...Business Venture BUS 603 What is the business? (What is the product or service?) As a teacher, my dream business is a privately owned charter school. In south Florida were I currently live, charter schools a growing and very profitable. In Miami-Dade County Charter has become a trend. The District has approved over twenty schools in the last three years. I believe this trend is just getting started and has not peaked yet. This business is one of the Entrepreneurial trends stated by Kathleen Allen. “The leading trends at the time are women-and minority-owned businesses, social responsibility, the Internet and new media, and globalization” (Allen, pg. 19). This Charter school will specialize in Law Enforcement and have a unique advantage over other schools. The Miami-Dade Charter School trusts that the supporting of change relies on the formation of a learning community were everyone has something to learn and substance to teach. The mission of the school is to develop in all kids the love of learning, and aptitude to cherish family members, friends, and the ability to engage in critical thinking, and to demonstrate widespread mastery of the academic building blocks necessary for a successful future. Who are your customers? The proposed school would serve high...
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...A business venture In our competitive entrepreneurial world today, it is always refreshing to see that amidst our everyday hustle and bustle, there are quite a number of business entrepreneurs who stand out most prominently above others. Joseph McAlman and his wife jointly operate the popular Gee Qu Barber Shop and Hair Tech Salon located on North Road between Wellington and King Streets. Described as a ‘two fold’ business venture, this unique combination of cosmetology courses and cosmetology services include that of hair care, manicure and pedicure; as well as a means for young and interested persons to benefit from the six to eight months training in cosmetology, which is done at the North road premises. For this dynamic duo, customer satisfaction is the key. They offer economical prices, with a friendly and people-oriented environment. Having been in existence in Guyana for fifteen years, this venture came to fruition through hard work and determination and most importantly through two people’s complementary skills. In reminiscing about the days past, Mr. McAlman stated that because of the shared interest in grooming and cosmetology between him and his father, he developed an interest in the art of beautifying and caring for oneself. With a very humble start, involving rental of premises and a need for independence, a working business plan was created in order to achieve their goals. This working business plan saw the creation of a two year business focus, which led...
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...Environments of Business – Funding A Business Venture Susan Blanks AIU Online Abstract After Susan had made the decision to license her technology as a means of funding her business, she had to decide what type of licensing contract she wanted. She decided that she would negotiate a contract for a combination of an up-front fixed fee and a per unit output royalty. She made this decision based on the fact that she and the licensee would be competitors and the realization that the threat of imitation was credible and that the cost of imitation was positive. She knew that because her technology was going to improve the licensee’s profits that she would benefit financially as well. She chose to license her technology in the domestic market because she discovered that depending on the county, government policy might prevent competition in the licensee’s market. Susan knew that this was just the beginning and that she still had a lot to investigate and learn, but she felt up to the challenge. She was amazed to discover that there was so many avenues one could take when trying to fund a business. My preferred source of funding is to license the technology. Unit 2_Glossary.pdf, when a company develops a special, unique, technology it will frequently allow other firms to license that invention, in return for giving the firm, which developed it, a share of the revenues the second firm earns. I chose this source of funding because I didn’t want to borrow from a bank because...
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...Starting a small business can be very rewarding. A small business can provide flexibility to make time for family or other commitments and interests. It also gives a sense of independence both personally and professionally. A person’s success or failure is of their own merits. But it does not come without its challenges. For starters, you are your own motivator, IT department and finance department. No overtime pay for the countless long hours or in many cases zero benefits. Betty has some tough decisions to make. She needs to decide what form of business would be best for her business, then she needs to determine who, if anyone, will help her run the business and lastly decide if the name she has chosen is suitable. Betty must first decide what business form would be suitable for the coffee house. There are many forms of business entities to choose. Since this is a small business a Public Corporation, Subchapter S Corporation, Closely Held Corporation, Multinational Corporation, Limited Partnership, General Partnership, and Professional Corporation can all be eliminated. Some possibilities for Betty’s business might be. A sole proprietorship is the easiest and least expensive way to create a business organization (Kubasek, Brennan, & Browne, 2012). The LLC or Limited Liability Company provides the advantages of a corporation with the tax efficiencies and flexibility of a partnership (Starting & Managing a Business, 2012). Franchises are relationships based on...
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...Business Venture Name BUS/475 Date Teacher Business Venture In business, startups occur each day only to shutdown as fast they startup. This can be attributed to improper planning, leadership, or a lack of strategic direction. The reason a business incorporates strategic management and planning is to ensure proper direction and long term planning becomes the backbone of any decisions made. In essence, the direction is mapped out in step-by-step process that allows a business to follow. Strategic Management “is the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives” (Strategic Management, 2009). For example, if a new micro brewery wanted to open, this first step that needs to be determined is the long term plan. The brewery will have to determine if the business that will continue to expand to other locations, or if it is a business that will first attempt to establish itself in place and develop a name. In addition the atmosphere needs to be determined casual or formal, food, or no food. Each of these choices will require different designs. The Brewery will require the manager to maintain long-term contracts with brewing suppliers, restaurant suppliers, food distributors, and equipment suppliers. From a long-term perspective, fresh talent from local culinary schools could add flare to the menu if the business is based more on gourmet dining than casual. These agreements are strategic...
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...up a new business or buying an existing one in New Zealand. We will begin by explaining why new ventures appear attractive to those entering the world of business, and then describing the more undesirable aspects of new start-ups. We will then continue on to explain the benefits of purchasing an existing business, and then the downfalls of this approach. Lastly, we shall compare the two options and arrive at a summarising conclusion. Making the transition into becoming a business owner in New Zealand can be highly beneficial for many people; however the appropriate groundwork and research must first be completed in order to make informed decisions regarding how the business is going to pan out. Starting a new business is an attractive option for many New Zealanders as it offers capacious benefits and a potential vast improvement in lifestyle. Some of the advantages available include increased income, tax benefits, flexibility and the ability to determine all aspects of the business. Sole proprietors and owners of companies can increase their income exponentially if the business is a success, which can be a great improvement if one is unhappy with the wage they are on in their current employment. Business owners can legitimately use the tax system to their advantage, for instance if one decides to work from home, they have the option to write off a percentage of their rent or mortgage, as well as their utilities and practically anything that is related to the business, thus reducing...
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...Funding A Business Venture John S. Garrett Jr. American Intercontinental University Abstract A business venture is a huge risk that involves money, time, patience, endurance and commitment. Money is needed to get the business off the ground and running. Time is required to give the business a chance to produce a profit. There are going to be good and bad days and you must have patience to see the venture through. There will be some tough and long roads ahead and you will need to endure them. If there is no commitment, you have wasted money, time, patience and endurance to a project that will affect you monetarily and possibly credit wise. Funding a Business Venture The pros and cons to starting-up a business have been weighed. I do not have the money to start-up a business and neither the patience or time to see a business venture through. I weighed my options in starting a business: borrow money, sell stock, or license the technology. I have decided to license my technology. By doing this, I will have freed up my time and will not have to worry about incurring the expense in manufacturing, marketing, distributing, and selling a product. (Jackim, 2009) Nothing is easy in business. Sacrifices have to be made and deciding in which direction to go are major decisions. Go and talk with an investment banker. An investment...
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...Kendra Anders Funding A Business Venture 10/20/2013 AIU Online Abstract: The meaning, function, and importance of the four elements as follows. The four elements in business (stock market, risk financing, investment banker, financial management) are presented in this paper. The pros and cons are presented by the author of various to fund the starting of the business. Funning A Business Venture The stock market, transition from one stock broker to another. It is also known as equity market. The shares are listed on stock exchange, also being that the shares are privately traded. stock is important because it keeps people with the knowledge that is needed about the rises and falls. The most important is keeping the business running smoothly. It's also important because it is a good source for raising money for a business. Firms can raise capital by allowing companies to be traded publicly. If a newly business own has lack of knowledge about sock marketing it can be unforgiving. Risk financing provides funds and plan to insure that finances are available in case the unpredictable loss can happen. It is important for a business to involve themselves in risk financing due to the fact that it can bail a tremendous financial problem. Investment banker advise their clients on high levels of financial organizations. By selling the company in shares the investment banker makes a profit. The banker purchases the issue from the corporation arranges to resell the issue...
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...FUNDING A BUSINESS VENTURE BUSN105-279 AIU Online Abstract Mrs. Bourne informs her readers of her viewpoint on investment bankers, the stock market, financial management, and risk financing. She then informs the audience of her and her business partner’s financial choice for starting their small business. The author wants the readers to understand why she and her partner made the choice that they made and what their second financial option would be if needed. She will describe the positives and negatives of each of their choices. Funding a Business Venture Investment banking is strictly buying and selling businesses for a profit. Investment bankers come up with a company’s value and buy the company from the owner, only to turn around and sell it piece by piece to the public. By selling the company in shares the investment banker makes a profit. Investment bankers are important because they assist in the introduction of initial public offerings. The stock market is what we call the registry of stocks and bonds that have been bought and sold. The function of the stock market is to keep a society informed about economic transactions and the value of certain stocks and bonds. The stock market is important because it keeps Americans knowledgeable about the rises and falls of the world that we live in. It is very important in keeping businesses running smoothly financially. Financial management is simply managing a business’s finances. Someone who is in the financial...
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...From this article, author has descripted his own meaning and function of the term Investment banker, stock market, financial management, and risk financial. In the business world, there are many of options to funding the Business Venture. Author shares his preferred option of funding the resource funds that makes sense to him, which is bank loan. He also states the advantage and disadvantage of the bank loan. Funding a Business Venture What is the Investment Banker? Investment bankers are advisers for their clients on high level issues of financial organization. The work thus involves lots of financial analysis, and a strong background in finance and economics is support them in their work. They serve as strategists for their clients, helping them develop their financial plans as well as implement them. Investment bankers serve as crucial figures in the shaping of the American and world economies, managing mergers of multibillion-dollar corporations and handling the privatization of government assets around the world. What is Stock Market? A stock market is the market that investors use to trade shares that indicate partial ownership in businesses for a set price. Which are like small pieces of the companies that investors can own. Those investors who buy the shares become entitled to a portion of the business' assets and earnings. If many people want to buy a stock, the price will go up. If there are more sellers than buyers, the price will go down. This will make the companies...
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...Executive Summary The business plan outlined in this article is a “fitness” club that will offer a variety of different exercise techniques in order to appease its members. We feel this market is very profitable because of the nearly 58 million people who go to gyms and personal fitness centers around the United States which brings in over $22 billion in revenue annually. There are also over 66,000 people living in Washington County, which ranks 3rd in population which has only increased in the state of Maryland over the last few years. According to USA Today, Hagerstown has an obesity rate of 38.3 percent which ranks 3rd in the United States. Fitness club memberships in the United States have also increased every year since 1987 and a strong market makes a strong business. Our gym, “Your Fitness Center” will offer its members quality services and benefits that no other club can offer. In most gyms, the top three most profitable programs/services are personal training, specialized classes, and beverages/protein bars. Our gym will provide all of these services and thus increase our productivity. Most gyms do not have a large selection of protein drinks; our goal is to provide products that encourage improved health such as healthy beverages. We will build a large complex that will include top brand fitness machines and weights personal training programs, different fitness rooms for Zumba and Pilates, along with extreme cycling classes and a theater room. Day care is even provided...
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... 1 Business and Funding American Intercontinental University BUSINESS AND FUNDING 2 Abstract When it comes to business there is always more to learn. This weeks paper will look at a couple very important terms having to do with business management; investment banker, stock market, financial management, and risk financing. The paper will take a brief look at the function and importance of each of these terms and how they apply to business. I will also discuss how I will fund my new business venture, and why I choose that way of funding. There are a variety of ways to fund a business including borrowing from friends and family or even seeking out investors. There is no right or wrong way to fund your business, just what way works best for you and your situation. BUSINESS AND FUNDING 3 Funding a Small Business Venture Previously I discussed the way in which I wanted to run my business. I chose to run my new small business as a sole proprietor. As a sole proprietor I will run my own business and be taxed at a personal income level, and I personally am liable for all business debt (The Ultimate Resource, 2009). I will give you a brief reminder of my situation, I am starting my own small business for a new product I invented, and I believe this product can be used for a wide range of applications. I am very new to the business world and am doing a lot...
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...satisfaction and long-term loyalty (Kottler, 2012). Hence for the IT business venture, marketing starts from internal, taking care that employee are well trained to be able to deliver value, sharing information and that will add value to the customer, ensuring that our services offering reaches our target audience and deploying projects based on best practice to delight customers, and ensuring a tightly integrated after sales support in all our projects. Below represents marketing plan for the organization. Management The role of management team is very critical to sustainability of any business venture. Ability to build and keep teams together is critical to the success of any organization whether old or new. Having the right people in the right role aligning with the vision of the organization, is the hallmark of high performing the organization (Cardon, M.S., 2008). Management team play a great role in building and keeping teams together and ensuring that they perform optimally for the common goal of all stakeholders, customers, suppliers, employee, shareholders etc. Managing a new business venture is quite different from managing a large establish organization. Hence to manage a new enterprise for rapid growth involves a leadership orientation not found different from in mature and stable environment. And to be successful entrepreneurial leaders need to understand the interdependencies required to lead a new business and learn to incorporate mutual respect, openness, trust, and...
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...March 8, 2013 Building a Foreign Business Venture in Iraq Table of Contents Natural resources and Environmental Sustainability 3 Socio – Cultural Forces 6 Economic and Socioeconomic Forces 9 Competitive and Distributive Forces 13 Political Forces 16 Appendix 19 Bibliography 21 Natural Resources and Environmental Sustainability Iraq is located in Western Asia in an area known as the Middle East. It is bordered by six countries as follows; Turkey, Iran, Jordan, Kuwait, Saudi Arabia and Syria. It doesn’t have a very long coastline but it does border the Persian Gulf for a stretch of thirty-six miles. Iraq consists of 169,235 square miles which is mostly made up of desert but also has mountain regions in the northern part of the country between Iran and Turkey but also has some marsh lands in the southern part of the country along the borders. The climate is fairly similar to that of the high desert region in California where the mountainous regions have colder winters that drop down to 39 degrees and in the summer months the desert averages 111 degrees. The capital city of Iraq which is also the largest city in the country is Baghdad and has a population just exceeding thirty million people. There are really only two major natural resources that are found in Iraq which are petroleum and natural gas. Iraq has the second largest reserve of oil in the Middle East following Saudi Arabia, amounting to 112 billion barrels...
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...The Fruits of Legitimacy:Why Some New Ventures Gain More from Innovation Than Others Summary: New Ventures play a vital role in the development of any company.In addition,the actions of new ventures may even spur large, incumbent firms into action, thus accelerating the pace of technological change.The new ventures success depend upon their ability to produce new products.Sometimes even amongst the ventures producing the same good they have different fates.One of the difficulties faced by the new ventures is the liability of being new to the business. Potential stakeholders view firms in these industries with skepticism. An important way that new ventures can overcome the liability of newness and increase their gains from new products is by taking actions that provide them with legitimacy in the eyes of stakeholders. new ventures can gain legitimacy by creating associations with more established entities, either external or internal to the firm. Article Review: This article is written by Raghunath Singh Rao, Rajesh K. Chandy, & Jaideep C. Prabhu.In this study, the role of a variety of legitimizing actions have been highlighted and empirically tested. In order to legitimize the new ventures in the eyes of the stakeholders different actions can to undertaken.It has also been shown that these legitimizing actions may not always work together. Among internal means of gaining legitimacy, four types of actions has been proposed: historical, scientific, market, and locational...
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