Tuesday, August 25, 2020
brave new world :: essays research papers
à à à à à The epic ââ¬Å"Brave New Worldâ⬠, by Aldous Huxley, is a history book composed for what's to come. The creator imagines our general public later on and the risky bearing it is going in. ââ¬Å"Brave New Worldâ⬠refrain reality makes similitudes between these two universes. Our general public depends on balance and when that parity is broken, misery gathers. On the off chance that the fact of the matter was covered up, bliss would never be upset. à à à à à In section sixteen, Mustapha Mond clarifies why their general public conceals reality and how reality could cause torment. Soma is utilized in the ââ¬Å"Brave New Worldâ⬠to forestall reality or any clichã ©s that could cause misery. Lenina, ââ¬Å"A gram is in every case better than a damn,â⬠ââ¬Å"A gram in time spares nine.â⬠as a general rule we call that medication misuse. Medication addicts utilize various substances to get away from the unforgiving truth of truth. Living without the medications appears to be impossible and startling in the two universes. à à à à à ââ¬ËHypnopaediaââ¬â¢ is utilized to show individuals their lifestyle and good exercises. In the story a little youngster named Ruben Rabinovivch nodded off with the radio on tuning in to an educator giving a talk. At the point when he arose the following morning he could discuss the realities, yet didn't have the foggiest idea what they implied. In our general public, individuals utilize comparative strategies with tapes to learn and retain realities. Likewise purposeful publicity and notices are use to persuade or even to control our perspective into what the sponsor needs us to accept. In the event that somebody in the ââ¬Å"Brave New Worldâ⬠society doesn't follow the publicity, they are viewed as strange and a pariah. We do likewise in our present reality by not tolerating somebody in our gathering in the event that he has various convictions, culture or religion. à à à à à I consider the ââ¬ËNine Yearsââ¬â¢ Warââ¬â¢ to be contrasted with the war in Afghanistan. The biochemical fighting is utilized in the two universes. Our human progress today is concerned and terrified. On the off chance that the reality of the situation were covered up, with respect to the ââ¬Å"Brave New Worldâ⬠possibly our general public would be upbeat, as well.
Saturday, August 22, 2020
Feasibility Study On Franchising & Small Business
Questions: 1. Distinguish a current freely worked business (for example one that is at present not an establishment association) which seems to can possibly be diversified so as to encourage future development. The association you pick must be a genuine business. It might be situated in Australia or universally. Set up a report on the practicality of diversifying this association. 2. In a perfect world you will require access to some broad data about the business, for example, its history and advertising blend (item or administration, evaluating system, advancement and appropriation techniques). It is ideal to choose a business that is anything but difficult to watch or to which the proprietors have conceded you get to. Answers: Presentation: Choices of Franchises open new open doors for the business. It is one of the manners by which the development in the business can occur. Anyway it ought to be considered whether the business establishment will bring the fundamental advantages for the business and what might be the expense of making that stride. The possibility study counters the dangers that are there in these sorts of understanding. Something else to be noted is the way that the law and vital medium through which the business can be extended ought to be considered. It ought to be likewise be taken consideration that the issues corresponding to the responsibility is really basic to be comprehended. The reason this achievability is to recognize a business that has not been diversified at this point and research on whether it tends to be diversified or not. Because of confinement of time the exploration was just led from auxiliary data as opposed to essential data. The principles overseeing the business, SWOT examinati on, will be led. This will profit the general plausibility of the report. It will likewise clear approach to open more research regarding the matter of establishment. Leading essential research would have given a much exact portrayal of business. Research was directed from a wide scope of optional data, for example, Internet, books, government database, report from private statistical surveying and so on. There are a couple of impediments that may have an impact in finishing up precise proposals about the business. The impediments incorporate the obligation of information gathered from auxiliary source, nature at the hour of information assortment and how old the information is structure the period the possibility was directed. The business picked for the practicality was a falafel business named Falafel express-Hummus and Falafel Bar. This is one of the main brands working in 18 nations. The piece of the pie of the Falafel encounters a genuine worry because of the expanded rivalry and wellbeing cognizance and this report focuses on the suggestion of not many attainability choices for Falafel one such is diversifying (Zomato 2013). This café presents assortment of cooking styles and has wide system in significant nations like US, UK, Australia, and India and so on. It essentially serves Mediterranean and east Mediterranean just as Lebanese suppers. In the event that the techniques are reframed that will be advantageous for the business. In this manner the attention will be on the nitigrities of the business and the things related with the equivalent. History of business: A meeting was led with the entrepreneur in regards to the practicality to increase noteworthy data about the business. The segments beneath contain a clarified adaptation of the appropriate responses that was given by the proprietor. The business is a new company. Two companions who have been known each other for a long time own the business under organization. They have around four easygoing staff and work themselves to have full control on business. Working yourselves in business is imperative to have an effective business. It can assist proprietor with understanding it client base and afterward improve business as needs be. The area of business was picked in the wake of deciding a quantities of components; incorporate individual inclination, contenders, transport administration accessibility and globalization. In the wake of deciding all the elements notice over the proprietor pick Surfers Paradise, which is one of the most visited puts in Australia and pulls in excess of 12 million voyagers yearly (Gold coast city gathering). The spot have transport administration accessible, there is no different business that is selling comparable items close by and is visited by various traveler from inlet and south east Asia. They have social base reasoning particularly with regards to food. This could be a bit of leeway for the business as it sells an assortment of veggie lover and halal nourishments, which the vast majority from these foundations incline toward because of social legacy. The business sells an assortment of vegan food, master in falafel. The food in menu incorporates falafel pocket, falafel balls, falafel plate and falafel serving of mixed greens with a combo alternative of chips and hummus. The item is newly made in the shop day by day to keep their item solid. They food is likewise gluten free and vegetarian which could be a bit of leeway as there are no different shops around the business that sell veggie lover food. The business is on fire up stage and is just a month and a half old. The business expects to get its item and administrations out to end client through corporate claimed outlets. There is just a single outlet so far which is in Surfers Paradise yet the proprietor is intending to fabricate more outlets so he can reach however much client as could reasonably be expected. This won't just improve his compass however will likewise profit to develop the business in a natural way. Proprietor is advancing business through fluctuates special techniques like radio, web based life, site, business cards, individual soliciting, board, handouts and through inns by giving a specific markdown to a specific inn clients and staff. The limited time technique was chosen which mirror the objective market and business item/administrations. The evaluating methodology that the proprietor chose depended on fluctuates fixed and variable cost that the business manages. The proprietor did a statistical surveying dependent on the item that the business was selling and furthermore took a gander at his own objectives about the business. The costs that the proprietor chose were like some other contenders value remembering that in the event of any opposition he has sufficient space to beat his rivals cost. The estimating system that the proprietor used to advance his business was limited time limits. Limited time rebate is a markdown on an item for a particular timeframe (Govt. of WA). Limited time rebate is a decent technique for a new company to pull clients and increment its producer share in the business, which will prompt immense benefits for the proprietor in coming years. Market Analysis: All inclusive, cheap food industry has developed in most recent five years to 55.1 billion USD which is likewise reflected in the Australia. Inexpensive food industry assumes a significant job in the Australian culture and is a significant supporter of the national economy.The Australian cheap food industry is comprised of around 39,584 foundations and 24,734 organizations, a large number of which are independent companies. It utilizes more than 300,000 representatives. In 2012 2013, it created $15.8 billion in income. McDonalds alone has an expected monetary commitment comparable to 0.2% of Australias total national output and utilizes more than 90,000 Australians. On normal Australians eat cheap food at any rate once per week (FSA 2014). Despite the fact that the business caters the Australians, the development of the business is significantly influenced by the shopper food mindfulness and wellbeing awareness. The business has guage roughly 1.2% of development in expected decade. T hey additionally anticipate that an expansion in Australian GDP should 2.7% (IBIS 2014). In spite of the fact that the self evident truth with respect to immense wellbeing mindfulness among Aussies, the development is additionally hampered by more vulnerable income gain and intense rivalry from worldwide and nearby players of cheap food industry of Australia (IBIS 2014) is likewise crushing the business. SWOT Analysis Qualities Solid client esteem (Market Research 2014). Client esteems expands the capability of repurchase of the items and the piece of the overall industry is helped a lot. Client esteems implies that business likewise benefits concerning the verbal. Expanded client inclinations. The client gives more inclination to the item as the equivalent is mainstream and presents incredible incentive to the clients. Assortment of dishes requiring little to no effort (Emily 2010). The organization offers huge items to clients this implies the client is profited by the assortment of the items. Modest cost in the market (Food Center 2014). This implies the reasonableness of the clients increments as the items are at lower costs. This additionally mitigates the opposition in the business. An item that has got high worth and has lower costs is bought by the clients. Shortcoming Absence of appropriate ad and crusading Dishonest providers for Falafel (FSA 2014) Absence of purchaser mindfulness Absence of gifted work (Small Business 2014) Less staff consistency standard Absence of potential advertising endeavors Openings Expanded interest for low fat eating routine among Australians Home conveyance and combo plans New or inventive items which lessens the fat and starches Expanded interest for low fat eating routine. Dangers Soaked cheap food advertises everywhere throughout the world Expanded wellbeing awareness (Simmons et al 2005) Negative exposure about quick nourishments by numerous NGOs and wellbeing associations Nearby rivalry is solid Expanding fever for worldwide players, for example, tram, KFC, McDonalds and so forth (Siwik et al 2006) Reasonableness for diversifying: In the quick paced hustle and clamoring work life, snappy assistance eateries render an extraordinary assistance to numerous individuals. Australia has a monstrous cheap food industry and furthermore CAGR has evaluated an emotional increment in 3.6% of income picked up by means of inexpensive food businesses to the country. The present pattern of diversifying the cheap food industry has been started in 1930s (Lowell 2014). Fundamentally, diversifying generally targe
Saturday, August 8, 2020
Why the Best Businesses for Sale Arent for Sale
Why the Best Businesses for Sale Arent for Sale The freedom that comes with being an entrepreneur who owns his own business is exhilarating.No boss giving you orders left, right and center. You get to work on something that you actually care about, not any random project that lands on your desk.Most importantly, all the hard work you put in translates into real money in your bank account, not your employerâs bank account. After thinking about it for some time and saving up some money, you are ready to take the plunge and become a business owner.There is only one small problem â" starting a business from scratch is hard. Either you canât seem to come up with the right business idea, you donât know how to come up with a killer business plan, you donât know how you will drive customers to your new business, you donât know if there is a ready market for your product, you donât even know whether the business will work.The list of potential pitfalls is endless.So, how do you still make true your dream of owning your own business without having to go through all the trouble of starting one from scratch? In this case, your best option is to buy an existing business.When you purchase an existing business, all the difficult tasks associated with starting the business have been done for you. You donât have to reinvent the wheel.There are a number of reasons why buying an existing business is less risky than building one from scratch.An existing business already has existing customers, so you wonât have to spend a lot of time and effort finding your first customers.You will also get the benefit of immediate cash flow. You will also be sure that there is a ready market for your product or service.By buying an existing business, you can also save yourself the time and effort of hiring new employees by retaining the existing employees, who will already be knowledgeable about the business.Finally, when you purchase an existing business, there is a financial history to look at, which gives you a more a ccurate idea of what to expect, compared to a new business where you have to make do with financial projections, which are educated guesses at best.It is also easier to secure loans and funding using figures from past business compared to projections.WHY YOU SHOULD NOT BUY A BUSINESS THAT IS FOR SALEOnce you decide to purchase an existing business, the common approach for most people is to scour websites and magazines that list âfor saleâ businesses and try to find a business you might be interested in.The problem is that, very often, the most popular course of action is not always the best, and in this case, going the popular route of snapping up a business that is for sale could turn out to be your biggest mistake. Why is this? What is wrong with businesses that are for sale?Before I answer that question, I will first need you to engage your imagination for a second. Assume you are an entrepreneur who owns a thriving business. Customers patronize your business by the bus l oads, you consistently meet and exceed your sales targets, your business is booming.Would you wake up one day and decide to put the business up for sale? If you answered no, this should give you an answer to our previous question.No one just wakes up and decides to put their business up for sale.Every business you find listed in for sale listings is listed there for a reason. In most cases, the reason is that the business is failing. The business could be failing for any number of reasons.A powerful competitor might have come into the industry, the businessâs products or services might no longer be relevant, the brand might have been based on a seasonal fad or trend, the products or services might have been of low quality, the owner might be experiencing financial difficulties, the list is endless.It doesnât matter the reason behind the failure of the business, but buying a failing business is not a very wise move. Unless you have a powerful advantage that will help you overtu rn the businessâs fortunes, you should avoid buying a failing business. In addition, when a business is listed for sale, it attracts several potential buyers.This shifts the balance of power to the seller and allows them to place a higher price on the business, with little room for negotiation.This makes the situation even worse for you, the buyer. Not only are you buying a failing business, but you are also buying it at a high price.Of course, I am not saying that every business listed for sale is failing. Sometimes, there is a good reason behind the ownerâs intention to sell. The owner might be retiring, they might be moving or making other major life changes, they might be forced to sell the business due to medical issues, and so on.However, such situations are exceptions, and it might be hard telling who is selling for a genuine reason. Therefore, it is best to avoid buying a business from the for sale market.BUYING BUSINESSES THAT ARE NOT FOR SALESince it is not a good ide a to buy businesses that are not for sale, the secret is to buy a business that is not currently for sale.The truth is that every business owner is willing to sell their business â" for the right price. The key to getting them to sell is making them an offer they canât refuse.Of course, Iâm not asking you to make an offer worth billions of dollars, like Facebook did when it bought messaging app WhatsApp for $19 billion. No, you donât need billions of dollars to buy an existing business.You only need to do your proper research and then come up with a figure that is appealing enough for the owner.Buying a business that is not for sale has a number of advantages. First, going for a business that is not for sale put you in a proactive position.Rather than choosing from what is available in the market, you have the option of choosing a business that aligns most with your goals and objectives.Second, the management of a business that is not listed for sale are more focused on mak ing the best decisions for the future of the company, rather than being focused on making a swift exit. In some cases, you can even retain the management after purchasing the business.Finally, you donât have to compete with other potential buyers, which allows you to get the best possible deal.While buying a business that is not on sale is your best option, it is not as straightforward as buying a listed business. When a business has been listed for sale, you already know the owner, you know they are willing to sell, and you know their asking price for the business.When a business is not for sale, you might not even know who the owner is, and you are not even sure whether they will agree to let go of the business.With a business that is not for sale, you have to put in some extra work, but itâs all worth it. Below are the steps you need to follow to buy a business that is not for sale.Identify Potential BusinessesThe fact that you are looking for businesses that are not on the market is both a good and a bad thing.On one hand, it means you have an unlimited options to choose from. You can literally go for any business that is you are interested in, provided you have the resources to purchase it.On the other hand, it means that you have to work harder to find these businesses. Unlike on a market where businesses are listed for you, you have to do the work of finding prospective businesses to purchase by yourself.To identify potential businesses that you might be interested in buying, you need to first decide what industry you want to do business in.You also need to decide the nature of the business you want to get into. Are you more comfortable with an ecommerce business or a brick-and-mortar business? Are you looking to buy a blog?You also need to figure out the ideal size of the business you want to purchase.This will mostly be determined by the size of your budget. You should also consider the location of your ideal business (for brick and mortar bu sinesses).Once you have decided on the parameters of your ideal business, you can then come up with a list of businesses that meet these parameters and businesses that you can imagine yourself operating.ResearchOnce you have created a list of potential businesses that you would be interested in buying, now is the time in to do the hard work. Thoroughly research each of the businesses you identified above and try to find out as much as possible about each of these businesses.What products or services does the business deal in? What is its pricing model? What is its unique selling proposition? Who are its main competitors? Does it have any legal problems? Is it a franchise? If yes, find out about the franchise company as well.Conduct a SWOT analysis of the business to find out the strengths and weaknesses of the business and its opportunities and threats. Since you donât have insider information about the business at this stage, you should conduct the SWAT analysis as though yo u were starting a new, similar business.When doing the research, you want to make sure you know everything you can about the business.The more you know, the better. Not only will it impress the owner once you approach them, it will also allow you to make a more accurate assessment of the business and make it easier for you to negotiate with the owner.After researching the businesses you identified above, you can narrow your list to two or three businesses that you are actually interested in purchasing. You can now move on to the next step.Make a Business PlanMost people assume that a business plan is only useful when building a new business from scratch. This crucial document is useful even when you are purchasing an existing business. Go ahead and prepare a business plans that you will submit to the owners of the businesses you intend to purchase.The business plan for purchasing a business is, however, a bit different from the conventional business plan.In the plan, you sho uld include any relevant education and experience you have that make you qualified enough to run the business.You should include a section that explains how you will handle the transition from the current owner to yourself. You should also include a section detailing the exit strategy of the current owner, explaining the terms and timelines under which the current owner will hand over the business to you.Finally, you also need to include your financial information â" such as assets or financing that you plan to use for the transaction â" to demonstrate that you are indeed capable of purchasing the business.Approach the OwnerHaving researched the business and developed a business plan for purchasing the business, you are finally ready to approach the owner with an offer. If you are already acquainted with the person, you can approach them directly and pitch your offer. If you are not acquainted, you can send an email stating your desire to buy the business.Alternatively, you ca n send an intermediary to speak to the business owner on your behalf. This is a great option when you want to impress the owner. However, you should make sure that your chosen intermediary is a professional who knows what they are doing.When making the initial contact, it is wise to share your resume with the business owner so that they can see how your background is relevant to the business. You should also make it clear that you have no problem signing a non-disclosure agreement before being allowed to look at the documents pertaining to the business and its operations.When you follow the above steps, there are four possible outcomes. The first one is that they accept your offer, in which case you have achieved what you wanted. The second possible outcome is that they ignore your offer.This could be an unspoken refusal, or they could have missed your email. You can follow up after some time to find out whether they missed your email or whether they are not interested in your of fer. The third possible reaction is to receive a weak rejection, which opens up room for negotiation and closing the deal.The final possible outcome is to receive a strong rejection, which means that the owner is not even remotely interested in selling the business. In this case, you can move on to the other businesses you identified earlier.THINGS TO CONSIDER WHEN BUYING A BUSINESSBefore buying a business, you also need to evaluate it to determine whether it will be successful after you take it over. You donât want a business going under a few months after you take over.Once negotiations are underway, ask the business owner to provide you with detailed information about the business and its operations.This information will also help you in valuing the business. You can even bring in a second pair of eyes, such as a business accountant or a business lawyer, to go through the information with you and ensure that everything is in order before you go through with the transaction.So me of the things you should closely look at before signing on the dotted line include: InventoryWhen buying a service based business, you donât have to worry about placing value on the inventory. If the business deals in physical products, however, you have to find out value of the inventory that is in stock.You will need to first conduct a physical inventory to determine the quantities of all products and materials that are in stock.You also need to look at the physical condition of the inventory and think about how you are going to sell the products. If the products are old/outdated or in bad shape, you might have to sell them below their full value, therefore you need to put this into consideration when valuing them.Very often, the inventory will not be worth the amounts shown in the books, therefore it is a great idea to have the inventory appraised to determine its exact value before buying.Equipment, Machinery and Other AssetsWhat equipment and machinery does the busine ss rely on for production? Does the business own these equipment or are they leased? What is their value? When valuing machinery and equipment, you should factor in their current condition as well as depreciation.You also need to find out whether this equipment is tied to any outstanding debt through equipment financing. Assets will also include any real estate owned by the business. Assets may also include any non-physical but valuable goods owned by the business, such as the brand, goodwill, patents, and trademarks.Valuing this intangible assets is a lot more challenging compared to tangible assets, and should be done with the help of a qualified business valuer.Financial DocumentsExamine all the financial documents associated with the business you want to buy. These include sales records, financial statements, all accounts payable, all accounts receivables, tax returns, and so on. Going through these documents will give you a clear picture of the businessâs overall earning power and a feel of the cash flow within the business.Financial documents can be a bit complex sometimes, so it is a great idea to enlist the help of an accountant who is familiar with that type of business to help you make sense of the documents.Legal Documents and ContractsThoroughly examine any document that is legally binding to the business.These include employee contracts, leases, sales contracts, purchase and distribution agreements, and so on. Going through these documents ensures that you are aware of what exactly you are getting into.You should also look at documents like articles of incorporation, business registration documents, patents, registered trademarks, and so on.This will give you a good picture of where you can do business or not, the structure of the business, as well as any intellectual property that you will have access to after buying the business.Outstanding Debts and List of LiabilitiesVery often, businesses operate using loans and debts. While this is not a bad thing, you want to make sure you know about any existing debt before you take over the business, since the debt will be transferred to you after you buy the business.Confirm whether there are suppliers and other business partners who are owed by the business.You should also confirm whether any of the business assets, such as equipment, capital, or accounts receivables are tied to any loans. You also need to confirm whether any of the businessâs assets have been put on lien by creditors.Location, Market and CustomersIt is also a good idea to get a feel for the businessâs location (for brick and mortar businesses), market and customers. Where is the business located? What other businesses are in the surrounding area? Are there any competitors nearby?What is the market for the products like? Who are the businessâs greatest customers? What are the customer patterns? When does the business have the highest sales? Does the business rely on new or repeat customers? Do the customers pay in full or on credit?Finding the answers to these questions will help you determine whether the business is right for you and whether it will survive after you take over.For instance, if the current owner has built great relationships with customers, making the customers loyal to him rather than the business, you might lose a huge portion of these customers after you take over the business.WRAPPING UPBuying an existing business is a great way to become a business owner without having to go through the struggles and challenges of building a new business from scratch. Once you decide to buy a business, however, donât go for a business that is already on sale.These businesses are usually on sale because they are not doing so well. Instead, identify a business that is not on sale but one that aligns with your goals and objectives, research about it, and then approach the owner with an offer to buy.
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