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 a certain…...
mlaSources
the Business Owner's Toolkit
GovWin Network Government Procurement Process
pm student.com Contract type: Here's the best one… http://pmstudent.com/contract-type-heres-the-best-one/http://govwin.com/knowledge/procurement-process
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 the gross profit…...
mlaReferences:
2010, Financial ratios, Net MBA,
Small Business Owner: Financial atios
Understanding concepts
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
Debt ratios: debt ratio, debt to…...
mlaReferences:
Cooper, J., 2011, How to calculate financial ratios for your small business, Mimosa Planet, accessed on August 21, 2012http://mimosaplanet.com/Small-Business-Blog/bid/62950/How-to-Calculate-Financial-Ratios-for-Your-Small-Business.htmllast
2010, Financial ratios, Net MBA, / last accessed on August 21, 2012http://www.netmba.com/finance/financial/ratios
2012, Beta risk, Investopedia, last accessed on August 21, 2012http://www.investopedia.com/terms/b/beta-risk.asp#axzz24AKreBy1
Systematic and unsystematic risk, Nerimanhb, accessed on August 21, 2012http://narimanhb.com/2010/08/18/systematic-unsystematic-risknon-diversifiable-and-diversifiable-risk/last
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.
Microeconomics
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 fundamental questions of…...
mlaReferences:
Adams, B., 2007, McDonald's strange menu around the world, Trifter, / last accessed on January 16, 2012http://trifter.com/practical-travel/budget-travel/mcdonald%E2%80%99s-strange-menu-around-the-world
Royle, T., 2000, Working for McDonald's in Europe: the unequal struggle, Routledge
Website of the McDonald's Corporation, last accessed on January 16, 2012http://www.mcdonalds.com
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
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 cost
Similar to the marginal revenue, the marginal cost also refers…...
mlaReferences:
Marginal revenue, Economics. Fundamental Finance, last accessed on July 29, 2011http://economics.fundamentalfinance.com/micro_revenue.php
Marginal cost (MC), EconModel, last accessed on July 29, 2011http://www.econmodel.com/classic/terms/mc.htm
Profit, Investopedia, last accessed on July 29, 2011http://www.investopedia.com/terms/p/profit.asp
Profit maximization, Investor Words, last accessed on July 29, 2011http://www.investorwords.com/7690/profit_maximization.html
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…...
mlaReferences
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
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 the system?
The…...
mlaReferences
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 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,…...
mlaReferences
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.
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…...
mlaReferences
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.
ibliography
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...
mlaBibliography
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
Business Plan
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 indulgences are small,…...
mlaReferences
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 business arrangments…...
mlaReferences
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:
http://www.crosswalk.com/family/finances/the-christian-taxpayer-11535847.html
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
Business owner/operator
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
Infrastructure
Key Activities:
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
Key esources:
"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
Partner Network:
Chamber of Commerce, Westminster
Mixed Martial Arts Association (MMAFA)
International Mixed Martial Arts Association (IMMA)
Offering
Value Propositions:
Combative Fighting Systems provides optimal training experiences in order to develop optimal self-defense and fighting capabilities in the men, women, and…...
mlaReferences
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
Business Failure
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 businesses is…...
mlaReferences
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
Business
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' income, tax returns…...
When most people think about the impact of the COVID-19 pandemic on economics, they think of it as being purely destructive. While there can be no doubt that the COVID-19 pandemic has created economic uncertainty in many sectors, leading to a loss of production and high unemployment rates in many areas, it cannot be ignored that the pandemic has also led to new opportunities for certain businesses. Understanding those opportunities may be critical to the overall recovery of the global economy, as those industries that have experienced gains determine how to leverage them in a way that....
Some key factors to consider before starting a new business venture include:
1. Market research: It is important to thoroughly research the market to understand the needs, preferences, and trends of your target customers. This will help you identify opportunities and potential competitors.
2. Business plan: Creating a detailed business plan is essential for outlining your goals, strategies, financial projections, and operational plans. It will also help you secure funding and attract potential investors.
3. Financial planning: Consider the costs of starting and running your business, including initial investment, operational expenses, salaries, and marketing costs. Determine how you will fund the business and....
Key Factors for Small Businesses Choosing Insurance Coverage
Protecting assets and mitigating risks is paramount for small businesses. Understanding the key factors involved in choosing the right insurance coverage can empower business owners to make informed decisions and safeguard their ventures.
1. Business Size and Industry:
The nature and scale of a business influence its insurance needs. Smaller businesses with fewer employees and lower revenue may opt for more basic coverage, while larger businesses with complex operations require more comprehensive policies. Industry-specific risks also impact insurance requirements. For instance, a construction company needs specialized insurance for managing construction hazards.
2. Assets and Liabilities:
Thoroughly inventory....
1. A Statistical Hook: "Did you know that companies that implement effective essay hooks in their business marketing strategies experience an average of 25% increase in lead generation?"
2. An Anecdotal Hook: "In 2019, a small business owner named Sarah used a captivating essay hook in her email campaign, resulting in a 30% surge in website traffic."
3. A Question Hook: "Are you tired of crafting boring and ineffective marketing materials? Discover how powerful essay hooks can transform your business marketing strategies."
4. A Provocative Hook: "Attention all marketers: The secret to capturing your audience's attention lies in the art of crafting powerful....
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