What Ive Outgrown free essay sample

My sister Emily and I standing in front of our house, with her climbing a tree. Myfriend Maegan and I sporting nametags and windswept hair. A group of us standing in a lineon the grass, laughing. My uncle and I on the beach, our ankles buried in wet sand. Three ofus girls in party dresses, posing for the camera. All of these are snapshots of the past. Theyare memories frozen and preserved by chemicals on glossy paper, reminding the viewer ofthe things that have passed. My computer’s hard drive holds even more photos, thousands ofdigitally captured remnants of a moment that seemed important enough to trap with a click ofthe camera.Collecting pictures for the yearbook has shown me how much has truly changed. Ihave found that throughout my life so far, things have changed as quickly as a child’s bodydoes during puberty. The evidence can be seen simply by walking down the hallway. We will write a custom essay sample on What Ive Outgrown or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Theboy who cried all the time in elementary school is now over six feet tall and captain of thefootball team. The girl who wore giant sweatshirts and boys’ pants has become the promqueen. The most popular kid in fifth grade has become a whispered name, with everyoneasking, â€Å"Whatever happened to†¦?† These people I shared my animal crackers with duringsnack time have become strangers to me.I sifted through the boxes of old memories with wonder. I constantly marvel at thepower that remembering something, or someone, can hold over a mind. As I dug through thecontents of my drawers, I found a folder of notes written to me by my friend who passedaway. The nostalgia that wound itself around my heart felt like a rubber band worn too longon a wrist. It unlocked a floodgate of sudden realizations, like blood rushing back into numbfingers. I thought of all the people who had gathered at this friend’s wake, putting theirdifferences aside to mourn together. We had held hands around a candle lit in her memory,our eyes closed so that we might witness a miracle. For an instant, we were connected by ourgrief.Despite the fleeting melding of sad souls, I have since grown apart from many ofthose individuals. I still see them everyday—a small school means there is no avoidinganyone. Sometimes we smile at one another, a half-hearted acknowledgment of ourfamiliarity. It is exceedingly strange to think that our amity has been reduced to a briefgreeting. Some of the people who now pass by without a second glance are the same peoplewho I stayed on the phone with for hours. We knew everything about each other, and thereare so many documents that can testify to what once was.Even my closet door is a canvas of forgotten names. There are at six or sevenhandprints of my dearest friends at the time. They have outgrown their handprints, and ourfriendship. The drawings that are strewn across the door are relics of the recent past. Theyexist only in the world of memories, floating in the evanescent abyss that runs on theenigmatic time zone of teenagers.When I was young, even a single minute could feel like forever. The impatience ofchildhood made me believe in the ever after promised to me by fairytales. Suddenly, I amseventeen and time is moving too fast. All around me there are things, people, and evenplaces that I have outgrown—boxes of clothes I no longer fit into, people I no longer hangout with, places I no longer go to. The tree that my sister climbed is no longer there. Maeganand I still talk, but we have not been close for years. The group of us standing in a line havesince grown up and gone our separate ways. The sand that my uncle and I trapped our feetbeneath is eroding. The girls in party dresses are only acquaintances now. Human beings arechanging organisms. We are bound to outgrow things, but when we do new things take theirplaces. Today, there are flowers where the tree once stood, I have grown closer to otherpeople, and we go to a different beach. One day, the present may become another box ofmemories. In the mean time, it fits just fine.

Essay on About Obama Improvements and Views

Essay on About Obama Improvements and Views Essay on About Obama: Improvements and Views In a democracy a president is elected to oversee the population for up to two four-year terms. The president runs against other high political individuals and in the end, runs against other person. The population has the option to vote and choose between the president and the opposing person amongst other categories. I personally feel as though Barrack Obama, our President, should win and regain office. Although the opponent’s views carry some sort of merit, they still compliment the views of Obama. Obama wants to help the middle class and those in need with health care. He has put Obama care in place in order to ensure that people without health care receive the proper treatment that they deserve. Both Obama and his opposition, Mitt Romney, were interested in creating jobs, but they had different ways of doing so. Obama was in favor of creating new jobs here in America but Romney didn’t want that, he wanted to give people jobs that already existed, but overseas. Obama believed that the key to getting out of the bad economy was a stronger middle class so he lowered taxes and made everything equal, whereas Romney wanted to tax the middle class more and the rich less. There would have been a tremendous loss of health benefits, the elderly would suffer because of this and that’s not right because the elderly helped build this great nation. The elderly would not be the only ones to suffer, the disabled people would suffer as well. Those that have pre-existing injuries would face a big loss because of

Week 3 Essay Example | Topics and Well Written Essays - 1000 words - 1

Week 3 - Essay Example ccessful undertaking while taking particular considerations to the current economic conditions and so as to develop contingency plans in that respect. In essence, it is a plan of thriving in the market. While there are different types of business plans, they all can serve either of the two purposes: internal and external (Schwetje & Vaseghi, 2007, p. 1). When a business plan has an internal function, it presents strategies and tactics which can be utilized to effectively manage the internal operations and other domestic affairs of the company. A business plan could also be structured for an external purpose when it presents feasible means of financing (e.g. bank loans, venture capital, strategic alliances) for the continuous operation of the business. The marketing plan is probably the meatiest feature that a business plan could have since it presents how the company’s products should be sold to the target market (even if the market is oligopolistic or in a form of perfect competition though except in a monopolistic structure) or in brief the influx of a real good cash that could support the business operations for a long term (Jaret, et al., 2010, p. 153). The marketing plan typically includes the current market situation, product positioning and/or promotional tactics (Jaret, et al., 2010, p. 154). Apparently it can be said that a product is not doing any good in the market at all either because of a poor marketing strategy or simply because it lacks value and features. However, sometimes a bad product can guise a good image through strategic marketing. A good marketing strategy permits the aspiring businessman to roughly know how to compete in market through a thorough market research. Without a marketing strategy, the business idea is a fail no matter how well established the company’s reputation is. For someone new in the market, everything will be much worse. The financial overview is also an important aspect in a business plan. Defining the financial

Advertisement Essay Example | Topics and Well Written Essays - 250 words

Advertisement - Essay Example Nevertheless, the brilliant thing about advertising is that it works on a subconscious level, this means that one may think the advertisement has had no effect on them but the message conveyed through the advertisement instills in the brain without notice. Examples of this type of advertising include the coca cola advert of someone drinking coca cola in the middle of the desert, which induces the connection between coca cola and thirst in one’s mind. Moreover, people are generally attracted to new things, as the common saying says, â€Å"the new is always better than the old†. Customers in many ways follow this saying in that anyone who sees a new brand or version advertised; they are keen to try it. For example, even if one is happy with their current brand of toothpaste and they come across a new version of it that promotes their whiter teeth, one will be keen to try it even if it is just to disprove

Internal weaknesses that impacted the Islamic Societies during the Essay

Internal weaknesses that impacted the Islamic Societies during the Crudades and Mongol Wars - Essay Example Even though the early crusades were named and were quite successful in realizing the desired objectives, majority of the crusades that took place in the later years were ineffective and thus they were defeated by their counterparts, the Muslims. The Mongols on the other hand invaded Muslim land in the thirteenth century. They moved from one Islamic region to another slaughtering all the Muslims they came across. In just a single city, they slaughtered almost 2 million people. Such had immense effect on the locals in terms of their political power, economy, social life, culture, religion and population as explored in this paper. Soldiers in hundreds of thousands became crusaders through taking of vows, with the Pope granting these soldiers Plenary Indulgence. The emblem of the soldiers in the war was a cross, as the term crusade was derived from a French phrase, â€Å"taking the cross†. Most of the crusaders were from France, calling themselves ‘Franks’ that eventually became a common term among the Muslims. By this time, Christianity was yet to divide into large numbers of intermingled geographical regions which later formed the eastern churches of Byzantine Orthodox and the Western Roman Catholic. The Crusaders just considered themselves as Christians but not as Muslims. They had immense impact on Middle East, and particularly to Islamic religion. Crusades Background Among the powers that medieval popes had was the ability of requesting the kings and monarchs to be provided with troops as well as money to facilitate what they deemed as holy wars, such as the Crusades. The Crusades were fought because of geopolitical, economic and religious conflicts between the Muslims and the Christians.3 The spark for the initial Crusade came in year 1095, at the time when the Byzantines within the European Christians for military assistance against Turks, and Seljuk who had recently captured the city of Jerusalem. In order to increase their chances of receiving more aid, Byzantines exaggerated the rumors of Holy Land atrocities from the Turkish people. Pope Urban II immediately responded by summoning of the Council of Clermont, calling upon the European Catholics knights to recapture the city of Jerusalem because of the religious value that they placed to the Holy Land. In 1096, an army of Crusaders traveled headed to the Middle East through Constantinople, fighting the Muslim forces that they encountered along the way. The army reached Jerusalem two years later, 1099. They placed the city under siege, and they butchered almost every single Jew and Muslim within the walls of th e City. In the process, the Crusaders massacred a significant number of Christians whom were mistaken for Muslims. Because of lack of unity among the Jews, Turks and Muslims, they suffered immense loss and defeat from the Crusaders.4 Crusades in Islamic Society Much of the most important works of histories of crusades are being published and the settlements that have been established within their wake are concerned with the 13th and the 14th Centuries, while the great vistas are providing an opening in the sixteenth centuries.5 The Crusades, which were launched upon the holy land of Middle East from Urban II Speech that took place in 1095 at the Council of Cl

Tourism And Tourist Behavior In The Past Tourism Essay

Tourism And Tourist Behavior In The Past Tourism Essay Tourism industry is one of worlds fast-growing and gained economic benefits in many countries all around the world. In recent year, technology became important part in many industries particularly the internet in tourism industry. The development of the internet has increased dramatically and many countries in the world have made efforts to improve their internet service. On the demand side, the internet consumer base increases globally every day. Consequently, the use of internet and web technologies is important and is becoming a direct marketing tool for improving the success of a business in the online environment, which is very appropriate to adapt to tourism industry as call e-tourism (Khemthong Roperts, 2006) This paper is presents what are the effects of e-tourism on tourist behavior and how to manage it. It analyzes the role of tourist behavior before and after e-tourism came to Thailand. In addition, discussions on the benefits, disadvantages and trend of e-tourism in the next coming year. Tourism and tourist behavior in the past Tourists behavior involves a consideration of various important issues regarding current tourism trends. Tourism has many factors which can define as Leiper mention thirteen factors and antecedents such as nomadism, travel for trade and business, travel by scholars and scientists, resort tourism migratory and etc. In general, tourism can be defined in behavioral terms as persons who travel away from their normal residential region for a temporary period of at least one night. Their behavior involves a search for leisure experiences from interactions with features or characteristics of places they choose to visit (Leiper, 2004). Referring the Leipers statement, it can be confirmed that understanding tourist consumer behavior is not merely of academic interest but doing so would provide knowledge for effective tourism planning and marketing. Although some writers (e.g. Meethan, 2001; Jelincic, 1999) consider that understanding the behavior of tourism consumers is less important in the globalization era. The study of consumer behavior focuses on how individuals make decisions to spend their available resources (time, money, effort) on consumption-related items (Schiffman and Kanuk, 1997). Individuals and households decide how to spend their free or leisure time in many different ways, including domestic, outbound or inbound. Tourism before technology era, the Second World War, impeded the growth of international tourism even in 1939 fewer than 50 percent of British population spent more than one night away from home. In the inter war period, the cruise liner and air travel led to changing tastes and trend in holiday taking in. in post war, the demand for holiday had increase it seen from growth income, leisure time and opportunities for international travel. These travels cannot happen without tourist demand. The definitions of demand are concerned primarily with the schedule of the amount of any product or service which people e are willing and able to buy at each specific price during a specified period of time (Cooper, 1993). According to Uysal (1998), summarized the determinants of tourism demand as shown in Figure 1. It provides a general context for tourism demand, but does not adequately explain how and why people decide to select and participate in specific form of tourist. Key factor such as age and income are significant determinants of the demand for example, the amount of paid holiday and an individuals or familys income both have an important bearing on demand. Figure 1 Determinations of tourism demand (source: Uysal, 1998) The tourist, many factor to make a decision to serve the demand to travel but before the tourist design to have a trip they have to plan and find the information. Planning generally is concerned with predetermining a course of action to achieve a desired goal (Hayes-Roth Hayes-Roth, 1979) The planning and decision-making processes employed by tourists are complex, as a touring holiday involves assimilating information from many different sources and a continual assessment of options.(Becken Wilson, 2006). In primitive societies, for most people the world beyond home was a scary an unknown place.(Leiper, 2004) In the modern world, radio, TV, book and, to a lesser extent, attendance at schools have provided almost everyone with knowledge of places around the world that might be visited. Moreover, tour operator and travel agent can be a main assistant for tourist. Tour operators are businesses that combine two or more travel services (e.g. transport, accommodation, catering, entertainment, and/or sightseeing) and sell them through travel agencies or directly to final consumers as a single product (package tour). The components of a package tour might be pre-established, or can result from an a la carte procedure, where the visitor decides the combination of services s/he wishes to acquire. A tour operator is often described as an intermediary The principal role of intermediaries is to bring buyers and sellers together, either to create efficiently and thereby to expand market sizeà ¢Ã¢â€š ¬Ã‚ ¦ In all industries the task of intermediaries is to transform goods and services which consumers do not want, to a product that they do want. (Cooper et al. 1998:189) In Thailand, 1393 travel agency available (Association of Thai Travel Agents) and more than 100 books and magazines it shown that many tourist find the information by book or magazine and buy the product and service from travel agency. In the past, travel book (manual) is very popular because is the one of most we can find the information at book store. There is done in every province in Thailand and some country around the world where most Thai people like to visited as well. Moreover, map is another travel material that most tourists have on hand. Another factor that tourist would design to have a trip is experience sharing, this can be a main influence to travel. E-tourism In recent year, the trend of globalization and the advance of information and communication technology, particularly internet play an important role both for consumer and business in tourism industry. The growth rate in tourism have moved much faster than in the overall world economy, and this trend is not expected to slow down in the near future (The European e-Business Report, 2007) As the tourism industry expands globally, the need for expanding the communication networks to connect the customers and service providers has increased. ICTs have been utilized as a mean for communication widely over the past decade in the travel and tourism industry. It has been instrumental in helping the tourism sector to expand its market across the continent and has played a major role in helping the growth of the industry. Moreover, it is leading to a shift from product-oriented organizations to a flexible and responsive market place, where success depends on sensing and responding to rapidly cha nging customer needs, using for delivering the right product, at the right time, at the right price, to the right customer. E-tourism reflects the digitalization of all processes and value chains in the tourism, travel, hospitality and catering industries. The e-tourism concept includes all business functions (e.g. e-Commerce and e-Marketing, e-Finance and e-Accounting, e-HRM, e-Procurement, e-RD and e-Production) as well as e-Strategy, e-Planning and e-Management for all sectors of the tourism industry. As demonstrated in Figure 2, e-tourism bundles together three distinctive disciplines, namely Business IT/IS Tourism Figure 2 The e-tourism concept and e-tourism domains (source: Buhalis, 2003) E-tourism presenting by web, the web is a cost effective means for enterprises in the travel and tourism sector to directly market their offerings to a large customer population across the globe. It is also a very convenient means for the customers to gather information as well as data about the resources, history, social and economic structure of destinations. In this sense certain consumer groups are better equipped to engage in social interaction with locals and use their travel as a educational experience. Research of tourist demand proves that it has become more important for tourists how to spend an unforgettable holiday than where to spend it. Special events have to become a tourist product designed especially for tourists, which is already the case in successful tourist destinations in order to appear different on the market and create or strengthen their image and create a recognizable brand. In such cases the support of web design becomes crucial. (Bevanda, Grzinic Cervar, 2008) In general, tourism and hospitality websites tend to be easy to comprehend with a single level home page. There are different ways in which clients reach the webpage of a tourist facility, like direct access to a certain page, after which one reaches the web page through various advertisements or banners on portals. The picture is one of the most popular to present the product and service because the picture can explain by itself. These are summarized tourism website into two types. One stop service Website developed for use in information, advertising, communication and a system of reserve seats, accommodations and/or transportation. The tourist can find everything in website as one stop service. For example; www.agoda.co.th is online hotel reservation service and providing the lowest available hotel prices in every destination worldwide. www.kaoyai.info is another website that useful for tourist this website specific for who is interesting in Kaoyai and Nakhonratchasima. The website presented the general information, attraction, history, map, restaurant, and accommodation and also booking system for accommodation as well. These websites would help tourist to make a decision easier because the tourist can get the information from text and photo that the owner presented it and then the tourist may decide from these information and reserve it immediately. It is better than other websites that would not have the reservation system on the website because the tourist might change their decision. Advertising Businesses website development should be done with the purpose of providing information only do not have the channel for tourist to make a decision immediately. This website is appropriate with non-profit organization as the government or association such as Tourism Authority of Thailand (www.tourismthailand.org) or Thailand Incentive and Convention (www.tica.or.th). These website shown the general information to guide the tourist make a decision or for tourist knowledge. Moreover blogs and Bulletin boards (www.pantip.com) these are another website that most Thai people like to share their travel experience Advantages and Disadvantages Information technologies have a dramatic impact on the travel industry because they force this sector as a whole to rethink the way in which it organizes its business, its values or norm of behavior and the way in which it educates its workforces (Faulkner, Moscardo Laws, 2001). Tourism is another industry that has the competition intense especially in borderless communication era. Internet is tool condense of world community included businesses and consumers. Most people would use the internet as a communication channel with other people, find the information or do the business. This communication channel is very useful in tourism industry as many business and tourist have interaction in this channel. Marketing is another factor that effected many businesses uses this channel to do marketing with less cost but more efficiency and promote their business as well. This can be a one stop service which can find everything in one place and also comparing quality and price of product as w ell. This is an open source, everyone can access and higher possibility of new customers into the business 24 hours a day. Moreover, the consumers could see the product and service as many times also ask of help immediately by e-mail or call on working hour, it speedily and do not waste time. On the other hand, the internet also has the dark side, it easy to compared price and quality which more competition in the business. The consumer can access the internet at home or everywhere that has signal so they might lazier and forget how to participate like conversation on face to face. On the internet, the business may know the real feedback from their customers. The customer may give the real of not real feedback but how did they know the real feeling without see the face or lesson the voice. In addition, business online has less employee that affected to high unemployed. How tourist behaviors change? Tourist behavior has significantly changed in recent years. Increasing by tourism become much more sophisticated and discovering as they have experienced high levels of service and they enjoy advance of facilities. Tourism become demanding, requesting high quality products and value for both their money and time. Travel reservations are more likely to be made without using a travel agents expertise. The tendency is toward individualism due to the development of new computing techniques and especially through the possibilities of e-business. The technological age is the result of a series of sociocultural changes taking place in advanced societies that parallel postmodernism or post-Fordism (Ioannides Debbage, 1997; Lafferty Van Fossen, 2001; Smeral, 1998). Most people use the internet to search the tourism information and reservation by themselves it seem from internet user in Thailand was increased 12.89 million in 2007 to 16.1 million in 2008 (Nectec, 2009). In hotel industry, th e number of travel customers booked accommodations online in 2007, researched by Tourism International Association (TIA), was 75% which 40% from all leisure and 35% from business travel. We can see that customers, today, prefer to use the internet than book through agencies because of speed, choices and flexibility E-marketing is marketing on the internet, after the world smaller by internet this is the best way to do the marketing it less cost and published quickly. Tourism industry selected this way to promote tourism product to worldwide to increase tourist demand. In fact, it is found that many tourism reliant countries have developed various tourism products such as spas, natural-based resorts, and ecotourism destinations in order to supply the changing tourism demands. In this case, Thailand can be taken as an example. It is found that as a result of a current tourism trend in health-concerned tourism, Thailand has developed many spas and health-based tourism sites to supply the tourists demands (Circle of Asia, 2003). This shows an important of the e-tourism that people around the world can see what Thailand have as well as e-marketing. Moreover, it shows an important role of tourist consumer behavior in developing tourism products. It is possible to say here that understanding tourist c onsumer behavior is very beneficial for developing tourism products in order to supply the tourism demand. How to manage e-tourism? Innovative organization which respond to current and future challenges by designing new processes and adapting to new trends, will take advantage of the emerging opportunities and increase their market share. Corporations need to convert their operations from business functions to business processes, as well as redesign their distribution channels strategy. Even more significantly, this implies changes to long-term planning and strategy. Website is one of the main factors of e-tourism, most visitors to your website need to know and understand your message instantly from the very first page. If not, visitors can leave your site as quickly as they could press a button in their TV remote control. Your site must load quickly and immediately direct your visitors toward your message. Too much information on the opening page of your tourism site can make it appear cluttered and unorganized. As a general rule, keep your message simple and to the point. Moreover, domain name is also important, the name should be easy to remember and relate to your online presence, use your operations name whenever possible. Wed design is involved with customers decision; the graphics can be an important element on a tourism related website. A picture is worth a thousand words, particularly in this industry. Nevertheless, many of the people in your target market will be accessing your site from their computer; their speed connections maybe slow. Thus, the graphics that are too much consuming to download may cause visitors to leave your site before they get a chance to see it. Using your important keywords in your information and in your image tags will improve your ranking in search engines. E-Tourism Trends in Thailand in the next coming year In the future the tourism industrys challenge is to provide increased value for money either through innovation-driven cost reducing changes in production and marketing processes or through product changes providing more varied tourism experiences for quality-conscious and saturated multi-option customer (Weiermair, 2001). Therefore, Thai entrepreneurs have to adapt themselves to the e-tourism environment. First, they have to focus their business to serve niche markets such as trekking tours, eco-tourism, or cultural tourism instead of competing directly with large enterprises for general markets (e.g. air tickets, accommodations, and car rental). Second, they may have to join with large enterprises as subsidiaries to help them handle domestic business or niche products. Third, they must accommodate the special needs of innovative-driven markets such as e-commerce development, customer relationship management, mass customization, product differentiation, and community involvement. Travel agency products are usually sold as packages. Instead of offering only accommodation, they may include flight tickets, transfer fees and sightseeing. But if customers want to buy a package online, they may need to buy separate items and combine them which are not very convenient. These are some of the problems that the experts have noted. The effects of E-Tourism will be felt most seriously by the middlemen which, in this study, are the travel agencies. They need to adapt in order to stay in business. Human resources are also becoming critical for the success of tourism organizations of the future as they will need effective and innovative user of information and communication technology who can lead change in a dynamic and uncertain environment. Conclusion Tourists are defined as persons traveling away from their normal places to other unusual places (Leiper, 2004). Understanding consumer behavior is very useful for developing tourism products. It is also an integral source of information for promoting tourism products and highlights how to sell tourism products particularly in this era, in which the patterns of tourist traveling is highly influenced by global factors such as the mass media (Pembroke, 1996). In short, the study of consumers behavior is solely of not academic interest but it is also substantially beneficial when practicing managers have the need to know and respond to tourists needs and wants correctly.

Reader Response Essay - Slave Purchases and Breeding: Unruly Slave :: Reader Response Essays

Reader Response Essay - Slave Purchases and Breeding: Unruly Slave While reading the letter written to Andrew from G.B. Wallace many things ran through my head. There were three main thoughts though, a difference in society and acceptance and a different language and form of writing, and the way some of the words and terms were used. I found all three of the topics very interesting when I further looked into them. The thing that really hit me was how common and normal slavery and slave trade was in 1855. We all have learned in our history classes that slavery existed and all about it, but for some reason this letter really struck me as real. It really shows how the slave world worked. The trading and buying of other human beings is so casually talked about. The terminology for the slaves is also a very telling part of the letter. The word Negro and dispose of are nothing that we would ever say today. To hear â€Å"the Negro of whom I wish to dispose† would be totally unheard of and inappropriate today. The differences are amazing. The style in which it is written is another interesting aspect of the letter. The words used and the forms in which they are used are different from what we are used to seeing today. I found that when I was reading the letter I had to read it very slowly and over a few times. The letter is written in a very formal business-like manner, and that adds even another aspect to confuse a student. I personally, and I would assume most students my age have had little or no experience in the business world and with formal writing and reading. It is a different and many times difficult thing for me and others to deal with. I also found the terms â€Å"breeding Negro woman†, â€Å"young acting Negro man† and â€Å"dispose of† very interesting. I guess I never really thought about certain women being â€Å"used† for breeding purposes only. It makes me wonder what they did with the â€Å"breeding women† after they were past their breeding years. I am also really amused by the â€Å"young acting Negro man†. Could he sell him for more money if he was young acting?

New Venture Financing Case

`New venture financing at its core is securing the necessary funding to launch a new business. There are a variety of options for the entrepreneur to secure these funds, and finding the right financing in critical to starting any new business. Investors into a new venture will want to know that there is an acceptable risk/reward threshold for their capital. Therefore, it is important that the entrepreneur alleviate investor anxiety about the riskiness of the venture.There are several ways of an entrepreneur can portray the investment so that it is perceived to have less risk to the investor’s capital: an entrepreneur can stake his/her own capital in the venture to show the investor that he has a â€Å"horse in the race† as well, he/she may promise to pay back the money invested at an earlier stage in business growth rather than a later stage where the business’ financial status is less certain, or he/she may give investors some form of control in the company thro ugh specified terms, loan covenants, or participation in management.There are many entrepreneurs, however, who receive no outside funding for their start-up businesses. â€Å"Bootstrapping,† as it’s called, is when an entrepreneur uses his/her own savings, credit, personal loans, or equity available from a home or car mortgage. This is ideal if the entrepreneur has enough capital to start the business, as they retain 100% of ownership and control. Unfortunately, not all entrepreneurs can fund their new venture without outside help.When starting a new venture, it can be problematic to be burdened with too many liabilities that must be repaid, instead of reinvesting the funds back into the business to stimulate growth. For this reason, equity financing may be a more prudent path. There is a sector of specialized firms that will provide â€Å"seed capital† for a new venture, when the entrepreneur does not have enough capital to begin the new venture on their own.Th is capital is meant to get an idea off the ground and move it from past the â€Å"idea stage,† until the business has advanced to the stage where it can generate sufficient revenues itself. In this regard, they are considered to be â€Å"angels,† although this term can apply to individual investors as well as firms. â€Å"Angels† are typically those who have an excess of capital and contribute capital to new ventures. Angels may want forms of convertible debt, ownership equity, or management positions or control. To approach anyone for financing it is important to have a business plan.All legal issues regarding stakes and/or ownership should be clearly stated in any business plan, and it may be advantageous to supply a formal offering memorandum to investors. This will legally protect both principals in additional to providing the investors with a well-formulated blueprint for the formation and growth of the new venture. Venture Capital is another source of fina ncing. Venture capital is a pool of equity capital that is professionally managed. Wealth individuals can invest in these funds as limited partners, but usually they are comprised of pension funds and endowments.The general partners of the venture capital firm manage the funds, and are compensated with a fee as well as a percentage of the gains on the investments of the funds. Target returns on the investment in a venture capital fund are between 50% – 60%, although they can be very volatile. Venture capital usually does not take place during the start-up stage of the business cycle; usually is in the 2nd round financing stage. When exploring financing options and potential investors, it is paramount to guard any proprietary material associated with the new venture.Proprietary material is also known as a trade secret, which can be almost anything: a pattern, formula, design, process, or information. Whatever the proprietary information, it gives the entrepreneur a potential c ompetitive advantage over competitors, and is usually not generally know by the public. Protecting proprietary material with confidentiality agreements or non-disclosure agreements is advisable to any entrepreneur. As stated previously, there are different options when selecting financing. Equity ecurities are instruments like common stock and preferred stock, ownership shares in a firm, which derive value from the value of the firm, and are also a claim on a firm’s assets after all senior claims have been satisfied in the event of liquidation. Debt securities can take many forms: bonds, debentures, notes, etc. These debt securities receive higher priority than equity securities, and have the added benefit to the hold of receiving interest payments as well as the principal payment at the maturity of the security. Some debt instruments can be converted into equity securities depending on their construction.Venture capital firms will often â€Å"syndicate† a large invest ment: they attempt to entice other firms to take a stake in the investment. This allows venture capital firms to invest in numerous firms, diversifying their portfolios, and decreasing risk. Another form of financing is â€Å"cash flow financing. † Cash flow financing is typically funded by commercial banks, although it can also be obtained from institutional lenders (insurance firms or pension funds), loan institutions, or finance companies, and is a form of debt financing.These can either be short-term, long-term, or line-of-credit obligations. Asset-based financing may be more appealing to a start-up business than cash flow financing because start-ups lack an earnings history. In this form of financing, the firm gives the financier a first lien on assets: assets that can be used for these liens include accounts receivable, inventory, equipment, real estate, personally secured loans, letter-of-credit financing, and government secured loans.Venture leasing, a hybrid financin g option, occurs when a piece of equipment must be rented by a new venture for a fixed term. However, since the machine will have depreciated in value by the end of this fixed term, and if the new venture fails, the renter will have a harder time renting a depreciated piece of equipment, venture leasors will want to be able to purchase equity shares of the venture at the current price of financing at some date in the future, in exchange for the additional risk they take in leasing to the new venture.Of course, once your new venture has begun receiving revenues, financing may be internally generated. Profits can be reinvested into the venture to continue growth. Sources of internally generated financing include retained earnings, credit from suppliers, accounts receivable, a reduction in working capital, and the sale of assets. And while these sources can be a beneficial way of raising capital without the help of outside investors, the venture must be wary of becoming too â€Å"lean ,† or not having any wiggle room financially.There are a variety of investment possibilities to entrepreneurs in a new venture. Choosing the right one, or combination of financing methods, is critical to the growth and maturity of any venture. Throughout the business life-cycle, there are different stages at which these different financing methods will be helpful, or even necessary, and knowing which one best suits the venture is a vital part of prosperity.

Decision Making Tools and Techniques

Decision Making Tools and Techniques Decision Making Tools and TechniquesDecision-making is one of the most complicated and essential responsibilities of an executive. Making important decisions not only influences the success of the executive but of the entire corporation. Quite a few decision-making techniques have been developed to assist individuals and corporations make the most competent decisions achievable. For this document Professor Hossein Arsham's (2006), Tools for decision analysis: analysis of risky decisions is to be discussed. He makes use of a systematic approach to make valuable and noteworthy decisions.Dr. Arsham's hypothesis intimates that assessments are made by approximating the effectiveness and possibility, the assortment of alternatives, and organizing tactics for excellent decisions. A six-step system can be used to make the most out of a decision. The six steps include recognizing the decision circumstance and consider the objectives, recognizing choices, decomposing and modeling the problem, preferring the greatest substitute, performing an understanding investigation, and put into practice the selected alternative.B-ADSc from-information-based-to-decision-one-appr...Once the maker of the decision has accomplished the understanding investigation, he or she must establish whether further investigation is required. If more investigation is needed, then steps one through three may recur before progressing to the ultimate step: executing the selected option.The initial step to making a profitable resolution is identifying the decision circumstance and consider the objectives. Each decision requires a purpose. The decision maker is supposed to ask, what is precisely the dilemma to be resolved? In addition, why should the problem be resolved? By laying down apparent objectives, it is much easier to produce a decision model that will be compatible to implementing the established objectives. Since people can best comprehend, contrast, and influence facts, producing a model orga nization and conveying prospects and principles will pervade the model for calculation.The subsequent step is to recognize different solutions. It...

Benjamin Franklin as a Self Made Man essays

Benjamin Franklin as a Self Made Man essays As a young man, Benjamin Franklin knew poverty. His family had little money, and he helped in his father's candle and soap factory by the time he was ten. Young Franklin had little formal schooling. He remembered, "I continued, however, at the grammar-school not quite one year, though in that time I had risen gradually from the middle of the class of that year to be the head of it" (Franklin 3). He loved to read, and this was one of the things that led him to eventual success. He wrote, "From a child I was fond of reading, and all the little money that came into my hands was ever laid out in books" (Franklin 5). His rise to fame and fortune is quite amazing when considering his beginnings, which were quite humble. His father apprenticed him to his brother James when Franklin was only twelve; so much of his early life was spent laboring, rather than learning. This makes his later years even more amazing, when he was known for his wit and writings. By the time he was sixteen, he was writing anonymous essays for his brother's newspaper, and his writing was already becoming popular with readers. One historian wrote, "Virtually all of his writing arose from particular circumstances, served an immediate purpose, and had a deliberate intent. If we may judge from the abundant written remains, his thought and philosophy grew hand in hand with the full life he led" (Ketcham 4). Eventually, young Benjamin took over the paper from his brother, but his writings were so controversial that it did not succeed. He noted, "During my brother's confinement, [] notwithstanding our private differences, I had the management of the paper; and I made bold to give our rulers some rubs in it (Franklin 9). At the age of seventeen, he left Boston and traveled to Philadelphia, where he really began to make a name for himself, but struggled with poverty and positions. Throughout all hi...

Problem question Essay Example | Topics and Well Written Essays - 2500 words

Problem question - Essay Example Donoghue became ill after consuming a drink which contained a decomposed snail. The House of Lords found that she did have a valid claim against the manufacturer of the drink. A three-step criterion later emerged, which was solidified in the case of Caparo Industries Plc v Dickman.5 A duty between defendant and claimant exists in the presence of a reasonable forseeability of harm, a relationship of proximity between defendant and claimant, and it being just, fair and reasonable to impose liability on the defendant for his careless actions.6 In the present matter, the police were at the festival in order to provide security and crowd control. Based on the number of people in the park, a reasonable forseeability of harm did exist. The facts state that the amount of people in the park threatened to become a safety hazard. A relationship of proximity existed between the police and everybody at the festival, since their job was to provide security at the festival. ... each of duty occurred.7 The test asks whether the actions of the defendant were below the threshold of a â€Å"reasonable man†.8 Defendant must perform his job as a reasonably skilled and competent person.9 On the night of the festival, in an effort to control the crowd, the police erected barriers and cordoned off the area of the park where the band was playing. By doing so, they had not lessened the number of people, but had virtually trapped the people that were there. A â€Å"reasonable man† would not trap a crowd of people when there was already a concern about the number of people in the area. Instead, perhaps dispersing the crowd or refusing entrance to additional people would seem better alternatives. Simple causation is established if â€Å"but for† the actions of the defendant the harm would have occurred.10 The case of McGhee v National Coal Board is usually followed when determining causation.11 With regard to the Jigger matter, since the police had t rapped the people around the stage area, they had no means of escape when the crowd panicked. The surging crowd was also trying to escape, crushing anybody in their path, causing Mike Jigger and Uncle Lewis’ injuries. Finally, the fourth element of negligence is the injury cannot be very remote from the breach that occurred. In the present matter, the claimants’ injuries occurred almost immediately after the breach. Therefore, this element of negligence is satisfied. Based on a review of the facts, it appears that Mike Jigger and Uncle Lewis can establish a claim against the police for negligence. None of the three main defenses to negligence liability appear to be available to the police in this matter. Volenti non fit injuria is a Latin phrase meaning â€Å"to the willing, no injury is done.† This defense

Obesity Research Paper Example | Topics and Well Written Essays - 750 words

Obesity - Research Paper Example It is the objective of this essay to determine all relevant factors affecting obesity. Age, lifestyle, culture, religion and external environmental factors all contribute to one’s vulnerability to obesity. Obesity is defined as a chronic condition of excess fat accumulation in the body. (MedicineNet). Medically, obesity can be defined in relation to the body mass index (BMI). The body mass index â€Å"determines whether a person’s weight is appropriate for height by dividing the weight in kilograms by the height in meters squared†.(Delaune and Ladner 2006) Using this index, obesity is then defined as a BMI of 30 and above. (Medicine.Net) The primary causes of obesity are overeating and lack of physical activity. When a person takes in calories much more than what one burns, that persons gains weight. Excess energy is therefore stored as fat. If that person has no initiative at all to engage in Aside from overeating and lack physical activity, there are enormous factors which contribute to an individual’s being vulnerable to obesity. These are: genetics, composition of the diet, frequency of eating, slow metabolism, lack of exercise or physical activity, medications, psychological factors, and even certain diseases. There are two (2) types of obesity: android and gynoid. Hashmi differentiates the two by the concentration of excess fat in the body. For adroid, excess fat appears in the upper portion of the abdomen. Gynoid, on the other hand, excess fat is located in the lower part of the body. There is a third type where excess fat is accumulated in almost all parts of the body. As a person gains weight and either consciously or unconsciously neglect any measures to prevent the continuous weight increase, that person increases his or her risk of contracting other chronic illnesses. Among the more prominent diseases associated with obesity are: cardiovascular problems which could