Case Study of Prostitution Essay

Has overall responsibility and accountability for providing direction in the area of treasury services, accounting services, or procurement services. This position has discretion in establishing overall operating policies and procedures for assigned QUALIFICATIONS Bachelor’s Degree in accounting, finance, business administration or related field. Relevant experience may substitute for the degree requirement on a year-for-year basis. Eight years of progressively responsible, professional experience related to area of assignment at a management level. Depending on area of assignment, Certified Public Accountant Certification or Certified Purchasing Manager Certification may be strongly preferred or required. KNOWLEDGE AND SKILLS Knowledge of: †¢ Managerial principles; †¢ Financial principles and practices in assigned areas of responsibility; †¢ Budgeting principles and practices; †¢ Applicable federal, state, and local laws, rules, regulations, and ordinances; †¢ Non-profit/college fund accounting systems and principles; †¢ Advanced internal control practices; †¢ Advanced financial analysis principles and methods; †¢ Strategic planning principles and practices;. Demonstrated Skill in: †¢ Coordinating activities with other internal departments and/or external agencies; † †¢ Developing and monitoring budgets; †¢ Managing large, complex governmental financial systems; †¢ Preparing and reviewing reports; †¢ Interpreting and applying applicable Federal, State, and/or Local laws, rules, and regulations; DUTIES AND RESPONSIBILITIES 1. Plans, organizes, maintains, and manages the processes and operations of multiple functional areas within Finance. Manages the activities of assigned areas to include: planning, implementing, administering and evaluating projects and services impacting College operations from a Finance perspective. 2. Develops, recommends, and administers policies, procedures, and processes in support of Finance operations in assigned areas of responsibility; implements and monitors compliance with approved policies, procedures, and processes, ensuring alignment with College mission, values, goals and objectives and local, state, and federal laws and regulations. 3. Develops, recommends, and administers policies, procedures, and processes in support of Financial Services operations; implements and monitors compliance with approved policies, procedures, and processes. 4. Supervises administrative services professionals, paraprofessionals, and technical/support staff and performs both direct and indirect supervision through subordinates. Hires, evaluates, trains, disciplines and recommends dismissal of staff as necessary. 5. Prepares financial management reports for various College programs, reviewing financial data to ensure compliance with applicable local, state, and federal requirements and Generally Accepted Accounting Principles. Researches, analyzes, and interprets applicable laws and regulations relative to assigned areas of responsibility; makes recommendations based on findings. The Customer business Relationship division is responsible for the planning, successful execution and follow up for a diverse range of customer retention campaigns, along with producing their annual budget, monthly forecast, and other business reporting as required. The CRM will carry out innovative and sometimes complex projects to their completion, and thoroughly analyze maturing data in order to make sound recommendations for next steps that aim to improve our financial results. Responsibilities †¢ P&L: Responsibility for reaching or exceeding budgeted financial goals in one or more of our key customer retention categories – saves and reinstatement, customer longevity, load ups, and cross sell – using a variety of communication media including invoice text, inserts, email and telemarketing. †¢ Campaign Planning & Execution: Responsible for conceptualizing and managing a diverse range of customer retention campaigns and initiatives. This includes idea generation and exploration, preparing and presenting proposals, overseeing the creative and production processes and championing successful execution. †¢ Campaign Analysis: Analyze campaign outcomes in detail, using a variety of proprietary software applications. Draw insights and present results clearly to facilitate sound decision making on next steps. †¢ Budget/Forecast: Build a detailed, bottom-up annual budget for areas of responsibility. Supply key inputs to the quarterly reforecast, using the most accurate, up-to-date information available. Be prepared to discuss assumptions used for developing budgets and forecasts. †¢ Special Projects: Participate in a variety of special projects as requested, including explorations of system or process improvements, new retention categories, and joint projects with Customer Service. †¢ Customer Focus: Working with Customer Service, Marketing Services and Operation to develop and maintain a customer-focused attitude toward activities, concentrating on those that most strongly contribute toward improving customer lifetime value. Qualifications †¢ BS degree with major in Marketing required †¢ 4-6 years experience in a direct marketing environment, preferably with experience in both acquisition and retention marketing †¢ Continuity or club experience, including retention and cross selling strongly preferred. †¢ Keen project management skills with an ability to interact with and motivate others to succeed on several fronts simultaneously †¢ Effective verbal and written communication on all levels and both internally and externally †¢ Strong analytical, technical and mathematical abilities †¢ Self-motivated, analytical, quick learner, organized, detail-oriented, multi-tasker †¢ Prioritizes workload and meets deadlines for a variety of marketing â€Å"deliverables† †¢ Demonstrates initiative with a results orientation, while exhibiting strong drive and leadership skill Marketing and communication division —–is someone who works to promote a company’s services or products. Marketing communications managers work in conjunction with advertising and sales managers, helping to generate income for their company. They are employed in a wide array of industries and perform a multitude of tasks. Marketing communication managers also hire, train and organize their staffs. Responsibilities: – Manage the marketing communications function – including communications calendar, brand, PR plan, and content development Develop presentations, collateral, positioning documents and sales tools to support both internal channel Management teams as well as Mobile Access’s VARs, strategic carriers and OEMs o Work with product management to integrate the product roadmap into a communications calendar and translate the new product value in terms of the overall company’s position within the market o Create a Mobile Access style guide and manage company’s brand image and consistency o Translate complex technical solutions in to easy to comprehend marketing messages – Administer the company’s Web-site including overall positioning, content and messaging. – Responsible for managing the Mobile Access Partner Portal – coordinating with the channel program team on content and tool needs – Create and manage direct/indirect marketing campaigns to enable Mobile Access VARs to drive acquisition and embedded base sales – Work with industry analysts and pr firm to build Mobile Access brand presence and recognition – Responsible for event management . QUALIFICATIONS – 7-10 years of experience in marketing and other broad range of marketing and business related roles in technology companies. Broad exposure and holistic understanding of different wireless technologies and/or in building wireless experience is desirable. – Bachelors Degree required – a focus in English or communications is preferred – Must have a writing background and previous experience with creating press releases, marketing collateral and white papers – Experience with managing a Web-site and/or portal, utilizing a CMS like Expression Engine as well as managing the site performance against standard Web metrics – Experience with e-marketing campaigns (Webinars, e-mail, banner ads, search (organic and paid), Web 2.0 tools) – Experience with branding, co-branding and managing a brand delivered via indirect distribution. – High-energy and team-oriented candidate desired- Familiarity with Adobe CS3/4 suite The Retail Division You will be responsible forThe aim of any retail manager is to maximize profit while minimizing costs. Retail managers ensure promotions are accurate and merchandised to the company’s standards, staff is fully versed on the target for the day and excellent customer care standards are met. †¢ Depending on the size of the store, and company structure, retail managers may also be required to deal with human resources, marketing, logistics, information technology, customer service and finance. managing and motivating a team to increase sales and ensure efficiency; †¢ managing stock levels and making key decisions about stock control; †¢ analyzing sales figures and forecasting future sales volumes to maximize profits; †¢ analyzing and interpreting trends to facilitate planning; †¢ using information technology to record sales figures, for data analysis and forward planning; †¢ dealing with staffing issues such as interviewing potential staff, conducting appraisals and performance reviews, as well as providing or organising training and development; †¢ ensuring standards for quality, customer service and health and safety are met; †¢ resolving health and safety, legal and security issues; †¢ responding to customer complaints and c omments; †¢ promoting the organization locally by liaising with local schools, newspapers and the community in general; †¢ organizing special promotions, displays and events; †¢ attending and chairing meetings; Qualification has deep understanding, knowledge and skill in the Retail industry, and extensive experience in managing Retail operations across a network ideally in the beauty and gift sectors. You must possess excellent analytical skills and commercial flair evidenced by previous ability to drive commercial growth, be an inspirational leader with excellent people management skills, strong business acumen with ability to perform with insight and intelligence and first class decision making and negotiation skills.

Market Entry Essay

Value chain outline Business model restructuration Domestic market 1. Analysis 2. Factors of success 4. International expension strategy 1. Management method 2. Analysis 3. Factors of success 5. 6. Value creation Debate   Top quality products Adapted and productive management style Group capacity to restructure and timulate other companies Value chain analysis & good partnership Value Chain Outline Business model restructuration Domestic Market International expension strategy Value Creation Debate Value Chain Outline Business model restructuration International expension strategy Domestic Market 1984 1988 Zhang become Manager of Quingdao General Refrigiretor Factory Gold medal for product quality in national competition Value Creation 1989 1991 Chinese market face oversupply Diversification through aquisitions (eg, telecommunication, equipment†¦) Debate Raise the price and move to high quality strategy 1998 Operational restructuring Value Chain Outline Business model restructuration Domestic Market Diversification and internal reorganization ? 7 product divisions ? Glocal strategy: ? 4 Group-wide  « Development Divisions  » International expension strategy Value Creation Debate Value Chain Outline Business model restructuration Domestic Market International expension strategy Value Creation Debate Market share in 2004 Refrigerator Washing Machine Air conditioner 28% 18% 30% other ? ? ? By 2002, they accounted for 61% of industry profits. From 1989 to 1996, the number of refrigerators producers :100 to 20 3 Chinese manufacturers = 60% of the market ? Kelon is the main competitor Value Chain Outline ? Business model restructuration Domestic Market After the Chinese entry in WTO: ? new entrants (Electrolux, Siemens†¦) ? Refrigerator unit sales: 31% in 2002 vs 26% in 2001 ? Automatic washing machine: 38% in 2002 vs 31% in 2001. ? Before 2000: ? Core profit ? state-owned department stores ? In 2004: ? individual specialized shops/ private retail International expension strategy Value Creation Debate % Haier’s sales Domestic Chain International chain Licensed dealers Independent retail shops Government purchases. Management method Market responsiveness: focus on meeting customer needs Good after-sale service: offerings that Chinese customers was not accustomed (free replacement, warranty†¦) Distribution network: one single company (Haier logistics) serving the entire group, good network Be cautious: These points can be learnt, copied and imitated by multinationals International expension strategy Value Creation Debate Value Chain Outline ? ? Business model restructuration Domestic Market International expension strategy Value Creation Debate Key factor for international strategy Focus on market pressure: choose difficult market (eg. US, Europe)  « If we can succeed there we can succeed in easier market  » ? Look for hard challenges ? Focus on Human Resources assets ? Implement a  « local thinking  » ? Hire Local employees Value Chain Outline Business model restructuration Domestic Market International expension strategy Value Creation ? Since 1997: Willpower of a global expansion strategy (3third) ? Joint ventures ? Manufacturer of Liebherr (Germany): 8 top ranking ? 1999: Willpower of Haier to make a brand reputation overseas. Difference with the domestic rival Kelon ? Take example of the successful Japanese and Korean model. % of sales in the US an EU Export from China (% of total revenue) 1998 – 3% 2004 – 17% 1998 – 3% 2004 – 8,3% Overseas Made and Sold (% of total revenue) 2002 – 4,6% 2004 – 8,3% 70% of Haier overseas’ revenues come from developed markets Debate Value Chain Outline Business model restructuration Domestic Market.International expension strategy Value Creation Debate Focus on difficult (flat market) and highly competitive markets Penetrate the market with niche products Hire local people Make JV on five continents ? Benefit from existing networks. Pay close attention to market specifications Make  « response speed  » Satisfy customer needs Value Chain Outline Business model restructuration Domestic Market International expension strategy Value Creation Debate Growth leverage Restructuration Differentiation Know How After Sales Management Vision Market responsiveness Distribution Glocal Strategy Value Chain Outline ? ? Business model restructuration Domestic Market International expension strategy How would Haier evolve in order to gain more market share internationally and in their home market?

Vancouver Aquarium Essay Example | Topics and Well Written Essays - 750 words - 1

Vancouver Aquarium - Essay Example The about 9,000 square meters aquarium has different galleries for its (Vancouver Aquarium, 2014). Officially referred to as the Vancouver Aquarium Marine Science Centre, this public aquarium is renowned for marine animal rehabilitation, conservation and research. It is credited for being among the first facilities that incorporated professionalism in its galleries for the interpretation of animal behaviors. Vancouver Aquarium is open to visitors all year round. Tourists from around the world tour the facility to see the aquatic life. Other than tourists, the aquarium has been a key attraction site for environmentalists seeking to study the aquatic life. In 2009, the US Environmental Protection Agency designated Vancouver Aquarium as its coastal learning center, aimed at strengthening the US/Canadian partnership in restoring and also protecting the shared ocean resources. According to the Vancouver Aquarium (2014), since the inception of the aquarium in 1956, over 35 million visitors have been to the aquarium. The City of Vancouver, which owns Vancouver Aquarium, rents it out for $40,000 per year. This public aquarium is self-supporting and non-profit making as indicated in its mission statement (Vancouver Aquarium, 2014). Retail operations, food services, membership, admissions and various community programs contribute to about 81% of Vancouver Aquarium’s operating budget. The facility draws the remainder of its financing from donations, charitable contributions, and restricted grants. For instance, in 2010, Premier Gordon Campbell and Prime Minister Stephen Harper together donated $15 million for the expansion of the facility and upgrade of its infrastructure. In 2012, its lead community partner, Teck, donated $12 million to the facility.

The Subjectivity of Storytelling Essay Example | Topics and Well Written Essays - 1000 words

The Subjectivity of Storytelling - Essay Example The Subjectivity of Storytelling Due to this, it is difficult for any reader to distinguish which among the stories are taken from real-life experiences, and which are products of the imagination. The result is a mixture of doubt, entertainment, and intrapersonal questioning towards any narrative included in the book, particularly when the characters involved contradict themselves in the different stories (Heberle 87-8). Mixing facts with fictions is the author’s way of expressing his concept of giving more weight to the act of storytelling than the objective truth it contains. It can therefore be said that the book is not written for the purpose of recounting wartime tales and historical events, but of exploring the ways of narrating stories about war that could either engage or put off readers. It makes readers realize that the subjective viewpoints of the soldiers, the impact that war have in their lives, and their emotional reactions towards different situations are more significant than focusing on the o bjective angles of the story (Heberle 219-21). How to Tell a True War Story This short story backs the very idea mentioned above. O’Brien talks about the ugliness of the war in such a reflective manner that it does not require explanations or factual details anymore. He begins the tale with the statement â€Å"This is true,† (Calloway 249) and even if this statement does not establish the narrative as factual, it makes readers understand that at least the idea is true especially for the one narrating the story. The subjective truth that O’Brien explores on is usually contrasting to the usual glorious and heroic tales associated with wars (King 182). For example, in this particular account, O’Brien talks about Kiley, a soldier who exerts effort to write to Lemon’s sister. Lemon is one of the members of the Alpha Company who died while playing with a smoke grenade (Calloway 249 and King 182). The usual heroic wartime tales would most likely involve a good exchange of letters between the soldier friend and the sister, trading good thoughts and sad memories shared before with the one who died. But in this tale, the sister never responds, and Kiley calls her â€Å"dumb cooze.† (Calloway 249) This paints a picture of ugliness in the circumstances surroundings these soldiers. However, this is the most significant aspect of O’Brien’s narrative. His tale does not try to provoke false sentiments among readers by sugarcoating events and words, but to expose the truth in the event. The story declares how storytelling should be done. There is both a correct and incorrect way to do it. The author dislikes telling stories in a tear-jerking fashion to create an emotional appeal. He also does not agree on its opposite of telling stories in a macho fashion. This particular narrative serves as a guide to the overall style used in the book. O’Brien shares to readers what he perceives to be true by making readers aware of the concept of subjective truth through telling stories that may or may not have actually happened. On a general view, O’Brien teaches the readers that aside from having correct and incorrect methods of telling tales, there are also correct and incorrect ways of perceiving these tales. On a deep political perspective, O’Brien teaches the readers to be aware of the fact that there will always be trustworthy and

Resume and cover letter assignment Example | Topics and Well Written Essays - 1000 words

Resume and cover letter - Assignment Example As such, I am particularly interested in the practical application of science. This is because, through science and engineering, I can be able to develop a logical approach to determinations of various mechanical problems. Moreover, engineering provides me with the opportunity to apply various theories and techniques that can be used to tackle and provide solutions to mechanical problems. Moreover, the fact that I am always excessively fascinated with the functioning of machines has also made develop the interest of practicing mechanical engineering. In fact, during my younger years, I usually dismantled my toys with the aim of learning how the machines functioned and integrated. Quite surprisingly, I found out that changing various aspects of the machines such as motor transmission would alter or lead to a modification of how the toy operated. As I grew up, this interest developed even further and I thus started of working on relatively bigger machines such as my mountain bike and my father’s old broken motorcycle. I was intrigued by complexity of the integration and functioning of the several parts of the machinery. This made me develop an understanding of how machines works in terms of converting electrical, kinetic, or man power into movement. My choice to major in Mechanical Engineering was therefore facilitated by my liking of Maths and Physics as well a s an intense curiosity of knowing how the machines integrated and functioned. Career planning is an important factor that can enable an individual to attain success more so after the completion of the undergraduate degree. Essentially, CP 101 played a big role towards influencing me on opting to choose mechanical engineering as my career of choice. At school, due to my high performance and interest in maths and physics, many professors, including my calculus professor, recommended that I should consider becoming a maths tutor. I took this suggestion

Nonfiction Text and the Use of Graphic Organizers Essay

Nonfiction Text and the Use of Graphic Organizers - Essay Example One strategy for developing these skills in students is through the use of graphic organizers. Graphic organizers are communication devices used to show the structure or organization of concepts and the relationships between them (Ellis). They are visual tools that use visual symbols to denote ideas and concepts to convey meaning. They depict the relationships between facts, terms, and/or ideas. They are often referred to as a map because they help teachers and students map out ideas in a visual manner (Saskatoon). According to Ellis, the visual spatial arrangements which represent the information's structure reduce the cognitive demands on the learner. The learner need not process a lot of semantic information to understand the information. Graphic organizers are very powerful devices for students with language-based learning disabilities (Ellis). They are of course similarly useful, if not more so, for regular students who do not have learning disabilities. Being a visual tool, a graphic organizer allows the mind to see patterns and relationships in the information presented. One of the most common graphic organizers is the calendar. It is a descriptive matrix. At a glance it shows what month it is, the number of days in the month, what day of the week a certain date falls on, which dates fall on a particular day, and so on. The calendar helps the user gather, sift, sort and share information (Graphic.org1). Usefulness of Graphic Organizers As instructional tools, graphic organizers are very valuable because they are flexible and endless in application. They show the order and completeness of a student's thought process. They can immediately indicate strengths and weaknesses of understanding. They show different aspects of an issue or problem, whether it be the big picture or a part of it up close (Kipperman & McIntry). Graphic organizers are applicable across a wide range of curriculum subject areas such as reading, science, social studies, language arts, and mathematics (Saskatoon). However the effectiveness of graphic organizers lies in the ability of teachers teaching students how to use them efficiently. Especially in the area of non-fiction text, graphic organizers foster learning in reading, comprehension and vocabulary knowledge. The learner does not merely read a bunch of words but learns to understand the importance or lack of importance of these words, understanding the concept behind what is being read, det ermine a main idea and process relational information from there (Graphic.org2). Ellis identifies three compelling reasons for using graphic organizers. First, students will more likely understand and remember the subject content they are being taught. A graphic organizer highlights what is/are important, and separates these from those that are interesting but not essential. In other words, information tends to be more precise. Second, graphic organizers allow the teacher to expound on the content at more complex levels because the burden of semantic processing is greatly reduced. Showing instead of just telling students the information facilitates understanding. Third, students more likely become strategic learners with the use of graphic organizers, thereby improving reading and writing skills, communication skills, and analytical, critical, and creative

The Financial and Banking System Of Australia Essay

The Financial and Banking System Of Australia - Essay Example ................................19 Would You Approve Lines Of Credit For Banks In This Country?.............................................20 Appendices†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦21 Table 1.0 List of Banks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.22 Works Cited†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..24 I. Geography. The continent is a self governing country that is a part of the commonwealth federation. It is currently bounded by the Timor sea, Ara fura sea, Torres strait, Coral sea, Tasman sea, Bass strait along with the Indian ocean (Verdier, p.11). It is the smallest continent found on the globe and the sixth largest country in the world. Its capital is found in Canberra with Sydney being the largest city found in the country (Weerassoria, p.16). It additionally comprises of six states which include New South Wales, South Australia, Tasmania, Queensland, Victoria along with western Australia. The continent also comprises of two territories which are the Australian Capital along with the Northern one. The land forming the continent measures about 7, 614, 500 sq km (Gup, p.41). It also has dependencies such as the Ashmore territory, Cocos islands, Christmas islands, the Antarctic territory, the coral sea islands, Heard island along with the Norfolk islands (Miller, Vandrome & John, p.34). II. History Of The Country. The first occupants of the Australian continent were the aborigines who are believed by anthropologists to have migrated into the continent some fifty thousand years ago... Due to a rise in the sea level, The Tasmania was separated from other islands that were offshore (Gup, p.46). The Malaysian, Chinese, Indonesian along with Arab traders are estimated to have come to the northern part of Australia in the year 1500AD. The western countries only came to know about the Australian continent in the 17th century. The continent was the last discovery of new land that the western world made but was colonized by their powers (Weerassoria, p.23). Portuguese sailors are believed to have reached the eastern coast of the continent at around the 15th century when they were looking for a sea route connecting Africa and India. Spanish sailors led by Luis Vaez de Torres in the 16th and 17th century first saw the Australian continent but did not get there as their interests were further north in the Philippines (Gup, p.56). It is the Dutch who were using more advanced sailing ships who were responsible for making the discovery of the continent a reality during the 17th century. This occurred when they creating trading centers between Africa and Indonesia. They did not however settle in the continent as they found nothing of interest for their businesses (Miller, Vandrome & John, p.67). Their voyages and discovery of the Australian continent thus brought the British into the land. This came during the Enlightenment age that occurred in the 18th century with the stressing of scientists along with philosophers on the importance of worldwide exploration (Verdier, p.19).

A+ Assignment Example | Topics and Well Written Essays - 500 words

A+ - Assignment Example Question 2: In economics, the concept of allocation of resources is sometimes linked to efficiency and equity. Efficiency and equity often come in contrast to each other and in most instances both cannot be maintained. There is a difference of treatment of employees of high tech firms compared to those of the franchising firms. This is because the high tech firm employees are more economically efficient as their work has greater returns. This results in better compensations. On the other hand the returns of other workers like salesman or layman is lower compared to those at high level white collar jobs. As in economics people prefer efficiency rather than equity those who are more efficient get more benefits. Question 3: This is again related to efficiency and equity. â€Å"Related to the notions of efficiency and equity is that of social welfare and a concept called Pareto efficiency, named for the Italian economist Vilfredo Pareto. If no reallocation of resources or trade of goods and service can be made that increases value to some individual without anyone else being made worse off, the situation is Pareto efficient.† (National Oceanic and Atmospheric Administration) Therefore, as mentioned above by allowing for equitable distribution in some situations there is a chance of not only achieving Pareto efficiency but also increasing the standard of living of the people. This may in turn increase spending and will inject money back into the economy. Therefore, in an entirety this is beneficial. Question 4: The higher gasoline price is a matter of concern for the government. This is because it will increase prices and cause further inflation and unrest. Therefore, the government will encourage them to buy hybrid care. This can be done by reducing the taxation on these hybrid cars. Adding a support price will also be an excellent benefit. This can be further reinforced by increasing taxation on the gasoline fueled care. As the costs of those cars

Local Economic Development Essay Example | Topics and Well Written Essays - 500 words - 127

Local Economic Development - Essay Example Local economic professionals also have a role to play to ensure that the community groups that are formed do not only focus on poverty alleviation, but also on economic development. This includes making the community members pioneers of entrepreneur skills and job creation for other members. Economic professionals also have to provide assistance to local community groups in terms of access to technology and capital support and creating a link between private and public institutions of the community. The North Texas area will impact marketing as a place for establishing the new business. This is because a new environment is going to be created in this area, which means that customers in this area will have different wants and needs compared to customers from the other areas. As such, new businesses will be formed to satisfy the needs of customers in this environment. These include food, shelter, and clothing. Therefore, entrepreneurs and business people dealing with such items will fo cus on delivery of the items and ensure that the local people do not suffer from lack of such items. The response to this challenge will involve conducting a market analysis of this new area. This will entail determining the various needs of the people, conducting the feasibility study of the area, and establishing whether the area will provide sufficient market for new products and services. Results of this analysis will aid in making decisions as to whether to establish new businesses in the area or not to establish such businesses. Dallas is a city in North Texas, which uses good urban planning policies and regulations that enhance the attainment of sustainable economic development (Federal Reserve Bank of Dallas 1).

Marx Communist Manifesto Summary Essay Example for Free

Marx Communist Manifesto Summary Essay All throughout history, there has always been a sense of hierarchy in society such as the elites over the peasants, aristocrats over plebeians, etc. Although there was much societal change in the time of revolution, this subordination of classes did not. Sprouted from feudal society, bourgeois continues the division of societal classes: Bourgeoisie and Proletariat. The work of the Proletariats was to simply find jobs and work. They’d continue working so long as it increased the capital. However, Proletariats did not need any â€Å"individual character† to be working. They were simply an â€Å"appendage† to the machines in the factories. Not much skill or education was needed to work these machines, therefore, the cost of producing the materials was very limited. As work increased, their wages would decrease. As industry increased, so did the Proletariat. Factories were quickly becoming packed with more laborers. Conditions of living for them began to equalize, however their wages seemed to fluctuate in response to the competition between other factories. Technologically, the machines weren’t advancing due to their reliance on the workers to expedite production anyway. This began to tear down the Proletariats vivacious livelihood, so they began to create groups against the Bourgeoisie. Their banding together helped them keep better track on the stability of the wages and were more powerful in their occasional revolts. At times, they would be successful in these revolts. However, their real success stemmed from their lies. The contin ual oppressed behavior of the Proletariat was no longer compatible with society.

Drug and Alcohol Use and Delinquency

Drug and Alcohol Use and Delinquency Engaging in alcohol and other drug use causes not only the juvenile to suffer but as well as their families and their communities causing an increased burden on the juvenile justice system. Due to the potential negative consequences that juvenile drug use poses, considerable effort has been made toward understanding the consequences, prevalence, and causes. Considerable life has been lost to drug abuse and dependence, particularly from the use of alcohol and tobacco. Not only are alcohol, tobacco and other drugs abused, more recently prescription drugs abuse has been on the rise. Prescription drugs account for the second most commonly abused category of drugs, behind marijuana and ahead of cocaine, heroin, methamphetamine, and other drugs. Drug Use and Delinquency Engaging in alcohol and other drug use causes not only the juvenile to suffer but as well as their families and their communities. An increased burden is also placed on the juvenile justice system because of their strong association between substance abuse and delinquency. Most adult drug users report adolescence as the time when drugs were introduced to them. Due to the potential negative consequences that juvenile drug use poses, considerable effort has been made toward understanding the consequences, prevalence, and causes. Considerable life has been lost to drug abuse and dependence, particularly from the use of alcohol and tobacco. Health-related consequences of teenage substance abuse include accidental injuries, physical disabilities and diseases, and the effects of possible overdoses. The danger of contracting HIV or other sexually transmitted diseases increases for substance-abusing youth if they engage in high-risk behaviors. High-risk behaviors include the use of psychoactive substances, particularly those that are injected, or activities resulting from poor judgment and impulse control while experiencing the effects of mood-altering substances. Even death is possible through suicide, homicide, accidents, and illness for youth involved in al cohol and other drugs (Crowe Dickinson, 1997). Hard drug use is indicated in the deaths of 8,000 Americans each year, while alcohol and tobacco use is implicated in the deaths of 130,000 and 440,000 individuals, respectively (Boyd, 2009). Information drawn from the Drug Abuse Warning Network (DAWN) indicates that drug-related hospital emergency episodes for youth ages 12-17 increased by 17% in 1994 over the rates for 1993. Data from 2005 found that out of the 50,000 12- to 17-year-olds who sought emergency department treatment for medical problems stemming from drug use, only 9,000 sought medical aid for cocaine use (Boyd, 2009). DAWN is a national survey conducted annually by the Substance Abuse and Mental Health Services Administration to estimate drug-related emergency department visits for various substances (Crowe Dickinson, 1997). According to Boyd (2009), adolescent drug use negatively impacts cognitive, emotional, and social development and has the potential to stunt memory and learning skills. Adolescent drug use poses a significant risk factor for psychiatric disorders, suicide, accidents, pregnancy, truancy, school dropout, delinquency, and drug abuse and dependence during both adolescence and adulthood. According to the National Survey of Drug Use and Health in 2005, less than 200,000 of the 2.1 million adolescents estimated to need drug treatment actually received it. The rate and popularity of drug use among juveniles are captured and monitored by two major surveys: the Monitoring the Future study, previously called the High School Senior Survey, which collects data of the Nationà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s youth from 8th-, 10th-, and 12th-grade students since 1975, and the National Survey on Drug Use and Health, which collects data from juveniles ages 12 to 18. Alcohol, tobacco, and marijuana use, which are referred to as soft drugs, are the three most commonly used drugs among youth. Says Boyd (2009) in 2004, almost 20% of youth were estimated to have used alcohol within the past month. Rates of drug use differ along demographic lines. Rates and popularity increase as youth steer through adolescence. Alcohol and tobacco are typically introduced before marijuana which usually leads to the introduction of hard drugs at older ages. Over 40 theories of adolescent drug use have been developed. Most theories are developed from risk factors ste mming from peer, family, school, and community fields of influence that may increase youthà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s risk for drug use. Poor school performance; drug norms and attitudes; delinquency; positive drug expectancies; poor relationships with parents; parental conflict; and association with peers, parents, and other adults who use drugs or espouse drug norms and attitudes have been consistently documented as risk factors for youth drug introduction and use. Racial disparity exists of juveniles in the arrest and formal case processing for drug law violations, with the largest disparity observed between Caucasian and African American youth. African American youth have historically been formally processed at significantly higher rates than Caucasian, even though the average juvenile arrested for violating alcohol or illegal drug laws is a Caucasian 16- to 17-year-old male. Data show that Caucasian youth are less likely to have their drug cases petitioned, be detained and incarcerated, and have their drug cases waived to adult court than youth of other races. For example, in 2002, FBI data indicated that 65% of African American juvenile drug cases were petitioned compared to that of 55% of Caucasian juvenile drug cases. During that year, the proportion of African American youth detained for drug offenses was more than twice that of Caucasian youth (33% vs. 16%), and nearly twice that of youth of other races (17%) (Boyd, 2009). Arthur (2007) has reported that children of neglectful parents are more likely to suffer impaired psychological development and are also at a higher risk of drug and alcohol abuse and delinquency. In the Office for National Statistics study in 2000, 47% of children evaluated as having a mental health disorder had a parent who was likely to have a mental health problem, such as anxiety or depression. Many research studies have found evidence of a strong association between juvenile substance abuse and antisocial behavior in young people. The results of a Home Office research study on drug testing of arrestees found that 11% of 16- to 20-year-olds tested positive for opiates and 5% tested positive for cocaine. Approximately 65% of the sample of 103 young offenders on supervision orders had used cannabis, over 20% had used ecstasy, over 10% had used cocaine and approximately 6% had used heroin, according to the Audit Commission Study. A study of 50 young offenders for a range of offenses that were on probation found that almost all reported lifetime experiences of at least one illicit substance, with an extremely large percentage who had used crack cocaine (38%), heroin (24%), or methadone (14%) in the previous month. According to Arthur (2007), a study done by Collinson found that drug use figured centrally and excessively in the lives of 59% of a sample of 80 young male offenders in custody. Collinsonà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s sample reported figures of 54% for lifetime occurrence of LSD use, 43% for ecstasy and 20% for heroin and cocaine or crack. The Youth Lifestyles Survey supports the finding that juvenile drug use and juvenile offending are associated. Of the serious and persistent offenders aged 12-17, 38% of males and 20% of females admitted to using drugs in the past 12 months, compared to 7% of males and 4% of females for the rest of the cohort. The Youth Lifestyle Survey also found that 75% of persistent offenders reported lifetime use of drugs. In addition to these findings, the survey suggests that the rates of drugs such as crack cocaine and heroin are significantly higher among young serious and persistent offenders than they are to occasionally users. Drug use was highest among the most frequent offenders and lowest in the less frequent offenders according to the Youth Lifestyles Survey. Over half of the sample of the survey agreed that alcohol or drugs had been associated with their offending and 44% said that they sometimes committed crimes to get money for drugs or alcohol. Research indicated that the risk factors for substance abuse and delinquency overlap substantially. These risk factors include poor parental supervision, a disrupted family background, poor psychological well-being, difficulties in school, school exclusion, truancy, low educational achievement, having been abused, having been in care, parental divorce or separation, or having a family member with a criminal record. It has been suggested that substance abuse and delinquency develop together. Thus, links between juvenile offending and drug use may exist because of the shared background of drug abuse and delinquency, rather than because drug use causes offendin g (Arthur, 2007). According to Crowe and Dickinson (1997), a study conducted in 1998 in Washington, D.C., found that youth who sold and used drugs were more likely to commit crimes than those who only sold drugs or only used drugs. Heavy drug users were more likely to commit property crimes than nonusers, and youth who trafficked in drugs reported higher rates of crimes against others. Youth in this sample were most likely to commit burglary or sell drugs while using drugs or while seeking to obtain drugs (Crowe Dickinson, 1997). Prescription drugs account for the second most commonly abused category of drugs, behind marijuana and ahead of cocaine, heroin, methamphetamine, and other drugs (Office of Natural Drug Control Policy). Taking prescription drugs that have not been recommended by a doctor can be more dangerous than people think it is and is considered drug abuse. Prescription drugs can sometimes be easier to get than street drugs or are sold on the street along with. A 2009 survey from the Centers for Disease Control and Prevention shows that prescription drug abuse is on the rise, with 20% of teens saying they have taken a prescription drug without a doctorà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s prescription (KidsHealth 2010). Prescription drugs are only safe for the individuals who actually have prescriptions for them. According to the ONDCP, teens are more likely to misuse prescription drugs, believing that these substances are safer than illicit drugs because they are prescribed by a healthcare profes sional. The most commonly used prescription drugs are opiods such as OxyContin, Vicodin, and Demerol; central nervous system depressants such as Nembutal, Valium, and Xanax; and stimulants such as Ritalin and Adderall. During 2006, there were an estimated 741,425 emergency department visits that involved non-medical use of prescription or OTC pharmaceuticals or dietary supplements. According to the Substance Abuse and Mental Health Services Administration, treatment for prescription painkillers increased more than 400% between 1997 and 2007. Some states have developed prescription monitoring programs, which can help prevent and detect the diversion and abuse of pharmaceutical controlled substances (ONDCP). Preventive factors that can decrease the risk for drug use include attachment to social others; commitment to goals and dreams; and a belief in and respect for laws and authority. The employment of youth drug prevention programs and the enforcement of drug laws are just two major lines of action that are taken to prevent juvenile drug use. Youth drug prevention programs are typically school-based and utilize primary prevention strategies designed to prevent juvenile drug initiation. Drug prevention programs that have been shown to have the most promise for preventing or delaying drug use include those founded on the social influence model (Boyd, 2009).

A Tale of Two Cities: Minor Characters Essay -- essays research papers

A Tale of Two Cities: Roles of Minor Characters Every story in the history of literature has one or more characters that are not as significant as other characters. Although these characters aren’t as important, they serve to advance the plot or are symbolically important. There are definitely numerous depictions of these characters in A Tale of Two Cities, by Charles Dickens. Two examples are Lucie Manette Darnay and Miss Pross. Both of these flat characters are important in the development of the story. Lucie Manette Darnay played an important and symbolic role in the novel. Dickens described her as â€Å"the golden thread† of the novel, weaving its good throughout the plot. Along with her good nature, she was also young and attractive. Dickens described her as having: †¦a short, slight, pretty figure, a quantity of golden hair, and a pair of blue eyes†¦and a forehead with a singular capacity†¦of lifting and knitting itself into an expression that was not quite one of perplexity, or wonder, or alarm, or merely of a bright fixed attention, though it included all the four expressions. (Dickens 17) Dickens created Lucie to be an ideal rather than a real woman. She represented all that is good in humanity—innocence, kindness, faith, and hope—and she served as a touchstone for other characters to find those qualities within themselves. Lucie is a loving and devoted wife to Charles Darnay. After Darnay’s death sentence she tells him: We shall not be separated long. I feel that this ...

The Eye Of The World :: essays research papers

Setting:The setting of this story is a fantasy world, with your basic medieval background. It has magic, swordplay, large-scale armies on grassy plains, and a touch of technology. There is the ‘big evil power’ off to the north somewhere that will apparently figure into the series five books down the road, and various evil creatures that battle the good guys. The ‘big good power’ can’t interfere, so it lets the meager humans handle things. Men and women are each clearly defined, with each sex even having different kinds of magic. The guys go insane from theirs, and the women use their power to hunt down those men. Character:There are countless characters in this story, ranging from one-shot guards who die in obscurity, to the Really Big Monsters. All of them are chock full of personality and character, no matter their roles and life span. The main characters, those that live long enough to be considered such, are as follows. There is Rand, a youth from a village who discovers he has strange powers that will one day drive him insane. Egwene, from the same village, also has this power, but apparently the women don’t go insane, and she will have to kill Rand. Naturally, there is a relationship between the two, one that will be put to the test. There are also Moiraine, a sort of elder witch, Lan, the big brawny swordsman, and a whole slew of others that split up and go their separate ways in other books in the series. Plot:The plot follows several different people at once, jumping back and forth when you least expect it. The basic plot is this; an evil entity, namely the antithesis of all that is good and pure, is trying to destroy the world and remake it in his own image. The Creator, a sort of god, has bound him away for all eternity, but a hole is bored into his prison. The Creator uses several young people as his unwitting avatars in the struggle between good and evil. They run away from hideous monsters that chase them through this world, such as a trolloc, a sort of man-beast, and various others. They make their beleaguered way north, until a path is found to a source of ultimate power. In the end, this power is used for good, and the Evil darkness is bound away. Until the next book in the series†¦ It seems like your basic ‘Light against Dark, Good vs.

To Kill A Mockingbird Essay: Use of Symbols and Symbolism :: Kill Mockingbird essays

Use of Symbolism in To Kill a Mockingbird It is quite noticeable that some characters' names in To Kill a Mockingbird are implicitly symbolic. Scout, for example, like the familiar military scouts who were dispatched from the main body to gather information, is a seeker, scouting out new areas of experience. Additionally, Atticus's name is a reference to the district Attica of ancient Greece in which Athens was located. In some way Atticus's rational approach to life is similar to that of ancient philosophers, especially the Stoics: "The four cardinal virtues of the Stoic philosophy are wisdom, courage, justice and temperance. All people are manifestations of the one universal spirit and should, according to the Stoics, love and help another, regardless of rank and wealth" (Encarta Encyclopedia). Atticus is the main character who serves these four virtues, justice, wisdom, courage and temperance in the story, just like the ancient philosophers of Athens did. As a lawyer he is a faithful servant of justice for all people, bla ck or white. His wisdom lies not in his education but in the way he raises his children and his knowledge of people's attitude. For him courage is Mrs Dubose's effort to break from morphine. He says to Jem the day she died: "I wanted to show you what real courage is, instead of getting the idea that courage is a man with a gun in his hand. It's when you know you're licked before you begin but you begin anyway and you see it through no matter what" (118). From his point of view, Atticus showed his courage when he accepted the Tom Robinson case even though he knew beforehand that it was a lost battle. And, finally, the reader knows he believes in temperance when he advises Scout and Jem not to get carried away by people's provocation, and sets the example when he does not react to Bob Ewell's threats. Therefore it becomes evident that Atticus could easily be considered a Stoic as he made their philosophy his way of living. He could be a citizen of ancient Attica as his name implies. Another symbol in the story is Jem's broken arm as well as Scout's ham costume. It has been mentioned that Atticus did not expect Jem to be so greatly affected by the events of the trial. Scout was more likely to be influenced because she was younger.

Justification of theory Essay

When talking to Matthew it is essential the teacher makes him feel comfortable, the teacher does this by talking in a clear but soft voice but also being careful that its not just Matthew that she talks to like this as this could single him out from other students. Verbal communication can say a lot about how your trying to speak to the client, as the pitch and tone can create atmosphere when speaking. It is important to speak in a soft voice to Matthew as when shouting or telling him of in a loud voice this makes him aggressive and he can become violent as this would upset and make him feel uncomfortable. Non-Verbal Communication: non-verbal communication can mean many thing suck as moving hands when you speak, posture, how you sit or even facial expressions. Non-verbal communication is very important in any interaction. When interacting with Matthew he likes to be made to feel at ease. To do this the teacher should sit in an open posture with no objects blocking communication, also slightly leaning towards him being careful not to invade his personal space and keeping good eye contact at all times. Matthew’s teacher does not alas do this as when he is being aggressive she ignores him and does not keep any eyes contact, this makes Matthew more aggressive as he is trying to gain the teacher attention by being aggressive and disruptive so therefore his behaviour worsens. Facial expression also helps the interaction, as positive expressions such as smiling when Matthew is talking make him feel the teacher is interested in what he is saying so therefore may contribute to class discussions more in the future. Prompts can also be very helpful as when Matthew is uncomfortable speaking such prompts as ‘carry on’ or ‘that’s right’ may give him confidence when he is speaking. Outcome of Patterns: When all of the above have been taken into consideration a successful interaction will come of it. The above ways are how Matthew likes to be communicated with, as this way is the most effective as it does cause aggression. Overall Matthew has shown less aggression in the class and is interacting appropriately with his teacher and other student around him. E3: Identify and clearly describe relevant psychological theory for clients with the chosen behaviour in a particular health and social care setting. Theories: 1. Bowlby. Attachment/Separation theory 2. Berkowitiz. Aggression theory How theories relate to specific behaviour The first theory Bowlby’s maternal deprivation relates to Matthew as he is the oldest of four children and his father left when he was only seven, since then he has lived with his mother and has been the only male in the house. In studies using the strange situation Bowlby found that infants maybe securely attached to one parent but not the other or in securely attached to both. Bowlby also agrees that man are capable of providing adequate parenting and becoming attachment figures for there young children, and the ‘mother does not even have to be female’. Bowlby’s separation theory relates to Matthew as his parents divorced when he was seven and since then he has had no contact with him. Bowlby calls separation anxiety, namely the fear tat separation will occur again in the future. This can result in aggressive behaviour and greater demands towards the mother, which has been shown by Matthew in the case study. It’s also shown that the consequences of divorce are more serious and damaging then those following the death of a father. Which is why children who commonly experiencing parental divorce show separation anxiety, and they may begin to question the security of their remaining relationship, since if the father can leave, why not the mother too? Children usually deeply resent their parents separation and may retain fantasies of reunion for many years to come. They experience separation as a course that has been chosen by the parents in the knowledge that they do not want it. This especially applies to Matthew as he resents he mother for his father leaving. This makes children feel powerless, disregarded and angry. Where as Matthew has become very aggressive towards his mother because of his father leaving. Divorce has a far greater negative effect on the child’s school work then the death of a parent. As a result of these factors, the relationship between the child and the custodial parent is bound to suffer. Mothers become more authoritarian, increasing the number of demands and restrictions and becoming less affectionate. The children (especially boys) become more aggressive and inflexible. Berkowits aggression relates to Matthew as he has show violence towards his mother, which his father display to his mother in front of him before he left. Berkowits describes aggression as ‘behaviour which is physical or symbolic, that is carried out with the intention to harm someone’. He reserves the term violence for an extreme form of aggression, a deliberate attempt to do serious injury. Freud sees aggression as instinctive, with aggression energy needing to be released regularly if it is not to built up to dangerous levels. The frustration-aggression hypothesis see instinctive and learned reactions as involved, while the social learning approach deindividuation emphasize cognitive aspects of learning from others behaviour and the influence of others on the individual behaviour respectively. Berkowits aggressive-cue theory is bases on the fact that aggressive or violent behaviour is at least partly a reaction to specific features of the surrounding situation which ‘pull out’ responses that heighten the strength of the behaviour. This happens when the aggressive meaning for the aggressor and or when they some how remind the aggressor of decidedly unpleasant experiences; this is the aggressive-cue theory. This theory will relate to Matthew as when he’s reminded of his fathers aggressive behaviour towards his mother he then becomes aggressive himself and uses violence in the same way as his father. Justification of theory: I chose to apply these theories because it supports the behaviour that I am applying them to. As the case study shows aggression and separation the two theories will explain why such thing as aggression is caused and will also back up my work. E3. B Describe your chosen research technique, methods and sample size. Population size: The people involved in my research will be a total number of three. This will include Matthew his mother and teacher.

Whales vs Dolphins

The oceans are inhabited by various kinds of animals and plants, such as fish, cetacean (whales, dolphins and porpoises), cephalopods (octopus and squid), crustaceans (lobsters, clams, shrimp and krill), planktons, starfish, Jelly fish etc. The largest In bulk Is the cetacean order. Although whales and dolphins have different outer appearance they belong to the same order and share many similarities. First of all, they are both mammals and share similar characteristics of the anatomy.They have similar vital organs and skeleton, and they breathe and eproduce in the same way. If we scrutinize (take under scrutiny) their way of breathing, we can see that both of them breathe through blow holes which are nasal openings on top of their head. Both breathe with lungs which make them different from the class of fish. Moreover, they reproduce in the same way – by giving birth to a live young which is nourished with milk by its mothers. 80th have one calf at a time and their gestation p eriod ranges from 9 to 18 months.The calves are born tall first to minimize the risk of drowning. Then the calf Is lifted by Its mother to the surface so that It takes Its first breath. Nursing continues for more than a year. Secondly, we can spot many similarltles regarding their social behavior, vocalization and sleeping methods. Whales and dolphins live In plods which are groups of either whales or dolphins respectively. Members of the pod protect each other, feed and migrate together. The number of pods members may vary from 2 to 50. Additionally, they communicate between each other by emitting sounds i. . by vocalization. There use dfferent sounds for different purposes. Generally, these sounds are used for communication, attracting mates and localizing pray i. e. echolocation. What is more, they display similar behavior when it comes down to their sleeping methods. They are both conscious breathers and thus they cannot afford to be unconscious while sleeping because that may l ead to drowning. Hence only one hemisphere of their brain sleeps at a time, so they rest but are never completely asleep. Thirdly, they are considered to have high Intelligence and emotional empathy.Both are highly social beings and they have a complex form of communication with each other which can be defined as language. They cooperate with each other, teach, learn and even grieve. They are very protective of each other and will defend their family and pod from any potential threats. Moreover, they are able to sympathies not only with their relatives but also with other animals in need. Their possession of spindle cells indicates a possibility of high intelligence. Spindle cells are also found in humans, apes and elephants.Scientists find them to have an important role in any cognitive abilities and disabilities ranging from great perceptiveness and perfect pitch to autism and dyslexia. What Is more, in self-awareness experiments they can Identify their reflections in a mirror. To sum up, despite their different physical appearance they are strikingly slmllar. They belong to the same cetacean order and thus share many traits regarding their are compassionate, sociable animals which treat their families in a similar way we do. They are fascinating creatures and I believe that there is even more to surprise us if we explore them further.

Is Walmart good for America? Essay

As the largest retailer in history, it’s no surprise that Walmart is the target of both vicious attacks and effusive praise. According to its own website, Wal-Mart Stores, Inc. operates more than 8,000 stores, employs more than 2.1 million people, and sells more than $400 billion worth of goods in every year. Though this bulk intimidates those who fear for the viability of â€Å"mom and pop† retailers, Walmart’s great strength is that it devotes its considerable power to American consumers. Its size enables it to provide services that other retailers cannot, and it has deservedly become an integral part of the modern American economy. Criticisms of Walmart’s effect on small retailers fall flat because of Americans’ role in that effect. Consumption is the only democratic component of the corporate world: small retailers fail because Americans choose Walmart. Walmart provides cheaper, better, more accessible services than its competition. While competing stores’ closings produce touching hard-luck stories, the shift to Walmart is beneficial for society, because Walmart is much more efficient at every stage of its business. The benefits of this efficiency are less personal and more broadly spread than the costs to smaller competitors, but such dissemination of value demonstrates one of the best qualities of Walmart – its egalitarianism. Walmart provides a good that is accessible to virtually all Americans. The 2006 book The Walmart Effect estimates that 97% of Americans live within twenty-five miles of a Walmart, and Walmart’s low prices assure that the store is also economically accessible. As long as consumers continue to choose Walmart (for understandable reasons), the onus is on small retailers to find better ways to compete. The second main argument against Walmart deals with its impact on suppliers. Because Walmart has such immense buying power, it carries great influence with manufacturers. Fortunately, Walmart uses its substantial bargaining power in the interests of American consumers by demanding ever-decreasing prices. Though manufacturers often complain about this pressure, it forces  constant innovation, which ultimately benefits consumers. Walmart has much to teach American businesses. Despite its size, Walmart is a paragon of corporate efficiency. It has compiled the largest sales data-set of any American retailer and analyzes this data using the second largest supercomputer in the world (trailing only the Pentagon). Aided by this number-crunching, Walmart excels at knowing what its consumers want. Walmart’s purchasing decisions thus reflect American preferences. In short, Walmart is a driving force in the American economy leading to smarter, more streamlined production, and (as always) lower prices for consumers. The benefits of Walmart’s efficiency are not only economic, as illustrated by the company’s response to Hurricane Katrina. Walmart’s response to the hurricane was lauded even by its critics: it donated more than $20 million worth of merchandise, including food for 100,000 meals, and it promised jobs for all of its displaced workers. But what I wish to extol is not Walmart’s largesse, which bore immediate public relations benefits, but rather the utility of their efficient distribution system. The first supply truck to arrive at the Superdome after the hurricane came from Walmart, not from FEMA. The administrative particulars of Walmart’s response to the hurricane, detailed in a study by Steven Horwitz, are both fascinating and inspiring. Walmart’s existing distribution chain was – and is – able to deliver needed goods faster and more efficiently than a government agency, which (besides being inept) had no existing infrastructure to respond to the disaster. The Coast Guard, another organization praised for its post-Katrina efforts, was great for rescuing people from flooded houses, but it was incapable of providing them with sufficient supplies afterwards. Without the aid of Walmart, the aftermath of the hurricane would have been even more catastrophic. Regardless of its reputation or its value to society, Walmart is here to stay. Consumption drives our daily lives and accounts for some 70% of America’s GDP. As long as Walmart continues to increase the accessibility and quality of consumption, it will remain America’s top retailer and continue to grow. Whether or not you choose to shop at Walmart, everyone should appreciate it as an outstanding American institution.

Candide and Free Will

Voltaire's Candide is a novel that is interspersed with superficial characters and conceptual ideas that are critically exaggerated and satirized. The parody offers cynical themes disguised by mockeries and witticism, and the story itself presents a distinctive outlook on life narrowed to the concept of free will as opposed to blind faith driven by desire for an optimistic outcome. The crucial contrast in the story deals with irrational ideas as taught to Candide about being optimistic by Pangloss, his cheerful mentor, versus reality as viewed by the rest of the world through the eyes of the troubled character, Martin.This raises the question of whether or not the notion of free will is valid due to Candide’s peculiar timing of his expression for it. Some readers might think that Voltaire's novel Candide suggests that belief in free will is absurd. However, a close reading of the text suggests that Voltaire does not deny free will altogether. Candide is in complete control of his actions and ideas during times when an agreeable reality poses not to be enough, which explores Voltaire’s message that true reality is the ability to identify the deficiency of human conventions.Candide’s journey to attain the balance between submitting his will completely to the opinions and actions of others and taking control of his own life through blind faith highlights the notion of free will throughout Voltaire’s novel. Throughout the novel, Voltaire represents mankind as being consumed by immediate personal problems. When the characters of Candide virtually have no troubles or dilemmas, Voltaire illustrates how they do not express their happiness and contentment for it, but rather portray their feelings of boredom and a desire to involve themselves within the complex social constructs of the world.In chapter eighteen when Candide and his valet Cacambo enter the glorious city of El Dorado, Candide expresses the city’s extravagance and how it i s incomparable to any other, even when compared to his overvalued Westphalia. Voltaire described â€Å"the public edifices raised as high as the clouds, the market places ornamented with a thousand columns, the fountains of spring water†¦which were paved with a kind of precious stone which gave off a delicious fragrancy like that of cloves and cinnamon† (45) to illustrate the decadence of El Dorado, and how it was virtually a utopia that no man could resist.However, Candide held enough free will within himself by opting to leave the splendor in order to â€Å"recover Miss Cunegonde† (46). This event solidifies some readers’ opinions that belief in free will is absurd, for Candide uses it for irrational and perverse means by hoping for a finer future. El Dorado serves as a symbol to Candide that there is more the world has to offer after having been taught that he was already living in the best of all possible worlds while in Westphalia.The fact that he came across such magnificence paradoxically influenced his choice to leave since he thought he could find better than El Dorado, which demonstrates the faults of human conventions about how Candide could not distinguish between true and optimistic realities when he already had quite possibly the best world right in front of him. Once again, this substantiates readers’ ideas that free will is outlandish and nonsensical. â€Å"If we abide here we shall only be upon a footing with the rest, whereas, if we return to our old world†¦we shall be richer than all the kings in Europe† (46).He is not aware of the ramifications of his actions, of his professed free will, and believes that only good things will come to him as a result of his foolish autonomy. Voltaire presents the characters as having emotional lives that shift between worries and boredom with almost no periods of prolonged happiness. Pangloss’ influence instructs Candide to submit to blind faith that the o utcome of all will be well, and that all events happen for a reason. â€Å"It is demonstrable that things cannot be otherwise than as they are; for all being created for an end, all is necessarily for the best end† (1).Under these assumptions Candide says, â€Å"There can be no effect without a cause [†¦] The whole is necessarily concatenated and arranged for the best† (6). This philosophy that everything is fated to be good omits the validity of free will that Candide later claims to have since he is man and therefore above the animal world, because no matter what man does in part to shape the entirety of his future, Candide was taught that the outcome is predestined to yield an optimistic and hopeful reality. The belief that everything happens for a reason and where the reason is good is incompatible with the act of free will.Therefore, any efforts of free will are futile because they cannot change the predetermined outcome, making its concept essentially nonexi stent. This logical cycle strengthens and endorses readers’ ideas that free will is incongruous with faith. Candide is a naive character that is in complete control of his ideas and actions despite the influence from others. In chapter two when he is captured by Bulgarians and given the choice between death and running the gauntlet, he groundlessly uses his free will to receive an intense degree of torture and anguish. He was asked which he would like the best, to be whipped six-and-thirty times through all the regiment, or to receive at once twelve balls of lead in his brain. He vainly said that human will is free, and that he chose neither the one nor the other† (4). Candide tries to argue that having free will meant not having to choose, because being a human retaining that free will meant he had the choice not to make a choice. However, his attempts are thwarted when he is forced to make a decision for his fate, where â€Å"he determined, in virtue of that gift of God called liberty, to run the gauntlet six-and-thirty times. He bore this twice† (4).During a time when death clearly presented itself as the unusual superior choice, Candide foolishly picked the lesser of the two options. By choosing â€Å"four thousand strokes, which laid bare all his muscles and nerves, from the nape of his neck quite down to his rump† (4), Voltaire proves to readers that having free will is an absurd notion. He reinforces readers’ ideas that preserving belief for free will only leads to self-destruction due to Candide’s imprudent use and inappropriate application of it. Voltaire’s Martin provides a slightly more realistic albeit largely negative slant of the world that readers can more easily identify with.Martin says that the world has been formed â€Å"to plague us to death† and that â€Å"it is a chaos – a confused multitude, where everybody seeks pleasure and scarcely any one finds it† (54-55). In chapt er 21, Candide asks Martin if he believes â€Å"that men have always massacred each other as they do to-day, that they have always been liars, cheats, traitors, ingrates, brigands, idiots, thieves, scoundrels, gluttons, drunkards, misers, envious, ambitious, bloody-minded, calumniators, debauches, fanatics, hypocrites, and fools† (55).Martin is deeply struck with pessimism, feeling the world is doomed to evil and destruction, and responds with a valid question as an answer: â€Å"Do you believe hawks have always eaten pigeons when they have found them? † (55) Martin’s insight to the fixed cycle of nature demonstrates how he perceives man’s nature to be just like one of beasts. Candide firmly counters and says â€Å"there is a vast deal of difference, for free will† (55) Candide, though easily influenced, senses that there is something more which exists between the contrasting worlds that both Pangloss and Martin have presented to him, which is free will.However, this claim is inconsistent with his belief that blind faith is the key to an optimistic reality, because once again, faith and free will are concepts that counteract and negate each other. At this point, readers’ opinions that free will is a meaningless and hollow notion is underpinned because of the fact that it is the only aspect that Candide cares to explore as the sole difference between man and animal that ultimately proves to be insignificant since man does not use it wisely or properly.In chapter two, Voltaire describes how â€Å"it was a privilege of the human as well as the animal species to make use of their legs as they pleased† to justify going for a walk (4). Here, Candide states that animals in fact have their own will to walk, which contradicts what he says to Martin in chapter 21on the discussion about what differentiates man from animal. Throughout Voltaire’s satirical novel Candide, readers are exposed to the two major themes reg arding fate and free will, and how each belief is exemplified through various hollow characters such as Pangloss, Candide, and Martin.Candide frequently wavers between the two beliefs, and Voltaire ultimately comes to the conclusion that people have free will and must shape their own future based on their actions in the present rather than pursuing the idea that blind faith driven by desire will lead to optimistic results. In the end, Candide achieves equilibrium by accepting that he must exist between spiritual devotion and unpredictability through free will, when he says, â€Å"we must cultivate our garden,† as Voltaire famously declares in the ultimate chapter (87).This seemingly superficial parody engages the reader and makes them reflect about whether or not free will is actually free will and what aspect of Candide is in control of it. Readers perceive how human nature is incapable of constant happiness because of how desire handicaps free will, and are ultimately made aware of how Candide must create his own reality based on action rather than blind faith.

Career as a Competent Pharmacist Personal Statement

Career as a Competent Pharmacist - Personal Statement Example I realized that I had to pick up this new language if I wanted to survive in America. I tried my best to make a conscious effort in this direction. Eventually, I shook off my low self-esteem and started to feel comfortable among people. I managed reasonably well through my middle school, though the ordeal was a tough one. High school was much harder, as I had a lot to catch up on. I could see that I was way behind my peers because I did not go to elementary or sixth grade. I had missed a lot of basics while my peers were here for a long time and had followed the educational system here. No matter how hard I tried, I always fell behind them. All these led me to a specific state of mind during my sophomore year. I fell into a depression and started to bunk classes. I felt there was no meaning in continuing education. I felt regular attendance was not going to make any difference to me. However, I could not drop out of school because of one reason – I did not want to disappoint my parents. I had immense respect towards my parents because I knew that they had been working hard to have a respectable life and to make sure that their children did better than them in the future. I was fully aware that if I dropped out of school, that would jeopardize all their efforts to help me succeed in life. At this juncture, something crucial took place. We received a letter from the school authority making it clear that if I went of bunking classes and got bad grades repeatedly, I will be dismissed from the school. This letter turned out to be an eye-opener for me. I took the issue seriously and started to build my morale. I did discard the destructive path that I have started to pursue. I promised myself that I will not let the authorities dismiss me from school just because of my lack of effort. I was determined to work towards the goal of securing good grades at school.

Leadership and the Symbolic Framework Assignment

Leadership and the Symbolic Framework - Assignment Example On the other side, when an ineffective leadership is considered, a symbolic leader is compared to a fanatic or a fool who leads through the use of smoke and mirror. This means, the symbolic leader, in this case, will be using false symbols that are ineffective in driving to effective leadership to the people. In an ineffective leadership situation, the leader is one that uses symbols in his leadership option but that only acts as a mirror since the leader does not emulate the symbols they suggest. In such a way, a symbolic leader becomes a leader who does not lead by example to make it ineffective. Symbolic leaders give organizations the view of being a theater or stage to play a given set of role so as to give impressions. Symbols are used by the leaders to catch attentions of the followers. Experiences are framed by the leaders organization by providing logical interpretations of the said experiences. As such, there is a vision that is discovered and is communicated by the leaders. As can be perceived very easily, transformational leadership style is one leadership style that imparts change into the organization. This kind of leadership style uses its characters and the traits of the leader to enforce change on the followers as well as on the organization. As can be seen from the above description of the symbolic framework, transformational leadership style closely parallels the framework. This can be seen from the way the symbolic framework is perceived to be inspirational.

Statistical techniques for investment, finance or economic problems Essay

Statistical techniques for investment, finance or economic problems - Essay Example Five years later, defaults began kicking in as more homeowners were unable to refinance their loans or sell their depreciating homes, gradually snowballing into hedge fund suspensions and massive write-downs. The following year the snowball accelerated into an avalanche, effecting the closure or sell-out of financial stalwarts Bear Stearns, IndyMac Bancorp, Merrill Lynch and Lehman Brothers. The two largest mortgage finance companies, Fannie Mae and Freddie Mac, needed a bail-out by the Bush administration; not long after insurance giant American International Group (AIG) followed suit. With the advent of the new administration, one of President Obama’s first official acts was to sign into law a $700 billion bailout in what is called the Troubled Assets Recovery Program (TARP) (Amadeo, 2009). The crisis spawned a credit crunch, prompting a substantial infusion of capital into the global financial markets by the United States Federal Reserve, the Bank of England, and the European Central Bank (Elliott, 2008). Financial institutions and intermediaries throughout the United States and Europe were thus severely affected in the contagion. On the other hand, the Asian financial markets have exhibited remarkable resilience to the crisis that has engulfed the US and Europe. China can count on its over US$ 100 billion inflows from 2003 to 2007 (Rodman, 2009). India may be somewhat more affected, with some expected possible impact on credit availability. (Rediff India Abroad, 2008) However, there is still a chance that China and India may succumb, albeit belatedly and less severely, to the effects of the financial debacle. These countries were the largest contributors to reductions in global poverty in the last two decades, as confirmed by several academic studies. However, they are now in danger of reduced economic growth, with a slowdown or even reversal in the poverty alleviation efforts. (Bajoria, 2008) With this

Ethics in an informations society Essay Example | Topics and Well Written Essays - 2000 words

Ethics in an informations society - Essay Example In addition, this aspect of ethics should have to be an environmental ethics in support of the information. In this scenario, ethics could be defined as the ideologies or ways leading an individual or business or standard of performance in the society (Floridi, 2001; Bynum, 2008; ArifSari, 2011). This paper discusses the basics and importance of ethics in information society. The basic aim of this research is to proficiently analyze the basic ethical aspects such as responsibility, accountability, and liability. Basics of Ethics The practice of information technology IT is upgrading a lot of aspects of individual effort and way of life. It seems to be doubtful that what are challenges and the societal and ethical inferences of these improvements? The bases of these challenges are the several means wherein an individual is able to conceive as well as understand the practice of IT or society inter-association. All of these ways of formation and elucidation allow an individual to discri minate the society association or IT in a different way and consequently interpret its social as well as ethical inferences in a diverse way. This access is related to an approach which is acknowledged as the phenomenological approach to understand IT along with its social and ethical suggestions (Introna, 2005; Froehlich, 2004). Moreover during the last few years, information ethics emerged as a field of study in information science and library sciences, however the area or the expression has been changed with the passage of time and it started capturing several other areas of interest and research. Actually, it could be seen as a convergence of the ethical doubts of media, reporting, information and library sciences disciplines, computer ethics comprising cyber-world ethics, MIS, web based technology and the business framework (Introna, 2005; Froehlich, 2004). Ethics in Constructing Information Society The technological frameworks which offer the basis for the information society or ICTs are proposed through the integration of principles and values. Additionally, sometimes these principles are not identified by the designer, as in recent times we can see obvious principles for instance the security of individual confidentiality which is allowed to be utilized openly. In this scenario, the basic purpose behind designing the WWW (World Wide Web) was to offer a decentralized distribution of data as well as information, available for all individuals. In addition, ease of access by all societal groups is currently one of the prime concerns of the information society, highlighting the identical privileges of each associate of the society. However, the analysis of a lot of technical professionals is that the methodologies they propose are only tools as well as worth free (Duquenoy, 2009). Basic Ethical Concepts Ethics means to understand the beliefs that persons as well as

Utilize a genomic case study (other options) Essay

Utilize a genomic case study (other options) - Essay Example ewborn and prenatal genomic screening, started in US hospitals with voluntary tests for PKU before it was made mandatory, especially as a response to lobbying by advocates for child rights. Newborn and prenatal screening began to be expanded to include whole genome testing to identify other congenital and inherited disorders. While most developed countries have made significant contributions to newborn and prenatal screening development, actual testing is still a hospital-based health activity (Tarini & Goldenberg, 2012). Currently, major hospitals have newborn and prenatal screening systems to offer initial screening, as well as follow up services for the children and their families. Because hospitals are the decision makers about the content and structure of the screening program, systems have multi-dimensional variance. For instance, a hospital may offer genomic screening for sickle cell disease, PKU, galactosemia, MCADD, and hypothyroidism, although they vary in how they select a dditional conditions. Hospitals also differ in how they make decisions about treatment protocol content, avail services for follow-up, and the extent of costs to the screened newborn’s family (Tarini & Goldenberg, 2012). Most hospitals, today, make the screening mandatory but fail to obtain informed consent from the parents. Today, the heel-stick blood sample is utilized in programs for newborn and prenatal screening for all conditions except auditory impairment. However, in the past, a new lab blood test was always added when a new condition was added to the program. Tandem mass spectrometry was discovered in the 1990s and could test for MCADD, PKU, and various other disorders at the same time (Tarini & Goldenberg, 2012). It measures the levels in the blood of various products of metabolism, of which any abnormalities in metabolite levels are suggestive of disorders in metabolic activity. Children rights activists continue to press governments to take up and fund this technology and

Business ethics Article Example | Topics and Well Written Essays - 500 words

Business ethics - Article Example I agree with the author’s statement that a conjunction of motive, means and opportunity creates an ethical hazard (Pendse, 2012). This approach is complimented by the definition of fitness hazard as a tendency of an entity to take undue menace whose costs are not borne on them (William, 2007). I deem author is aiming at providing rules and procedure that will help curb ethical hazards. This is seen in the light of providing an ethical hazard marshal to minimize these tribulations (Pendse, 2012). An instance is given of the leading company, Enron. The management styles and executive decisions of the executives of the company led to an enormous financial crisis.(William, 2007). Therefore, the executives were convicted and received extensive penitentiary terms. Although I liked the way the writer proposed the initiative of teaching ethics in business schools to curb future occurrences, I think the proposal would be essential in schools of all disciplines and not only business school(Pendse, 2012). This is because, ethical deeds are a must for the growth of any being in their job place, in households, and in their day to day actions. In my view, I think the author is wrong in assuming that other past scandals were restricted in the corporations they occurred in since for every ethical hazard that happen other institutions and individuals suffer with it(Pendse, 2012). The difference is in the magnitude, for example, in the article the scandal at Enron destroyed, not just the company, but the rest of the world, as well (Conrad, 2010). This does not inevitably mean that other scandals that seem restrictive do not spread their downfall. In stating that the fiscal crisis at Enron was totally â€Å"unforeseeable and unpredictable†, I feel that the author is contradicting himself. This is seen in the subsequent line where he states that Warren Buffet had previously warned of the looming danger. The danger was, as a result of the the increasing leverage and

1918 Flu Pandemic Brings Higher Fatalities than World War 1 Research Paper - 1

1918 Flu Pandemic Brings Higher Fatalities than World War 1 - Research Paper Example The third section investigates the public health and medical issues at the times of the outbreak. Medical response to the pandemic is investigated in the fourth section and finally, the lessons learned from the outbreak are discussed in the fifth and final section. According to CDC (2006), the 1918 flu pandemic killed 2% of the world’s human population because of lack of sufficient knowledge about the virus and ineffective medical response. The 1918 flu pandemic provides important lessons for effective monitoring and management of flu outbreaks. Flu pandemics are serious threat to human existence, because of viral antigenic drift that produces new variant strains in every two to three years (Michael, 1998). Introduction The world today remains under serious threat of influenza pandemics. The last ten years have been characterized by outbreak of flu in different parts of the world causing deaths and widespread panic. Although the scale of the recent flu outbreaks do not compare with 1918 pandemic in terms of infections and fatalities, it is evident that the world population remains highly vulnerable to the infection. The United States Department of Health and Human Services (2006) classifies influenza into three different categories. These include seasonal flu, avian flu and pandemic flu. Seasonal flu also called common flu is a respiratory infection that affects people frequently. Although there is a vaccine for seasonal flu, the immune system of most people is capable of fighting the infection. Bird or avian flu is a zoonotic infection transmitted from wild birds to human beings. The H5NI virus that causes avian flu is extremely infectious and fatal to domestic birds. The main medical concern of the avian flu is that currently, there is no effective vaccine against the infection and people do not have immunity. Finally, pandemic flu is highly infectious ailment affecting human beings and it has the potential of causing global outbreak and severe disease s (United States Department of Health And Human Services, 2006). People have minimal immunity against flu infection and therefore the disease is transmitted quickly across an expansive geographic area. In the last century, devastating flu pandemics were reported in different parts of the globe. CDC (2006) estimated that over 43 million people in the world died from flu pandemics in the last 20th century alone. Some of the major flu pandemics included the 1918 Spanish flu, the Asian flu pandemic in 1957 and the Hong Kong Flu of 1968. Historical Perspective of the 1918 â€Å"Spanish Flu† Pandemic Before investigating the historical background of the 1918 Spanish flu pandemic, it is important to interrogate the meanings of pandemic and influenza. Michael (1998;51) defines pandemic as an â€Å"epidemic of human ailment that occurs over a wide geographical area, crossing international boundaries and affecting large number of people†. There are different forms of pathogens t hat cause pandemics, including the current HIV/AIDS virus, influenza and in the past, the plague that infected and killed numerous people in the world around 14th century. Flu is the short form of influenza and it causes respiratory disorders in human beings. According to Barry (2004), the common symptoms of flu infection includes fever, muscle aches, cough and in rare circumstances, opportunistic infections such as pneumonia occurs in patients infected with the virus. Flu virus is one of the major causes of death and it affects people of all ages. Human beings are the primary hosts of the virus but it can also spread to domestic animals including horses, pigs and

Business Plan Bar & Grill Essay Example for Free

Business Plan Bar Grill Essay This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary1 Chart: Highlights2 1.1 Objectives2 1.2 Mission2 1.3 Keys to Success2 2.0 Company Summary3 2.1 Company Ownership3 2.2 Start-up Summary4 Table: Start-up4 3.0 Products and Services5 4.0 Market Analysis Summary6 4.1 Market Segmentation6 Table: Market Analysis7 Chart: Market Analysis (Pie)7 4.2 Target Market Segment Strategy7 4.3 Service Business Analysis8 4.3.1 Competition and Buying Patterns9 5.0 Web Plan Summary9 5.1 Website Marketing Strategy9 5.2 Development Requirements9 6.0 Strategy and Implementation Summary9 6.1 SWOT Analysis10 6.1.1 Strengths10 6.1.2 Weaknesses10 6.1.3 Opportunities10 6.1.4 Threats10 6.2 Competitive Edge10 6.3 Marketing Strategy11 6.4 Sales Strategy11 6.4.1 Sales Forecast12 Table: Sales Forecast12 Chart: Sales Monthly13 Chart: Sales by Year13 6.5 Milestones14 Table: Milestones14 7.0 Management Summary14 7.1 Personnel Plan14 Table: Personnel15 8.0 Financial Plan15 8.1 Start-up Funding16 Table: Start-up Funding16 8.2 Important Assumptions17 8.3 Break-even Analysis17 Table: Break-even Analysis17 Chart: Break-even Analysis17 8.4 Projected Profit and Loss18 Table: Profit and Loss18 Chart: Profit Monthly19 Chart: Profit Yearly19 Chart: Gross Margin Monthly20 Chart: Gross Margin Yearly20 8.5 Projected Cash Flow21 Table: Cash Flow21 Chart: Cash22 8.6 Projected Balance Sheet23 Table: Balance Sheet23 8.7 Business Ratios25 Table: Ratios25 Table: Sales Forecast1 Table: Personnel1 Table: Profit and Loss2 Table: Cash Flow3 Table: Balance Sheet5 1.0 Executive Summary [Company Name] Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] Introduction The long-term goal of [Company Name] is to serve quality food, have outstanding customer service and run and maintain a cost efficient base without sacrificing quality. [Company Name]serves high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. [Company Name] is expanding its exposure through effective marketing as well as introducing the area to market segments that have not yet discovered the Company. Location [Company Name]is headquartered in Dwight, North Dakota which is located in Dickey County. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. The Company [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The Companys owner is [Name], who established the restaurant as a Limited Liability Corporation. [Name] has 15 years of industry experience as a bartender and 8 years of experience as a cook. [Company Name] will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. Our Services [Company Name]s menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The Market [Company Name] will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name]’s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and it’s the Companys duty to deliver on their expectations. Financial Considerations The current financial plan for [Company Name] is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. Chart: Highlights [pic] 1.1 Objectives [Company Name]has three main objectives: †¢ To serve quality food. †¢ To have outstanding customer service. †¢ To run and maintain a cost efficient base without sacrificing quality. 1.2 Mission [Company Name]s mission is to serve high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. 1.3 Keys to Success [Company Name]s keys to success are location, quality service and delicious food. 2.0 Company Summary [Company Name]is headquartered in Dwight, North Dakota Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] The [Company Name] is located in Dwight, North Dakota, which is one mile west of the city Ludden in Dickey County. The Company is a start-up restaurant, owned by [Name], who has 15 years of industry experience as a bartender and 8 years of experience as a cook. Additionally, [Name] has 10 years of experience as an Administrative Assistant. [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. [Company Name]will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. [Company Name]will be closed on New Year’s Day, Thanksgiving Day and Christmas Day. The lounge will be open Tuesday – Saturday from 5:00 pm to 1:00 am. The rest of business structure has not been identified as of date. There will be an attorney and accountant determined at a later date. 2.1 Company Ownership [Company Name]is a Limited Liability Corporation. The owner of the start-up restaurant is [Name], who has 100% ownership of the business. 2.2 Start-up Summary The following table and chart shows the start-up costs for [Company Name], LLC Table: Start-up |Start-up | | | | | |Requirements | | | | | |Start-up Expenses | | |Software (Cost/Inventory Control) |$500 | |Liquor/Food License (State/County) |$1,800 | |Inspections |$1,000 | |Supplies |$2,500 | |Utilities Deposit |$1,500 | |Legal Accounting fees |$5,000 | |Propane Tank 1st Fill |$3,000 | |Total Start-up Expenses |$15,300 | | | | |Start-up Assets | | |Cash Required |$0 | |Start-up Inventory |$26,000 | |Other Current Assets |$30,950 | |Long-term Assets |$329,800 | |Total Assets |$386,750 | | | | |Total Requirements |$402,050 | Chart: Start-up [pic] 3.0 Products and Services [Company Name]is a comfortable, inviting restaurant designed to make its customers feel at home. The dining side has a sizzling 48 gas powered grill and char boiler which will make all steaks to perfection. [Company Name] Menu: The following meals come with the customer’s choice of potato, baked, hash brown or fries. Meals also include a trip to the full salad bar! All steaks are hand cut daily and charbroiled to perfection. Steaks Choice Sirloin 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.75 House Sirloin 8 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Petite Sirloin 6 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.75 Beef Tips-grilled or hand dipped in batter-deep fried†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Rib eye 12 oz†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $16.25 Rib eye 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $14.75 Steak and Shrimp 6 oz sirloin steak with three deep fried shrimp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.50 Seafood Walleye dipped in batter and deep fried †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.75 4 Jumbo shrimp served with tater sauce or red sauce†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $13.50 Cod (Torsk)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50 Chicken  ¼ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50  ½ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.50 Baskets All baskets served with fries or onion rings. Burgers are  ½ lb handmade served on toasted bun. Hamburger basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $7.50 Cheese burger basket†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $7.75 Burger basket served w/cheese, lettuce, onion, tomato†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.50 Chicken Strip (4 pc) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Chicken Drummies (6) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Breaded Tip basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.25 Appetizer Platter Chicken drummies, Onion rings, Cheese sticks, Mushrooms, Mini Egg Rolls. Served with Ranch Dressing†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.25 Beverages Coffee †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Tea †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Soda†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $1.50 Milk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.50 4.0 Market Analysis Summary The U.S. restaurant industry, which consist of fast food, casual dining and upscale chains, is facing its toughest stretch in three decades. This is due to declining guest traffic, declining average check, and a decline in sales. To survive, restaurant operators will need to balance incentives and discounts with added value and brand enhancement. Steak restaurants comprise less than 5% of the total restaurant market. Service oriented steak houses have room to grow. Meat and potatoes are still what Americans want, and they want it with good service. [Company Name]will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name] intends to cater to a wide group of people. The Company wants everyone to feel welcome and relaxed in a friendly atmosphere with a large menu selection. It is its goal to have the most tender, tastiest steaks in the area. [Company Name]has the services necessary to flourish within this industry. By delivering superior customer service, offering affordable prices and developing an outstanding reputation, [Company Name]s potential is excellent. 4.1 Market Segmentation Individuals going out to spend good money on meals or beverages want a variety of items to choose from. Additionally, these individuals want to dine at an establishment with consistent business hours. [Company Name]will be more than willing to offer that to all customers who walk into the business. The Company wants to create an environment that is fun, friendly and comfortable with prices that are very competitive. Customers are the first priority. [Company Name]s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and its Companys duty to deliver on their expectations. The information contained in the market analysis table, displays [Company Name]s main markets. All of [Company Name]s clients will benefit from its delicious food, atmosphere and exceptional customer service. Table: Market Analysis |Market Analysis | | | | | | Year 1 | Year 2 | Year 3 | |Sales | | | | |Food |$259,480 |$275,049 |$291,552 | |Dining Beverage |$14,400 |$15,264 |$16,180 | |Bar Beverage |$30,928 |$32,784 |$34,751 | |Total Sales |$304,808 |$323,096 |$342,482 | | | | | | |Direct Cost of Sales | Year 1 | Year 2 | Year 3 | |Food |$90,800 |$96,248 |$102,023 | |Dining Beverage |$1,440 |$1,526 |$1,618 | |Bar Beverage |$9,588 |$10,163 |$10,773 | |Subtotal Direct Cost of Sales |$101,828 |$107,938 |$114,414 | Chart: Sales Monthly [pic] Chart: Sales by Year [pic] 6.5 Milestones In order to achieve the growth and marketing goals that have been outline in this business plan, [Company Name]has deadlines to meet and ideas to implement. Some of these are outlined below: 1. Obtain grant funding in the amount of $350,000 to improve business 2. Acquisition of the property, contents and rights to the business Table: Milestones |Milestones | | | | | | Year 1 | Year 2 | Year 3 | |Owner/Manager |$33,600 |$34,272 |$34,957 | |Head Cook |$16,800 |$17,136 |$17,479 | |Asst. Cook |$7,776 |$7,932 |$8,090 | |Head Waiter |$12,180 |$12,424 |$12,672 | |Waiters |$13,080 |$13,342 |$13,608 | |Bartenders |$8,352 |$8,519 |$8,689 | |Dishwashers |$6,264 |$6,389 |$6,517 | |Total People |14 |14 |14 | | | | | | |Total Payroll |$98,052 |$100,013 |$102,013 | 8.0 Financial Plan The current financial plan for [Company Name]is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. The following sections of this plan will serve to describe [Company Name]s financial plan in more detail: †¢ General Assumptions †¢ Break-even Analysis †¢ Profit and Loss †¢ Cash Flow †¢ Balance 8.1 Start-up Funding [Company Name]s start-up costs are detailed in the Start-up Table. The following table shows how these start-up costs will be funded. Table: Start-up Funding |Start-up Funding | | |Start-up Expenses to Fund |$15,300 | |Start-up Assets to Fund |$386,750 | |Total Funding Required |$402,050 | | | | |Assets | | |Non-cash Assets from Start-up |$386,750 | |Cash Requirements from Start-up |$0 | |Additional Cash Raised |$0 | |Cash Balance on Starting Date |$0 | |Total Assets |$386,750 | | | | | | | |Liabilities and Capital | | | | | |Liabilities | | |Current Borrowing |$0 | |Long-term Liabilities |$0 | |Accounts Payable (Outstanding Bills) |$0 | |Other Current Liabilities (interest-free) |$0 | |Total Liabilities |$0 | | | | |Capital | | | | | |Planned Investment | | |Owner |$10,000 | |Outside Financing |$350,000 | |Additional Investment Requirement |$42,050 | |Total Planned Investment |$402,050 | | | | |Loss at Start-up (Start-up Expenses) |($15,300) | |Total Capital |$386,750 | | | | | | | |Total Capital and Liabilities |$386,750 | | | | |Total Funding |$402,050 | 8.2 Important Assumptions The table below presents the assumptions used in the financial calculations of this business plan. The average percent variable cost is estimated to be 33%. The estimated monthly fixed cost is $13,705. 8.3 Break-even Analysis For the break-even analysis, the monthly revenue needed to break-even is $20,581. The break-even analysis has been calculated on the burn rate of the Company. [Company Name]feels that this gives the investor a more accurate picture of the actual risk of the venture. Table: Break-even Analysis |Break-even Analysis | | | | | |Monthly Revenue Break-even |$20,581 | | | | |Assumptions: | | |Average Percent Variable Cost |33% | |Estimated Monthly Fixed Cost |$13,705 | Chart: Break-even Analysis [pic] 8.4 Projected Profit and Loss [Company Name]s Pro Forma Profit and Loss statement was constructed from a conservative point-of-view, and is based in large part on past performance. The income for Year 1, Year 2 and Year 3 are $304,808, $323,096 and $342,482, respectively. The net profit for the same period is $26,961, $36,035 and $42,838, respectively. The percentages of the net profit sales for this period were 8.85%, 11.15% and 12.51%, respectively. Once the Company receives grant funding to add the new assets, the depreciation of the building will be over a 20 year period, while the equipment will be depreciated over a 7 year period. Table: Profit and Loss |Pro Forma Profit and Loss | | | | | | Year 1 | Year 2 | Year 3 | |Sales |$304,808 |$323,096 |$342,482 | |Direct Cost of Sales |$101,828 |$107,938 |$114,414 | |Other Costs of Sales |$0 |$0 |$0 | |Total Cost of Sales |$101,828 |$107,938 |$114,414 | | | | | | |Gross Margin |$202,980 |$215,159 |$228,068 | |Gross Margin % |66.59% |66.59% |66.59% | | | | | | |Expenses | | | | |Payroll |$98,052 |$100,013 |$102,013 | |Marketing/Promotion |$6,250 |$6,438 |$6,631 | |Depreciation |$12,045 |$13,143 |$13,143 | |Supplies |$600 |$618 |$637 | |Utilities |$8,400 |$8,652 |$8,912 | |Insurance |$5,004 |$5,004 |$5,004 | |Maintenance |$1,200 |$1,236 |$1,273 | |Office Expense |$1,800 |$1,854 |$1,910 | |Payroll Taxes |$9,805 |$10,001 |$10,201 | |Phone/TV/Internet |$1,800 |$1,854 |$1,910 | |Propane |$12,000 |$12,360 |$12,731 | |Property Tax |$2,508 |$2,508 |$2,508 | |Acct Legal |$5,000 |$0 |$0 | | | | | | |Total Operating Expenses |$164,464 |$163,681 |$166,871 | | | | | | |Profit Before Interest and Taxes |$38,516 |$51,478 |$61,197 | |EBITDA |$50,561 |$64,621 |$74,340 | | Interest Expense |$0 |$0 |$0 | | Taxes Incurred |$11,555 |$15,443 |$18,359 | | | | | | |Net Profit |$26,961 |$36,035 |$42,838 | |Net Profit/Sales |8.85% |11.15% |12.51% | Chart: Profit Monthly [pic] Chart: Profit Yearly [pic] Chart: Gross Margin Monthly [pic] Chart: Gross Margin Yearly [pic] 8.5 Projected Cash Flow [Company Name] is a start-up Company that has applied for a grant of $350,000. The Company forecasts that it will receive funding in the month of October. During this period, the Company will get acquisition of the property, contents and rights to the business. The following table displays [Company Name]s cash flow, and the chart illustrates monthly cash flow in the first year. Monthly cash flow projections are also included in the appendix. Table: Cash Flow |Pro Forma Cash Flow | | | | | | Year 1 | Year 2 | Year 3 | |Cash Received | | | | | | | | | |Cash from Operations | | | | |Cash Sales |$304,808 |$323,096 |$342,482 | |Subtotal Cash from Operations |$304,808 |$323,096 |$342,482 | | | | | | |Additional Cash Received | | | | |Sales Tax, VAT, HST/GST Received |$0 |$0 |$0 | |New Current Borrowing |$0 |$0 |$0 | |New Other Liabilities (interest-free) |$0 |$0 |$0 | |New Long-term Liabilities |$0 |$0 |$0 | |Sales of Other Current Assets |$0 |$0 |$0 | |Sales of Long-term Assets |$0 |$0 |$0 | |New Investment Received |$350,000 |$0 |$0 | |Subtotal Cash Received |$654,808 |$323,096 |$342,482 | | | | | | |Expenditures | Year 1 | Year 2 | Year 3 | | | | | | |Expenditures from Operations | | | | |Cash Spending |$98,052 |$100,013 |$102,013 | |Bill Payments |$136,504 |$176,166 |$184,277 | |Subtotal Spent on Operations |$234,556 |$276,179 |$286,291 | | | | | | |Additional Cash Spent | | | | |Sales Tax, VAT, HST/GST Paid Out |$0 |$0 |$0 | |Principal Repayment of Current Borrowing |$0 |$0 |$0 | |Other Liabilities Principal Repayment |$0 |$0 |$0 | |Long-term Liabilities Principal Repayment |$0 |$0 |$0 | |Purchase Other Current Assets |$0 |$0 |$0 | |Purchase Long-term Assets |$0 |$0 |$0 | |Dividends |$0 |$0 |$0 | |Subtotal Cash Spent |$234,556 |$276,179 |$286,291 | | | | | | |Net Cash Flow |$420,252 |$46,917 |$56,192 | |Cash Balance |$420,252 |$467,170 |$523,361 | Chart: Cash [pic] 8.6 Projected Balance Sheet [Company Name]s net worth is $763,711, $799,746 and $842,583, for Year 1, Year 2 and Year 3, respectively. Table: Balance Sheet |Pro Forma Balance Sheet | | | | | | Year 1 | Year 2 | Year 3 | |Assets | | | | | | | | | |Current Assets | | | | |Cash |$420,252 |$467,170 |$523,361 | |Inventory |$10,924 |$11,342 |$12,023 | |Other Current Assets |$30,950 |$30,950 |$30,950 | |Total Current Assets |$462,126 |$509,462 |$566,334 | | | | | | |Long-term Assets | | | | |Long-term Assets |$329,800 |$329,800 |$329,800 | |Accumulated Depreciation |$12,045 |$25,188 |$38,331 | |Total Long-term Assets |$317,755 |$304,612 |$291,469 | |Total Assets |$779,881 |$814,074 |$857,803 | | | | | | Table: Balance Sheet (Continued) |Liabilities and Capital | Year 1 | Year 2 | Year 3 | | | | | | |Current Liabilities | | | | |Accounts Payable |$16,170 |$14,328 |$15,219 | |Current Borrowing |$0 |$0 |$0 | |Other Current Liabilities |$0 |$0 |$0 | |Subtotal Current Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Long-term Liabilities |$0 |$0 |$0 | |Total Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Paid-in Capital |$752,050 |$752,050 |$752,050 | |Retained Earnings |($15,300) |$11,661 |$47,696 | |Earnings |$26,961 |$36,035 |$42,838 | |Total Capital |$763,711 |$799,746 |$842,583 | |Total Liabilities and Capital |$779,881 |$814,074 |$857,803 | | | | | | |Net Worth |$763,711 |$799,746 |$842,583 | 8.7 Business Ratios The table below presents ratios from the full-service restaurant markets as a reference. Table: Ratios |Ratio Analysis | | | | | | | Year 1 | Year 2 | Year 3 |Industry Profile | |Sales Growth |n.a. |6.00% |6.00% |1.65% | | | | | | | |Percent of Total Assets | | | | | |Inventory |1.40% |1.39% |1.40% |6.34% | |Other Current Assets |3.97% |3.80% |3.61% |43.25% | |Total Current Assets |59.26% |62.58% |66.02% |53.12% | |Long-term Assets |40.74% |37.42% |33.98% |46.88% | |Total Assets |100.00% |100.00% |100.00% |100.00% | | | | | | | |Current Liabilities |2.07% |1.76% |1.77% |25.40% | |Long-term Liabilities |0.00% |0.00% |0.00% |73.91% | |Total Liabilities |2.07% |1.76% |1.77% |99.31% | |Net Worth |97.93% |98.24% |98.23% |0.69% | | | | | | | |Percent of Sales | | | | | |Sales |100.00% |100.00% |100.00% |100.00% | |Gross Margin |66.59% |66.59% |66.59% |58.06% | |Selling, General Administrative Expenses |57.75% |55.44% |54.08% |23.02% | |Advertising Expenses |2.05% |1.99% |1.94% |1.74% | |Profit Before Interest and Taxes |12.64% |15.93% |17.87% |6.52% | | | | | | | |Main Ratios | | | | | |Current |28.58 |35.56 |37.21 |1.25 | |Quick |27.90 |34.77 |36.42 |1.00 | |Total Debt to Total Assets |2.07% |1.76% |1.77% |99.31% | |Pre-tax Return on Net Worth |5.04% |6.44% |7.26% |4325.19% | |Pre-tax Return on Assets |4.94% |6.32% |7.13% |29.65% | | | | | | | Table: Ratios (Continued) |Additional Ratios | Year 1 | Year 2 | Year 3 | | |Net Profit Margin |8.85% |11.15% |12.51% |n.a | |Return on Equity |3.53% |4.51% |5.08% |n.a | | | | | | | |Activity Ratios | | | | | |Inventory Turnover |10.09 |9.70 |9.79 |n.a | |Accounts Payable Turnover |9.44 |12.17 |12.17 |n.a | |Payment Days |27 |32 |29 |n.a | |Total Asset Turnover |0.39 |0.40 |0.40 |n.a | | | | | | | |Debt Ratios | | | | | |Debt to Net Worth |0.02 |0.02 |0.02 |n.a | |Current Lab. to Liab. |1.00 |1.00 |1.00 |n.a | | | | | | | |Liquidity Ratios | | | | | |Net Working Capital |$445,956 |$495,134 |$551,114 |n.a | |Interest Coverage |0.00 |0.00 |0.00 |n.a | | | | | | | |Additional Ratios | | | | | |Assets to Sales |2.56 |2.52 |2.50 |n.a | |Current Debt/Total Assets |2% |2% |2% |n.a | |Acid Test |27.90 |34.77 |36.42 |n.a | |Sales/Net Worth |0.40 |0.40 |0.41 |n.a | |Dividend Payout | 0.00 |0.00 |0.00 |n.a | Table: Sales Forecast Sales Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12SalesFood$19,346 $19,733 $20,128 $20,531 $20,942 $21,361 $21,788 $22,224 $22,668 $23,121 $23,583 $24,055 Dining Beverage$1,000 $1,102 $1,124 $1,146 $1,169 $1,192 $1,216 $1,240 $1,265 $1,290 $1,316 $1,340 Bar Beverage$2,306 $2,352 $2,399 $2,447 $2,496 $2,546 $2,597 $2,649 $2,702 $2,756 $2,811 $2,867 Total Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Food$5,705 $5,990 $6,290 $6,604 $6,934 $7,281 $7,645 $8,027 $8,428 $8,849 $9,291 $9,756 Dining Beverage$102 $105 $108 $111 $114 $117 $121 $125 $129 $133 $136 $139 Bar Beverage$602 $639 $664 $697 $732 $769 $807 $847 $889 $933 $980 $1,029 Subtotal Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924  Table: Personnel Personnel Plan Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Owner/Manager$2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 Head Cook$1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 Asst. Cook$648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 Head Waiter$1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 Waiters$1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 Bartenders$696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 Dishwashers$522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 Total People14 14 14 14 14 14 14 14 14 14 14 14 Total Payroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171  Table: Profit and Loss Pro Forma Profit and Loss Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Costs of Sales$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Gross Margin$16,243 $16,453 $16,589 $16,712 $16,827 $16,932 $17,028 $17,114 $17,189 $17,252 $17,303 $17,338 Gross Margin %71.71% 70.96% 70.14% 69.28% 68.38% 67.46% 66.51% 65.54% 64.54% 63.50% 62.44% 61.35% ExpensesPayroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Market ing/Promotion$750 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 Depreciation$0 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 Supplies$50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 Utilities$700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 Insurance$417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 Maintenance$100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 Office Expense$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Payroll Taxes10% $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 Phone/TV/Internet$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Propane$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Property Tax$209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 Acct Legal $5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operating Expenses$17,514 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 Profit Before Interest and Taxes($1,271)$3,094 $3,230 $3,353 $3,468 $3,573 $3,669 $3,755 $3,830 $3,893 $3,944 $3,979 EBITDA($1,271)$4,189 $4,325 $4,448 $4,563 $4,668 $4,764 $4,850 $4,925 $4,988 $5,039 $5,074  Interest Expense$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0  Taxes Incurred($381)$928 $969 $1,006 $1,040 $1,072 $1,101 $1,126 $1,149 $1,168 $1,183 $1,194 Net Profit($890)$2,166 $2,261 $2,347 $2,428 $2,501 $2,568 $2,628 $2,681 $2,725 $2,761 $2,785 Net Profit/Sales-3.93% 9.34% 9.56% 9.73% 9.87% 9.96% 10.03% 10.07% 10.07% 10.03% 9.96% 9.86% Table: Cash Flow Pro Forma Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Cash ReceivedCash from OperationsCash Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Subtotal Cash from Operations$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Additional Cash ReceivedSales Tax, VAT, HST/GST Received0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Other Liabilities (interest-free)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Investment Received$350,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Received$372,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Table: Cash Flow (Continued) Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Expenditures from OperationsCash Spending$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Bill Payments$299 $8,830 $5,065 $6,547 $12,875 $13,296 $13,734 $14,188 $14,661 $15,152 $15,663 $16,194 Subtotal Spent on Operations$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Additional Cash SpentSales Tax, VAT, HST/GST Paid Out$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Principal Repayment of Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Long-term Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dividends$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Spent$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Net Cash Flow$364,182 $6,186 $10,415 $9,406 $3,561 $3,632 $3,696 $3,754 $3,803 $3,844 $3,876 $3,897 Cash Balance$364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Table: Balance Sheet Pro Forma Balance Sheet Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12AssetsStarting BalancesCurrent AssetsCash$0 $364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Inventory$26,000 $19,591 $12,857 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Current Assets$30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 Total Current Assets$56,950 $414,723 $414,175 $418,795 $428,551 $432,480 $436,499 $440,601 $444,781 $449,031 $453,344 $457,712 $462,126 Long-term AssetsLong-term Assets$329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 Accumulated Depreciati on$0 $0 $1,095 $2,190 $3,285 $4,380 $5,475 $6,570 $7,665 $8,760 $9,855 $10,950 $12,045 Total Long-term Assets$329,800 $329,800 $328,705 $327,610 $326,515 $325,420 $324,325 $323,230 $322,135 $321,040 $319,945 $318,850 $317,755 Total Assets$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Table: Balance Sheet (Continued) Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Current LiabilitiesAccounts Payable$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Current Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Paid-in Capital$402,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 Retained Earning s($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)Earnings$0 ($890)$1,276 $3,537 $5,884 $8,311 $10,812 $13,381 $16,009 $18,690 $21,415 $24,176 $26,961 Total Capital$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711 Total Liabilities and Capital$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Net Worth$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711  INFORMATION AND FORMS ARE PROVIDED AS IS WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF 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This template form allows a business to outline the companys objectives and detail both current company information as well as any past performance. Companies should include a complete market analysis in their plan to help showcase why their business strategy will be effective in the market. Future company plans, including production targets, management strategy, and financial forecasting, should be used to demonstrate and confirm that the companys short-term and long-term objective can and will be met. This model plan can be customized to best fit the unique needs of any entrepreneur or owner that is seeking to create a strong business plan. Business Plan for Restaurant Bar and Grill This Business Plan for a Bar and Grill Restaurant allows entrepreneurs or business owners to create a comprehensive and professional business plan. This template form allows a business to outline the company?s objectives and detail both curren[pic][?]