Compare and Contrast Two Types of Business Ownership Term Paper

Compare and Contrast Two Types of Business Ownership - Term Paper Example The owner of a sole proprietorship type of business only needs to register his/her name and get a good location, and the business can begin after this process. He is fully liable for all the debts and profits incurred; if a sole proprietor gets into a financial crisis, the creditors can sue the owner of the business, and if this lawsuit is successful, the business owner will pay all the debts. Sole proprietorship has no entity separate from the owner; this means that if the business owner signs a contract, it will only be under his name. Advantages of a sole proprietorship business include the facts that formation of the business is quite inexpensive and easy, carrying very minor formalities since it involves only one person. Employment tax is not charged on sole proprietorship types of businesses and owners exercise a lot of freedom since they may â€Å"freely mix business and personal assets† (Spadaccini, 2007, p.5). However, despite being the easiest type of business to sta rt, sole proprietorship has a number of disadvantages. These include the facts that sole proprietors cannot raise capital by selling interests from the business, business liabilities and other personal liabilities for debts and losses are unlimited, and it is quite impossible for the business to continue, if the owner passes away. Sole proprietorship can either be terminated by contract or if the owner dies. In case the sole proprietor gives up the business, sells it, or passes away, the existence of the business ceases (â€Å"Types of Business Ownership,† n.d.). Spadaccini defines partnership as â€Å"a business organization formed when two or more persons or entities come together to operate a business for profit† (2007, p.5). Partnership can be formed through... This report stresses that the partnership type of business ownership has a number of advantages. This comes from the facts that, just like sole proprietorship, the kind of business is very inexpensive and easy for the partners to start, since they are able to consolidate their resources together. The business involves very minor formalities and does not hold any annual general meetings. Taxation is very fair on partnerships involving small businesses, and the business is free from charges such as minimum taxes that are usually charged on Limited Liability Companies and corporations. The author of the paper talks about partnerships which have a number of disadvantages. These include partner’s subjection to unlimited personal liability, which is very common, except in cases where the partnerships and liabilities are limited. Partnership types of businesses also experience disputes from time to time arising from differences among the different partners and finally â€Å"Individu al partners bear responsibility for the actions of other partners†. There are various similarities and differences between sole proprietorship and partnership types of business ownership. This essay makes a conclusion that sole proprietorship and partnership types of business ownership share a number of similarities. However, the ways in which both businesses are formed and the way they operate are different.

Reflecive journal inspired by different kinds of media practices and Essay

Reflecive journal inspired by different kinds of media practices and ideas related to my module - Essay Example It is regarded as a recent style as such mechanical potential is very newly set so that low cost and extensive execution can be performed. It allows the effective use of space and potential by allowing various functions to be executed on an individual device. Convergence further has two wider ranges of description and they are technological convergence and media convergence (Arenaza, 2010). Technological convergence is the procedure in which the prevailing machinery that integrates in to new configurations that bring about various kinds of applications and media. Recent appliances and machinery generally manage a particular instruction or to execute some primary jobs (Wise Geek, 2014). Technological convergence allows different devices to collaborate with a broader arrangement of media kinds. With technological improvement, brand new versions of the devices may compromise extra characteristics which were not available in the previous one (Techopedia, 2014). Media convergence is the fact that includes the linkage of communication and information technologies, media material and computer systems. Media convergence is the immediate result of the digitalization of media content and the fame of the Internet. It alters prominent organizations, services and work execution and allows absolutely new designs of content to appear (Flew, 2014). Such advancements can be used both ways either for the good or for the bad. The good is always appreciated by the people and especially the government as it makes their work easier while the bad is always criticized by the people and especially the government as it increases their work to maintain law and order. To make sure that media is not being used for the bad, governments make rules and regulations which restrict the media to a certain limits and ensure that the limits are not being crossed. The communication and media organizations are now few of the major industries of the society. After the

Impacts from hosting the Olympic Games on local businesses Literature review

Impacts from hosting the Olympic Games on local businesses - Literature review Example In most cases, the participants are professionals who are appropriately trained and the organizers of Olympic Games are well compensated for their efforts. In preparation for Olympic Games, host countries normally get involved in massive renovation projects that become beneficial to them for many years. It is essential to state that Olympic Games have both positive and negative impacts on the host country and most of these impacts associated with the Games are either social, or economic among others (Theodoros, 2007, p. 12). In most cases, when a country is hosting Olympic Games, there are high expectations by the local businesspersons that they will receive more business due to the coming of spectators to view the events but in some instances, such expectations are not met. For instance, during the recent London Olympic Games, local small business individuals expected an Olympic pump in their business but this was not the case. They claimed that this was just unusual because vendors attended the 2012 Olympics expecting to have fabulous volumes of sales in August, but it was not so. During the opening day of the Olympic Games, local traders registered a 10% decrease and throughout, there had been a 12% weekly and 16% rises in the footfall, in London West End businesses (Dreyer, 2011, p. 11). Most people state that trade has not been as good as some individuals may think and this is because the city appears to have been deserted by a majority during the day. In addition, small business owners felt that there were few tourists in the city willing to spend their money. According to Ed Francis who operates a Hampshire Hog in the western part of London, there has been a slight drop in daytime businesses since the commencement of London 2012 Olympics. The drop in trade has also been associated with the increasing number of local people who choose not to attend the Olympics and decide to take holidays out of the country. This means that local tourists who at times tak e rooms decrease in number (Leggat, 2003, p. 201 - 203). In most cases before the Olympic Games commence, local residents feel that demand for roads and the entire public transport network will be high. As a result, a well-coordinated multi agency is set up to manage such and ensure that people get to their places of work in time. In most instances, Olympic Games led to increase in the need for transport and as a result, it is always necessary to plan to ensure that the local individuals’ daily operations are not affected (Adam, 2005, p. 67). For instance, in London, the local parking and traffic management plans were set up to ensure that spectators were not allowed to park their vehicles near the venues. These steps were aimed at ensuring public safety, promoting efficient operations in the venues, and creating emergency routes. The freight industry was also very busy during the games and despite the fact that most roads were busy during the Olympics, freights always found their way through the challenging operating environment (Weed, 2012, 75-80). Mostly, the town councils are assigned the task of operating lorry schemes to ensure easy and fast delivery. They have always preferred night delivery to avoid late delivery and unnecessary traffic during the day. It is worth noting that games play a significant role in ensuring improvement of the local roads. For instance, in London, there was an improvement at Stratford and the Kings Cross. Furthermore,

Breaking a Gender Norm Essay Example | Topics and Well Written Essays - 500 words

Breaking a Gender Norm - Essay Example Since culture defines expectations of a man, a man wearing a dress goes against the norm and is viewed as feminine because of wearing a dress; although, men in west Africa wear overall dresses in official and unofficial occasions (jewa6961, 2011). College shows double standards between men and women because men feel the desire to exercise dominance for them to be accepted in society. Although I found it easy to violate the male norm of dressing, the feelings of violating the dressing norm in men in a public place is quite uncomfortable regardless of the fact that women are proud of their appearance. I felt the need to act in a way that would conceal my feelings in an attempt to avoid consequences associated with violation of the norm. I had a feeling of fear regarding the way the people around would receive the gender deviant behavior because I knew there would be social penalties because I was behaving in way that is incongruent to the norm regarding male dressing. Due to preferred male dominance in the country, dressing like a woman exposed me to the double standards in violating the male dressing norms; moreover, acting in this way made me feel like I managed to break away from standards set out by the society. By wearing a dress evoked stereotype judgment aimed at me due to the violation of expected genders norms associated with men dressing because dressing in men is essential in showing their masculinity. However, to a certain extent I felt that people could be embracing actions of deviance aimed at gender norms because some people showed signs of comfort even when I broke norms of men dressing. However, traits related to gender can vary in accordance with culture, gender norms being what is considered socially acceptable in all genders advocates strict adherence to the norms in each gender. By violating the dressing norm in men I developed feelings of being socially unpredictable, confusion regarding norms, undermined trust regarding

Deism as a Worldview Essay Example | Topics and Well Written Essays - 2750 words

Deism as a Worldview - Essay Example divine revelations and holy books of revealed religion. Essentially, through the use of Reason, a belief in God is determined by the observation of the order and complexity found in nature and our own personal experiences of nature. The nature of God has been a point of contention for Deism because it has been defined as a religion that acknowledges a specific nature of God but in actuality it does not and leaves it up to the individual Deist to determine what they believe that nature to be. Overall, Deism is not a hard concept to understand as Deists use Reason and rational thought to develop their view on God, morals and life. [3] History : Deistic thinking has existed since ancient times (e.g., in philosophers such as Heraclitus and most especially Plato, who envisaged God as the Demiurge or 'craftsman') and in many cultures. The word Deism is generally used to refer to the movement toward natural theology or freethinking that occurred in 17th-century Europe, and specifically in Britain. Natural theology is a facet of the revolution in world view that occurred in Europe in the 17th century.[4] The 17th century saw a remarkable advance in scientific knowledge: the scientific revolution. The work of Copernicus, Kepler, and Galileo destroyed the old notion that the earth was the center of the universe and showed that the universe was incredibly larger than ever imagined. These discoveries posed a serious challenge to biblical authority and to the religious authorities, Galileo's condemnation for heresy being an especially visible example. In consequence, the Bible came to be seen as authoritative on matters of faith and morals but no longer authoritative (or meant... Deistic thinking has existed since ancient times and in many cultures. The word Deism is generally used to refer to the movement toward natural theology or freethinking that occurred in 17th-century Europe, and specifically in Britain. Natural theology is a facet of the revolution in a worldview that occurred in Europe in the 17th century. The 17th century saw a remarkable advance in scientific knowledge: the scientific revolution. The work of Copernicus, Kepler, and Galileo destroyed the old notion that the earth was the center of the universe and showed that the universe was incredibly larger than ever imagined. These discoveries posed a serious challenge to biblical authority and to the religious authorities, Galileo's condemnation for heresy being an especially visible example. In consequence, the Bible came to be seen as authoritative on matters of faith and morals but no longer authoritative (or meant to be) on matters of science. Isaac Newton's discovery of universal gravitati on explained the behavior both of objects here on earth and of objects in the heavens. It promoted a worldview in which the natural universe is controlled by laws of nature. This, in turn, suggested a theology in which God created the universe, set it in motion controlled by natural law, and retired from the scene. The new awareness of the explanatory power of universal natural law also produced a growing skepticism about such religious staples as miracles (i.e., violations of natural law) and about books, such as the Bible, that reported them.

Business Strategy Essay Example | Topics and Well Written Essays - 5000 words

Business Strategy - Essay Example This paper is going to look at the strategic planning process of TNT as well as the formulation of a new strategy. Strategic planning is a significant aspect when it comes to the operations of any organization. It is important for an organization to have a clear understanding on the process of strategic planning in order for it to implement it successfully (Johnson, 2004). This section is going to focus on the mission, objectives, vision as well as the core competencies of TNT, the issues that are involved in the process of strategic planning and lastly, the different planning techniques. A strategy can simply be defined as a long-term direction for any organization. According to Johnson et al, a strategy has the long-term direction that is required in achieving the set organizational goals (Johnson, 2004). In the case of TNT, the organization has established its own practical measures based on three aims. These aims are customer relationship, innovation and operational excellence. These measures in this context can be classified as the long term direction goals for TNT. The vision statement of an organization is simply focussed with the state of an organization that is desired based on future forecasting (Simerson, 2011). A vision statement for any organization should look at what the organization wants to achieve at present and in the future. The core competencies simply differentiate an organization from the competitors in the same industry. The resources, activities and skills which cannot be copied by the competitors may be regarded as the core competencies of that organization. TNT is known to have many core competencies in the industry and thus it has been able to gain a competitive advantage over its competitors through the available resources. According to Sadler et al, strategic planning is a form of systemized procedure that is used to develop a strategy for an organization. This

Mobile marketing is more effective than e-mail marketing Essay

Mobile marketing is more effective than e-mail marketing - Essay Example The researcher states that this era is known as the era of information technology in view of the fact that the innovations brought by the information technology have not only modernized the ways businesses and individuals carry out their tasks but also improved the living standards. With the emergence of the Internet, the majority of people started using it for email and communication purposes. But soon it was replaced with mobile technology. Now the majority of people use mobile phones to complete their daily tasks. Seeing the increasing interest of people in mobile technology, business marketers have started using it for marketing and promotion of business contents. Mobile marketing is a process through which traditional marketing activities are carried out using a mobile phone. Basically, the mobile marketing is the process of using mobile phones to provide customers with location and time specific, custom-made information, which promotes goods, services, and ideas. However, the q uestion is that in this technology based era how effective is mobile marketing. This paper presents a comparison of mobile and email marketing strategies. The basic purpose of this research is to prove the claim that mobile marketing is more effective than email marketing. According to Roach, the current position and modern characteristics of the mobile technology as a one-to-one communication device define that mobile marketing is evocative of an inventive kind of direct marketing. Up till now many researchers have carried out extensive research to determine the factors which have an effect on consumer acceptance of marketing contents distributed through mobile marketing. In addition, various researchers such as (Barnes and Scornavacca), (Barwise and Strong) and Leppaniemi and Karjaluoto) discuss similar ideas. Additionally, their research is based on three key components: first of all there is a need to see that the user has given their approval to take delivery of marketing conte nts to their mobile phone; the level of authority the service provider maintains throughout the transaction, and the level to which the mobile user has trust on the brand being marketed. In the same way, (TRAPPEY and WOODSIDE) and (Merisavo, Kajalo and Karjaluoto) also discuss the features and elements of the marketing material and distribution. They have discussed various factors driving the consumer's level of acceptability (Merisavo, Kajalo and Karjaluoto) and (TRAPPEY and WOODSIDE). On the other hand, thus far, there has been little research committed to discovering the characteristics of this medium, and whether they have an effect on a customers’ decision to agree to or refuse marketing communications delivered straightforwardly to their mobile phone (Roach). Research Methodology This research will be based on the qualitative research methodology. For this purpose, I will collect data from academic journals, marketing books, newspapers and online promotional material in an attempt to support my research. I will analyze some of basic aspects that demonstrate superiority of mobile marketing methods for business promotion. This research will qualitatively assess some of the major aspects to prove how mobile marketing is more efficient than email marketing. Results and Discussion The one of the major problems with trying to reach customers through email is that the majority of business organizations had already made use of this strategy that it can without doubt be considered as spam by the target customers. In this scenario, mobile advertising and mobile marketing are a brilliant way to reach customers, in particular when business