Permits and Licenses:
Our first step in establishing our business is to acquire the various licenses and permits to operate in the City of Edmonton. Our business fits under a commercial school category, and thus we must pay a $220 fee, combined with an Edmonton Fire Rescue inspection. Since we are operating in a low-medium fire-risk environment the fee is $60. One can apply for the business license and the inspection online by submitting to the City of Edmonton Current Planning Department.
Insurance:
We have contacted a State Farm representative and have been granted vehicle insurance and a liability insurance policy
Bank: Our business has confirmed a creation of a bank account with Canadian Western Bank in Old Strathcona. We will
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One Windows computer is also required for administrative purposes such as drafting invoices and schedules at the headquarters. However, all four owners possess a Mac laptop and thus do not require a separate computer in the workplace. In addition, our company requires 7 chairs, 3 long desks, one large bench, and two tablets - one for in-house and one for on-site appointments. Furthermore, we require an opening sign, an alarm system, a safe, a coffee machine, a mini-fridge, and filing cabinets.
Management:
The four owners of the firm will specialize in each of the following management areas: marketing, finance, community relations, and human resources. Our qualifications as business students save us the costs of outsourcing management roles and keeping them internally. Furthermore, all four owners at the inception of the business will deputize as technicians. Marketing will be managed by Molly and will be responsible for making decisions about target segments, branding, pricing, promoting and instilling positive internal marketing.
The management of finances will be undertaken by Qingling. She will prepare and review for instance employee paycheques, annual financial statements, cash flow and implement internal control measures. For example, to ensure that reasonable assurance exists for the internal control of cash, all
Marketing is the management procedure in which the product or service is moves from concept to the customer. It includes the co-ordination of the 4 P’s of marketing: product, price, placement and promotion. [tutor2u.net]
Marketing- Infilling a market lead ethos thought out, researching on external opportunities to understand current and potential customers, developing the marketing plan and strategy. Managing budgets and market success.
Nowadays offices use a large and varied amount of equipment to complete everyday tasks efficiently and effectively. The main ones found in most offices are: computers, printers, photocopiers, faxes, telephones.
What is marketing? Marketing is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods, and services to create exchanges that satisfy both individual and organizational goals. Marketing also include being able to get the goods from the producer to the consumer. The producer is responsible for the design and manufacture of goods. Marketing also includes market research and product development, design, and testing. Marketing concentrates primarily on the buyers, or consumers and determining their needs and desires. Companies then need to stress the availability of products and the important product features. You then need to develop strategies to persuade them to buy and keep their satisfaction with the product. Marketing management includes planning,
It follows a strong internal control system for cash. A separate person is appointed to approve all purchases, payroll and any disbursement of cash. At the end of each month company prepares bank reconciliation statement to reconcile cash book balance and bank statement balance. Company keeps proper inventory record system. All these prevent frauds and ensure smooth functioning of the business.
State Farm has asked whether it has a duty to defend the insured pursuant to the insured’s homeowners policy. It is our opinion that State Farm has no duty to defend the insured under the insured’s homeowners policy. The insured’s homeowners policy entitled the insured to a defense for “a suit brought against an insured for damages because of bodily injury or property damage to which this coverage applies, caused by an occurrence.” In this case, these elements initially triggering the insured’s homeowners policy are likely satisfied. Nevertheless, the SECTON II – Exclusions section provides that the liability coverage does not apply to any of the fifteen exclusions specifically enumerated therein.
Growing up in Brooklyn never had any significant meaning to me. Brooklyn itself was just the little island where my home was located in, I didn’t think of it as my home in its entirety. Maybe it was because I wasn’t much of an explorer. Maybe it was because I was too young to be an explorer, although I don’t believe anyone is too young or too old to be intrepid. Either way, Brooklyn wasn’t a place that carried any importance to me. While I was growing up, it was my mother’s confined, one bedroom apartment, that brought me, and the people I grew up with, solace.
Also the computers are used for us to submit payment information and claims to the insurance companies which is a huge part of our job as a front office
The property is located on Greek Street close to the junction with Park Row in the heart of the financial and commercial core. Leeds city railway station and main shopping area’s are within easy walking distance of the property. Aquis House lies in one of Leeds most sought after locations with convenient access for both business and retail areas, as well as many local and national leisure and restaurant outlets.
1. Consider this scenario. You and four friends have developed a new environmentally friendly heater. You all have extensive business experience. Together, you have established a new company, Green Heaters Pty Ltd ACN 512 302 XXX, which will manufacture and sell the new heater to wholesalers. The five of you will comprise the board of directors.
Each doctor, nurse and member of the staff will have access to their own workstation, a Dell Vostro 260 Slim. These desktops will come with their own twenty-four inch wide monitor and one year of Dell ProSupport all at a cost of $654 for each. Each of the five buildings was specified to have 10 workstations; however each building will have fifteen workstations instead. This way there will be spare systems in case of any potential growth to take place in any of the offices. The spares can also be used as a replacement workstation
Managers and supervisors should understand financial information relating to costs, operations, assets, credit analysis, GST transactions, inventory management, invoices and accounts, ect. This will allow them to monitor and control cash
Political factors cover regulations that businesses and industries must comply with from a legal and lawful stand point. These regulations and laws are directly affiliated with the government, which vary from state to state. It is important for companies to bring high attention to these factors because it sets the guidelines and framework for how a company operates. State Farms operation and services in the auto insurance industry must vary from state. Specifically in New York, according to the New York’s department of financial services, the state law requires auto insurance policy holder to have the minimum liability requirements of $10,000 for property damage, $25,000 for bodily injury, and $50,000 for bodily injury for two or more people (NYSIR, 2015). This means that policy holders are not able to operate a motor vehicle without this minimum coverage. Also, State Farm, as well as other auto insurance companies, are not able to issues any coverages that does not meet this requirement.
Creative Pool informs us “Most of the work is desk-based and offices tend to be modern and well-lit. Marketing managers may be expected to attend a lot of meetings and make regular presentations. Some positions may require a lot of travel, particularly when working for an international company” (Creative Pool). During the day one will also have to observe the market and sales trends of the competition as well as their own company’s and analyze them to try and plan their next move. They are expected to try to improve existing products, create future plans to meet goals, and keep promoting the company’s current product. A Marketing Manager should keep setting budgets to try and make sure the company is always staying above water. They will need to make sure they are creating strategies for targeting the market that their product is meant for and communicating with them. They are also responsible for staying in touch with other departments such as sales and distribution to maintain an exceptional relationship with them.
American Management Association: Marketing (management) is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, services to create exchanges that satisfy individual and organisational goals.