Unit 16: Business Enterprise Assignment 1 â?? â??Starting your own businessâ?? Purpose The purpose o

Unit 16: Business Enterprise

Assignment 1 — ‘Starting
your own business’

Purpose

The purpose of this
assignment is to provide a framework within which the learner can:

ü Understand how to prepare
for business
ü Know how different aspects
affect preparation for business
ü Understand how to start and
run a business

Scenario

You
have recently completed a 1 year business course at North West Kent
College, which you
enjoyed very much. The course has helped you to decide what you want to do with
your future. You have decided to put you new business skills to good use and
start your own small business. There is a lot to consider when starting your
own business but you are confident that you have the knowledge and
understanding to succeed.

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Task 1a

Your first task is to
identify your personal strengths that will help your business succeed and your
weaknesses that you will need to address or overcome. You complete a SWOT
analysis and written report that will include:

·
Your
strengths, your weaknesses, any opportunities you have for starting a small
business and any threats that may affect your business
·
An
explanation of how having knowledge of your strengths and weaknesses can be
applied to preparing for and contributing to a business

(This
provides evidence for P1)
The hand in date for P1 is 3rd
February 2012

Task 1b

To meet the Merit criteria you
need to extend your written explanation to include a description of the
benefits of starting a business providing examples that are relevant to your
own business idea.

(This provides evidence for M1)

Than hand in date for M1 is 20th
April 2012

You
may want to consider the following:

Own strengths and weaknesses: personal circumstances, experience,
skills, knowledge and abilities; areas for development or improvement;
suitability for self-employment or a small business

Contributing to a business: own contribution e.g. personal
time, money, space, ability to contribute to and run a business; personal savings;
availability of time; impact on working and personal life; barriers to
starting/running a successful business; professional help

Benefits of running a business: personal objectives; business
objectives; profitability of the business; other considerations e.g. impact on
personal and working life

Task 1c

To meet the Distinction
criteria you need to extend your written explanation even further to provide an
evaluation of the issues that need to be considered when starting a business.
Your evaluation should include;

Advantages and disadvantages of
your strengths and weaknesses and how these would affect your business
start up
Advantages and disadvantages of a
business plan and how these would affect your business start up
Advantages and disadvantages of
the sources of advice and how these would affect your business start up

(This provides evidence for D1)

The hand in date for D1 is 18th May 2012

Task 2a

You now need to decide on
your small business and conduct some research into legal and financial barriers
that would affect your chosen business as well as how you would market and sell
your products/services. Your small business must be realistic to your
circumstances. Create a PowerPoint presentation that includes the following;

A list of the regulations and
laws that will affect your business
A description of how you would
prepare to market and sell your products or services
A description of the financial
issues that could affect preparation for your business

(This
provides evidence for P2, P3 and P4)
The hand in date for P2, P3 and P4 is
2nd March 2012

Task 2b

To meet the Merit criteria,
extend your PowerPoint presentation to include an analysis of the different
aspects (legal, financial, marketing) that will affect preparation for your
business. You need to explore advantages and disadvantages of the different
aspects and analyse with some detail how exactly they would affect your
business.

You must also, explain the
purpose of each component of the business plan and give an overall explanation
as to why business plans are needed. You must evaluate your own business plan
and make suggestions for improvement.

(This provides evidence for M2)

The hand in date for M2 is 4th May 2012

You
may want to consider the following;

Regulations and laws for small
businesses: legal status e.g. sole trader,
partnership, limited company; process for starting a business legally;
regulations; licences; formal records e.g. leasing arrangements, tax returns,
health and safety; keeping and submitting business records; the importance of
completing and keeping correct records

Marketing and sales: reaching and retaining customers;
customer care; marketing information; market research; analysing and meeting
customer needs; competition; building
customer relationships; cost and
price of products or services; promoting products or services; unique selling
points; selling techniques; personal selling; environmental issues

Financial issues: sources of finance; start-up costs;
operating expenses and income; organising and controlling expenses and income;
cash flow forecasting; records; external organisations e.g. HM Revenue and
Customs, measuring financial success e.g. costs and income, profits, assets,
financial state of a business; financial priorities; risks e.g. losing money,
security of income, changes to financial situation

Task 3a

You now have a clear idea
of your business, and you need to present these ideas to the stakeholders. In a
suitable written format, such as a report, present your business plan, which
should include;

Your business idea including;
business name, logo, slogan, your USP
A description of the
products/services you hope to sell/provide and an explanation as to how
you would present these to your customers
A description of your target
market (customers) and their needs
A forecast of your sales targets
Market research techniques that
you plan to carry out
A week by week break down of the
work that needs to be done before your business starts trading
A list of the materials and
supplies that you will need before you start trading
An explanation of the sources of
advice and support you plan to use

(This provides evidence for P5
and P6)

The hand in date for P5 and P6 is 23rd March 2012

You
may want to consider the following;

Business plan: the business idea; products or
services; possible customers; customers’ needs e.g. when and where they want
products or services, where and when a product or service can be sold; sales
targets; the need for forward planning

Starting and running a business: the needs of a business; research
techniques; planning techniques; controllable and uncontrollable aspects;
timing; what work needs to be done to start and run a business; materials and
supplies

Advice and support: business support, e.g. people,
agencies and organisations offering advice or help, funding and financial
support, technical support, education and training available

Task 3b

To extend your business
plan to meet the Distinction criteria you need to make a justified
recommendation for your business start up, based on the evidence from all the
tasks so far. You may wish to recommend that you do not proceed with starting
your business; this is acceptable as long as you justify your reasons.

(This provides evidence for D2)

The hand in date for D2 is 25th
May 2012

You are working in an Accounting, Finance and Business Advisory company as an investment advisor. In

You are working in an Accounting, Finance and Business Advisory company as an investment advisor. In this profession you are required to use numerous statistical data to advise your clients according to their individual circumstances and preferences. One of your clients (your trainer and assessor) wants to make an investment of $ 1,000,000. The options your client is considering to make the investment are as follow:

a.   Making investment in Australian shares

b.   Buying a café for $1,000,000 that will have a turnover of $ 450,000 and net profit of $18%.

c.   Buying a household goods retailing store- having turnover of $1.2 million and net profit of 10%.

d.   Buying a departmental store having turnover $ 1.8 million and net profit 4%.

Before making investments, your client wants to find out the best option where he can invest his money to get maximum returns.

Consider the following scenarios:

Considering that the client's business will follow the industry trends from September 2017 for all the options, the statistical data are as follow:

Scenario 1: Investment in Australian Shares (option a)

·        ASX Ordinary Indexes reflects the trends in Australian share market. Numerous data can be used form ASX website to analyse Australian shares.

To obtain information on all the ordinary indexes, you can also refer to the following hyperlinks:

1.   Yahoo Finance http://au.finance.yahoo.com/

2.   Fairfax Trading Room http://www.tradingroom.com.au/apps/qt/index.ac

Scenario 2: Buying a Café (option b)

·        In current prices, the trend estimates for Cafes, restaurants and takeaway food services fell 1% in 2017 and continue to fall by 1% in 2018 and then there will be a rise by 2% per year for next 4 years.

Scenario 3: Buying a retail store for household goods (option c)

·        In current prices, the trend estimates for Household goods retailing fell 2% in 2017 and continue to fall by 2% in 2018 and then there will be a rise by 5% per year for next 3 years.

Scenario 4: Buying a Departmental store (option d)

·        In current prices, the trend estimates for Department stores fell 0.5% in 2017 and continues to fall by 1% until the end of 2019 and then there will be a rise by 2.5% per year for next 3 years.

For detailed information on retailed trade statistics in Australia, refer to the link provided below:

http://www.ausstats.abs.gov.au/ausstats/meisubs.nsf/0/3FFBE958D831F1D6CA2581CC000D2200/$File/85010_sep%202017.pdf

Required:

Task 1: Using the Ordinary indexes for the investment in shares (option a), predict what will be the average return per year will be on your client's investment for five years year ending December 2022. Assuming that the client invested the returns (profits) for the initial two years but not for next three years.

California geograph and history:Dust Bowl Myth and Fact Click here for more on this paper……. Click..

California geograph and history:Dust Bowl Myth and Fact

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Write a short essay entitled, “Dust Bowl Myth and Fact”. In this essay you must recount five ways in which popular notions (contained in Grapes of Wrath, WPA photography, etc. ) about the Dust Bowl migrations are not accurate.

You need read dust bowl odyssey. Click here for more on this paper……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted

After you have read it, then answer the questions below to help you assess your retention of the reading.

The second page of this assignment will permit you to upload (or copy and paste) an essay in which you use the information in the research paper to construct an argumentative essay regarding the mythologies surrounding the California migrants of the early 20th century. Complete instructions are on the second page of this assignment. Click here for more on this paper……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted

Background: The ability to do some rudimentary historical and/or spatial thinking has been shown to improve teacher quality. Part of such thinking stems from the epistemological question “How do you know what you know?” To this end, this exercise has been developed to help you gain some skill using primary sources. Mythology is one of the most powerful forms of historical knowledge. Responsible historians and geographers are always wary of that which “everyone already knows”, because such “truths” may be not only be very wrong, but are very difficult to dislodge from public perception. Click here for more on this paper……. Click here to have a similar A+ quality paper done for you by one of our writers within the set deadline at a discounted

The following are standardized mortality ratios (SMRs) for lung cancer in England: Based on these…

The following are standardized mortality ratios (SMRs) for lung cancer in England: Based on these SMRs alone, it is possible to conclude that a. The number of deaths from lung cancer in carpenters in 1949-1960 was greater than the number of deaths from lung cancer in bricklayers during the same period b. The proportionate mortality from lung cancer in bricklayers in 1949-1960 was greater than the proportionate mortality from lung cancer in the same occupational group in 1968-1979 c. The age-adjusted rate of death from lung cancer in bricklayers was greater in 1949- 1960 than it was in 1968 1979 d. The rate of death from lung cancer in carpenters in 1968- 1979 was greater than would have been expected for a group of men of similar ages in all occupations e. The proportionate mortality rate from lung cancer in carpenters in 1968-1979 was 136 times greater than would have been expected for a group of men of similar ages in all occupations

Using Exhibits 13-1, 13-4, and 13-10, develop the flowchart for the Albany Outpatient Laser Clinic..

Using Exhibits 13-1, 13-4, and 13-10, develop the flowchart for the Albany Outpatient Laser Clinic study in the opening vignette.

Worldwide sales of mobile phones are a multi-billion dollar business. There is severe competition…

Worldwide sales of mobile phones are a multi-billion dollar business.  There is severe competition among the major manufacturers to attract higher sales and greater market shares.  To achieve this, companies compete with each other on prices. However, for many customers, price may not be as important as the perceived quality of the phone, especially as many phones are offered at “zero price” under various plans and contracts from service providers.

Decision makers and markets at mobile-phone manufacturers would like to know what features of a mobile phone are important to consumers. This would be especially important in helping to design effective marketing and advertising campaigns. A review site reviewed 29 recent models of mobile phones and gave a score out of 100 points. Several characteristics of the phone including pixel density, battery life, whether the phone had a fingerprint scanner along with the operating system were included in the table.

A. Calculate the descriptive statistics from the data and display in a table.  Be sure to comment on the central tendency, variability and shape for Score, Pixel Density and Battery Score . How would you interpret the mean of dummy variables such as Fingerprint or Android?

B. Draw a graph that displays the distribution of review scores.  Be sure to comment on the distribution.

C. Create a box-and-whisker plot for the distribution of Battery Scores and describe the shape.  Is there evidence of outliers in the data?

D. What is the likelihood that a phone will receive a rating higher than a 70 if the battery score measure is greater than a 70? Is the phone rating statistically independent of the battery score?  Use a Contingency Table.

E. Estimate the 90% confidence interval for the population mean review score of phones.

F. Your supervisor recently stated that older mobiles typically had a battery score of around 50, but have recently been improving.  Test his claim at the 5% level of significance.

G. Run a multiple linear regression using the data and show the output from Excel. Note : exclude the dummy variable “iOS” when running the multiple regression. Also, remember to tick all the graph options which may help you answer Part N.

H. Is the coefficient estimate for the Battery Score statistically different than zero at the 5% level of significance?  Set-up the correct hypothesis test using the results found in the table in Part (G) using both the critical value and p-value approach.  Interpret the coefficient estimate of the slope.

I. Interpret the remaining slope coefficient estimates. Discuss whether the signs are what you are expecting and explain your reasoning.

J. Interpret the value of the Adjusted R 2 . Is there a large difference between the R 2 and the Adjusted R 2 ? If so, what may explain the reasoning for this?

K. Is the overall model statistically significant at the 5% level of significance?  Use the p-value approach.

L. Based on the results of the regressions, what other factors would have influenced the review score?  Provide a couple possible examples and indicate their predicted relationship with the review score if they were included.

M. Predict the average review score of a phone with a pixel density of 400 ppi, a battery score of 90 that has a fingerprint scanner and uses Windows if it is appropriate to do so.  Show the predicted regression equation.

N. Do the results suggest that the data satisfy the assumptions of a linear regression (that is, Linearity, Normality of the Errors, and Homoscedasticity of Errors)? Show using residual plots, normal probability plots and/or histograms and Explain.

O. Would these results tell us anything about the average satisfaction that users have with the features of their phones?  If not, describe a scenario in how you would construct a sample that reflects users’ satisfaction.

Assignment Format3. Spacing 1.5 with font size 12 using Arial script and justified.4. Include page n

Assignment Format3. Spacing 1.5 with font size 12 using Arial script and justified.4. Include page number.5. Include aReference Pageat the end of your assignment.6. ANSWER ALL THE QUESTIONS.Question 1Walmart is a multinational retail corporation. The company was founded by Sam Walton in 1962. In fiscal year 2014, Walmart has generated sales of approximately US$473 billion. In addition to this, the company has a credit rating of AA. It has produced a strong balance sheet and the business consistently generates robust cash flows. Walmart employs 2.2 million associates worldwide. Each week more than 245 million customers and members visit nearly 11,000 stores in 27 countries.Discuss the potential issues that Walmart will face operating in 27 countries.(10 marks)2Question 2Assume that Walmart can borrow either US$20 million or €20 million. The current spot rate of the euro is US$1.13. In addition to this, Walmart expects the spot rate of the euro to be US$1.10 in 90 days.The following information is related to U.S. and European annualized interest rates: CurrencyBorrowing RateLending RateU.S. dollar (US$)7.20%6.73%Euro(€)7.28%6.80%What is the expected profit or loss should Walmart engages in this speculating strategy?The following questions (3) to (5) are related.Question 3Create an idea for your own multi-national corporation (MNC) to conduct international business. Your idea should be simplified to the degree that you could possibly implement it someday. However, your idea should also be sufficiently creative to be successful if done properly. Your idea should focus on one country and one foreign currency, since many MNCs are focused in this manner when they are first created. So that you can recognize the issues regarding exchange rate risk that are discussed throughout this text, you should assume that you will receive foreign currency when selling your product. Your idea should be for a small MNC instead of a large MNC because even most large MNCs began as small firms. The following questions will help you define your MNC idea:a. What is the product that you plan to sell?b. What foreign country do you plan to target?c. How will you sell the product in that country? (i.e., through a distributor? by mail?)d. Is there some evidence that consumers in that country would buy this type of product?e. Do you need to purchase supplies or to hire labor?f. Will any expenses incur from producing the product be in Singapore dollars or some other currency?(3 marks)3Question 4.Identify three factors that can affect the balance of trade between the United States and the country that you can targeted for your business and explain how each of these factors may affect the demand for your product.(6 marks)Question 5Review three import controls set by that country’s government. Determine whether your business would be affected by trade regulation and why(6 marks)Total 30 marks

Power Point presentation on a health disparity A health disparity is a difference in outcomes…

Power Point presentation on a health disparity

A health disparity is a difference in outcomes between different groups. This might be due to population genetics, gender, age or socioeconomic status

The Power Point will consist of

Introduction of the health disparity

Identify the objective of the PowerPoint

Define the health disparity

Epidemiology the health disparity

Use rates, incidence, prevalence and specific rate to describe the population

How would you plan for community change

Health planning

Community assessment

Community partner

Identify the intervention

Identify the cost of the intervention

How would you evaluate the community intervention

The Power Point cannot be less than thirty slides in total.