Financial Accounting Assignment: You Are an Entrepreneur
Introduction
In nowadays tide economic situation it is became more than hard for graduated students and even professionals to ensure they will find a suitable job and keep it for long. Many people are forced to stay in job they don’t like or that is not aligned with their education background just to survive and to be able to meet their basic needs. In light of this reality I decide to create my own business in partnership with a former colleague. The business name is Talent Source located in Baltimore.
1. Describe the type of business you have created
a. The product or service, and general staffing plan. Provide a rationale for your plan.
Talent source is a human resources consulting company located in Baltimore Maryland specialize in providing a various quality Human resources services to feel the gaps faced by many organization in this domain. Our target is NGO and newly created companies like Talent Sources. Our aim is to provide high quality and very competitive services to our customers to allow them to save money while enjoying the excellence.
The co founder of the company, have both a background in human resources, with a long and fruitful past experience, working with private sector and NGOs. This expertise gives us a valuable insight of the human resources market and the general common gaps faced by customers. We will use our education skills (MBA with concentration in human resources) and our knowledge of the human resources field to attract and maintain customer through the quality of services offered at a low price compared to the market practices. We will use our personal and professional relationship to build our reputation and generate services for our Company.
We will be offering our services in the following human resources areas: Recruitment and selection Career and succession planning; Professional development; Performance management Benefit and compensation; Personal management and payroll system; Interpersonal communication;
In nowadays tide economic situation it is became more than hard for graduated students and even professionals to ensure they will find a suitable job and keep it for long. Many people are forced to stay in job they don’t like or that is not aligned with their education background just to survive and to be able to meet their basic needs. In light of this reality I decide to create my own business in partnership with a former colleague. The business name is Talent Source located in Baltimore.
1. Describe the type of business you have created
a. The product or service, and general staffing plan. Provide a rationale for your plan.
Talent source is a human resources consulting company located in Baltimore Maryland specialize in providing a various quality Human resources services to feel the gaps faced by many organization in this domain. Our target is NGO and newly created companies like Talent Sources. Our aim is to provide high quality and very competitive services to our customers to allow them to save money while enjoying the excellence.
The co founder of the company, have both a background in human resources, with a long and fruitful past experience, working with private sector and NGOs. This expertise gives us a valuable insight of the human resources market and the general common gaps faced by customers. We will use our education skills (MBA with concentration in human resources) and our knowledge of the human resources field to attract and maintain customer through the quality of services offered at a low price compared to the market practices. We will use our personal and professional relationship to build our reputation and generate services for our Company.
We will be offering our services in the following human resources areas: Recruitment and selection Career and succession planning; Professional development; Performance management Benefit and compensation; Personal management and payroll system; Interpersonal communication;
References: Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso, accounting principles 2012 Microsoft Corporation, Template http://office.microsoft.com/en-us/templates/pro-forma-income-statement-TC101877359.aspx A Securities and Exchange Commission Staff Paper November 16, 2011, A Comparison of U.S. GAAP and IFRS http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/how-write-business-plan University of Washington, Financial Accounting, http://f2.washington.edu/fm/fa/internal-controls