Business Plan: Bar and Grill Featuring Healthy Alternatives (e.g., Smoothies, Juices, Alcoholic Beverages) in the San Joaquin County, CaliforniaFueled by rising rates of chronic diseases, food sensitivities, and ethically minded young consumers, the health food and beverage industry has rapidly expanded in recent years as growing numbers of Americans prioritize natural, organic, sustainably sourced ingredients for their home cooking and eating out. In fact, healthy food and beverage alternatives including most especially fruit and vegetable juices are projected to continue substantial yearly growth through mid-century, reflecting this surging public demand for less processed, specialized diet alternatives, even at premium prices. To capitalize on these trends, the purpose of this paper is to finalize the selection of a sole proprietorship which is described further below.Identify a business type that is of interestWith more than 800,000 residents in its region (San Joaquin County, California demographics, 2023), the San Joaquin County in California…...
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ReferencesBalazs, C. L., & Ray, I. (2018). The Drinking Water Disparities Framework: On the Origins and Persistence of Inequities in Exposure. American Journal of Public Health, 104(4), 603–611.Licensing. (2023). San Joaquin County Treasurer-Tax Collector. Retrieved from sjgov.org/department/ttc/tax/unsecured-taxes/licensing.San Joaquin County, California demographics. (2023). U.S. Census Bureau. Retrieved from census.gov/quickfacts/sanjoaquincountycalifornia.San Joaquin County profile. (2023). San Joaquin Employment Development Department. Retrieved from https://labormarketinfo.edd.ca.gov/geography/sanjoaquin-county.html#:~:text=San%20Joaquin%20County%20Profile,has%20cultivated%20extensive%20transportation%20facilities .Sole proprietorship. (2023). State of California Franchise Tax Board. Retrieved from ftb.ca.gov/file/business/types/sole-proprietorship.html .Appendix AMap of San Joaquin Valley, California [Source: google.com/maps/]https://www.
Knowledge Integration Project
1A) Business owners must take a number of different factors into account when determining the form of business. They have to consider the sources and types of risk that the business takes, if there will be employees, and considerations about raising capital or splitting ownership, which can be quite a complex issue depending on the business. In addition, whether there will be any employees matters. Each jurisdiction has its particular issues, so where the business is situated might be a role in the decision. Certainly, the tax implications of the decision are going to be relevant. In some cases, the cost and ease of setting the entity up might matter -- though such costs can easily be outweighed by liability risks for most businesses.
1B) A sole proprietorship is easy to start, which is its main advantage. Because of that it is mainly a suitable form for someone in…...
Legal Structure of Business
For a McDonalds franchisee, there are three options. The franchise can be operated as a sole proprietorship, a partnership, or a corporation. The real issue is not that there are options, but which option should be chosen. It is not always possible to make that determination easily, since there are many factors that have to be considered in each choice. A sole proprietorship is operated by one person. That person is solely responsible for the business, and there is no complex legal structure. That person can reap all the profits and rewards, but he or she also shoulders all the liability for any lawsuits or other issues that might go wrong. In a partnership, the profits and the liabilities are shared between two people. There can be some adjustment as to which person is "more" responsible for specific issues, or it can be a completely 50-50 split…...
Business Structures
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 result in many risks for…...
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References
Swann, P. (1993). Corporate Vision and Rapid Technological Change. New York: Routledge.
Yet, financial statements and managerial accounting reports can be highly effective nonetheless. Sometimes they will merely confirm what the proprietor already knows, but there are inevitably going to be times when they will reveal that the proprietor's assumptions about the nature of the business are false. Moreover, accounting can act as essentially a second opinion. The proprietor may feel one thing is true, but the numbers can reveal something different.
Overall, accounting is an essential component of any business. Sole proprietorships often make less use of accounting, in part because the law does not obligate them to engage in any more than the most rudimentary accounting. However, proprietors should not overlook the value of accounting. Accounting helps to reveal the business' past performance, but can also be used to enact organizational controls today and to help plant for more effective operations in the future. By understanding the firm's cost structure…...
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Works Cited
Marshall, David H.; McManus, Wayne W & Viele, Daniel F. (2008). Accounting - What the Numbers Mean. McGraw-Hill/Irwin, New York, 2008.
And in these credit-strapped times, he "may be at a disadvantage in raising funds" as sole proprietors cannot issue bonds or sell shares of stock -- they are "often limited to using funds from personal savings or consumer loans" (Sole proprietorship, 2009, Residual Rewards).
Even in terms of his tax returns, the law does not always favor sole proprietorships: some employee benefits such as owner's medical insurance premiums are not directly deductible from business income and are "only partially deductible as an adjustment to income" (Sole proprietorship, 2009, Residual Rewards). There are also different rates of taxation for the two entity types: "a corporation pays 15% federal income tax on taxable income up to $50,000; 25% tax on income from $50,001 - $75,000; 34% tax on income from $75,001 - $100,000; 39% tax on income from $100,001 - $335,000; and 34% tax on income over $335,000" while a married sole…...
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Works Cited
Sole proprietorship vs. partnership vs. limited liability company (LLC) vs. corporation vs.
person gives another person some property for safekeeping, that results in a bailment (Sullivan & Sheffrin, 2003). The bailor transfers the property to the bailee, and physical possession of the property must be taken for this legal relationship to occur. This is a common law relationship, and is not a gift or a contract for sale (Sullivan & Sheffrin, 2003). In other words, the bailor is not giving the item away on a permanent basis, and he or she is also not selling the item to the bailee. The only thing that takes place is the transfer of property on a temporary basis (Sullivan & Sheffrin, 2003). The bailment takes place when the bailee both intends to possess and actually possesses the property. Another important aspect of the bailment is that the bailee generally is only allowed to hold the property. He or she does not have any use…...
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References
34 Am. Jur. 2d Federal Taxation 16762 Section 467
Berger, Allen N.; Cummins, J. David; Weiss, Mary A. (October 1997). "The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance." Journal of Business, 70(4): 515 -- 46.
Coggs v. Bernard, 92 Eng. Rep. 107 (K.B. 1704).
Franklin, J., 2001, The Science of Conjecture: Evidence and Probability Before Pascal, Baltimore: Johns Hopkins University Press, 259.
Finance is the life blood of every business as all types of businesses need money at every stage of their operation. It is of vital importance particularly for the modern businesses which require huge capitals. Finance is actually the determinant of the firm formation and it not only influences the ability of any firm to enter in the market but also affects its performance after the entry. Empirical studies have shown that sufficient size of initial capital play an important role in boosting the ability of the new firms to survive in the market (Bruderl et al. 1992, p.227), make higher profits and expand further (Bamford et al. 1999, p.253).
Now, the question is that how can businessmen and entrepreneurs gather these huge amounts of money? Do they have enough money that they can do business with their own money; which is obviously difficult in…...
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References
Bamford, C.E., Dean, T.J. And McDougall P.P 1999, "An examination of the impact of initial founding conditions and decisions upon the performance of new bank start-ups." Journal of Business Venturing 15: 253 -- 277.
Bruderl, J. Preisenorfer, P. & Ziegler, R 1992, "The survival chances of newly founded business
Organizations," American Sociological Review, 57: 227-242.
Ethics in Management
The Moral rights of stockholders and shareholders
Whilst considering the moral rights of stockholders and stakeholders, it is worthwhile to point out the views of Karl Marx. He classified the economic world into 2 classes, those who owned and hired and those who got hired and sold their time and services. In the capitalist free market economy, the former class gets richer and reduces in number while the later gets poorer and expands in number. In the free market economy, the owners are the investors; people who invest their money and allow inflow of capital in the organization. With regards to a corporate entity, the owners are the stockholders; similarly, with regards to a small business, the owner is classified as proprietor; and where more than one business owner exist, the owners are classified as partners (Narveson, 1998).
He emphasized the role of the community as being the owner of…...
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References
Dharwadkar, R., George, G., & Brandes, P. (2000). Privatization in emerging economies: An agency theory perspective. Academy of Management Review, 25(3), 650-669.
Narveson, J. (1998). Ethics in the Business and Professional Life: Prepared for Philosophy 215: Business and Professional Ethics.
Rajagopalan, N., and Zhang, Y. (2008). Corporate governance reforms in China and India: Challenges and opportunities. Business Horizons: 51,55 -- 64.
The control is exercised by at regular board of directors' and annual stockholders' meetings. Records have to be kept to document decisions that are made by the board of directors. In small, closely held corporations operations are more informal, but record-keeping is not eliminated entirely. Officers of a corporation can be liable to stockholders for improper actions. Liability is generally limited to stock ownership, except where fraud is involved (ibid).
The most important attribute of a corporation is that shareholders in the company are not liable for corporate debts. This is the probably the most important attribute of a corporation. In contrast, in a sole proprietorship or a partnership, the owners are personally responsible for all of the business debts. If the assets found in the sole proprietorship or partnership are not adequate to satisfy the debt, creditors can go after each owner's personal assets, such as their bank account,…...
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Works Cited
Gerstein, J. "What Are the Advantages and Disadvantages of Sole Proprietorship, Partnership and Corporation." 247advisor.com. 24/7 Advisor, n.d. Web. 20 Oct 2011.
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"Incorporation." Legalzoom.com. Legalzoom, 2011. Web. 20 Oct 2011.
com, p.2). But unlike a corporation, which has many investor-owners in the form of shareholders, an LLC is not considered separate from its owners for tax purposes and thus the owner is not taxed twice, upon his earnings as an individual and what he or she earns from the LLC. In contrast, a corporation is considered a fictive person under U.S. law ("LLC," 2007, Nolo.com, p.2). Also, shareholders have control over the operations of the corporation, while the owners of the LLC have as much control over the business as a sole proprietor.
hat is all this about the different things that determines cash flow?
Cash flow, quite simply, is how much money goes in and goes out of the organization. Cash flow 'out' includes wages, expenditures on equipment, supplies, and maintenance, and must be tracked on a monthly basis. Also, cash flow may vary from year to year and season to…...
Dick and Mac McDonald opened their first restaurant in 1940 in San ernadino, California. These men were among the first to introduce the concept of "fast food," and made dining fun for children. McDonald's went on to enjoy over 60 years of growth, which has only tapered in the last year due to a failure to expand successfully into places such as olivia. Despite these recent setbacks, it is notable that only the third world could thwart McDonald's is a testament to its brand name and its revenue model. There are currently over 28 thousand McDonald's Restaurants in over 120 countries. McDonald's global sales in 2000 were over 40 billion, and the company could boast 16 billion customers that year.
McDonald's success didn't occur in an incremental, measured fashion. The company only really took off in 1954 when a mixer salesman, Ray Kroc, discovered the operation and found a way to…...
To run a business profitably, especially in the modern times where business is dome at the speed of thought, achieving business stability and growth can be made possible by setting goals that have to be achieved and using the proper tools and methods. (Elkin, 1998) Enhancing the business can be achieved by reaching the predetermined point where the investments match the output and there is a situation where the investment has begun paying. This point is called the break even point. In every business there is a great element of risk. A business becomes successful only when the risks are minimized. isks cannot altogether be eliminated but can be minimized. This is done by structuring the credit risk and adjusting the spending and other influential patterns of the entity. (Culp, 2001)
Sometimes the very core of the business need be redefined to achieve the objective of making profits. Strategic redefinition…...
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References
Culp, Christopher L. (2001) "The Risk Management Process: Business Strategy and Tactics."
Wiley. New York.
Elkin, Paul. (1998) "Mastering Business Planning and Strategy: The Power of Strategic
Workers With in Small Firms
Chapter I outlines the problems this research aims to address, namely an information gap that may, if filled, enhance employment for potential and existing workers with disabilities. This chapter defines the problem background, purpose of research, theoretical framework through which conclusions will be drawn from survey data gathered in the field, the research questions the survey instrument seeks to answer, the definition of terms those questions employ and limits and delimitations of the intended research. Once those parameters are outlined, the claim this argument attempts to support, that closing a gap in information describing satisfaction and productivity for workers with disability in small firms below conventional definitions of 500 workers or less may improve employment for a historically marginalized population, leads to conclusions that thus inform the subsequent methodological and analytical chapters.
Problem Background: The Uncashed 'Triple Paycheck'
Title I of the Americans with Disabilities Act (ADA) bans…...
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References With Prospectus (toward inclusion in Literature Review chapter)
Day, N.E. And Greene, P.G. (2008). A case for sexual orientation diversity management in small and large organizations. Human Resource Management 47(3): 637 -- 654. Retrieved from DOI: 10.1002/hrm.20235
Deveau, J.L. (2011). Workplace accommodation and audit-based evaluation process for compliance with the employment equity act: Inclusionary practices that exclude -- an institutional ethnography. Canadian Journal of Sociology/Cahiers canadiens de sociologie 36(3), 151-172. Retrieved from ejournals.library.ualberta.ca/index.php/CJS/article/view/10479
Erickson, W., Lee, C., von Schrader, S. (2011). Disability Statistics from the 2009 American
Community Survey (ACS). Ithaca, NY: Cornell University Rehabilitation Research and Training Center on Disability Demographics and Statistics (StatsRRTC). Retrieved Jun 11, 2012 from www.disabilitystatistics.org
According to Sachdeva, Mittal and Solanki (2009), technological solutions are vitally important for aggregating and using relevant human resource management information for performance and compensation decisions. These authors note that, "Human resource information systems are extremely important for acquiring, maintaining, utilizing and deriving human resources pertinent information. They are essential to make speedy and useful employee related decisions" (Sachdeva et al., 2009, p. 43). The specific attributes and techniques that are typically used by human resource practitioners for these purposes are discussed further below.
Performance Management Systems
Performance management systems represent powerful tools for H managers by providing:
1. Better insight into individual performance for informed decisions;
2. Improved ability to manage goals and change direction; and,
3. Ability to tighten the reins so everyone remains on track (Managing employee performance, 2009, p. 6).
The studies to date have confirmed that organizations that employ performance management applications enjoy increased operating income growth, a…...
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References
Allen, S.J. (2008). A hunt for the missing 50 cents: One piece of the leadership development puzzle. Organization Development Journal, 26(1), 19-20.
Frauenheim, E. (2009, April 20). Talent tools still essential. Workforce Management, 88(5), 20-
21.
Godwin-Jones, R. (2009). Emerging technologies personal learning environments. Language,
Before embarking on any business venture, it's crucial to conduct thorough market research. This involves:
Identifying your target audience: Determine who your potential customers are, their demographics, interests, and needs. Analyzing the competitive landscape: Research potential competitors, their strengths, weaknesses, and market share. Gauging market demand: Assess the overall demand for your product or service and identify any market gaps or opportunities.
2. Business Plan:
A comprehensive business plan serves as a roadmap for your venture. It should outline:
Mission statement and goals: Clearly define your business's purpose and objectives. Market analysis: Summarize your market research findings and identify your....
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