IDP 2: Managing Financial Resources and Decisions
Assignment
Introduction
All businesses need finance because that refers to sources of money for business. The reason why firms need finance to:
- Start-up a business – eg: pay for premises, new equipment and business strategies short-term or long-term.
- Run the business – eg: having enough money to pay for rent, rate, bills, wages and suppliers on time.
- Expand the business – e.g.: having funds to pay for new equipment, new office or a branch in a different city or country. (BBC News, 2014)
Therefore, to start trading, the financing is most important contribute to success. However, star-up trading often have a difficult time and a long time finding sources of financing for initial
…show more content…
That time for relaxing to eat some cakes and enjoy with a cup of tea. Based on that I have decided start-up a small business – it’s a teahouse which similar to Starbuck or Costa coffee.
Customers could come to buy drinks in this case tea to drink in/take away. I want to bring tea cultural of Vietnam to the UK, introduce and make refreshing style afternoon tea. Instead of serving only one kind of tea, my teahouse able to produce many kind of teas such as lotus tea, jasmine tea, fresh leaf tea etc. and salad fresh fruit, frappe fruit, it’s healthy way to enjoy afternoon tea. Tea drinking makes people feel more relax and comfortable, light snack made of rice flours, which is much lighter than cakes made by flour. Besides, definitely tea is not only a drink but also as remedy to cure head-each, good for indigestion it’s a good idea for health in modern busy city life. The subjects I was directed to everyone in the class society, not only the aristocracy and upper but also everyone can enjoy. No class in division in TEA DRINKING.
Please see pictures provided above and below for example of Vietnamese Tea culture which is wide spread though out Vietnam.
1.2 Detail financial planning
After finding out my purpose, I believed that the most important first step is having gotten a list of detail about finance for my business such as how much funding I need and what exactly the funding will
Beginning a new business venture sounds like a easy task. All you need is a great idea, opportunity to select your team so you can begin to make some moves and find a few investors to invest in to this dream you have. Before you know it you are making a profit and moving onto a new location. Sounds easy but there is much more that goes into starting a new business than most people may know. To accomplish this, the business has to satisfy several objectives that exclusively add to the business. This paper will narrate some of the particulars of previous works from week two, three, and four with information such as the business and
Saberi, H. (2010). Tea Comes to the West. In Tea:A Global History. [Adobe Digital Editions Version]. Retrieved from http://site.ebrary.com/
options to obtain the needed capital and how you would approach securing this type of financing.
In both the movie and book, Ender’s Game offers a great variety of events. Both were very interesting pieces, but they were told in different ways. There was things in both versions that made it unique and have its own spin to the story. In addition, there were some similarities and differences that could be seen, and others that were hardly recognizable. This shows us that we can’t just skip the book and watch the movie because it is different in its own way.
Tea became popular for British royalty because of Catherine of Braganza. Catherine was a devout tea drinker and married Charles II. With that marriage came a dowry that included a chest of tea. This was popular with upper class England because
Even though the company has been turning in profits, the ineffective collection practice, not availing trade discounts on time and ineffective inventory management has led the company in need of larger financing needs.
The film Pocahontas, produced by Walt Disney films, portrays the tension between the Powhatan tribe and English settlers during the establishment of Jamestown, the first permanent English settlement in the "New World." In examining this film using the article "Ten Quick Ways to Analyze Children's Books for Racism and Sexism," it quickly becomes apparent that although there are forms of racism as described in the article (what will be referred to as traditional media racism'), the crux of the film's racism is beyond blatant stereotyping and marginalization. While the white settlers clearly have a conquering ideology laced with ideas of racial superiority, this attitude is offset by Powhatan's steadfast adherence
Attention getter: In the East tea has always been looked at as playing a major role in having good health, happiness, and wisdom, and it has now begun to gain more attention from researchers here in the West.
Van Gogh, who struggled with mental illness all his life, painted Starry Night during a stay in an asylum; the scene includes elements of the real-life view from his window (3.8.12). The artist infused the scene with his own emotions: one can sense the very physical act of applying the thick paint (impasto), and Van Gogh’s energy, in swirls that show movement in the sky and the light emanating from the stars. A cypress tree, resembling flames reaching up to the sky, fills much of the left side of the canvas. The church in the distance may hint at Van Gogh’s personal trials with religion; some believe it relates to his childhood church in The Netherlands.
Knowing Chinese tea culture thoroughly is a wise way for people to explore the Chinese society and culture. As a traditional drink, it has been planted and consumed for over five thousands years. The climate of China is perfect for growing tea, which leads to large quantities and good quality of tea. According to the line diagram, “Dynamics of manufacture of tea in China, thousand tons” there were about 1,200 thousands tons of tea manufactured in 2008, which made China the biggest tea manufacture country in the world. As we can see, tea has a special position in Chinese society. Due to its popularity, Chinese tea gradually raises international interest, and leads China to be a more influential country in the
It involves defining a clear company mission, setting supporting objectives, designing a sound business portfolio and coordinating functional strategies.
Banks issue credits to organizations seeking funds for there ventures. The bank usually “prefers a self-liquidating loan in which the use of funds will ensure a built-in or automatic repayment scheme” (Block & Hirt, 2005, Chapter 8, p.
Q3. Does the company have any other sources that it could use to raise the funds it requires? Explain. (In your answer consider the amount required and the purpose of the funds). In which market can these funds be sourced from?
There are various reasons why finance may be required. Some of the reasons for obtaining finance include to start up a new business, to expand an existing business, to be able to deal with unexpected problems in an existing business, and to be able
The purpose of this assignment is to study the finance sources available to a company. Here according to the assignment requirement, we have to select a British public company to study the available sources of finance from where the firm collects its capital requirement. Following the guidelines we have to analyze various sources with their potentiality and then we make viable analysis of Cash and sales budget. Here some salient financial ratios are employed for the purpose of analyzing the financial statement of the company.