Social Media And Its Impact On Business Essay - 2535 Words

Introduction Social Media has become about much more than just gaining retweets, fans, friends and likes. There are some characteristics about it which can lay a helping hand in improving and growing your business. With Social media you get the opportunity to better understanding your business and its various aspects. It is also considered to be one of the best ways to grow your business. In other words sharing content, ideas, thoughts, and images with hundreds of followers isn’t sole perk of social media. Many Business Men and Women around the world have noted that social media has contributed to the growth and success of their businesses. Nonetheless there are those who do not believe in this idea at all. In this post we will show 5 benefits of social media which every business owner should know about. This, we hope, will turn profaners into believers. 1. Increase Brand Awareness Your company could be offering one of the greatest products worldwide, but until and unless customers are unaware about said product, it is essentially useless. Now because no one knows about your product that means there would be no sales and thus your business will be performing under loss. So for this reason it becomes very crucial that you as a business create brand awareness. For creating and increasing brand awareness you should ensure that best marketing strategies are used for products visibility. Once you have come to a point where you start generating sales, make sure theShow MoreRelatedImpact Of Social Media On Business Essay1288 Words   |  6 Pagesin the direction of social media. Now, more than ever, consumers are wary of businesses and advertisements. As a result, the trust falls to a third party – a brand or person who is not affiliated with the company receiving the promotion. What does that mean for your business? Businesses are encouraged to become their c onsumers’ friends, chatting about a product or something related, in a manner that is non-threatening, and even enjoyable. The most effective way for a business, no matter the sizeRead MoreSocial Media And Its Impact On Business1641 Words   |  7 Pagesof and use social media they only think of it from a personal view. However, more and more companies have discovered that this electronic network can be used for business purposes as well. Social media can provide a platform for companies to share knowledge and opinions, and announce information to their audience of followers. It can also generate valuable data about how a company’s customers think, shop, vote, and spend their leisure time. Many companies have incorporated social media in their businessRead MoreThe Impact Of Social Media On Business Essay1644 Words   |  7 PagesThe relentless emergence of the diverse Social Media platforms has been impacting the way people and businesses interact and communicate wit h each other. The purpose of the paper is to highlight the dynamics by which businesses and particularly Business to Business (B2B) companies attract customers and promote their products and services to them using social media. With an increasing competitiveness in various fields and the innovative ways marketers use to bring new prospects, some businesses haveRead MoreImpact Of Social Media On Business2529 Words   |  11 Pagesknown as social media. Social media supports interpersonal communication and collaboration through the use of internet-based platforms. Facebook, LinkedIn, Twitter, and Instagram are some of the well-known sites that are used by hundreds of millions of people. Although only 18 percent of managers believe that social media is important for their business today, more than 63 percent assert that they will be important for business within three years (Kiron et al. 2012). The economic impact of social mediaRead MoreSocial Media Impact on Business10631 Words    |  43 PagesContents: 1. Introduction 2 2. Social Media and Business 2 3. Types of Social Media and Their Importance for Companies 4 4. Social Media Functionality Blocks and Their Implications for Companies 7 5. Social Media and Information Half-life and Depth 10 6. LinkedIn Poll 12 7. Recruitment and Search for Talent 13 8. Advertising and Brands Enhancement 17 9. Customer Profiling and Customer Service and Realtionship Management 21 10. The Future of Social Media 25 11. Conslusion 28 12. References 29 1Read MoreImpact Of Social Media On Business1820 Words   |  8 PagesImpact of Social Media on Business: Effects of Social Networking Sites on Organisational / Academic Performance of London College of Business Management and Information Technology (LCBMIT) Index 1. Introduction 2. Background 3. Research Objectives and Methodology 4. Conclusion 5. References 6. Appendix A Introduction: The present study investigates the effect of use of Social Networking sites on organisational performance of LCBMIT. Blogs, tweets, moodle, and discussion boards, facebook updatesRead MoreSocial Media Impact on Business10637 Words   |  43 PagesContents: 1. Introduction 2 2. Social Media and Business 2 3. Types of Social Media and Their Importance for Companies 4 4. Social Media Functionality Blocks and Their Implications for Companies 7 5. Social Media and Information Half-life and Depth 10 6. LinkedIn Poll 12 7. Recruitment and Search for Talent 13 8. Advertising and Brands Enhancement 17 9. Customer Profiling and Customer Service and Realtionship Management 21 10. The Future of Social Media 25 11. Conslusion 28 12. ReferencesRead MoreImpact Of Social Media On Business Essay2383 Words   |  10 Pagestechnology expands, companies and business are gravitating more toward implicating the use of social media. The use of social media can be extremely beneficial to consumers and the business its self. Some of these benefits are the expansion of a business consumers, easier ways for employers to scout out potential employees. Social media also widens the sales market and improves customer satisfaction. Technology will continue to progress and so will the realms of social media. This study will answer theRead MoreThe Impact Of Social Media On Business1720 Words   |  7 Pageswith the creation and evolution of social media. Social media websites such as Facebook and Twitter allow for a greater interaction between businesses and their customers. There are many different ways that businesses use social media today to promote their brand. For example, some companies offer special promotions for thei r social media fans. The number one focus when using social media is communication between current and potential consumers and the business itself. This may be in the form ofRead MoreThe Impact Of Social Media On Business933 Words   |  4 PagesLast year, Sterling argued that there are 25 million active business Pages on Facebook. After the world has entered the Internet age, the internet is not only means large information, but also means communication. The social media is one of the communication tools. Recently, people discovered the increasing number of people using social media. Tesikerdekis and Zeadally (2014) states that people find the number of humans that use social media have a 64% growth since 2005; for example, People who use

The Problem Of Environmental Protection Essay - 1972 Words

Theodore Roosevelt had once said, â€Å"The nation behaves well if it treats the natural resources as assets which it must turn over to the next generation increased, and not impaired in value†. These words have resonated since and have been an example as to why it is our duty as inhabitants of this planet to provide protection to the ever so fragile environment. But what is Environmental protection exactly? Well it is one of the most important, and expensive problems businesses and society are facing today. Why you may ask? Since the industrial age all the countries around the world have been burning an assortment of fuel to power factories, vehicles, heat homes, and even to cook with and when these fuels are burned they emit carbon dioxide and various other chemicals which over time add up and take a very long time to breakdown. As a result they trap heat from the sun in the earth’s atmosphere raising the global temperature and causing a domino effect on the environme nt. Likewise companies produce hazardous waste and dump them illegally in waters which kills vast amounts of marine life. Although laws are in place to protect the planet, inventions are slowly being created to provide alternative sources of energy and agencies already exist to protect the environment. However it is our duty as people in a society to act on our own by demanding for our government to show greater concern for the environment by reforming environmental protection laws with stricter guide lines,Show MoreRelatedEnvironmental Activism in China1130 Words   |  4 PagesEnvironmental Activism in China I. Introduction China witnesses rapid economic growth after the economic reform in 1978. This economic development brings people great wealth and also a huge cost on the environment. Water and air pollution are among most serious environmental problems, others like soil retrogression and degradation, deforestation, and human health problems coming with these issues are becoming more severe too. In addition, due to China’s biggest population on earth, the impactRead MoreService Learning Project On Tallassee Landfill1197 Words   |  5 PagesService Learning Project on Tallassee Landfill Environmental Science 404 11/26/16 By: Sydney Lockett The Stone’s Throw landfill in Tallassee is causing environmental problems in the community. The landfill has a very unpleasant smell over the whole community. A landfill is a carefully designed structure that isolates trash from the surrounding environment. The Stone’s Throw does not follow the protocol which involves the bottom liner, cells, storm water drainage, a cover and groundwater monitoringRead MoreLocal Drinking Water Case Study995 Words   |  4 Pagessources, like city water or well-water. 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Business Plan for a Builder Stuart Building Contractors

Question: Produce a Business Plan for a new builder who is about to commeence business as a small builder involved in the housing market? Answer: Executive Summary This paper provides an insight to the business plan for Stuart Building Contractors in Victoria, Australia. The limited liability company is owned by Mr. Robert Davis. Presently the company is targeting the residential building construction segment of Victoria. The building company will provide comprehensive range of service including renovation and alteration, designing and planning, permission, site preparation, cement works, painting, plumbing and installation of other utilities and carpentry. Registration requirement must be fulfilled by the company before starting the business activities. This paper has developed marketing strategy along with the human resource strategy for the business. Financial considerations included balance sheet, profit and loss statement and cash flow statement. In order to start the business, the company requires startup capital of $26,150. Introduction This paper focuses on developing a business plan for a new builder; Stuart Building Contractors is a small construction company in Victoria, Australia. A comprehensive business plan will help in getting an idea regarding the future operations of the organization. This paper will include services offered by the organization, market analysis, development of marketing strategies, human resource plan for the company along with the financial plan. This paper will include projected financial statement of the company (Abrams, 2003). First of all, a brief company overview is presented along with the registration requirement of the building company. It has been forecasted that for the first year sales will be $ 730,400. The company is primarily targeting the residential housing market and depending on the performance the owner, Mr. Robert Davis will focus on targeting the commercial construction segment of Victoria. Company Overview and Services Stuart Building Contractors is owned by Mr. Robert Davis in Victoria, Australia. The firm is planning to target the market of residential construction segment. However, the company aims to target the commercial construction segment depending on the performance of the company in residential construction works. The company is planning to start its activity as a limited liability company registered in Victoria and exclusively owned by Mr. Robert Davis. Stuart Building Contractor has been offering a comprehensive package of building construction services for achieving high level of satisfaction from the clients (Kramon, 2007). The services of Stuart Building Contractors include the following: Renovation and alteration Designing and planning Permission (Schaufelberger, 2009). Site Preparation Cement works Painting Plumbing and installation of other utilities Carpentry (Fewings, 2005). Registration In order to start a building company in Victoria, it is important to register with the Building Practitioners Board in Victoria (Dezhi and Wenjing, 2014). It is essential for the building companies which are engaged or planning to engage in performing domestic building activities which costs more than $ 5,000 and any work that requires permit. It is important to ensure that the application for the registration with the Practitioners Board in Victoria has been processed and confirmed by the authority before starting the work. Hence, the company must meet all the registration criteria for commencing all the business activities by complying with the regulatory framework (Vba.vic.gov.au, 2015). Premises and Equipment Rent will be paid for the office premises which are located in Melbourne, Victoria. It is better to chose hire purchase option for utilizing equipments which will not require high initial investment. Additionally, some equipment will be purchased which is considered to be the long term investments of the company (Blackwell, 2008). Insurance It is important to ensure to be insured for meeting the regulations. It is referred as Builders Warranty Insurance. In case of domestic building if the labor and material cost exceed $ 16,000 must be provided by a builder. It will cover the cost up to $300,000 for fixing the structural defects for the next 6 years and non structural defects for the next 2 years (Vba.vic.gov.au, 2015). Market Analysis The building and construction industry in Victoria is a major driver of the economic development of the state. Stewart Contractors is engaged in construction of residential and office building. The data of 2011 showed that over 9% of the total work force of Victoria is engaged in the construction business (Vba.vic.gov.au, 2015). Competition Analysis The construction industry is a very competitive and high risky business. The competition in the construction industry in Victoria is large. Main reason behind the competition among the various construction industries is the cost in the process of tender selection. Among the various residential builders in Victoria, Metricon Homes is the largest builder. The second largest builder in Victoria is the Alcock/ Brown Neaves Group (CQ News, 2015). They have an already established market in Victoria. In order to survive in this tough competitive scenario it is important for Stewart Contractors to bring out lowest cost tenders (Strategic Alliances in Building Construction: A Tender Evaluation Tool for the Public Sector, 2015). The market success of the company will depend on the price of the tender in order to survive in the competitive market (Submission by the Victorian Civil Construction Industry Alliance, 2013). Target market The office building construction has the highest average margin of profit. Thus the focus of the Stewart contractors will be servicing these customers. The marketing activity will focus on acquiring customers engaged in the construction of the building. The clients engaged in the construction of large buildings require projects that are large in scope, use of land and cost. The target market is seen to be most sensitive to the time taken for competition of construction. Apart from focusing on the construction of office building, Stewart contractors have to apply strict cost accounting and effective supply chain management to capitalize the project without reducing the profit margin (Abs.gov.au, 2015). Market Segmentation The potential market for Stewart Contractors includes all the various business houses in Victoria. They will also spread their business to the suburbs of Victoria (Safeworkaustralia.gov.au, 2015). The company will generally concentrate on the customers that will provide the greatest margin. The company will be able to generate profit by focusing on customers desiring construction of the office building. This segment is considered as the fastest growing segment. They will also service clients belonging to the other segments of the construction industry like the construction of restaurant segment and other special facilities segment like the construction of theatres and gas stations (A case for an Australian Construction Strategy, 2015). Marketing strategy The marketing and servicing strategy will focus towards the clients involved in the building construction. Stewart contractors will market about the company using variety of methods. The plans that can be implemented by Stewart Contractors include use of the referral systems. They will also publish ads. The ads published in the newspapers and the internet will help the company to acquire new contacts. Thus they can gain new contracts with the real estate companies. Since the construction industry is a booming sector in Victoria, Stewart Contractors can gain a very advantageous contract from the suppliers. This will help the company to obtain the materials at a discount. The company can acquire new contractors by offering tenders at a lower rate than the competitors. At the initial stage it will help Stewart Contractors to underbid its rivals. This will help Stewart Contractors achieve a low cost leadership role. The low cost leadership will help to win contract by the process of bidd ing. This will be an important process for the new start up business for winning the contracts in the process of bidding. The strategy of advertising via print media and internet will secure an advantageous position for the construction business. The marketing strategy of Stewart Contractors will include entering into business with suppliers that will obtain material at a discount rate (Vic.gov.au, 2015). Human Resource Plan Human resource is considered to be the one of the critical factor for organizational success. In Stuart Building Contractors Mr. Robert Davis will be the CEO of the firm. Mr. Jonathon Lewis will be appointed as the Project Manager as he has relevant experience of 10 years. Mr. Jude Fosse will be appointed as the office manager cum accountant with work experience of 2 years. Mr. Tom Frost will be appointed as job supervisor will be appointed for monitoring the activities of the labors on site. He has an experience of 5 years in the construction industry. Temporary employees will be recruited as per need. In the following table human resource budget has been presented (Lester and Lester, 2007). Name Designation Annual Expenses Mr. Robert Davis CEO $ 45,000.00 Mr. Jonathon Lewis Project Manager $ 30,000.00 Mr. Jude Fosse Office Manager/ Accountant $ 24,000.00 Mr. Tom Frost Job Supervisors $ 12,000.00 Temporary Employees/ Labors Workers $ 60,000.00 Total Expenditure $ 171,000.00 Safety It has been observed that the small construction business owners encounter daily pressure of running a business. The business owners are concerned about managing health and safety in workplace. Construction activities are associated with high risk. Hence, the company must focus on minimizing risk. In case of high risk construction work, the company needs to ensure that a safe work method statement (SWMS) is prepared before starting the building activities (Worksafe.vic.gov.au, 2015). Following prevention mechanism must be adopted by the company: Load shifting instruments such as hand truck, forklift, cranes etc must be used for delivering bulky materials at the location. The contractor must made orders of small sizes The employer must ensure that the workers use appropriate protective equipments such as knee protection pads, gloves etc. Sharp edges must be covered in order to avoid injuries (Worksafe.vic.gov.au, 2015). Proper training must be provided to the workers. The unsafe working conditions must be immediately reported to the supervisor (Ferguson and Janicak, 2005). Financial Consideration This section will focus on analyzing the financial projections of Stuart Building Contractors for the next one year. This section will include tables for forecasting sales, direct costs, profit and loss statement, balance sheet, cash flow of the business. Some assumptions have been made for the financial projections. First of all, the interest rate is considered to be 10%. Secondly, the tax rate is considered to be 30% (McKeever, 2012). Start up Cost: Start up cost helps in indicating the initial investment required for the business. The following table has estimated the start up cost to be $ 26,150 (Morris, 2011). START-UP COSTS Cost Registrations Business name $ 100 Licenses $ 750 Permits $ 250 Domain names $ 150 Trademarks/designs/patents $ 300 Vehicle registration $500 Membership fees $ 150 Accountant fees $ 1,000 Rental lease cost (Rent advance/deposit) $ 2,200 Utility connections bonds (Electricity, water) $ 500 Phone connection $ 300 Internet connection $ 350 Computer software $ 1,000 Training $ 1,200 Wages $ 7,000 Stock/raw materials $ 3,000 Insurance Building contents $ 1,500 Vehicle $ 1,000 Professional indemnity $ 500 Workers compensation $ 500 Business assets $ 500 Printing $ 100 Stationary office supplies $ 300 Marketing advertising $ 3,000 Total start-up costs $ 26,150 Sales Forecast and Direct Cost of Sales: Sales Forecast January February March April May June July August September October November December New Construction $ 12,100.00 $ 13,500.00 $ 17,000.00 $ 19,000.00 $ 21,000.00 $ 25,000.00 $ 28,000.00 $ 30,000.00 $ 28,000.00 $ 25,000.00 $ 27,000.00 $ 20,000.00 Alteration Work $ 10,890.00 $ 12,150.00 $ 15,300.00 $ 17,100.00 $ 18,900.00 $ 22,500.00 $ 25,200.00 $ 27,000.00 $ 25,200.00 $ 22,500.00 $ 24,300.00 $ 18,000.00 Repair Work $ 10,285.00 $ 11,475.00 $ 14,450.00 $ 16,150.00 $ 17,850.00 $ 21,250.00 $ 23,800.00 $ 25,500.00 $ 23,800.00 $ 21,250.00 $ 22,950.00 $ 17,000.00 Total Sales $ 33,275.00 $ 37,125.00 $ 46,750.00 $ 52,250.00 $ 57,750.00 $ 68,750.00 $ 77,000.00 $ 82,500.00 $ 77,000.00 $ 68,750.00 $ 74,250.00 $ 55,000.00 Direct Cost of Sales New Construction $ 8,228.00 $ 9,180.00 $ 11,560.00 $ 12,920.00 $ 14,280.00 $ 17,000.00 $ 19,040.00 $ 20,400.00 $ 19,040.00 $ 17,000.00 $ 18,360.00 $ 13,600.00 Alteration Work $ 7,405.20 $ 8,262.00 $ 10,404.00 $ 11,628.00 $ 12,852.00 $ 15,300.00 $ 17,136.00 $ 18,360.00 $ 17,136.00 $ 15,300.00 $ 16,524.00 $ 12,240.00 Repair Work $ 7,096.65 $ 7,917.75 $ 9,970.50 $ 11,143.50 $ 12,316.50 $ 14,662.50 $ 16,422.00 $ 17,595.00 $ 16,422.00 $ 14,662.50 $ 15,835.50 $ 11,730.00 Total Direct Cost of Sales $ 22,729.85 $ 25,359.75 $ 31,934.50 $ 35,691.50 $ 39,448.50 $ 46,962.50 $ 52,598.00 $ 56,355.00 $ 52,598.00 $ 46,962.50 $ 50,719.50 $ 37,570.00 Budgeted Profit and Loss Statement: (Ref: (Haag, 2013)) January February March April May June July August September October November December Sales $ 33,275.00 $ 37,125.00 $ 46,750.00 $ 52,250.00 $ 57,750.00 $ 68,750.00 $ 77,000.00 $ 82,500.00 $ 77,000.00 $ 68,750.00 $ 74,250.00 $ 55,000.00 Direct Cost of Sales $ 22,729.85 $ 25,359.75 $ 31,934.50 $ 35,691.50 $ 39,448.50 $ 46,962.50 $ 52,598.00 $ 56,355.00 $ 52,598.00 $ 46,962.50 $ 50,719.50 $ 37,570.00 Gross Profit Margin $ 10,545.15 $ 11,765.25 $ 14,815.50 $ 16,558.50 $ 18,301.50 $ 21,787.50 $ 24,402.00 $ 26,145.00 $ 24,402.00 $ 21,787.50 $ 23,530.50 $ 17,430.00 Gross Margin (%) 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% Expenditures Payroll $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 Sales and Marketing $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 Depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Rent $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Utilities $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 Insurance $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Others $ 100.00 $ 250.00 $ - $ 50.00 $ 140.00 $ 120.00 $ 65.00 $ 190.00 $ 45.00 $ 100.00 $ 210.00 $ 110.00 Total Operating Expenditures $ 15,570.00 $ 15,720.00 $ 15,470.00 $ 15,520.00 $ 15,610.00 $ 15,590.00 $ 15,535.00 $ 15,660.00 $ 15,515.00 $ 15,570.00 $ 15,680.00 $ 15,580.00 Profit before Interest and Tax $ (5,024.85) $ (3,954.75) $ (654.50) $ 1,038.50 $ 2,691.50 $ 6,197.50 $ 8,867.00 $ 10,485.00 $ 8,887.00 $ 6,217.50 $ 7,850.50 $ 1,850.00 Interest Paid $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Tax Incurred $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Net Profit $ (5,344.85) $ (4,274.75) $ (974.50) $ 718.50 $ 2,371.50 $ 5,877.50 $ 8,547.00 $ 10,165.00 $ 8,567.00 $ 5,897.50 $ 7,530.50 $ 1,530.00 Net Profit (%) -16.06% -11.51% -2.08% 1.38% 4.11% 8.55% 11.10% 12.32% 11.13% 8.58% 10.14% 2.78% (Ref: (Pearce, 2006)) Balance Sheet January February March April May June July August September October November December Assets Current Asset Cash $ 23,292.50 $ 25,987.50 $ 32,725.00 $ 36,575.00 $ 40,425.00 $ 48,125.00 $ 53,900.00 $ 57,750.00 $ 53,900.00 $ 48,125.00 $ 51,975.00 $ 38,500.00 Accounts Receivable $ - $ 9,982.50 $ 11,137.50 $ 14,025.00 $ 15,675.00 $ 17,325.00 $ 20,625.00 $ 23,100.00 $ 24,750.00 $ 23,100.00 $ 20,625.00 $ 22,275.00 Other Current Asset $ - $ 100.00 $ 150.00 $ 110.00 $ 110.00 $ 120.00 $ 125.00 $ 100.00 $ 150.00 $ 120.00 $ 70.00 $ 100.00 Total Current Asset $ 23,292.50 $ 36,070.00 $ 44,012.50 $ 50,710.00 $ 56,210.00 $ 65,570.00 $ 74,650.00 $ 80,950.00 $ 78,800.00 $ 71,345.00 $ 72,670.00 $ 60,875.00 Non-current Asset Long term assets $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 Accumulated depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Long Term Assets $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 Total Assets $ 43,292.50 $ 56,070.00 $ 64,012.50 $ 70,710.00 $ 76,210.00 $ 85,570.00 $ 94,650.00 $ 100,950.00 $ 98,800.00 $ 91,345.00 $ 92,670.00 $ 80,875.00 Liabilities and Capital Current liabilities Accounts Payable $ 20,963.25 $ 23,388.75 $ 29,452.50 $ 32,917.50 $ 36,382.50 $ 43,312.50 $ 48,510.00 $ 51,975.00 $ 48,510.00 $ 43,312.50 $ 46,777.50 $ 34,650.00 Short term debts $ 4,000.00 $ 5,500.00 $ 7,363.13 $ 8,229.38 $ 9,095.63 $ 10,828.13 $ 12,127.50 $ 12,993.75 $ 12,127.50 $ 10,828.13 $ 11,694.38 $ 8,662.50 Other current liabilities $ 329.25 $ 8,681.25 $ 7,196.87 $ 10,563.12 $ 11,231.87 $ 10,929.37 $ 15,512.50 $ 17,981.25 $ 19,162.50 $ 18,854.37 $ 16,098.12 $ 19,312.50 Total Current Liabilities $ 25,292.50 $ 37,570.00 $ 44,012.50 $ 51,710.00 $ 56,710.00 $ 65,070.00 $ 76,150.00 $ 82,950.00 $ 79,800.00 $ 72,995.00 $ 74,570.00 $ 62,625.00 Long Term Liabilities $ 4,000.00 $ 4,500.00 $ 6,000.00 $ 5,000.00 $ 5,500.00 $ 6,500.00 $ 4,500.00 $ 4,000.00 $ 5,000.00 $ 4,350.00 $ 4,100.00 $ 4,250.00 Total Liabilities $ 29,292.50 $ 42,070.00 $ 50,012.50 $ 56,710.00 $ 62,210.00 $ 71,570.00 $ 80,650.00 $ 86,950.00 $ 84,800.00 $ 77,345.00 $ 78,670.00 $ 66,875.00 Paid in Capital $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 Retained Earnings $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Capital $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 Total Liabilities and Capital $ 43,292.50 $ 56,070.00 $ 64,012.50 $ 70,710.00 $ 76,210.00 $ 85,570.00 $ 94,650.00 $ 100,950.00 $ 98,800.00 $ 91,345.00 $ 92,670.00 $ 80,875.00 Cash Flow Statement: January February March April May June July August September October November December Cash Received from operations $ 23,292.50 $ 25,987.50 $ 32,725.00 $ 36,575.00 $ 40,425.00 $ 48,125.00 $ 53,900.00 $ 57,750.00 $ 53,900.00 $ 48,125.00 $ 51,975.00 $ 38,500.00 Cash Spent on Operations Payroll $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 Sales and Marketing $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 Depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Rent $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Utilities $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 Insurance $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Interest Paid $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Others $ 100.00 $ 250.00 $ - $ 50.00 $ 140.00 $ 120.00 $ 65.00 $ 190.00 $ 45.00 $ 100.00 $ 210.00 $ 110.00 Cash outflow for operations $ 15,870.00 $ 16,020.00 $ 15,770.00 $ 15,820.00 $ 15,910.00 $ 15,890.00 $ 15,835.00 $ 15,960.00 $ 15,815.00 $ 15,870.00 $ 15,980.00 $ 15,880.00 Cash Received from investment activities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Cash spent on investment activities $ 15,000.00 $ - $ - $ 1,000.00 $ - $ - $ - $ - $ 5,000.00 $ - $ - $ - Cash Received from financing activities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Cash Spent on financing activities $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Cash Balance $ (7,897.50) $ 9,647.50 $ 16,635.00 $ 19,435.00 $ 24,195.00 $ 31,915.00 $ 37,745.00 $ 41,470.00 $ 32,765.00 $ 31,935.00 $ 35,675.00 $ 22,300.00 (Ref: (Ross, Westerfield and Jaffe, 2005)) Conclusion This paper has provided an insight to the business plan of Stuart Building Contractors in Victoria. It is a limited liability company and focus on the residential building projects. It has been focusing on achieving success through offering high quality comprehensive services. The construction market in Victoria is found to be highly competitive. Additionally, sales have been forecasted along with profit and loss statement, cash flow statement and balance sheet. Moreover, start up cost has been calculated so that the owner can acquire adequate capital and necessary equipments. This paper has also discussed the safety concerns in the building industry. References A case for an Australian Construction Strategy. (2015). 1st ed. [ebook] pp.1-10. Available at: https://constructionedge.com.au/wp-content/uploads/2014/02/Commonwealth-Government-Productivity-and-Industry-discussion-Feb-2014-II.pdf [Accessed 12 Mar. 2015]. Abrams, R. (2003).The successful business plan. Palto Alto, Calif.: Planning Shop. Abs.gov.au, (2015). 1301.0 - Year Book Australia, 2012. [online] Available at: https://www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/1301.0~2012~Main%20Features~Construction%20industry~98 [Accessed 12 Mar. 2015]. Blackwell, E. (2008).How to prepare a business plan. London: Kogan Page. CQ News, (2015). HIA Top 100 home builders. [online] Available at: https://www.cqnews.com.au/news/hia-top-100/1559449/ [Accessed 12 Mar. 2015]. Dezhi, L. and Wenjing, C. (2014). On The Art Of Making Business Plan - A Successful Case.Balkan Region Conference on Engineering and Business Education, 1(1). Ferguson, L. and Janicak, C. (2005).Fundamentals of fire protection for the safety professional. Lanham, Md.: Government Institutes. Fewings, P. (2005).Construction project management. London: Taylor Francis. Haag, A. (2013). Writing a Successful Business Plan: An Overview.Workplace Health Safety, 61(1), pp.19-29. Kramon, J. (2007).Smart business for contractors. Newton, CT: Taunton Press. Lester, A. and Lester, A. (2007).Project management, planning and control. Amsterdam: Elsevier/Butterworth-Heinemann. McKeever, M. (2012).How to write a business plan. Berkeley, CA: Nolo. Morris, M. (2011).Starting a successful business. London: Kogan Page. Pearce, L. (2006).Business plans handbook. Detroit, MI: Thomson Gale. Ross, S., Westerfield, R. and Jaffe, J. (2005).Corporate finance. Boston: McGraw-Hill/Irwin. Safeworkaustralia.gov.au, (2015). Construction statistics - Safe Work Australia. [online] Available at: https://www.safeworkaustralia.gov.au/sites/swa/statistics/industry/construction/pages/construction [Accessed 12 Mar. 2015]. Schaufelberger, J. (2009).Construction business management. Upper Saddle River, N.J.: Prentice Hall. Strategic Alliances in Building Construction: A Tender Evaluation Tool for the Public Sector. (2015). 1st ed. [ebook] pp.1-10. Available at: https://eprints.qut.edu.au/30062/1/30062.pdf [Accessed 12 Mar. 2015]. Submission by the Victorian Civil Construction Industry Alliance. (2013). 1st ed. [ebook] pp.3-10. Available at: https://www.pc.gov.au/__data/assets/pdf_file/0020/131564/sub028-infrastructure.pdf [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015). Home | VBA Website. [online] Available at: https://www.vba.vic.gov.au/ [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015).Building registrations | VBA Website. [online] Available at: https://www.vba.vic.gov.au/practitioners/building-registrations [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015).Domestic building insurance | VBA Website. [online] Available at: https://www.vba.vic.gov.au/consumers/domestic-building-insurance [Accessed 12 Mar. 2015]. Vic.gov.au, (2015). Building regulations codes | Victorian Government. [online] Available at: https://www.vic.gov.au/property-planning/building-construction/building-regulations-codes.html [Accessed 12 Mar. 2015]. Worksafe.vic.gov.au, (2015).Preventing Injury. 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Looking Out for Number One T.H. Breen free essay sample

Bri Swartley An Analysis of Looking Out for Number One: Breen Conflicting Cultural Values in Early Seventeenth-Century Virginia by: T. H. Breen I believe what Breen is trying to say in his essay is that the Englishmen that came to Virginia were very different from the settlers of other colonies and they had a much different society develop than what was typical in the other colonies. They were a highly individualistic society. Breen believes that the personalities of those who came to Virginia were, in part what caused Virginias society to become so individualistic. Being so individualistic didnt exactly work out so well for the structure of society or the well being of the colonists. Breen says that the first people to come to Virginia were in no way a random sample of seventeenth-century English society (23). Here hes trying to say that the people of Virginia do not reflect the same ideals and values of England. We will write a custom essay sample on Looking Out for Number One T.H. Breen or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Most of the people that came to Virginia were fresh out of the wars in Ireland or were roughnecks or sea captains looking to get rich quick in Virginia. Breen describes the colonists that came to Jamestown as tough, individualistic, and willing to exploit people and resources (24). The people of Virginia were willing to do whatever it took to make a quick buck. They exploited the land for tobacco and exploited the use of indentured servants and later slavery to do their work for them. The people that colonized Virginia did not live close together like inhabitants of most other colonies. This was as Breen put it a cultural phenomena (25). I think he means that the people were physically seperated and this led to more and more feelings of individualism because unlike in other colonies the people were not able to have much of a feel for community or group preservation even. They were merely nterested in taking care of themselves. It was more than Just an individualistic approach, there was definitely amoney- above-all ideology in the colony of Virginia. The people of Virginia were obsessed with making a profit. They were highly competitive with each other. Virginians did not want to take the time away from tobacco farming long enough to help protect their colony because they were concerned that their neighbors would take advantage of their absence to get ahead. (29) The lack of being able to come together and form a military hurt Virginians by leaving them vulnerable to attack by Native American peoples. The Virginian colonists were so caught up in Just farming tobacco and protecting themselves that they didnt have any formal military. The people didnt see the point in defending others and thought that everyone should simply defend their own land. This left them open to being taken advantage of by privitized military groups looking to make a profit. (30). Also in trying to be more individualistic it actually made Virginia need to be more dependent on England to support them by sending troups. (32) but I did find a few contradictions. In the text it talks about how by 1624 tobacco was producing big profits for andowners who could grow it (59). The people coming to Virginia were looking to make a profit on tobacco and most of them were men, and the ever growing need for labor was met mostly with male indentured servants. There was a very unbalanced male:female ratio in Virginia that made it difficult to sustain the highly family centered existence found in the other colonies. The text also talks about how after being attacked by Opechancanough the colonists of Virginia organized themselves into military bands (58). I find this hard to believe based on Breens essay because e talks explicitly about how the society was so individualistic and competitive that the people did not want to serve in a military and were more interested in protecting their estates on their own. Another thing I thought was connected was how Breen talked about how the people of Virginia were more than willing to exploit labor for a profit so it makes sense how the text says that Virginia had an extremely large slave population once slavery became more of a common occurance. Virginia had a slave population of 187,600 in 1770 (135). This number is more than double that of any other colony at the time. . I do agree with Breens point of view and for the most part it agrees with our text. I would probably be more likely to agree with Breen that the people of Virginia did not form a military band and fight back against the Indians especially how the text talks about Indians remaining a strong presence. It wouldnt make much sense for the Indians to remain a strong presence if they are constantly being attacked by the settlers. I think the reason that the Indians stayed around is because Virginia was not effectively fghting them off because they didnt have any type of formalized military, r formalized anything for that matter, not even schools. 5. Slavery in New York City, 1731 ALAW For Regulating Negroes and Slaves in the Night Time I dont think that this document had too much to do with Breens essay Looking Out For Number One but rather it comes slightly later. I do think that the drastic rise in slave labor shows how Virginia was willing to exploit people in order to turn a profit and how it would be necessary for them to enact laws regulating the liberties of slaves to keep them from rising up when the population of Africans is roughly 42% of the total population. Recollections of the Middle Passage, 1788 Again I dont think this has much to do with Looking Out for Number One but it does tell in graphic detail the hardships that colonists were willing to put other humans through for their own benefit. Virginia, A Troubled Colony, 1622 Okay, I know it said to use documents from chapter 3 but this was the only document I found entirely relevant so I decided to include it as well. It talks about how the distance from each other and how it leaves them very vulnerable to attack by Indians. The city itself had no walls or fortification and the attempts at fortification that the olony had made were not even serviceable for the most part. The document talks about how the colonists are charging each other inflated prices for their food. It seems to me that it correlated with what Breen is saying in how there is no real sense of community so the colonists of Virginia would charge their neighbor the same rate they would probably charge England. I also think that most of their time was spent trying to produce exports for profit that they did not spend as much time creating a surplus of food for harsh winters and probably suffered during that time.