Types Of Small Business Structures Business Essay

Types Of Small Business Structures Business Essay Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. Small business employs over half of the countrys workforce. While many people think that new industrial giants are the most important factor in driving the economy, but small business is actually in the top. Small business in all country has been the stabilizing force in the economy. Entrepreneurs are the backbone of creativity and production. Small business is what stimulates economic growth. Every country has its own criteria to separate small businesses from the larger ones Apart from number of employees other criteria for classifying a business as small are: Amount of capital employed Annual Sales turnover Value of assets Profits Types of Small Business  Structures Making the right decision about the legal and corporate structure of the business is critical to long-term success. How establishing the business will affect ownership rights, personal liability risks, and how operate the business. The following is a simple breakdown of some of the different types of business structures. 1.  Corporations Corporations are governed by a set of By laws, which are usually filed along with Articles of Incorporation. Corporations become a legal entity that owns itself. Corporations can have their own bank accounts, assets, and even secure financing. All tax-exempt nonprofit organizations must be incorporated 2.  Limited Liability Company (LLC) (also called Limited Liability Corporation) A Limited Liability Company (LLC) is sometimes also referred to as a Limited Liability Corporation, but the preferred term is Company. It is one of the simpler ways to start a business, and is becoming one of the most popular ways to structure a business. An LLC is not a corporation, but has some of the protection benefits that a fully incorporated business structure has. 3.  Limited Liability Partnership (LLP) An LLP is similar to a general partnership; however, in an LLP, each partner is not liable for the actions of other partners. If one partner dies, the LLP automatically ceases. There are many forms or partnerships that can be formed. 4.  Sole Proprietorships The sole proprietorship is the easiest way to form a business. It is subject to the fewest regulations of all business structures. For tax and legal purposes, the business is the owner. When the owner dies the business automatically ceases. Starting a Business Identify Your Business Opportunity: Choosing what kind of business to start can be an immobilizing task when confronted with the multitude of opportunities. Its important to determine where the passions lie. Yet, equally important is what skills you bring to the table and whether you are entering a dying industry or a fast growing emerging business. Build a Business Plan: For any start-ups, a business plan allows you to gain a better understanding of your industry structure, competitive landscape, and the capital requirements of starting a small business. Find Start-up Money: To start a business, you must invest in the business. The journey of finding start up funds will be different for each individual. Some start ups such as consulting, requires a few thousand to get a website and business cards whereas a retail store could need lots of money. Finding the money you need may come for a source you never thought of . Name Your Business: Whats in a business name? The right business name will help distinguish you from a sea of bland competitors, provide your customers with a reason to hire you, and aid in the branding of your company. Learn what you need to know to find a name for your business. Choose a Business Structure: Deciding on the structure of your business is not a decision to be taken lightly. Whether you choose the popular LLC, a sole proprietorship or form a corporation; your choice will have an impact on your business liability, fund-ability as well as taxes due. Dont worry over your ultimate business structure, because as your business evolves, so too, may your structure. Get Your Business License and Permits: Starting a small business requires the ordinary, yet necessary, paperwork and regulations. Depending on your chosen business structure, may need to register your business with the state authorities. Setting up your small business may require an employer identification number which is also used by state taxing authorities to identify businesses. Additional paperwork can entail sales tax licenses. Set Up Determine Your Business Location: One of the multitudes of tasks in starting a business is the setting up of your office. There are many steps in office set up including where to locate your office (home or office space), buying the necessary office equipment, designing your work space and getting supplies. Get Business Insurance: As a new small business owner, you have the responsibility to manage the risks associated with your business. Dont put your new start-up at risk without getting the proper small business insurance to protect your company in the event of disaster or litigation. Create an Accounting System: The accounting and bookkeeping aspect of running your business cant be avoided. Setting up your accounting will help you understand the financials of running a business . Advantages and disadvantages of small business This Following are the advantages and disadvantages of small businesses to their owner or operator as well as the economy in which they operate. Appropriate government policies to promote small businesses are also discussed. Advantage of the owner There is a relatively small amount of capital needed to start the businesses. This is a very strong point as banks might not be willing to lend large amounts of money to businesses that are new. These businesses are good for those people who have experience in a field but do not have an adequate amount of resources. These resources of production could be land, labor, capital and enterprise. Enterprise is the risk taking ability of the owner. Small businesses give the owner the freedom to choose the way they want to work, the office hours, when to take breaks during the day or when to take a day off. The entrepreneur has complete right over the profit. He does not have to share it with other, unlike large public limited companies which have to give out the profits to a large number of shareholders in the form of dividends. Entrepreneurs own business motivates him to work harder as he takes all the profits and is Advantages of the Economy   Ã‚  They provide employment to a very large number of people. In some economies, they employ more than half of the total employees. They act as competitors to larger firms which will help improve their efficiency and lower the prices offered to the consumers. Small firms might come up with very innovative ideas which can lead to mass production of products and exports to foreign markets which has huge advantages for the economy. Most businesses start with being small. Therefore there is an enormous chance that small businesses of today might become the market leaders of tomorrow and provide greater benefits to the economy. Government Policies to Help Small Businesses The governments should offer lower amount of corporate taxes for small businesses. Most governments do that. Loans should be provided to these businesses which are free of interest or at very small rates of interest. Grants should be given to small businesses for operating in underdeveloped areas of the country with high unemployment The government should provide them satisfactory level of training so that the owners and employees could work more efficiently to make the business a success  [1]   The importance and benefits of small businesses Small businesses are vital to the success of the economy. Not only as they provide the success stories of the future, but also because they meet local needs. They serve the requirements of larger businesses. Being entrepreneurial simply means developing the right skills, attitudes and initiatives to make an innovative contribution to an organization. Small businesses survive and prosper for many different reasons: Developing personal relationships small businesses are well placed to build personal relationships with customers, employees, and suppliers. With a small business you know who you are dealing with; you can put a face to the person you are in contact with. Person-to-person interaction is as important as ever in building strong relationships. Responding flexibly to problems and challenges in a small business there is little hierarchy or chain of command. Large businesses may have set ways of operating and establish procedures that are hard to change. Small businesses are often far more flexible. It can also reach a quick decision on whether or not it can do what is required. Inventiveness and innovation small businesses are well positioned to introduce and develop new ideas. This is due to their owners not having to report or seek approval from anyone else. Low overheads due to the small scale of operation, small businesses have lower overhead costs. They operate in small premises with low heating and lighting costs, and limited rent and rates to pay. Low costs result in lower prices for consumers. Catering for limited or niche markets -large firms with high overheads must produce high levels of output to spread costs. By contrast, small firms are able to make a profit on much lower sales figures. They can therefore sell into much smaller markets: a local window cleaner serving a few hundred houses, a specialist jewellery maker with personal clients. The main reason many people choose to set up a small business, is because it gives them independence. They also reap the rewards for themselves; these are two powerful incentives Small businesses face the following problems Costs A study conducted by the National Federation of Independent Business reported in 2008 that the primary problem that business owners face is the expense of running the business. The inability to control some costs, including health insurance, energy bills and inflation, add stress to the business owners bottom line. In addition, the cost of paying employees, stocking inventory and basic overhead can create cash flow issues for the small business owner. Time Management Time management can become problematic for the owner of a small business. Small businesses often operate on a very tight budget, precluding the hiring of many employees. The owner is often faced with trying to manage and grow the business, while at the same time having to run the everyday operation. Small business owners can also find themselves so tied up in running the business that they dont take time to enjoy families, hobbies or other activities. Inflexibility Refusing to let go of an idea and move on to something else is a common problem for small business owners, according to the Nevada Appeal. For small business owners to succeed, it is important for them to be willing to think like an entrepreneur and explore many different ideas. Whether it is the need to change inventory, provide additional services or move to a new location, a small business owner must remain flexible if he wants his small business to succeed. Obtaining Credit Access to credit can be an issue for the small business owner, according to the Washington Post. A business line of credit can provide necessary cash flow during the start-up months. It can also ensure that the owner has the ability to fill the business with inventory and meet her payroll. A small business, however, will not always qualify for a large credit line, which can impede the owners ability to succeed. Employee Issues Small business owners often face a problem when it comes to hiring a workforce. Staffing enough workers to adequately cover the business needs without destroying the businesss profit margin can be a tricky process. Under capitalisation Poor debt management Lack of managerial skills of the owner Cannot retain experienced staff Usually find it difficult to attract skilled staff Poor stock management How can small business survive Small firms survive by being different (product differentiation). They can survive by Segmenting the market by income. They can target niche market segments of high income customers, position their product as a premium brand at a high premium price eg Morgan sports cars Small firms have the advantage of being able to respond quickly to change they do not have the bureaucratic procedures often a feature of large firms where decisions are made only after endless meetings. This means they can be quick to exploit new market trends. The Internet also allows small firms direct access to consumers, by passing intermediaries. The web gives small firms the opportunity of international marketing. Small independent firms can join together to form a buying group to negotiate discounts on joint orders. Small firms can survive by selecting a premium niche and offering an exclusive brand that exactly meets the customer requirements of their target segment. They will need to be totally customer orientated. Keep well documentation for  accounts receivable financing  when unexpected expenses arrive.  

Folklore in Star Wars, Planet of the Apes, and Alice in Wonderland :: Movies Film TV Television Essays

Folklore in Star Wars, Planet of the Apes, and Alice in Wonderland Folklore in the movies usually focuses around a hero or heroine, that hero or heroine is in a situation that they have to overcome. The hero or heroine can come in many different forms; it could be a teenage boy a long time ago, in a galaxy far far away, or an over the hill astronaught lost in space, or a little girl who falls down a hole. I am going to show how three movies contain folklore, Star Wars IV: A New Hope, Planet of the Apes one, and Alice in Wonderland. But first I need to define what folklore in the movies is. Folklore in the movies has five main points which the hero or heroine goes through. The call to adventure: something has to happen to the hero or heroine in order to get them involved in some situation which concerns them greatly. Refusal of the call: the hero or heroine has to disobey something or someone. Supernatural aid: the hero or heroine gets help from an outside force, someone wiser than the hero or heroine, and someone who understands the situation better. The crossing of the first threshold: once involved with the situation before them, the hero or heroine has a conflict which causes them to get caught in the belly of the whale. The belly of the whale: the hero or heroine gets caught in some place, of which they try to escape. Star Wars is one of the best movies to use as an example for folklore in the movies. The call to adventure: fate would have it that R2D2 would land into the hands of Luke Skywalker. The only thing keeping Luke from joining the Rebel Alliance is his uncle Owen Lars, aunt Beru Lars, and the harvest; but when the empire comes looking for R2 they come to Luke's house and kill his aunt and uncle. Refusal of the call: at first Luke says no to Ben (Obi-Wan) Kenobi. Han Solo doesn't want to help the Rebel Alliance at first, but at the end he does and saves Luke's life. Supernatural aid: Obi Wan is the old man in Star Wars who understands the force and who teaches Luke the ways of the force. The crossing of the first threshold: when Alderaan gets blown up, the Millennium Falcon gets caught in the Death Star's tractor beam, leaving them stuck inside the largest, most deadly battle-station ever created.

Forensic science

I went to JoAnn Fabrics to get a Slinky Science fingerprint science kit so I could use the powder and the feather from the box. The powder came in a bottle so it made it really hard to get prints and I actually had my boyfriend put prints on the things I listed so I could use the powder and the powder was also white and made it hard to see. When I used the feather it would smudge the print and I would have to try and use It a different direction.If I were to side to side with the feather It would smudge the print but if I would go up and down It would SSH the powder away so I was able to see the print better but not clearly. I did not find any prints In my apartment due to my boyfriend cleaning everything. This Is why I only find the prints I did because I asked him to put the prints there. Yes I could tell the difference between the prints If I were to put my print right next to It.My finger print has loops and my boyfriend's prints have tent arches on them. Some of the surfaces tha t I would think I would find prints on are door knobs, TV, the handle on a microwave, the keys to the car, the thermostat and light switches, books, cell phones ND you could also get prints off of duct tape and the door handles of a car that has metal handles and you can get prints off of garbage bags also and DVD cases.When I was doing this assignment I found that trying to get a print from surfaces that were clean was hard but you could see where It was wiped down and the smoother surfaces were harder because the powder would Just move around and would not suck to the surface all that well. I also noticed that using white powder was not all that great because you could hardly see the print and that would be why we use the lack powder to get fingerprints off of different surfaces. Juju By boosters print and I would have to try and use it a different direction. If I were to side to side with the feather it would smudge the print but if I would go up and down it would find any prints in my apartment due to my boyfriend cleaning everything. This is why the difference between the prints if I were to put my print right next to it. My finger clean was hard but you could see where it was wiped down and the smoother stick to the surface all that well. I also noticed that using white powder was not all

An Effective Teacher Evaluation Includes Questions

The most effective method for evaluating a teacher effectively is dual, mutual involvement and ongoing collaboration in the evaluation process.  The teacher, being guided by the evaluator, is consulted and involved throughout the evaluation process. When this happens, the evaluation becomes a tool to springboard true growth and ongoing improvement.  Teachers and administrators find authentic value in this type of evaluation process. The biggest drawback is that it is a time-consuming process, but ultimately it proves worth the extra time for many teachers. Many teachers feel like there is often a disconnect in the process because they are not involved enough. A first step in actively involving teachers in the process is to have them answer questions about the teacher evaluation. Doing so before and after the evaluation gets them thinking about the process that naturally makes them more involved. This process also gives both sides some critical talking points when they meet face-to-face as some evaluation systems require the teacher and evaluator to meet before the evaluation takes place and after the completion of the evaluation. Administrators can utilize a short questionnaire designed to get the teacher thinking about their evaluation. The questionnaire can be completed in two parts.  The first part gives the evaluator some prior knowledge before they conduct the evaluation and helps the teacher in the planning process. The second part is reflective in nature for both the administrator and teacher. It serves as a catalyst for growth, improvement, and future planning. The following is an example of some questions you can ask to improve the teacher evaluation process. Pre-Evaluation Questions What steps did you take to prepare for this lesson?Briefly describe the students in this class, including those with special needs.What are your goals for the lesson? What do you want the student to learn?How do you plan to engage students in the content? What will you do? What will the students do?What instructional materials or other resources, if any, will you use?How do you plan to assess student achievement of the goals?How will you close or wrap up the lesson?How do you communicate with the families of your students? How often do you do this?  What types of things do you discuss with them?Discuss your plan for handling student behavior issues should they arise during the lesson.Are there any areas you would like for me to look for (i.e. calling on boys vs. girls) during the evaluation?Explain two areas that you believe are strengths going into this evaluation.Explain two areas that you believe are weaknesses going into this evaluation. Post-Evaluation Questions Did everything go according to plan during the lesson? If so, why do you think it went so smooth. If not, how did you adapt your lesson to handle the surprises?Did you get the learning outcomes you expected from the lesson? Explain.If you could change anything, what would you have done differently?Could you have done anything differently to boost student engagement throughout the lesson?Give me three key takeaways from conducting this lesson. Do these takeaways impact your approach moving forward?What opportunities did you give your students to extend their learning beyond the classroom with this particular lesson?Based on your daily interactions with your students, how do you think they perceive you?How did you assess student learning as you went through the lesson? What did this tell you? Is there anything that you need to spend some additional time on based on the feedback received from these assessments?What goals are you working towards for yourself and your students as you prog ress throughout the school year?How will you utilize what you taught today to make connections with previously taught content as well as future content?After I finished my evaluation and left the classroom, what immediately happened next?Do you feel that this process has made you a better teacher? Explain.