The Business Lifecycle Personal Statement Example | Topics and Well Written Essays - 1000 words - 1

The Business Lifecycle - Personal Statement Example I have been very keen on how businesses are started and what entails the whole startup process and I have found out that one of the most important issues to be tackled is the legal issues. I was thinking like there was no problem provided that the business I’m intending to start is a legal one, but to my surprise, my research has shown me otherwise. Company law, a book by CR, Datta, clearly shows that there are a lot of legal issues to be looked into before a business is allowed to operate. Some of them are the registration of the business name, application for health and sanitary permits and seeking permission for building premises to be used by the business. The business should also adhere to Acts and statutes governing what they practice. A look into the Horizon Electronics business plan also confirmed the same to me since they have clearly documented their adherence to the relevant regulations, registration, and drafting of contracts. In my research and coursework, I have also learned that a business has to undergo various stages before it is termed as mature. Charlie Gilkey in his book the business life-cycle offers an overview of stages of a business life cycle. He names them as the inspirational stage where an entrepreneur has a business idea but has not yet implemented it, the entry stage where then entrepreneur has decided to start a business and is actively building the market, the growth stage where the entrepreneurs have a business plan and are growing their revenue streams with new clients and customers, the crucible stage where the demand for goods and services outstrip the entrepreneurs ability to meet them, and finally the cruise stage where the entrepreneur has found solutions to the problems and is moving ahead (Gilkey, 2010). In my view, business requires a lot of hard work and sacrifice especially in its initial stages of development. This is because I have come to learn that there are many challenges associated with this stage of a b usiness. One of the major challenges is that of finding a market for your output. It is a fact that without a market for the output, the core objective of doing business: making profits will not be attained. Proper market research (an organized effort to gather information about customers) should, therefore, be performed before the business is commenced. I tend to believe that it is very essential for this to be done keenly because it also gives an outline on how to market the product. Market research also provides information about the prevailing market trends in the industry and the current market prices for similar goods.  

Business Accounts and Users of Financial Statements Research Paper

Business Accounts and Users of Financial Statements - Research Paper Example This paper tells that each of the users  of financial statements has different needs and interest in financial information. First, investors require financial information to assist in making investment decisions. Before putting their resources for investment purposes, investors have to evaluate the performance of firms to establish whether the businesses can enable them to earn their required rate of return (Fess & Warren 1993). This would help them make an investment decision and determine what amount to invest in a firm. Shareholders are also interested in the financial performance of the firm as it determines the dividends they will receive and the worth of their investment. Firms with good financial performance well will have good share prices and shareholders will need this financial information to determine whether to sell their shares or buy more shares (Nikolai, Bazley, & Jones 2009). Lenders are the second users of financial information. Lenders are either individuals or f inancial institutions that offer loans to firms that are need of funds. Before making their lending decision in terms of whether to lend and what amount to give to firms. They have to look at the financial performance to determine the risk of their money. The lenders will be interested in the performance of the firm within the duration of their loan (Fess & Warren 1993). In addition, the employees and their unions are also interested parties of a firm’s financial statement. Employees put their efforts in ensuring that the firm achieves their objectives and therefore need feedback on their performance. They also require the financial statements as a basis for bargaining for their increment in remuneration and other benefits like retirement.  The employees also need financial information to help in the formulation of new strategies that are meant for improving the performance of the organization. Financial information as well is needed by the employees to determine the organi zation continued existence for job security purposes. Creditors and suppliers are also interested in the financial information to determine the ability of the business to pay their owing debt as they fall due. This group is interested in the short term liquidity of the business rather than the long term performance (Deloitte 2011). Firms with good financial performance will have reliable creditors. Moreover, customers are also interested in the financial performance of the business in cases where they are interested in long term relationship with the business. Customers who depend solely on the business for their products will need to require surety of the business continued existence. Notwithstanding, the government authorities be it federal or state need the financial information for regulatory purposes. The security exchange authority will need financial information to determine the policies and to determine the national income of the country (Deloitte 2011). They also require fi nancial performance as a way of determining the soundness of the capital markets. The public may also be interested in the financial performance especially to businesses that affect the general public good. The public closely monitors businesses that are major employers or contribute substantially to the economy (Kravitz 1999).  

Changes in the United States after the Civil War Research Paper

Changes in the United States after the Civil War - Research Paper Example These changes are visible in political, economic as well as social fields. A new scenario was visible during this war, which had eventually changed the life of the citizens. The causes of the war are numerous, but fortunately, the changes that took place thereafter proved to be more positive than those the earlier wars had brought. This paper addresses the changes within the country after the Civil War. Thesis Statement: The American Civil War gained individuals their rights and freedom as well as brought about many economical changes that helped to shape America. The causes of Civil War were identified to be numerous but the main causes among them were found to be slavery, economic and social differences within the country, issues regarding rights of the states, and the election of Abraham Lincoln. The economic and social differences between the southern and northern parts of the country also contributed to the war, as the latter region was characterized by industrialization and urb anization while the former was an agrarian economy. The industrialized northern part had an advantage over the other and, thus, they won the war. The country’s rights were limited as the federal government enjoyed more power and this induced a protest against the federal government, therefore, causing the Civil War. ... 6). Economical Changes: The economic changes succeeding any war are found to be negative as the destruction caused by the war pull back the economic condition of a country since a huge amount of cost is involved. â€Å"The struggle to define the composition of â€Å"the people† and the republic in the new postwar and post-emancipation South was hardly settled by the American Civil War. But there was no going back. It was not just that slavery was abolished and the confederacy destroyed, but that the slaveholders’ stunning experiment in proslavery and antidemocratic nation building was over† (McCurry 2010, p. 361). Devastating economic changes were visible on both regions, but the southern part witnessed more destruction comparatively. The Civil War proved to be more costly, but later, economic transformation was mainly visible in the lives of planters, former slaves, and non slave whites. Mostly all the plantations in the southern region were destroyed in the war . Likewise, in the northern region, many big cities were destroyed including Richmond and Vicksburg. The youth labor force was less due to the atrocities of the war and therefore the country could offer only a weakened labor force. The economic condition of the country remained below the poverty line for several decades. The southern part still remained agrarian but the relation between the laborers and planters witnessed a change for the better. The major reason for this change was found to be abolition of slavery, which in turn led to a decrease in racial discrimination. The former black slaves who worked on lands owned by whites, after war, could work on their own lands. The economic changes were seen to be negative as the economic resources got destroyed during the war. Individual’s

Argument essay Example | Topics and Well Written Essays - 1000 words

Argument - Essay Example For example, media nowadays are eventually used for product promotion, company endorsement, popularizing a personality, and many more (Hardy, 100). In other words, there can be many things to be done by simply taking media into one’s hand. Most of them are creative in nature. To cite an instance, it is important to substantially consider the case of product promotion or other relevant endorsement just to gain sympathy or attention from the target audience. Most often, it is viewed in television and other relevant media how creative these strings of endorsements could turn out. For example, using the concept of viral marketing, there is a need or consideration of speed. Just to be able to hit this objective, creative means are substantially employed along the process. At some point, creative methodological approaches are substantially included just to be able to hit specific objectives. In the case of Burger King for instance, its idea about viral marketing was substantially ap plied in order to gain remarkable attention about its product or service offerings. In this way, media have become productive tools in order to help a specific party to reach its competitive edge over the other or obtain specific objectives. ... Others on the other hand were applauded due to remarkable showcase of something what they got. For instance, the creation of Youtube and other social networking sites allow an individual to create something that would make a difference in the world. In fact, many personalities have paved their way through the ladder of success because of the media. In whatever point it may serve, the bottom line was to intentionally inform the public so as the same would create impression, response or opinion on the subject matter. This is a remarkable proof that the media could not only bring forward creative strategies only at the other side of the coin. They could potentially establish any relevant issues, situations, concerns or any possibilities of everything because they all have the power to inform the public and connect to people’s lives, in almost every walk, provided they would be allocated at some point in a highly creative way. In fact, media have become elemental components on how the elected officials in the US were able to successfully gain popular votes in the election. It is therefore clear that taking the media into the people’s hands could become susceptible to manipulation, exploitation in either good or bad intentions, which could provide either good or bad results. Some good results of the media however would include keeping the public informed with the right information. The people deserve to know the truth, and in many years the media have proven effective tools in doing so. For example, the fight against terroristic acts was dominated by the media when it comes to information dissemination. In fact, there were various terroristic attempts

International Law Research Paper Example | Topics and Well Written Essays - 750 words

International Law - Research Paper Example The creator has a right over his â€Å"intellectual creation.† Pedreira of Lawyers.com expounds further that, intellectual property law protects the creative works of authors, composers, designers, and inventors from being pirated or copied without their consent. His intellectual property right over his creation or invention may be modified as when he enters into a license agreement. In such an agreement the creator gives someone permission to do a certain activity to or to use his intellectual creation. The firm that obtains the license agreement can now distribute the intellectual creation or â€Å"goods† within the domestic and international market. As the domestic and global operations of the small firm expands, demands increase and consequent production triples, the small firm might not be able to handle the costs for the same. The solution is to borrow capital. If there are insufficient investors from the country, it may become necessary to seek investors outside of the country. This is called foreign direct investment and is defined by Graham of Citibank â€Å"as a company from one country making a physical investment in buildings, machinery and equipments. Such investments require planning for the risks that will occur in your business.† Planning is crucial to the success of the endeavor. This process is called Managing risks. This necessitates insurance coverage to cover most if not all possible risk factors. Cruz (1982) defines International law as â€Å"that branch of public law which regulates the relations of states and of other entities which have been granted an international personality.† An article appearing in the Cornell University’s Law School’ website expounds on this definition. Accordingly, there is a public international law and a private one. Public International law refers to questions of rights between several nations; or questions between nations and the citizens of other nations.

Strang Steel Essay Example | Topics and Well Written Essays - 1250 words

Strang Steel - Essay Example Gross Profit Margin: This ratio tells the profit of the firm in relation to sales, after the cost of producing the goods is deducted. Over the three years, the gross profit has been declining showing the inefficiency of Strang Steel's operations.Net Profit Margin: This ratio depicts the profit in relation to sales that a firm earns after taking account of all the expenses and taxes. It tells a firm's net income per dollar of sales. The net profit has also been declining over the three years showing that Strang Steel's sales profitability has declined. This could be attributed to the expenses rising steadily over the three years and eating out of the profits.Return on Equity: This ratio shows the return earned on the funds invested by the shareholders of the company. This ratio is also on the decline over the three years showing that the shareholders are getting less and less of their worth and the company is providing weak investment opportunities.Current Ratio: This ratio measures t he firm's ability to meet short-term obligations. It shows the effectiveness of the utilization of current assets to meet short-term liabilities. Strang Steel's current ratio has declined steadily in the three years showing that the current assets are proving less and less useful in meeting the current liabilities and hence the inability of the company to pay its bills. Quick Ratio: This ratio is more conservative in its approach to measuring a firm's liquidity position as it excludes inventories (the least liquid portion of the current assets). This ratio is between currents assets excluding stocks and current liabilities. From the year 2003 to 2004, the quick ratio has increased showing that the firm is efficiently meeting its short-term obligations but from year 2004 to 2005, the ratio has dipped showing the current assets have not been utilized in the proper manner to maintain the rising trend of the previous years. Average Collection Period: This ratio tells us the average number of days that receivables are outstanding before being collected. From the year 2003 to year 2004, the days have risen showing that Strang Steel has a very lenient policy with regard to collecting its receivables and the debtors are taking a long time in paying their dues. Having too many receivables is not good for the money as a lot of money is tied up which could be invested elsewhere. However, from the year 2004 to 2005, the number of days has sharply declined showing the change of the management's policy regarding receivables and the debtors paying up in just 20 days. Inventory Turnover in Days: This ratio illustrates the number of days on average before inventory is turned into accounts receivables through sales. The number of days has declined over the three years showing that Strang Steel has gotten effective each year in turning its inventory into sales. Total Asset Turnover: This ratio shows the relationship of sales to total assets. This ratio has increas

Cycle of Photon Essay Example | Topics and Well Written Essays - 1250 words

Cycle of Photon - Essay Example A photon exudes particle-wave duality, hence has both characteristics of both a particle and a wave. It is of negligible mass and does not have electric charge. It has double states of polarization and can be described by three arguments. These arguments are wave vector components, wavelength and direction in which it is propagated. A photon moves with the speed of light in empty space and its energy is affected by momentum and vector. A photon is among some of the rarest particles that are identical to their antiparticles, in this case, antiphoton. Photon is a generalised term used to explain the electromagnetic spectrum in the range of infrared (IR) radiation to visible light. Transition in the nucleus A photon is one particle that is able to transition in the nucleus of an atom. Though motion is limited in the nucleus, a photon is able to change from one position to another. It is at the nucleus that the energy of an atom is found. However, it is essential to note here that the fo rm of the photon is not changed even though its speed is very high owing to the high level of energy in the nucleus. It moves along with angular momentum that is not dependent on its frequency. The component measured along its direction of motion, herein referred to as helicity, and must be an integer of the planks constant, denoted as h. Circular polarization states of the photon are derived from the two helicities described above, either positive or negative of planks constant. Motion of a photon gives rise to energy being produced and hence law of conservation of momentum must come into play. Conservation of momentum with reference to a photon is also referred to as transitional invariance and requires that more than two photons are created having null momentum. A large sized photon has effects on the nucleus of an atom. Though said to be massless, its effects cannot be overlooked. A photon could alter Coulombs law and there would be extra degrees of freedom for electromagnetic f ields. Energy levels An atom has a varied number of energy levels also referred to as energy states. In each of these energy levels, electrons oscillate with vibrations and thus produce energy. The number of electrons in each energy level increases as the distance from the nucleus increases. The greater the distance, the higher the energy emitted. A photon is emitted when an electron happens to move from a higher energy level to a lower energy level. The wavelength of the photon is the same as the distance between the two energy levels. This photon emitted has energy and this directly proportional to frequency and Planks constant but inversely proportional to its wavelength. The energy emitted by a photon is not dependent much on its mass since its mass is almost negligible though it is known that all matter has mass and occupies space. However, it is imperative to note that photons exhibit the same behaviour regardless of the energy level they are emitted by the transiting electron s. They travel at the same velocity even if moving from high energy level to lower energy level and the velocity can vary in over ten orders of magnitude from the lowest energies of radio waves to the powerful waves of gamma radiation. Photons are usually depicted as packets that carry energy with them though the energy in the packets is discrete. If the photons are travelling as a beam, intensity of such a beam depends on the number of photons per second. Light is also described as