Business Format Essay

The Importance of a Business Plan Essay
When it comes to starting a business it is important to have Business Plan. The value of a business
plan is important in the startup of an organization. The value of proper business plan in an
organization can determine if the organization will withstand over of time or for years to come for
that matter. In implementing a proper business plan, proper planning in it self is important and
valuable to the process.
Planning helps in ensuring that the organization can withstand and remain as an essential asset to
the needs of the community and helps in providing an impact on the city tax base. A valuable
business plan can also allow the company to look at ahead at its projected profits and loss to be
able to give their shareholders the return...show more content...
Short–range planning is for the company to have goals that will be rewarding and easy to obtain.
Long–range planning for the most part seems to be more difficult to adjust and is often times less
rewarding. When external environments are frequently changing management with staff need to ask
how to develop plan of actions that will remain relevant. Planning should be no less important in
such a forever evolving environment it needs to be more important.
Businesses that operate to just make profit normally operate without ethics. When a business is
not held to standards of accountability it would be as to have another Enron or a Bernie Maddoff
situation. Sociologist Raymond Baumhart wanted to know from business people what ethics
meant to them and some of the replies were "Ethics has to do with what my feelings tell me is
right or wrong." "Ethics has to do with my religious beliefs." "Being ethical is doing what the law
requires." "Ethics consists of the standards of behavior our society accepts."
Lack of proper marketing in a business is one of the main reasons a lot of businesses have not
succeeded. Strategy planning determines whether one will live or die or whether they fail or
succeed. Marketing strategy is a process that should allow any organization or business to focus its
limited funds or resources on
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My Business Essay
Personal Assessment:
After doing comprehensive research I come to the conclusion, that by opening a Restaurant with
Bosnian food would be very good business venture. By opening a restaurant with authentic
Bosnian food within the Bosnian community of fifty thousand people would be very profitable. In
a way risk free. My only concern is that this is my first time investing a large amount of money.
Bosnian Food is very unique. Most Bosnian people have very busy schedules and they don't have
time to cook. My restaurant would feature traditional Bosnian food and atmosphere to make people
feel as if they were in Bosnia. By opening this restaurant, families would be able to come to dine or
to take food home that would make them feel at home and...show more content...
This restaurants is located in the heart of the Bosnian community and other businesses.
Site Map
The location of my business would be in the Lincoln square area on the Northwest side of
Chicago. I would be renting the space. My restaurant is in a very good location and very
accessible. It is in center of the Lincoln Square area and is also very close to four major streets:
Lawrence Ave., Wilson Ave., Western Ave, and Lincoln Ave. and has public parking nearby for
customers. The Building in which I am planning to open my restaurant is very appealing. Building
was recently remodeled and has very good visibility. Next door to the restaurant is a old antique
store, gift shop and doctors office.
There is a no competition for my business at all. There are other restaurants in the area that offer
different kinds of food like American, Mexican, and German, but I am targeting the Bosnian
community and my restaurant would be the only traditional business in this area.
Legalities and Insurance
Business that I am planning to open it will be a service oriented business.
Legal form for my business will be Sole Partner Proprietorships. Sole Proprietorship has number of
advantages. As a Sole proprietorship you have

Essay On Business Structure
When brainstorming to start a business, it is essential to research the most efficient way to start a
company and all the liabilities that can happen. Business can become successful with the right
person in place and a unique idea. When making a company, it is crucial to determine the structure,
which organization to start with and the liability that is involved. When taking a closer look at five
different company structures Sole Proprietorship, General Partnership, Limited Partnership, S/C
Corporation, and Limited Liability. Which have not honored the contract and are at risk for legal
actions. The various liabilities between each owner will be discussed. Which will analyze ways to
limit liability and display my future business...show more content...
Now, A partnership is formed between two individuals and the agreement should be in a contract
form or writing. The next two types that are discussed are general partnership and limited
partnership. Silverbrand (2008) stated Partnerships are the primary form of business which larger
companies begin (p.167). Partnerships are simple to start, no required registration only within
certain states, and can end quite rapidly. A general partnership is where each partner is equal to
liability or any litigation consequences. In a limited partnership, the liability is limited equal to the
amount the limited partners at first invested. In fact, sometimes limited partners do not make
business decisions but, own stock within the company. Basically, an LLC, with its hybrid nature,
"provides owners...with the limited liability protection of a corporation, but without the potential
for double taxation" (Jordan & Clark, 1197). The income created from a general partnership of a
business is taxed as income earned by the person working for a different company. When starting a
partnership it is best to discuss the amount of liability that each partner is responsible for. Which,
will help when looking at the type of litigation described.
The most recognized companies are Corporations and LLC's. According to Sonderquist (2000)
Corporations are similar to limited partnerships

How To Start A Business Essay
In this report, I will discuss what it takes to own your own business and what factors go into it.
My overall dream some day is to own my own business and with this comes a great deal of
responsibility. I will help you understand what you can to do to become a successful business owner.
Finding a consistent well paying job has been getting harder and harder in recent years. A number of
new and great business opportunities are available to the public. These opportunities only cash in if
you run a well rounded business plan. Anything from wholesaling vehicles to owning your own
pizza parlor are great starts in business. Although, owning and operating a business is a great burden
on a person, it can turn out to be very profitable.
While...show more content...
With all of these challenges their come failure at the job as well, which can lead to disciplinary
action, arguments, transfers, dismissals, or legal actions. So are you ready to own your own
business yet? Not quite! Some things you really need to remember.
Say goodbye to a reliable and predictable income. No job is 100% secure and there is a good
argument that being in control of your income via your own small business is more secure than a job
however it doesn't feel like that, especially when you start out. You can have great months and bad
months and the only constant is unpredictability. Many business owners don't know that they will
never make real money until they sell their business.
Unfortunately many business owners often don't make much more than an average salary, even
sometimes less. Many business owners don't make a big windfall until they sell their business and
often by the time they are making the sale they will be using the money for retirement. Although it is
also true that the only way to become really wealthy, besides inheritance and lotto, is by starting your
own business.
The reality is that only a small percentage of businesses make their owner really wealthy, the rest
stumble along earning an average wage. Of course many of those owners earning an average wage
love their lifestyle and only wok as hard as they want to. Running your own business has the greatest
potential to make you rich and my never make you rich,

Choosing Business Structure Essay example
Starting a business can seem like a daunting task, when really there is a systematic approach that an
entrepreneur can take to setting up a business. There are many factors to consider when setting up a
business structure; these factors include start up cost, operating costs, liability, and taxation. A
business owner will also want to look at whether or not they may want to expand in the future,
which will also play a factor in what type of business they should set up. This paper will look at the
advantages and disadvantages of sole–proprietorships, partnerships, limited liability companies, and
corporations. As well as look at what courts can do if a business operates outside the scope of
accepted business practice. There is no "one size...show more content...
A sole–proprietor also has unlimited liability, which means the business and the owner are not
separate entities. (Ref. 1, pg. 1) Therefore they are responsible for any damages incurred by the
company and any personal property may be taken to pay for damages. Because a sole–proprietorship
is not separate from the owner the income from a sole–proprietorship is taxed as personal income, or
"pass through" income. The business owner has to pay FICA taxes of 7.65% on all income up to
$94,200; they also have to pay an additional employer FICA tax of 7.65% on that same first $94, 200
which brings the total to 15.3%. The owner also pays a FICA tax of 1.45% on all income of
$94,201 and above because all income is treated as personal income for the business owner. These
taxes are in addition to state and federal income taxes, which also tend to cater more to other types of
business structure, particularly corporations.
Partnerships are the least used type of business making up about 11% of US business and account
for only 8% of the profits. (Ref. 3, pg.76) Partnerships are very similar to sole–proprietorships in the
form of structure. Each partner takes their assets and pools them together to form a company. The
advantage of a partnership is a greater pool of assets or capital, and shared risk among the partners.
In a partnership the owners can all provide operating capital, as well as apply for loans which give
them more

Task 1:
Question 1.1:–
Answer: – Type of franchises –there are many ways to differentiate between different type of
franchises by their size, geographic location, etc. There are three different franchises.
A business format franchise is a franchising arrangement where the franchisor provides the
franchisee with an established business, including their name and trademark for the franchisee to run
independently.
A product franchise is also an agreement where manufacture allows retailers to use their name and
trademark to distribute their products.
A manufacturing franchise agreement where franchisor allows a manufacturer to using its name and
trademarks to produce and sell products.
( (www.boundless.com, 2014))
Master franchises (Integrated business operations):– is also known as regional developer. A master
franchisee has all the rights of an area developer and usually assumes a large area. Usually it
receives a part of ongoing royalties paid by each franchisee and there may be additional income
available from distribution of products through franchisees in the area. Master franchisee usually
operates at least one unit for income generation, for franchise sales or for training facility.
For e.g. McDonald's master franchise usually control large area and help their other franchises as a
business consultant or coach to their franchisees to help them become successful.
Single product or service operations: – Buying a single unit

An Introduction to Business Essay
An Introduction to Business
Business plays a major role within our society. It is a creative and competitive activity that
continuously contributes to the shaping of our society. By satisfying the needs and wants people
cannot satisfy themselves, businesses improve the quality of life for people and create a higher
standard of living.
It is a way for individuals to provide goods and services to consumers, and at the same time, produce
a profit for themselves. Businesses are not only important because they provide goods and services
for consumers, but they also improve the economy and increase jobs for people within society
which is an additional fact producing a higher standard of living. To measure our societies standard of
...show more content...
International trade deficits occur when a nation imports more then it exports. The Decline of
Smokestack America is when there is a change from an industrial to a post–industrial economy.
Finally, the conservation of energy is so that there are a sufficient amount of natural resources
necessary to produce goods. General economic growth or stagnation also has an important influence
on business within our society. Many factors can affect it's condition, such as war, new inventions
and technology, political assassinations, the discovery of physical and natural resources, labor
negotiations, government action, and many others. When the economy is strong and the demand is
high, businesses can prosper. Regardless of how great the economy may become, businesses still
must compete with other firms for scarce raw materials and labor.
A businesses environment creates many opportunities as well as problems for prospering businesses.
The environment determines what a business can do by shaping and channeling its development.
Businesses function within an environment by allowing entrepreneurs to raise capital and create
profits freely. The supply of money available within a business as well as the economic stability
through times of growth and recession have strong effects on businesses. Not only is the physical
environment, including natural resources, pollution and energy as discussed previously, important,
but many other

Starting and Running a Business Essay
Starting and Running a Business Despite being an intimidating prospect for most people, there
are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not
so much. There are many steps to starting and running a business, but many of them can be easily
accomplished simply by filling out some forms, and several small fees. Businesses have been
around since the beginning of bartering, an apple for some wheat, a horse for a wife, a daughter
for a house. (In no way reflecting what I would trade) The startups of businesses across time have
never come easy, from cost, to hassle, to threat of beheading; there have always been obstacles in
starting a business. One of the hardest parts of being an...show more content...
This is ideal for most people who want to start a business and keep their home if something goes
wrong. The largest area a permit is good for is one county. If one wishes to operate outside the
county the license was issued in, they would have to get a license from that specific county. The
most important thing is starting a business is having a business plan. This is the only way any
bank will approve you for a business loan. [1] Without this business plan, the bank has no way to
analyze the business's performance thus far. The SBA offers a template for how to lay out a
business plan. The following is how a good business template should be formatted (from SBA.gov).
Writing the Plan
What goes in a business plan? The body can be divided into four distinct sections:
1) Description of the business
2) Marketing
3) Finances
4) Management
Agenda should include an executive summary, supporting documents, and financial projections.
Although there is no single formula for developing a business plan, some elements are common to
all business plans. They are summarized in the following outline:
Elements of a Business Plan
1. Cover sheet
2. Confidentiality Agreement
3. Statement of purpose
4. Table of contents
I. The Business A. Description of business B. Marketing C. Competition D. Operating procedures E.
Personnel F. Business

Franchise is the most common form of franchising. A true business format franchise occurs when the
owner of a business (the franchisor) grants a licence to another person or business (the franchisee) to
use their business idea – often in a specific geographical area.
The franchisee sells the franchisor 's product or services, trades under the franchisor 's trade mark or
trade name and benefits from the franchisor 's help and support.
In return, the franchisee usually pays an initial fee to the franchisor and then a percentage of the
sales revenue.
1.1 Types of Franchisees
Single Product or service: Also referred as single–unit franchise. This type of franchise purchases the
right to own and operate one franchise location. The investment cost is less and the franchisee
typically has a particular territory that is covered by the unit.
Manufacturing and Wholesale: This type of franchise comes under the category in which the
franchise has the right to manufacture franchisor's product and selling it in bulk quantities using the
franchisor's name and trademark.
Manufacturing and Retail: In this type of franchise, the franchise has the right to manufacture the
franchisor's product and selling it in small quantities using the franchisor's name and trademark.
Wholesale and Retail: The franchise has the right to sell the products in bulk as well as in small
quantities using the franchisor's name and trademark.
Retail Product: The franchise has the right to sell products in

Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International
Business growth. The rapid growth in international business makes an understanding of
organizational behavior all the more important for contemporary managers. Businesses have
expanded internationally to increase their market share, as the domestic markets were too small to
sustain growth. Business transactions are also becoming increasing blurred across national
boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their
sources of sales and supplies, and minimize competitive risk. When operating abroad, companies
may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will
discuss the financial risks associated with international business, with an emphasis on the risk of
foreign exchange rates. Country Risk When a business decides to become an international trader, one
type of risk that must be examined is the country risk. When a company accepts or approves credit to
a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk.
Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange
necessary to service their foreign currency denominated obligations or debts to foreign suppliers.
(www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country
they wish to do business with. This is accomplished by conducting a country risk assessment. This
assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign
Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks
can be defined as the ability and willingness of the

Essay about Business Administration
Business Administration
The idea of studying business administration has appealed to me greatly and has encouraged me to
further develop my education following this path. I have a keen enthusiasm to pursue a degree in
Business Administration as I enjoy the challenges it sets and find the many different areas of
business you are able to branch out into, very exciting! From research about the subject I'm
expecting to greatly further my learning of how businesses operate and be able to then put my
knowledge into practice. I am confident within myself and find communication with others easy. I
want to study at university to deepen my understanding of the knowledge and skills I already have. I
I am studying Media Studies, which is progressing my understanding of advertising, used
throughout business and also Geography, which is developing my analytical skills in report
writing, but also helps me combine my theoretical studies and practical work a skill I will be able
to use on my university course. I studied I.T for G.C.S.E then furthering my knowledge, I studied
I.C.T for A.S Level as I recognise that a skill for information technology is useful, if not essential,
for the progression of business in modern society. During the year I am studying my three A levels,
I have also decided to study Business Studies at A.S Level, due to an increase in eagerness to pursue
the subject but also to ensure I have a basic understanding of business operations for further use in
my learning in University.
I have managed to balance my 'A' Levels with a part–time job and an enjoyable school and social
life, which has not only developed my skills of working as part of a team and organising my time
efficiently but has also left me with experience of responsibility and leadership, when being chosen
to supervise a particular area of the business I work in. I have been involved in voluntary work for
'Save the Children', which I believed

Essay on Legal Forms of Business
An average person has an innovative plan to start a business. It begins with an idea but what
should they do afterwards. If someone wants to start a business they must ask themselves several
questions. What is the size of the business? What level of control do they want to have? What are
the business risk and vulnerabilities? What are the initial startup expenses? All of these questions
will help them decide which legal form of business they should choose. As a legal form can have
significant implications for your personal risk in the business as well as your potential for financial
returns (Page 6 of 17 – How to Incorporate | Inc.com. (n.d.). Retrieved from http://www.inc.com
/how–to–incorporate/130). The three different types of legal...show more content...
Sole proprietorship is a business with one owner. The owner is the business, and the business is the
owner (We've got the Answers– Northwest Texas Small Buiness...(n.d.). Retrieved from
http:www.nwtsbdc.org/FAQ_Answers.htm). Sole proprietorship is the quickest and easiest way
to start a business. Having little to no financial assistance, sole proprietorship is the least expensive
of the three business forms. The advantages of a sole proprietorship are being your own boss, low
start–up cost, and comprehensible legal setup. Business profits are not shared with anyone else
since there are no partners. One of the disadvantages of a sole proprietorship is unlimited liability
meaning the owner is personally liable for all debts ensued. It is also difficult to secure funds to
expand the business if needed. A partnership is the same as a sole proprietorship except there is
more than one owner. Since there is more than one business owner, owners will share all profits
and responsibility. The owner and their partners and business are not separate entities. Personal
liability is a considerable drawback to partnerships, because each owner is not a separate entity and
is liable for all debt and the other owner's actions. The start–up expenses are higher for a partnership
than a sole proprietorship, due to legal fees needed to form a partnership. Partners are also taxed as
individuals on their personal tax returns. Partnership provides more

Essay about Business Memo
Writing Assignment #1: Business Memo with Documented Research Grade: 5 points (5%); Due
November 4, 2012 Format: Use the memo format in Figure A–9 in Appendix A; Figure A.9 is also
located in the Doc Sharing area of the course. Length: 2 pages (not including bibliography)
References: Provide at least 4 footnoted or parenthetically cited references, and a bibliography. One
of these references should come from one of Park's Online Library databases (Lexis–Nexis, Ebsco,
ProQuest, etc.). One reference must come from a government (.gov or .mil) site such as the CIA
World Factbook or the Library of Congress. and one from a .com, .edu, or .org site. Do not use
Wikipedia as a documented reference. Use MLA, APA, or Chicago style for your...show more
content...
NOTE: You may pick any country you like, and the hypothetical company may be involved in
any type of business you like. In addition to Park's Online Library resources, use search engines,
libraries and other means to look for information on the Internet and elsewhere. I encourage you
to work together on the research, and will be pleased to help. Two additional sites you'll find
useful are: The CIA World Factbook. This is an important site for information on countries. This
site is especially good for support of research for doing business internationally. The World
Newspaper List. This site contains links to English versions of all of the major newspapers in most
of the countries of the world. Be sure to check it out! Reminder: Be sure to document all sources
you use – always – with both footnotes or parenthetical citations and a bibliography. The course
"Webliography" area has some guides on annotation (footnote/endnote) and bibliography formats.
________________________________________ How will this assignment be graded? The criteria
for excellence in this assignment are in four categories: Substance Organization Style Correctness
See the Writing Assessment Checklist for Writing Assignment #1 in the Document Sharing area of
the course for a detailed rubric for this assignment, which can also be a very useful checklist to
make sure you've covered all of the bases for your memo! NOTE: 1.Complete your assignment and
submit it

Essay about A Good Business
A Good Business What the characteristics of a good business looks like?
The basic element of a good business is derived from good management. It is true since business is
run by individuals known as managers that perform specific business functions, such as
manufacturing and production, finance and accounting, sales and marketing, and human resource
departments. Identifying a good business is not an easy job; an understanding of Managerial
Economics is needed because it provides some tools, techniques of analysis and Economic concepts
to make good managerial decisions. The purpose of this paper is to identify some characteristics of a
good business and list names of the companies having these certain characteristics.
Most of...show more content...
When a firm's sales reach its peak, it works as a signal that new firms start to enter the markets and
the firm's sales and profit will start to decline. In this case, the role of management is very essential.
The firm has to manage its expansion plan, such as launch new products and entrance a new market
in order to compete with its competitors.
The most common and useful measurement of a good business is by calculating its profit through
return on stockholder's equity (ROE). ROE shows how much return that stockholders have earned
on the capital that have been invested by stockholders into a business. Net Income ROE =
________________ Stockholder's Equity
High rates of return on stockholder's equity indicate a good business performance and also high
growth rate of sales.
Besides steady growth of sales and high rates of return on equity, a good business must also have
strong brand equity. It is important for a firm to create an image of its products on buyer's mind so
that buyers become loyal to the firm's brand. Strong brand equity also generates higher profit since
consumers want to pay more because of the reputation that the product have; moreover, it works as a
powerful defense against new

Interview with Business Owner Essay examples
Nilima Rawal
BMGT110
University of Maryland University College
September 23, 2012
Abstract
For my interview I decided to choose the owner of 6 different Subway Restaurants in Maryland. It
was an honor to interview my friend "Mr. Sharad Doshi". He has been in this industry for past five
years. I chose him because he has been an inspiration to everyone. Looking at his accomplishments,
makes us feel very proud and I knew for sure, for me, the best person to interview would be him.
Subway is an American Restaurant Franchise that primarily sells Sandwiches (Subs) and Salads. It
is owned and operated by Doctor's Associates, Inc. (DAI). Subway is one of the fastest growing
This year Subway owners collected $330,000.00 and donated to American Diabetic Association to
prevent and educate people about Diabetes (Subway.com)
He says I strongly believe that my store has a positive impact on the economy. Since the economy
is in recession, people don't want to spend lot of money on expensive restaurants. As mentioned
earlier, subway provides healthy meal options at a very affordable price to the people. We started
offering $5 foot long subs in order for our customers to get healthy food at a very low cost. People
can eat fast food and lose weight. Our classic example is of Jared, who lost 180 pounds just by
eating Subways' healthy sandwiches. According to the Subway official website, Subway has
impacted the environmental issue by switching to napkins that use 100% recycled materials, of
which 60% is post–consumer recyclable material. Recycled material can include material such as
wood chips; while post–consumer recycled material is paper that has already been used by
consumers. Subway estimates it will save about 147,000 trees a year. The company also switched
to cutlery and plastic drinking cups made of polypropylene instead of polystyrene, which it
estimates will save 13,000 barrels of oil annually. Subway sandwiches are extremely popular in
different parts of the world and in some places, it has reached

Business Plan-Example Essay
RUSH BAKERS& RESTAURANT (PVT) LTD
No 56 New Bus Stand
Nittambuwa
Telephone –0773892174
Fax–0338937268
Table of Contents
1.Executive Summary2
1.1Objectives
1.2 Mission
2.Company summary3
2.1 Company ownership
3.Start–up summary3
4. Products and Services4
5. Market Analysis Summary4
5.1 Market Segmentation
5.2 Target Market Segment Strategy
6. Strategy and Implementation Summary5
6.1 Competitive Edge
6.2 Marketing Strategy
6.3 Sales Strategy
6.4 Sales Forecast
7. Management Summary6
8. Financial Plan6
8.1 Important Assumptions
8.2 Break–even Analysis
8.3 Projected Profit & Loss
9. Summary7
1. Executive Summary
Rush Bakers & Restaurant (RBR) is a start–up bakery...show more content...
–People or family members who come to Nittambuwa for shopping and who will be looking for
walk–in food convenience feeling tired.
–Local travelers and tourists who are active restaurant seekers.
5.1 Market Segmentation
Rush Bakers intends to serve a wide range of customer base. Our market segment includes:
Young adults and business people
Families with children
Travelers and tourists
High–end singles or bachelors

5.2 Target Market Segment Strategy
The dominant target market for Rush Bakers & Restaurant is a regular stream of local residents.
.We can specifically divide the market into two segments, ordinary people with families and business
people.
6. Strategy and Implementation Summary
This business hopes to succeed by offering high quality foods and bakery products at a competitive
price and superior customer service at a friendly neighborhood–feel atmosphere.
6.1 Competitive Edge
The competitive edge of Rush Bakers & Restaurant is relatively low level of competition in the local
areas in this particular niche. Rush Bakers & Restaurant rely on two competitive advantages:
The importance of experience–The customer experience is extremely important as an effective way
of distinguishing offerings. When a customer has a good experience at a restaurant, the probability
of the customer repeating to the hotel is more and there is chance of sharing his

Business Communication Essay example
Business communication needs to become interpersonal again. No matter how we believe our
human forms came into existence, we were built to need personal contact and function best with
face–to–face communication. As children, we desired comfort from touch, a hug from our mothers.
As teenagers, we held hands with our boyfriend or girlfriend. As adults in the workforce, we still
need to feel that connection and comfort with our families and the people we work with. As Susan
RoAne (2008), owner of a speaking, consulting, and coaching business, discusses one way we feel
this connection is through getting to know and building trust by communicating in–person. Through
this interpersonal interaction, we not only feel more comfortable around...show more content...
For the greatest success of the business, employees need interpersonal communication to connect
with their co–workers. A leadership expert, John C. Maxwell (2010) says: "Connecting goes beyond
words." (p. 41). Physically being in the same room, verbally speaking thoughts, engaging in eye
contact, and being able to see nonverbal responses are all important and add to a person's
understanding of the message being communicated and feeling a connection. Overall,
communicating face–to–face is more natural for employees. An employee knows who is hearing
what they are saying and seeing their nonverbal gestures. The employee can either get immediate
feedback whether or not the person understands or agrees or disagrees. The communication does not
have to be formatted as it does on paper. An employee should still present themselves professionally,
but communicating face–to–face is a process, instead of format.
Through in–person communication, employees will be able to not only build needed connections,
but relationships and trust with co–workers in the business. Maslow's hierarchy of needs is like a
staircase, a person needs to satisfy the lower stairs to easily reach and fulfill the higher staircases.
If you refer to Figure 1 on page 9, social needs, feeling connections with people around you, are

Business Report Essay
Business Report SOCIAL CUSTOMS
Every country has it's own social customs and gestures. Ireland has its share of social customs that
differ from the United States, but for the most part the countries are relatively similar. Friendliness
and hospitality have always been the hallmark of the Irish people. People in Ireland react to strangers
very politely, as you would expect in most parts of the United States. The attitude toward foreigners
in Ireland is reasonably friendly, and welcoming, as opposed to being hostile. In Ireland people greet
each other much like they do in the United States. In a social setting, a handshake is appropriate
when greeting another man, when greeting a woman a hug is appropriate.
The manners in Ireland...show more content...
Tipping taxi drivers, porters, hairdressers, etc., is customary, but not obligatory.2
To refuse an invitation is viewed much like it would be in the United States. If it were necessary to
decline an invitation, it would not be viewed offensively. When refusing an invitation, you would use
a polite manner, as would be expected in any country, usually explaining the reasons for your
absence. Eye contact is important when communicating in Ireland, as would be in any country.
When conversing with someone it is appropriate to maintain eye contact, not allowing your eyes to
wonder, and give the impression of disinterest. When non–verbally communicating, nodding your
head is acceptable, where as when disagreeing shaking your head is acceptable.1
When in a social or business setting, there is no information alluding to inappropriate subjects.
However, you should most likely exercise your best judgment, and refrain from talking about
personal matters or opinions. There is no social hierarchy in the social structure of Ireland. The
former colonial power shows no apparent power in present Ireland.
CONCEPTS OF TIME
Time is expressed in Ireland in the same way it is expressed in the United States. There is no
deviation. Banks are generally open 10AM–3PM, Monday–Friday (closed for an hour midday).
Shops are open from

Business Plan Essay examples
Describe the type of business you have created including: a. the product or service, and general
staffing plan. Provide a rationale for your plan. b. The form of your business and the benefits it
offers your particular business, c. A chart of accounts specific to your business, including a rationale
as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for
the lender/investor. It should report the expected resources that you will consume in your business
(assets), the sources of those resources (liabilities and equity), the sources of revenue, and
expenditures that you expect to incur to earn those revenues. You may build a detailed chart that
includes business units, divisions, product...show more content...
Chris Forte chose to be a sole proprietor because sole proprietorships are mainly one–owner
businesses. Chris Forte can close it, sell it or pass it down to his heirs at any time. A sole
proprietor pays taxes as a part of his individual income tax filing. The costs of obtaining a license for
sole proprietors are substantially less than those for corporations. Start–up costs for sole
proprietorships are very low. The Startup cost for Shear Perfection Unisex Salon will consists of
the cost of the building (23,000) five salon stations, five master barber chairs, each station
requires a salon chair, cabinet, and a large mirror, shampoo bowl and a floor mat, five sit under
dryers will be located in the rear of the salon. All other miscellaneous items such as curling irons,
electric razor, several pairs of scissors, spray bottle, assorted combs and brushes all employees are
expected to provide for themselves. Shampoo bowls and floor mats. Located in the front of the salon
will be a desk for the receptionist, along with a computer for sales and booking appointments ,three
couches for reception area and two flat screen televisions to entertain our clients. Located in the back
of the salon will be an office for management with a computer for accountant purpose with a printer.
DescriptionCost Building Total Cost of Building23,000 EquipmentTotal Amount of Equipment
4,723 FurnitureCost to Furnish Salon 9,753

Essay on Business Structure
Sole Proprietorship A business with one owner who is responsible for all features of the business.
Everything that happens in the company from the daily operation to the legal obligations are
controlled by one individual. Sole Proprietorship Advantages: Convenience – Usually the least costly
to begin. Sole proprietorships are easy to start up. They entail acquiring the proper licenses and
permits. Regulations very from industry, state, and county. There is no administrative configuration.
Control– Owners are permitted to organize the company in the way they prefer. All choices about
how the business will operate are made by the owner. The owner has the choice of hiring someone to
run the company or doing it themselves. ...show more content...
In some states the partnership can continue if it is provided for in the partnership agreement. An
example would be the other partners buying out the share of the partner leaving. The reason for this
is to protect creditors, and maintain liability for the debts of the establishment Control – Issues with
partners may arise as the resulting from misunderstandings or different goals, putting an end to the
partnership. Burden– Formation and subsequent changes in structure are complex. Limited to a
small number of owners. Each partner is legally responsible for the actions of each partner. Unless
you can prove in a court of law that you did not participate, knowingly or unknowingly, in illegal
activities you could be forced to pay fines, penalties or even serve jail time. Limited partnership Like
a partnership a limited partnership has two or more owners. Unlike a general partnership a
partnership agreement is required. The partnership agreement stipulates which partner has what
responsibility and which ones have what authority. Advantages Liability– Limited partnerships have
both general and limited partners. A limited partner has little accountability for the debts incurred by
the partnership. At most the limited partner can only lose the amount they have invested, and cannot
run the business Income taxes – Partnerships do not having to pay both a personal and a business
tax. The

Business Format Essay

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