Essay about Financial Plan

Essay about Financial Plan Essay about Financial Plan Business Plan MR.BEAR Korean Barbeque (BBQ) Buffet Jinse, Zoe, Nicky, Nichole, Ying CONTENTS 1. Business Idea * Goods or services * Product, price, sizes, services, offers * Logo * Business name 2. Market * Market size * Market segment * Main competitors * 3. Research * Primary research * Secondary research 4. Legal Structure 5. Location 6. Human resource * Number of employees you plan to employ 7. Finance * Sources of finance(short and long term) 8. Costs * Start-up costs * Fixed and variable costs 9. Budget * Sales budget * Cost budget * Production budget 10. Financial forecast * Break even chart * Cash flow forecast 11. SWOT analysis 12. Appendix BUSINESS IDEA MR.BEAR is a Korean BBQ Buffet restaurant. We will provide many different types and parts of fresh meats (Beef, pork, chicken, lamb). It will be called the meat bar. Also, we will offer salad bar and even desserts. Our first restaurant will be located in Tottenham Court Road, London. MR.BEAR would be a medium restaurant like Pizza Hut and Nando’s which are normal restaurants for people as not too expensive compare to high restaurants like hotel meals therefore they are easy to come and enjoy our restaurant. Korean BBQ refers to the Korean method of grilling beef, pork, chicken, lamp or other types of meat. Such dishes are often prepared at the diner's table on gas or charcoal grills that are built into the table itself. Some Korean restaurants that do not have built-in grills provide portable stoves for diners to use at their tables. As we mentioned above, our restaurant will be operated as a buffet which is a system of serving meals in which food is placed in a public area where the diners generally serve themselves. We will provide fresh many different meats, vegetables, side dishes and desserts (fruits and ice creams). People can choose and eat every food that they want to try. Moreover, about drinks, not only soft drinks but we will also offer Korean traditional teas and Korean traditional alcoholic drinks (Soju and Makgeolli). [ If people pay certain amount money (It will be shown below), they could try all the food as much as you like. We will only charge costs for drinks. However, there is a time limit maximum two hours as some people could stay more than 3hours, and then our business would be failed. Pictures of meat bar How to enjoy our restaurant (grill) Step 1 Bring your food what you want from the food bars and put your meat like the picture below Step 2 When the meat is roasted well done one, then roast another part as well. Step 3 When the both side of meat are roasted, and then cut the meat. Step4 Menu | Weekdays | Weekends | Lunch | * Adult: Â £14.90 * Student: Â £11.90 * Children(5-11): Â £5 * Baby(0-4): Free | * Adult: Â £16.90 * Student: Â £13.90 * Children(5-11): Â £5 * Baby(0-4): Free | Dinner | * Adult: Â £17.90 * Student: Â £14.90 * Children(5-11): Â £7 * Baby(0-4): Free | * Adult: Â £19.90 * Student: Â £16.90 * Children(5-11): Â £7 * Baby(0-4): Free | Special side dishes * Korean cold noodle: Â £3 * Korean spicy noodle: Â £3 * Korean Miso soup: Â £3 * Korean Kimchee soup: Â £3 | Drinks * Soft drinks: Â £1.30 * Korean green tea: Â £2Beverages * Soju: Â £8.90 * Makgeolli(rice wine):

The Automobile industry Essay Example | Topics and Well Written Essays - 2000 words

The Automobile industry - Essay Example The automobile industry is a textbook example of an industry where economies of scale pay a very important role. While there may be dozens of players around the world who produce, support and work with the industry, there are only a few producers who can claim to have a significant share of the market. Similarly, even though cars are produced in almost every developing and developed nation, only a few countries contribute in a significant manner to the global car production and consumption statistics. This can be attributed to the fact that the first automobiles were produced and developed soon after the industrial revolution by countries that had the required infrastructure and engineering skills. For example, the first steam powered three wheeler was built in France in 1769 and the first internal combustion engine was built in Belgium while the Germans made the predecessor of the modern car in 1885. Ford started his assembly line plans in 1896 and the mass production of motor vehicles was created as an established industry (Baki, 2004). In the modern world, there are just a few companies who define the overall structure of the automobile industry. They are: GM, Ford, Daimler-Chrysler, BMW, VW, Volvo, Toyota, Mazda, Mitsubishi and Nissan. These companies also formed an industry alliance which is called the Alliance of Automobile Manufacturers. In the last two decades, the industry has seen a spike in mergers and acquisitions which has consolidated many different brands of cars under the same company (Raisch and Zimmerman, 2006). Very recently, technology and innovation has come to the forefront of car manufacturing since the pervasive nature of technology has motivated car producers to accept it as a given focus. For the present companies in the automobile industry, there are several different challenges which must be addressed. The first and most important

The role of International Financial Reporting Standards Essay

The role of International Financial Reporting Standards - Essay Example This facet consists of mathematical approach that most of managers do not have insight towards the norm and get scared of the mathematical issue. Other prevailing issue as per the management of numbers is that most of seniors as well as managers are busy that they do not have time give attention as far as the aspect of company data analysis and its interpretation is of more concern (Cunningham and Fiume 10-15). Many companies however, prefer to adapt the issue of numbers management for realizing their level of production. One of the companies that have adopted numbers management is the wall mart companies, one of the largest fashion companies on this world. Senior manager have articulated this norm with saying that their clients usually ask help to make them understand why workload within the company is at increase norm compared from the previous years Wal-Mart have been providing its services. Cumulatively, number management produces a stable, repeatable, and predictable pattern of variation in the output of a process as far as the aspect the aspect of business is taken into consideration. Some of the factors leading to the control of numbers and its management includes; capability of equipments, the level of training given to staff, and the choice and specification of paperwork/materials used in the process. Special Causes arise from time to time, with an unstable and unpredictable pattern. They are however, often within the control of staff or work-teams, for example in setting up and following procedures, using the correct paperwork or information (Cunningham and Fiume 21-25). Wall-mart being one of the outstanding business company worlds has had bad articulation as availed by Johnson. It is realized that in the year 2009 the company practiced manipulation on inventory counts, which is believed that it extended beyond Carmon supervised regions anticipated. As per the research, it showed that wall-mart organization decided to shrink rate of over 400 of their stores around the United States of America country, one of the issue that astonished Johnson, who was an employee and a senior manager by then. At the world of business, competition norm is evitable and that is why a standard practice comes at hand and makes us consider giving shrinkage rate of other stores an attention. Management of number generally affects only minority of people, equipment, procedures, or materials and a control Chart becomes the main tool used in SPC to give a visual representation of process performance based on data collected from the process. SPC helps one to identify any prevailing statistically significant variation that channelizes the aspect of corrective action. The Control Chart provides direction on when to take a concrete action and this in turn avoids the essence of error production. However, it also gives an oversight on when not to take an action and this avoids any possibility of over-adjustment or over-reacting from both the clients as well as employees (Cunningham and Fiume 32-36). Projecting the aspect of wall-mart numbers management, Johnson states that â€Å"It was a standard practice to look at [the shrink rates of] other stores because everyone competes with each other,† Johnson said. â€Å"When you see these overages in there that clearly should be investigated but the regional VP is saying ‘this is exactly what we're looking for,’ or ‘outstanding job,’ it is a point of concern,† Johnson said.  Ã¢â‚¬Å"I think there is an unspoken culture at Wall-mart that a store is allowed to have excessive overages if it makes that store and the company look more profitable.†

Assignment Questions and Answers Essay Example for Free

Assignment Questions and Answers Essay b) Explain the importance of the mission statement, the vision and the goal of an organization A mission statement defines what an organization is, why it exists, its reason for being. It helps guide the actions of the organization, spell out its overall goal, provide a path, and guide decision-making. A vision statement is a description of a companys values and its long-term goals. It helps an organization prepare for the future. A goal is an observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. It helps motivate members by clarifying and communicating what the organization is striving to achieve. Both the mission and vision statement help the organization focus on what is really important. Although the organization knows what it is trying to do to improve your community, its easy to lose sight of this when dealing with the day-to-day hassles that plague all organizations. The mission and vision statements help members remember what is important as they go about doing your daily work. The mission and vision statements also let other individuals and organizations have a snapshot view of whom the organization is and what it wants to do. When the vision and mission statements are easily visible (for example, if they are on the letterhead of your stationary), people can learn about your organization without having to work hard for the information. c) Discuss why an organization would carry out an environmental analysis, GAP analysis and SWOT analysis An Environmental Analysis evaluates internal and external factors affecting an organizations performance, especially its marketing effort. Internal factors are referred to as the strengths and weaknesses of the organization. External factors are opportunities and threats presented by forces outside of the company. In general, this information is used by strategic planners in forecasting trends a year or more in advance. This method is distinct from surveillance, which focuses on a specific area or time. A common synonym for environmental analysis is SWOT analysis, an acronym for strengths, weaknesses, opportunities, and threats. Another equivalent term is environmental scanning, referring to the ongoing nature of evaluating trends. In this type of analysis, internal strengths may include a stable workforce, proprietary systems and methods, and other factors. Internal weaknesses may include labor-union problems, obsolete equipment, or aging facilities. External opportunities can include new-market creation, beneficial alliances, and positive trade agreements. External threats may be comprised in part of negative governmental regulations, international conflict, or natural disasters. Using environmental analysis, an organization can evaluate the operating environment and establish organizational goals. They determine whether or not the goals are obtainable with existing strategies. GAP Analysis is the process through which a company compares its actual performance to its expected performance to determine whether it is meeting expectations and using its resources effectively. Gap analysis seeks to answer the questions where are we? (current state) and where do we want to be? (target state). Conducting a gap analysis can help a organization re-examine its goals to determine whether it is on the right path to be able to accomplish them. An organization will list the factors that define its current state, outline the factors that are required to reach the target state, and then determine how to fill the gaps between the two states. QUESTION 3 Discuss the main factors that should be considered to effectively implement the organizations strategic plan Implementation effectiveness can be measured by how well the business meets the financial projections set out in the strategic plan. To achieve effective implementation, a business must ensure that any changes initiated by the strategic plan are reflected in areas such as budgeting, reward schemes and information systems. The overall goal is to integrate the results of strategic planning with daily, weekly and monthly routines. The goals articulated in the strategic plan should drive marketing and sales efforts, human resources practices and research and development. These goals become a central part of the business by guiding daily operational activities.

Symbol and Allegory :: essays research papers fc

The use of symbol in poetry and in literature as a whole is commonplace because it is an outlet for the author’s creative psyche. A symbol is a creative use of metaphor, using a comparison but not just a direct comparison. The author attempts to achieve the effect that there is much more than just the reader’s initial reaction creating a want to delve deeper into the true meaning, leaving a vast space of interpretation. Allegory on the other hand is a specific comparison, a symbol that is set in its meaning. This would point towards the absolute meaning of the comparison the poet or author was trying to convey (in other words, a parallel). I have chosen the E.E. Cummings poem â€Å"l(a† because it not only encompasses the idea of symbolism through its need for interpretation, but also due to its simple beauty, creating a visual image of a leaf falling. Edward Estlin Cummings was born on October 14, 1894 in Cambridge, Massachusetts, in his family’s home, within an extremely short distance of Harvard (Dreams 9). His word usage and literary abilities were garnered at a young age from his parents. His father Edward was a professor (in fact, the first professor of sociology at Harvard) and a Unitarian minister and his mother Rebecca utilized reading poetry and stories to her children. His father’s strong voice and use of wordplay from his sermons and his mother’s encouragement for E.E. to keep a diary starting at age five started to shape his craft at an early age (Revisited 11). Rebecca aspired for her son to be the next Henry Wadsworth Longfellow (the Cummings family lived across the street from the Longfellow home before E.E. was born) (Dreams 19). Edward Estlin was also a cubist painter in addition to being a poet. During World War I, E.E. Cummings was an ambulance driver in France and was imprisoned under the p retense of treason (Poets.Org). The experience led to one his more important works, The Enormous Room. Around the time of writing â€Å"l(a† E.E. Cummings health was in a very poor state. The poetry reading tours he took part in were furthering his terrible stomach problems in which he had been suffering from around 1955-56 (Dreams 459). In late 1957, his stomach ailments came to a head when a bleeding polyp was discovered in his colon. He spent his sixty-third birthday in a hospital bed and then spent six months in recovery while his â€Å"wife† Marion (of whom he was never actually married to) was in New York (Dreams 461).

Utilizing Online Social Networking Sites

Social Networking Business and Human Services organizations all over the world try to look for different ways to improve and be successful. One of the ways organizations have been able to maintain success is by networking and linking themselves with similar organizations. A website that provides organizations with this type of networking is LinkedIn. In week two I was given the task to research and understand why such sites as LinkedIn help human service organizations stay connected with their professional community and other human service professionals.In addition to researching how these sites enhance more quality services and support and how additional training keeps you up to date and competitive against other organizations. History of LinkedIn LinkedIn is a site used by business professionals all over the world. This site provides business professionals and other types of organizations the ability to exchange information and other networking types of opportunities. Created by fi ve founders, LinkedIn’s website officially took off in 2003 (LinkedIn. com, 2012).The five founders asked 350 of their closest contacts to join their site and within the first month had over 4500 members in the network (LinkedIn, 2012). By the end of 2003 they had over 81000 members and now present day has over 41 million members (LinkedIn, 2012). LinkedIn had a vision to redefine the social networking community and set a new standard. Considered by many to be the businessman’s Facebook, it continues to grow and help businesses to gain new opportunities through social networking. Using LinkedIn to Stay ConnectedLinkedIn has provided human service organizations the ability to reconnect to past and present colleagues, which allows them to stay in constant touch. In addition, help them gain inside connections with similar types of organizations that enhance their growth and success. The network also provides similar organizations within their network to share advice and a nswer questions. Human Service organizations grow and remain successful by linking themselves, working together and gaining referrals from similar types of organizations.Being tied into an online community helps an organization stay connected to other human service agencies and the ability to offer more types of support services. For example, one human service agency may provide speech and occupational therapy, where as their community link specializes in integration behavioral therapy, which their client needs. What then happens is a quality referral to that agency. These two organizations were able to work together, provide more services, all for the greater good of the client’s needs.How it works is that an online user can search for an organization under the search tool. Once an organization is found the user could research statistics regarding the organization, location, and who runs it. The user can then ask to follow the organization and become a networking connection. Training Training and continuing education is an important aspect to any human service agency. Organizations need to be able to provide training opportunities to their employees to keep them up to date and remain competitive in their field.New types of therapies and research are developed all the time and directors and employees need to be aware of them. Through LinkedIn and staying in touch within their online community, organizations can now attend approved training sponsored by different organizations. Some organizations can even upload the training online so that employees can do their continuing education hours without leaving the office. Sites such as NHS on LinkedIn have provided numerous human service organizations with online training, consulting, professional development, and human services training (NHS-LinkedIn. om, 2012). In addition to finding online training and development, employees can also look for employment for human service organizations through the LinkedIn c ommunity. Instead of putting an ad in the newspaper more organizations are looking to LinkedIn and other online sources to find knowledgeable and qualified employees. Technology Used to Stay Connected Some other ways that human services or other business organization use technology to stay connected to their business contacts and employees is by the internet and other social online networking websites.Sites like Facebook and Twitter can be an essential tool in keeping contact and the ability to provide constant updates. My friend’s son attends a specialized Autism School in the Salinas area. The director has 2 offices in the San Luis Obispo area and one in the Stanford area. Although her job as director keeps her on the road visiting the different sites, there are times when she is unable to visit the area. She keeps in constant contact with the assistant director and employees by using Skype.Skype is an online tool where you can have instant face- to- face chats and hold mee tings without all being at the same place at the same time. This way she is always able to attend weekly meetings, get updates, and hold training sessions with her employees. This site has enabled her to grow her organization in different areas while not having to visit the site daily. Staying Connected to the Community If I was trying to find a way to stay connected to other human service professionals in my area I would turn to the internet in order to build and find online networks.Sites such as LinkedIn would be perfect for my individual needs and allow me to build contacts while enabling me to advertise my organization. I would look to LinkedIn to help me build my online website. The purpose of this site is to allow registered users to follow your organization and become notified when other contacts or updates have been added like training, fundraisers, or networking opportunities. This can help me grow a professional contact list that I trust and find other business opportunit ies recommended by someone from another contact network.Conclusion Social and online networking is an online platform that can be used to build contacts and other business opportunities. Sites such as LinkedIn, has given human services and other business organizations the ability to grow, keep in contact, and build relationships. Since 2003, LinkedIn has continued to be the number one site that businesses turn to in order to build their online community. Since that time LinkedIn has continued to improve their site by designing better applications to make building an online community easier.Human Service organizations will do what they can in order to achieve their mission. Working together with other organizations is the key to building relationships, offer more support services, and provide quality referrals to their clients. References LinkedIn. com, (2012). Company history. Retrieved on October 25th, 2012 from http://press. linkedin. com/history/ NHS (2012). NHS management servic es. Retrieved on October 25th, 2012 from http://www. linkedin. com/company/nhs-management-services

Social Class As A Way That Constrains Someone s Life...

America is a country that has been founded on the myth of equality and opportunity. The â€Å"Horatio Alger† myth, which states that people who work hard will survive and thrive in America, has passed away to the notion of generational privilege (Alger, 1910). Economic inequality absolutely exists in America today, and the social class into which an individual is born affects their life chances and opportunities for social mobility to a stunning and upsetting degree. In this essay, I will argue that the evidence points to the strong, overwhelming role of social class as a way that constrains someone’s life chances and opportunities for social mobility. I will show how income inequality creates segregation, unequal access to education and health care, and puts poor people at higher risk of violent crime, and all of these factors together underscore the deep urgency and unfairness with respect to income inequality in the United States. People in America hate to talk abo ut social class, and part of the reason for this is that they rarely even interact with people who belong to other social classes. One recent study found that â€Å"†¦the growth in income inequality from 1970 to 2000 affected patterns of income segregation along three dimensions: the spatial segregation of poverty and affluence, race- specific patterns of income segregation, and the geographic scale of income segregation† (Reardon Bischoff, 2011, p. 1092). This means that the more incomes stratify, the less peopleShow MoreRelatedHsc Level 5 Unit 534 Essay14626 Words   |  59 PagesCandidate Performance Evidence Record | | NVQ Title and Level: Health and Social Care level 5 Unit 534 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...... 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