Economics of Development Free Essay Example, 1750 words

This paper illustrates that one of the frequent reasons for business failure is poor management and insufficient and poor management of financing comes second. For starting or relocating or expanding a business sufficient capital is required. Having good financing is not enough in attaining profits; proper knowledge and planning are required to manage it well. These help in strengthening the management of financing and avoid common mistakes like miscalculating or underestimating the cost. The Income Statement presents the summary of the income earned and the expenses incurred during a financial year. Position statement presents the financial position of the business at the end of the year. By Financial Statements, we mean two statements (i) Profit and loss A/c or Income Statement, and (ii) Balance Sheet or Position Statements. These are prepared at the end of a given period of time. They are indicators of profitability and financial soundness of the business concern. Thus, analy sis of Financial Statement means establishing the meaningful relationship between various items of the two financial statements, i.e. , income statement and position statement. Loan application should be well written so that the reader could get a clear picture of what your plans are. We will write a custom essay sample on Economics of Development or any topic specifically for you Only $17.96 $11.86/page Care should be taken that the financial statements are not older than 90 days and financial statements of all principal owners and guarantors should be included. A copy of last year s income tax return should also be included.

Too Much Pressure On High School Students - 1278 Words

All parents want to see their kids succeed in school. However, by the time a student graduates they will then feel a sudden urge of relief after have encountered a significant amount of pressure throughout their high school years. The pressure is not only received by the school, but by society and the parents as well. Several students have experienced staying up long nights to finish homework, a loss of interest in a hobby, or an academic burnout at one point. It is common sense for one to say that school is not easy. Between trying to manage homework from all of their classes, studying for multiple different tests at once, and trying to maintain a decent social life, school can become very stressful for a young person. Too much pressure should not be put on high school students because it can lead to academic failure, truancy, and depression. Putting too much pressure on high school students can lead to academic failure. A lot of the time when a child is known for receiving good gra des they are put on a pedestal by their parents and their school. The parents begin to expect for their child to succeed, but when they do not, it may lead to an uproar within the household. The pressure on the child is severe, and not enough support is given. After researching parental involvement towards high school students, it has been said that â€Å"Parents are most likely to attend school meetings and events or to volunteer in their child’s school when their children are in primary schoolShow MoreRelatedToo Much Pressure Academically And Socially For High School Students916 Words   |  4 Pages Too much pressure academically and socially for high school students What makes students to have too much pressure? Students need to be more careful about their health. For many years every person has been educated in a way. But not even fourth of the population gets place in their life. Parents should not make their kids join every activity in school, clubs, Electives even sport If students get low-test score they should work harder, it will be stressful the first time but it will pay off. InRead MoreDeclining Student Resilience, By Peter Gray Essay1398 Words   |  6 PagesIn the article, Declining Student Resilience, Peter Gray states, â€Å"There has been an increase in diagnosable mental health problems, but there has also been a decrease in the ability of many young people to manage the everyday bumps in the road of life†. It has come up a lot that millennials do not have Grit, unlike other generations. Millennials come off as lazy or immature in society today. Millennials always have a reminder from their parents or grandparents, †Å"back in my day....† or â€Å"you’re luckyRead MoreDeclining Student Resilience : A Serious Problem For Colleges Essay1418 Words   |  6 PagesIn the article, â€Å"Declining Student Resilience: A Serious Problem for Colleges†, Peter Gray states, â€Å"There has been an increase in diagnosable mental health problems, but there has also been a decrease in the ability of many young people to manage the everyday bumps in the road of life†. It has come up a lot that millennials do not have Grit, unlike other generations. Millennials come off as lazy or immature in society today. Millennials always have a reminder from their parents or grandparents sayingRead MoreThe Pressure in Todays High Schools1557 Words   |  7 Pages(Secret). Unfortunately, many school systems, today, are not following Socrates’ advice. Many teachers have forgotten what learning is all about, and as students mindlessly memorize facts and figures, the only flame being kindled is their burning hatred towards school. Students stress about grades and believe that their self-worth is defined by their GPA. As they struggle under never-ending piles of homework and standardized tests, there is little time for students to worry about sports, family,Read MorePeer Pressure In Adolescents: Drugs, Alcohol, And Sex.1188 Words   |  5 PagesPeer Pressure in Adolescents: Drugs, Alcohol, and Sex â€Å"A feeling that one must do the same things as other people of one s age and social group in order to be liked or respected by them†1. That is how the Merriam-Webster dictionary defines peer pressure. It seems simple right? Well it is much more than that. Peer pressure is much more complicated than just needing to be liked. It is all about finding out who you are and where you fit in in society. It can have a much bigger impact on the lives ofRead MoreToo Much Pressure On American Teenagers1049 Words   |  5 PagesThere is Too Much Pressure on American Teenagers to Go to College Everyday American teenagers are being pressured on graduating high school and going directly to college. Parents and counselors have such high expectations for teens that the students are unable to focus on going to college. Teenagers face many factors that cause pressure to go to college: worries about keeping up, fear of failure, feeling of stress and anxiety, social pressures academic pressure, human influences, the economy, andRead MoreWhy Students Cheat : Cheating1469 Words   |  6 PagesWhy Students Cheat Cheating by students no matter their grade level has been a prevalent problem among schools for several years. One discouraging fact for academic institutions is that cheating has only gotten worse not better. Cheating can be carried out in a plethora of ways, such as copying off of other students during a test, copying another students homework, using a cell phone to either text answers or look them up, using crib notes or even copy and pasting whole written works and tryingRead MoreDecreasing Academic Stress in Schools1080 Words   |  5 PagesHomework, schoolwork, tests, quizzes, state exams, and more make up the pressure cooker that is modern day high school. Stress places mental and physical strain on the body and can potentially harm health. Stress is the feeling created by the body when it reacts to certain events that put tension or strain upon one’s physical, mental, or emotional state. Acute stress is short term stress that can last anywhere from three days to fo ur weeks. On the other hand, chronic stress is a more serious problemRead MoreEvie Hance. March 31, 2017. 10Th English, 5Th. Mrs. Masters.1065 Words   |  5 Pagesthe amount of homework she has. Her parents have very high standards of her and expect her to have a 4.0 GPA all throughout high school. She is constantly feeling pressured to go to college from her parents and forced into a career that she does not want. Students are receiving too much pressure to go to college from high school. Many say college is less stress and less homework than high school. Some studies say that stress may help a student to keep organized and motivate them to do their work,Read MoreArgument Essay On Problems With Homework1048 Words   |  5 Pagescreates too many problems with one’s health and life, and would be much better if kids in school did not have to do homework. The majority of students absolutely hate homework and life would be so much better without it. Stress and high blood press ure, less time for interests, doing work on top of going to school, and not making a difference with understanding the material and getting good grades are all reasons why homework is an issue. To begin, homework creates way too much stress for students and

Business Environment for Sips & Bites Cafe - MyAssignmenthelp

Question: Discuss about theBusiness Environment for Sips Bites Cafe. Answer: Setting Smart Goals in Planning The use of SMART goal setting provides a business with a focus and ability to attain the specific set objectives. SMART is an acronym that represents five elements that include specific, measurable, achievable, relevant, and time-based goals as explained by Wick, C. W., Leo?n, L. S. (2013). Specific Goals The Sips Bites Caf is student-oriented business, and its facilities are made for the comfort of the JCU students who will be eating or working there. The business is located within JCU. Therefore, it is well suited to focus on needs of the students other than operating as a regular caf. The caf provides part-time employment opportunities for students through a flexible schedule and an environment that may allow them to work on their academic work. Measurable Goals The caf recently opened, and the management expects the customer numbers to rise by 50% in the next three months. The marketing officer and the management have developed marketing strategies to attract more students to use the caf. The business goals are well suited to have more student customers as it provides services that provide comfort to student life. Attainable Goals The caf is located within college premises. Therefore, the success rates are high as it student oriented and lack competition within the locality. The business is a single branch and is owned by an individual. Therefore, management of general operations is easy and has a flexible decision-making process. Relevant Goals The business layout is student based as the customers are majorly student from JCU. The facilities provide the students with an environment in which they could relax or study in the course of their student life in the college. The business is on point with student needs and tries to keep up with student demands. Time-Bound Goals The business operates 24hours a day because it is located in the area where there is a youthful population. Many students stay up late studying, partying or engaging in other activities. Therefore, the business caters to these individuals. The caf is open during holidays to be used by residents that love within the college premises. Type of Management Skills Required Management skills enable managers to utilize their knowledge and abilities to perform their duties and responsibilities (Smith, 2010). This knowledge and abilities are acquired academically or through experience. Some of these management skills include: Technical Skills These skills include dealing with machines, marketing, and product designs. The managers need to have knowledge of how equipment operates to ensure they understand the state of assets of the business. Managers need to understand the market and be able to develop strategies to attract new customers to purchase goods from the caf. Sales managers need to be skilled on how to communicate with customers and employees (Smith, 2010). First-level managers are expected to be proficient with these skills to ensure that perform their duties as expected. Conceptual Skills This includes the ability of a manager to have abstract thinking in their operations. These skills enable managers to understand the different perspectives that an issue brings to the business. Managers are able to establish goals that can be integrated with the different units and sections within the business and aims to achieve a common goal. Departments within business require an overall objective; therefore, top managers need to think abstractly to bring these departments to work towards the same goals and objectives. These skills are relevant to top managers as they are the overall decision makers. InterpersonalManagerial skills These skills enable a manager to work with other people by communicating in different circumstances. Managers should have an accommodating attitude to ensure that they create an environment in which employees could communicate their ideas, views, and perspectives openly. Managers with these skills have leadership qualities and normally are an inspiration and motivators for employees to do well in their areas of specialization noted by Reider, R. (2008). Interpersonal skills are important for all employees as it enables them to establish work relationship that is the comfort to creating harmony in the workplace. Employees are expected to work with one another which require constant communication among them. Communication is crucial to the success of the business hence the management needs to create forums in which employees could interact freely. The ability of employees to interact freely enables employees to share workplace challenges more, and problem-solving can be done collectively as explained by Tucker, S. A. (2009). Business Structure and Strategy The business structure is the formal layout of the hierarchy while the structure comprises of the practical plan that comprises of the strategies of how to achieve set goals and the objectives. These two elements are crucial to the success of the company, and they gradually develop and become distinct as the business grows. These elements complement each other and sometimes could be merged and applied as one unit. The Sips Bites Caf structure comprise of 20 employees with one owner managers, two Cashiers, one Marketing Manager, six Cleaners and eight Coffee Artists. Many of these employees especially at lower positions are students; therefore, the management realizes the need to motivate the employees to achieve the business goals set. The business is a small enterprise its operations serve a small customer base which requires plan and strategies to ensure that all employees perform their duties as expected. The business structure is small hence formulation and implementation of strategies take less time as noted by Wick, C. W., Leo?n, L. S. (2013).. Decision making within the enterprise incorporates opinions and ideas from all the employees as most are students who are knowledgeable about the needs and preferences of the fellow students. A business strategy is determined by the existing structure within the business. The business has large student employees as it is located within a college. The student population provides the business with cheap and available labor and also the market for its products. Some of the job opportunities do not require skills which limit expenses that are spent on skilled personnel. Many of the student employees work part time which enables the business to employ many students. The highly skilled and trained workforce such as the marketing manager is important in increasing innovative ideas. The enterprise should have a well-established structure for the implementation strategy. Strategies are implemented when changes within the environment in which they operate. The structure determines strategies to be implemented within the enterprise, and the success rates depend on the skills available to implement the strategies formulated. Types of Controls Controls are applied within a business to avoid reckless behavior that may negatively impact its operation. Some of the reckless behaviors that can be prevented by the implementation of these controls include careless and uninformed decisions and behaviors. These controls ensure that resources are channeled to areas that matter and risks are identified and mitigated. These controls include: Visual Controls They include physical assets that the enterprise requires to monitor the activities and they comprise of dashboards, checklists, and budgets. They asses activities and show the direction in which a business is headed towards (Reider, 2008). These controls provide the general analysis of the enterprise as activities are monitored closely by the management or the employees. Procedural Controls These controls involve different parties that monitor a single activity such as cash flow. These controls are used in determining qualities required for a job category. The analysis given by different parties on a single subject broadens discussion and perspectives. These controls provide checks and balances within the business. Embedded Controls These are controls that the business operates in without the specific elements that show their application within the organization. These controls include already established facilities that are used in different businesses such as financial controls and automated data backups (Reider, R. 2008). These controls reduce human errors and technology failures by providing interfaces for calculating, storing and retrieve information. These controls have become more complex due to technological advancement which requires then a skilled workforce for them to operate these facilities. These controls provide the management with a grasp of the business performance. Managers and team leaders have to establish methods in which these controls applied to the business could be used to improve the performance of the business. The caf operates in an environment in which students are the major customers and source of labor. Therefore, controls applied should suit the skills available. References Admiraal, P. H., A?cs, Z. J., Carlsson, B., Thurik, A. R. (2016). Small business in the modern economy. Oxford, OX, UK: Blackwell Publishers. Conseil International de la petite entreprise-Canada. (2015). Journal of small business entrepreneurship. Toronto: International Council for Small Business-Canada. Megginson, L. C., Scott, C. R., Megginson, W. L. (2011). Successful small business management. Homewood Ill: Irwin. Megginson, L. C., Scott, C. R., Megginson, W. L. (2011). Successful small business management. Homewood Ill: Irwin. Reider, R. (2008). Effective operations and controls for the small privately held business. Hoboken, N.J: John Wiley Sons. Smart Business Akron. (n.d.). Smart Business Network. Smith, J. G. (2010). Business strategy. Cambridge (Mass.: Basil Blackwell. Tucker, S. A. (2009). Handbook of business formulas and controls. New York: McGraw-Hill. Wick, C. W., Leo?n, L. S. (2013). The learning edge: How smart managers and smart companies stay ahead. New York: McGraw-Hill. Ziff Davis smart business. (2011). San Francisco, CA: Ziff-Davis.

Teenagers Life free essay sample

Life Teenager is the stage where the physical and mental condition of a person develops which occurs between childhood and adulthood. It starts at age 13 for boys and 12 in girls. In teenagers life, we must be more independence than before. It is the time of puberty too. During the teenage life, a person have some transformations. It involves physical, emotional, mental and psychological changes. The physical changes are changes in the body. Perhaps the most profound changes are linked to sexual maturation. It is during the teen years that the body grows into a sexually mature, and there are many different physical characteristics that develop as a result of this growth. And the emotional changes, they think like this: begin to realize that beliefs are the result of a thinking process, come to understand other people think too, and their own beliefs on a certain subject may differ from those of others, may understand others have different ideas about the same topics, yet they still do not understand that other people may think about different topics altogether. We will write a custom essay sample on Teenagers Life or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page That’s why people feel harder when they live in teenagers life. They’re labile and sometimes get confuse with themselves, and usually they get more problems than before. Because of the instability of teenagers, most of them can influenced easily with their around. It can be good habits, but usually, teenagers influenced with bad habits like consume drugs, alcohol, free association, spend money too much, excessive lifestyle, and hostility with each other because of scramble boyfriend / girlfriend. Teenagers have changed in comparison with the teens in the past, taking into account eating habits, an active way of life, spending free time and clothes. They are a â€Å"technology† generation. For teens in todays’ world mobile phones, internet, music, movies, television and video games are very important. Most teenagers prefer watching TV and playing computer games to reading books. Teens eat there unhealthy food. They eat too much fast food such as McDonald. As a teenager, we must be careful with our association. We must be smart to choose friends, and sort the good and bad habits. We can to imitate the good habits, but we have to avoid the bad habits. Teenager also have to remember, that a healthy lifestyle requires, but they also must not forget about personal hygiene. Keep eating healthy food, more diligent, study, and decrease the computer, internet, TV, and games time.