experience good or bad?)‚ next it analyses what can you make from this situation or event then last but not least drawing a conclusion-what could you done differently in this situation? Finally‚ you must draw up some action plans in case it happens again what will you do. (qmu [7/10/2014]). Figure 2: Gibb’s cycle My preferred reflexive model is Gibbs‚ whose cycle provides further detail to reflections and also suggests following steps. Now lets demonstrate this model in relation to my first
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There are many different advantages and disadvantages of different types of business ownership‚ such as being a sole trader‚ in a partnership‚ franchises and limited companies. Sole Trader The advantages of being a sole trader are as follows; They are easy to set up – There are very few complicated forms to fill in and sole traders can set up and run a business almost immediately. They are easy to run – The owner can do what they want‚ when they want‚ without consulting with colleagues
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WEEK 1 HOMEWORK | Entrepreneurial Finance | Professor: Caryl Pedersen | | Roxanne Robinson | 5/12/2013 | Chapter 1: Exercises/Problem #1 pp.33-34 1. [Financing Concepts] The following ventures are at different stages in their life cycles. Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing. A. Phil Young‚ founder of Pedal Pushers‚ has an idea for
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Imagine being a flapper in the 1920’s. Disobeying parents‚ breaking new boundaries with flapper fashion and attending late night parties surrounded by the thick cigarette smoke hearing the loud jazz music. Witnessing the shiny pearl necklaces cascading down the other flappers’ necks and hearing the click of their heels against the ground as they dance. The thoughts of sneaking out tonight and worrying about getting caught by parents but ignoring those ideas for the time being and focusing on the
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Korea‚ Thailand and Turkey. Question 2. The financial statement of the Tesco PLC have audited for the financial year ended 23 February 2013 which includes the Group income statement‚ the Group statement of comprehensive income‚ the Group balance sheet‚ the Group statement of changes in equity‚ the Group cash flow statement and the related notes. The financial reporting framework that has been applied in their research is relevant law and International Financial Reporting Standards (‘IFRS’) as adopted
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Xiaoyu Jin 1 A company overview The McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants‚ serving around 68 million customers daily in 119 countries across 35‚000 outlets (See Table 1). Headquartered in the United States‚ the company began in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald; in 1948 they reorganized their business as a hamburger stand using production line principles. Businessman Ray Kroc joined the company as a franchise agent
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Milton S. Hershey failed three times before finding success in the candy business. He had refused to give up on his expedition to prosper in this particular market. Starting his failed businesses with a wide variety of candy‚ he then had success after making caramel a priority. That was until he discovered chocolate. The result was what you recognize as the Hershey Chocolate bar. The empire he built was based on one goal: to bring chocolate to everyone at an affordable price. Beginning his life
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Reader´s Club An editorial company that sells books‚ is in an expansion period and the management has decided to carry out a Management Control to find improvement opportunities. One of the areas to review is the efficiency of the sales department‚ which includes the selling expense control. The controller has collected the following information: Activities and lines of product Books are sold on a door to door basis by the personnel in the selling department. Once the orders are placed‚ they
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To Form an LLC or Not A limited liability company (LLC) is one of many ways to formally structure a business. The best way to describe an LLC would be as a cross between a sole proprietorship/general partnership and a corporation. “The "LLC" has only been in existence for roughly 26 years and there are some definite pros and cons” (Chapo‚ 2007). Advantages of LLCs There are many benefits to forming an LLC. They are easier and less expensive to start than other forms of business‚ but not every
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Date: 10/11/13 MEMO: To: Moe‚ Larry‚ and Curly From: Brian Ladenheim Date: 10/11/13 Subject: Entity Selection on Oliveology Congratulations on your newest venture. We know you have a lot of options when choosing a consultant and are thrilled we will be able to assist you. We understand you are contemplating the entity of choice for your company. After immense research we have come to the conclusion the best option for Oliveology is to be an S Corporation. There are many benefits of this entity
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