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business plan shells STYLE IN BUSINESS WRITING. The term, style, in this guide to overview of the current of technology business writing refers to the shape, voice, and essay force of sentences. Overview Of Technology? Business writing style differs significantly from academic writing style. Of Data Paper? Consider the following sentence, recommended to student writers in a textbook about overview state academic writing: As a third-year college student majoring in on life, history who has already acquired a bit over ten thousand dollars in student loan debt, I find McPherson and Schapiro’s rejection of Clinton’s national service plan to be short sighted and overview of the insensitive to the experiences of many college students who are struggling to put themselves through school only to face enormous financial burdens upon graduation. Consider these stylistic variables: Sentence Length : Long (50 words) Sentence Structure : Complex (1 main clause + at least one subordinate clause) Point of View : Self-reference, first person singular (I) Social Reference : Yes. On Life? (The writer refers to other voices, McPherson’s and Schapiro’s, on thesis of the state of technology, the same subject and formulates a thesis/position in accounting, relation to thesis current state these voices.) Agent of treatment paper, Action Identified : Yes. (I) Reference to Mental States--An Individual in current of technology, the Act of Thinking : Yes. Phd Thesis In Management Accounting? (I find.) The above sentence does satisfy the requirements for overview of the current state of technology a good academic sentence. Still, you will never read a sentence like the one above in phd thesis in management accounting, a business document.
Business readers do not want to of the state of technology know what is going on inside a writer's mind. Instead, they want writers to in research paper propose plans or recommend actions that will benefit the overview current state, company, and to do so as concisely as possible. In Management Accounting? To develop an current of technology, effective business writing style: Use shorter sentences. Phd Thesis Accounting? Use simpler sentence structures. Use active voice. Thesis Of The State? Write from the on life, point of thesis of the, view of the company.
Write more univocally. Persuasive Speech? (The voice of the thesis state, company is necessity of learning always already a social voice). Identify the agents of actions unless there is a good reason for overview current state hiding agency. Research Papers? Avoid nominalizing verbs. (changing verbs into nouns, i.e. decide into decision.) Recommend action rather than refer to overview current of technology individual mental states. Avoid qualifiers that weaken recommendations or express doubt. Avoid self reference and research papers on volatility references to individual states of mind. Use shorter sentences: U.S.
Research, Inc. Thesis Overview Of The State? conducted the interviews. Use simpler sentence structures: The product name must meet the following tests: (Not, If we want the product to on volatility sell well in current of technology, the Northwest and eventually in essay of learning history, select, international markets as well as to thesis of the current state of technology compete with distributors of essay on the, similar name brands , the name must meet the overview of the current, following tests:) The term, ‘Cascade’ conjures images of nature. On Volatility? (Not, Images of thesis overview state, nature are associated with the phd thesis in management, term, ‘Cascade.') Write from the thesis overview current state of technology, point of papers on volatility, view of the overview current state, company: The company must change the name of its bottled water product. Your Significant? (Not, I recommend that the company change the name of its product.) Write more univocally. (The voice of the company is always already a social voice). Current Of Technology? The company must change the name of on life, its bottled water product. (Not , Even though Jerry in the Advertising Department and Sue in of the, Public Relations disagree , the on volatility, company must…etc.) Identify the agents of of the, actions: The sales representatives adopted a new approach. On Life? (Not, A new approach was adopted.) Avoid nominalizing verbs: (changing verbs into of the current nouns, i.e. decide into decision.) The managers decided to on volatility change the thesis of technology, name of our project. (Not, The managers made a decision . Recommend actions rather than refer to essay on the individual mental states: We recommend names that parallel the age-old and pure qualities of the thesis overview of the current state, product. Essay? (Not, We believe you should use…, or We think , We imagine , We presume , etc.) Avoid qualifiers that weaken recommendations or express doubt: We recommend that your company avoid ‘earth surface’ words. Thesis Of The State Of Technology? (Not, We tentatively recommend that your company, if at all possible , avoid,‘earth surface’ words.) Caution: These rules may change depending upon the company and persuasive rhetorical situation, but they offer a starting point to overview of the state of technology improve your business writing style. Note: Many of the above sentences came from an actual business document-- a Northwest marketing company’s proposal that their client company change the name of its bottled water product from phd thesis in management, Sweetwater to Earth2O. ADDITIONAL EXAMPLES AND ADVICE ABOUT STYLE. Thesis Of Technology? To help you write any business document that requires you to make recommendations, consider the describe your most or failure, following advice. 1. Select words in an appropriate register for your reader.
Register: The vocabulary and tone that fits a particular social group. Current Of Technology? almost like joining a fraternity or sorority (more effective for or failure essay student audiences) or whatever (more effective in of technology, informal, personal communications) paradigm shift (more effective for academic audiences) Your existing workforce consists of state-of-the-art robots. (harsh tone) Workers today are reluctant to kill themselves for money. (exaggerated tone . ) 2. Use active rather than passive voice. Active voice: Uses action verbs. Of Data In Research Paper? Passive voice: Uses forms of the thesis overview, verb, to be, (is, be, am, are, was, were, been) Examples of Passive Voice: What the most success or failure, company is thesis of the state missing is…. Speech On Alcohol? Conclusions have been drawn and recommendations have been made. Of The State Of Technology? Changed to Active Voice: The company lacks… The report concludes with recommendations.
3. Use the treatment of data, imperative voice for recommendations: Imperative Voice: Begins with a verb, assumes the subject, you. Explanation: The imperative voice is current of technology concise and eliminates the moral tone of should and treatment of data paper the overly emphatic tone of current, must. Balance work with the in management accounting, lives of employees. Thesis Current Of Technology? Recognize the value of middle management. Create self-managed work-teams. 4. Ghost? Use verbal rather than nominal forms of overview of technology, words. Nominal forms: Verbs changed into nouns or adjectives. Of Data In Research? person-organization fit issues management directed policies Verbal forms: Change nouns back into verbs. Company policies fit employee expectations. Managers direct policy. Of The Current State? 5. Use parallel structure, particularly within lists.
Parallel structure: Phrases that repeat the same grammatical structure. Explanation: Parallelism enables readers to essay introduction read documents more efficiently. Example of non-parallel structure: Currently, the company has: No defined future goals. Shortsighted without budget and long term mission. Thesis Of The Current State Of Technology? Merit system. Do not appear prepared to meet rapid changes. Example converted to parallel structure: Currently the company: Lacks a plan for the future. Essays On Life Support? Needs a mission statement. Thesis Overview Of The Current State? Rewards merit only for in management accounting individual production. Adjusts too slowly to market forces.
6. Eliminate Unnecessary Words to Communicate Concisely: My suggestion is that we must begin to socialize our employees into overview state of technology the Lincoln culture so that they internalize the core values of cost-reduction and high-quality that Lincoln embraces. Train employees so they will internalize the core values of the company. 7. Sociology Essay? Divide long sentences into thesis current state of technology shorter sentences. Long Sentences: 25 words or more. On Volatility? 8. Avoid qualifiers. Qualifiers: Words that weaken claims. It may be necessary to…. Following are recommendations which might be considered: Lincoln probably needs to….
9. Avoid personalizing pronouns, and current state therefore personalizing problems. Change You need to… to research papers on volatility Lincoln Electric needs to…
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Dec 19, 2017 Thesis overview of the current state of technology,
Sample Essay Responses and Rater Commentary for the Argument Task. The sample essays that follow were written in response to thesis current the prompt that appears below . The rater commentary that follows each sample essay explains how the response meets the accounting criteria for that score. For a more complete understanding of the criteria for each score point, see the thesis overview state of technology Analyze an Argument Scoring Guide. In surveys Mason City residents rank water sports (swimming, boating and fishing) among their favorite recreational activities. Essay Necessity History. The Mason River flowing through the city is rarely used for overview of the state, these pursuits, however, and the city park department devotes little of its budget to maintaining riverside recreational facilities. For years there have been complaints from residents about the quality of the essay on the river's water and the river's smell. In response, the state has recently announced plans to clean up Mason River. Thesis Overview Of The State Of Technology. Use of the river for water sports is therefore sure to increase. The city government should for that reason devote more money in this year's budget to riverside recreational facilities.
Write a response in which you examine the stated and/or unstated assumptions of the argument. Be sure to explain how the argument depends on the assumptions and papers on volatility, what the overview of the implications are if the assumptions prove unwarranted. Note: All responses are reproduced exactly as written, including errors, misspellings, etc., if any. While it may be true that the significant or failure essay Mason City government ought to devote more money to riverside recreational facilities, this author's argument does not make a cogent case for increased resources based on of the current, river use. It is easy to understand why city residents would want a cleaner river, but this argument is rife with holes and assumptions, and thus, not strong enough to lead to increased funding. Citing surveys of city residents, the author reports city resident's love of water sports. It is not clear, however, the scope and validity of scary ghost story, that survey. For example, the survey could have asked residents if they prefer using the river for water sports or would like to see a hydroelectric dam built, which may have swayed residents toward river sports. The sample may not have been representative of thesis current, city residents, asking only persuasive speech essay on alcohol, those residents who live upon of the state of technology, the river. The survey may have been 10 pages long, with 2 questions dedicated to river sports. We just do not know.
Unless the survey is fully representative, valid, and reliable, it can not be used to effectively back the treatment paper author's argument. Additionally, the author implies that residents do not use the river for thesis of the current state, swimming, boating, and in management, fishing, despite their professed interest, because the state of technology water is polluted and smelly. While a polluted, smelly river would likely cut down on river sports, a concrete connection between the resident's lack of river use and the river's current state is not effectively made. Though there have been complaints, we do not know if there have been numerous complaints from a wide range of people, or perhaps from one or two individuals who made numerous complaints. To strengthen his/her argument, the author would benefit from implementing a normed survey asking a wide range of residents why they do not currently use the river. Building upon the implication that residents do not use the river due to the quality of the river's water and your significant or failure, the smell, the author suggests that a river clean up will result in increased river usage. If the overview of the of technology river's water quality and your, smell result from problems which can be cleaned, this may be true. For example, if the decreased water quality and aroma is caused by pollution by factories along the river, this conceivably could be remedied. But if the quality and thesis overview current state of technology, aroma results from the natural mineral deposits in the water or surrounding rock, this may not be true.
There are some bodies of describe your significant success essay, water which emit a strong smell of sulphur due to thesis current state the geography of the area. This is not something likely to be afffected by a clean-up. Essay History. Consequently, a river clean up may have no impact upon river usage. Thesis Overview Current State Of Technology. Regardless of whether the phd thesis in management river's quality is of the current, able to be improved or not, the author does not effectively show a connection between water quality and river usage. A clean, beautiful, safe river often adds to a city's property values, leads to increased tourism and revenue from those who come to take advantage of the river, and a better overall quality of research papers on volatility, life for residents. For these reasons, city government may decide to thesis overview of the invest in treatment of data in research paper improving riverside recreational facilities.
However, this author's argument is not likely significantly persuade the city goverment to thesis of technology allocate increased funding. Rater Commentary for Essay Response Score 6. This insightful response identifies important assumptions and thoroughly examines their implications. The essay shows that the proposal to spend more on riverside recreational facilities rests on three questionable assumptions, namely: that the survey provides a reliable basis for budget planning that the river’s pollution and odor are the only reasons for its limited recreational use that efforts to clean the water and remove the odor will be successful. By showing that each assumption is your or failure essay, highly suspect, this essay demonstrates the weakness of the entire argument. For example, paragraph 2 points out that the survey might not have used a representative sample, might have offered limited choices, and might have contained very few questions on thesis of the of technology, water sports. Paragraph 3 examines the tenuous connection between complaints and limited use of the river for recreation. Complaints about water quality and essay, odor may be coming from only a few people and, even if such complaints are numerous, other completely different factors may be much more significant in reducing river usage.
Finally, paragraph 4 explains that certain geologic features may prevent effective river clean-up. Details such as these provide compelling support. In addition, careful organization ensures that each new point builds upon the previous ones. For example, note the thesis of the current state clear transitions at the beginning of paragraphs 3 and treatment of data, 4, as well as the logical sequence of sentences within paragraphs (specifically paragraph 4). Although this essay does contain minor errors, it still conveys ideas fluently. Thesis Of The Current. Note the effective word choices (e.g., rife with . . . assumptions and essay, may have swayed residents).
In addition, sentences are not merely varied; they also display skillful embedding of subordinate elements. Since this response offers cogent examination of the argument and conveys meaning skillfully, it earns a score of 6. The author of this proposal to increase the current of technology budget for Mason City riverside recreational facilities offers an interesting argument but to move forward on the proposal would definitely require more information and thought. While the correlations stated are logical and probable, there may be hidden factors that prevent the City from diverting resources to this project. For example, consider the survey rankings among Mason City residents. The thought is that such high regard for scary ghost essay, water sports will translate into usage. Of The Current State Of Technology. But, survey responses can hardly be used as indicators of actual behavior. Many surveys conducted after the winter holidays reveal people who list exercise and weight loss as a top priority. Yet every profession does not equal a new gym membership. Persuasive Speech On Alcohol. Even the wording of the survey results remain ambiguous and of the current state, vague.
While water sports may be among the residents' favorite activities, this allows for many other favorites. What remains unknown is the priorities of the general public. Do they favor these water sports above a softball field or soccer field? Are they willing to sacrifice the phd thesis municipal golf course for better riverside facilities? Indeed the of the state survey hardly provides enough information to discern future use of improved facilities. Closely linked to the surveys is the bold assumption that a cleaner river will result in increased usage. While it is not illogical to expect some increase, at what level will people begin to of data in research use the river? The answer to this question requires a survey to overview state find out the reasons our residents use or do not use the river. Is river water quality the primary limiting factor to usage or the lack of docks and piers? Are people more interested in phd thesis in management accounting water sports than the thesis overview of technology recreational activities that they are already engaged in?
These questions will help the speech city government forecast how much river usage will increase and to thesis overview current assign a proportional increase to the budget. Likewise, the author is of data in research paper, optimistic regarding the state promise to clean the overview of the current of technology river. We need to phd thesis in management hear the source of the voices and consider any ulterior motives. Is this a campaign year and the plans a campaign promise from the state representative? What is the timeline for the clean-up effort? Will the state fully fund this project? We can imagine the misuse of funds in renovating the riverside facilities only to overview state watch the new buildings fall into dilapidation while the scary story essay state drags the river clean-up. Last, the author does not consider where these additional funds will be diverted from. The current budget situation must be assessed to of the current state of technology determine if this increase can be afforded. In a sense, the City may not be willing to draw money away from other key projects from road improvements to schools and education. The author naively assumes that the money can simply appear without forethought on most or failure, where it will come from.
Examining all the various angles and of the, factors involved with improving riverside recreational facilities, the argument does not justify increasing the budget. While the proposal does highlight a possibility, more information is required to warrant any action. Rater Commentary for Essay Response Score 5. Each paragraph in essay necessity the body of this perceptive essay identifies and examines an thesis overview of the state of technology, unstated assumption that is crucial to the argument. The major assumptions discussed are: that a survey can accurately predict behavior that cleaning the scary essay river will, in itself, increase recreational usage that state plans to clean the river will actually be realized that Mason City can afford to overview of the current spend more on riverside recreational facilities. Support within each paragraph is both thoughtful and thorough. For example, paragraph 2 points out vagueness in the wording of the survey: Even if water sports rank among the favorite recreational activities of Mason City residents, other sports may still be much more popular. Thus, if the first assumption proves unwarranted, the argument to fund riverside facilities rather than soccer fields or golf courses becomes much weaker. Treatment Of Data In Research. Paragraph 4 considers several reasons why river clean-up plans may not be successful (the plans may be nothing more than campaign promises or funding may not be adequate).
Thus, the weakness of the third assumption undermines the argument that river recreation will increase and riverside improvements will be needed at thesis overview current all. Instead of dismissing each assumption in isolation, this response places them in a logical order and considers their connections. Note the appropriate transitions between and within paragraphs, clarifying the links among the assumptions (e.g., Closely linked to the surveys or The answer to this question requires. Describe Success Or Failure Essay. ). Along with strong development, this response also displays facility with language. Minor errors in punctuation are present, but word choices are apt and sentences suitably varied in pattern and thesis overview of the current, length. Treatment. The response uses a number of rhetorical questions, but the thesis overview implied answers are always clear enough to support the points being made. Thus, the research papers response satisfies all requirements for a score of 5, but its development is not thorough or compelling enough for a 6. The problem with the arguement is the assumption that if the Mason River were cleaned up, that people would use it for water sports and thesis current of technology, recreation. Your Most Significant Success Or Failure. This is not necessarily true, as people may rank water sports among their favorite recreational activities, but that does not mean that those same people have the financial ability, time or equipment to current pursue those interests. However, even if the writer of the arguement is correct in assuming that the Mason River will be used more by the city's residents, the arguement does not say why the recreational facilities need more money. If recreational facilities already exist along the Mason River, why should the city allot more money to fund them?
If the of data in research paper recreational facilities already in existence will be used more in the coming years, then they will be making more money for themselves, eliminating the need for the city government to devote more money to them. According to the arguement, the thesis current of technology reason people are not using the Mason River for water sports is because of the smell and the quality of water, not because the recreational facilities are unacceptable. If the city government alloted more money to the recreational facilities, then the budget is being cut from some other important city project. Also, if the phd thesis assumptions proved unwarranted, and of the current state, more people did not use the river for recreation, then much money has been wasted, not only the money for the recreational facilities, but also the in management money that was used to thesis state of technology clean up the river to attract more people in the first place. Rater Commentary for Essay Response Score 4. This competent response identifies two unstated assumptions: that cleaning up the Mason River will lead to increased recreational use that existing facilities along the river need more funding. Paragraph 1 offers reasons why the first assumption is questionable (e.g., residents may not have the necessary time or money for water sports). Phd Thesis Accounting. Similarly, paragraphs 2 and 3 explain that riverside recreational facilities may already be adequate and may, in thesis current state fact, produce additional income if usage increases. Thus, the response is adequately developed and satisfactorily organized to treatment of data in research paper show how the argument depends on questionable assumptions.
However, this essay does not rise to a score of 5 because it fails to consider several other unstated assumptions (e.g., that the survey is reliable or that the efforts to thesis clean the river will be successful). Furthermore, the final paragraph makes some extraneous, unsupported assertions of its own. Mason City may actually have a budget surplus so that cuts to other projects will not be necessary, and cleaning the river may provide other real benefits even if it is not used more for water sports. This response is phd thesis in management accounting, generally free of errors in grammar and usage and displays sufficient control of language to support a score of 4. Surveys are created to speak for the people; however, surveys do not always speak for the whole community. A survey completed by of the current state Mason City residents concluded that the residents enjoy water sports as a form of recreation. If that is so evident, why has the river not been used?
The blame can not be soley be placed on the city park department. In Management Accounting. The city park department can only do as much as they observe. The real issue is not the residents use of the river, but their desire for a more pleasant smell and a more pleasant sight. If the city government cleans the river, it might take years for the smell to go away. State. If the budget is changed to accomodate the of learning clean up of the thesis overview of technology Mason River, other problems will arise. The residents will then begin to complain about treatment paper, other issues in their city that will be ignored because of the great emphasis being placed on Mason River. If more money is thesis state, taken out of the research budget to clean the river an assumption can be made. This assumption is current state, that the budget for another part of cit maintenance or building will be tapped into to. In addition, to speech on alcohol the budget being used to clean up Mason River, it will also be allocated in increasing riverside recreational facilites. The government is trying to appease its residents, and one can warrant that the role of the government is to please the people.
There are many assumptions being made; however, the government can not make the assumption that people want the river to be cleaned so that they can use it for of technology, recreational water activities. The government has to realize the long term effects that their decision will have on the monetary value of their budget. Rater Commentary for Essay Response Score 3. Even though much of this essay is essay on the necessity history, tangential, it offers some relevant examination of the argument’s assumptions. The early sentences mention a questionable assumption (that the survey results are reliable) but do not explain how the survey might have been flawed.
Then the response drifts to irrelevant matters a defense of the city park department, a prediction of budget problems and the problem of pleasing city residents. Some statements even introduce unwarranted assumptions that are not part of the state of technology original argument (e.g., The residents will then begin to complain about other issues and This assumption is that the budget for another part of city maintenance or building will be tapped into). Of Learning History. Near the end, the response does correctly note that city government should not assume that residents want to use the river for overview current state of technology, recreation. Hence, the research papers proposal to overview state increase funding for riverside recreational facilities may not be justified. In summary, the language in this response is reasonably clear, but its examination of unstated assumptions remains limited and therefore earns a score of 3. This statement looks like logical, but there are some wrong sentences in it which is not logical. First, this statement mentions raking water sports as their favorite recreational activities at the first sentence. However, it seems to have a ralation between the on the necessity history first sentence and the setence which mentions that increase the quality of the river's water and the river's smell. This is a wrong cause and result to overview state solve the problem. Second, as a reponse to history the complaints from residents, the state plan to clean up the river. As a result, the state expects that water sports will increase.
When you look at two sentences, the result is not appropriate for the cause. Third, the last statement is the conclusion. However, even though residents rank water sports, the city government might devote the budget to another issue. Overview Current. This statement is also a wrong cause and result. In summary, the statement is not logical because there are some errors in it. The supporting setences are not strong enough to support this issue. Rater Commentary for Essay Response Score 2. Although this essay appears to be carefully organized, it does not follow the directions for the assigned task. In his/her vague references to causal fallacies, the phd thesis writer attempts logical analysis but never refers to any unstated assumptions. Furthermore, several errors in grammar and sentence structure interfere with meaning (e.g., This statement looks like logical, but there are some wrong sentences in it which is not logical).
Because this response does not follow the directions for the assigned task and contains errors in sentence structure and thesis of the current, logical development, it earns a score of 2. The statement assumes that everyone in Mason City enjoys some sort of recreational activity, which may not be necessarily true. The statement also assumes that if the paper state cleans up the river, the use of the river for water sports will definitely increase. Rater Commentary for Essay Response Score 1. The brevity of this two-sentence response makes it fundamentally deficient. Sentence 1 states an thesis current, assumption that is describe significant success, actually not present in the argument, and sentence 2 correctly states an assumption but provides no discussion of its implications. Although the response may begin to address the assigned task, it offers no development. As such, it is thesis overview of technology, clearly extremely brief . providing little evidence of an organized response and earns a score of 1. Register for the GRE General Test. Get never-before-offered official GRE practice tests, scores within minutes for all three measures and explanations for correct answers!
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Treating a College Admissions Essay Like a First Date. This week, The Choice is in the room, panning for of technology tips, at the annual College Board Conference. High school counselors and admissions officers are always reaching for essay on alcohol analogies to convey to overview of the state of technology, students (and parents) the purpose of a college admissions essay. But it was a revelation to me, at speech, least, when Chad Hemmelgarn, an English teacher at Bexley High School in Columbus, Ohio, put it this way: “It’s kind of thesis overview of the like a first date. You’re telling us the stuff that makes you special.” Mr. Phd Thesis In Management Accounting. Hemmelgarn was speaking this afternoon as part of thesis overview of the current of technology a panel on the junior-year experience at “Forum 2009 New York,” the your significant success annual convention of the College Board in thesis, New York City. Over the next two and a half days, hundreds of counselors and admissions officers will attend dozens of sessions on all aspects of the high school and college-admissions experience. In a series of posts on The Choice, several Times colleagues and I will attempt to pass on tips and perspectives from essay those meetings that we think will be useful to of the current state of technology, applicants and parents, as well as counselors and admissions officers.
For example, at the panel on the junior year, Mr. Hemmelgarn and Stephanie Krosnosky, a college counselor at research, Bexley, suggested that juniors begin their college quest with several seemingly simple steps. These included using a single sheet of paper to collect the dates of all the standardized tests they intended to take, which they would then post on the family refrigerator so that “mom and dad” would make sure they didn’t oversleep that day. But it was on overview current state the subject of the college essay that I thought the two gave particularly strong guidance. For example, Mr. Hemmelgarn requires his juniors to write 25 sample college essays — using actual questions from the University of Chicago and of data Ohio State, among others — in overview current state of technology, 25 weeks, at home. His mantra? “Practice makes better.” Mr. Essay. Hemmelgarn then reviews with each student the four or five essays that he or she believes might best be developed into their actual college essays in their senior year. Overview Of The State Of Technology. For readers of The Choice who are juniors (or their parents), I see no reason why the same exercise couldn’t be repeated by any junior on one’s own — with a counselor or favorite teacher then enlisted as a sounding board. Mr.
Hemmelgarn said he divides the essay questions into several categories, including “Why you?” and “Why us?” As an example of “Why you?” — or why might a particular college want you — he referred to your success essay, an actual prompt on the Common Application that directs an applicant to overview of technology, “evaluate a significant experience, achievement, risk you have taken or ethical dilemma you have faced and of data its impact on you.” Part of the advice he gives his students, he said, is thesis of the that they not write a hackneyed paragraph about a family trip “that changed my life.” Unless, of course, it did. One counselor in research on volatility, the audience immediately raised her hand to say that one of her high school students was in the process of writing just such an essay — about learning Flamenco in Spain — that promised to thesis overview of the current state, be unique and essay on the necessity of learning memorable. Current. The boy’s theme (and yes, it was a boy)? “When am I ever going to do that again?” Mr. Hemmelgarn said he approved — because the essay sounded like it would meet another of his criteria: “What can you write that’s going to set you apart from everyone else?”
As an example of the question of “Why us?” Mr. Hemmelgarn pointed to the following question from an treatment paper actual application: “Why are you considering The Ohio State University?” In counseling his students on how to approach their answer, Mr. Hemmelgarn said he tells them that colleges “want to hear a little about themselves.” And that, he said, usually requires some research. One other tip from Mr. Hemmelgarn: When an applicant is asked a question like, “Indicate a person who has had a significant influence on you,” as appears on the Common Application, what the college is thesis state of technology really seeking is on volatility something about you (as in thesis current, how you are similar to the person, or different.) “The college is not accepting grandpa,” Mr. Hemmelgarn said. “They want to know what qualities of grandpa do you have.” Do readers of describe your success The Choice have similar advice to pass along? Please use the thesis of technology comment box below to let us know.
Comments are no longer being accepted. My advice to all is to accounting, be yourself. Let your writing reflect who you are and how you approach problems in your life. Write that, and the college that recognizes individuality (something I highly prize) will come calling with financial aid. Current State Of Technology. I don’t care what the colleges are looking for, YOU know what YOU are looking for, and you know what type of person you are.
If the college wants you for you, they’ll admit you. My younger brother is a high school junior, and he has Asperger’s. While my parents are focusing on helping him find schools that will accommodate his condition, I want to encourage him to make his applications to those schools as good as they can be. I anticipate that he will find the college essay especially difficult, since he’s never been good at “selling himself” in the way that colleges ask you to. Does anyone know of resources to essay, help students on the autistic spectrum navigate the college admissions process? 25 admissions essays over the course of thesis current 25 weeks is ridiculous overkill. As those of you who read my recent article (http://www.satsuccesssecrets.com/5-lies-about-sat-prep/) know, I’m not a big fan of the College Board. However, this is your significant success or failure some really good information about how to make the thesis overview current state most of your college admissions essay. By the time you write your essay, there are only 3 parts of your college application that you have control over: your senior mid term exams, your last chance at the SAT, and on volatility your college essay.
Everything else is already in the books. I’ve been working with kid applying to college for a long time, and I strongly recommend taking this advice to heart and of technology really putting your mind to ghost story essay, answering the questions, “Why you?” and of the current “Why us?”. It can really make a difference. Yeah, I agree. That is scary ghost story completely ridiculous. Nice idea–but if your kid was like my kid, he was already doing homework on most Saturday nights. So were the other highly competitive kids in thesis overview of the state, his class. (Believe me, this was not my idea–he was just incredibly driven. And he did get into the top college he wanted, so I guess it was worthwhile–at least he thinks so!). Accounting. Yes, it’s good to write a good college essay, but not if it comes at thesis overview current, the expense of the grades that are going to get you into phd thesis in management accounting that great college you want to go to!
My daughter has written eight different essays so far for scholarships and overview of the applications, and she is only half-way through the process. I wish she had generated more ideas when she was a junior. A possible resource is Realizing the College Dream with Asperger Syndrome by Anne Palmer and/or Succeeding in Colleg with Asperger Syndrome by essay necessity of learning history John Harpur, Maria Lawlor and of the current state Michael Fitzgerald. My wife and research on volatility I had suggested a topic to of the current state of technology, our daughter but her essay came out forced. A few days later, she surprised us us with an essay on another topic that was literate and persuasive essay flowed naturally. This took place over the summer when the thesis overview of the state of technology pressure was much less. She is research on volatility seeking admission to schools where she has a good chance of being accepted, anyway, based on her high school record and interests. The world does not start with Yale and end with Harvard. Current. Her essay is clearly in in management accounting, the ballpark and it is done. Let’s not hype these kids into more stress than they already have.
Aim for of the current appropriate and accounting well-written and avoid the hackneyed. (Bravo to Nicola for Comment No. 1.) As aparent who just completed the college application with my daughter, I have two peices of advice. One, have students start drafting their essays during the summer before senior year. It is a time where they have little pressure.
Second and most important, have someone other than a parent review the essay. No matter how hard we try, parents are jaded when it comes to thesis of the of technology, their kids. Have someone who does not know your child review the essays. Your Most Or Failure. The feedback can be valuable. I agree with Sam (#3). And I’m also a writer and writing teacher (as well as a college counselor). Sure, students should be honing their essay writing (and reading) skills, but it seems myopic to overview current of technology, repeat this exercise that many times, especially since students would also be well served by working on critical writing and reading, as well as the personal essay. For those applying to Harvard or Yale: the essay is the first date, the interview is the speech essay second date and thesis overview of the current of technology the third date is when your parents make a huge donation to the school. I’m so glad I went to college 40 years ago. I’m also glad I went to phd thesis, college a while ago (only 10 years ago), but I never felt the pressure these kids feel. I love your tips here.
Such good advice. One of our student bloggers over at myUsearch wrote a great article about the overview of the current college essay she wrote to get into research on volatility Yale. Hope this helps: http://myusearchblog.com/the-college-essay-you-in-500-words-or-less. Also, beware the over-edited-overworked-by-five-critics essay result where the fresh original voice of the 17-18 year old applicant has been lost. As a parent, I make it a point to go back to the very first draft quite often, and ask (out loud) “what was catchy about thesis overview of the current state of technology, this essay idea to being with?” and “is it still there in this current draft?”.
This also means that one should not actually write anything for the applicant (you know who you are, parents!) — not only is it unethical, it also puts the idea in your voice, not theirs. Discussing ideas around the dining table (on cell phone, more realistically?), is fair and good I think, much as they would do with a teacher in school. I remember writing my college essays. My high school class started with 269 members. We graduated 180. Only about half went to college. I remember seeking advice from a guidance counselor about liberal arts colleges, and he told me not to get my hopes up because I likely wouldn’t get a good enough scholarship to attend. I ended up getting nearly full rides to everywhere I applied, and a full ride to school that I did attend. I never showed my guidance counselor my essays, because if he was so stupid as to suggest that I would not get scholarships as an Appalachian student from a poor school district with an ACT composite of 32 who had qualified for one of the essay on alcohol national forensic competitions 3 out of 4 years, then he was probably too stupid to offer valid critique. I suppose that what I’m saying is that I’m jealous of thesis of the current state high school students who come from describe your most significant essay a world where their parents and teachers are supportive of their college application efforts.
Instead, coming from a poor rural school district, I got teachers who accused me of thesis overview current state plagiarism when I showed them my writing and phd thesis in management guidance counselors who told me I’d never get into Bryn Mawr. I’m wondering which is more common for thesis state American high school students. Sam, 25 admissions essays over the course of 25 weeks is so not ridiculous overkill. It’s a lot like a real job, innit? An intro to the world of work, you might say.
My daughter began her college essay, “All my life there have been bugs.” She had fun with it. She is phd thesis now a junior at Swarthmore College. Wow – my essay was nothing like that. I think it was about a favorite book I read, and why I liked it. Geez, like a first date?
I’m not marrying my college. And really, I can write an thesis overview current of technology essay (or a cover letter) gushing about U of Fill-in-the-blank, or XYZ, Inc. Research Papers On Volatility. but I’m just gonna copy and paste five other names into that space, and thesis of the current state of technology everyone knows it. This whole process is becoming too overwhelming and of data in research paper too emotionally charged. I took the SAT once, sent my scores and overview state of technology transcript, got two teachers to write recommendations, wrote my essay (ONE essay was written ONCE), and in research paper sent my app in. End of story.
The best advice my daughter received was to have confidence in thesis of the current, her essay and not worry about WHAT SHE SHOULD do! A first date?? Are you kidding? Robert Frost once said that people who don’t understand comparisons aren’t safe to cross the street. I’d say that people who pick up a silly comparison and consider it seriously are in even more danger. How absolutely ridiculous to ghost essay, have junior write that many college essays. When it’s time for kids to write the college essay, it’s time for overview kids to consider the topics. The summer before senior year is the scary story essay time to start thinking–at the very earliest.
On another note, you might want to investigate the merit of this practice at Bexley by thesis of the current asking the students who were subjected to that regimen of college essay writing. You might be surprised at scary ghost story, their answers. 25 essays over 25 weeks is “like a real job”? Try a second job. If you’re talking about a job, how about the job of of technology being a high school student? — that’s what I wish students were focused on, instead of the treatment in research paper fetishized industry of college admissions. In a way, I like that idea, but I’m not convinced that 5 essays over 5 weeks won’t accomplish a good chunk of the same idea. 25 over 25 weeks extends from the spring of junior year, when kids should really be focused on thesis of the current their schoolwork, into the beginning of senior year, when kids should be focused on the most college-like tasks they’ll have to take on during high school (assuming, that is, that their school is giving them enough of a challenge). I’m also a teacher of treatment of data in research paper writing, but mainly I’m a teacher of teenagers.
I’m sickened when I hear such overwhelming tasks and pressures put on students who are busy with being students and thesis of the current of technology kids. As suggested by #1, 5, 17, 18, and 19, you will end up in a college that is suitable for you, and you will be fine. As a high school drop-out, I had no school counselors advising me about necessity of learning history, my college essays; I was oblivious re: need to tell a story that set me apart from overview of the current of technology my peers. etc. etc. On The Of Learning. etc.I applied to only one university, a US News #038; World Report top 20. I got in, and graduated in thesis of the current state, May ’09. My first semester, I audaciously asked an admissions officer, why me, and not someone more worthy, she stated that my essays were forthright and free of the usual highly edited and accounting coached quote unquote drivel.
My advice re: writing good admissions essays: do not under any circumstances show your parents, or any present or former teachers your essays until after you get accepted, be humble, don’t show off. (Sorry: didn’t make my disagreement clear enough [#21]. Current. The teacher who did 25 in success or failure, 25 weeks did it during the school year, for his English course. My concern was with people trying to of the state, replicate that without it being a teacher assignment — in other words, on top of the describe success essay existing schoolwork. I quibble with the overview of technology effort required even within a class, and wonder what else those students were working on during those 25 weeks, but I respect the teacher’s inclination to have his class write extensively and reflectively.)
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Once you are employed as an animal care worker, you will receive training on the job. A good Animal Care Worker has a real interest in working with animals. They have the ability to handle animals patiently, gently and confidently. Papers On Volatility. If you love the idea of working with animals, this could be just what you are looking for. As an animal care worker, you could look after animals in a number of different places, like kennels, animal rescue centres and animal sanctuaries. You could also work as an animal welfare assistant at Blue Cross adoption centres, animal collection officer for the RSPCA, or animal care auxiliary at an animal hospital. Your tasks could include: preparing food and thesis, feeding the animals keeping animals clean and grooming them exercising dogs in a yard or taking them for walks cleaning out kennels, pens and cages, and changing bedding looking after animals who become ill or distressed answering queries from colleagues and on the necessity, visitors ensuring that animal enclosures are maintained. In some jobs you could have other duties, for example, keeping records, taking bookings and thesis overview current, advising owners on treatment of data paper how to of the state look after their animals.
As animals must be looked after seven days a week, you may work shifts. This could often include starting early, and some evenings and weekends. Working with animals can involve hard physical work, and papers on volatility, you could spend time working outdoors in all weathers. Animal care workers can earn from ?11,000 to over ?13,000. Figures are intended as a guideline only. You will not need any qualifications for thesis overview of the current state most animal care jobs, although some employers do ask for qualifications such as GCSEs. It will help you to have experience with animals before you start looking for work. Volunteering is a useful way to get experience and to show employers that you are enthusiastic and interested in working with animals. You can find out about opportunities for volunteering in your area on the Do-it website.
You could also contact animal welfare organisations like Blue Cross and treatment of data paper, the RSPCA to see if they need volunteers. If you would like to do some training before applying for your first job, you could complete courses such as: BTEC Level 2 Certificate/Diploma in thesis overview state of technology, Animal Care BTEC Level 3 Certificate/Diploma in Animal Management (Care) City Guilds Certificate and Diploma in of learning history, Animal Care and Management. Check with colleges for entry requirements for the courses. You may be able to thesis of the current state of technology become an animal care worker through an Apprenticeship scheme. You will need to check which schemes are available in your most significant success essay, your area. To find out state, more about Apprenticeships, visit the phd thesis accounting Apprenticeships website. Once you are employed as an animal care worker, you will receive training on the job.
You could also do qualifications such as Awards/Certificate/Diploma in thesis overview current of technology, Work-Based Animal Care at levels 1, 2 and persuasive essay, 3. Level 1 is a general basic qualification. At levels 2 and 3 you can follow a general option, or specialise in one of the thesis of the state following: Pet care and retail Zoos/wildlife establishments Dog grooming Animal care and welfare Animal training. Research Papers. You can do courses at colleges around the UK, and thesis, through the significant College of Animal Welfare. You can also do distance learning courses with a range of overview of the current of technology, companies. Persuasive Essay On Alcohol. You should discuss courses with your employer to ensure that they meet your training requirements and are relevant to thesis of the state of technology your working role and career progression. To become an animal care worker you will need to have: a real interest in on the necessity of learning history, working with animals the ability to handle animals patiently, gently and confidently the ability to cope with upsetting situations like working with injured or badly treated animals a willingness to do dirty or unpleasant tasks the ability to take responsibility for thesis state the duty of describe significant or failure essay, care of animals. The animal care industry is part of the thesis overview current environmental and land-based industries, represented by Lantra Sector Skills Council, which also includes the following industries: agricultural crops; agricultural livestock; animal technology; aquaculture; equine; environmental conservation; farriery; fencing; fisheries management; floristry; game and story essay, wildlife management; land-based engineering; horticulture, landscape and sports turf; production horticulture; trees and timber; and veterinary nursing. The sector as a whole currently employs 1,126,000 people (approximately 4% of the UK workforce) in around 230,000 businesses. In addition, there are an estimated 500,000 volunteers working in the sector on a regular basis. Approximately 42% of the thesis of the current state of technology workforce is self-employed.
The animal care industry offers opportunities to work in kennels or catteries, through to animal charities, zoos and persuasive speech, wildlife parks. Thesis Current Of Technology. The work in this industry generally covers the health, welfare, handling supervision and husbandry of animals. Animal care encompasses: pet shops; animal boarding establishments, animal breeding; dog training (including animals in research papers, entertainment and education, as well as working dogs); pet styling and grooming; animal welfare charities; animal care services (for example animal hydrotherapy, dog walkers/sitters); zoos and wildlife parks (including wildlife rehabilitation); animal visitor attractions; and overview current state, animal related public services (for example dog/animal wardens). Treatment. There are approximately 78,000 people working in the industry, in around 12,650 businesses. Almost three quarters of the animal care industry accounts for pet shops and pet supplies, boarding establishments, and dog clipping and current state of technology, grooming businesses.
86% of businesses employ 5 or less staff. Of Data In Research Paper. 87% of the workforce is employed full-time. Volunteers are a significant part of the thesis workforce within the animal care industry. Jobs in the industry include: animal trainer (audio visual), assistance dog trainer, head zoo keeper, dog trainer – racing greyhounds, inspector, dog trainer – uniformed forces, animal care assistant, animal clinic assistant, dog groomer, manager of zoos or wildlife establishments, safari park ranger, dog warden. East Midlands – There are an estimated 6,750 employees in the regional workforce, in around 1,100 businesses. East of England – There are an estimated 9,300 employees in the regional workforce, in around 1,450 businesses. London – There are an estimated 8,750 employees in treatment paper, the regional workforce, in around 1,000 businesses. North East – There are an estimated 2,100 employees in thesis overview of the current of technology, the regional workforce, in around 450 businesses.
North West – There are an on the of learning, estimated 6,100 employees in the regional workforce, in around 1,300 businesses. South East – There are an estimated 11,200 employees in the regional workforce, in around 1,850 businesses. Thesis Of The Current State. South West – There are an estimated 9,400 employees in the regional workforce, in around 1,450 businesses. West Midlands – There are an estimated 7,300 employees in the regional workforce, in around 1,050 businesses. Yorkshire and the Humber – There are an estimated 5,700 employees in the regional workforce, in around 1,050 businesses. Northern Ireland – There are an estimated 1,100 employees in the regional workforce, in around 250 businesses. Scotland – There are an describe most success or failure essay, estimated 7,900 employees in the regional workforce, in around 1,050 businesses.
Wales – There are an estimated 2,500 employees in thesis overview of the state of technology, the regional workforce, in around 650 businesses.
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Create your free Business Plan now. Make an investment-worthy business plan easily with our free template. Select a Industry Fill in the Form. Complete your Business Plan. Print and Download For Free.
Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download. Are you an entrepreneur looking to download a free business plan? If so, you have come to the right place. Legal Templates is happy to provide you with a hassle-free document downloads. Current State Of Technology? Click the buttons below to download (1) a blank document, and (2) a document that is filled in for you to reference. Related Business Documents: Click to View. What’s included in the blank template:
In the first download, you will find documents with all of the significant essay chapters, section titles, and section subtitles that you will need to successfully complete your plan. Our first plan contains the 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. This chapter is essentially your hook to convince potential financiers that your model is worthy of overview of the of technology their investment. Chapter 2: Company and treatment of data in research, Financing: In this chapter, the goal is to outline the legal and operational structure of your company, financing requirements, the history behind the thesis state company, mission statement and phd thesis, the management team. If you are forming a corporation, be sure to include your Articles of Incorporation here. Chapter 3: Products and Services: This section describes what products and/or services your business will sell (now and in the future), and how you will build, assemble and deliver them.
It also offers a comparison of your company and your direct and indirect competitors. Chapter 4: Customers and Market Analysis: The customers and market analysis page indicates your target customer segments, what needs you are filling for them , and the latest trends among these consumers in terms of growth and behavior. Chapter 5: Marketing and state of technology, Sales: The marketing and of data, sales chapter allows you to thesis, describe how you will sell your product/service. Essay On Alcohol? Particularly what are your company’s strategies for positioning, pricing, promotion and distribution. Chapter 6: Strategy and Implementation: This chapter will give you an of the current, opportunity to set the key milestones that help establish a timeline of progress towards your goals. Additionally, it includes subsections like SWOT analysis, competitive edge, and essay of learning, strategic alliances. Current? Chapters 7 + 8: Financial Plan, Sales Forecast, Financial Statements: In the final two chapters, entrepreneurs must define and calculate the financial variables that will go into the creation/expansion of your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan. What’s included in the template with sample text:
In the second download, we give you a completed ice cream shop plan to reference. Each section gives an example of most significant success or failure essay what you should write. Our guide also includes example graphs and charts, so that you are aware of the types of financial calculations, plans, and forecasts that a plan should offer to attract investment. For guidance on thesis overview of the current of technology what you should include in your plan, and why, please reference our How to phd thesis accounting, Write a Business Plan set of articles below. Downloading this small business plan comes at no cost, so feel free to start your download and get started. Overview? However, you should be aware that there are some pros and cons to using free business templates, rather than using professional software or an experienced writer. Writing a business plan is a prerequisite to your company’s success.
A solid plan is necessary to scary essay, help found your company and ensure that your goals remain on track over time. Your plan can and will change as you encounter the unpredictable variables that come with starting your own company. If you have an existing company, crafting a solid plan is thesis overview, equally important if you’re hoping to attract investment and expand your company beyond the limits you’ve already reached. Your business strategy should account for the next 3-5 years in persuasive speech, advance, and of the of technology, cover every aspect of accounting your industry, including the critical relation between marketing and sales to thesis of the, your company’s finances. Your plan should include the following sections before you submit it to investors. Click each accordion to read a how-to guide for each chapter: “How to Write a Business Plan” Table of story essay Contents: How to Write the state of technology Executive Summary. The executive summary contains all of the essential information about essay on alcohol what makes your business strong and worthy of investment . It covers the major highlights of the rest of your plan’s chapters.
The goal is to briefly tell your reader what your company will do, where you want to take it, and thesis current, why your business idea will be successful. If you are seeking financing, the executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of research your business plan, though it’s actually the last section that you should write . First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on if you are an established business or a new startup. A startup company’s executive summary will need to be interesting and overview of the state of technology, convincing to on volatility, capture the attention of overview of the of technology investors.
Your company will lack the on alcohol historical data and trends that existing companies are able to provide, but there are strategies to mitigate these factors. First, you’ll need to briefly explain who you are, the background of overview of technology your management team, and your reasoning behind starting a business in your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is story, cheap – do you have the data and thesis of the current, analysis to back up your claims? Even in a standard plan, the executive summary for of data in research paper, an existing business has no set template, although there are several suggested guidelines that you can find around the overview state web. We suggest the essay necessity of learning following basic template – feel free to add or subtract sections according to your own needs:
Summary Management Team Products and Services Customers Marketing and Sales Financial Forecast Financing Requirements (optional) Describe the purpose of the plan (e.g.; to raise a specific amount of debt financing to expand a store location) as well an overview state of technology, overview of the company (name, location, company type, products sold, founder(s) and founding date). Describe the key milestones or objectives that you want to achieve with this business (these are the tangible results in which you use to prove success of the phd thesis venture). This statement should be concise and to the point. Summarize the members of the management team, including highlights of their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into overview state of technology more detail in the Products and Services section. Products and Services. Describe the products and services you are providing and who the essay competitors are within the industry . Keep this section brief, as you will go into more detail in the Products and Services section. Describe whom your customer groups are and whom your key customers are , as well as how you will market to them. Keep this section brief, as you will go into more detail in the Market section. Describe briefly how you will market your product or service.
Summarize the major points in the Marketing and state of technology, Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the Financial Plan section here. This should include your sales forecasts and treatment in research, projected expenses as well as the logic behind the projections. If you are a new company, describe when you expect to turn a profit . If you are an existing company, highlight past financial performance. 7. Financing Requirements (Optional) Summarize the thesis overview amount of equity and/or debt financing that you are seeking, when you need it, the use of the funds, and when you expect to persuasive on alcohol, reach your next milestone event and/or start paying back the loan. Keep this at an overview level , as you will go into more detail later on in other chapters. Note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the thesis of the entire writing process first . In particular, complete the financial planning process before attacking this section. Only then will you be able to persuasive speech essay on alcohol, identify the thesis overview of the state of technology amount of money you will need to raise.
With these sections fleshed out, you’ve finished your executive summary. How to Write the Company and Financing Chapter. The company and finance section of on the necessity your plan is important, because introducing the overview current state of technology management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of ghost story essay success. Company and Financing Sections. Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional)
There are many variations and approaches on how to lay out the various components of a business plan. Our approach for the company overview section is to provide the reader with the of the current company’s legal information, address and a brief description of the company’s history. Since there are follow up sections in on the necessity of learning history, this chapter that over go the company’s location and history in thesis overview current of technology, more detail, you will want to keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is best determined by a credible Attorney. The primer below is meant only to explain the describe most success or failure broad differences between the most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by of the, him or herself.”
While the most simple to set up and the most common, there is a significant drawback: you will be personally liable for any obligations. So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to persuasive essay on alcohol, the IRS: “A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the company.” A partnership has certain advantages compared to a LLC, such as not needing to file formation documents when setting up a partnership, and not needing to file dissolution documents if dissolving the partnership. Thesis Overview Of The Current? However, similar to sole proprietorships, partners in research papers on volatility, a partnership have unlimited liability for the company’s debts and thesis overview of the, liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and control but also full personal liability and necessity of learning, (2) Limited partners that have no personal liability beyond their investment in overview current state of technology, the partnership interest. Limited partners are often times “silent partners” that wish to invest in the venture but limit their exposure to liability. A corporation is scary ghost essay, a separate legal entity owned by thesis of the current, shareholders. A corporation is commonplace for describe your most significant or failure essay, businesses that anticipate seeking venture capital financing.
The downside to a corporation is the problem of “double taxation” since the corporation’s profits is taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at overview state the personal level. You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity). Some of the drawbacks include not being able to have more than 100 shareholders , and not being able to have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the member’s personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the scary ghost story type of company you plan to open, along with the registered name you plan to use. Explain your rationale – for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to of the state, start a C-Corporation as majority of VCs will insist on this legal structure. If you have a home office/no dedicated business address. Include your current office setup and in management, your future office plans once your company expands, if applicable. For start-ups, and especially those seeking financing, the Management Team section is especially critical. With the lack of thesis of the state of technology history, there is little investors can go by to gauge the future success of a venture. The question lenders and investors will ask: Why should we trust your team with our money?
You must demonstrate your team’s ability to describe or failure, execute on of the the stated goals. To accomplish this, you should highlight: Background of each member of the describe your most significant or failure management team (education, relevant work experience, etc.) Roles and responsibilities within the company. Tip: Don’t include details about of the current members of the Management Team that are not relevant to the reader. Everything presented should reinforce why your team is the right team to execute on the company’s vision. If you have an established business the information you want to present is the same.
Keep in mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company. As a company grows from start-up to established business, the management team must also change. In Management? They must be able to manage employees, institute standardized systems, and ensure the business’s ability to thesis overview of the of technology, scale operations while keeping profitability stable. If you already have a Board of of data paper Directors and/or Advisory Board, list these individuals and a brief description. In a publically trading company the of the current state of technology Board of Directors is most significant or failure essay, elected by thesis current state of technology, the shareholders and is the highest authority in in management accounting, the management of the of the state of technology company. For our purposes (context of a private company that is most likely a startup or small but growing business), a Board of Directors is comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Director’s typical responsibility is to set broad policies for the company, determine compensation for in management, company management, and approve annual budgets. An advisory board is a group of thesis overview of the current state of technology business leaders that can help guide your company and provides it with assistance when needed. Choose individuals with knowledge in your industry and are willing to play a role in your company . Research? While some advisors are compensated, it comes down to thesis overview of the state, a case-by-case basis, frequently depending on scary ghost story essay how much time the thesis overview current state of technology member is committed to your company. Tips on significant success or failure building your Advisory Board: Choose a well-respected and of the current of technology, well-known individual as the first member of your Advisory Board.
This will help you to recruit other members of the Board. Choose individuals that have strengths and accounting, relationships your business will need. As your business evolves, so will the thesis overview current state members of your Advisory Board. Feel free to shake up the essay on the history line up over time. In this section you will tell the reader how much money you need to raise, what you are going to use it for, and how you got to the requested amount. Important note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the thesis of the of technology entire writing process and in in research paper, particular, complete the financial planning process. Overview? Only then will you be able to identify the amount of money you will need to raise.
There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by your assets or via a personal guarantee. If your company is already in existence and has trading history, then you may also secure a loan off of your receivables. In contrast, equity financing is essentially you exchanging a stake in your company for of data paper, a specific sum of money from an investor . Thesis Overview Of The State Of Technology? Therefore, the persuasive essay on alcohol amount you are able to raise from investors comes down to thesis overview state, how much they value your company. There are three fundamental questions every savvy investor will ask you: Cool idea, how do you make money with it? How much money do you need, and why and scary ghost essay, when? What do you think your company is worth? If you are seeking financing (regardless of its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by current of technology, break-even and subsequent profitability. The money you are seeking to raise will simply allow you to essay, have enough cash to cover the initial period where you will be taking a loss so that you can eventually make a profit. This is a simplification; you may be raising money to further grow your company, which may already be profitable.
Or you might use the financing to get your product to the next stage in thesis overview state, its product development lifecycle (i.e.; milestone event). But the general concept is the same; the scary ghost story essay investment you are seeking bolsters your company’s cash position , allowing it to thesis of technology, grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and describe success or failure essay, when? The financial statements provide the answer to thesis of the current of technology, the first two questions (which is history, why we recommend you complete your plan first). To answer how much money you need, analyze the cash flow statement to state of technology, determine the cumulative cash flow.
The lowest point on this curve will tell you what your maximum financing needs are , and at what point in time. What do you think your company is worth? The third question is much harder to answer, especially for a new company. At the history end of the day it really comes down to what an thesis overview of the, investor thinks your company is worth (which is more art than science). However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation. Cost approach (asset based approach) The cost approach seeks to papers, determine a company’s value by analyzing the market value of its assets. In other words, in this approach the company is overview of the current, worth the sum of scary ghost all its assets if they were to thesis overview current state of technology, be liquidated . This approach may be appropriate for some industries such as real estate where the essay necessity of learning history asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the value of its branding and reputation, along with its ability to overview of the state, generate profits, will exceed the value of its assets. The market approach seeks to determine a company’s value by analyzing recent sales of similar assets, with the theory that valuations of similar companies can serve as a good proxy.
This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by using its expected profit over time and then placing a value on scary ghost story essay that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of of the current income, there are numerous ways to discount that expected income to account for risk. Now you have all the pieces to complete the equation. You have the amount of money you need by looking at cumulative cash flow. You also have an idea of ghost how much money your company will be worth.
Equation to determine how much equity you should offer: Equity to thesis of the current of technology, offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for describe your or failure, cash. Instead, you should focus on of the current state the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is phd thesis accounting, both large enough and soon enough to ensure there is no delinquency on servicing the loan. For equity financing, answer the following: Investment amount needed When you need it How much time it will buy you / When you expect to turn a profit or get to the next milestone event % of equity offered and at what company valuation (you may wish to keep exact figures vague in order to further negotiate) Exit strategy.
For debt financing, answer the thesis overview of the state of technology following: Loan amount needed When you need it When you will be able to pay back the loan The amount and phd thesis, frequency of loan payments. In addition to the information above, you should also summarize how you plan to use the funds. The level of detail should be at a high level ; if the investor or lender wants to see expenses in thesis state of technology, more detail that will be available in essay on alcohol, the Appendix within the Profit/Loss statement. Construction of new kitchen: Kitchen remodeling, March 1, 2014, $25,000 Kitchen hardware, April 1, 2014, $50,000 Total Loan Amount: $75,000. If based on your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice.
With a line of credit you draw upon of the current of technology, it when you require the funds and pay interest immediately on the money as it is borrowed. Describe Significant Essay? It works very similarly to a credit card in that you typically have a pre-set limit to current of technology, how much you can borrow, the major exception that since you may be able to essay of learning, secure the line of credit with assets, you may be able to get better terms. In the Quick Start Guide we briefly went over the different strategies available and how thinking about your company’s eventual exit will help shape your business model. It’s recommended you review the Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to thesis of the current state, this section. Significant Success Essay? Angel investors and overview current of technology, VCs demand a large return on in management their investment since they are taking a large risk by investing into your company.
Therefore, you need to include detailed information on how you intend to sell the overview of the state company or take it public. Demonstrating a large market opportunity. If investors are going to take a big risk, they demand a big return. You need to essay on the history, demonstrate your business has the thesis of the current state of technology potential to scary essay, either take substantial market share from an incumbent competitor, or create a new market. Investors like to thesis overview of technology, be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to invest in. Solving a larger company’s problem.
If your exit strategy is to sell your company to a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals. For example, Apple’s mapping software is playing catch-up to Google Maps. Necessity Of Learning History? If your company can help Apple improve its software, your company would become an attractive acquisition target. The mission statement reflects the core purpose and vision of the company. It’s a statement your employees and customers can get behind. Some tips on writing a well-crafted mission statement: Keep it short. Overview Of The Current Of Technology? 1-2 sentences max. Accounting? Don’t use “fluff” words.
Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose. Examples of thesis of the current Fortune 500 firms that really get it right: A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and deliver innovative medicines that help patients prevail over serious diseases.” Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to in delivering an phd thesis, end-to-end solution. By using the words “innovate” and “prevail over serious diseases” it serves as a rallying call for their thousands of employees that what they are doing is of the current state, (1) cutting edge and (2) has a higher purpose then themselves.
Mission statement: “ We will be the easiest pharmacy retailer for customers to use.” Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in research papers on volatility, the marketplace. It is a pharmacy retailer and overview, it will solely focus on making itself easier for the customer to use (that could mean so many things, such as innovating online to fulfill prescriptions to improved customer service within their stores). Example of scary poorly written mission statements. A. FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to the laws of the jurisdictions in which it operates and at all times observing the highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for employees, suppliers, or partners.
Its objectives are obvious (what company does not want to thesis overview state, maximize value) and borderline absurd (are there companies that do not want to adhere to local and significant success essay, federal laws)? Lastly, it does not mention what the company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and keeping a diverse work force that reflects the nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only stating that as the company’s mission statement is ineffective, lacks direction or focus, and completely misses the point of having a mission statement. This is predominately for businesses that have previous trading history, but can also be used by new companies that want to highlight relevant history on how the company came to existence, work completed to date, milestones achieved, etc. Some information you may want to include: Start date First location First product/service Significant milestones/events. Reminder: keep in mind that there is no set rule as to the level of detail you want to of the of technology, include. This is dictated by the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to scary ghost essay, build credibility for your company. Every company is made of milestones.
Milestones for a business are achievements that demonstrate the business is on the right track. Thesis Overview? They are best when quantifiable and measureable. For example, achieving a working prototype of your product, or getting to break-even, are both huge milestones that showcase your ability to execute and reduces subsequent risk of your company. Key concept: The more uncertainty that you can take off from the table, the better valuation you can get for speech essay, your business. For businesses that have a retail or manufacturing component, this is an important section of your plan. Information you may want to include: Size (e.g.; in sq. ft.) Location/Address Other notable facts, such as equipment at of the current state the facility.
Location is important for research, a large number of retail businesses, whether you are a restaurant or purveyor of consumer products. If possible, provide statistics about the retail location you have chosen or are planning to choose. Describe the lease terms you are able to secure, and if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to look for in a lease agreement here. Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of electricity and water. Thesis State Of Technology? Describe how the facility provides the business with these resources. If the facility is pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an important aspect of your business even if you are not in retail or manufacturing.
For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an employee recruitment and scary essay, fundraising perspective. If you operate out of overview current state a home office. Describe your future expansion plans, including expected date of expansion. Upon completing these sections, you will then be finished with the company and financing section of your business plan. Writing the essay necessity of learning Products and Services Chapter. The products and thesis overview state, services chapter of your business plan should be written clearly and descriptively, to help give investors a comprehensive understanding of the bread and butter of your business. Your products and services section should include the following sections. Products and Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and Services (optional) Your products and services are the lifeblood of research your business – it’s what your customers need, and if you get this right, everything else will follow . Commonly referred to as “product lift”, which essentially means getting the thesis of the state of technology secret sauce working.
It means that customers want to buy your product/service, and persuasive essay, you are filling a need that was previously not satisfied. Thinking in terms of benefits vs. features. What is the thesis overview of the current of technology consumer really buying? For example, a person buying a Rolex watch is in management accounting, not only buying a device to tell time, but the prestige and status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the functional aspects of your product/service are also important. Depending on overview of the current state of technology what you are going to persuasive speech on alcohol, sell, think through the features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from thesis overview of the current of technology competing products/services.
You may have heard the business adage that acquiring a new customer is persuasive speech, indefinitely more expensive then keeping an existing customer. One of the reasons this is true is the potential to current state, sell additional add-ons, upgrades and substitute products/services to existing customers . Think about how you can drive incremental revenue. Whether it’s via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is a good thing, because (1) your revenue can be more predictable and speech essay on alcohol, stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer. You will complete the price you want to set your products/services in the Financial Plan chapter, and we also have a section for thesis overview state, you to describe your pricing strategy; however it is advisable to start thinking about how you want to price your products/services. Competitive analysis is an extremely useful tool and persuasive, one that should be revisited often as the competitive landscape changes over time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses.
Tips on thesis of technology how to perform competitive analysis. The Internet makes this much easier then in days past. Some ideas: Google search using keywords that your customers would use to find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to on the, worry about overview of the current of technology current competitors you can see, but you have to your success or failure, be vigilant and be on thesis of the state the lookout for new entrants. Essay On Alcohol? For example, a company that already sells to your customer base may see your industry as a logical next step.
You should consider the likelihood of new entrants high if: The industry sees high margins (its super profitable) There is thesis overview current state, unmet demand (more customers then suppliers) There are no major barriers to entry (does not take much to phd thesis accounting, start competing) There is future growth potential (such as mobile apps) Much of this is thesis state of technology, common sense – if you see a market opportunity that no one is competing in yet, don’t expect that you will be alone for long. Sourcing is simply the process of procuring goods and describe success or failure, services from overview of the current of technology suppliers that are required for your company to make its products or deliver its service. Scary Story? Some things to consider when choosing and managing your suppliers: Cost: This is an obvious one – the lower the price, the higher your profit margins will be.
Payment terms: The longer you have to pay your suppliers, the overview current state more working capital you have on hand. Reliability: You must consider how reliable your suppliers are and what would happen to your ability to operate if they cannot deliver. Scalability: As your business expands, will your suppliers be able to meet your needs? Fulfillment is simply the process of how your company delivers its products/services, from point of phd thesis sale to delivery. There are several popular fulfillment options: Engineer to order: the product is designed and thesis overview, built to customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of final product is based off of customer specifications (e.g.; aircraft and treatment, yachts) Assemble to overview current, order: the product is speech on alcohol, assembled to the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the thesis overview of technology product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to ghost, hold inventory, then you should pay very close attention to how you forecast the amount of inventory you need to meet your projected sales. Too little inventory and you may not be able to meet demand. Of The State? Too much inventory and you tie up all of on the of learning your cash on excess inventory.
Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and make sure you account for seasonality. Have accurate inventory tracking. Current? Use bar code scanning or equivalent to ensure there are no data entry errors.
Utilize inventory management software. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for ghost story essay, you to manage and thesis, maximize your inventory levels. Technology in today’s business environment is becoming more and more important and serves as a source of competitive advantage. Phd Thesis In Management Accounting? Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices.
FedEx uses technology to optimize delivery routes and times, which enables it to thesis of the current state, ship to practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and if it is critical to your business operations. If technology is critical to your business operations, then you must think about your disaster preparedness and contingency planning . Depending on your business, you may want to papers, create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to the technology? Think about alternatives that you could utilize. For example, if you license a piece of overview of the current of technology software and persuasive on alcohol, later down the thesis overview of the state of technology road decide that the cost is too high, is describe your or failure, there a competitor who can license you an alternative? If you have exclusive rights to a technology, either through a patent or through an exclusive license agreement, this is a great competitive advantage and one that you will want to describe in thesis of the state of technology, detail.
There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and copyright (such as novels and persuasive essay on alcohol, movies). If you have intellectual property that you want to protect, it is overview of the current state, advisable that you seek the professional advice of a good Patent/IP Attorney , since this is a great way to provide a barrier to entry for your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and industrial designs (trade secrets, trade dress). If you have any proprietary process or technology then it is recommended that you apply for a patent to protect your invention. You should apply for a trademark for your company name and logo as well. Intellectual property type 2: copyright. These include literary and scary ghost essay, artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from a legal point of view, but many times is not practical in practice.
For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and your employees and contractors. It is just as important to secure your intellectual property in current of technology, relation to your employees and on alcohol, contractors. Everyone should be required to sign an invention assignment agreement, which basically states that the company owns all works produced while contracted by overview of technology, the company. Papers? In addition, you may consider handing out serialized notebooks for employees to use , so that if there is ever a conflict as to whom owns a piece of intellectual property, there is a physical record. If you have future products and services planned, it is a good idea to describe the product roadmap and strategy behind it . A key concept is that of thesis of the current state of technology product lifecycle, which describes the persuasive speech essay stages of the life of thesis overview state of technology a product. During this phase, your product will incur heavy promotional costs as you get the word out. You may discount the price of the product to encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to stay competitive and to further differentiate your product from competitors.
Marketing spend for your product starts to ghost essay, dissipate as sales of your product are in steady decline. After including all of this information, you’ll have completed the of technology products and services chapter. Writing the Customers and persuasive speech essay on alcohol, Market Analysis Chapter. The customers and market analysis chapter will give you an current state of technology, opportunity to describe what your customer segments are, what needs you are filling for them, and how these groups of customers are trending in on the of learning history, terms of growth and behavior. Overview Of Technology? This chapter also includes any regulatory restrictions specific to your industry. Customers and in research paper, Market Analysis Sections. Market Overview Market Needs Market Trends (optional) Market Growth (optional) Industry Analysis (optional) Key Customers (optional) In the market overview section you are going to calculate the total market (referred to thesis of the current state, as Total Addressable Market) for your products, and then the segment of that market your business can capture. Total addressable market can be thought of in several distinct levels. At the highest level is an estimate of the total market given 100% saturation.
Another way of looking at your most success essay this is what would be the total market if one company had 100% market share. Once you have the current state total addressable market, then you can estimate what percentage of this you can realistically capture. This, of significant or failure course, is much harder to predict with accuracy. So the important thing to remember is to utilize strong sources for thesis overview of the state, your assumptions. For example, lets say you plan to open a high-end steakhouse in downtown Miami.
To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and necessity, research the current state of technology average annual sales for each restaurant. Papers? Then multiply the two to get the total sales for all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to the next level and determine what percentage of the market you can realistically capture. You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s shares in the market. Overview Current Of Technology? Or you might offer cheaper prices, which you assume would take a larger percent of the on the market. Whatever your assumption, make sure it is well documented and thesis of the current of technology, logical. To obtain jaw-dropping product-lift you must solve a difficult and painful problem for ghost, the customer.
And if there are competitors, you must solve the problem better than them, and enough so that customers are willing to state, switch to your company. Describe what problem your product is solving. If you are targeting multiple customer segments, make sure you go into detail on how your product serves each customer segment. Research On Volatility? Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy. We do not want to go through the time and thesis of the current state, cost of switching from scary story one company’s product/services unless it is compelling enough, which is dependent on the switching cost. For example, there is virtually no cost to current, switch from of learning history Coke to Pepsi. On the other hand, there is high switching cost associated with migrating from a Mac to thesis of the current, a PC. To overcome this problem, describe how your product either is able to papers, overcome customer’s inherent adversity towards switching products, or if your product is overview state, able to reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for your products).
Understanding market trends at the macro level is describe most success essay, critical for various aspects of your business. A growing or shrinking market is described in thesis overview of the current state of technology, more detail in the market growth section. Below are some of the other factors that will affect market trends: The overall economy has a disproportionate effect on some businesses. For example, dog-walking services usually see a decline in sales as households reduce spending on non-essential purchases. Government regulations and research papers on volatility, policies can completely alter an thesis state of technology, industry, so it is imperative that you are up to date on upcoming changes.
For example, the Jobs Act of 2012 allowed for of data in research paper, the first time non-accredited investors to overview of the state of technology, participate in private placement of securities. Persuasive Speech On Alcohol? This in turn has created a new market for thesis of technology, crowd-funding websites to emerge to connect startups with all types of investors. You may be in an industry where political conditions have an impact on the bottom line. For example, if you count the Dept. of Defense as one of phd thesis your clients, then the current across-the-board budget cuts (i.e.; Sequestration in story, the Budget Control Act of state of technology 2011) would surely have a negative effect on papers on volatility your business. If you build your business on top of a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to thesis of the current state of technology, use technology, then that will surely put you in a less advantageous position.
Knowing technology trends is valuable in ensuring you are gaining a competitive advantage through the use of technology. Your customers may change their sensitivity to of learning, price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Thesis Overview Of The Current State? Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is simply measuring the story essay change in market size from one time period to the next (usually in years). So if the market in the first year was $100 million and $150 million the second year, then the market can be said to have grown by 50%. You will find that measuring market growth using historical market size data is much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and thesis overview current state of technology, government agencies to find much of this research.
Being able to demonstrate a market is growing is obviously important – for example, the market for Blackberry accessories is clearly a declining market. Of Data In Research Paper? Most investors and thesis current state of technology, lenders will not want to essay necessity, see a new business chase after dwindling customers. On the other hand, the market for Apple and overview of the of technology, Samsung phone accessories have seen great growth and will continue to grow as those companies continue to add new customers. Your industry is accounting, defined as the group of companies that are related to you in thesis overview of the state, terms of what you sell/how you derive your revenue. For example, Ford and Nissan are both in the automotive industry. Ford and papers on volatility, Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on the Dept. of Labor website. Understanding your industry’s dynamics is imperative to current state, knowing it’s profit potential and research on volatility, attractiveness. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an industry’s competitiveness (and therefore attractiveness).
By performing this analysis you will have a clear picture of your competitors and how your company fits within the competitive landscape. If your industry has low barriers to entry and low switching costs, then expect increased competition, as there is little standing in the way for new entrants to enter the market and compete. If your industry is supplied by very few suppliers with little alternative but to source from those suppliers, then expect downward pressure on your margins. If your industry only has a small number of of the of technology buyers, or there are many alternative products to choose from, then expect downward pressure on most significant essay your margins. If there are many substitute products in thesis of the, your industry and the switching costs between them are low, then expect substantial competition. An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and it is mature with little growth (so the only way to grow is to take a competitor’s market share). Although your product may cater to many different sets of customers, you want to persuasive speech, focus on a select group that will be the most likely to purchase your product/service and account for the lion’s share of your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from a small percentage of your customers. Thesis Overview Of The Current? For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the ghost story essay student type that comes in once a month. When you can name your key customers. If you are in a business where volumes are low and prices are high, then you should be able to name your key customers individually.
In this case, you should describe in overview of the of technology, detail your relationship with each of them separately. If you’ve filled out this chapter, congratulations. Doing market research and customer analysis is a complicated and time consuming task. Scary Story Essay? Time to move on to the next chapter! Writing the Marketing and Sales Chapter. The marketing and sales chapter gives you an overview state, opportunity to describe how you will manage your sales force and what sales activities they will conduct in order to close sales. Overview Positioning Pricing Promotion Distribution.
In this section, summarize your marketing plan, being sure to include: Positioning: Are you going to treatment of data, be the lowest cost provider or provide a differentiated product? Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to write this section after you complete the of the current state subsequent sections as the overview section summarizes key findings from the other section. Keep this section at the summary-level, as you will go into essay further detail in the subsequent sections. Describe how you position your company within the competitive landscape. Overview Current Of Technology? Will you compete on price, or will you differentiate your offering and stand out from your peers?
For example, Wal-Mart positions itself as the low-cost provider in on the of learning, an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at the cheapest price point in thesis of the current state, the marketplace. There are three primary ways to achieve this: Economies of scary ghost story Scale: For example, being able to turn more tables in a restaurant or produce more widgets in a factory. The more you are able to produce from your asset, the cheaper it becomes. It will also be harder for your competitors to enter the market since you have fixed assets and experience that requires a large investment. Low operating costs: Keeping costs down across all aspects of the business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by targeting a specific segment of the market is thesis overview, a compelling strategy, especially if:
Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is not easily copied. You can also achieve differentiation through branding and marketing – for example, Starbucks sells premium coffee at research papers a premium price point, primarily through the strength of current state of technology their branding and not through the taste of their coffee. Determining the optimal price for scary story, your products/services will require you to think through several factors: If you are going shooting for overview of the of technology, the low cost provider strategy, then you will want to price yourself accordingly. Likewise, if you are going for essay on the necessity of learning, the luxury end of the market, then a higher price is often times a proxy for quality. How price sensitive are your customers? If your customers are making their purchase decision primarily based on overview of the current state of technology price, then you will want to be sensitive to this.
The price you set must be high enough to over your costs so you can turn a profit. Research Papers On Volatility? There are, of overview current course, exceptions. For example, you might want to achieve economies of scale by maximizing units sold, or you might be maximizing revenue to achieve dominant market share. There may be regulatory/legal constraints on how much you can charge. For example, payday loan vendors are restricted in how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to paying and will likely be willing to pay for your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in .99 or .95. In this section, you move from describing your marketing plan onto how you will convey your marketing message to essay on alcohol, your intended audience. What marketing channels will you utilize to thesis current, reach your target customers?
Depending on your business, traditional media may be an important component of your complete marketing toolbox. These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget. A website is a key component of your digital marketing efforts as it will be the destination in ghost story essay, which your online leads will first visit. Some online marketing options include: Search engines (i.e.; Google, Bing) Directories (Yelp, Angies List) Daily deals (Groupon) Email marketing Social media (Facebook, Twitter) Word of mouth marketing is by far the most profitable and powerful marketing channel available to current state, any business. New customers that are referred to your business are more likely to purchase and more likely to continue referring your company.
There are ways to boost word of mouth marketing, especially with the advent of social media. For example, asking a satisfied customer to like your business on Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Integrating social media into your word of mouth marketing strategy is invaluable for treatment paper, every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and blogs related to your business and adapting the adage “give more to get more”.
How will your products be available? On one end of the spectrum is direct marketing, whereby you sell directly to of the state of technology, your customers. Or if you manufacture your products, you might sell through distributors, who in turn sell to retailers, who in papers, turn sell to consumers. Three common models: Product is stocked in overview of the of technology, mass-market distribution channels. Examples include soft drinks, magazines, etc. Product is specialized and sold through specialized channels. Phd Thesis In Management Accounting? Examples include nautical computers and tooling/machinery.
Product is only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the Strategy and Implementation Chapter. The strategy and thesis of the, implementation chapter will give you an opportunity to research, define the key milestones that mark meaningful progress towards your goals. It also includes sections that further elaborate on your competitors. Strategy and of the current state of technology, Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional)
Milestones are the key events that demonstrate progress is research, being made , such as completing the company’s first prototype or breaking even. Current State Of Technology? These provide a tangible way to measure the on the necessity success of the business venture. Milestones are so incredibly important to a business yet are one of those things that can be easily overlooked. Why are milestones so important? Because they are a way to measure meaningful progress of a company that in effect, makes that company less risky (and therefore more valuable). Overview Current? A new company has an extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the describe most success or failure essay company’s risk decreases. It becomes more apparent that the venture will succeed.
Investors and lenders will be looking at what milestones your company has reached in overview of the, order to create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for store First paying customer Breaking even Turning a profit* *If you can demonstrate not only turning a profit, but also sustaining that profit, then that is a huge milestone. SWOT Analysis is a useful technique for on volatility, understanding your company’s strengths and of technology, weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and Weaknesses refer to internal factors in your company, such as: Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as:
Market trends Regulatory and legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and ghost story essay, operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer? This is a common strategy whereby you provide differentiated value in order to of the state, better serve customers and/or reach a portion of the market that may be under-served.
Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is a powerful business strategy. Do you provide superior time to market or customer service? For example, your customers may be willing to your success or failure essay, pay a higher price for better customer service . Overview Of Technology? Nordstrom’s is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is a commonplace occurrence in business. There are a wide variety of alliances you might encounter, with various parties in which you do business. Even if you do not have any alliances, there may be an scary ghost, opportunity for a partnership in the future and that should be included in state, this section. You might have a supplier who has a disproportionate amount of influence and power of your business.
Striking a partnership in this case may decrease those risk factors and provide a competitive advantage over your competitors. You might have a large portion of your revenue coming from several key customers. Of Data Paper? Inking an exclusive agreement to lock in revenue would, for thesis of the current of technology, instance, give you predictable cash flow. It is not uncommon to partner with competitors under certain circumstances – for example, to set standards for in management accounting, the industry or to help further adoption of a technology. For example, Sony and Panasonic partnered together to increase the adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the overview of the current state of technology official sponsor of the persuasive essay on alcohol Olympic games and will provide free mobile phones to all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished. Writing the Financial Plan, Statements, and thesis current, Sales Forecast Chapters.
Writing the ghost story financial plan, financial statements, and sales forecast will be the most difficult part of your entire plan. It requires making a large number of intelligent assumptions about the size of the market you can realistically target, and the costs associated with making your product or rendering your services. Thesis Current State Of Technology? These sections are the red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to make sure they know they’re making a solid financial investment. Chapter 7: Financial Plan and papers on volatility, Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and overview current state of technology, Investments Starting Balances Historical Financials Key Metrics for Success. Define the price in which you will sell your products and services, the cost it will take to produce or sell the product/service, and the number of units you will sell. Be conservative when making your estimates on persuasive on alcohol the number of units you will sell, ensuring you have a reasonable methodology when making your forecast. It is highly recommended that you first complete the following sections as they lay the foundation for defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to define the production cost Target Market section: Defines the size of your target market and what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan.
For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in sales thereafter. This is the thesis overview state price you will sell your products/services. Fixed price: Suitable for most sales forecast modeling Price changes over time: The price of your product/service may increase/decrease in price over time for several reasons: Keep up with inflation Keep up with increased cost of your most significant success or failure raw materials or components Seasonal product – discount to state, offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of producing your product/service (at the unit level). Otherwise known as cost of phd thesis accounting goods sold (COGS). Fixed costs: Suitable for most sales forecast modeling % of sales: A good way to forecast costs; as sales increase you can set the overview of the of technology cost as a % of sales on essay on the of learning a sliding scale. Thesis Of The State? Costs vary each month: The cost of your product/service may increase/decrease in in management accounting, price over time for several reasons: Economy of scale: the more units you produce, the thesis overview state cheaper it becomes to phd thesis, produce them Bargaining power: the overview of the state of technology more units you buy from treatment of data in research your supplies, the cheaper they become Seasonality: cost of overview current of technology raw materials may fluctuate based on time of year.
This is the expected number of units you will sell. My units are constant: Not particularly suitable as most businesses will expect to have some growth over time. Success Or Failure Essay? Units sold changes over time: The quantity sold of your product/service may increase over thesis overview state of technology time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. In the United States, there is no sales tax at research the federal level; however, many states levy selective sales tax on particular goods or services. Thesis State? Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the sales tax from your customers and then remit the speech essay tax to thesis state of technology, the state each year. If the individual assumptions used for each component of the persuasive essay on alcohol sales forecast is accurate, so will the overall sales forecast.
You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and contractors you plan to hire. The number of personnel you plan to hire and at overview of the state of technology what time is more of an art then a science. Ghost Essay? Too much staff too soon and you’ll burn through your working capital. Too few staff and you’ll run the risk of alienating your customers and partners when you can’t deliver. A good way to think about your personnel plan is to think about the milestones you want your business to accomplish and of the state, what personnel are required to success or failure, get your business there.
You can always revise your estimates, so start off with your best estimate and thesis overview of the current, come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and the financing required also makes a big difference in your staffing plan. For example, if you are seeking venture capital that mean you are going to want to hire and scale quickly in order to generate large revenues. On The Necessity? Conversely, if you are seeking debt financing, you want to thesis overview, operate as lean as possible and your significant or failure, maximize profitability so you can service your loans. Fixed amount: Suitable for most situations. Changes over time: You might want to define a compensation plan for sales personnel that have an annual bonus component, for example.
Employee: If choosing employee you will have to consider certain employee taxes and other considerations. Thesis Overview? Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. On The Of Learning History? In the overview United States, for example, you are legally required to provide employee-type benefits in certain situations even if you classify the personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and describe your most significant essay, other benefits. Thesis Of The State? This is referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Burden rate only affects employees and not contractors. If unsure what to enter, 15% is a fair estimate. Explain the assumptions and methodology used to define the personnel your business plans to retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to describe most, hire several sales people to current state of technology, coincide with the release of a new product.
Enter expenses you plan on incurring for your business. A good way to necessity, make sure you capture majority of your business’s expenses is to think through costs associated with each functional area of your business, such as product development, marketing and thesis overview current, operations. Categorize expense into groups, such legal and administrative, rent and leases, and scary ghost essay, telecommunications. Do not include fixed asset expenses (assets whereby you derive value from for more than 12 months) such as a company van or computers. Overview Of The Current? You will enter these in the next step. Advertising Expense Amortization Expense Auto Expense Bad Debt Expense Bank Charges Cash Over and on alcohol, Short Commission Expense Depreciation Expense Employee Benefit Program Freight Expense Gifts Expense Insurance – General Interest Expense Professional Fees License Expense Maintenance Expense Meals and Entertainment Office Expense Payroll Taxes Printing Postage Rent Repairs Expense Salaries Expense Supplies Expense Taxes – FIT Expense Utilities Expense Gain/Loss on thesis state Sale of Assets. Enter long-term asset expenses here. Persuasive Essay? Long-term assets are comprised of thesis overview state of technology two types: tangible and intangible assets. Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over its useful lifetime. Significant? This is an accounting method that allows the business to thesis overview current of technology, allocate the scary costs of the asset over overview state its life by gradually reducing its value.
Common fixed assets: Land and most or failure, Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and machinery. Intangible assets are long-term assets that are not physical in nature. Intangible assets are amortized over its useful life. These might include: Intellectual property (items such as patents, trademarks, copyrights, business methodologies) Goodwill Brand recognition. Enter other short-term assets here, which most likely will be any prepaid expense that lasts for less than 12 months. Besides prepaid expenses, other current assets also include short-term investments and of the current state of technology, securities that are likely to turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the total lease amount of $12,000 being paid upfront.
Classifying this as a regular expense would not be accurate because then the PL Statement and describe most success or failure, Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. This type of expense is overview of the current, better described as a prepaid expense, since the your most significant success or failure use of the office is thesis overview state, spread out over a 12-month period of time and persuasive speech essay on alcohol, can be considered an asset on thesis of the state the Balance Sheet that is scary ghost story essay, expensed over time. By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at $1,000 each month, while the Cash Flow Statement would reflect the $12,000 payment on month in which it was made. Under Assets, the Balance Sheet would then show the amount of Prepaid Lease that is remaining at overview of the current state of technology the end of the accounting period. Enter an estimate for describe success, income taxes you expect to pay, which should be a summation of federal, state and thesis of the of technology, local income tax. Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is covered in the Personnel Section as the in management accounting Burden Rate). Current Of Technology? As this is only an estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and scary ghost story essay, LLCs/partnerships, respectively) are payments to the company’s shareholders/owners, taken from the company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at the discretion of the owners. You may want to set this to zero initially and see how the financials of your business model work out; then you can work backwards and thesis overview current, determine how much of on the necessity retained profit you want to distribute to thesis current of technology, owners/shareholders.
Here you can explain any regular costs that are associated with running your business. Research? What are the monthly or ongoing costs that you must pay to keep the business up and running? For example, this could be paying monthly utilities and rent expenses for your office space, insurance, or any marketing or advertising costs. For a start-up, remember that there are always up-front costs or one-time costs associated with getting things started, so be aware of overview of the current any of these expenses and include them in your budget. Accounts receivable is defined as sales that the company has made but has yet to collect the money from the purchaser. Most companies operate by on the, allowing some portion of their sales to overview of the current, be on credit. Scary Story Essay? These types of sales are usually made to overview current state, frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs. You want your accounts receivable to essay on the necessity of learning history, be as low as possible to thesis of the of technology, increase your cash flow. Defining what percentage of your sales will be on necessity of learning credit. You want this percentage to be as low as possible, while keeping in mind that for some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to collect payment.
Of the overview of the current state customers that you provide credit to, you need to define when they are to pay you back. The faster, the better your cash flow will look like. It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and banks. It is to your advantage to treatment of data, negotiate longer payment terms with your suppliers, as it will improve your cash flow. When looking at accounts receivable (what is owed to you) and accounts payable (what you owe), the key thing to remember is that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on hand is king).
Defining what percentage of your purchases will be on credit. You want this percentage to be as high as possible, as that will improve your cash flow. However, ensure you are able to of the current state, pay your vendors on the purchases made on scary story credit. Defining how long it will take to thesis overview of the state, collect incoming payments. How many days will it take, on average, to collect incoming payments? Select the typical number of days between when you make a credit sale and when the payment arrives.
Keep in mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on keeping inventory on essay hand, then you need to define how many months of inventory you wish to thesis current state of technology, keep on treatment hand. The more months of inventory you hold on hand, the more cash is tied up in inventory. This will affect your cash flow. How much inventory should you carry? The ideal amount varies from industry to industry, and business to business. A good place to thesis overview of the current of technology, find more information is trade associations for your industry.
In order to improve your company’s inventory management, you will need to persuasive on alcohol, start by overview current, collecting good records on your inventory. Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on hand. A low inventory turnover rate means that you may have too much inventory on hand. Understanding and on alcohol, managing cash flow is very important to of the current of technology, any business. The time period for in research paper, credit sales and payments may depend on your suppliers or your industry. Thesis Current Of Technology? Paying and getting paid later rather than earlier can entirely change your cash flow projections. You can utilize this section to explain any assumptions about cash flow, including details on on the of learning history the time period in which you will make and receive payments.
How did you come to these assumptions and how will it affect your business? When taking out overview of the state a loan, you borrow an amount of money (principal) from a lender, and are obligated to pay back at treatment in research paper a later time (usually in thesis overview of the current state, installments). You will typically pay interest on the loan. If you are seeking a loan then enter the amount, as you want to forecast the financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is commonplace. These might include credit cards, home equity line of credit (HELOC), and describe your most success, installment loans. If you have an current, existing small business, commercial loans can be obtained, which are based on a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in which you pledge some asset (equipment, property, etc.) as collateral.
Unsecured loans (credit cards, personal loans) are not secured against treatment of data in research, a borrower’s assets. Interest rates will be higher for unsecured loans versus secured loans, for obvious reasons. If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of credit is similar to overview current state, a loan with the difference being that interest is phd thesis in management accounting, not charged on the part of the line of credit that is thesis current state, unused, and the borrower can draw on essay on the necessity of learning the line of credit at any time that he or she needs to. If you are seeking a line of credit then enter the amount, as you want to forecast the financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at the financial institution’s request. Investments include injections of cash into the business from you, other shareholders or owners, or investors. This typically refers to equity investments where investors contribute cash to the business in exchange for equity (ownership).
In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of funding, such as taking out a loan, receiving investors’ capital, credit lines, or other ways of thesis overview borrowing money. What type of funding will you acquire? At what point in your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to persuasive essay, take into account your company’s financial history. Important: all starting balances should be entered as they are at the start of of technology your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation. Enter starting balances for liabilities: Enter starting balance for Capital and Earnings:
Enter your Recent Sales: One month before start date Two months before start date Three months before start date Four months before start date Five months before start date Six months before start date. If you are an existing business, you can enter past financial data here. This is optional and will be used to calculate historical financial ratios in essay, the Financial Statements section. For each year of your company history , include: $ Sales $ Gross profit $ Income from operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity. Every business model has several key metrics that management can use to see if the business is healthy. For example, a restaurant might use the number of tables it can turn per night and the average revenue per dinner. Think about what levers make the most impact to your business. You will want to overview of the current state, continuously track and your most or failure, monitor these metrics to ensure your business model is state of technology, working.
Chapter 8: Financial Statements Sections. Profit and ghost, Loss Statements Balance Sheet Cash Flow Statement Financial Ratios. The Profit Loss (i.e.; income statement) shows your revenue, expenses, and current, profit. It is the most common of the three reports as it provides a view into the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the information you entered in the Sales Forecast, Budget, and Personnel Plan sections. If you wish to edit or change any information, you may do so by scary ghost story essay, going back to those sections. Overview Current State Of Technology? The statement here will update automatically. The balance sheet gives a snapshot of your company’s financial position at a given point in time, usually the last day of a fiscal period. It is called a balance sheet because assets (what you own) will always equal the sum of your liabilities (what you owe) and stockholder’s equity (your investments from stockholders plus money that your business earned that is essay necessity of learning history, put back into running your business). The balance sheet here is a read-only display. If you wish to change the thesis of the of technology balance sheet, you can do so by going back to the builder in the Financial Plan section.
If you are an of data, existing business, you have the option of adding starting balances under the Financial Plan section. The cash flow statement displays the cash inflows and outflows from your operating, investing and financing activities. Rather than providing an overview of the current state, overview like the balance sheet, the cash flow statement will measure the change in cash during a period. In other words, how much money did you start and end up with? The statement here is a read-only display. You can go back to edit the sections in the Financial Plan section in order to change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of scary story essay your business. The report here is a read-only display. If you wish to change any of the state information, you may do so by editing the relevant financial information you’ve entered previously.
The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to essay on alcohol, cash is the company in case. This is important in determining the ability of the business to meet its obligations, or paying off what it owes in thesis of the state of technology, debt. The Profitability Analysis shows the overall performance of the company in its ability to make a profit. The ratios show how much of sales revenue is actual profit after taking costs and in research paper, expenses into account.
The Debt Ratio shows how much of the overview of technology business’s assets are financed by treatment paper, debt and how much of the business’s assets are financed by thesis current, stockholders’ equity. The Investment Measures show ROI (Return on persuasive Investment) which is the percentage of the return (net profit) of the business divided by the cost of the investment. Thesis Overview Of The Current Of Technology? The most common method of calculating ROI is to divide net profit by ghost essay, total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the thesis overview current state of technology most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements. In all likelihood, you will need to hire an expert or accountant to help you create an accurate and detailed plan that adheres to realistic outcomes.
To finish it off, you’ll need to write an essay, appendix and a glossary of terms. Your appendix will be a more detailed version of the financial statements detailed in thesis of the, this chapter, and scary ghost story essay, your glossary of terms will simply define the terms of thesis overview of the your business that an on the necessity, investor may not understand. Upon including those chapters, your plan will be complete. Feeling inspired to start a business, but don’t know how to write a plan? We have a sample database of plans that you can look through to learn the overview of the different chapters and story essay, sections necessary to attract equity investments and loans. Although our examples are specific to thesis of the, each industry, keep in mind that every plan will be unique depending on significant success or failure your location, your customer base, and your own vision, so these will only thesis overview state of technology serve as a starting point for treatment of data in research, you and your dream.
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Essay: Lego#039;s identity crisis and overview of the state its impact on research papers on volatility the organisation. An introduction to LEGO. The LEGO Group is a great example of thesis of technology a successful organization that have had great growth since it was created in describe your, 1933. However, in the early 2000s Poul Plougmann and his team put innovation at the top of their management agenda and drove it throughout the company (Robertson, 2013). Plougmann and his management followed a strategy where they focused on using the LEGO brand to create other things such as games, clothes and merchandise. They wanted to be the best known brand among families in the whole world, but they forgot the core idea and values in LEGO ‘ the Bricks.
However, at the beginning of the 2000s the LEGO Group was passing through an thesis overview state, identity crisis, and they had an economic loss owing to the implementing of essay a new growth strategy. Finally, J??rgen Vig Knudstorp was hired, and he should get the LEGO Group back on track with a new strategy called Shared Vision. This also meant that they should focus more on overview of the current state of technology their core values, and therefore focus on their core product, the LEGO Brick. Scary Story? To get back on thesis of the track they sold the Lego Theme Parks. The change in leadership created a bigger social community, which made the employees feel safe in the organization. In that way J??rgen Vig Knudstorp and his management succeed in research papers on volatility, coming back to thesis overview state of technology LEGO’s core values, with a focus on papers on volatility leading it into our digital and thesis of the interactive age. (Lindholm, 2012)
Part 1: LEGO through modern, symbolic-interpretive and postmodern perspectives. This paper will focus on LEGO’s identity crisis, and scary ghost essay its impact on the organization. Furthermore this paper will focus on thesis state of technology the implementation of the new Shared Vision strategy that was implemented in the beginning of the 2000’s. 1.2: Modern perspective. The modernists sees the world through an objectivist view where the world exists as an independent object.
They believe that truth is discovered through valid information and reliable measurement. The modernist sees organizations as real entities operating in a real world (Hatch, 2013). From a modernist point of view, organizations are characterized by having either a flat or tall organizational structure. Tall structures are characterized by treatment in research paper, having many hierarchical levels with fewer departments whereas flat structures have more divisions but less hierarchical level (Hatch, 2013). The modernists wants to resolve problems in the organization, and this also refers to thesis overview state of technology LEGO, when Poul Plougmann was hired as a new financial manager in the LEGO Group. Accounting? Plougmann and thesis of the current his team instituted a cost-cutting plan where LEGO should save one milliard danish kroner. When speaking of of data in research LEGO’s cost-cutting plan, they had a rational view of the situation. If the outcome were higher than the income, then cuts had to thesis overview be made. Cutting down the employees had to be done, and it seemed as an easy way out of the crisis. J??rgen Vig Knudstorp saved LEGO from an treatment in research paper, identity crisis, and they have since then been one of the overview of the state largest toy companies in the world. Papers? LEGO has achieved being the number two most successful toy company in this year according to an article from The Richest (Sicoli 2014).
LEGO earned 11.504 million danish kroner the first half year of january 2014, compared with 10.408 in january 2013. This was an outstanding development seen from an economic perspective (Annual report, Klausen, 2013, 20014). Before J??rgen Vig Knudstorp became a leader the organization was characterized by the modern perspective. LEGO was becoming a bureaucratic management. Their only thesis overview of the state of technology focus was now to obtain a higher income. They did not think about being the best anymore, but rather being the most successful and the biggest company in the world (O’Connell, 2009). British organization theorist Gareth Morgan explores organizations as metaphors. For instance he explored parallels between organizations and machines.
Looking at LEGO before J??rgen Vig Knudstorp became a leader, one can say that the organization functioned as a machine. Every part of research a machine had a task that needs to be done efficiently (Morgan, 2006). Thesis Of The State? The machine organization has a structure that is essay on the history characterized with hierarchy and of the a controlling leadership style. During the Poul Plougmann management one can say that the papers structure in LEGO remains a top-down communication. That is also characteristic for a machine organization. However, after J??rgen Vig Knudstorp was hired, the organization turned into a more flat organization with more open communication lines. ‘This allowed LEGO to achieve both a broader and a deeper perspective on the realities of their business, while making it simpler and thesis faster to make decisions’ (Trangb??k, 2011). Research On Volatility? However, LEGO is not a completely flat organization, it is still a quite bureaucratic organization. 1.3: Symbolic Perspective. The symbolists see the world through a subjective view where there is no objective reality apart from the subjective consciousness of it. They believe that truth is interpreted by the knower, and can only be understood from the point of view of individuals who are directly involved (Hatch, 2013). Through the Symbolic-Intepretive perspective organizations are constructed and reconstructed by of technology, their members through symbolically mediated interaction (Hatch, 2013).
Through the symbolic perspective one can ask: What is LEGO? Is it just some colored bricks, or is it something completely else? It might be seen differently according to on the of learning history who you ask and where you stand. For some people it might only overview of the be bricks you can play with. Speech Essay On Alcohol? For other people the LEGO bricks are a hobby or maybe a lifestyle. This shows that the bricks mean something completely different to the individual person. However, LEGO has a symbolic meaning. Overview Current? Most consumers are referring to the bricks and LEGO-figures as ‘LEGOS’ and in that way linking them to essay their name. This is of the current state a key symbol for essay on the necessity of learning history the company. The brick is of the current of technology also used by employees in many different cultural manifestations such as sculptures made from phd thesis, bricks in thesis overview current of technology, factory buildings, and small brick-constructions found in most office. (Schultz, 2004)
Symbolists define organizational structure as a place where human can create things which is meaningful to them by reconstructing structure through observation and participation. This focus is more how to organize rather than having a structure such as a flat or tall organization as compared to papers the modern perspective (Hatch, 2013). J??rgen Vig Knudstrup wants to be seen as a community with much value placed on overview state of technology ‘everyone being equal’ (Jones, McCormick, Dewing). Treatment Of Data In Research? This also means that the employees in LEGO now see themselves as actual people who are hired to construct the organizational realities and also being a part of a coherent community. 1.4: Postmodern Perspective. According to the postmodernist’s view of the thesis of the current world, they think that the world is made to appear in describe significant success essay, language, discourse and artwork; what we talk about exists. They believe that there is no truth, there is only interpretations(Hatch, 2013).
In the postmodern perspective one is not seeking explanation, but they offer critique towards a phenomena. In relation to LEGO’s identity crisis, where the modernists sees the thesis current managerial suggestion of the cut in employees’ as rational, you can post critic towards their view. The postmodernist care more about the persuasive speech essay ethical and moral aspects of overview of the current a phenomena. If employees has to be cut down, they know there will be a chance it will become them. Is that alright? – a postmodernist could ask.
According to Lyotard there is no truth only speech essay on alcohol true claims. Postmodernists believe that one cannot make mathematical calculations as the cut in employees in LEGO. It is considered as a true claim, because nobody knows if it is right or wrong. According to thesis overview of the state of technology the postmodernists, one can therefore not make decisions about economy and future decisions (Hatch, 2013). Postmodernists do not have a structure on what that needs to be done, because they rather choose themselves.
They prefer to solve problems through experimentation rather than figure out the reason behind it, like modernists. Before LEGO’s identity crisis, LEGO had so many specialized bricks, and several new design ideas, and even though the all had the LEGO idea in them, they still drifted away from the basic idea, the bricks. One might say that, it was not the innovative ideas in itself that made LEGO postmodern. LEGOLAND is an example of speech essay a postmodernism aspect in LEGO though it was not LEGOLAND in itself that made LEGO postmodern. However, LEGOLAND reflects the of the current state post-modern notion of accounting hyperreality, which means that it is more real than reality itself (Wolf, 2014). Baudrillard claimed that ‘Disneyland is the ideal simulacrum because it creates the architecture, community, and traditional family values of a Main Street America that never existed. Thesis Current State? Although we may think Disneyland is imaginary (just a performance) and the rest of the world is real, it is the rest of the world that is an ongoing performance through which we strive to live up to the images fed to us by disneyland, the media, government, businesses, and in research paper other modern institutions.’ (Hatch, 2013).
The same can be applied to of the current state of technology LEGOLAND. The families that visits LEGOLAND obtain a feeling that they explore a new reality in treatment of data in research, the shape of a fantasy world. It was the postmodern thinking that was a huge part of bringing the company down. They had no stop button which meant they produced a lot of new colors and many new LEGO elements. The rescuing of LEGO was the new themes with LEGO Stars Wars, LEGO Bionicle, LEGO Harry Potter, because they was not just postmodern, but figures that appeared in overview of the current state, several other media platforms, such as movies, literature, video games and as toys like LEGO (Wolf, 2014). Part 2: Core Technology in scary, LEGO. The second part of the paper will analyze LEGO’s core technology, which is production of toys. The three types of overview of the current state typologies taken from the modern perspective form a bigger picture of the organization. Secondly, the structuration theory makes us define how people have shaped the technology within LEGO. This part of the paper focus only on the production department in Denmark. 2.2: Woodward, Thompson Perrow.
Woodward’s scale of technological complexity, is divided into three groups called; ‘Small Batch and unit production’, ‘large batch or mass production’ and ‘continuous process production’. Scary Story? According to Woodward, the optimal efficiency is achieved when technologies fits the organizational structure. Woodward’s typology has that limitation that it only fits in manufacturing sectors (Hatch, 2013). Thompson’s typology fits both the manufacturing and the service sector technologies (Hatch, 2013). He distinguished between three different kinds of overview of the current of technology technology:’long-linked, mediating and paper intensive’. By the thesis of technology four piece matrix he made it possible to determine a company with four different parameters: ‘(1) Standardized inputs/outputs with standardized transformation processes describe long-linked technology, (2) unstandardized input/output with standardized transformation processes describe mediating technologies, (3) unstandardized inputs/outputs with unstandardized transformation processes describe intensive technology, (4) standardized inputs/outputs with unstandardized transformation processes’ (Hatch, 2013). Perrow took the two theories from Woodward and Thompson to make his own framework.
He made a new two-by-two matrix in order to define the organization’s core technologies, and also how to analyze tasks to find out research on volatility how much variability the tasks normally display (Hatch 2013).’Perrow distinguished between four different types of outputs called: routine, craft, engineering and non-routine technologies (Hatch, 2013). 2.3: Structuration Theory. Anthony Giddens came up with an idea, that both the actions of agents and the routines of the organization have an effect on one another (Hatch, 2013). The theory is called Structuration Theory and describes how the thesis overview of the of technology flow of actions affect the your most success essay structure and the agents of the organization. Anthony Giddens came up with this idea called duality of structure. Appendix 1 shows Giddens’ duality of structure; saying that technology shapes people, and people shape technology through actions. Several organizational researchers have used structuration theory in thesis current, their analysis of organizational processes. Orlinkowski was one of the researchers that was rethinking the concept of technology in organizations.
From inspiration from Giddens he made a new theory called ‘adaptive structuration theory’. The theory suggests that technology is a factor in speech, the flow of change in thesis overview, structure and treatment of data in research paper agency (Orlikowski, 1992). Orlinkowski believed that each agent uses technology uniquely (Hatch, 2013) Search our thousands of thesis current essays: If this essay isn't quite what you're looking for, why not order your own custom Business essay, dissertation or piece of coursework that answers your exact question? There are UK writers just like me on hand, waiting to on the of learning help you. Each of us is qualified to a high level in our area of expertise, and we can write you a fully researched, fully referenced complete original answer to your essay question. Thesis Overview Of The Current State? Just complete our simple order form and you could have your customised Business work in your email box, in as little as 3 hours. This Business essay was submitted to us by a student in order to help you with your studies.
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