer-Ashworth, E.D. (2000). The Global Political Economy and post-1989 Change: The Place
of the Central European Transition. Houndmills: Macmillan.
.....entrepreneur one must endure multiple hardships. These hardships define people as leaders or failures. Women in the last few decades have amidst gender inequality, started businesses. This had led to a major growth in the number of women entrepreneurs in a predominantly male-dominated area. However, while women entrepreneurship has written, the persistent inequalities and continued views of women have led to the assumption that entrepreneurship may still be gendered. Meaning, society views only men as the main bread winners and capable of being effective leaders that entrepreneurs are defined as. This paper supports this assumption and will provide evidence of gendered entrepreneurship as well as literature that goes against such notion, demonstrating the potential for the gender gap to narrow in the future.
To first understand the potential of gendered entrepreneurship, one must first define it. Gendered entrepreneurship is a hypothesis considering entrepreneurship to have gendered patterns. The UK was…
If the dignity of work is to be protected, then the basic rights of workers must be respected -- the right to productive work, to decent and fair wages, to the organization and joining of unions, to private property, and to economic initiative (Themes of Catholic Social Teaching)."
As it relates to the Christian business, this principle should encourage business owners to pay their employees a living wage. A living wage guarantees that an individual will be able to afford the basic necessities in life (i.e. food, clothing, shelter).
The living wage varies depending on the location but many jobs in America do not pay workers a living wage even when they have been working there for a substantial amount of time. As an aspect of business ethics, Christian business owners should evaluate the amount of pay that workers receive and make certain that it is a living wage. Paying…
Themes of Catholic Social Teaching. United States Conference of Catholic Bishops. Retrieved April 4, from; http://www.usccb.org/sdwp/projects/socialteaching/excerpt.htm
Vickers Mark R. (2005) Business Ethics and the HR Role: Past, Present, and Future. Human Resource Planning. Volume: 28 (1), p.26.
Despite the fact that extreme poverty exists in many areas, Mexico's rising middle class is increasingly seeking out the trappings of American success. "The middle class in Mexico includes 39.2% (44 million people) of the country's total population. Mexico's middle class increased 11.4% during between 2000 and 2010" and these consumers are seeking out cellular phones and flat screen TVs in record numbers (Flannery 2013). Unfortunately, an increasingly affluent culture has brought forth one of the problems of industrialized prosperity, namely a rise in obesity. To take advantage of this concern, one possible product to market to the population coping with more sedentary jobs and a taste for highly caloric foods is that of gym memberships. Introducing a chain of low-cost gyms modeled on popular chains such as WOW and Planet Fitness, particularly in cities with high concentrations of white collar office workers would be an ideal way to…
Theory X and Theory Y (2015). Mind Tools. Retrieved from:
CADWAE: Case Study
Did CADWAE have genuine BFOQs (Bona Fide Occupational Job Qualifications) in its ad?
Do not forget to review the company's slogan as given in the above facts.
Be sure to discuss Petunia's point-of-view as well as CADWAE's position and defenses.
Use legal authority to support your position as well.
In general, it is illegal to discriminate against a job applicant based upon characteristics pertaining to "race, religion, gender, national origin, age or other protected status" ("BFOQ," 2015). However, in certain limited circumstances, if an employer can demonstrate that "no member of the group" he or she is discriminating against could perform the job, he or she may do so, under an exception known as Bona Fide Occupational Job Qualifications ("BFOQ," 2015). For example, airlines may have mandatory retirement ages for pilots because of safety concerns; religious institutions may favor candidates of a particular religion; and modeling and…
Moseley v. V Secret Catalogue, Inc. (2002). Retrieved from:
Mote, S. (2014). Trademark considerations in choosing a business name. KC Sourcelink.
Retrieved from: http://www.kcsourcelink.com/blog/blog/2014/03/31/trademark-considerations-in-choosing-a-business-name
Corporation business structures
Preference of Corporation Business Structure Over Other Known Structures
In this paper, we will choose the corporation business structure as an ideal choice for the firm McDonalds in order to carry out its operations. We will define the merits which a multinational firm like McDonalds can take advantage of if because of this structure, also we will have an in-depth look on other structures such as sole proprietorship and partnership and focus on their strengths and weaknesses.
eview of Sole Proprietorship and Partnership
Let's review the structure of sole proprietorship first, it is regarded as one of the least expensive and easiest way to start any business as compared to corporative and partnership structure. Here the overall business as well as the business owner is viewed legally as a same entity. This however has its own disadvantages which in our chosen case of McDonalds could…
Swann, P. (1993). Corporate Vision and Rapid Technological Change. New York: Routledge.
Vietnamese Entrepreneurship (1975-013)
Microbusinesses form a large share of the economy of Vietnam. Owned by self-employed entrepreneurs, they create employment and provide income for millions. Although the density of vendors, boutiques, and other small shops in any Vietnamese city or town is impressive, such activities were banned by authorities until the end of the 1980s.
Communist rulers have long believed that private businesses had no place in the socialist economy. This policy had been implemented in North Vietnam after French colonialism came to an end in 1954. Following the fall of South Vietnam and the reunification of the country in 1975 and 1976, it was also applied to the South. It proved to be a significant failure. In 1979, the government began to realize that its policies were leading the nation toward complete collapse. (Freeman, 1996) A short war with China, ignited by Vietnam's liberation of Cambodia, resulted in economic…
2.2 Entrepreneurship in developing countries
2.2.1 Entrepreneurial challenges in developing countries
"Entrepreneurship in emerging markets is distinctive from that practiced in more developed countries." (Lingelbach, Vina, and Asel, 2005) These scholars found that the opportunities in emerging markets are often outweighed by the "economic, political [,] and regulatory uncertainty." Managing that uncertainty requires a different entrepreneurial and managerial attitude. Dealing with such concerns forces entrepreneurs in developing countries to spend time
Enfant is a children's clothing boutique in Park Slope, Brooklyn. The business model is to bring in unique lines of children's clothing, sourced from around the world if need be. Unique items, coupled with a focus on customer relationship management and social media promotion form the differentiation strategy. The target market is fairly wealthy, educated and stylish. They are willing to spend on their children's clothing as they see their children as reflections of their own style.
The shop will lose some money in the first year, but will be profitable in subsequent years, and be able to pay the proprietor a salary. The proprietor is 30% owner, with the uncle as a silent partner who contributes all of the capital in exchange for a 70% cut.
The clothing will be high end, not made in sweatshops, stylish in design and unique to the store in most cases.…
NetMBA (2010). Pricing strategy. NetMBA.com. Retrieved November 13, 2015 from http://www.netmba.com/marketing/pricing/
Statista (2015). Leading U.S. retail stores by segment in 2012, based on highest sales per square foot. Statista. Retrieved November 13, 2015 from http://www.statista.com/statistics/247319/us-retail-stores-by-segment-based-on-highest-sales-per-square-foot/
Property Shark.com (2010). Retail space on Flatbush Avenue in Brooklyn. PropertyShark.com. Retrieved November 13, 2015 from http://www.propertyshark.com/mason/text/infopages/Retail-Space-Flatbush-Avenue-Brooklyn.html
Investopedia (2015). Restrictive covenant. Investopedia. Retrieved November 13, 2015 from http://www.investopedia.com/terms/r/restrictive-covenant.asp
Business Plan for a Financial Divorce Software
Business Plan Divorce Software
Business Plan relating to the Sales of a new Financial Divorce Software.
Business Plan relating to the Sales of a new Financial Divorce Software
Keys to Success
Legal Form of Ownership
Location and Facilities
Products and Service
Ps of Marketing
Financial Statements and Projections
evenue and Cost Estimate
Forecasted Profit and Loss Statement
Forecasted Balance Sheet
Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…
Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from
Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall
Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society
Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
Business Plan -- ocky Mountain Sports Fishing, LLC
Definition of the Market
ecreational fishing is a multi-billion dollar industry in the United States, both for salt and freshwater. Conservative estimates show that there are upwards of 30 million individuals with more than a 1-2 time/annum interest in the sport. This has an overall impact on the economy of $125 billion (Williamson, 2012). Consumer demographics show that it is primarily a male oriented event. Mobility and technology have improved the sport in the last two decades, as well as maps, surveys, and handheld sonar and GPS devices. For this reason, as an organized sport, it is chiefly an upper middle and above income sport that also may require several thousand dollars in travel expense. There are even contests for ice and sport ice fishing in the U.S. And Canada.
Sport fishing is…
Hummel, R. (1994). Hunting and Fishing for Sport: Commerce, Controversy, Popular Culture. Bowling Green, OH: Bowling Green State University.
Kotelnikov, V. (2001, January). Customer's Perspective of Quality. Retrieved from E-Coach: http://www.100ventures.com/business_ guide / corsscuttings / bizsys_customer.html
Skorupa, J. (1991, September). Eco-Tourism Arrives. Popular Mechanics, p. 92.
Turban, E. (2002). Electronic Commerce: A Managerial Perspective. New York: Prentice Hall.
Business Database Technology
The focus of this project is to design a database program for a company called Home Sweet Home that specializes in the management of properties on behalf of owners. The company offers a complete rental service for customers willing to rent furnished properties. The services delivered by the Home Sweet Home include advertising of properties in then local and national press. The company also carries out the interview and organize visit to prospective renters as well as negotiating the lease agreement. Once a customer rent a property, the company assumes the responsibilities of carrying out the regular property inspection.
Entities are the object used to track the database, and each entity is stored in the database. The entity assists in designing the ED (entity relation diagram). This paper identifies the entities that need to be used in the database design for the Home Sweet Home. The…
Hoffer, J.A. Ramesh, V. & Hiekki Topi, H.(2012). Modern Database Management (10th Edition) . Prentice Hall.USA.
The business that I am going to start is a small coffee microroastery and shop. The company will perform two basic functions. The first is a product function, the roasting of coffee beans. Green beans will be received by the company, roasted, and then both used in the shop and made available for a variety of retail channels. The second function will be a service function, based on the production and serving of beverages and light snacks. The staffing plan will be simple. The owner/manager/roaster will perform most of the management tasks associated with the shop. There will be an assistant manager who doubles with barista duties, as well as 4-6 part-time staff members, filling 3 FTEs in the barista/service function. This plan is based on experiences at other, similar operations, in addition to meeting a few other needs. One is the need to keep costs down, and…
Inc. (2000). Cash vs. accrual accounting. Inc. Magazine. Retrieved November 13, 2012 from http://www.inc.com/articles/2000/04/19194.html
IRS.gov (2012). Limited liability company (LLC). Internal Revenue Service. Retrieved November 13, 2012 from http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Limited-Liability-Company-%28LLC%29
KPMG. (1999). Internal control: A practical guide. KPMG. Retrieved November 13, 2012 from www.ecgi.org/codes/documents/kpmg_internal_control_practical_guide.pdf
Perez, W. (2012). Types of business organization. About.com. Retrieved November 13, 2012 from http://taxes.about.com/od/taxplanning/a/incorporating_2.htm