Advantages of Starting Up a Business Free Essays

Advantages of Starting up a Business * Being your own Boss  Ã¢â‚¬â€œ you can make your own decisions, keep your own time and not have to answer to â€Å"The Boss† * Hard Work Know How  Ã¢â‚¬â€œ If you are a hard worker and / or have immense industry know how, you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence  Ã¢â‚¬â€œ One day, you may realise your dream of financial independence * Creative Freedom  Ã¢â‚¬â€œ no more restrictions, you can do what you like and have the freedom to work, design, create, build what you think is best – your way! Goodwill  Ã¢â‚¬â€œ you don’t have to pay for it (as if your would if you were buying a business) – you get to build it * Location, Premises, Building Fitout  Ã¢â‚¬â€œ you get to choose it all * Staff  Ã¢â‚¬â€œ your not lumped with staff you don’t want. You hire and train from scratch – your way * No Bad Name  Ã¢â‚¬â €œ a fresh business, a fresh start. We will write a custom essay sample on Advantages of Starting Up a Business or any similar topic only for you Order Now Your name has no bad history with suppliers or customers. If you buy a business, you may find some people just won’t deal with the business because of past dealings * Business Image  Ã¢â‚¬â€œ you create the business image you want. Your way. Disadvantages of starting your own small or medium business can include: * Cash Flow  Ã¢â‚¬â€œ your business may not have a positive cash flow for two years – how are you going to cover that? * Competitors  Ã¢â‚¬â€œ you may invest all this time, money and effort into your business and a large competitor targets your customers and offers them a similar product / service at below your cost – until your business has failed. While this may be anti – competitive and contravene sections of  The Trade Practices Act 1974, it may be too late for your business * Homework  Ã¢â‚¬â€œ have you done it? You may do it all and then find when you are all set up, that something from left field becomes apparent and significantly alters the outlook of your business * History  Ã¢â‚¬â€œ If you buy a business, you are buying something. You are buying history of the business trading, you have staff in place, equipment and premises in place, customers ringing in with orders on your first Monday morning. If you start a business, you have no history. Everything must be generated from scratch. * Married to the Business  Ã¢â‚¬â€œ this is a common hrase from small business owners. It basically means, your hours of work and level of commitment is such that you cannot take a holiday, your business is always with you (day, nights ; weekends) and basically your neck is on the line. You can’t just throw the keys back and give it all away if it gets too hard! * Suppliers  Ã¢â‚¬â€œ Suppliers may not extend you credit as your business has no history, so you may have to pay upfront for your goo ds, and you may not collect money from your customers for those goods for 90 – 120 days. This is very detrimental to cash flow. Can you sustain this? Have you factored it into your budget? * Family  Ã¢â‚¬â€œ is your family situation such that you can undertake this huge venture of starting a small business from scratch? Think carefully about starting a business from scratch. It often means a huge sacrifice with no guarantee of reward. Your current employed situation may actually be a better position than starting a small business. Good luck, in whatever you may decide. Please think about the advantages and disadvantages of starting a small business. Our list above is only a starting point, each situation will be different. If you are seriously considering starting a small business, Rogerson Kenny Business Accountants offer a free initial consultation, so you can discuss with us your ideas! Advantages and disadvantages of buying an existing business Advantages * Some of the groundwork to get the business up and running will have been done. * It may be easier to obtain finance as the business will have a proven track record. * A market for the product or service will have already been demonstrated. There may be established customers, a reliable income, a reputation to capitalise and build on and a useful network of contacts. * A business plan and marketing method should already be in place. * Existing employees should have experience you can draw on. * Many of the problems will have been discovered and solved already. Disadvantages * You often need to invest a large amount up front, and will also have to budget for professional fe es for solicitors, surveyors, accountants etc. * You will probably also need several months’ worth of working capital to ssist with cashflow. * If the business has been neglected you may need to invest quite a bit more on top of the purchase price to give it the best chance of success. * You may need to honour or renegotiate any outstanding contracts the previous owner leaves in place. * You also need to consider why the current owner is selling up and how this might impact the business and your taking it over. * It’s possible current staff may not be happy with a new boss, or the business might have been run badly and staff morale may be low. Advantages and disadvantages of franchising Advantages * Your business is based on a  proven idea. You can check how successful other franchises are before committing yourself. * You can use a recognised  brand name  and  trade marks. You benefit from any advertising or promotion by the owner of the franchise – the ‘franchisor’. * The franchisor gives you  support  Ã¢â‚¬â€œ usually including training, help setting up the business, a manual telling you how to run the business and ongoing advice. * You usually have  exclusive rights  in your territory. The franchisor won’t sell any other franchises in the same territory. Financing  the business may be easier. Banks are sometimes more likely to lend money to buy a franchise with a good reputation. * You can benefit from communicating and sharing ideas with, and receiving support from, other franchisees in the network. * Relationships with  suppliers  have already been established. Disadvantages * Costs  may be higher than you exp ect. As well as the initial costs of buying the franchise, you pay continuing management service fees and you may have to agree to buy products from the franchisor. The franchise agreement usually includes  restrictionson how you can run the business. You might not be able to make changes to suit your local market. * The franchisor might go  out of business. * Other franchisees could give the brand a  bad reputation, so the recruitment process needs to be thorough * You may find it difficult to  sell  your franchise – you can only sell it to someone approved by the franchisor. * All profits (a percentage of sales) are usually shared with the franchisor. How to cite Advantages of Starting Up a Business, Papers

General Intelgency Nurture Theory of Psychology

Question: Explain the concept of nature and nurture and how it is a debate; consider with examples how it might be used to explain child development. Answer: The debate relating nature and nurture theory of psychology has been ongoing for a fair amount of time and is concerned with the fact that which particular aspect of the human behavior is a product regarding the inherited that is the genetic or the acquired that is the learned characteristics. These two aspects are considered important in case development of a child in terms of his behavioral and psychological aspects (Archard 2014). Figure 1: Approach to psychology through the aspect of Nature and Nurture theory, Source: (Archard 2014) With respect to the current context, it can be said that one of the oldest arguments of psychology is considered as the controversy regarding the nature and nurture theory of psychology (Bornstein and Bradley 2014). Each of these above-mentioned two aspects has both the positive and negative sides as well. the main controversy is related to the fact that whether the development of a child is predisposed in his DNA, which is acquired through his or parents or the majority of his characteristics is influenced by the real life experiences according to his her surrounding environment (Eagly and Wood 2013). Nature and nurture refer to the innate qualities of an individual in comparison to his personal experiences. This brings about the individual differences in case of the behavioral traits. It is a debate that has been continuing in the developmental sciences, emerging from the research findings and theoretical perspectives in the fields of education, neuroscience, sociology and psychology. Nature and nurture are a complimentary and conflicting dialogue with an immense underlying principle of extremely dynamic and complex interaction that occurs between the environmental influences ad biological factors, related to child development (Golombok et al. 2014). The developmental pathways and human mind do not follow a fixed effect and cause pattern. Instead, the developmental transformations are regarded as unpredictable as the environment initiates the processes of neurobiology and the child as per his individuality interprets them. These transformations result as a complex interrelation of process, substance and time and occurs a dynamic play between the environmental experience and gene action that continues as long as the child lives. The effects of these two factors are most prominent in the earliest years of the life of the child when the brain growth takes place at its peak velocity (Gottlieb 2014). The predisposition of the child to learn and brains plasticity are shaped by the stimulation of emotional, cultural, cognitive and social nature and the environmental influences for the creation of new pathways for development and learning. The debate of nature versus nurture is applied as a mean for describing the differences that occur during development of a child. Nature is the hereditary or biological information that shapes the learning and development of the child whereas nurture refers to the everyday interactions the child faces in their environment. Based on the individual differences in the development of a child, it can be said that characteristics and heredity of a child remain stable throughout his life whereas the experiences of early life of the child shape the future behavior patterns. However, new experiences bring a change in behavior. Caregivers and parents are often of the opinion that child development is largely dependent on nature. That is the reason they provide children with various activities for stimulating the change (Gross 2015). If they were of the belief that nurture and not nature is responsible for child development, they would have provided the activities for stimulation at a much earl ier age. In addition, they would have cared to provide the child with high quality experiences for ensuring a better adulthood for him. Another phenomenon which is observed that there are certain characteristics which are not observed at the time of birth of a particular child but they tend to emerge later in their life. These properties are often categorized as the product of maturation. The reason behind this type of phenomenon is that every individual has a particular inner biological clock (Slee and Shute 2014). Which stitches on and off with respect to certain behavioral aspects. A classic example of such phenomenon is the typical physical development or the bodily changes, which occur at the time of early adolescent or puberty. There are also some arguments that maturation actually governs the fact of emergence regarding attachment of infancy, cognitive development and the language acquisition as well (Harold et al. 2013). Nature or the genetics is to be proven as one of the reasons, which affect the development of the mental health of an individual. In many cases, at the development stage of a child, diseases like schizophrenia, major depression, and bipolar syndrome may occur. However, it can also be said that there is certain importance of the genetic factors regarding the mental illness and its development in the case of children. If one twin develops the event of schizophrenia, then there is a fifty percent of a chance that the second twin will also develop the same. This phenomenon states the importance and contributing part of nature (Horowitz 2014). In recent times, with respect to the current context, it is proposed that the nature and nurture do not independently in case of development of a child. It is suggested that both the nature and nurture are essential in case of development of particular set behavioral characteristics. It is also suggested that it is almost impossible to state that whether a particular behavior is a result of genetics or the effect of the surrounding environment (Magnusson 2015). In recent years, there has been an enormous amount of advances in the field of genetics. For example, The Human Genome project is considered to be one of the most important aspects for the purpose of tracing down the behavior and properties of particular regions of DNA located in specific chromosomes as well (Kan et al. 2013). A recent study on the particular hereditary and problems regarding the alcoholism indicated that adopted child with the presence of alcoholic parents are four times more likely to become alcoholic than the scenario where their presence are not alcoholic (Seligman and Csikszentmihalyi 2014). New findings also suggest that there is some relatedness in terms of genetics. In terms of nurture, it is meant that the environment and people surrounding the child. This may affect heavily on the mind set and development of a particular child. In many cases, the adult individuals possess many diseases in term of psychological aspect. From taking examples of such phenomenon, it can be said that the nurture aspect also effects heavily in terms of the development of a particular child (Lemer and Lemer 2013). Researchers in the current context have stated that nature and nurture both concur that the linkage between the behavior and the gene is not always the same as the cause and the effect. It is observed that a gene may sometimes increase the likelihood of to behave a particular child in a certain manner but it do not influence a child to do or act in a particular manner (Shaffer and Kipp 2013). As a result, it can be said that the child actually still possesses the choice of what he or she wants to be or wants to act. Some of the social scientists also stated that the interaction of a child with both the nature and nurture play an important role in that particular child's life and effect the life of that particular child's in such a manner that it will impact on the characteristics when he or she is full grown (Stemberg and Stemberg 2015). These proper environments not only consist the child's symbolic and social setting but also of the natural environments as well. Another who should be included in the conclusion is that the intermediary heritability of a child always shapes the traits through both the environment and the genetic depositions as a child develops with respect to age. It can be said that all nature depends on the nurture and the process is vice versa as well as both of them exist and coexist with each other. References Archard, D., 2014.Children: Rights and childhood. Routledge. Bornstein, M.H. and Bradley, R.H. eds., 2014.Socioeconomic status, parenting, and child development. Routledge. Eagly, A.H. and Wood, W., 2013. The naturenurture debates 25 years of challenges in understanding the psychology of gender.Perspectives on Psychological Science,8(3), pp.340-357. Golombok, S., Mellish, L., Jennings, S., Casey, P., Tasker, F. and Lamb, M.E., 2014. Adoptive gay father families: Parentchild relationships and children's psychological adjustment.Child Development,85(2), pp.456-468. Gottlieb, G., 2014.Synthesizing nature-nurture: Prenatal roots of instinctive behavior. Psychology Press. Gross, R., 2015.Psychology: The Science of Mind and Behaviour 7th Edition. Hodder Education. Harold, G.T., Leve, L.D., Elam, K.K., Thapar, A., Neiderhiser, J.M., Natsuaki, M.N., Shaw, D.S. and Reiss, D., 2013. The nature of nurture: Disentangling passive genotypeenvironment correlation from family relationship influences on children's externalizing problems.Journal of Family Psychology,27(1), p.12. Horowitz, F.D., 2014.Exploring developmental theories: Toward a structural/behavioral model of development. Psychology Press. Kan, K.J., Wicherts, J.M., Dolan, C.V. and van der Maas, H.L., 2013. On the nature and nurture of intelligence and specific cognitive abilities the more heritable, the more culture dependent.Psychological science, p.0956797613493292. Lerner, R.M. and Lerner, J.V., 2013.Developmental psychology(pp. 624-631). Springer Netherlands. Magnusson, D., 2015.Individual Development from an Interactional Perspective (Psychology Revivals): A Longitudinal Study. Psychology Press. Seligman, M.E. and Csikszentmihalyi, M., 2014.Positive psychology: An introduction(pp. 279-298). Springer Netherlands. Shaffer, D. and Kipp, K., 2013.Developmental psychology: Childhood and adolescence. Cengage Learning. Slee, P.T. and Shute, R., 2014.Child Development: Thinking About Theories Texts in Developmental Psychology. Routledge. Sternberg, R.J. and Sternberg, K., 2015.Cognitive psychology. Nelson Education.

Nicholas Coppernicus Essays - Copernican Revolution,

Nicholas Coppernicus Nicolaus Copernicus was a Polish astronomer, best known for the astronomical theory that the sun is stationary and Earth, spinning on it's axis once daily, revolves around the sun annually. He was very intelligent and was educated at various universities. If Copernicus hadn't challenged Pltolmy's theory, it would have affected us in many ways. Space travel, satellites, and weather prediction would not be as advanced. Nicolaus Copernicus was born on February 19, 1473 in Torun, Poland (Wood 87). He was born into a family of merchants. Copernicus uncle, Bishop Lukasz Watzerode, made sure his nephew obtained a solid education. In 1491 Copernicus enrolled in Jagiellonian University. From there he studied liberal arts for four years but received no degree. Like many others he went to Italy to study medicine and law (Smith 1039). Before he left, his uncle appointed him a church administrator in Fronbork. He then used the money from there to pay for school. Copernicus began to study canon lay at the University of Bologna in 1497. At that time he, was living at the home of mathematics professor, Domenico Maria de Novara. Copernicus astronomical and geographical interests were greatly inspired by Novara (Westman). Around 1500 Copernicus gave speeches on astronomy to people in Rome. Later that year he gained permission to study medicine at Padua University. Copernicus, without completing his medical studies , received a doctorate in canon law from Ferrara in 1503, after which he returned to Poland to take up his administrative duties (Smith 1039). From 1503 to 1510, Copernicus stayed in his uncle's bishop palace in Lidzbark Warmiski. From there he published his first book, a Latin translation of letters on morals by a Byzantine writer. Between the times of 1507 and 1515, he completed a short astronomical book. It was not published until the 19th century (Wood 87). The main premises of the Copernican theory were that Earth rotates daily on its axis, while revolving yearly around the sun. He argued that other planets also circle the sun. His theories of planetary motion had the advantage of accounting for the daily and yearly motion of the sun and stars. It explained the apparent motion of Mars, Jupiter, and Saturn and the fact that Mercury and Venus never moved more than a certain distance from the sun. His theory also stated that the sun was stationary. Another important aspect on Copernican's theory was that it allowed some kind of order of the planets, according to their periods of revolution. Unlike Pltolomy's theory, the greater the radius of the planets orbits, the greater the planet takes to make one revolution around the sun. Not many 16th century readers wanted to believe the Copernican theory. They didn't believe that there was a rotating Earth and that it spun 24 hours a day (westman). Nicolaus Copernicus passed away in 1543, but no one forgot his astronomical theory. By the 17th century, most major thinkers in England, France and Denmark were Copernicans, but natural philosophers in other European countries held strong anti-Copernican views for a least another century. Copernicus was a very intellectual man. He was one of the greatest thinkers of all time. For him to challenge Pltolmy's theory was very courageous at that time. Many people doubted his theory. It was hard for people to believe something so different to what they had known. It's incredible that Copernicus didn't let society change his thinking. If it wasn't for his intelligence and courage, we wouldn't have the knowledge to test our space technology.

In Absentia Used As An Adjective

In Absentia Used As An Adjective â€Å"In Absentia† Used As An Adjective â€Å"In Absentia† Used As An Adjective By Maeve Maddox A reader has asked me to comment on the following uses of the Latin phrase in absentia (â€Å"in his/her absence†) in The Harvard Crimson: Headline: FAS Relaxes In Absentia Rules Text: Undergraduates studying abroad in spring 2007 will be able to take their fall exams early- if their instructors approve- rather than having to lug their books overseas for in absentia exams. The reader feels that the phrase should not be used to describe a noun: This usage looks incorrect to me. M-W describes [in absentia] only as an adverb. Regardless of what it says in the dictionary, in absentia is often used as a qualifier in academic and legal contexts: Fallows intended his in  absentia  program as a vehicle for reaching adults, not as  an option for the conventional, youthful collegiate audience. All degree requirements must be completed or in progress before the student can begin the in absentia graduation process. The in absentia registration fee is $25. If a defendant takes off during the pretrial phase, however, he may be able to elude an  in absentia conviction. In general usage, there’s no reason to use in absentia as anything but an adverb phrase: The degree was conferred upon the deployed soldier in absentia. The man was condemned in absentia. The new program chairman was elected in absentia. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:30 Synonyms for â€Å"Meeting†Social vs. Societal20 Slang Terms for Law Enforcement Personnel

IKEA Research Paper Example | Topics and Well Written Essays - 3750 words

IKEA - Research Paper Example is native land Smaland, south Sweden).IKEA is known for it’s up to date architectural designs that fit various kinds of furniture and appliances, and has got interior design work that is most of the time related with an eco-friendly ease (Baxter, Landry, 2010). Apart from this IKEA is famous for its keenness to cost control, constant product development and operational details, corporate features which permitted IKEA to review its prices downwards by an average of 2 or 3 percent over the ten years to 2010 during an era of global development. As of the beginning of 2014, IKEA proudly owns and operates 349 stores in over 43 countries. In financial year 2010, IKEA sold over US$23.1 billion worth of goods, a sum that signified a 7.7% increase over 2009.IKEA’s website contains over 12,000 products and is the closest depiction of the complete IKEA range. Apart from that there were over 470 million guests to IKEA’s websites from the year September 2007 to September 2008.IKEA spends just about 1% of the world’s supply of wood, making it one of the biggest users of wood as far as retail sector is concerned(Baxter, Landry, 2010). IKEA was formed in 1943, mainly as mail-order sales company. IKEA started selling furniture about five years afterwards. The very first store opened its doors to the public in 1958 at Smaland whereas the first stores outside of Sweden opened their doors in Denmark (1969) and Norway (1963).The stores later on extended to other European parts in the 1970s with the very first store outside of Scandinavia being opened in Switzerland in 1973 and Germany branch opened later in 1974. IKEA’s current products includes furniture, decorative and linen accessories are typified by some exceptional features, for instance, IKEA’s 2013 furniture fabrics are very illustrious with its unique designs;ethnic,romantic,pop and contemporary. Thus IKEA has produced interesting designs which are bound to keep people talking for months. In 2013, IKEA offered

The Drama Of The Love Triangle In Literature Essay - 1

The Drama Of The Love Triangle In Literature - Essay Example The door goes unanswered after they rang the doorbell for several times, but as they were about to leave, they heard footsteps from the inside of the house. The door opened and there stood Liz wearing her chequered black and white pajama and a cheeky smile, which was so unusual for her. After exchanging pleasantries, they entered the house, and this time Kelvin’s attempt to hold Linda’s hand was not rejected. They walked hand in hand up to the living room and from the look on Liz’s face, the gesture was not welcome. Kelvin having known Liz for a long time let off Linda’s hand. Liz rushed to the kitchen to fetch a drink for them and Kelvin could not help staring at the rich bosom that Liz displayed when she was rising from her seat to go to the kitchen. When he realized he was being watched, he tried to look the other way, but Linda had already noticed and she mumbled something that was not coherent. Liz returned with a bottle of grape juice, which they proceeded to take as they chatted over general things. When it was time to leave, Kelvin explained to Liz their reason for coming and signaled Linda to give Liz the story as she had narrated to him before they left college premises earlier in the day. Linda gave her side of the story as she had given it to Kelvin, although this time she seemed more emotional, which at one point moved Liz to tears. Kelvin, who was used to seeing women cry, started to get irritated when he saw the discussion was getting emotional, so he excused himself to the washroom. After leaving, the two women looked at each other with te ary eyes, and a sense of connection between them attracted them to each other; however, to Linda there was something about Liz that made her suspicious, but since her newfound friend Kelvin had told her that she is a God fearing person, she had no reason to worry.

Organizational Culture Essay Example | Topics and Well Written Essays - 250 words - 2

Organizational Culture - Essay Example For example, there are differences between Chinese customers’ role in influencing organizational culture as compared to Canadian customers. This section seeks to address the differences and the corresponding organizational cultures of the two business environments. The entire Chinese market is customer influenced and organizational cultures, local and foreign have to adapt to the customers’ perspective of culture (Cameron and Quinn, 2011). Organizations have two explicit environments that they must be aware of and be ready to manage subsequently. Firstly, the internal environment involves the manner in which the organization is run and how processes are approached from a routinely perspective rather from policy perspective (Campbell and GÃ ¶ritz, 2014). The development of routines in leadership, process control, performance appraisals, and development of competitive strategies define the characteristics of the organization and the overall defining culture. Secondly, the external environment comprises mainly of shareholders whose role is to provide financial support through the acquisition of organizational stakes. The investors influence organizational culture in terms of their expectations and contribution to the organization in both financial and intelligence levels (Dalkir, 2011). All for-profit and non-profit organizations have different tools for appraising performance. Performance is an organizational measurement tool for success and involves participation of management and other stakeholders such as employees. In this case, the coordination among stakeholders, the rewarding systems, the disciplinary measures, and promotional strategies defines the performance dimension of organizational culture (Flamholtz & Randle,