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Thursday, August 27, 2020
Poverty in the United States
The destitution edge of the United States (U.S) shows that a surmised of (13-17) level of the United Statesââ¬â¢ populace fall beneath the neediness line. This means 39.1 million needy individuals. Those living in the rustic territories are less fortunate contrasted with those in rural areas.Advertising We will compose a custom exposition test on Poverty in the United States explicitly for you for just $16.05 $11/page Learn More It has been discovered that the destitution is a cyclic procedure fluctuating with time. The level goes here and there paying little heed to age, district, or family size. It is unexpected that as poor as the nation seems to be, it enrolls the most elevated number of migrants per annum. Insufficient essential learning, a wide hole between the livelihoods of the o-level students and the experts, among others, are a portion of the refered to reasons for the destitution, however absence of business is the underlying driver. As per Adams, the United States has neglected to make enough occupations for its kin (2001). An enormous number of its populace is jobless. It is from an occupation where the Americans should acquire their pay, which thus builds up the nation beginning from the family level. One can decide to make his/her own activity or in any case pick to be utilized. In U.S, not very many have their own business to ingest the jobless, and this influences a lot of the American youth. The youngsters are a lot of vigorous and creative and given the chance, they can create and change the circumstance of a nation. Since the converse is the opposite is the situation in U.S, joblessness remains the underlying driver of its neediness. On the off chance that a nation could figure out how to give essential training to the greater part its kin, neediness could show up no place in the nation. Bradley says that countless the kids in United States do not have the natural information (2003). There exist a positive relationship among's instructio n and business, which thusly corresponds with destitution. It seems like a culture in America where kids get the order to pick among relaxation and instruction. Lion's share incline toward the previous to the last mentioned. Any business concentrates much on the instructive foundation of a willing representative before giving him/her the activity. On account of U.S, endless never fit the bill for the employments regardless of whether the open door emerges in light of their poor learning foundations. This brings the explanation concerning why learned outsiders are ever making sure about the couple of employments leaving the American excess. When they secure them, they extend their own nations instead of U.S and consequently its high destitution levels. Another issue related with destitution in the U.S is the high government charges. Lion's share of the utilized individuals in U.S are outsiders and not residents of the nation. As it is the situation for any utilized individual, he/she is at risk of tax assessment by the administration. The couple of utilized U.S residents endure the high charges however their pay rates are similarly high.Advertising Looking for article on business financial aspects? We should check whether we can support you! Get your first paper with 15% OFF Learn More According to Hacker, they can't, build up their nation, yet additionally themselves (2006). The rest of the class of utilized non-residents encounters a twofold tax assessment. They pay charges for both U.S and their nations allowing them not even to elevate U.S, which is left more unfortunate than previously. All in all, it is regularly mixed up that sufficient food and great heath offices can wipe out destitution. This isn't the situation in light of the fact that in U.S, these are there however neediness despite everything wins. Endeavors have been made to improve the scholarly offices of the nation however outsiders just appreciate these administrations and thusly secure the accessible employments rendering the American jobless. This joblessness makes the United States a poor nation. Reference List Adams, J., Pearlie, S. (2001). Managing Diversity. Chicago, IL: Kendall/Hunt Publishing Company. Bradley, D. (2003). Determinants of Relative Poverty in Advanced Capitalist Democracies: American Sociological Review. 68(3), 22-51. Programmer, J. (2006). The Great Risk Shift: The New Insecurity and the Decline Of Theà American Dream. New York: Oxford University Press. This exposition on Poverty in the United States was composed and presented by client Arnim Zola to help you with your own examinations. You are allowed to utilize it for examination and reference purposes so as to compose your own paper; notwithstanding, you should refer to it in like manner. You can give your paper here.
Saturday, August 22, 2020
Theoretical Background on Spending Habits Essays
Hypothetical Background on Spending Habits Essays Hypothetical Background on Spending Habits Paper Hypothetical Background on Spending Habits Paper Understudies everywhere throughout the world spend in a few distinct manners, yet close statistical surveying on understudy spending demonstrates that there are a few basic examples that can be seen. Ways of managing money in teenagers is changing definitely over the most recent couple of years, yet that change is practically uniform in all the metros of the world. Commercialization has started focusing on understudies ways of managing money quite a while prior. IFIM Students Lifestyle and Spending Habits , 2009) As indicated by an investigation directed by a bank and monetary organization, young people surrender cash to purchase cellphone load, to play PC games at Internet bistros and to purchase cigarettes and liquor. They additionally burn through cash on going out and on garments and embellishments. (TJ Manotoc, ABS-CBN News, 2010) Teens hang out and shop. Youngsters are dynamic shoppers as far as the cash they spend, just as in the impact they employ in their families and on cultural patterns. Regardless of being brought up in a time of fast change, they show a momentous self-assurance in their judgment. (Rhythm, 2010) A great deal of the quantity of understudies appear to needs what is the ââ¬Å"inâ⬠pattern, what individuals are doing or utilizing ââ¬Å"right nowâ⬠. Most teenagers will ordinarily have a couple of wellsprings of pay, either stipend from their folks or a vocation. The response to this inquiry isnt found by taking a gander at the salary of the family or economic wellbeing, its progressively a method of living and raising that the guardians have given their youngsters. Felipe, 2007) ââ¬Å"Despite the Filipino teensââ¬â¢ having restricted financial plan to spend, low cost doesn't really make any brand an obvious choice for their patronage,â⬠clarified Ming Barcelona, TNS Philippines Associate Research Director. ââ¬Å"The TRU study reminds us the mentalities, inclinations and buying propensities for Filipino adolescents, regardless of whether on brand esteems, the most recent item contributions, or on qualities and social issues ought not be ignored,â⬠included Gary de Ocampo, TNS Philippines Managing Director.
Friday, August 21, 2020
Zero-Down Subprime Mortgages Could Be Making a Comeback
Zero-Down Subprime Mortgages Could Be Making a Comeback Zero-Down Subprime Mortgages Could Be Making a ComebackInside Subprime: Oct 23, 2018By Ben MooreSubprime home mortgages are making a comeback a decade after their boom in popularity caused the crippling financial housing market crash. Banks are now offering these zero-down home loans to borrowers with poor credit, including the nationwide Bank of America.Signs of the subprime mortgage loan comeback began to appear this year when California-based lender, Carrington Mortgage Services, announced they would be offering ânonprimeâ loans to borrowers with âless-than-perfect creditâ. The new term coined for âsubprimeâ comes with new standards. The lender assured that they would not revert âback to the old daysâ of lending in which âpeople with no jobs, no income, and no assets were getting loansâ, a statement referring to a time when hopeful home buyers could secure a home loan without necessary requirements.During the boom in popularity of subprime home mortgage loans i n the early 2000s, lenders required zero documentation of income for a borrower to be approved. They would offer âteaserâ APRs as low as zero percent to entice potential borrowers, and would only add interest to the later years of the loan. Many of these loans were sold to investors, and their lucrative nature incentivized banks to provide as many of these loans as possible. But when lenders were forced to raise their rates in 2007, subprime loans began to enter default status en masse, with customers unable to maintain their soaring monthly mortgage payments. This led to the nationwide financial crisis a year later, and mortgage lenders were forced to essentially lock their doors to those unable to hit the higher credit score requirements in tandem with a minimum 3 percent down payment.Now, the housing market is strong, and home prices are steadily rising. Entry-level homes are in short supply, enabling homeowners to sell their homes quickly if need be. The stable and growing m arket has also enabled lenders to revisit subprime loans as a potential income opportunity, this time funded by banks without the involvement of investors. Bruce Marks, the CEO of Neighborhood Assistance Corporation of America, a Boston-based brokerage firm, believes that itâs a âdisgraceâ that there are so few âlow- and moderate-incomehomebuyersâ and that the subprime loans theyâve helped facilitate have seen âzero foreclosuresâ. The same could have been said about subprime loans prior to the financial crisis.For information on predatory payday loans, check out all of our Subprime Reports.Visit OppLoans on YouTube | Facebook | Twitter | LinkedIn
Monday, May 25, 2020
Obesity A Major Contributory Factor For Obesity - 823 Words
1.1. Health behaviour and obesity Obesity is a health condition which can be prevented by promoting healthy behaviors (WHO, 2003). Obesity involves a multifaceted connections between genetic and hormonal factors and social and environmental influences. For an instance sedentary lifestyle, unhealthy dietary patterns and socioeconomic status are factors which promote obesity and overweight. Evolution of nutrition as a result of urbanization is a major contributory factor for the obesity epidemic in the world (Chan and Woo, 2010). Abundant evidence suggests that changes of the dietary patterns such as consumption of energy dense diet, greater amount of saturated fat intake and added sugars are the leading causes for obesity (WHO, 2003; Chan and Woo, 2010). These eating patterns are linked with less physical activities and studies shown that less physical activities is a major contributory factor for obesity (Chan and Woo, 2010). 1.2. strengths and limitations These theories have noticeable strengths and limitations. One of the greatest strengths of the health behavior approach is improving healthy behaviors of individuals as the name implies. Promotion of healthy behaviors is very important for communities and individuals to reduce or eradicate public health issues. The core of the above explained HBM, TTM, SCT and SEM is to promote healthy behaviors. For an example, if we are planning to reduce overweight/obesity among adults using HBM, we can explain the severity of theShow MoreRelatedReduced Energy Expenditure And Prevalence Obesity Rates Among Children928 Words à |à 4 Pageshas contributed to prevalence obesity rates among children. Demographic and epidemiologic analysis alone do not account for the high rates in childhood obesity. These analysis help provide a clearer understanding of why obesity is a national epidemic. It is significant as public health officials to know that there are substantial racial differences in obesity among young kids and teenagers in the United States. Among Hispanics for instance, the incidence of obesity was higher in 2011-2012 at 22Read MoreObesity : Childhood Obesity And Obesity955 Words à |à 4 Pageswhere the life expectancy of todayââ¬â¢s generation is being threatened. Prevention of overweight and obesity is imperative. Parents, especially mothers play a major role in preventing overweight and obesity among the children. Their knowledge of nutrition, food selection and family meal structure has major impact on their childrenââ¬â¢s food habit. The preschool age is crucial for the children to learn and develop their lifelong habits. Education starts from home, w here parents are the primary sourceRead MoreObesity, Diabetes And Lung Cancer1046 Words à |à 5 PagesEpidemiological studies: Critical Review of Obesity, Diabetes and Lung Cancer Epidemiological Study on Obesity The overweight problem is big issue in the United States and worldwide with the average American weighing 3-5 kilograms more than they did ten years ago. Obesity is an excess of body fat that leads to ill health. The study was based on a sample representative of United States where 22.9 percent men and 23.3 women were obese, and 44.1percent of men and 34 percent of women were overweightRead MoreFast Food And Its Effect On Obesity1655 Words à |à 7 PagesKhalid Alebraheem ENG 101 November 25, 2014 Fast Food and Its Effect on Obesity Today, the names of fast food and obesity are synonymous worldwide. Since the 1970s, the number of fast food restaurants in the US has doubled, corresponding to approximately 300,000 new chains (Egger and Boyd 23). Equally, there has been an exponential increase in the number of obese people over the same period, turning obesity into a public health problem in the US and most developed nations (Egger and Boyd 25). HenceRead MoreThe Biological Processes Of Obesity1527 Words à |à 7 PagesObesity can develop when the cumulative energy intake exceeds energy expenditure, when this happens the excess is stored primarily as fat in adipose tissues. The biological processes that regulate the energy balance are highly regulated and this mechanism can be overwhelmed, because of a need to eat when not hungry, if attractive high calorie food is presented in attractive settings, and if individuals are regularly non-mobile for extended periods. The control pathways that include short-term signal ingRead MoreHealthy Choices for Better Living Essay1588 Words à |à 7 PagesDoes the media truly influence and play and key role in childhood obesity? Can we hold the media responsible for our food purchases and meals that we as a society choose to provide our children? Certainly there are a multitude of influences in the media and yes, they are geared toward our children. Commercials ran during childrenââ¬â¢s programming appeal to our youth with catchy jingles, bright colors and actors promoting these products that portray popular characters on our childrenââ¬â¢s favorite showsRead MoreCauses Of Type 2 Diabetes And Obesity1484 Words à |à 6 PagesSUMMARY This report highlights the main causes of Type 2 Diabetes and the association between diabetes and obesity in adults. The report also discusses the associated health implications for those people who have been diagnosed with this disease and some of the long term affects on health. CONTENTS Introduction 4 Causes of Type 2 Diabetes 4 Risk Factors for Diabetes 4 Consequences of Diabetes 4 Health Implications 5 Symptoms of Type 2 Diabetes 5 Management of Diabetes 5 Costs to the NHS 6 HealthRead MoreHow Childhood Blubber Is A Vital Issue1763 Words à |à 8 PagesChildhood blubber is a vital issue thanks to the staggering proportions that this unwellness has reached within the past few years. bound genetic factors paired with changing lifestyles and culture has made children (and adults) UN agency area unit usually not as healthy as folks were simply some decades past. Widespread blubber has been the intense result of these changes. I selected this subject as a result of I even have worked with kids all of my life. I plan to continue my work with kids withinRead MorePersuasive Essay On Sleep Deprivation1610 Words à |à 7 Pagesincreased BMI, similar to findings in other studies including children, adolescents, and adults. We also report a significant association of sleep duration with leptin and ghrelin that is independent of BMI, age, sex, SDB, and other possible confounding factors (analysis not shown for SDB and other confounders). Short sleep duration was associated with decreased leptin and increased ghrelin, changes that have also been observed in reaction to food restriction and weight loss and are typically associatedRead MoreA Brief Note On Diabetes Mellitus ( Dm )898 Words à |à 4 Pages Diabetes Mellitus (DM) is a metabolic disorder resulting in hyperglycemia (high blood glucose level), and its characteristic signs and symptoms are polydipsia, polyphagia, and polyuria. In most cases, the contributory factors include pancreatic disorder or destruction of the beta cells of the Langerhans affecting insulin production. However, globally 592 million people are expected to be diagnosed with DM by 2035 which is about 53% increase (Bone, 2015). Actually, the four different types of DM
Thursday, May 14, 2020
The Establishment Of Authority And Influence Over Territories
1. The establishment of authority and influence over territories East India Companyââ¬â¢s officially sanctioned monopoly over trade in the East Indies essentially gave it the power to negotiate commercial treaties, establish settlements and even wage wars if it so desired (p.185). While it may have started out with commercial intentions, it eventually diversified into revenue collection and became a ââ¬ËMughalââ¬â¢ vassal, with privileges and tax-exemption. I believe that its significant influence was not just due to military superiority, but also political shrewdness. For example, it forced the ruling ââ¬Ënawabââ¬â¢ Siraj-ud-Daula to be the first aggressor by defying his orders. This in turn gave it moral justification to retaliate and depose him. Itsâ⬠¦show more contentâ⬠¦Their main goal was still to improve the imperial siphoning of wealth from Indian soil (p. 210). Each time there was widespread condemnation of the Companyââ¬â¢s activities, they seem to have proposed shallow reforms meant to appease rather than improve, such as the banning of private trading after Cliveââ¬â¢s first term and the reform of brutal imperial governance by Palmerston. All of these seem to have been purely superficial in nature and so they all eventually failed. 2. Reasons for its rise and decline The initial rise of the East India Company can be attributed to the complacent attitude of the ââ¬ËMughalsââ¬â¢, who were aware of the Europeansââ¬â¢ militarism, but felt a false sense of security in their own power to oppose them if the need arose (p.185). However, the actual credit for the rise of imperialism in India should probably go to East India Companyââ¬â¢s frontline employees. These ambitious employees began gave in to their corrupt greed and basically forced the Company to become an imperial power. Especially cunning employees like Robert Clive even managed to receive funding from rivals like the Dutch East India Company (p. 191). Sporadic victories in battle by frontline employees seem to have yielded three simultaneous benefits; they repelled
Wednesday, May 6, 2020
Emily Bronte s Wuthering Heights - 1215 Words
Emily Bronte grew up in an oppressive society, being forced to learn in her own home and dealing with the deaths in her family, she felt the need to take control. In Emily Bronteââ¬â¢s Wuthering Heights, emphasis on the mistreatment of woman and the issue of control present themselves symbiotically. In the novel, the main female Catherine and the main character Heathcliff simultaneously unleash their darkest inner conflicts through various displays. Throughout the novel, it is evident that there exists a negative light on women when they are portrayed as immature, childish, and overly dramatic. The novel seems to reveal the repression of woman and control in male-dominated society. Ms. Bronte clearly expresses her personal opinion on feminismâ⬠¦show more contentâ⬠¦Catherine even reveals to Nelly that her love for Linton is temporary and false, whereas her love for Heathcliff is as eternal as ââ¬Å"the rocks beneathâ⬠(70). Her decision shows her naivety, therefore de monstrating the destructive features of the women of the time. Although Catherine represents the naà ¯ve and flimsy qualities of women, Bronte also uses other characters to represent the positive characteristics, the second type of woman. Isabella Linton, though committing mistakes and being overdramatic, demonstrates courage and free will. She does not follow the same guidelines the other women in this novel follow, instead Isabella is headstrong on her decision to marry Heathcliff, a man of lower class, despite his reasoning. She does not realize that Heathcliff is only married to her for revenge against Edward and Catherine and as she is warned by Catherine she remains stubborn and refuses to listen. You would think that would make Isabella naà ¯ve as well but what makes Isabella strong is that she eventually realizes how abusive and incredibly horrible Heathcliff is to her and decides to leave him. She then raises her son, Linton, throughout her sickness, by herself, until her death. This, again, shows Isabellaââ¬â¢s strong will as she clings on to her life to take care of her child rather than send him to live with his father. This makes Isabella a prime example of the strong, positive
Tuesday, May 5, 2020
Components For A Timmonââ¬â¢s Framework in Successful Entrepreneurship
Questions: Task 1 According to Timmons framework there are three components for a successful new business: the opportunity, the entrepreneur (and the management team, if its a high-potential venture), and the resources needed to start the company and make it grow. (Bygrave and Zacharakis, 2011). Using relevant literature, critically analyse this statement which means at least giving justified arguments which both agree and disagree with the concept in the definition above. Task 2 Individual Written Presentation Develop an effective business plan for launching a new product and obtaining financial and managerial support from potential backers. Prepare ten power point slides to explain the key issues that you would highlight and emphasise in a presentation of your business concepts including the questions that you would expect from potential investors and your considered answers to them. Answers: 1.0. Introduction Entrepreneurship is a significant determinant of the social and economic development of the nation. It positively benefits the social and material welfare of the communities, individuals and country (Allahyary and Meigounpoory, 2013). The benefits of entrepreneurship may include, economic growth of the country, motivation and job satisfaction among employees that leads to enhance level of productivity, creating opportunities for employment which in turn will increase the standard of living of the people of its country. As per the GEM (Global Entrepreneurship Monitor), there are two kinds of entrepreneurship namely necessity and opportunity based and both are connected with each other. According to William Bygrave and Andrew Zacharakis, entrepreneurship is the spirit of free venture as it signifies the beginning of new business that provides vitality to the market economy. As per the Jeffery Timmons framework, there are three major contributors of a successful business, namely, opportunity, the entrepreneur and the resources that are required to start and expand the company. In this report, this statement will be critically analyzed with the help of available literature. This report brings together both the positive and negative argument regarding the statement. This report begins with the discussion on the Timmons framework to get an insight of the details of his framework as it is crucial to be able to appraise it accurately. After the report will be concluded, then a business plan will also be developed to seek financial and managerial support for the launch of a new product. 2.0. Timmons Framework and Critical Analysis of the Framework William Bygrave and Andrew Zacharakis define an entrepreneur as an individual who identifies an opportunity and create a team/organization to pursue the identified opportunity. As per them, men who belong 25 to 34 years of age group are actively engaged in entrepreneurial activities than women (Altman and Zacharakis, 2003). A person who has strong internal locus of control and is a risk taker and posses managerial skills are said to have entrepreneurial qualities. William Bygrave and Andrew Zacharakis used the Timmons framework and identified three crucial factors which contribute towards the success of the business. They are opportunity, entrepreneur/the management team and resources. Now, we will discuss each of these three factors in detail. Timmons Model of Entrepreneurship The Opportunity According to William Bygrave and Andrew Zacharakis, there are many misconceptions regarding new ventures. One of them being, that you need a unique idea to start a business which is not true. Instead, Bygrave and Zacharakis argue that an individual just need to identify the opportunity, develop a business idea revolving around the identified opportunity and meticulously implement that idea and then create successful business. Once an individual recognizes the opportunity (it must be attractive) then he need to assess the external environment and identify an appropriate time to launch the business to run the business successfully (Brem, 2011). Time is a crucial deciding factor. The next crucial factor is to gauge the growth potential and capital requirement to execute the idea and the durability of the business idea. The Management Team and the Entrepreneur An entrepreneur is the only vibrant force that put together all the components of the entrepreneurial process. In order to start a new venture, identification of business opportunity and idea generation is not enough (Zeng, Bu and Su, 2011). An individual need to identify the whether he possess the required management and entrepreneurial skills or not. To be able to start and sustain a new business, an individual needs to be creative, growth oriented and innovative. He must possess the confidence and knowledge to make use of the business idea effectively and turn them into useful goods and services. He must possess the ability to take risks to be able to generate profits from their business idea (Ko and Liu, 2015). He needs to put in a lot of efforts and engage at all levels of the business right from identifying the target market, carrying out the market research and making forecast about the future market trends, assessing the availability of various technology and selecting the be st suitable technology for their business. They are the ones who establish a vision and create a team of talented people and inspire them to run the organization and work towards achieving the vision of the company (Park and Krishnan, 2010). As per the Timmons framework, creating an effective team is vital aspect of the entrepreneurial process. The entrepreneur needs to strategically put together a competent and experienced management team who can look after all the day to day operations of the business and skilled enough to tackle any uncertain event. This team will drive the company towards the path of expansion and success. The resource requirement When an individual plans to start a new venture, he must also appraise various resources that will be required to set up and run the business. A start up is always uncertain of its future, thus an entrepreneur tries to keep the initial overhead costs as low as possible and tries to improve the productivity while keeping a minimum ownership of capital assets to keep the initial invest low and grow their business (Kuratko, 2011). There are many resources required such as funds, land, labor, technologies etc. Thus, after discussing all the three factors of Timmons Model, it can be said that this model reflects that entrepreneurship is a dynamic procedure. It starts when an entrepreneur identifies an opportunity which decides the size and type of team required and other resources requirement such as funds, technologies and labor to make to most out of the identified opportunity (Whitehead, 2011). As per Bygrave and Zacharakis, there needs to be a perfect balance between these three factors in order to make the business a success. They further stated that this framework can be used to effectively assess the prospective opportunity by identifying the size, structure and demand of the market, and the margin breakdown of the new venture. According to Minniti, the Timmons model of entrepreneurship offers a flowing boundary to the procedure of entrepreneurship. The model forms the foundation of the process in the entrepreneurs capability to identify opportunities, acquire the resources and develop an efficient management team. As per Minniti, the Timmons model provides a holistic view of the process of entrepreneurship. It highlights the how the three factors are interrelated for the success of the business. Any changes in any one of the three factors will affect the other two factors directly. For instance, if an entrepreneur is not able to scout for required resources than mere identification of opportunity will not lead the business towards success (Zarei, Nasseri and Tajeddin, 2011). Minniti also emphasizes that the model illustrates the ability to balance the three factors by the entrepreneur. He further states, that there is risk when the entrepreneurs is not able to maintain a balance between all three factors. According to Bygrave and Zacharakis, there is another important element that has been highlighted in the Timmons model, i.e. the significant role of creativity, communication and leadership (Bygrave and Zacharakis, 2011). According to them, the model illustrates that the leadership quality of the entrepreneur is crucial in the expansion of the entrepreneurial process. The model reflects the importance of the responsibility that the leader has, i.e. to effectively balance the three components of the entrepreneurship process and create a perfect fit between these components. As per Smith, Mathews Schenkel, the leader is also responsible for the formulation of an effective vision and communicating this visualization to the entire team or organization to be able to achieve its goals. If the vision is not clear to the team or of there is ambiguity in the understanding of the vision due to ineffective communication of the vision, then the success of the new venture is doubtful and it may instead create other problems within the team and the company (Scally, 2015). According to them, the entrepreneur shoulders the responsibility of motivating the team and creating an efficient working environment and he needs to be creatively handling all this. He needs to continuously improve and experiment with the process to create the best fit. According to Minniti, the entrepreneurship model of Timmons can be observed as triangle that consists of opportunity, resources and the management team with the entrepreneur footing outside the triangle and attempting to create eq uilibrium between these factors. According to researchers, the Timmons Model of entrepreneurial process is normative in nature. The three components of the model forms the basis and the entrepreneur needs to maintain a balance between these factors by using his creativity, leadership and effective communication in the uncertain external environment (Wahl and Prause, 2013). However, according to the researchers, there are many factors that can lead to the failure of the startup company. Few of these factors are external in nature and cannot be controlled by the entrepreneur and few are in control of the entrepreneurs as they are internal in nature. Few of the factors are the inability of the founder to instill trust among people about his business idea and therefore not able to persuade people to be a member of his management team (Tracey, Phillips and Jarvis, 2011). Other factors include unoriginal business idea, or choosing a very narrow market segment that is already saturated. Other factors that may impede the su ccess of the new venture can be the inflexibility of the founder in his strategies. When a venture is in the initial phase it is crucial for the entrepreneur to incorporate flexibility in all its operation to expand the business and make it a success. The new venture faces the risk of failure even when the company uses up its capital rapidly resulting in burn out. Because of this, the firm requires additional sources of fund which may be very risky at the initial stage of any new start up (Zhou and Rosini, 2015). Researchs also suggests that when the investors of the company managed poorly, it might lead the company to fall apart because although the investors are knowledgeable, they should not be permitted to take operational decision because only an entrepreneur can take appropriate decision to achieve its vision (Technology Entrepreneurship and Policy: In Memory of Bruce A. Kirchhoff, 2011). That is why many researchers have identified the core competencies that an entrepreneur m ust have in order to balance all three factors of Timmons model of entrepreneurship process. Few of the traits that are required by the entrepreneurs are, good interpersonal skills to build social relations, ambitious, risk taker, focused, creative and must poses the ability to influence and motivate its team to achieve the organizational goals. He must be able to generate profits from his idea. 3.0. Conclusion Thus, after the discussion about entrepreneurship and Timmons model, it can be concluded that entrepreneurship is a process that transform ideas into a new business opportunity which has the ability to generate profit. The process can be uncertain. Jeffry Timmons provided a theoretical framework to define the critical factors which lead to the success of the new venture. His model has been appraised by many scholars and researchers as discussed. The model places great emphasis on the responsibility of the entrepreneur as he needs various skills to maintain a balance between three components of success, namely opportunity, resource and team to make the new business a success. The entrepreneur needs to have the potential to work very hard to make the business a success. In order to create a best fit between the factors of Timmons model of entrepreneurship process, the founder needs to communicate the vision effectively to his team members. He must be able to convince experienced people regarding his business idea that it has the potential to generate profit to create a team of experienced and talented people. Timmons model has focused on the role of leadership and coordination in the process. The model provides a systematic tool to understand and analyze the process of entrepreneurship. Task 2 Product - Dental care Toothpaste 1.0 Business Description: 1.1 Background of the company: Dental Care toothpaste brand is an international customer products company. Company paying attention on the manufacture, distributors and stipulation of household, health care and personal goods, like toothpaste, toothbrushes etc. The business is ideally located for a toothbrush brand, and this company wants to launch there toothpaste in UK market and want their customer to try their new product. The company wants to build their market image in UK market while launching their products. 1.2 Vision and Mission: Vision- The company vision is to keep their customer happy while taking good care of their teeth. The manager in oral health cares, and carries fit teeth and fresh dazzling smiles to family and persons (Bhalerao and Kamble, 2015). Mission- The mission of the company is to fulfill their customers wants and requirements and to be trust market leaders with proficiency in oral health care contribution superiority, innovation etc. 1.3 Goals and Objectives: Goal 1: preserve stability of consumer relationships throughout the exchange by: Maintain the accessible price level. Goal 2: preserve market share and sale throughout modify of possession then produce market share to 40% in 18 months. The strategy to accomplish this goal is: Enlarge the number of consumers Raise the standard sales size Increase replicate trade from consumers Responsibility more destructive marketing and promotion Goal 3: produce a before tax net border of 20% for the next two financial years by: Eliminate high cost procure Improving cost power Improving stock power 1.4 Products and Services: The main action of the company is the process of the Dental care toothpaste. Business behavior comprises such as purchase, accumulate, and organize, selling and helping our products to our appreciated consumers. There is numeral of toothpaste which business wants to launch such as Medicated toothpaste its medical toothpaste which helps the customers while protecting them from fluoride (Bhalerao and Kamble, 2015). The mission of the company is to fulfill their customers wants and requirements and to be trust market leaders with proficiency in oral health care contribution superiority, innovation etc (Churchley and Schemehorn, 2013). While the amount of toothpastes on the marketplace keeps rising, choose toothpaste doesn't have to be overpowering or puzzling (Bhalerao and Kamble, 2015). By checking the element and making convinced the toothpaste address your exacting requirements, you can uphold a good-looking, fit smile for years to approach 1.5 Ownership Structure: Figure 1: Ownership Structure (Rundle-Thiele, 2015) 1.6 Legal consideration: Element of Dental care Legal are appreciated as strategic business followers and essential members of the organization team (Ndubisi and Matanda, 2011). Dental care Legal recommends knowledge and opinion in the global business field and in extensive fields of department areas: International Business Internet Law Corporate acquisitions Product trademarks Patents Requirements: Undergraduate degree competent Legal Practice knowledge Key duties: Build partnerships with business associates Predict and prevent legal problems Advise business partners in a method that is summarizing, sound, realistic and timely 2.0 Business Opportunities: 2.1 Potential Customers: Toothpaste is a necessary product customers cannot do not including. For more recognized brands, advertising toothpaste products is quite simple (Bhalerao and Kamble, 2015). On the other hand, if the company desire to launch new toothpaste into the marketplace or desire to enlarge sales of a comparatively new product, then the company must assume some precise but strategic promotion (Marsden, 2001). There are numerous method and gear that can assist company to market efficiently, but the company has to focus in their policy and appraises how the advertising initiative will improve the reliability for their brand and pressure potential customers: Product Differentiation - The toothpaste market has numerous comparable rival products, and the company have to brand them in such a technique that it position out (Bhalerao and Kamble, 2015). Importantly show company logo and name on the wrapping to increase brand consciousness and transaction. Work in partnership with Dental Care specialist - Toothpastes are measured health care goods that protector the teeth next to bacteria and other damaging bacteria. Having dentistsadvice the company toothpaste recovers their brand appreciation (Kumar and Ghodeswar, 2015). Promotion and Advertising - Depending on their financial plan, company can influence several produce and electronic medium conduit to market their toothpaste goods efficiently. Products ads, which must emphasize the top features of thee toothpaste to magnetizeu tmost concentration, can be positioned with screen medium (Krstic and Becic, 2011). 2.2 Geographical Area: Geographic area is done on the origin of area, population aspect, urban, or climactic circumstances. Dental Care Company presently does business in excess of countries around the worldwide (Bhalerao and Kamble, 2015). Just about 75% of their sales come from worldwide process, so following in countries exterior of their zone is tremendously imperative (Fraj and Martinez, 2006). They do not advertise the similar products in each nation. For example, in the country they are presently advertising sixteen dissimilar kind of toothpaste; whereas now the company wants to launch their product in UK market, and promoting different range of products. Dental care is very dedicated to their international product, and doesgeneralstudy in arrange to advertise the rightproducts in the UK market and see the response of their customers while using their product (Churchley and Schemehorn, 2013). 2.3 Business competitors: Dental Care Company takes a taste out of stain (Bhalerao and Kamble, 2015). The company needs to be a top creator and dealer of toothpaste products in UK market. Competitors of this toothpaste brand can be Colgate, PG etc. With a vision to promote their oral goods to their target marketplace, the company has been capable to utilizea variety of marketing strategies approach. In line with over the line promotions, the company use TV, radio and paper poster and many more. As well, the company also endorses their goods in well-known magazines and internet poster ads (Bhalerao and Kamble, 2015). 3.0 Market Strategy When a company launches a new product in the market then they have to strategize many factors before launching that product. The company has to look in all the matters like costing of the product the initial start to the final packaging of the product then they have to fix the price of the product then the company need to decide and approach their target market accordingly (Leopold, and Laing, 2012). 3.1 Costing and Pricing Whenever a company launches their product they have to look into the costing and pricing of the product so that none of them exceeds and create problem for both the company and also for the consumers. As this company is launching their new product in the market with a little variety i.e. this toothpaste is a medicated one and has been approved by the doctors so the company has to look more keen while making and packaging the whole product and then they decides the price of the product. Toothpaste is one of those product which is been bought by everyone so the company have to fix the price accordingly (Nieuwoudt, 2015). 3.2 Sales Projections After fixing the costing and pricing then the company have to look into the sales. For that the company needs to make a marketing plan with the help of that they have to reach to their customers. The company will have to project their products in such a way that their sales will increase and their product will also be successful (Feng, and Papatla, 2012). 3.3 Marketing Plan For making marketing plan the company have go through the market research and marketing mix in one of that tool which will help in making the marketing plan for launching the product. The 4 Ps of marketing mix are- Product- As the product is medicated toothpaste the company has to show the medicated value and benefits the customers will be getting after using that tooth paste. Promotion- When the company will be promoting the product then they will have to promote in such a way specially the benefits the customers will gain after using the products. Place- The place of the promotion should be in such a place that all people can reach that place. As tooth paste is one of those products which will be use by each and every category pf people. Price- Though the product is a medicated one then also the price need to reasonable so that the price can be within everyones reach. So, with the help of the marketing mix the company can plan that how they will be launch their product so that they can easily reach to their customers and also be one of the successful running product like the other products of that company. 4.0 Business Operations: In the business operation section all the operation sections be it human resource, operations management or the service everything can be known. Both the internal and the external operation of a company come under the business operation. 4.1 Operational Function In the operational section the all the operations of the company can be seen like the making of the product and how the supply chain of that company works which helps to reach the products to the customers without any problem and delay. Working of the machines is also under the operational section of the company (Shen, and Shum, 2012). 4.2 Services offered by the Company Service provided by the company need to be the best or else it will be a very bad impact for the company and it will also ruin the good name of the company in the market. The company will have to keep in their notice that there is always demand of their product and along with that the company will also have to keep on supplying their products to the retailers and dealers who are selling their products to their customers. So, the company has to full details of their products and also need to take the feedbacks from their retailers about their product and if there is any lack the company have to overcome those (Cornelissen, and Cienki, 2012). 4.3 Personnel Operations In a company the personnel section is one the important section. The personnel section looks after all the demands of their employees working in their organization to see that whether they are having any problems or not. As if the employees are not comfortable in the organization then the end result will reflect on the product and this will not at all acceptable by the company. Along with that the personnel section looks after that the workers are working correctly or not and also their salary and wages (Tariq, and Wahid, 2011). The whole operations of the business can be explained with the help of Timmons model of the business process. The company will be able to understand their resources and also the opportunities which they will be getting from the market and according to that with the help of the resources present in the organization and with their teams of the employee the company can fill the gap which was there (Zikmund, and Griffin, 2012). 5.0 Financial Management In the financial management of the company the main section is the revenue, cost and expenditure the company and also the products which are there in the market. The financial section of the company helps in making their budget then all the revenues and expenditures can be decided. 5.1 Revenues and Expenditure The revenues and the expenditures of the company will help in the customers and also the employees to understand the financial positions of the company and after making the yearly budget plan the company segregate that how much they need to spend on their product and according to that the company will also have to earn the revenue and profit from the market. As the other products of this company are already successful in the market so the company will also have to make their financial plan accordingly. 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