Successfully Funding a Business Venture Free Essay Example, 1500 words

Usually, banks and other creditors are relatively reluctant to lend loans to startup businesses however all of our partners have sound experience and impressive professional credentials which would make the outlook of our future more viable. In case if we remain unable to raise loans through applications, personal properties of partners can be used as collaterals to raise loans. Where these loans are obtained for a longer period and provide suitable payback time to debtors, failure to pay back can lead to losing business as well as collaterals and incurring severe financial penalties with poor credit history affecting partners future credit status. Almost all of our members use credit cards that offer short-term credit services against very low-interest rates, annual fees and have several perks and benefits that can be helpful in business purchasing and traveling (Bagley Whynott, 1994; Fritzpack, 2013). This method also is fairly convenient due to readily available cash in hand and also less formal procedures in acquiring loans. However, this option provides a solution in the short-term only and hence can be used for operational expenses only with credit being paid off in the time limit specified by banks. We will write a custom essay sample on Successfully Funding a Business Venture or any topic specifically for you Only $17.96 $11.86/page Since we are intending to control expenditure in the beginning, partners in the event management firm would have to come up with personal liquidated assets. This method is expedient, convenient and has a lesser cost involved. Although the risks of losing one s personal assets cannot be ignored cost-benefit analysis makes this option more appropriate than others.

The Case Of Integrity Staffing And Relationships Between...

Laws are an important part of our lives that can either protect us or hurt us depending on what we are trying to do and what we want. A law is system of rules that is designed to regulate actions and relationships between people. Laws are generally created for the benefit of the whole and for the right treatment of people. There are not always clear laws about every issue and when people feel like they have been treated wrong they can sue someone in a court to establish justice. Courts have jurisdiction which is power to make legal decisions. Workers at the Amazon warehouses were upset by the unpaid screening at the end of their shifts which resulted in many lawsuits against the company’s policies. Many of workers at the Amazon’s†¦show more content†¦Busk, like many other workers, felt that he was treated wrong while the company wanted to maximize production at minimum the costs. In this case Busk is the plaintiff who filed a complaint against Integrity Staffing Solutions who is the defendant. The Seventh Amendment guarantees the right to a jury trial which led Busk’s 2010 claim into trial over the unpaid screenings. The case lasted a long time and in that time reached appeal court and later the Supreme Court. During this time many similar allegations occurred by Amazon warehouse workers and their cases were put on hold waiting for the decision of the Integrity Staffing Solutions v. Busk case. Similar cases against different companies will also be affected by this court decision. When Busk decided to sue Integrity Staffing Solutions he got a lawyer who was familiar with the processes and could help him navigate through all the steps. To start, there are two types of court systems: state which consists of trial courts and appellate courts and federal which holds the highest court U. S. Supreme Court. Busk’s case was big and would affect many workers so the case went to the federal court system. The appellate court has decided for the case of Busk v. Integrity to go on further and it reached the Supreme Court where the final ruling will take place. The federal court system deals with cases that involve laws,

Deception Point Page 29 Free Essays

Rachel noted how careful the President was being not to mention her father. He spoke only in terms of â€Å"the opposition† or â€Å"political opponents.† â€Å"And you think your opposition will cry conspiracy simply for political reasons?† she asked. We will write a custom essay sample on Deception Point Page 29 or any similar topic only for you Order Now â€Å"That is the nature of the game. All anyone needs to do is cast a faint doubt, saying that this discovery is some kind of political fraud concocted by NASA and the White House, and all of a sudden, I’m facing an inquiry. The newspapers forget NASA has found proof of extraterrestrial life, and the media starts focusing on uncovering evidence of a conspiracy. Sadly, any innuendo of conspiracy with respect to this discovery will be bad for science, bad for the White House, bad for NASA, and, quite frankly, bad for the country.† â€Å"Which is why you postponed announcing until you had full confirmation and some reputable civilian endorsements.† â€Å"My goal is to present this data in so incontrovertible a way that any cynicism is nipped in the bud. I want this discovery celebrated with the untainted dignity it deserves. NASA merits no less.† Rachel’s intuition was tingling now. What does he want from me? â€Å"Obviously,† he continued, â€Å"you’re in a unique position to help me. Your experience as an analyst as well as your obvious ties to my opponent give you enormous credibility with respect to this discovery.† Rachel felt a growing disillusionment. He wants to use me†¦ just like Pickering said he would! â€Å"That said,† Herney continued, â€Å"I would like to ask that you endorse this discovery personally, for the record, as my White House intelligence liaison†¦ and as the daughter of my opponent.† There it was. On the table. Herney wants me to endorse. Rachel really had thought Zach Herney was above this kind of spiteful politics. A public endorsement from Rachel would immediately make the meteorite a personal issue for her father, leaving the senator unable to attack the discovery’s credibility without attacking the credibility of his own daughter-a death sentence for a â€Å"families first† candidate. â€Å"Frankly, sir,† Rachel said, looking into the monitor, â€Å"I’m stunned you would ask me to do that.† The President looked taken aback. â€Å"I thought you would be excited to help out.† â€Å"Excited? Sir, my differences with my father aside, this request puts me in an impossible position. I have enough problems with my father without going head-to-head with him in some kind of public death match. Despite my admitted dislike of the man, he is my father, and pitting me against him in a public forum frankly seems beneath you.† â€Å"Hold on!† Herney waved his hands in surrender. â€Å"Who said anything about a public forum?† Rachel paused. â€Å"I assume you’d like me to join the administrator of NASA on the podium for the eight o’clock press conference.† Herney’s guffaw boomed in the audio speakers. â€Å"Rachel, what kind of man do you think I am? Do you really imagine I’d ask someone to stab her father in the back on national television?† â€Å"But, you said-â€Å" â€Å"And do you think I would make the NASA administrator share the limelight with the daughter of his arch enemy? Not to burst your bubble, Rachel, but this press conference is a scientific presentation. I’m not sure your knowledge of meteorites, fossils, or ice structures would lend the event much credibility.† Rachel felt herself flush. â€Å"But then†¦ what endorsement did you have in mind?† â€Å"One more appropriate to your position.† â€Å"Sir?† â€Å"You are my White House intelligence liaison. You brief my staff on issues of national importance.† â€Å"You want me to endorse this for your staff?† Herney still looked amused by the misunderstanding. â€Å"Yes, I do. The skepticism I’ll face outside the White House is nothing compared to what I’m facing from my staff right now. We’re in the midst of a full-scale mutiny here. My credibility in-house is shot. My staff has begged me to cut back NASA funding. I’ve ignored them, and it’s been political suicide.† â€Å"Until now.† â€Å"Exactly. As we discussed this morning, this discovery’s timing will seem suspect to political cynics, and nobody’s as cynical as my staff is at the moment. Therefore, when they hear this information for the first time, I want it to come from-â€Å" â€Å"You haven’t told your staff about the meteorite?† â€Å"Only a few top advisers. Keeping this discovery a secret has been a top priority.† Rachel was stunned. No wonder he’s facing a mutiny. â€Å"But this is not my usual area. A meteorite could hardly be considered an intelligence-related gist.† â€Å"Not in the traditional sense, but it certainly has all the elements of your usual work-complex data that needs to be distilled, substantial political ramifications-â€Å" â€Å"I am not a meteorite specialist, sir. Shouldn’t your staff be briefed by the administrator of NASA?† â€Å"Are you kidding? Everyone here hates him. As far as my staff is concerned, Ekstrom is the snake-oil salesman who has lured me into bad deal after bad deal.† Rachel could see the point. â€Å"How about Corky Marlinson? The National Medal in Astrophysics? He’s got far more credibility than I do.† â€Å"My staff is made up of politicians, Rachel, not scientists. You’ve met Dr. Marlinson. I think he’s terrific, but if I let an astrophysicist loose on my team of left-brain, think-inside-the-box intellectuals, I’ll end up with a herd of deer in the headlights. I need someone accessible. You’re the one, Rachel. My staff knows your work, and considering your family name, you’re about as unbiased a spokesperson as my staff could hope to hear from.† Rachel felt herself being pulled in by the President’s affable style. â€Å"At least you admit my being the daughter of your opponent has something to do with your request.† The President gave a sheepish chuckle. â€Å"Of course it does. But, as you can imagine, my staff will be briefed one way or another, no matter what you decide. You are not the cake, Rachel, you are simply the icing. You are the individual most qualified to do this briefing, and you also happen to be a close relative of the man who wants to kick my staff out of the White House next term. You’ve got credibility on two accounts.† â€Å"You should be in sales.† â€Å"As a matter of fact, I am. As is your father. And to be honest, I’d like to close a deal for a change.† The President removed his glasses and looked into Rachel’s eyes. She felt a touch of her father’s power in him. â€Å"I am asking you as a favor, Rachel, and also because I believe it is part of your job. So which is it? Yes or no? Will you brief my staff on this matter?† Rachel felt trapped inside the tiny PSC trailer. Nothing like the hard sell. Even from three thousand miles away, Rachel could feel the strength of his will pressing through the video screen. She also knew this was a perfectly reasonable request, whether she liked it or not. â€Å"I’d have conditions,† Rachel said. Herney arched his eyebrows. â€Å"Being?† â€Å"I meet your staff in private. No reporters. This is a private briefing, not a public endorsement.† â€Å"You have my word. Your meeting is already slated for a very private location.† Rachel sighed. â€Å"All right then.† The President beamed. â€Å"Excellent.† Rachel checked her watch, surprised to see it was already a little past four o’clock. â€Å"Hold on,† she said, puzzled, â€Å"if you’re going live at eight P.M., we don’t have time. Even in that vile contraption you sent me up here in, I couldn’t get back to the White House for another couple of hours at the very fastest. I’d have to prepare my remarks and-â€Å" How to cite Deception Point Page 29, Essay examples

Business Strategy Applies to Military or Management

Question: Discuss about the Business Strategy for Applies to Military or Management. Answer: Introduction: There is no common accepted definition of what exactly a strategy is, as applies to military or management, but it applies to nearly every aspect of human life. Strategy is a set guideline for your thought processes, decision-making and actions so that goal can be accomplished. It is a plan to overcome the identified problems through a series of methods and calculated plans that uses all ones intelligence resources and tactics combined to emulate the series of methods to overcome all the challenges to achieve the desired result.(Porter, What is strategy?, 1996). Porters main idea is that the strategy is a unique and valuable position involving in different set of activities. Strategic position emerges from three distinctive sources first serving few needs of many customers, second serving board needs of few customers and last serving board needs of many customers in a narrow market. Strategy is often confused with a set of goal, a tactic to achieve victory or a problem identified. Go als should not be confused with planning strategy; a goal is a vision of the future not a series of process that you can execute your vision through. For example, Googles goal is to organize the worlds information and it has made strategies like developing products like google glasses, Gmail, YouTube, etc. all these are product that came out of the strategy that was aimed at organizing the worlds information. Goals are just wishful visions while strategy is used to reach the goal. The most common confusion is between tactic and strategy. Tactics are just small manoeuvres to win battles but they do not help to win the war. A suitable example to explain this would be: suppose you are planning to lose ten pounds and you start eating healthy foods. But one day a bakery opens near you and the smell tempts you to visit the bakery. So before visiting the baker you eat a healthy portion of salad to avoid having more portions in the bakery, but the portion keeps you full so you decide to not visit the bakery anyhow. So you won the battle of not visiting the bakery that day but you still did not win the war of losing ten pounds. A detailed plan on how you are going to overcome an obstacle can be laid out as a good battle tactic but a detailed plan on how you are going to overcome the obstacle to achieve your goals is a good strategy. (Tzu) A good strategy has clearly defined goal, helps us to understand the competition in the environment, a clear picture of the available resources and also an efficient plan to implement the strategy. Well some of the tools needed I order to draft a successful strategy are: Plan: we need to start with understanding some of the implications of the industry and how to analyse the industry and primarily use porters five forces. Positioning: How well can you position yourself in the particular industry and at which position are you at the particular moment? Competitors: how can you analyse your competitors and are their available tools to understand better potential actions that the competitors will be using? Resources: How can you figure out which resources will be required for your industry? Well these four sections will deal with the business level analysis but of course as many corporations consist of different businesses and there are some aspects we will get through if we understand the diversifications and internationalization.(Porter, 2008) Business Model Innovation Business model innovation is the process of improving new ideas that helps in improving a companys financial stability, goal ad mission, and execution process in carrying those ideas to fulfillment. Business Modeling is regularly seen as procedure to revamp the building squares to an inventive plan of action. What individuals overlook is that a plan of action is the building arrangement of your business as well as ought to offer response to the inquiry "Why ought to your business exist from a client point of view?" So a plan of action is a building arrangement as well as how you offer intending to your clients and your representatives. (Ovans, 2015) The essential objective Business Model is to understand that there are new products or services that improve the income of a company and also add value to the product that the consumer is currently using. The advanced and growing age has turned into an opportunity for plan of action development, likewise innovation of new products and services have significantly changed how organizations work and present their products and services to clients. This breakthrough has shortened lifecycles of products and services and has also allowed for monetary achievement. The worldwide commercial has also changed the requirement for plan of action developments, as organizations must prepare themselves to stiffer universal rivalry and the environmental uncertainty. These elements are driving organizations to stay focused and encourage development in the aggressive worldwide commercial center.(Netessine, 2014) Apple is a wonder example of the Business Model Innovation done in beginning of mid-2000s. From selling MACs it increased its presence to other devices, for example, the iPod, iPhone and iTunes. For instance, the iPod and was a leap that would help the downloadable music industry, while the iPhone was a breakthrough in the cell phone market. Netflix is another case of this sort of business development. Therefore, as we can see, business model plays a critical role in the process of innovation, it can be used as a leverage by companies to improve upon its existing range of products and services. Bibliography Dunung, M. A. (n.d.). Retrieved from https://catalog.flatworldknowledge.com/bookhub/3158?e=fwk-168388-ch10_s04 Netessine, K. G. (2014). Retrieved from https://hbr.org/2014/07/four-paths-to-business-model-innovation Ovans, A. (2015, January 23). Retrieved from https://hbr.org/2015/01/what-is-a-business-model Porter, M. E. (1996). What is strategy? Retrieved from https://hbr.org/1996/11/what-is-strategy# Porter, M. E. (2008, January ). Retrieved from https://hbr.org/2008/01/the-five-competitive-forces-that-shape-strategy Tzu, S. (n.d.). Art of War.