...Small Business Examination Kirk Carlson LDR/531 Small Business Examination The small business is very important to the national and work economy. The small businesses employ almost half of the workforce within the United States of America. The small business has been a force of stability for the United States economy. Small business owners tend to be innovative and come up with unique ideas that make profits. The author of this paper will examine a small business within California called Extremely Clean Inc. Extremely Clean Inc. Extremely Clean Inc. is a commercial and residential cleaning service that was incorporated in 2008. The organization focuses on commercial and residential structures, which provides the organization with a wide array of clients from virtually all industries and living conditions. The organization does walkthroughs for each potential client; the organization will make a quote, negotiate a price, and create a contact. The organization provides a variety of services to include: auto detailing, carpet cleaning, upholstery cleaning, window cleaning, air duct cleaning, and water restoration. The organization employs a talented staff of cleaning professional experts in various cleaning disciplines. The organizational structure of Extremely Clean Inc. is a hierarchy and the chain of command within the organization is clearly defined. Each employee’s job description is mission specific and allows the employee to understand where they fit within the organizational...
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...Small Business Examination Paper Danita Benson LDR/531 February 12, 2013 Cherlyn Conner Small Business Examination Paper ESI Companies is a small company in Bartlett, Tennessee. ESI Companies is proud of their credit of providing tactical security specialist, and solutions to relieve threats to the environment. They install and build security systems in courthouse, detention facility, transportation hub, office building, and production plant. The company has partnered with private industry, law enforcement, military agencies, and correctional and detention facilities to keep their operating environments safe and secure from the threats of criminal activity and terrorism. Organizational Structure ESI Companies small business organizational structure is or can be a partnership. They are comfort of knowing their professional posses the needed skills and expertise to assist with the customers design and build techniques with courthouse, detention facility, office building, production plant, and others. They also partner with customers for facilities renovations, and maintenance of their security system regardless of any unique and challenging security needs. ESI Companies requires the customer partner in the design and implementation of their standards of operation intended to reduce the risks of security catastrophes. ESI Companies believe in working together to design, implement, build, install, and support state – of – the – art electronic surveillance and security...
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...poverty level for a family of 2, but below the poverty level of $22,050 for a family of 4. Despite the fact that the minimum wage has been increased 3 times since 2007, it is almost $3.00 below what it was nearly forty years ago in purchasing power. It has not kept up with inflation. If it had, the minimum wage would be $10.74 per hour. In other words, the minimum wage is a far cry from being a living wage which is a wage that is high enough for fulltime workers to provide a decent life for themselves and their families. For the benefit of American citizens and the economy, the minimum wage must be increased! Those opposed to an increase in the minimum wage focus on a number of assumptions suggesting it would be a bad idea. Under close examination, all of their arguments fall apart. One of the main arguments for not raising the minimum wage is that it is a job killer. The reasoning is the increase in salary decreases profits and results in cutbacks in hiring. However, a study at the University of California, Berkeley, has shown that raising the minimum wage does not have a negative effect on employment. An analysis of those states that independently increased the minimum wage “had job growth slightly above the national average.” Another study from the Economic Policy Institute found that raising the minimum wage actually contributes to moderate job growth because of increased consumer spending by the low income workers. The pay raises are spent putting money right back into...
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...AN ASSESSMENT OF FACTORS INFLUENCING PERFORMANCE OF SMALL SCALE ENTERPRISES IN UGANDA: A CASE STUDY OF KITGUM TOWN COUNCIL BY AYOO ESTER ESO9BO5/028 DISSERTATION SUBMMITTED TO FACULTY OF BUSINESS AND ADMINISTRATION IN PARTIAL FULFILLMENT OF THE AWARD OF A BACHELORS DEGREE IN BUSINESS ADMINISTRATION OF UGANDA CHRISTIAN UNIVERSITY May 2012 DECLARATION I Ayoo Ester do solemnly declare to the best of my knowledge and ability that this Dissertation was prepared by me and never has it been presented to Uganda Christian University or any other institution of higher learning for the award of a degree. Signature………………………….Date………………… AYOO ESTER ESO9BO5/O28 i APPROVAL This research report has been submitted for examination with my approval as the candidate’s supervisor. Sign................................... Mrs Nsiyona Elsie The University supervisor Date.................... ii DEDICATION I dedicate my Research proposal to my beloved Daddy Mr. ORYEMA HENRY MILLY, my Uncle Mr. ONEKALIT KENNTH OBITO, My Mum, my dear friends Brenda, Sharon, Beatrice, Jackie, Dick, Gilbert, Julius, Allan, Moreen, Alex, Odong and also my sisters and brothers for their love and support, who in one way or the other supported me morally, physically, materially and financially in ensuring that my future is a success. May GOD bless...
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...AN EVALUATION OF THE INTERNAL CONTROLS SYSTEM FOR CASH FOR THE CASE OF NAIROBI SMALL BUSINESSES BY CLEOPHAS MUSINGA A Management Research Project Submitted In Partial Fulfillment For The Requirements Of The Award Of Bachelor Of Commerce (BCOM), School Of Business, University Of Nairobi JULY, 2008 DECLARATION This research project is our own original work and has not been submitted for academic purposes in any institution of higher leaning. Name Number Sign CLEOPHAS MUSINGA D33/6646/05 ………………………….. This research project has been submitted for examination with my approval as the university supervisor Signed……………………………. Date…………………………………………. Mr. Abdulatif Essajee Lecturer University of Nairobi TABLE OF CONTENTS DECLARATION i CHAPTER ONE 1 INTRODUCTION 1 1.1 Background of the study 1 1.2 Statement of the problem 5 1.3 Objectives of the study 6 1.4 Research questions 6 1.5 Scope of the study 6 1.6 Justification of the study 7 CHAPTER TWO 9 LITERARURE REVIEW 9 2.1 Evolution of internal controls 9 2.2 Components of Internal Controls 12 2.4 Relationship between a firm’s age and internal control 18 2.6 Internal controls in small businesses 19 CHAPTER THREE 21 RESEARCH METHODOLOGY 21 3.1 Research design 21 3.2 Population 21 3.3 Sample and Sampling Technique 21 3.4 Data collection methods 22 3.5 Data analysis 22 CHAPTER FOUR 23 DATA ANALYSIS AND FINDINGS 23 4.1 Introduction...
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...Chapter 5—Options for Organizing Small and Large Businesses COMPLETION Directions: Complete the following using the terms listed. A. sole proprietorship B. partnership C. corporation D. merger E. acquisitions F. horizontal merger G. conglomerate merger H. outside directors I. vertical merger J. small business K. business plan L. alien corporation M. domestic corporation N. franchising O. corporate charter 1. The form of business ownership that is subject to the least legal red tape is the _____. ANS: A DIF: 1 REF: p. 180 OBJ: TYPE: KN 2. If Chrysler and Ford were to merge, it would be an example of a(n) _____. ANS: F DIF: 1 REF: p. 187 OBJ: TYPE: AP 3. The form of business ownership that establishes the firm as a separate legal entity is the _____. ANS: C DIF: 1 REF: p. 182 OBJ: TYPE: KN 4. If Anheuser-Busch were to acquire a bottling/canning firm, it would be an example of a(n) _____. ANS: I DIF: 1 REF: p. 187 OBJ: TYPE: AP 5. _____ are people on the board of directors of a corporation, but are not employed by the corporation. ANS: H DIF: 1 REF: p. 185 OBJ: TYPE: AP 6. A(n) _____ refers to two or more firms that combine to form one company. ANS: D DIF: 1 REF: p. 187 OBJ: TYPE: KN 7. A(n) _____ occurs when one firm purchases the property and assumes the obligations of another. ANS: E DIF: 1 REF: p. 187 OBJ: TYPE: KN 8. A merger...
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...Problem Introduction Small-scale business, small-scale industry and small-scale entrepreneurship are used interchangeably to mean a small-scale industry firm. Its deliberation was to refer to the operational definition. Therefore, small businesses are common in many countries, depending on the economic system in operation. A reasonable number of business establishments for instance, small-scale enterprise of different sizes and nature in Nigeria at large and Benue State in particular have accounting system of recording their business transactions. There is no universally accepted definition of small-scale enterprise (S.S.Es) because; the classification of business into small or large scale is subjective. Rather, each country tends to define this category of enterprises depending on the scope and range of activities covered by them and the amount of capital required of them to finance their operations in a particular market economy they are set up particularly, the level of a country is development largely determines the scope and range of activities and the capital base requirement of the small-scale enterprise operating therein. In countries such as Nigeria, United State of America, Britain and Canada, small-scale business in defined in terms of annual turnover and the number of paid employees. In Nigerian for instance, the definition of small-scale enterprises has varied from time to time and according to institution as in other countries. Also, small-scale enterprise is...
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...Marketplace Fairness Act Could Destroy Many Small Businesses The Marketplace Fairness Act (MFA) of 2013 is a proposed law that passed the United States Senate in May 6, 2003 and currently pending by the United States Congress. The legislation requires all remote sellers, a term that usually used to define online retailers who sell and ship goods to other state that the company has no physical presence in, to collect sales taxes and use taxes for every state and jurisdiction where they have customers if they have $1 million or more in annual retail transaction. When individual purchases goods outside of their domestic state, the out-of-state sellers have no obligation to serve as the tax collector but the consumers have the obligation to report the use tax, a tax that individual should pay if one does not pay the tax already to his domestic state. Yet, very few consumers follow the requirement. This legislation is designed to close the loophole that currently allows buyers to purchase out-of-state item and avoid having to pay sales tax. Since every state and location have different tax requirement, the MFA intend to design tax software to help companies calculate their taxes and collect taxes for up to 46 states. One of the MFA’s main goals is to level the playing field between the local and online retailers by mandating the necessary taxes to be collect equally by every business. The MFA also attempts to protect the small businesses from the unfairness market competition...
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...Conducting a Business Research RES/351 February 10, 2014 Examination of Problem and Purpose T&W Operations is an information technology and logistics company searching for the most cost effective way to providing insurance coverage to 75 new and current fulltime employees as mandated by the Affordable Care Act. This act requires businesses to provide all fulltime employees health insurance meaning an increase in company costs to organizations like T&W Operations Inc. To concur with a large number of new customer proposals, T&W is now hiring 100 new employees, 50 of them being fulltime associates, equaling a total of 150 individuals, 75 fulltime and 75 part time employees. The company must find the most cost effective insurance plan to provide too all 75 new and current fulltime employees health insurance to abide by the Affordable Care Act requirements. . T&W’s Insurance Costs Increase: The Significance and Solution This significance of the solution is huge because if T&W Operations does not provide affordable health coverage to 75 fulltime associates, the company will pay a tax penalty of $2000 a person minus the first 30 employees, meaning T&W will owe $90,000 annually to the remaining 45 employees who did not receive insurance for a particular time period. According to the online forum www.obamacarefacts.com, “ The Obama Care "employer mandate" is a requirement that all businesses with over 50 full-time equivalent (FTE) employees...
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...Contents Challenges of business for 21st century 1 The Challenge of Information Society 1 The Challenge of the Global Financial Crisis 2 The Challenge of the Environment 2 The Challenge of the INTEGRITY 3 The Challenge of the Cash, Borrowing, and Resource Management 3 The Challenge of the increased selection and competition 4 The Challenge of the Marketing and Customer Loyalty 4 The Challenge of the Uncertainty 5 The Challenge of the Regulation 6 The Challenge of the Problem Solving and Risk Management 7 The Challenge of the Finding the right staff 7 Challenges of business for 21st century We are living in a whirlwind of change happening all over the globe. In these times of unprecedented challenges, flexibility and the ability to move with the times become very critical virtues. Rigidity may lead to decay and eventual organizational “bankruptcy.” The ability to surf the giant waves of change and not to be drown is something that must be conscientiously learn and practice. For companies and corporations to move head on and face the challenges brimming with positivity, they have to be able to welcome changes and be willing to be change themselves. The Challenge of Information Society We can no longer deny that technological advances have led the whole world into a qualitatively new era. Information society is just dawning and we still can barely sense the way it will comprehensively change the global landscape of business. Yet the facts are clear...
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...Today, small and medium industry MSME (Micro-Small and Medium Enterprises) involves a place of key significance in the Indian financial structure because of its critical commitment as far as yield, fares and work. The little scale industry represents 40% of gross modern esteem expansion and half of aggregate assembling sends out. More than 3.2 million units spread everywhere throughout the nation delivering around 8000 things, from extremely fundamental to exceedingly modern items. The SMEs are the greatest business giving divisions after farming; giving work to 29.4 million individuals. Nonetheless, MSMEs, which constitute over 90% of the aggregate number of modern ventures, are currently confronting an extreme rivalry from their worldwide...
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...Critical examination on the difference between managing a small organization to a big formal organization as an entrepreneur By James Muhowa, Social Science Student Successful entrepreneurs are opportunists who, through their creativity, drive and vision, create economic or social value. They challenge conventional wisdom by practicing disruptive innovation — innovation that creates new markets through the application of a different set of values. They change the rules of the game by questioning the status quo and upping the stakes. It follows that an entrepreneurial organization can be defined as: An organization that places innovation and opportunism at its heart in order to produce economic or social value (Meta, 2013). The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield (Say, 1803) whether a charity or a profit oriented organization, there is a need to use a businesslike approach is the organization is to endure overtime, so should every manager (Armstrong, 2009). A businesslike approach to management is one that focuses on allocating resources to business opportunities and making the best use of them to achieve the required results. All organizations, large or small, are today struggling to develop in an external operating environment which is epitomized by turbulence and uncertainty. Indeed, the natural cycle for most is from this entrepreneurial state, via growth, to protection, atrophy, crisis and...
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...be a successful person no matter in which area such as business, communities, study and family life. Although people can find lots of method to achieve the goal, there still are some characters should be aware and conscious cultivation if people want to better integrate with varied of fields. Resilience as a vital role to play in our life and it consist with different kinds of factors. In this essay, it will divide into three parts to discuss four important characters of resilience, including hardiness, adaptability, recovery and flexibility. Besides, in these four parts, it will also present these components how positive connect with communities, organizations, business or individual life. Hardiness Winston Churchill said that “success is going from failure to failure without losing enthusiasm.” It is a good explain and describe for the word, hardiness. Maddi (2013, p. 7) states hardiness can be as a channel to resilience when face the stress and resilience always as a component to keep individual performance and health no matter in psychological or physiological when they under the pressure environment. It is clear that hardiness has strongly connection with resilience and it is an important factor in our life. White, Absher & Huggins point out hardiness can help people to deal with the transforms from circumstance with high stressful level into less-stressful life events like activity of organization and business and survival from extremely harsh condition. Hardiness...
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...Starting an Online Business FOR DUMmIES ‰ 4TH EDITION by Greg Holden TEAM LinG - Live, Informative, Non-cost and Genuine ! Starting an Online Business For Dummies®, 4th Edition Published by Wiley Publishing, Inc. 111 River Street Hoboken, NJ 07030-5774 www.wiley.com Copyright © 2005 by Wiley Publishing, Inc., Indianapolis, Indiana Published by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, (317) 572-3447, fax (317) 572-4355, e-mail: brandreview@wiley.com. Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates...
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...Making a success of your business Essential checklists sponsored by sponsored by With more than 64,000 small and midsize customers worldwide, SAP is a leading provider of business applications and an established and highly successful player in the small and midsize enterprise (SME) market. SAP offers a broad and innovative solution portfolio for small businesses and midsize companies to meet the heterogeneous demands of SME customers. SAP solutions for small businesses and midsize companies include SAP(r) Business One, a single integrated application for successfully managing small businesses; SAP(r) Business ByDesign(tm), the software industry’s most complete, integrated and adaptable on-demand solution for midsize companies; and SAP(r) Business All-in-One, a customizable and extensible solution for midsize companies with deep industry best practices built in. Sold, implemented and maintained through SAP and an expanding network of qualified partners, all of the solutions are competitively priced, easy and quick to implement and scalable to customers’ growing business needs. The SAP solutions specifically designed for SMEs help enable small businesses and midsize companies to lower operating costs, improve operational excellence, gain better business insight and control, and grow their businesses flexibly. Additional information is available at www.sap.com/sme Chartered Management Accountants are the first choice for financially qualified business leaders. The Chartered...
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