Saturday, March 14, 2020

Work-Related Project Analysis Essays

Work-Related Project Analysis Essays Work-Related Project Analysis Essay Work-Related Project Analysis Essay Work-Related Project Analysis Part 1 The analysis of a project is the breakdown of how a system interacts and works within all related components. A project analysis is the first step to designing any new changes for an organization. Systems analysis is (1) the survey and planning of the system and project, (2) the study and analysis of the existing business and information system, and (3) the definition of business requirements and priorities for a new or improved system. A popular synonym is logical design. Newton, 2013) An organization performs an analysis of an existing system to decide if changes will benefit the daily operations. The analysis performed must be accurate and reliable. Information Gathering There are many methods used to perform an analysis. The gathering of information is critical to implementing the right changes an organization may need. If the wrong information is gathered, the organization may waste time and money implementing a new system that either does no t work or is useless to the operations of the organization. Organizations need to know the correct billing and coding functions are being used on a daily bases. They may choose several different ways to gather information to ensure the facility compensated is gaining the maximum benefits. Physicians frequently miss home health charges. The laws governing each state have requirements a physician must abide to bill time for plan over site. Physicians need ways to keep track of who is eligible for home health. The physician also needs to monitor how much time is involved during a 30-day period. Interviews Interviews are one of the most common means to gather information. It is beneficial to the analysis to gather this information directly from those individuals who will be utilizing the new system. The interviews need proper planning and focus on each area of specialty. The best questions to ask are open-ended questions. These inquiries force the participant to give more information than just yes or no answers. When interviewing participants analyst should ask questions that enable a complete picture of what stakeholders need to create a system that is useful and cost effective. Questionnaires Questionnaires are a great way to ask questions of stakeholders without a direct face-to-face encounter. Questionnaires create a more relaxed response from participants. This is a great method to use when you have a large organization and need to interview a large group of people. However, one drawback to this method is participants may write responses just to complete the form or not even give a response. Prototypes Prototyping is another method in the arsenal of gathering information. This method based on information gathered and the system created; based on criteria produces a preliminary version. You show this to the client, who then gives you additional requirements. You change the application and cycle around with the client again. This repetitive process continues until the product meets the critical mass of business needs or for an agreed number of iterations (Mochal, 2008). Use Cases Use cases are stories from the actors that describe how the system currently works and â€Å"†¦describe how the solution works from a user perspective† (Mochal, 2008). This method is helpful to analysts by giving a more useful understanding of what the new system needs to do. Using this method requires the analysts to refine the information into a format that shows specific details to outline the structure of requirements needed. Direct Observations Direct observations can be most helpful when the stakeholder does not know how to explain in detail what goes on during a typical daily routine. In some cases, it might be more beneficial to take a ‘hands on approach’ to gain a better understanding of what is required. This method shows how the current system is used and will hopefully light the way to implementing better use of resources. Brainstorming Brainstorming can be most helpful when the organization does not really know what areas need improvement or need a more creative way to perform a desired outcome. Experts in the use of the current system will get together with a project manager and together think of creative solutions to issues the organization is currently experiencing. After all the ideas from the session are, collected management decides what ideas would best provide a solution(s) to issues. Based on these decisions a project manager then creates a proposal. Design Methods Designing a new system takes time and an understanding of what goal the organization is trying to gain. Designing a new home health system to gather patient information, monitor certification and recertification periods, and keep track of plan over site is the goal. Every project manager has to explore all of the possibilities needs to secure the desired goal. Divergence is having an understanding of constraints an organization may face when trying to keep track of the patient load, certification periods, and plan over site. A prototype was implementing to put together a working system to gain a better understanding and create a better functioning system. Building a new system to keep track of areas of interest also need to be sustainable. New systems must be realistic to use and maintain. The sustainability of a new system needs to user friendly. Designing a home health system for the organization will present a visual understanding of what each state will allow a physician to bill for. Analyze and Evaluate The home health system implemented in the organization keeps track of patients that are new to service as well as those who come off service. A scheduled time allotment monitors home health certification 60-day period; plan over site 30-day cycle monitored and billed according to state regulations. Management is ultimately responsible for monitoring these reports. The initial analysis of the new home health system showed a recovery potential of lost money. According to state regulations, the 60-day and 30-day billing cycles utilized are affecting the organization’s bottom-line in a positive manner. The organization suffered a great loss of money before the new system implemented changes. Project managers use three types of monitoring. According to Thomet and Vozza (2010) They happen at different levels of the logical framework and serve different functions: 1) implementation monitoring is operational: it monitors the activities and outputs; 2) impact monitoring concentrates on the immediate objectives; 3) reporting concerns the concrete (narrative and financial) reports that have to be prepared and submitted periodi ¬cally to the main stakeholders, particularly donors. Project manager will ensure the organization’s personnel trained in using the new system are comfortable with the new system. The new system produces a report reminding the billing and coding staff when certain patients are eligible for billing. Conclusion Organizations all over the world work hard to streamline the daily operations. These daily functions affect the bottom line. When an organization is evaluating the internal functions, an analysis helps determine areas that may need adjustments and in some cases a completely new system to meet the organizations goals. This is where an analyst is most useful. An organization performs an analysis of the existing system to determine if changes will benefit daily operations. The analysis performed must be accurate and reliable. The analyst may utilize many different methodologies when gathering the necessary information in order to make the right recommendation. The analysis may contain personal face-to-face interviews, questionnaires, prototypes, use cases, direct observations, brainstorming, or any combination of methodologies. The actual design of an effective new system takes time and understanding. The analyst needs a clear understanding of the organization’s ultimate goal. The final system implementation requires management to sustain monitoring and maintenance. Training the proper personnel is vital to the success of any new system. Management is responsible for monitoring system functions, the impact of the new system on daily activities and reporting any concerns to stakeholders. The new home health system implemented has allowed the organization to recover money that would otherwise be lost. The new system also allows managers to monitor and maintain accurate reliable billing and coding of certification and recertification of patients using home health services. Plan over site also billed with the same accuracy and reliability has recovered and maintained money for the organization. Reference Mochal, T. (2008). 10 techniques for gathering requirements. TechRepublic. techrepublic. com/blog/10things Newton. (2013). Systems analysis. http://newton. uor. edu/courses/sysanades/pdf/ anaintro. pdf Thomet, N. , Vozza, A. (2010). Project Design Manual: A Step-by-Step Tool to Support The Development of Cooperatives and Other Forms of Self-Help Organization ilo. org/public/english/employment/ent/coop/africa/download/coopafricaprojectdesignmanual. pdf. ISBN 978-92-2-124168-3 (web pdf) p 76, 4. 1

Wednesday, February 26, 2020

How the Managers Personality Affects His Management Style Essay

How the Managers Personality Affects His Management Style - Essay Example Moreover, his ability to monitor the internal and external environment factors are also very important for the organisation (Robbins, Coulter 2002). A manager is generally responsible for a project or a team of people and, essentially, must be able to communicate, negotiate and influence. However, these skills can be performed in different ways. A key component of job satisfaction is the relationship between managers and their staff. This, in turn, is influenced both by the people and management styles involved (Which Management Style 2005). In their book "Management", Robbins and Coulter stressed, "Management is the process of coordinating work activities so that they are completed efficiently and effectively with and through other people." They also said that the manager is "someone who works with and through other people by coordinating their work activities in order to accomplish organisational goals (Robbins, Coulter 2002)." Generally speaking, there are four functions of the manager: planning, organizing, leading, and controlling. Planning includes defining the goals, establishing strategies, and developing plans to coordinate activities. Organising includes defining what needs to be done, who will do the job, and how it will be done. The leading function implies motivating and influencing subordinates, and resolving all the conflicts among them. Moreover, the last function of the manager is controlling or monitoring the activities to ensure that they have been accomplished as planned (qtd from Ghazaryan 2002). However, there is an additional liability for manager; that is managing the internal culture and external environment. Managers operate within the constraints imposed by the organisational culture and external environment but they are not powerless; they can still influence the organisation's performance (qtd. from Ghazaryan 2002). The behaviour of the manager should be either an immediate source of satisfaction or a future means of satisfaction for group members. Moreover, a leader's behaviour will motivate employees if it satisfies their needs. This satisfaction is contingent on effective performance of the leader, which includes coaching, guidance, support, and rewards that are necessary for effective performance (Robbins, Coulter 2002). Management styles are depends on behaviour, and behaviours are linked to the manager's own unique personality. "Management style" is a term often used to describe the "how" of management. For a while, it was believed that there were only two basic management styles: autocratic and democratic. An autocratic style is used to instruct and command. Managers who use this style impose their decisions on staff and expect or demand compliance. A democratic style allows decisions to emerge from a consensus (eg, a vote) (Which Management Style 2005). Sad to say, most management styles in many organisations are not supportive to the creation of high performance organizational cultures where ingenuity, creativity, and innovation can thrive, possibly because management is autocratic. In successful businesses or organisations, managers were described as accessible, approachable, consensual, entrepreneurial, empowering, motivating, innovative and trusting.

Monday, February 10, 2020

The General Images and Perceptions of Liverpool from an outsider Essay

The General Images and Perceptions of Liverpool from an outsider (tourist or international student) - Essay Example This paper discusses the many areas of development which Liverpool undertook to grow its economy. The various features of its development have also been elucidated. These, plus those made within her tourism industry has greatly contributed to Liverpools economy and what we see as modern Liverpool of today. As shown in the UK map above, Liverpool, a coastal city lying alongside the north shore of river Mersey, is an important city and seaport of England. The centre of the city forms the nucleus of Merseyside County, and constitutes a part only of the greater Lancashire. The proper city of Liverpool, therefore, makes up for a borough of the metropolitan county of Merseyside forming an irregular crescent along the estuary of river Mersey, only a few miles away from the Irish Sea. The population of Liverpool is 439,476 and its met. area population is 1,362,034. Liverpool city is a large manufacturing and commercial place in England and is the major city of the metropolitan area of Merseyside. Liverpools City Centre district is one the biggest shopping centres in the United Kingdom. Since it lies on the banks of river Mersey it has many buildings that form UKs important landmarks. These conspicuous buildings include the Royal twin-tower Liver Building with each of the tower crested by the "liver bird" sculpture. It was after this mythical bird that the city is known to have been named. The other notable buildings within the premises of commercial area include: Liverpools inner city area is located at the outskirts of commercial center. The centre of inner city, which in the past was considered a suburban area, abounds with many old buildings and houses. Nevertheless, one part of the inner city area also has the Roman Catholic Metropolitan Cathedral; the Liverpool University, and the Anglican Church, while the suburban area now lies outside the inner city. There is a Walker Art Gallery within the Liverpool city, which has one of UKs remarkable collections of

Thursday, January 30, 2020

Development of the Bond Market in Bangladesh Essay Example for Free

Development of the Bond Market in Bangladesh Essay It is a privilege to be here this morning at this pioneering event, and I would like to congratulate the Bangladesh Bank and the Securities and Exchange Commission for hosting the first-ever international workshop on the development of bond market in Bangladesh. Bond markets link issuers having long-term financing needs with investors willing to place funds in long-term, interest-bearing securitiBangladeshes. has both the issuers and the investors in place but it still has not been able to link them effectively through a bond market. The positive effect of developing a domestic bond market on the economy is well-known. On the one hand, bond markets are essential for a country to enter a sustained phase of development driven by market-based capital allocation and increased avenues for raising debt capital. On the other hand, the central position occupied by domestic bond markets in markedly increasing the resilience of a country’s financial system and insulating it against external shocks, contagion and reduction of access to international capital markets is established. Capital markets are essentially about matching the needs of investors with those that need capital for development. Bangladesh has no shortage of both such parties, a young and dynamic population that increasingly wants, and is able to, make provision for lifetime events, to save for children’s education, for the possibility of ill health and ultimately for old age and retirement. On the other side of the equation, Bangladesh has a pressing need for investment resources to bolster its stretched infrastructure resources, to build more power stations, bridges, ports and gas-pipelines to empower the people in the development of enterprise and the creation of jobs. Debt markets are an extremely effective mechanism for matching the long term needs of savers with those of entrepreneurs. Term capital is a precious commodity and it has been a frustration to see the process of long term savings, such as provident funds and life insurance contracts, being invested in short term instruments such as bank deposits, a process we call ‘reverse term transformation’ but we could equally call it â€Å"reverse alchemy† in which the gold of term capital is turned into the lead of short term iabilities. As a development institution it is our goal to establish sustainable capacity. As Bangladesh has led the world in its development of the microfinance industry, you have impressed us all with your ability to mobilize funds for productive purposes at the community level in the villages. What we need to see now is a similar degree of success at the institutional level in terms of mobilizing resources for infrastructure and other uses of long ter m funds. At the World Bank, we would like to help you in this endeavor; it is much more useful that Taka funds are mobilized to fund projects whose sole revenue source will be in Taka. I am sure that it is a shared ambition of us all that Bangladesh should play a larger role in mobilizing its own capital resources and reducing the dependency upon donor institutions such as ourselves. We at the World Bank would like to work with you to this end, so that we can move on from providing infrastructure finance for sustainable development to a higher level of developing a sustainable, national, infrastructure financing capacity. Bond markets in most countries are built on the same basic elements: a number of issuers with long-term financing needs, investors with a need to place savings or other liquid funds in interest-bearing securities, intermediaries that bring together investors and issuers, and an infrastructure that provides a conducive environment for securities transactions, ensures legal title to securities and settlement of transactions, and provides price discovery information. The regulatory regime provides the basic framework for bond markets and, indeed, for capital markets in general. Efficient bond markets are characterized by a competitive market structure, low transaction costs, low levels of fragmentation, a robust and safe market infrastructure, and a high level of heterogeneity among market participants. It is my hope that this Workshop will debate and discuss the various initiatives that are necessary to develop the intermediaries, infrastructure and the regulatory regime so that a vibrant bond market becomes a reality in Bangladesh soon. An important element of a domestic bond market is the government bond market. Development of a government bond market provides a number of important benefits if the pre-requisites to a sound development are in place. At the macroeconomic policy level, a government securities market provides an avenue for domestic funding of budget deficits and avoid a build-up of foreign currency-denominated debt. A government securities market can also strengthen the transmission and implementation of monetary policy, including the achievement of monetary targets or inflation objectives, and can enable the use of market-based indirect monetary policy instruments. The existence of such a market not only can enable authorities to smooth consumption and investment expenditures in response to shocks, but if coupled with sound debt management, can also help governments reduce their exposure to interest rate risk – a situation that is looming large in the National Savings Certificates market, currency, and other financial risks. Finally, a shift toward market-oriented funding of government budget deficits will reduce debt-service costs over the medium to long term through development of a deep and liquid market for government securities. The prerequisites for establishing an efficient government domestic currency securities market include a credible and stable government; sound fiscal and monetary policies; effective legal, tax, and regulatory infrastructure; smooth and secure settlement arrangements; and a liberalized financial system with competing intermediaries. Since pension and life insurance reform helps in the development of government securities market, starting the process of pension and insurance reform now might be prudent because of the time it takes to feel the positive impact of such reforms on the capital market. While some of these prerequisites have already been met, I hope that this Workshop will discuss the initiatives, their prioritization and the time horizon for their implementation, which will be necessary for putting the rest in place. Before ending, I would like to table a few suggestions for consideration in the Workshop. These are: 1. Creating a bond market in Bangladesh will be a long process, and the hard work of many architects, artisans and craftsmen will be required in the construction. I am optimistic that the foundations are now in place and this seminar is going to be one of many uilding blocks that will help create the market framework. This framework must be solid if a bond market is to gain investors confidence and hence allow public and private sectors to raise capital for the much needed investments in Bangladesh. 2. To ease the process, the Government bonds must come first. To increase the attractiveness of these bonds and to ensure their soundness, Bangladesh Bank w ill need to continue its initiatives to develop the secondary market, lower transaction costs and improve upon the market infrastructure to support secondary market liquidity. The Bangladesh Bank has already achieved a great deal to this end in a very short time. It was not so long ago that government debt market trading was effectively zero; now we see a disciplined, organized market taking shape with maturities in traded securities out to ten years. We congratulate the Governor and his team for their achievements in this field and are proud if we have been able to play some small part in support of the Government and the Bangladesh Bank in this success. 3. Banks are invariably amongst the major users of long term debt markets in order to raise long-term subordinate debt to supplement their capital bases. Many regulators now actively encourage the issuance of debt by banks in the local currency market as a step towards the discipline of â€Å"market monitoring† envisaged in the Basel II capital adequacy regime. It is probably the case that the state of the banking system in Bangladesh makes this a medium-term project, however, we have already been presently surprised by the progress we have seen in several fields in terms of banking sector reform and debt market development. A prior requirement to facilitate issuance of fixed income capital instruments is the adoption of international accounting standards, and more effective enforcement of Bangladesh Bank’s supervisory standards. The increased use of credit rating agencies has often accompanied this development, but this can add value only to the extent that the opinion of the rating agencies is valued by the market. We have noted with interest the nascent development of a debt rating capacity in Bangladesh and hope to see this sector rise to international standards. . One other extremely important role that debt markets can play is in the development of the housing finance market, an area of activity where the ordinary citizens need to have access to long-term loans to fulfill their dream of owning their own property. While capital markets can not bring down the price of real estate in Bangladesh, efficient capital markets can make housing more affordable, and more attainable, through extending t he maturity of loans and lowering monthly repayment terms. 5. Not only will a bond market require good financial foundations, but long-term investment institutions will also need to be developed with demand for longer maturity assets. The insurance and pension markets are currently not fully developed in Bangladesh. These markets should be reformed as they are the natural buyers of long-term securities. We understand that the Ministry of Commerce is now in the process of disseminating much awaited investment guidelines which will allow insurance companies to offer more competitive products to their clients by allowing them to invest more productively, and securely, in the capital markets. Reform and development of the pension sector, combined with a new approach to the NSS, should be next on the agenda. 6. The World Bank is already working with the Government and Bangladesh Bank on some of these key issues, and we shall be ready to work further with them within the limits of our own comparative advantage. We have been extremely pleased to see the coordinated approach of the Bangladesh Bank, Ministry of Finance, the SEC and the National Board of Revenue to work with IPDC to bring the first securitization transaction to market in Bangladesh. This has been one solid step towards mobilizing finance for entrepreneurs and has confounded those skeptics who thought that securitization is â€Å"too sophisticated† for Bangladesh. Perhaps those skeptics would benefit from seeing the collected talent and enthusiasm for development gathered here in this room today. We would very much like to hope that the next securitization will be another transaction close to our heart, that of the securitization of a portion of the toll revenues of the Jamuna Bridge. The IPDC loan securitization was a long time in the making and the Jamuna Bridge securitization appears to be following the same path. This is a transaction which all experts agree would have a major positive impact not only on capital market development in Bangladesh, but also in mobilizing taka finance for other strategic infrastructure developments such as the proposed Padma Bridge. We can only hope that the Jamuna Bridge securitization will enjoy the same long term success. To facilitate this process, it would be useful to have designated counterparts from the Government and Bangladesh Bank. Such a crucial market as a domestic bond market needs excellent domestic regulation and supervision if investors and borrowers are not to be disappointed or worse. It cannot be created by outsiders. Along with you all, I am eagerly looking forward to the technical sessions, which have been very well-organized. In conclusion, I would urge the participants to discuss the issues at length and provide some specific recommendations for the Government, Bangladesh Bank, the SEC, and indeed all the stakeholders, which can be implemented immediately. This could pave the path for a well-functioning bond market that can change the existing bank-oriented financial system to a multilayered system, where capital markets can complement bank financing. I wish the workshop and its participants all success.

Wednesday, January 22, 2020

Sectionalism Versus Nationalism and the Era of Good Feelings Essay

After the war of 1812, there was a strong sense of nationalism since the young United States had won a war against the powerful British Army. However, the loss of thousands of southern slaves and the British embargo led both the north and the south to lament over the cost of the war. The time period from 1815 – 1825 that some historians call the era of good feelings was not as positive a time period as the title implies; factions ran rampant on the verge of causing an implosion for our country’s political system. The United States began to dissatisfy some of its citizens and so the concerns of sectionalism, or the split of the country began to arise. There was a continuous riff between the south and the north over a few issues, a major one being slavery. The south argued that the slaves were necessary to support the southern economy. According to document A, the south were angry that the north was creating taxes that hurt the southern economy, thus increasing the need for slavery since they had to make up for the expense of the taxes. The south felt that the north was able...

Tuesday, January 14, 2020

Cash Flow Problems and Solutions Essay

Sharma and Ryan are planning to share ownership of the business SIGNature Ltd. The business will manufacture plastic road signs for builders, tourist attractions and local councils. It is imperative that the business are continually monitoring and controlling their cash flow if they aim to survive, specifically making sure there are sufficient funds to cover immediate spending. However, SIGNature Ltd. should avoid holding too much cash as this is an unproductive asset, as the business could lose out on the possible profit from investing in the cash. Many businesses produce regular cash flow forecasts, listing all likley receipts (cash inflows) and payments (cash outflows) over a future time period, in this case 12 months. SIGNature Ltd. decided to invest  £12,500 each of their own money into the business totalling at  £25000 altogether, an adequate amount of money to start off the year, however; looking at their closing balance of  £5,556 this investment could have been much hi gher, the business were aware of their costs for this month of  £135,443 – a considerable sum of money to be coming out of a start-up business in the first month. The main issue with these high outgoings is the slightly low opening balance for February, which could have been avoided if precautions had been taken such as investing more money into the business or perhaps spreading the costs. In addition to the capital introduced Sharma and Ryan were granted a bank loan of  £80,000, a fairly large sum which aided the funding of machinery at  £85,000, fittings and fixtures at  £20,000 and insurance at  £1,000 totalling at  £106,000. With the uncertainty of sales these large payments in the first month may have negative results for the months to come if their sales do not meet targets, possibly landing the business into debts that will have to be repaid through external sources of finance, which will in turn incur additional borrowing costs adding pressure to the situation. Their available bank overdraft of  £20,000 could be considered, however, this would mean additional debt and additional creditors to repay, the business would then n eed to find ways of raising money themselves using the money borrowed, in order to repay all debts successfully – this would be unlikely to work as it would take time,  resources and money putting extreme pressure on the business. Many business over borrow to finance growth, increasing interest costs which not only threatens the businesses cash position but the overall control of the business. It is important for Sharma and Ryan to fund growth in a balanced way; additional funds could have been invested through savings, Sharma and Ryan could have looked into accessible external sources of finance by for example seeking financial support from family and friends who would be interested in making an investment into the business. It appears that the business invested too much on fixed assets in the first month as the initial stages of a business’ funds are limited. Spending large amounts of money on equipment, machinery and other capital items can drain resources; Sharma and Ryan should consider lease some of these fixed assets such as the machinery, leaving sufficient cash funds. Receipts are lowest in February than any other at  £41,556, a possible result of the lower opening balance from the previous month’s outgoings. Sales remained the same at  £30,000, while regular costs remained the same, including salary payments of  £6,333 in total; this may have potential effects on the business and its profit, by paying the same outflows while receiving low inflows can cause the business to eat into turnover and therefore their profits. Other payments could also be investigated, such as their courier for example, their payments of  £1,500 seem extortionate, reducing the working capital the business have available to spend on daily activity and pay expenses. This may be an example of poor financial management, an inexperience in managi ng cash or a poor understanding of the way cash flows in and out of their business may lead Sharma and Ryan into problems. For example if a business were to spend heavily just before it receives cash from their customers who have bought on credit it is likely to face problems. It is not wise to spend cash when it is not definitely there. It will help SIGNature Ltd. to save cash if they were able to delay paying their courier for services they have already bought, the courier may also be able to extend their credit period (if any) from 30 to 60 days for example. However the business should be careful that the courier do not withdraw their credit facilities and refuse to transport the business’ goods if they are waiting too long for payment. Alternatively Sharma and Ryan could look into other courier services, comparing prices on the market in order to find a company that will transport their goods at a  lower cost; leaving additional cash funds to support other business activity. Additional action that could be taken includes reducing the personal drawings from the business, owners who regularly take cash from the business could attempt to take less. Living expenses may be an issue to consider, however, making a reduction in drawings taken could reduce the amount of money that leaves the business. March sales are again  £30,000, with the addition of  £10,700 incurred in quarterly costs including payments to HMRC and telephone bills while advertising payments have risen by  £500; the result of these costs mean the closing balance drops to  £7,970 from 12,113 in the previous month, possibly impacting on April’s cash flow if sales do not rise as expected. In addition to this Ryan and Sharma are continuing to pay themselves as well as their two staff, raising costs by  £3,166 which could be spent on other aspects of the business while continuing to pay the same rates for all other costs; consequently their outgoings for the month total at  £40,143, a higher than optimum total. Businesses are subject to unpredictable external forces, meaning they must make financial provision for any unforeseen expenditure. Equipment breakdowns, tax demands, strikes and bad debts are common examples of emergency expense. In the early stages of business development it is more likely that business owners are affected by unforeseen expenditure due to lack of experience or insufficient planning. For Sharma and Ryan, it is very important they take these factors into account when financing their business, their current poor financial management could lead them to additional expenses they are not able to afford and could possibly have long-term effects on the business which will be hard to recover from. In order to raise funds SIGNature Ltd. may consider stimulating sales for cash, many business can generate cash by offering large discounts for customers who will pay in cash, reducing the amount of time waited to receive cash from sales to cover any emergency costs incurred. Sharm a and Ryan could simply delay payments, keeping this cash within the business for a longer period of time and only paying when put under pressure by creditors. Although this may be acceptable in many cases, the business should be cautious to make HMRC payments upfront to avoid future issues such as the loss of assets or additional costs as a result. Sometimes it may be possible to sell stock of raw materials, components or unfinished goods for cash. To  generate cash quickly at lower cost if necessary, however, stocks such as road signs and their materials are specialised so may prove difficult to sell. They may consider selling to collectors of plastic, although this may not generate enough to benefit the business. April and May’s sales are to rise to  £37,000 as do purchases, going from  £13,500 to  £16,650 which could impact on profits after costs are deducted, spending although sometimes necessary can have negative effects on the business inflows. While costs cons ist of mostly mandatory payments, heat and lighting remain at  £500; the approaching summer months and likely hot weather suggest that this month’s bill should be considerably lower as days become longer at beginning of spring meaning more heat and light will be naturally generated, spending cash on these bills when they are not required is an example of financial mismanagement possibly leading to additional finance issues due to lack of cash. The business should focus on making only essential purchases, postponing or cancelling nay unnecessary spending and only buying resources when required. The business should consider ways to utilise natural light effectively in order to save energy, and costs as a result; an example could be the installation of solar panels, in addition to this the temperature in this month should be higher and therefore no need for the business to be paying the amount they are for heating. Other ways to gain or regain cash involve putting pressure on customers to pay back what they owe more quickly. Allowing customers to receive trade credit can benefit as they will appreciate the extra time to pay for purchased goods, however as SIGNature’s customers are often other business they may take advantage of this act of goodwill in resistance to repay the business when asked. Therefore the business should be wary when trusting a customer with this service, as they may not repay as result of pressure and it could lead to them simply resorting to finding another supplier. June’s sales remain at  £37,000 while the second quarterly costs are du e, HMRC payments have risen to  £12,210 as a result of higher company purchases. Total outgoings for this month are  £46,233, this is higher due to aspects of outgoings such as the addition of  £300 in telephone charges,  £500 additional advertising costs and the continual payment of heat and lighting bills of  £500. Other than this the business do not seem to be taking action against managing high costs (such as the courier for example), this demonstrates a reluctance to adapt to new  situations. When dealing with their business, Sharma and Ryan should be evolving, and adapting their business to meet current demands; what suited the business three months ago may not apply currently. Sharma and Ryan may think about introducing fresh capital this month in order to improve cash flow, they may be able to use savings or take out loans using personal possessions as security. As a small business, SIGNature Ltd. may be able to friends and family to invest in it; another possibility could be the acquiring of a new business partner to add to existing funds, in addition they may be able to offer their expertise or a fresh way of thinking which could improve the business further. July to September’s sales rise to  £41,000, a  £4000 increase from April to June’s sales and an  £11,000 increase from the beginning of the year’s sales; inflows are appearing positive by this quarter, with outgoings remaining almost the same with the exception of higher purchases, the businesses profit margin has risen significantly. Sales have noticeably continued to rise after the end of each quarter when an additional  £500 is invested into advertising, from this I can say it is clear the business has potential to improve further from the use of advertisement in order to raise brand awareness and attract new and existing customers to continue using the ir business. It could be that the ‘in-between’ months are not being put to best use, if Sharma and Ryan were to more regularly invest in additional advertisement it could be that the business sales would continue to rise. From this pattern it appears their inexperience holds them from reaching full potential at the rate they could if they were to consult others (such as potential investors, or any associates within the industry for example) who may be able to offer advice or assistance. Another possible alternative as previously mentioned could be the introduction of an additional business partner, preferably one already involved within the industry, to offer their expertise through knowledge and experience while contributing a new take on the running of their business. If reluctant to allow another person have a say in the running of their organisation, there is the possibility of acquiring the new partner as a ‘silent partner’, allowing Sharma and Ryan to gain funds and guidance on the running of their business without the possible disagreements on actions taken during daily activity, which in turn would reduce any stress this may have caused while benefiting from the extra help they would receive. From  October to December sales deteriorate to  £25,000 with bills remaining this reduces profit margins; however, opening and closing balances continue to total at over  £50,000, these large sums of money remaining each month appear positive when looking at the cash flow forecast, although this is known as an unproductive asset. The money left over at the end of the month should be banked or invested, in order to gain money from either interest earned or profit received from investment; the money lost from holding the cash could set the business back from what they could have earned if they were to have invested their money. Although many businesses try to sustain demand for their products, there may be times when it falls unexpectedly. Changes in spending habits could lead to a fall in demand, leading to fall in cash sales flowing into the company; oftentimes, trade fluctuates for seasonal reasons as it appears to have done in this case. To avoid this precautions can be taken , for SIGNature Ltd. it is thought their business would continue to strive in winter due to the nature of the organisation, additional warning road signs are likely to be needed as a result of harsh weather conditions, form this I can say that the business would be wise to invest in additional advertisement for the winter months in order to boost sales. In addition to this they may be able to provide discount in order to promote their product. This situation requires careful management of the summer months in order to regulate the winter months, although it is possible to predict these changes. In conclusion I can say that there are many issues SIGNature Ltd. could face as a small start-up business, due to varying factors; some of which include their lack of experience in both the industry and the running of a business, despite this there are many courses of action they can take in order to improve and grow their business. In my opinion the furthering of their business could be achieved through the better management of their spending, in addition to the alteration of their operation; there were a number of outgoings the business were continuing to pay when perhaps they could have found a cheaper alternative, while when possessing large sums of money, were not taking action to make use of this. As new business owners, the partnership should work on the evolution of their business by finding new ways to do things to ensure their organisation is reaching full potential by increasing profit margins through the cutting of costs and in some cases, the spreading of them in order t o achieve economies of scale,  which could benefit Sharma and Ryan greatly.

Monday, January 6, 2020

Graduation Speech - Original Writing - 1607 Words

This was the first week of school and I completed this thesis quite hurriedly. I was NOT prepared for the amount of summer reading (AP History, English, and Sacraments), so I ended up spending most of the first week in a zombified state of sleepwalking from class to class. I was taken aback when I accidentally submitted two versions of the assignment to Poll EV and both were voted to the top of our class. I hadn’t much time for proofreading and I barely remembered what happened in the novel at that point due to the fact that I was going on about half an hour of sleep. As for the actual thesis, I look back on it fondly. It isn’t my best piece of writing by any means, but I often refer to the standards you set for us as a guide: original,†¦show more content†¦I had no idea what to expect for a grade because I wasn’t yet familiar with your system, but talk from other students had me worried. â€Å"Oh man, Mr. Damaso is a real toughy on those comic projects,† was a commonly uttered phrase. Getting a 90 was a big confidence boost. I spent a lot of time on this because it interested me and a solid grade was an encouraging affirmation. In several categories, I believe this to be my most accomplished work. In others, however, it seems to be my most immature as a writer. For example, the introduction paragraph is a personal favorite, full of scope and depth. Then there is the ending, which contains the dreaded phrase, â€Å"[i]n conclusion,† which may very well be the definition of laziness with a pen. My original plan for a motif was â€Å"music† but your emphasis on originality pushed me towards something more personal. I assumed when I elected to write about my brother that I would have to force profound moments and intricacies. Instead, I discovered more than I ever would have expected about our relationship. As I said in my response to your comments, I intend to return to this in the future â€Å"Look on my works ye Mighty, and despair,† by Ozymandias, King of Kings. What an intriguing pseudonym and title I used for this one†¦ foreshadowing for Poetry Out Loud? In all seriousness, this essay was a mess. Achingly, it has incredible potential. As you said on Canvas, each paragraph needs additional analysis to be great. I