...for a business to be viable, it takes an individual with foresight, drive and enthusiasm for the business to be a success. It is therefore the intent of the business owner to join the food industry, which he believes has a very high growth potential. The business venture will be a Manufacturing Company, ‘Zens’ Manufacturer, which will be distributing healthy and affordable choices of products for the health conscious individual. The main aim of Zens’ Manufacturer is to realise profit on its investment, seek and retain customers and to expand its business to various locations island wide. The company is equipped with the latest technology and the necessary mix of skilled workers as its driving force. This School based Assessment (SBA) seeks to equip the researcher with first hand knowledge of the processes in starting a business....
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...Financial Management for a Small Business Participant Guide Table of Contents Welcome ................................................................................................................................................................................. 3 What Do You Know? Financial Management for a Small Business ................................................................................ 4 Pre-Test .................................................................................................................................................................................. 5 Benefits of Financial Management ...................................................................................................................................... 7 Budgeting ............................................................................................................................................................................... 7 Discussion Point #1: Budgeting............................................................................................................................................ 7 Bookkeeping .......................................................................................................................................................................... 8 Cash Flow ................................................................................................................................................................................
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...promoting International Trade and providing help to needy nations during emergency. So IMF was formed for this purpose. World War Second has its adverse effect on global economy. To remedy the situation, an international monetary conference was convened in 1944, at Bretton Woods in America. It was attended by the representatives of 44 countries. It was decided in this Conference to set up IMF for the economic development of all countries. Problems: Three main problems are: ▪ Economic order and piece ▪ Reconstruction of economies ▪ Stable world piece Role: The IMF was intended to play two major roles in the Bretton Woods System: o The fund should discourage aggressive exchange rate behavior by members and help them manage their balance of payments efficiently; o The fund was given resources to lend international reserves to countries with balance of payments difficulties. Purposes/ objectives The purposes of the International Monetary Fund are: • To promote international monetary cooperation through a permanent institution which provides the machinery for consultation and collaboration on international monetary problems. • To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and...
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...withheld from his or her pay. This paper will distinctively explain the difference between employees and independent contractors and how employment-at-will exceptions can protect organizations. Employee and Independent Contractor The employees of Fast Tax Service, Incorporation are considered as employees. A common rule of an employee is anyone who performs services for a business and the employer has control what will be done and how it will be done (Kerch, 2012). Therefore, anyone who works for company and has to abide by final decisions made by the supervisor or employer is considered an employee. The following are requirements of an employee: o performs duties dictated or controlled by others o receives training for work to be done o works for only one employer (Small Business Administration (SBA), 2012). Employees have to report to the employer as long as he or she is on the clock. Employees have to rely on the employer to handle taxes and other related deductions from his or her pay. Consequently, independent contractors are the opposite of employees. An independent contractor is a “person who contracts with a principal to...
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...Small Business Introduction “Ensuring small businesses can thrive is about more than economic success. It’s also about who we are as a people. It’s about a nation where anybody who’s got a good idea and a willingness to work hard can succeed. That’s the central promise of America.” “Small businesses are leaders in innovation and drivers of the economy. Small businesses hold more patents than all of the nation’s universities and largest corporations combined, and create two thirds of all private sector jobs, employing half of all working Americans. The Federal government is the largest buyer in the world, spending over $500 billion each year. For the Federal government contracting with small businesses is common sense. Small businesses get the revenue they need to create jobs and drive the economy forward, and federal agencies get the creativity, innovation, and technical expertise of small businesses to help accomplish their mission. When small businesses are excluded from federal contracts, the Federal government, American taxpayers, and the nation’s economy lose out.” Interagency Task Force on Federal Contracting Opportunities for Small Business Objectives • Identify the elements of the Department of Defense (DoD) Small Business Program for defense acquisitions to include the overall policy and regulations, small business goals, small business size standards, non-manufacturer rule, and North American Industrial Classification System (NAICS) codes. • Identify...
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...CARIBBEAN EXAMINATIONS COUNCIL Caribbean Secondary Education Certificate CSEC ® PRINCIPLES OF BUSINESS SYLLABUS Effective for examinations from May/June 2008 Including 2009 amendments CXC 08/G/SYLL 06 Published by the Caribbean Examinations Council. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher. Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica, W.I. Telephone: (876) 630-5200 Facsimile Number: (876) 967-4972 E-mail address: cxcwzo@cxc.org Website: www.cxc.org Copyright © 2006, by Caribbean Examinations Council The Garrison, St Michael BB14038, Barbados CXC 08/G/SYLL 06 2 Contents RATIONALE...........................................................................................................................................................1 AIMS ........................................................................................................................................................................1 GENERAL OBJECTIVES ......................................................................................................................................2 SKILLS AND ABILLITIES TO BE ASSESSED ........................
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...CARIBBEAN EXAMINATIONS COUNCIL Caribbean Secondary Education Certificate CSEC ® INFORMATION TECHNOLOGY SYLLABUS Effective for examinations from May/June 2010 C XC 30/G /S YLL 08 1 Published by the Caribbean Examinations Council All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher. Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica, W.I. Telephone: (876) 630-5200 Facsimile Number: (876) 967-4972 E-mail address: cxcwzo@cxc.org Website: www.cxc.org Copyright © 2008, by Caribbean Examinations Council The Garrison, St Michael BB14038, Barbados CXC 30/G/SYLL 08 Contents RATIONALE .............................................................................................................................................. AIMS ...................................................................................................................................................... 1 2 2 2 3 4 5 5 7 7 8 10 12 13 15 16 19 21 23 46 47 ORGANIZATION OF THE SYLLABUS .................................................................................................. SUGGESTED TIME-TABLE ALLOCATION .......................................................................................... FORMAT...
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...the franchisees ability to raise the amount of capital required to open their first three stores in a timely manner. • ICEDELIGHTS did not want to be legally bound to the Florida franchise because they felt they might not have sufficient resources to accommodate the franchisees. • A deal was proposed that would provide the franchisee and franchisor security o Pay $200,000 up front for development fees and franchise fees for the first five stores o Pay $20,000 per store opened after the first five stores o Pay a 5% royalty on sales • ICEDELIGHTS would then allow the franchisees to use their brand name and product, would train the franchisees and one manager per store, and would provide support for finding locations and construction of the stores. • The deal would come with an option because of ICEDELIGHTS inability to commit to the Florida franchise up front o The franchisees would make a deposit of $75,000 up front o The remaining $125,000 up front charge would not be owed until ICEDELIGHTS provided one acceptable location and the lease was signed o The franchisee would have the opportunity to build a production facility if ICEDELIGHTS was unable to provide the product to the new stores • The franchisees have two weeks to make a decision on the deal • Compared to other franchise opportunities, ICEDELIGHTS seemed expensive for an unproven concept • The...
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...Entrepreneurs form entrepreneurial Teams o (Teams have expertise in all the main areas of business in order to successfully start and manage). Micropreneurs: • People willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they weant to do, and offers them a balanced lifestyle. Intrapreneuring: • Est. of entrepreneurial centers within a larger firm where people can innovate and develop new product ideas internally. Home-Based and Web-Based Businesses: • On the rise, This is due to the decrease in comp. tech. costs, which makes it possible for small businesses to compete with larger industries regardless of location. Small Businesses: • Importance: Account for 50% of GDP. o 80% of people’s first jobs are in small business. • Def of “Small Business” = Independently owned and operated and is not dominant in its field of operation, and that meets certain stds. In terms of number of employees or sales. • Reasons for Samll Business Failure: Managerial Incompetence, Inadequate Financial Planning. How Small Businesses Operate: • Good Hints: Learn from others, get some experience working for others, take over a successful firm, and study the latest in small business mgmt. techniques and use of tech. • What it takes to Start and Run a Small Business: o A good Business Plan o Sources of Capital: Personal savings, relatives...
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...or need, competing in the wrong value/price segment, believing that specialized markets is the only way to create value, paying lip service to customer service (saying something and not doing it). • Typical customer services o Credit o Delivery o Alterations/installations o Packing/gift wrapping • Miscellaneous value services o Bridal registry o Interior designers o Personal shoppers January 8, 2015 • Independent retailers o 2.2 million independent U.S. retailers o account for one-third of total store sales o advantages ♣ consistency ♣ do not need to answer to anyone else ♣ personal image ♣ independence ♣ strong entrepreneurial leadership o disadvantages ♣ lack of bargaining power ♣ lack of economies of scale ♣ labor intensive operations • SBA- Small business administration o They guarantee the loan ♣ Investigate the business and decide to insure a certain amount of the loan o One can only have one at a time o They ask for some big kind of collateral • Chain retailers o Multiple outlets under common ownership o Engage in some level of centralized or coordinated purchasing and decision making o Advantages ♣ Bargaining power ♣ Cost efficiency ♣ Maintained by computerization, warehouse sharing and other functions o Disadvantages ♣ Limited flexibility ♣ Higher investment costs ♣ Complex managerial...
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...FRM/EDPD/112 CARIBBEAN CARIBBEAN SECONDARY EDUCATION CERTIFICATE® EXAMINATIONS COUNCIL INSTRUCTIONS TO SCHOOLS ON THE SBA LABORATORY EXERCISES, WRITTEN AND PRACTICAL COMPONENTS FOR INDUSTRIAL TECHNOLOGY AND INDUSTRIAL ARTS THE PRACTICAL COMPONENT 1. The laboratory exercises and practical projects in Building Technology, Electrical and Electronic Technology and Mechanical Engineering Technology are marked by a visiting examiner (Moderator) appointed by the Council. No Moderator is permitted to mark the work of students he has prepared for the examinations. The Moderator will visit each school twice during the final year. On the first visit he/she will assess the process of constructing the practical project/laboratory exercise of EACH student or group of students. On the final visit he/she will reassess the completed project work (product) of a sample of FIVE students already marked by the teacher. Note: • The Moderator selects the sample based on the total SBA scores awarded by the teacher. To facilitate this, the teacher must make a copy of his/her assessment on the Candidate’s Record Sheet available to the Moderator. The Moderator has the option of requesting additional assignments for reassessment, if needed. 2. 3 • If the number of students scheduled for the laboratory session is larger than can be accommodated at one session, the Assessor may divide them into two or more groups. In such circumstances the second group...
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...FIN515_Homework1:9/9/2013 CASE: pg. 45 Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm's clients is Michelle DellaTorre, a professional tennis player who has just come to the United States who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money. Your boss has developed the following set of questions you must answer to explain the U.S. financial system to DellaTorre. A. Why is corporate finance important to all managers?Corporate finance is the department that handles strategic financial issues associated with achieving goals such as how the corporation should raise and manage its capital, what investments the firm should make, what portion of profits should be returned to shareholders in the form of dividends, and whether it makes sense to merge with firms or other companies. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. • A proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when...
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...THE BUSINESS PLAN ROAD MAP TO SUCCESS Exercise Workshop Objectives By the end of this exercise, you should be able to: • Understand the role of the business plan. • List several reasons for developing a business plan. • Identify sources where you can get help in developing a business plan. • Identify the type of information to include in the business plan. • Prepare an outline for a business plan. All SBA programs are provided to the public on a nondiscriminatory basis. www.ebusinesshelpcenter.com Thousands of eBusiness & eMarketing eBooks 100% Free Downloads Plus Resources To Guarantee Your Success With Your New Or Existing Online Business Free Website Hosting Free Traffic Generators Free Advertising Free Ebook Compilers Free HTML Editors Free FTP Software Free Email Auto-Responders Free Bulk Email Software Free Up-to-Date 80 Million Opt-In Email Lists Free Web Positioning Tips Free Ready to Go Turnkey Websites Free Replicate Any Website Free Tutorials for Everything Free Web Page Creators Small one-time lifetime membership fee then everything is FREE!!! BUSINESS PLAN OUTLINE Below is an outline for a business plan. Use this model as a guide when developing the business plan for your business. Elements of a Business Plan 1. Cover sheet 2. Statement of purpose 3. Table of contents I. The Business A. Description of business A. Marketing B. Competition C. Operating procedures D. Personnel E. Business insurance G. Financial...
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...ENTREPRENEURIAL LEADERSHIP Steve Jobs once asked the question, “Why join the navy if you can be a pirate?” While some may argue that Apple more closely models that of the navy due to the company’s expansive size and presence, one can certainly argue that without the pirate that was Steve Jobs, Apple would not be what it is today. Steve Jobs may very well be one of the leading entrepreneurs of his time, but other distinguished individuals have also followed down similar paths to profits and social change. Entrepreneurs take different approaches in determining their path to success. Two such paths are the profit-oriented and social-responsibility oriented entrepreneurial approaches. Though similarities exist between both approaches, numerous differences do as well. Steve Jobs said, “Innovation distinguishes between a leader and a follower.” It is however, up to the entrepreneur to decide which path of innovation to forge. Tim O’Shaughnessy, founder of LivingSocial.com, is one such entrepreneur whose path to success followed that of the profit-oriented approach. “For-profit organizations focus on business goals, such as making money. Even when for-profit organizations become involved in social activities, their prime purpose is usually to make a profit” (Ruvio, Rosenblatt, & Hertz-Lazarowitz, 2010). According to their website, LivingSocial claims, “Innovation and imagination have made LivingSocial the fastest-growing company in the social-buying category...
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...CARIBBEAN EXAMINATIONS COUNCIL Caribbean Secondary Education Certificate CSEC AGRICULTURAL SCIENCE SYLLABUS Effective for examinations from May/June 2008 CXC 07/G/SYLL 06 Published by the Caribbean Examinations Council © 2010, Caribbean Examinations Council All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means electronic, photocopying, recording or otherwise without prior permission of the author or publisher. Correspondence related to the syllabus should be addressed to: The Pro-Registrar Caribbean Examinations Council Caenwood Centre 37 Arnold Road, Kingston 5, Jamaica, W.I. Telephone: (876) 630-5200 Facsimile Number: (876) 967-4972 E-mail address: cxcwzo@cxc.org Website: www.cxc.org Copyright © 2006, by Caribbean Examinations Council The Garrison, St Michael BB11158, Barbados CXC 07/G/SYLL 06 Content RATIONALE ........................................................................................................................................... 1 AIMS ........................................................................................................................................................ 1 CAREER CHOICES ............................................................................................................................... 2 SUGGESTED RESOURCES ...............................................................................................
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