Our business is a babysitting, or childcare, which is ran by Sophia Warren and Michael Matthews. This business is intended to be a side job for extra money in college, not a full time job. Sophia will work as the secretary, responsible for scheduling babysitting appointments, contacting customers, and recording customer emergency contact information. Matthew will be the treasurer, managing all the profits, paying the loan payment, and in addition be responsible for all advertising. The profits and losses will be split evenly at 50% each.
The service is targeted towards parents who need child care. We will need a $200 loan from the bank to pay for child-care classes to be certified and more trustworthy, which costs about 50 dollars each. In addition we will use the remaining 100 dollars to buy entertainment to bring for the kids. This is a four dollar monthly payment on the loan. For our services, we will charge 7.50 dollars per hour to watch the kids. Also, will not be hiring any employees because we are keeping the business small, dividing the jobs evenly between us. We will be able to work out of our homes, because we will go to the customer's house to babysit their child or children, so their will be no rent.
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The marketplace, in our society, is a great place to make big profits, but if you fail, can also leave you broke. We learned about the risk of taking out large loans, which is why our business took out a small loan, instead of taking a larger loan to more widely expand our business. Because our business was providing a service we learned that the services must be either in high demand, or priced higher to earn enough money to be a viable business. We now have a new appreciation for capitalism and the entrepreneurs in our society who help grow the economy, understanding that starting a business takes lots of time and tolerance for
My heart raced uncontrollably as I waited for my turn to come. I was sitting, for the first time, in a classroom in the United States, surrounded by people who were at least 2 years older than I was. Professor Knapp had asked for each one of us to stand up and state the reason why we were taking the Entrepreneurship course that summer at the University of Southern California. I thought I was prepared to answer what seemed like such a simple question, until I heard the responses that my fellow classmates were giving. “I want to expand my apparel business to other states” “I want to make even more than the 70 thousand dollars I made in the stock market last year” “I want universities to encourage the use of the app I built”. What was I supposed
In the last several years, as we have seen some of the major financial conglomerates collapse, when Wall Street carries some negative connotation, investors’ attention turns to the companies who work primarily with Main Street, specifically those folks who create capital and own assets. A lot of these businessess would not strike you as super wealthy, yet it is the small businesses that proved to be the most resilient during the hard economic times.
When he was a sophomore in high school, Barry Minkow founded a carpet cleaning company - ZZZZ Best Company in his parents’ garage. At that time, the carpet cleaning industry has few entry barriers and all Minkow needed was a small amount of start-up capital. However, he soon found out that his firm was actually tough to survive in the industry as the ease of entry means fierce competition. The young man encountered a series of trouble: bad checks, complaints from customers, urge for payment from suppliers and finally the shortage of working capital. Not surprisingly, the bank refused to loan money to his low profit margin company.
Chapter 6 dives into the insufficient child care system of the United States. In addition to the challege of obtaining paid leave from work, women also bear the burden of finding affordable and safe child care. The dramatic waiting list for most child care services and the lack of financial resources leaves women no choice but to exit the workforce or to settle below the poverty line in order to recieve assistance. Access to quality child care is much more difficult for low wage workers that have to work all hours of the day and that do not receive any paid vacation or sick leave. With minimal government interference, women are left with no option but to leave their children at home to raise themselves. The Lanham Act that provided government
Focus: Opening a non-profit, halfway house for juveniles to assist them with getting back on their feet by offering career classes, resume writing services/classes, etc.
Initially published in 1845 by Dr. Benjamin Spock, The Common Sense Guide to Baby and Child Care revolutionized parenting, and thus, the upbringing of an entire generation and those following. As society changed, new editions of the original handbook emerged to fit the lifestyle of the current population. Dr. Spock wrote seven editions of The Common Sense Guide to Baby and Child Care alongside a prestigious pediatrician, Steven Parker, before his death in 1998. I read the ninth addition of the manual, revised by pediatrician Dr. Robert Needleman, which includes modern-day ideas such as eating disorders in teenagers and applying to college.
Through interviewing Joyce I gained insight into a strong philosophy, leadership style, and how her background experiences have created the director she is today. When deciding to become a director of a daycare, there are two options: opening and owning your own center or directing an established or corporate owned daycare. While I have done much research on owning my own daycare, I have little experience about what it would be like to be the director of an established center. Financial responsibilities and budgeting are also two aspects that are important, but the level of responsibility is drastically different in each scenario. Lastly, legal and ethical responsibilities exist in either scenario as well.
Hello my name is LaTonja Campbell. I am the owner of Another Opportunity Staffing. We are a staffing service that provide employment for young adults 15 years old and older. We also specialize in finding employment for people with felonies as well. We are a newly staffing company looking to contract or partner with you to employ workers or people with professional business owners as
“Helping a great business to realize its potential takes a lot more than just capital. It is ultimately about the people, thus your
Someone once said that “Change always has an outcome.” This means that every change you make has a result, every choice you take has a consequence, and everything that happens has an effect. The outcomes of change can be shown through a person’s life, through a text and through the world itself.
Small businesses are the core of the engine that runs the American economy. They are a very intricate and essential part of what makes America strong. Annually there were approximately 400,000 new small businesses started every year in the United States of America. Before the recession the normal business closure for companies in America were approximately 100,000 annually. This rate of exchange between new and closing businesses is known as “the birth and death rate of American companies”. After the recession the death rate of businesses in the United States has increase exponentially, growing from 100,000 companies a year to approximately 470,000 companies closing annually (Joseph, 2014). Most may think this is a result of the recession,
My first day of babysitting wasn't my idea of a fun time. It totally changed my mind about getting up close and personal with kids while playing any sort of game or doing any activity. I started babysitting when i was 14 to make a little cash and it wasn't a big problem because i absolutely loved little kids. I babysat for my moms friend, Sarah. I've known her since i was just a toddler, so i grew up being very close to that family. Then she had a baby and i was so excited because i would have a new buddy, i was hoping for a girl but that didn't happen. So she had a little boy named Ben. He was adorable, and i have always loved little babies.. As he got a little older, Sarah needed a weekend babysitter so she came and talked to my mom
First of all, I am thanking you for considering me to be apart of your childcare team. I have a wonderful and charming personality and energy for children. And most importantly, every child that I have personally been with no matter how sweet and naughty they are I can get them to be the best child. In the summer of my sophomore year I have already personally worked at a childcare as a teenage volunteer four to five days a week and I have always gotten great feedbacks from parents. I have also interned at an elementary school for two weeks as a teacher’s assistant for a first grade class after those two weeks I would still visit the children’s sometimes and all of them they loved. And for the last five years I have been apart of my church’s
Deciding to invest in a business that will put your skills to work can be tough. Most have the mindset of, “starting from the bottom, and now you’re here.” Establishing a business from the ground can be challenging at first, but after years of evolution in the business can be rewarding. Little did Larry and Bonnie Merritt know, their baked goods would become high demand for the community in Tulsa, Oklahoma. Starting the business themselves, the Merritt’s pursued their business that is still to this day open for the public. Taking a deeper look into their organizational structures, can create a positive impression that this family worked hard to keep up with the demand.
Numerous large businesses that are operating today were once started as small businesses. A new business is established to create a good or service that no other businesses have ever created or simply a product of higher quality than existing products, with the purpose of meeting customers’ needs and earning profits. Due to the technological advances at the present time, starting and operating a new business is less laborious. Nevertheless, would-be entrepreneurs should be familiar with the proper approaches to start their businesses.