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Transitions in Writing | University of Wisconsin Colleges
bacon essays notes A.)Sir Francis Bacon#8217;s fame in England and even abroad rests very largely on in essay Stonar his Essays. A Response Marangoni! According to W.J. Long, Bacon#8217;s famous essays are the one work, which interests all students of writing School English literature. In these Essays, Bacon presents himself as a novelist, a statement and a man of the word. They are specimens of that wisdom which arise our of a universal insight into Macquarie the affairs of the world. They are the fruits of the observation of life. In fact, the Essays are the fullest and finest expression of the practical wisdom he had acquired from study experience and meditation. It was the greatness of Bacon as a stylist that he sets up a model of transitions writing prose particularly in Essays, which avoided the prevailing defects of the English prose. His prose style was suitable for all kinds of subjects ranging from heaven to earth. Bacon#8217;s style was completely different.
Bacon#8217;s prose style includes a number of features common to the Elizabethans and the Jacobeans: 1) The of Bacon remains for writing London, the main part aphoristic. These are a terseness of writing Stonar expression and epigrammatic brevity in the essays of Bacon. In fact, the essays of Bacon have to writing Marangoni London, be read slowly because of the compact and writing Stonar School condensed thought.These sentences show that Bacon is a man of practical wisdom. 2) This aphoristic style always depends on the device of balance and antithesis. In the a response essay Marangoni London, essay Of Studies. Bacon says, Studies serve for ornament and for writing School, ability In the essay Of Studies he says #8220; Read not to contradict, nor to believe, but to weigh and consider. He scrupulously presents the advantages and the disadvantages of a particular issue. This sort of weighing and balancing makes his style antithetical. 3) In Bacon#8217;s style there is an over luxuriance of figures of speech. Bacon is a past master of critically Macquarie simile and transitions writing Stonar School metaphor.
The fact is that Bacon#8217;s mind was wonderfully quick in perceiving analogies of ass types. His similes and academic essay writing examples School metaphors are telling. They strike, they charm and sometimes they thrill. In Of Study he says: Some books are to be tasted, others to transitions in essay Stonar School, be swallowed and some few to be chewed and digested. 4) Bacon is a master of rhetoric and pithy sentences in his essays. Indeed, Bacon#8217;s strength lies in his conciseness. He knew, how to high up his thought with well-placed figures and give to it an imaginative glow and charm when required. Bacon#8217;s style was suited for all occasions. The adaptability to the subject matter was a characteristic quality of his writings. Some of the examples of University style of transitions writing Stonar School Bacon as proverbial expressions in his essay - Of Studies are as follows--- Crafty men contemn studies, simple men admire them, and wise men use them; Read not to contradict and confute; nor to coursewroks of Illinois in Chicago, believe and transitions in essay Stonar School take for granted; nor to find talk and discourse; but to weigh and consider. Reading maketh a full man; conference a ready man; and writing an exact man.
He adapted a Latin line from Obeid Haroids, Chapter 15, Verse 83 in order to academic writing, show a high degree of refinement and writing Stonar the assurance that comes from coursewroks The University of Illinois wide social experience. That Latin line was-- Abeunt studia in mores This line means that our study pass into our personality. Another Latin phrase as used by School, Bacon was-- This phrase means hair splitters. In context to this essay, it means a very very deep study. University! To conclude we may say that Bacon#8217;s style is transitions in essay School, compact yet polished and indeed some of its conciseness is due to the skillful adaptation of Latin idiom and phrase. But its wealth of metaphor is characteristically Elizabethan and reflects the exuberance of the Renaissance. No man in English literature is so fertile in pregnant and pithy comparisons. Bacon set up a new method of prose writing, which was at once easy, simple, graceful, rhetorical, musical and condensed. A.)Bacon's essay Of Studies is writing Istituto Marangoni, part of The Essayes or Counsels, Civil and Moral, of Francis Lord Verulam, Viscount St.
Alban (London, 1625) Bacon argues that studies serve for Delight, for Ornament, and for Ability. For delight, Bacon means one's personal, private education; for transitions School, Ornament, he means in conversation between and among others, which Bacon labels as Discourse. Studies for Ability lead one to judgment in business and related pursuits. From Bacon's perspective, men with worldly experience can carry out plans and understand particular circumstances, but men who study are better able to understand important political matters and know how to academic writing Lucton, deal with problem according to their severity (Marshalling of Affairs). At the same time Bacon encourages studies, he warns that 1) too much studying leads to laziness; 2) if one uses one's knowledge too often in conversation with others, then one is showing off; and 3) to transitions writing Stonar School, be guided solely by one's studies one becomes a scholar rather than a practical man. Assess Macquarie! Bacon's argument about the value of studies is that moderation is the key to in essay, using studies appropriately: studies are wonderful only if influenced by experience because a person's natural abilities are enhanced by studies, but studies without experience, lead to confusion in dealing with the outside world. According to coursewroks The University in Chicago, Bacon, dishonest men condemn education; stupid men admire education; but wise men use education as their real world experience dictates. He warns the educated man not to transitions in essay School, use his education to argument unnecessarily with people; not to assume that education always leads to the correct behavior or understanding; not to critically assess Macquarie University, use education merely to focus on conversation with others. Rather, Bacon argues, education (some Bookes) should be read but their advice ignored; other books, ignored completely; and a few books are to be Chewed and Digested, that is, understood perfectly and used to guide behavior. In addition, Bacon advises that some books can be read by others, who take notes, and the notes can substitute for reading an entire book--but these books should not be those that cover important subjects. Bacon returns to addressing the transitions School, effects of reading, conversation, and writing: reading creates a well-rounded man; conversation makes a man think quickly; and of Illinois writing, by which Bacon usually means argument essay writing, makes a man capable of thinking with logic and reason.
Further, Bacon argues, if a man doesn't write very much, he has to have a good memory to writing Stonar School, compensate for what he doesn't write; if he doesn't exercise the art of The University of Illinois in Chicago conversation, he needs to have a quick wit; and in essay writing Stonar if he doesn't read very much, he has to be able to fake it, to pretend that he knows more than he does. History, Bacon argues, makes men wise; poetry, clever; mathematics, intellectually sharp; logic and rhetoric, skilled in argument. In Chicago! Further, Bacon believes that there is no problem in thinking that cannot be fixed by the appropriate study--just as the right physical exercise cures physical illnesses. Every disorder of the mind has a cure--for example, if a man cannot use one set of facts to prove the truth of an un-related set of facts, Bacon advises the transitions in essay writing Stonar, study of law. Every defect in thinking can be cured by another form of study.
Can you please upload the answer to the question Critically comment on Bacon#39;s style and subject matters with reference to his essays such as #39;Of Truth#39;.
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Writing Resources - Transitions - Hamilton College
History: American/ Ku Klux Klan term paper 17747. Over the years many people have created groups to support their beliefs. These groups allow people with the writing same ideas to gather together and work out plans to advance their ideas. All of the writing Windermere groups that have been established have not necessarily gained a positive image from the public. One example is the Ku Klux Klan. The Ku Klux Klan originated over one hundred years ago and has gone through many eras and changes since it’s beginning.
Although many people know the transitions writing Stonar School Ku Klux Klan exists, they do not understand its purpose or how it has changed throughout its life. Background of the Ku Klux Klan in the United States. After the Civil War ended, the Southern States wen through a time known as Reconstruction. Ex-Confederate soldiers had returned home now, and they were still upset about the outcome of the war. It is at this point that the coursewroks in Chicago Ku Klux Klan became a part of transitions in essay writing everyday life for critically Macquarie many Southerners. In the beginning, the Ku Klux Klan was started to be a way for people who had the same views to transitions in essay School, spend time together. The original members meant for the Ku Klux Klan to be a “hilarious social club” that would be full of aimless fun (Invisible Empire, p. 9), though in later years the Ku Klux Klan became known for their violence on anyone outside the white race (The Klan, p. Of Illinois! 2). The Ku Klux Klan began in Pulaski, Tennessee, a small town south of transitions writing Stonar School Nashville. On the night of December 24, 1865, six ex-confederate soldiers were sitting around a fireplace at the law office of Judge Thomas M. Jones (Invisible Empire, p. Internet Essay Writing Of Dayton! 9).
These six friends were having a discussion and were trying to come up with an idea to cheer themselves up, since they were frustrated and bored with the inactivity in the aftermath of war. One of the men suggested that they should start a club and the rest of the men agreed with the in essay writing Stonar idea. After discussing the new idea, the men decided to meet again later and they retired for the night. Of Process Essays International! The second meeting was again at Judge Thomas M. In Essay Writing! Jones’ law office and was attended by the same six men. During this meeting the group decided the club’s need for a name. After many hours of writing a response Istituto London deliberating, they decided on in essay writing Stonar School the name derived from the Greek work kuklos, meaning circle Ku Klux (Knights of the KKK, p. 2). The group later added “Klan” to the work to make the phrase complete (The Klan, p. 3). At this time, the group decided what to call the university writing Windermere School different ranks of the members, starting with the leader, the transitions in essay writing Grand Cyclops, all the way down to the ghouls, or members of no rank. When the men had finished organizing, they were overjoyed about their new group, and they decided to show everyone their new creation.
The members wrapped themselves and their horses in a sheet and rode through the small town and terrified everyone, especially the Negroes (Invisible Empire, p. 12). No doubt, this is the harmless little club that later would be taken to extremes by its members. Admittedly, the Ku Klux Klan did become out of control in later years, but when it was first created it had no specific meaning; it was a way to simply have fun. After the writing a response essay Marangoni members saw the effect the group’s appearance had on people, they began to use the results to their advantage. Because the in essay Stonar Klan resembled ghosts, many of the citizens of examples writing University Pulaski believed them to be dead soldiers of the Confederate Army when they saw them riding on their horses through the small town (Knights of the KKK, p. 3). While the Negroes were busy avoiding the Ku Klux Klan, its main purpose changed. The Ku Klux Klan began aiming its violent actions toward Negroes, Jews, Oriental, and various other members of society that did not belong to the white race.
Although violence was already occurring against non-whites before the transitions in essay writing organization of the Ku Klux Klan. The Klan just used this fact as a way to keep their “enemies” under control (Hooded Americanism, p. 8). No one denies that the Ku Klux Klan became a brutal force over the years, but the fact remains that violence was not the reason the coursewroks in Chicago group was founded. It is true that all groups and clubs must go through changes, but many of these changes, which the Ku Klux Klan endured, were not necessarily the best for transitions in essay writing School everyone. Shortly after the Ku Klux Klan’s first ride, its members began to essay examples, cause a major impact on society. Many members decided that the Klan could be used as a way of writing Stonar discrimination.
Many members also saw the Ku Klux Klan as a way for the South to academic writing, regain control and keep the “Northern Folk” out. Another reason the transitions in essay School Ku Klux Klan changed is that members broke off from the original den and created their own dens (Invisible Empire, p. 11). At this point in time, any “roughouser” could joint the Ku Klux Klan for only ten dollars. By 1879 the membership of the Ku Klux Klan had exceeded eighty-five thousand members (Knights of the KKK, p. 3). Many people believed this is the point when the Ku Klux Klan became uncontrollable and its ramifications engulfed the entire nation.
Visitors to the town of Pulaski also inspired the growth of the Ku Klux Klan. These visitors went back home after their trips and began setting up their own dens and branches of the Ku Klux Klan. Writing University! More than a dozen kindred groups were set up during this period. Transitions Stonar! All of these groups were deeply entrenched in the Southern States (Imperial Klans of America, p. 2). Though the growth of the Klan was steady, it was undirected and undisciplined, causing many of the dens to internet essay writing University of Dayton, become violent and unruly. The Ku Klux Klan had a great deal of external help in outgrowing the small town of Pulaski. Newspaper and magazine articles added fuel by publishing propaganda and stories about the mysterious order, which had taken over transitions writing the South (Knights of the Lucton KKK, p. 4). In Essay School! Indeed the Ku Klux Klan had surpassed the expectations of the original members. Members of the Ku Klux Klan saw the great increase in growth of the group and decided to have a national convention to help maintain order within the group.
The Ku Klux Klan National Convention was held in April of 1867 at the Maxwell House Hotel in Nashville, Tennessee. Here the Grand Cyclops from all the critically assess Macquarie dens met to discuss and set the general guidelines for the Ku Klux Klan’s different dens across the United States, and the group also set specific rules for transitions in essay writing Stonar members. Also at the convention, the group drafted and approved a constitution so everyone would be aware of the group’s rules and The University of Illinois in Chicago, regulations (Hooded Americanism, p. Transitions In Essay School! 9). It was at of process International the National Convention meeting the in essay School Ku Klux Klan decided to essay writing, appoint a Grand Wizard to head and transitions in essay writing Stonar, control all of the dens of the Klan across the United States. General Nathan Bedford Forrest, formerly an officer in the Confederate army, was the group’s choice for the position and he gladly accepted. The Empire of the critically Grand Wizard was divided into realms, dominions, provinces, and dens, headed by Grand Dragons, Titans, Giants, and Cyclopes, and composed of Ghouls. Under the command of General Forrest the Ku Klux Klan became a greater choice in society than it had ever been (Hooded Americanism, p. 10). Since their new leader was in Stonar, place, the final objective of the conventions was reached by creating an official symbol of the Ku Klux Klan. The symbol is a cross with a drop of blood (representing the blood of Jesus Christ) within a circle.
This symbol was meant to represent the totality of the White race (Invisible Empire, p. Writing Essay London! 13). Admittedly, the Ku Klux Klan still had problems, but after their national convention many of its activities were more effective and organized. Almost every group that has ever come about has had its share of problems and in essay writing School, the Ku Klux Klan was no exception. As with any controversial group, the public asked the government for assistance in disposing of writing a response essay Istituto Marangoni this violent organization. The Ku Klux Klan had become soft in enforcing its policies and this deficiency allowed its members to cause chaos throughout the Southern states. Because many of the police supported the Ku Klux Klan movement, many incidents occurred and no investigation ever followed.
The Ku Klux Klan was finally slowed when the Stonar Federal Bureau of Investigations stepped in examples, and became involved in reducing the transitions in essay writing Stonar School power of the group. The major reason many incidents took place is that many ex-confederate soldiers had begun organizing their own dens. Writing Service! The hatred of blacks was the main reason that many people decided to join the Ku Klux Klan movement. As the Ku Klux Klan’s membership grew, it obtained a wide range of enrollees. In Essay Writing! The Ku Klux Klan had members from all social classes (Knights of the coursewroks The University KKK, p. 6). Not all of the members joined the Ku Klux Klan to cause trouble; many joined to keep from being victims.
Ku Klux Klan members admitted that they were a “rough bunch of boys” and a ten-dollar joining fee had allowed anyone to join; no person was responsible for monitoring motives for joining. For instance, many politicians had joined just so they would have the transitions in essay writing School help of the Ku Klux Klan in campaigning of the election. General Forrest tried to be strict on essay writing of Dayton membership requirements, but his objective failed (Invisible Empire, p. 14). One of the Ku Klux Klan’s strong attractions to the average American was its secrecy, which was also one of the weak points which led to its undoing. The mystery of the white sheet made control of the members a virtual impossibility, which resulted in the perpetration of all types of crimes by the Klansmen. Because of this, the leaders officially broke up the organization in 1869, tore up their Klan insignia, and destroyed their records. Nevertheless, white-robed nightriders continued to terrorize communities until the United States Congress passed laws in 1871-1872 aimed at the disbanding of the Klan and transitions writing School, other secret societies (The Reference Shelf, p. 85). Despite the 1871-1872 legislation, the American people had not seen the end of the hooded Knights of the Ku Klux Klan. William Joseph Simmons of Atlanta, Georgia revived it in November 1915. For the first few years, the revived Klan was confined to Alabama and Georgia and was, in fact, another fraternity.
In 1920, its membership was less the two thousand, and showed no indication of becoming a sociological phenomenon in the United States (The KKK in the City 1915-1930, p. 120) It was then that two promoters, Edward Young Clarke and Mrs. Elizabeth Tyler, were attracted to critically assess University, the Ku Klux Klan. Although they had participated in promotional drives for respectable organizations, such as the Red Cross, Salvation Army, and Anti-Saloon League, Clarke and Tyler had distasteful reputations. When they offered to put this experience in manipulating human emotions at transitions School the disposal of the Klan, Simmons readily accepted. Therefore, in writing a response Istituto Marangoni, three months 48,000 persons joined the in essay Stonar School Klan; and within a few years, Klan membership was being estimated in internet essay writing of Dayton, the millions (The KKK: A Study of the American Mind, p. Writing! 3)
In the The University winter of 1920-1921, the Ku Klux Klan crossed the Mason-Dixon line into the northern States, and by transitions in essay Stonar School, 1923 the essay University older Northwest had become the “center and source of greatest power” for the organization. In May 1923, a survey of Klan membership discovered that Indiana claimed 294,000, Ohio 300,000, and Illinois 131,000. Other Midwestern states had memberships ranging from 30,000 to transitions Stonar School, 75,000. Therefore, by the middle of examples writing Florida International University 1923, the Klan had claimed approximately three million members (The KKK: A Study of the American Mind, p. 96) The Ku Klux Klan in Canada. The first attempt of the Ku Klux Klan to organize into Canada began in Montreal in writing, September 1921. “The famous Ku Klux Klan is critically, organizing in Montreal,” reported the in essay Montreal Daily Star. Examples Essays Florida International! The report said that a secret meeting was held and attended by “masked, hooded and silent men,” who planned to provide “proof of their existence in the form of some demonstration.” The Klan continued to operate throughout the 1920’s in Montreal. British Columbia appears to transitions in essay Stonar School, have been the second province in Canada to have a branch of the Ku Klux Klan. It was not until 1925, however, that organization of the Klan began with the importation of three Klansmen from Oregon, Major Luther E. Powell, Captain W. B. University Essay Windermere! Laycock, and Dr.
Keith Allan. Within a short time, local organizations were established at Vancouver, Victoria, Nanaimo, Ladysmith, and Duncan. In Essay Writing School! A Klan rally held in North Vancouver attracted five hundred people and was addressed by Klansmen is full dress (White Hoods: Canada’s KKK, p. 22). For the first few weeks of the Klan’s activities under the leadership of American organizers, the newspapers gave full coverage. Of Process Writing International University! Other reactions brought the Klan added publicity: in Victoria, a “black hooded gentry” was organized to combat the white hooded knights of the Klan; a Labor member of the Legislature, Mr. Tom Uphill, received a note from the transitions in essay order, during proceedings of the House, saying, “You are known;” and on the 26th of November 1925, the Klan announced its intention of holding a grand demonstration in Victoria (White Hoods, p. 24)
The Klan continued to be active in academic essay School, British Columbia for at least another twelve years. In 1927, Vancouver claimed a membership of eight thousand, Victoria three thousand, New Westminster five hundred, and White Rock two hundred. There were at least another one thousand at transitions in essay Stonar School scattered points throughout the province (White Hoods, p. Academic Essay Writing Examples School! 25) In British Columbia, the Klan could easily fasten itself to an anit-orientalist tradition. In February 1927, for example, the Vancouver Klan passed a resolution supporting the “complete prohibition of Asiatic immigration into Canada, repatriation of all Asiatics at present domiciled in this country, and expropriation of their property…with fair recompense.”(Shades of transitions writing Right: Nativist and Facist Politics in coursewroks of Illinois in Chicago, Canada, p. 42) This resolution was sent to the New Westminster District Trades and Labor Council, the Victoria Chamber of transitions in essay writing School Commerce, and the local provincial and federal governments. The British Columbia Klan continued this practice of Macquarie University petitioning government members for such reforms of Canadian life until at least 1932 (White Hoods, p. 26) The Ku Klux Klan conducted, however, other more stunning activities. On June 18, 1927, the organization requested and received the permission of Vancouver City Council to hold a parade in that city. The parade was widely advertised and ten thousand citizens attended on the streets of Vancouver to cheer the marchers.
Of the five thousand Klansmen, dressed in full regalia, which were advertised as participants in the affair, only two hundred appeared. The reason for this was that the police prohibited the wearing of masks shortly before the parade was scheduled, and it might also have been caused by transitions writing Stonar, an exaggeration of Klan membership (White Hoods, p. 26-27) It would appear the Maritime Provinces were next in line for the Ku Klux Klan. Examples Of Process Essays Florida International University! One of the Klansmen, C. L. Fowler, wrote, “As I see the situation we shall have no trouble at all along the border land. The entire territory from Nova Scotia which is richly and predominantly Protestant and all along Via Quebec, Montreal, Ottawa and Toronto should be fine territory and should make it possible for us to gather in large numbers at once.” A few weeks later, Fowler again wrote to in essay writing, inform someone, that he had a friend in New Brunswick who was already engaged in the work and who reported that they would have no trouble establishing the Klan as “the men up there are wild for the organization.” (White Hoods, p. 55) The Ku Klux Klan penetrated other parts of the Maritime Provinces but, it seems, without much success, as there is little evidence of the order’s activities. Prince Edward Island also appears to have witnessed some Klan activity, as stories of the Klan apparently circulated among the people, but no reliable or specific information on its activities has been discovered or documented. As early as September 1923, the Ku Klux Klan had begun recruiting in Ontario. The campaign for membership was to be continued under the leadership of King Kleagle R. Eugene Farnsworth of Portland, Maine, who was a former itinerant hypnotist, lecturer, promoter, and photographer.
A meeting was held, in university essay Windermere School, March 1925, at the Iroquois Hotel. The purpose of this meeting was to set up and establish the Ku Klux Klan in transitions writing Stonar, Canada. Writing A Response Istituto London! The official name of the organization adopted was The Invisible Empire, Knights of the Ku Klux Klan of Kanada, and the chief officers appointed were R. In Essay Writing Stonar School! L. Cowan, Imperial Wizard (President), J. University! H. Hawkins, Imperial Klaliff (vice-president), and C. L. Stonar School! Fowler, Imperial Kligrapp (Secretary) (Shades of Right, p. 46) By May 16th 1,102 members had been recruited. But within six weeks, Hawkins, the critically assess Imperial Klaliff, resigned and was demanding $2,836.00 in School, back salary, and threatening to examples writing Florida, go to court if not paid. In Essay Writing School! Hawkins, however, did not remain at rest; he quickly met with Klansmen at critically London and Hamilton and won them to his side. On July 17th, 1925, Hawkins organized a completely independent branch of the Klan, the transitions in essay writing Stonar Ku Klux Klan of the British Empire, the upholding of the womanhood of the nations and writing, its protection against colored or foreign peoples, the abolition of the yellow peril, and the abolition of anything tending to bring ridicule on the Protestant church. The new regalia for in essay writing School the “reorganized” Klan was to be the same as the of process essays Florida International University original body except that the Union Jack was to be worn on the right breast, instead of the left. Within a few weeks, however, Hawkins was forced out of the Ku Klux Klan of the writing School British Empire and returned to the United States (White Hoods, p. 56-58). Klaverns were organized at various points in Ontario, such as, St. Thomas, Exeter, Sault Ste Marie, Ottawa, Kingston, Richmond, and Belleville.
There is some evidence of vigilante activity by internet writing, the Klan in Ontario. At Barrie, for example, a member was convicted of blowing-up a Roman Catholic Church, and at Oakville, a group of Klansmen rode into town, burned a cross on Main Street, and separated a young man thought to be of Negro ancestry from his fiancee and warned him to keep away from white girls (White Hoods, p. 59). Although, it seems that the Ontario Ku Klux Klan of the 1920’s faded away as quickly as it had appeared. When Fowler and Hawkins organized the Ku Klux Klan of Kanada in Toronto, they attempted to transitions writing School, enlist experienced organizers for the other provinces. Manitoba was one of these provinces. Fowler wrote to Hawkins on February 18th, 1925, “Colonel Machin has done some good work in Manitoba. He will get a Charter there also after Parliament adjourns April 1st.” (Shades of Right, p. 51) However, this was not to be, and the “good work” seems to have suddenly stopped when Colonel Machin moved his base of operations to Kenora, Ontario, within two months of the letter (Shades of Right, p. 52). The first attempt to organize the Klan in Manitoba was in Winnipeg on June 1st, 1928.
Organizer, D. University Writing Windermere! C. Grant, conducted a meeting in the Royal Templars Hall on Young Street. On July 7th, Dr. Hawkins lectured at Virden, and on October 19th, Grant held a rally in St. Boniface (White Hoods, p. 61). The Klan’s campaign apparently brought some results. There is evidence that D. C. Transitions In Essay Writing School! Grant continued to organize in Manitoba at least until 1929, and perhaps in to the early 1930’s, for the Winnipeg Klan passed a resolution protesting bilingualism in January 1930. The organization does not appear to have reached beyond Winnipeg in writing London, the east. But in general, Manitoba did not prove to be a fertile field for in essay the Klan; meetings were poorly attended and the membership does not seem to have been large at any time (White Hoods, p. 61-62). Ku Klux Klan organizers from British Columbia entered the critically University province of Alberta in transitions in essay School, 1926 and 1927, and began recruiting members at ten dollars per head. Within a short time, one thousand members were in the order, with locals at Calgary, Milo, Vulcan, Red Deer, Taber, Rosebud, Edmonton, and The University, many other smaller centers. The order seemed to be making good progress until the organizers disappeared with the Klan funds in the fall of 1927.
Two years later, however, in the fall of 1929, organizers from Saskatchewan revived the Klan. Within six months, the Alberta Klan called a provincial convention for March 2nd, 1930, in Calgary, where officers would be elected and a course of action planned for transitions School the coming election (White Hoods, p. Writing A Response! 64). In the fall of 1927, most of the Ku Klux Klan bodies in eastern and western Canada merged together, under the name of “The Invisible Empire Knights of the Ku Klux Klan of Canada,” leaving as separate organizations only the Ku Klux Klan of the British Empire and Stonar, the Saskatchewan organization. Four principal officials were appointed for critically Macquarie University the dominion-wide organization: Rev. George Marshall, Imperial Wizard, and J. S. Lord, Imperial Scribe, for eastern Canada with headquarters in Toronto; and Rev. Charles E. Batzold, Imperial Wizard, and A. J. Transitions In Essay Stonar! England, Imperial Scribe, for coursewroks The University in Chicago western Canada with headquarters in transitions, Vancouver. However, it seems that the merging was never perfected, as most of the provincial Klan bodies were split by Lucton, constant internal bickering, failing to attain stability for any length of in essay School time, and university essay writing service Windermere School, unable to in essay Stonar School, organize dominion-wide conventions (White Hoods, p. 65-67).
By 1926, the Klan had, although never with spectacular success, penetrated most parts of internet writing of Dayton Canada, feeding on traditions of prejudice that were not new to the nation. The Ku Klux Klan Today. Even though the Ku Klux Klan dwindled in membership, it never died in transitions Stonar School, the eyes of the people who truly believed in it. The Ku Klux Klan has not drastically changed since the origination of the examples writing Florida University group. Stonar School! It is today, an institution of chivalry, humanity, mercy, and patriotism, which are all characteristics of the writing service Windermere original Klan. Also, the Klan is dedicated as preserving the maintenance of White Pride and transitions Stonar School, the rights of the White Race, which was also a goal of the original founders (North Georgia White Knights, p. 2). The activities of the modern Ku Klux Klan vary from den to den depending of the essay writing University of Dayton inclination of its members. Some dens of the Klan tend to use more violence to express their viewpoints than do other dens. Some groups use threats, arson, and other forms of violence to force their ideas on modern society, while others simply choose to march and protest opposing views.
Regardless of the activities each den decides to participate in, the main goal of the Ku Klux Klan today is the progression of the White race and it is the same goal the original founders focused on. In Essay! The main characteristic of the Ku Klux Klan throughout the internet writing University years has been that the group is a gathering of white Christian men and women who have joined together because of a common bond they share by blood and faith. This is what the transitions in essay Stonar original founders intended the group to become and they achieved their goal. Even though the Klan is sometimes looked upon as a “hate group,” the writing Istituto London characteristics of the group are a positive for society. At this point in time, no single organization of the Ku Klux Klan is in existence. The Klan has splintered into several independent groups. Since the Klan has broken up into many groups, no one knows the transitions in essay writing Stonar exact number of members or its affiliated groups. Although the Klan’s members have changed their appearance and the membership has declined, no one can deny that that Klan is still a major influence on society. Due to some changes in examples writing International University, the Ku Klux Klan, the organization now has new objectives.
Leaders of the Klan now say they work to replace the collapsed society and push for the advancement of the White Race. Other objectives of the Klan are to start focusing on the family again. The Klan also intends on transitions writing stopping abortion, reverse discrimination, and welfare for those who do not need it. The most important objectives of the Klan today are to outlaw homosexuality and inter-racial marriages. They attribute the imminent down fall of modern society to these two problems (Imperial Klans of America, p. 2). The Klan agrees that everyone should be proud of their race, which means that White people have the right to be proud as well.
Any new members of the Ku Klux Klan have to take a pledge not to commit any crime against anyone. The Klan’s motto printed on propaganda is “Not for self, But for others;” this is the main focus of the Klan today (Imperial Klans of America, p. 2) Even though the Ku Klux Klan has new objectives, the coursewroks in Chicago main goal of the organization is to in essay Stonar, make the White Race superior to university essay writing Windermere School, all others. Although the Klan has gone through many changes since it’s beginning, the present Klan is not very different from the original organization. Transitions In Essay Writing Stonar School! And though the Klan is an organization like no other, it still has endured many problems, as do other groups. It is impossible for people who do not study the Ku Klux Klan to understand why it exists, but some of critically Macquarie University their concepts are really based on solid ground.
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Create your free Business Plan now. Make an investment-worthy business plan easily with our free template. Select a Industry Fill in transitions in essay School, the Form. Complete your Business Plan. Print and Download For Free. Business Plans: Writing Guides, Downloadable Templates, and Samples. Updated February 15, 2017 by Legal Templates. 1. Free Business Plan Template Download.
Are you an entrepreneur looking to download a free business plan? If so, you have come to the right place. Legal Templates is happy to provide you with a hassle-free document downloads. Click the buttons below to download (1) a blank document, and internet essay writing University of Dayton (2) a document that is filled in for you to reference. Related Business Documents: Click to View. What’s included in the blank template: In the first download, you will find documents with all of the chapters, section titles, and section subtitles that you will need to successfully complete your plan. Our first plan contains the 8 chapters of a basic business plan including: Chapter 1: Executive Summary: The executive summary provides investors with a general layout of your company. This chapter is essentially your hook to convince potential financiers that your model is worthy of their investment. Stonar! Chapter 2: Company and Financing: In this chapter, the goal is to outline the critically Macquarie University, legal and operational structure of in essay, your company, financing requirements, the history behind the writing essay Marangoni, company, mission statement and the management team.
If you are forming a corporation, be sure to include your Articles of Incorporation here. Chapter 3: Products and Services: This section describes what products and/or services your business will sell (now and in writing, the future), and how you will build, assemble and deliver them. University Service School! It also offers a comparison of your company and your direct and indirect competitors. Chapter 4: Customers and in essay writing Stonar Market Analysis: The customers and market analysis page indicates your target customer segments, what needs you are filling for them , and the latest trends among these consumers in terms of growth and behavior. Chapter 5: Marketing and Sales: The marketing and sales chapter allows you to describe how you will sell your product/service. The University! Particularly what are your company’s strategies for positioning, pricing, promotion and transitions in essay School distribution. Chapter 6: Strategy and Implementation: This chapter will give you an critically assess, opportunity to in essay writing Stonar School, set the key milestones that help establish a timeline of progress towards your goals. Additionally, it includes subsections like SWOT analysis, competitive edge, and essay writing Windermere strategic alliances. Chapters 7 + 8: Financial Plan, Sales Forecast, Financial Statements: In the final two chapters, entrepreneurs must define and transitions in essay Stonar calculate the financial variables that will go into the creation/expansion of your idea, including its expenses, your anticipated sales forecast, personnel plan, cash flow assumptions, and more. If you are purchasing an existing company, you should also include the business purchase agreement in your plan.
What’s included in the template with sample text: In the second download, we give you a completed ice cream shop plan to The University of Illinois, reference. Each section gives an example of what you should write. Our guide also includes example graphs and transitions Stonar charts, so that you are aware of the examples essays International University, types of financial calculations, plans, and forecasts that a plan should offer to attract investment. For guidance on what you should include in transitions in essay Stonar, your plan, and why, please reference our How to Write a Business Plan set of articles below. Downloading this small business plan comes at no cost, so feel free to start your download and get started. However, you should be aware that there are some pros and writing of Dayton cons to in essay writing School, using free business templates, rather than using professional software or an experienced writer. Writing a business plan is essay writing, a prerequisite to your company’s success. A solid plan is writing School, necessary to help found your company and essay service ensure that your goals remain on track over time. Your plan can and will change as you encounter the unpredictable variables that come with starting your own company. If you have an existing company, crafting a solid plan is equally important if you’re hoping to attract investment and expand your company beyond the transitions Stonar, limits you’ve already reached.
Your business strategy should account for essay examples School, the next 3-5 years in in essay writing, advance, and cover every aspect of your industry, including the critical relation between marketing and sales to your company’s finances. Your plan should include the following sections before you submit it to investors. Click each accordion to writing Florida International, read a how-to guide for each chapter: “How to Write a Business Plan” Table of Contents: How to transitions, Write the Executive Summary. The executive summary contains all of the essential information about what makes your business strong and worthy of investment . It covers the major highlights of the critically assess University, rest of in essay Stonar, your plan’s chapters. The goal is to briefly tell your reader what your company will do, where you want to take it, and why your business idea will be successful.
If you are seeking financing, the executive summary is your first opportunity to grab a potential investor’s interest. The executive summary will be the first chapter of your business plan, though it’s actually the last section that you should write . First, you’ll need to do heavy research to ensure that your plan is sound before you can write the executive summary. This section will be different depending on of process writing Florida if you are an transitions Stonar School, established business or a new startup. A startup company’s executive summary will need to be interesting and internet essay University convincing to capture the attention of transitions writing Stonar School, investors. Your company will lack the historical data and trends that existing companies are able to provide, but there are strategies to mitigate these factors.
First, you’ll need to briefly explain who you are, the background of your management team, and your reasoning behind starting a business in essays University, your chosen niche. Secondly, you’ll need to demonstrate that you’ve done quality research that supports how you’ve conceptualized your business. Investors know that talk is transitions Stonar, cheap – do you have the data and analysis to back up your claims? Even in a standard plan, the executive summary for an existing business has no set template, although there are several suggested guidelines that you can find around the web. We suggest the following basic template – feel free to university essay writing service School, add or subtract sections according to your own needs:
Summary Management Team Products and Services Customers Marketing and Stonar Sales Financial Forecast Financing Requirements (optional) Describe the The University of Illinois in Chicago, purpose of the plan (e.g.; to raise a specific amount of transitions writing Stonar School, debt financing to expand a store location) as well an overview of the company (name, location, company type, products sold, founder(s) and writing Istituto founding date). Describe the key milestones or objectives that you want to achieve with this business (these are the tangible results in which you use to prove success of the venture). This statement should be concise and to the point. Summarize the members of the management team, including highlights of writing Stonar School, their expertise and experience . Describe how each member contributes to the success of the organization. Keep this section brief, as you will go into more detail in writing Marangoni London, the Products and Services section. Products and in essay writing Stonar Services. Describe the products and services you are providing and who the competitors are within the industry . Keep this section brief, as you will go into more detail in critically assess Macquarie University, the Products and Services section. Describe whom your customer groups are and whom your key customers are , as well as how you will market to transitions in essay writing, them.
Keep this section brief, as you will go into more detail in the Market section. Describe briefly how you will market your product or service. Summarize the major points in the Marketing and Sales chapter, which may include market positioning, pricing, promotion, and distribution. Summarize the most important points from the Financial Plan section here. University Service Windermere School! This should include your sales forecasts and in essay writing projected expenses as well as the logic behind the coursewroks The University of Illinois in Chicago, projections. If you are a new company, describe when you expect to turn a profit . If you are an transitions in essay writing Stonar, existing company, highlight past financial performance.
7. Financing Requirements (Optional) Summarize the university essay service, amount of equity and/or debt financing that you are seeking, when you need it, the in essay writing Stonar, use of the funds, and when you expect to essay writing School, reach your next milestone event and/or start paying back the loan. Keep this at an overview level , as you will go into transitions writing Stonar School more detail later on in other chapters. Note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process first . In particular, complete the financial planning process before attacking this section. Only then will you be able to identify the amount of money you will need to writing Istituto London, raise. With these sections fleshed out, you’ve finished your executive summary. How to Write the Company and Financing Chapter. The company and finance section of in essay, your plan is important, because introducing the management team is critical for both start-ups and established companies alike. Investors will use this information to gauge the future likelihood of success. Company and Financing Sections.
Company Overview Management Team Required Funds (optional) Exit Strategy (optional) Mission Statement (optional) Company History (optional) Location and Facilities (optional) There are many variations and approaches on how to lay out the various components of a business plan. Our approach for the company overview section is to provide the reader with the company’s legal information, address and a brief description of the company’s history. Since there are follow up sections in this chapter that over go the company’s location and history in more detail, you will want to Lucton School, keep this short (2-3 sentences). A BRIEF PRIMER ON COMPANY TYPES. The optimal company type is transitions in essay School, best determined by a credible Attorney. The primer below is critically assess Macquarie, meant only to explain the broad differences between the most common company types. A sole proprietorship, according to the IRS: “A sole proprietor is someone who owns an unincorporated business by him or herself.” While the most simple to set up and the most common, there is a significant drawback: you will be personally liable for any obligations. So for example, if you sell someone a cupcake and they sue you because they found a hair in transitions in essay writing, it, and you lose in coursewroks The University in Chicago, court, the creditors can legally go after your personal possessions – such as the roof over your head. A partnership, according to the IRS: “A partnership is the relationship existing between two or more persons who join to writing Stonar School, carry on a trade or business.
Each person contributes money, property, labor or skill, and expects to share in the profits and academic writing Lucton School losses of the company.” A partnership has certain advantages compared to a LLC, such as not needing to transitions writing, file formation documents when setting up a partnership, and not needing to University, file dissolution documents if dissolving the partnership. However, similar to in essay writing Stonar School, sole proprietorships, partners in a partnership have unlimited liability for coursewroks The University of Illinois, the company’s debts and liabilities. Limited Liability Partnerships (LLPs) LLPs are different from traditional partnerships in that there are two classes of partners: (1) General partners that have full management and transitions in essay School control but also full personal liability and (2) Limited partners that have no personal liability beyond their investment in the partnership interest. Limited partners are often times “silent partners” that wish to invest in Macquarie, the venture but limit their exposure to liability. A corporation is a separate legal entity owned by transitions in essay Stonar School, shareholders. Critically Macquarie University! A corporation is commonplace for School, businesses that anticipate seeking venture capital financing. The downside to a corporation is the problem of “double taxation” since the corporation’s profits is taxed at the corporate level, and then any dividends distributed to shareholders are then taxed again at the personal level. You can elect a special tax status with the IRS to essay Lucton, have your corporation not be taxed at the corporate level (instead, it would be taxed as a pass-through entity).
Some of the transitions in essay writing, drawbacks include not being able to of Illinois, have more than 100 shareholders , and not being able to have non-US citizens/residents. A popular choice among many small businesses , a LLC limits the member’s personal liability and only taxes profits at the individual level (acts as a pass-through entity). Describe the type of transitions Stonar, company you plan to open, along with the registered name you plan to use. Explain your rationale – for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to essay writing service, start a C-Corporation as majority of VCs will insist on this legal structure. If you have a home office/no dedicated business address. Include your current office setup and your future office plans once your company expands, if applicable. For start-ups, and in essay especially those seeking financing, the Management Team section is internet essay writing University, especially critical.
With the lack of history, there is transitions in essay, little investors can go by to gauge the future success of a venture. The question lenders and in Chicago investors will ask: Why should we trust your team with our money? You must demonstrate your team’s ability to execute on transitions writing School the stated goals. To accomplish this, you should highlight: Background of academic essay writing examples School, each member of the transitions writing Stonar School, management team (education, relevant work experience, etc.) Roles and examples International responsibilities within the company. Tip: Don’t include details about members of the Management Team that are not relevant to the reader.
Everything presented should reinforce why your team is the Stonar School, right team to execute on the company’s vision. If you have an established business the information you want to present is the same. Keep in mind, however, that you also want to of Illinois in Chicago, demonstrate that your team has the capability to manage growth of the company. As a company grows from start-up to established business, the management team must also change. Transitions Writing Stonar! They must be able to critically assess University, manage employees, institute standardized systems, and ensure the business’s ability to writing School, scale operations while keeping profitability stable. If you already have a Board of Directors and/or Advisory Board, list these individuals and a brief description. In a publically trading company the examples Florida, Board of Directors is elected by the shareholders and is the highest authority in the management of the company. For our purposes (context of a private company that is in essay Stonar, most likely a startup or small but growing business), a Board of Directors is university writing service School, comprised of investor(s), founder(s), CEO and independent board member(s) who have substantial business and industry experience. A Board of Director’s typical responsibility is to in essay Stonar, set broad policies for the company, determine compensation for internet University, company management, and approve annual budgets. An advisory board is School, a group of business leaders that can help guide your company and provides it with assistance when needed. Choose individuals with knowledge in your industry and are willing to play a role in your company . While some advisors are compensated, it comes down to a case-by-case basis, frequently depending on The University of Illinois how much time the member is committed to your company.
Tips on building your Advisory Board: Choose a well-respected and Stonar well-known individual as the first member of your Advisory Board. This will help you to recruit other members of the Board. Choose individuals that have strengths and relationships your business will need. As your business evolves, so will the members of essay, your Advisory Board.
Feel free to shake up the transitions in essay Stonar, line up over time. In this section you will tell the reader how much money you need to raise, what you are going to use it for, and how you got to the requested amount. Important note: This is a complex question that you cannot answer until you complete your plan, so it is highly recommended you work your way through the entire writing process and in university essay, particular, complete the financial planning process. Only then will you be able to identify the amount of money you will need to raise. There are two primary financing options: equity and debt. The primary difference between equity and debt financing is that debt financing is essentially a loan that is backed by your assets or via a personal guarantee. If your company is transitions School, already in existence and university essay writing service Windermere School has trading history, then you may also secure a loan off of your receivables. In contrast, equity financing is essentially you exchanging a stake in transitions writing Stonar, your company for academic Lucton, a specific sum of money from an transitions in essay School, investor . Therefore, the amount you are able to raise from investors comes down to how much they value your company. There are three fundamental questions every savvy investor will ask you: Cool idea, how do you make money with it? How much money do you need, and why and when?
What do you think your company is worth? If you are seeking financing (regardless of coursewroks The University of Illinois in Chicago, its equity or debt), that most likely means that your financial model shows your company taking a loss in the initial stages, followed by break-even and subsequent profitability. The money you are seeking to raise will simply allow you to have enough cash to cover the initial period where you will be taking a loss so that you can eventually make a profit. This is a simplification; you may be raising money to Stonar School, further grow your company, which may already be profitable. Or you might use the financing to get your product to the next stage in its product development lifecycle (i.e.; milestone event). But the general concept is the critically University, same; the investment you are seeking bolsters your company’s cash position , allowing it to in essay writing Stonar School, grow revenue and/or profitability. Cool idea, how do you make money with it? / How much money do you need, and why and when?
The financial statements provide the answer to the first two questions (which is examples writing essays Florida University, why we recommend you complete your plan first). To answer how much money you need, analyze the cash flow statement to in essay Stonar, determine the cumulative cash flow. The lowest point on this curve will tell you what your maximum financing needs are , and at what point in a response London, time. What do you think your company is worth? The third question is much harder to answer, especially for a new company. Transitions Stonar! At the Macquarie, end of the day it really comes down to what an writing School, investor thinks your company is worth (which is examples of process writing essays International University, more art than science).
However, there are three popular methods of valuing a company that can help you come up with a valuation to transitions writing School, facilitate the negotiation. Cost approach (asset based approach) The cost approach seeks to determine a company’s value by of Illinois in Chicago, analyzing the market value of its assets. In other words, in transitions in essay, this approach the company is Lucton School, worth the sum of writing School, all its assets if they were to be liquidated . This approach may be appropriate for some industries such as real estate where the asset value may actually be worth more than the going concern value (present value of future cash flows generated by the asset). However, for many companies the value of academic essay Lucton, its branding and reputation, along with its ability to generate profits, will exceed the value of its assets. The market approach seeks to determine a company’s value by analyzing recent sales of similar assets, with the theory that valuations of similar companies can serve as a good proxy. This is a common approach in the real estate industry. The income approach seeks to determine a company’s value by Stonar, using its expected profit over time and then placing a value on that future stream of income in today’s terms . Since there is inherent uncertainty with a future stream of International, income, there are numerous ways to discount that expected income to account for risk. Now you have all the transitions in essay, pieces to complete the equation. You have the internet essay writing of Dayton, amount of money you need by looking at cumulative cash flow. You also have an idea of how much money your company will be worth.
Equation to determine how much equity you should offer: Equity to offer = Company Valuation / Money needed. If raising debt, you are not exchanging equity for in essay, cash. Instead, you should focus on the loan’s interest rate and payment schedule. Make sure you will be turning a profit that is both large enough and soon enough to ensure there is internet writing University, no delinquency on servicing the transitions in essay Stonar, loan. For equity financing, answer the following: Investment amount needed When you need it How much time it will buy you / When you expect to turn a profit or get to a response essay Istituto Marangoni, the next milestone event % of equity offered and at what company valuation (you may wish to Stonar, keep exact figures vague in order to further negotiate) Exit strategy. For debt financing, answer the following: Loan amount needed When you need it When you will be able to pay back the loan The amount and frequency of loan payments. In addition to the information above, you should also summarize how you plan to use the funds. Assess University! The level of writing Stonar, detail should be at a high level ; if the investor or lender wants to see expenses in essay Windermere School, more detail that will be available in the Appendix within the Profit/Loss statement.
Construction of new kitchen: Kitchen remodeling, March 1, 2014, $25,000 Kitchen hardware, April 1, 2014, $50,000 Total Loan Amount: $75,000. If based on your financial model you anticipate relatively small yet variable expenses month to month, a line of credit may be a good choice. Transitions School! With a line of credit you draw upon it when you require the funds and pay interest immediately on Macquarie the money as it is borrowed. It works very similarly to a credit card in that you typically have a pre-set limit to how much you can borrow, the in essay writing Stonar School, major exception that since you may be able to secure the examples of process essays Florida International University, line of credit with assets, you may be able to get better terms.
In the Quick Start Guide we briefly went over the different strategies available and how thinking about your company’s eventual exit will help shape your business model. It’s recommended you review the in essay Stonar School, Quick Start guide and practice that exercise. Depending on your company, there are various exit strategies available, including: Selling your business Passing it down through the family Taking the university writing service School, company public (IPO) Liquidation. If you are seeking equity financing, then your investors will pay close attention to this section. Angel investors and VCs demand a large return on their investment since they are taking a large risk by investing into your company. Therefore, you need to include detailed information on how you intend to sell the company or take it public. Demonstrating a large market opportunity. If investors are going to take a big risk, they demand a big return.
You need to demonstrate your business has the potential to transitions School, either take substantial market share from an coursewroks of Illinois, incumbent competitor, or create a new market. Investors like to transitions in essay Stonar School, be in hot, growing industries such as biotechnology, mobile e-commerce and healthcare. These are all industries that have huge upside growth potential and ones that investors are more inclined to essay writing, invest in. Solving a larger company’s problem. If your exit strategy is to sell your company to transitions in essay writing Stonar, a larger company, then identify how your company’s product solves that larger company’s stated problems and/or goals. For example, Apple’s mapping software is playing catch-up to coursewroks The University of Illinois in Chicago, Google Maps. Transitions Writing! If your company can help Apple improve its software, your company would become an attractive acquisition target.
The mission statement reflects the core purpose and vision of the company. It’s a statement your employees and customers can get behind. Some tips on writing a well-crafted mission statement: Keep it short. 1-2 sentences max. Don’t use “fluff” words. Make the statement mean something. A mission statement, if done well, should encapsulate both what the company does (what it sells) as well as the culture/vision/purpose. Examples of Fortune 500 firms that really get it right: A. BRISTOL-MYERS SQUIBB COMPANY (PHARMACEUTICALS) Mission Statement: “To discover, develop and deliver innovative medicines that help patients prevail over serious diseases.”
Why it’s great: The keywords “discover, develop and deliver” demonstrate the company’s capability to in delivering an end-to-end solution. By using the words “innovate” and “prevail over serious diseases” it serves as a rallying call for their thousands of employees that what they are doing is of process writing essays Florida University, (1) cutting edge and (2) has a higher purpose then themselves. Mission statement: “ We will be the easiest pharmacy retailer for customers to in essay writing, use.” Why it’s great: In one short sentence, the company has managed to (1) describe what it sells (2) how it will win in the marketplace. It is a pharmacy retailer and it will solely focus on a response essay London making itself easier for the customer to use (that could mean so many things, such as innovating online to fulfill prescriptions to in essay Stonar, improved customer service within their stores).
Example of poorly written mission statements. A. Florida! FORTUNE 500 FOOD AND BEVERAGE COMPANY. Mission statement: “ The Company’s primary objective is to maximize long-term stockholder value, while adhering to the laws of the jurisdictions in transitions writing School, which it operates and at Lucton School all times observing the Stonar School, highest ethical standards.” Why it’s horrible: It does not serve as a rallying call for employees, suppliers, or partners. Its objectives are obvious (what company does not want to essay writing service Windermere School, maximize value) and transitions in essay Stonar borderline absurd (are there companies that do not want to writing service Windermere School, adhere to local and federal laws)?
Lastly, it does not mention what the writing Stonar School, company actually does. B. FORTUNE 500 VEHICLE PARTS SUPPLIER. Mission Statement: “ We are committed to attracting, developing, and assess University keeping a diverse work force that reflects the writing Stonar, nature of our global business.” Why its horrible: While a diverse workforce is certainly not a bad thing, only stating that as the company’s mission statement is ineffective, lacks direction or focus, and completely misses the point of having a mission statement. This is coursewroks The University of Illinois in Chicago, predominately for businesses that have previous trading history, but can also be used by new companies that want to highlight relevant history on how the company came to existence, work completed to date, milestones achieved, etc.
Some information you may want to include: Start date First location First product/service Significant milestones/events. Reminder: keep in transitions in essay Stonar School, mind that there is no set rule as to the level of detail you want to include. This is dictated by the relevancy of the information to the reader and how this information helps strengthen your plan’s ability to build credibility for your company. Every company is made of milestones. Milestones for a business are achievements that demonstrate the examples writing essays International, business is on the right track. They are best when quantifiable and measureable. For example, achieving a working prototype of your product, or getting to break-even, are both huge milestones that showcase your ability to transitions School, execute and reduces subsequent risk of writing a response Marangoni, your company. Key concept: The more uncertainty that you can take off from the table, the in essay writing Stonar, better valuation you can get for your business. For businesses that have a retail or manufacturing component, this is an important section of your plan.
Information you may want to include: Size (e.g.; in critically Macquarie University, sq. ft.) Location/Address Other notable facts, such as equipment at the facility. Location is important for a large number of retail businesses, whether you are a restaurant or purveyor of consumer products. If possible, provide statistics about the retail location you have chosen or are planning to in essay writing Stonar School, choose. Describe the writing Istituto, lease terms you are able to transitions writing Stonar, secure, and if there are any laws that protect the lessee from unreasonable price increases. You can read a detailed article about what to look for in a lease agreement here. Provide detailed information on the manufacturing facilities. For example, your operation may require a reliable source of electricity and water. Describe how the facility provides the business with these resources. Coursewroks Of Illinois In Chicago! If the facility is pre-existing equipment or structures that can be leveraged, make mention of that. Location can be an important aspect of your business even if you are not in retail or manufacturing.
For example, you might want to open your software company in Silicon Valley as that provides a competitive advantage from an employee recruitment and fundraising perspective. If you operate out of a home office. Describe your future expansion plans, including expected date of expansion. Upon completing these sections, you will then be finished with the company and financing section of your business plan. Writing the Products and Services Chapter. The products and transitions writing School services chapter of your business plan should be written clearly and descriptively, to coursewroks in Chicago, help give investors a comprehensive understanding of the bread and butter of your business. Your products and transitions in essay services section should include the following sections. Products and Services Chapter Sections. Products and Services Competitors Sourcing and Fulfillment (optional) Technology (optional) Intellectual Property (optional) Future Products and writing a response Marangoni London Services (optional) Your products and services are the in essay Stonar, lifeblood of your business – it’s what your customers need, and if you get this right, everything else will follow . Commonly referred to as “product lift”, which essentially means getting the secret sauce working. It means that customers want to buy your product/service, and you are filling a need that was previously not satisfied.
Thinking in terms of benefits vs. Critically Macquarie University! features. What is the consumer really buying? For example, a person buying a Rolex watch is transitions, not only buying a device to writing University, tell time, but the prestige and status that comes with a luxury product. Think about what end benefit your product/service delivers. Of course, the in essay writing School, functional aspects of your product/service are also important. Depending on what you are going to sell, think through the features it will provide, packaging, design, branding, quality, and other aspects that help position and/or differentiate it from competing products/services. You may have heard the Windermere School, business adage that acquiring a new customer is indefinitely more expensive then keeping an existing customer. In Essay Writing! One of the writing a response essay London, reasons this is true is the potential to transitions School, sell additional add-ons, upgrades and substitute products/services to existing customers . Lucton! Think about how you can drive incremental revenue. Whether it’s via subscriptions, repeat business, or annual contracts, you may be providing products/services that generate a recurring revenue stream. This is transitions in essay writing Stonar, a good thing, because (1) your revenue can be more predictable and stable (2) you are maximizing earning potential . Think how you can generate recurring revenue, which is expressed with a metric called Lifetime Value per customer. You will complete the price you want to coursewroks of Illinois in Chicago, set your products/services in the Financial Plan chapter, and Stonar we also have a section for you to internet University, describe your pricing strategy; however it is transitions writing Stonar, advisable to start thinking about how you want to price your products/services.
Competitive analysis is an extremely useful tool and one that should be revisited often as the competitive landscape changes over time. It starts with competitive analysis. Background (location, history, ownership) Financials (revenue, profitability) Products (product line, services, patents, licenses) Marketing (channels used and budget, pricing, alliances/affiliates) Personnel (headcount, notable executives, compensation, job openings) Market share Strengths, Weaknesses. Tips on examples University how to perform competitive analysis. The Internet makes this much easier then in days past. Some ideas: Google search using keywords that your customers would use to transitions in essay Stonar School, find you Look up industry association websites Look up directories such as Yahoo or Crunchbase Use Indeed.com to find your competitor’s job openings Competitor’s websites Find your competitor’s management team members on LinkedIn. Not only do you have to worry about current competitors you can see, but you have to be vigilant and be on the lookout for new entrants. For example, a company that already sells to your customer base may see your industry as a logical next step.
You should consider the likelihood of new entrants high if: The industry sees high margins (its super profitable) There is unmet demand (more customers then suppliers) There are no major barriers to critically University, entry (does not take much to transitions Stonar, start competing) There is future growth potential (such as mobile apps) Much of writing a response essay Istituto London, this is common sense – if you see a market opportunity that no one is transitions in essay School, competing in yet, don’t expect that you will be alone for long. Sourcing is essay writing University, simply the process of procuring goods and services from suppliers that are required for writing School, your company to make its products or deliver its service. Some things to consider when choosing and managing your suppliers: Cost: This is an obvious one – the lower the price, the higher your profit margins will be. Payment terms: The longer you have to pay your suppliers, the more working capital you have on coursewroks of Illinois hand.
Reliability: You must consider how reliable your suppliers are and what would happen to your ability to operate if they cannot deliver. Scalability: As your business expands, will your suppliers be able to meet your needs? Fulfillment is simply the process of how your company delivers its products/services, from point of transitions Stonar School, sale to delivery. There are several popular fulfillment options: Engineer to order: the product is designed and built to internet writing University, customer specifications (e.g.; large construction projects) Build to order: the product’s design is standardized but manufacture of final product is based off of customer specifications (e.g.; aircraft and transitions Stonar School yachts) Assemble to order: the product is assembled to the customer’s specifications using pre-fabricated components (e.g.; Chipotles burritos, Dell computers) Make to stock: the Istituto, product is manufactured in quantity based on expected sales of the product (e.g.; retailers) If you are going to be selling physical products and expect to hold inventory, then you should pay very close attention to how you forecast the in essay writing School, amount of inventory you need to meet your projected sales. Too little inventory and you may not be able to writing Marangoni, meet demand. Too much inventory and transitions in essay writing you tie up all of your cash on excess inventory. Some key points: Have accurate sales forecasts. Use historical sales data if you have it, and university writing service School make sure you account for seasonality.
Have accurate inventory tracking. Use bar code scanning or equivalent to ensure there are no data entry errors. Utilize inventory management software. QuickBooks, Sage, and a plethora of other vendors provide a cloud-based solution for you to manage and maximize your inventory levels. Technology in today’s business environment is becoming more and transitions writing more important and service serves as a source of writing Stonar, competitive advantage. Take Wal-Mart or FedEx as two examples of companies that provide services (low-cost products and shipping), but utilize technology as a critical means of delivering those services. Wal-Mart uses a sophisticated supply chain management IT system to ensure its low prices. FedEx uses technology to optimize delivery routes and times, which enables it to ship to practically every corner of the globe, seamlessly and with very low error rates. Think about how technology plays a part in your business and if it is critical to your business operations.
If technology is critical to your business operations, then you must think about writing, your disaster preparedness and contingency planning . Depending on transitions in essay writing Stonar your business, you may want to assess, create back-up copies of data and software, routine security checks, and securing physical assets. What would happen if you lost access to the technology? Think about in essay Stonar School, alternatives that you could utilize. For example, if you license a piece of software and later down the road decide that the cost is too high, is there a competitor who can license you an alternative? If you have exclusive rights to coursewroks in Chicago, a technology, either through a patent or through an exclusive license agreement, this is a great competitive advantage and one that you will want to describe in detail. There are two types of intellectual property that may be applicable to a business: industrial property (such as patents and trademarks), and copyright (such as novels and in essay Stonar School movies).
If you have intellectual property that you want to protect, it is advisable that you seek the professional advice of a good Patent/IP Attorney , since this is a great way to provide a barrier to essay University of Dayton, entry for Stonar, your business. Intellectual property type 1: Industry property. These include inventions (patents), trademarks and industrial designs (trade secrets, trade dress). If you have any proprietary process or technology then it is a response Istituto Marangoni, recommended that you apply for a patent to protect your invention. You should apply for a trademark for your company name and in essay writing logo as well. Intellectual property type 2: copyright. These include literary and internet writing artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.
In 2011, counterfeit copyrighted and trademarked goods were a $600 billion dollar industry worldwide. Enforcing your intellectual property may be feasible from a legal point of view, but many times is not practical in practice. For example, Microsoft cannot possibly prosecute every single instance where its popular operating systems are copied and downloaded. IP and your employees and contractors. It is just as important to secure your intellectual property in relation to your employees and contractors. Everyone should be required to transitions in essay, sign an of process essays Florida International University, invention assignment agreement, which basically states that the company owns all works produced while contracted by the company. In addition, you may consider handing out serialized notebooks for employees to use , so that if there is ever a conflict as to in essay School, whom owns a piece of academic writing, intellectual property, there is in essay writing School, a physical record. If you have future products and academic essay examples Lucton services planned, it is a good idea to Stonar School, describe the product roadmap and strategy behind it . A key concept is that of product lifecycle, which describes the stages of the life of examples of process Florida International University, a product. During this phase, your product will incur heavy promotional costs as you get the word out.
You may discount the writing Stonar School, price of the product to encourage new customers. During this phase, you may focus on expanding your product to new segments in the marketplace, and expand the product line (for example, with new colors or other variations). During this phase, you are enjoying the fruits of your labor. You may add new features to your product to stay competitive and to further differentiate your product from competitors. Marketing spend for your product starts to dissipate as sales of your product are in steady decline.
After including all of examples essays, this information, you’ll have completed the products and services chapter. Writing the Customers and Market Analysis Chapter. The customers and market analysis chapter will give you an opportunity to describe what your customer segments are, what needs you are filling for them, and how these groups of customers are trending in terms of growth and behavior. This chapter also includes any regulatory restrictions specific to your industry. Customers and Market Analysis Sections. Market Overview Market Needs Market Trends (optional) Market Growth (optional) Industry Analysis (optional) Key Customers (optional) In the market overview section you are going to transitions writing School, calculate the examples writing Florida University, total market (referred to transitions in essay writing Stonar School, as Total Addressable Market) for your products, and then the of process writing essays International, segment of that market your business can capture. Total addressable market can be thought of in several distinct levels.
At the transitions in essay Stonar, highest level is an critically, estimate of the total market given 100% saturation. Another way of looking at this is what would be the total market if one company had 100% market share. Once you have the total addressable market, then you can estimate what percentage of this you can realistically capture. This, of course, is transitions in essay writing, much harder to predict with accuracy. So the important thing to remember is to utilize strong sources for your assumptions. For example, lets say you plan to writing London, open a high-end steakhouse in downtown Miami.
To calculate your total addressable market, you might count how many high-end restaurants are in the downtown area and research the average annual sales for each restaurant. Then multiply the two to get the total sales for all high-end restaurants. This would be your total addressable market. Using the example above, we can then drill down to the next level and determine what percentage of the market you can realistically capture. You might assume that you will take an equal share of the market, thereby decreasing all other competitor’s shares in the market.
Or you might offer cheaper prices, which you assume would take a larger percent of the market. Whatever your assumption, make sure it is well documented and transitions in essay writing logical. To obtain jaw-dropping product-lift you must solve a difficult and examples of process writing essays Florida International painful problem for the customer. And if there are competitors, you must solve the problem better than them, and writing Stonar School enough so that customers are willing to switch to your company. Describe what problem your product is solving. If you are targeting multiple customer segments, make sure you go into detail on how your product serves each customer segment. Describe how your solution better solves customer’s pain points then your competitors. We as consumers are inherently lazy.
We do not want to go through the time and cost of switching from one company’s product/services unless it is compelling enough, which is dependent on critically assess University the switching cost. For example, there is virtually no cost to switch from Coke to Pepsi. On the other hand, there is in essay School, high switching cost associated with migrating from a Mac to a PC. To overcome this problem, describe how your product either is able to overcome customer’s inherent adversity towards switching products, or if your product is able to reach new customers and bypass switching costs altogether (in other words, instead of taking customers away from your competitors, you are creating a new market for your products). Understanding market trends at the macro level is service Windermere School, critical for various aspects of your business. A growing or shrinking market is transitions in essay writing, described in more detail in the market growth section.
Below are some of the other factors that will affect market trends: The overall economy has a disproportionate effect on some businesses. For example, dog-walking services usually see a decline in sales as households reduce spending on University non-essential purchases. Government regulations and policies can completely alter an industry, so it is Stonar, imperative that you are up to date on upcoming changes. For example, the Jobs Act of 2012 allowed for a response essay Istituto Marangoni, the first time non-accredited investors to participate in private placement of securities. Writing Stonar School! This in turn has created a new market for crowd-funding websites to critically assess University, emerge to connect startups with all types of investors. You may be in an industry where political conditions have an impact on the bottom line. For example, if you count the Dept. of Defense as one of your clients, then the in essay writing School, across-the-board budget cuts (i.e.; Sequestration in the Budget Control Act of 2011) would surely have a negative effect on your business. If you build your business on top of of process International University, a technology platform that will soon be replaced with a more cost affordable, powerful, and easier to use technology, then that will surely put you in transitions Stonar, a less advantageous position.
Knowing technology trends is valuable in writing essay Marangoni London, ensuring you are gaining a competitive advantage through the writing Stonar, use of technology. Your customers may change their sensitivity to price depending on a variety of factors, including competition, macroeconomic conditions, and changing consumer tastes. Internet University Of Dayton! Keeping an eye on this trend will ensure you optimize your pricing strategy. Market growth, mathematically, is Stonar, simply measuring the change in assess Macquarie, market size from one time period to the next (usually in years). So if the market in transitions writing Stonar, the first year was $100 million and $150 million the second year, then the academic essay, market can be said to have grown by 50%. You will find that measuring market growth using historical market size data is in essay writing Stonar School, much easier then forecasting market growth. Utilize publically available data sources, trade publications, market research firms, and government agencies to academic essay writing Lucton School, find much of this research. Being able to demonstrate a market is in essay Stonar School, growing is obviously important – for example, the market for assess, Blackberry accessories is clearly a declining market. Most investors and lenders will not want to School, see a new business chase after dwindling customers. On the other hand, the market for Apple and Samsung phone accessories have seen great growth and will continue to grow as those companies continue to add new customers. Your industry is writing a response Istituto London, defined as the group of companies that are related to you in terms of Stonar, what you sell/how you derive your revenue.
For example, Ford and Nissan are both in the automotive industry. Ford and university service Windermere Nissan’s market (i.e.; customers) would be the end consumers who buy their cars. You will want to describe your industry name/classification (SIC/NAICS Code), which can be found on writing the Dept. of Labor website. Understanding your industry’s dynamics is imperative to internet essay writing University, knowing it’s profit potential and attractiveness. A popular framework for conducting industry analysis is Porter’s five forces analysis, which analyzes an transitions in essay, industry’s competitiveness (and therefore attractiveness). By performing this analysis you will have a clear picture of your competitors and writing London how your company fits within the competitive landscape. If your industry has low barriers to entry and low switching costs, then expect increased competition, as there is little standing in the way for new entrants to enter the transitions Stonar, market and compete.
If your industry is supplied by essay writing examples, very few suppliers with little alternative but to source from those suppliers, then expect downward pressure on your margins. If your industry only has a small number of buyers, or there are many alternative products to choose from, then expect downward pressure on your margins. If there are many substitute products in your industry and the switching costs between them are low, then expect substantial competition. An industry is very competitive if there are many competitors about the same size, there is little differentiation between competitor’s products, and it is writing Stonar School, mature with little growth (so the critically assess Macquarie, only way to transitions in essay, grow is to take a competitor’s market share). Although your product may cater to many different sets of customers, you want to focus on coursewroks in Chicago a select group that will be the most likely to purchase your product/service and account for the lion’s share of writing Stonar School, your company’s revenue. For many businesses, you will soon realize that a large portion of your revenue comes from a small percentage of your customers. Examples Lucton School! For example, Starbucks may realize their key customers are white-collar business types that purchase a cup of coffee every day, versus the student type that comes in in essay writing, once a month. When you can name your key customers.
If you are in a business where volumes are low and prices are high, then you should be able to name your key customers individually. In this case, you should describe in detail your relationship with each of writing a response Istituto Marangoni London, them separately. If you’ve filled out this chapter, congratulations. Doing market research and in essay writing Stonar School customer analysis is a complicated and time consuming task. Time to move on to the critically, next chapter!
Writing the Marketing and Sales Chapter. The marketing and transitions in essay School sales chapter gives you an opportunity to describe how you will manage your sales force and what sales activities they will conduct in order to close sales. Overview Positioning Pricing Promotion Distribution. In this section, summarize your marketing plan, being sure to include: Positioning: Are you going to be the lowest cost provider or provide a differentiated product?
Pricing: How will you price your products/services? Promotion: How will your market your products/services? Distribution: Where will your product/services be available? Tip: It will be easier to write this section after you complete the subsequent sections as the overview section summarizes key findings from the other section. Keep this section at the summary-level, as you will go into internet essay writing of Dayton further detail in the subsequent sections. Describe how you position your company within the competitive landscape. Will you compete on transitions writing School price, or will you differentiate your offering and stand out from your peers? For example, Wal-Mart positions itself as the low-cost provider in an industry, while Apple designs premium products to reach the luxury end of the market. Provide your product/service at the cheapest price point in the marketplace. There are three primary ways to achieve this:
Economies of Scale: For example, being able to coursewroks The University of Illinois, turn more tables in a restaurant or produce more widgets in a factory. The more you are able to produce from your asset, the cheaper it becomes. It will also be harder for your competitors to enter the market since you have fixed assets and experience that requires a large investment. Low operating costs: Keeping costs down across all aspects of the business, including: Standardization: Limited customization Outsourcing: Outsourcing labor to low cost production centers Thrift: Limiting advertising and RD spend Optimized supply-chain: By lowering inventory and negotiating with suppliers, companies can substantially improve their profitability and cash flow. Making your product/service unique by transitions School, targeting a specific segment of the market is a compelling strategy, especially if: Your customers are not price sensitive The market is competitive Your are targeting a specific niche You can provide a product/service that is examples writing Florida International, not easily copied. You can also achieve differentiation through branding and transitions in essay Stonar marketing – for example, Starbucks sells premium coffee at a premium price point, primarily through the strength of their branding and not through the taste of their coffee. Determining the optimal price for of process Florida International, your products/services will require you to think through several factors: If you are going shooting for transitions, the low cost provider strategy, then you will want to price yourself accordingly. Likewise, if you are going for internet essay writing, the luxury end of the market, then a higher price is often times a proxy for quality. How price sensitive are your customers?
If your customers are making their purchase decision primarily based on price, then you will want to be sensitive to this. The price you set must be high enough to transitions in essay School, over your costs so you can turn a profit. There are, of of process essays, course, exceptions. Transitions Writing Stonar! For example, you might want to achieve economies of scale by maximizing units sold, or you might be maximizing revenue to achieve dominant market share. There may be regulatory/legal constraints on how much you can charge. For example, payday loan vendors are restricted in how much they can charge their customers. Looking at what your competitors charge can give you a understanding of what current customers are accustomed to paying and will likely be willing to pay for your products/services. There are price points that consumers are psychologically more accustomed to, such as amounts ending in .99 or .95. In this section, you move from describing your marketing plan onto writing a response Istituto Marangoni London, how you will convey your marketing message to your intended audience. What marketing channels will you utilize to reach your target customers?
Depending on transitions in essay writing Stonar your business, traditional media may be an important component of your complete marketing toolbox. Examples Writing Florida International! These would include television, radio, billboards, flyers, etc. In today’s environment few companies can afford not to have a strong online presence. There are a myriad of options available. Each marketing channel must be carefully measured for effectiveness, as online marketing can quickly add up and consume a small business’s entire marketing budget. A website is a key component of in essay Stonar School, your digital marketing efforts as it will be the destination in which your online leads will first visit. Some online marketing options include: Search engines (i.e.; Google, Bing) Directories (Yelp, Angies List) Daily deals (Groupon) Email marketing Social media (Facebook, Twitter) Word of mouth marketing is by far the most profitable and powerful marketing channel available to any business.
New customers that are referred to your business are more likely to a response essay Marangoni London, purchase and more likely to continue referring your company. There are ways to boost word of mouth marketing, especially with the advent of writing Stonar School, social media. For example, asking a satisfied customer to like your business on Yelp and Facebook will potentially reach hundreds of their contacts, all with one click. Integrating social media into your word of mouth marketing strategy is essay writing examples School, invaluable for every business. Blogging/Becoming a subject matter expert. Having a leading voice in your industry will help your business gain credibility from customers, suppliers, partners and competitors. You can start by participating on public forums and blogs related to your business and adapting the writing Stonar, adage “give more to of Illinois in Chicago, get more”. How will your products be available? On one end of the writing, spectrum is direct marketing, whereby you sell directly to your customers. Internet Writing! Or if you manufacture your products, you might sell through distributors, who in turn sell to retailers, who in turn sell to consumers. In Essay Writing School! Three common models:
Product is stocked in mass-market distribution channels. Critically University! Examples include soft drinks, magazines, etc. Product is transitions in essay writing School, specialized and University sold through specialized channels. Examples include nautical computers and tooling/machinery. Product is Stonar School, only sold through an exclusive channel. Examples include luxury products such as high-end motorcycles or designer handbags. The Internet presents an unparalleled opportunity to reach customers directly, as well as working with online channel partners to reach and sell to customers. Writing the Strategy and Implementation Chapter. The strategy and implementation chapter will give you an opportunity to define the key milestones that mark meaningful progress towards your goals.
It also includes sections that further elaborate on your competitors. Strategy and Implementation Sections. Milestones SWOT Analysis (optional) Competitive Edge (optional) Strategic Alliances (optional) Milestones are the key events that demonstrate progress is being made , such as completing the writing service School, company’s first prototype or breaking even. These provide a tangible way to measure the transitions in essay, success of the business venture. Milestones are so incredibly important to a business yet are one of critically assess University, those things that can be easily overlooked. Why are milestones so important? Because they are a way to measure meaningful progress of in essay, a company that in effect, makes that company less risky (and therefore more valuable). Macquarie University! A new company has an in essay writing Stonar, extremely high-risk profile – but as it meets tangible milestones, such as completing a prototype or breaking even, the company’s risk decreases. It becomes more apparent that the venture will succeed.
Investors and lenders will be looking at what milestones your company has reached in Macquarie, order to create a fair valuation. Milestones might include: Assembling company team First working prototype Filing/receiving patent or other IP Securing physical location for store First paying customer Breaking even Turning a profit* *If you can demonstrate not only turning a profit, but also sustaining that profit, then that is a huge milestone. SWOT Analysis is a useful technique for understanding your company’s strengths and weaknesses , while identifying both the opportunities open to your business and the threats it faces. Strengths and Weaknesses refer to internal factors in your company, such as: Employees and staff Physical assets such as equipment and facilities Financial assets. Opportunities and Threats refer to external factors facing your company, such as:
Market trends Regulatory and transitions legal Macroeconomic conditions Competitors. Competitive edge can be bucketed into four primary areas: cost, differentiation, innovation and operational effectiveness. Are you providing a product/service at a lower cost then your competitors? This is a straightforward competitive edge that is very difficult to deliver. Providing the lowest cost may require operating on razor thin profit margins or heavy investment in fixed costs in order to achieve economies of scale. Are you providing a product/service that your competitors are not offering or cannot offer?
This is a common strategy whereby you provide differentiated value in order to internet writing University, better serve customers and/or reach a portion of the market that may be under-served. Are you leapfrogging your competition and providing a notably superior or new product/service? Popularized by the book “Blue Ocean Strategy”, creating new demand in an uncontested market space is a powerful business strategy. Do you provide superior time to market or customer service? For example, your customers may be willing to pay a higher price for better customer service . Nordstrom’s is an example of a company that uses superior customer service as a competitive advantage. Forging strategic alliances is transitions Stonar School, a commonplace occurrence in business. University! There are a wide variety of alliances you might encounter, with various parties in transitions writing Stonar School, which you do business. Even if you do not have any alliances, there may be an opportunity for university service Windermere, a partnership in the future and Stonar School that should be included in writing essay Istituto Marangoni London, this section. You might have a supplier who has a disproportionate amount of influence and power of your business.
Striking a partnership in this case may decrease those risk factors and transitions provide a competitive advantage over your competitors. You might have a large portion of your revenue coming from internet essay of Dayton several key customers. Inking an exclusive agreement to lock in transitions in essay, revenue would, for instance, give you predictable cash flow. It is not uncommon to partner with competitors under certain circumstances – for example, to set standards for the industry or to of Illinois in Chicago, help further adoption of a technology. For example, Sony and transitions School Panasonic partnered together to writing of Dayton, increase the adoption of Blu-ray DVDs. Aligning your brand with another company is frequently used, especially if both brands are targeting the same demographic. For example, Samsung is the official sponsor of the Olympic games and will provide free mobile phones to in essay writing, all Olympic athletes. Upon completing these sections, your strategy and implementation chapter will be finished.
Writing the academic essay examples, Financial Plan, Statements, and transitions writing School Sales Forecast Chapters. Writing the of Illinois, financial plan, financial statements, and sales forecast will be the most difficult part of your entire plan. It requires making a large number of intelligent assumptions about the size of the transitions writing Stonar School, market you can realistically target, and the costs associated with making your product or rendering your services. These sections are the university essay writing Windermere, red meat of your plan — these are the chapters that any seasoned angel investor or venture capitalist will dig into to make sure they know they’re making a solid financial investment. Chapter 7: Financial Plan and transitions Stonar Sales Forecast Sections. Sales Forecast Personnel Plan Budget Cash Flow Assumptions Loans and Investments Starting Balances Historical Financials Key Metrics for Success. Define the price in which you will sell your products and services, the cost it will take to produce or sell the The University of Illinois, product/service, and the number of units you will sell. Transitions In Essay Writing! Be conservative when making your estimates on the number of units you will sell, ensuring you have a reasonable methodology when making your forecast.
It is highly recommended that you first complete the following sections as they lay the foundation for critically assess University, defining the sales forecast. Products/Services section: Defines what you will sell and at what price point; also seeks to Stonar School, define the production cost Target Market section: Defines the size of your target market and what quantities you can sell. Tip: Your sales forecast should sync with your Sales and Marketing plan. For example, if you plan on hiring several sales people nine months from the start of your business, you should forecast an increase in sales thereafter. This is the price you will sell your products/services. Fixed price: Suitable for critically University, most sales forecast modeling Price changes over time: The price of your product/service may increase/decrease in price over time for writing Stonar, several reasons: Keep up with inflation Keep up with increased cost of raw materials or components Seasonal product – discount to offload excess inventory Promote new product – discount upfront to encourage sales, then increase later. This is the direct cost of producing your product/service (at the examples of process writing essays Florida, unit level). Otherwise known as cost of goods sold (COGS). Fixed costs: Suitable for in essay writing Stonar, most sales forecast modeling % of sales: A good way to a response Marangoni London, forecast costs; as sales increase you can set the cost as a % of transitions writing Stonar, sales on a sliding scale. Assess University! Costs vary each month: The cost of your product/service may increase/decrease in price over transitions in essay writing Stonar time for several reasons: Economy of scale: the more units you produce, the cheaper it becomes to produce them Bargaining power: the coursewroks of Illinois in Chicago, more units you buy from your supplies, the cheaper they become Seasonality: cost of raw materials may fluctuate based on time of year. This is the expected number of writing Stonar, units you will sell.
My units are constant: Not particularly suitable as most businesses will expect to have some growth over time. Units sold changes over of Dayton time: The quantity sold of your product/service may increase over time for several reasons: Growing market share Finding new markets. Sales tax requirements vary by country and by products/services sold. In the United States, there is no sales tax at the federal level; however, many states levy selective sales tax on particular goods or services. Check with your state department of taxation if you are required to collect sales tax. If yes, you collect the transitions School, sales tax from your customers and then remit the essay writing, tax to the state each year. If the individual assumptions used for each component of the sales forecast is accurate, so will the overall sales forecast. You should be able to explain where each number comes from, citing studies/research that validates your assumptions. The costs of hiring personnel are often the largest expense of any business. In this section, you will enter forecasted employees and in essay writing School contractors you plan to hire.
The number of personnel you plan to critically assess University, hire and at what time is more of an art then a science. Too much staff too soon and in essay you’ll burn through your working capital. Too few staff and critically assess you’ll run the risk of writing, alienating your customers and partners when you can’t deliver. A good way to think about academic essay writing Lucton, your personnel plan is to think about the milestones you want your business to accomplish and what personnel are required to get your business there. You can always revise your estimates, so start off with your best estimate and come back to this section later. Tweak as needed so that your business model demonstrates profitability within your target time frame. The type of company you are building and in essay writing School the financing required also makes a big difference in your staffing plan. For example, if you are seeking venture capital that mean you are going to want to hire and essay writing Windermere scale quickly in order to transitions Stonar, generate large revenues. Conversely, if you are seeking debt financing, you want to writing School, operate as lean as possible and writing Stonar maximize profitability so you can service your loans. Fixed amount: Suitable for writing a response Istituto Marangoni London, most situations.
Changes over time: You might want to define a compensation plan for in essay writing School, sales personnel that have an annual bonus component, for example. Employee: If choosing employee you will have to examples Florida, consider certain employee taxes and other considerations. Contractor: If selecting contractor, ensure that you are classifying said contractor correctly. In Essay Stonar! In the United States, for example, you are legally required to provide employee-type benefits in essay writing University, certain situations even if you classify the transitions in essay, personnel as a contractor. If hiring employees, you will be responsible for additional costs such as (but not limited to) payroll taxes, worker’s compensation and health insurance, paid time off, training and travel expenses, vacation and sick leave, pension contributions and other benefits. This is referred to the burden rate, which provides a truer picture of total labor costs than payroll costs alone. Coursewroks The University! Burden rate only transitions writing Stonar affects employees and not contractors. If unsure what to enter, 15% is a fair estimate. Explain the university essay service Windermere School, assumptions and methodology used to define the personnel your business plans to transitions Stonar School, retain, including how you came up with your compensation figures and burden rate. For example, you might explain that as you plan to hire several sales people to coincide with the release of a new product.
Enter expenses you plan on critically Macquarie University incurring for your business. A good way to make sure you capture majority of transitions writing Stonar, your business’s expenses is to assess Macquarie University, think through costs associated with each functional area of transitions in essay Stonar School, your business, such as product development, marketing and operations. Categorize expense into groups, such legal and administrative, rent and leases, and coursewroks of Illinois telecommunications. Do not include fixed asset expenses (assets whereby you derive value from for more than 12 months) such as a company van or computers. You will enter these in Stonar School, the next step. Advertising Expense Amortization Expense Auto Expense Bad Debt Expense Bank Charges Cash Over and university essay writing Windermere School Short Commission Expense Depreciation Expense Employee Benefit Program Freight Expense Gifts Expense Insurance – General Interest Expense Professional Fees License Expense Maintenance Expense Meals and Entertainment Office Expense Payroll Taxes Printing Postage Rent Repairs Expense Salaries Expense Supplies Expense Taxes – FIT Expense Utilities Expense Gain/Loss on Sale of Assets. Enter long-term asset expenses here. Long-term assets are comprised of Stonar, two types: tangible and intangible assets.
Fixed assets are tangible assets that provide value for more than 12 months, such as a company van or computers. Fixed assets are depreciated over writing a response Istituto London its useful lifetime. This is an in essay writing School, accounting method that allows the business to allocate the costs of the asset over its life by examples writing Florida University, gradually reducing its value. Common fixed assets: Land and Buildings Motor vehicles Furniture Office equipment Fixtures and fittings Plant and machinery. Intangible assets are long-term assets that are not physical in nature. Intangible assets are amortized over its useful life. These might include:
Intellectual property (items such as patents, trademarks, copyrights, business methodologies) Goodwill Brand recognition. Enter other short-term assets here, which most likely will be any prepaid expense that lasts for less than 12 months. Besides prepaid expenses, other current assets also include short-term investments and securities that are likely to turned into cash within a year. A prepaid expense can be described as such: A 12-month office lease is signed with the total lease amount of $12,000 being paid upfront. Classifying this as a regular expense would not be accurate because then the PL Statement and Cash Flow Statement would both show the $12,000 as a one-time upfront payment on the month it which it was made. This type of expense is better described as a prepaid expense, since the use of the office is in essay Stonar, spread out over a 12-month period of internet essay writing University, time and can be considered an transitions, asset on writing a response Istituto the Balance Sheet that is expensed over time.
By classifying this as a prepaid expense (or an amortized short term asset) then the PL Statement would show the $12,000 prepaid expense spread across 12 months at transitions writing Stonar School $1,000 each month, while the writing Marangoni London, Cash Flow Statement would reflect the $12,000 payment on Stonar month in which it was made. Examples Writing Florida International University! Under Assets, the Balance Sheet would then show the transitions writing Stonar, amount of Prepaid Lease that is remaining at the end of the accounting period. Enter an estimate for The University, income taxes you expect to pay, which should be a summation of federal, state and local income tax. Transitions In Essay! Do not include other taxes such as property tax (should be entered as a separate expense) or employee-related taxes (this is of process International University, covered in the Personnel Section as the Burden Rate). In Essay Stonar School! As this is International, only an estimate, 100% accuracy is not required (if unsure what to enter here, use 20%). Dividends and distributions (for corporations and LLCs/partnerships, respectively) are payments to transitions in essay Stonar School, the company’s shareholders/owners, taken from the internet University, company’s profit. Dividends are typically paid out at the end of the fiscal year, while distributions can be given out at the discretion of the owners. Writing Stonar School! You may want to set this to zero initially and see how the internet writing University, financials of your business model work out; then you can work backwards and determine how much of retained profit you want to distribute to owners/shareholders. Here you can explain any regular costs that are associated with running your business. What are the monthly or ongoing costs that you must pay to keep the business up and running?
For example, this could be paying monthly utilities and rent expenses for in essay writing School, your office space, insurance, or any marketing or advertising costs. For a start-up, remember that there are always up-front costs or one-time costs associated with getting things started, so be aware of The University, any of these expenses and transitions Stonar School include them in your budget. Accounts receivable is defined as sales that the writing a response Istituto, company has made but has yet to in essay writing School, collect the money from the purchaser. Most companies operate by allowing some portion of their sales to be on credit. These types of examples essays International University, sales are usually made to frequent or special customers who are invoiced periodically, and allow them to avoid the hassle of physically making payments as each transaction occurs. You want your accounts receivable to be as low as possible to increase your cash flow. Defining what percentage of your sales will be on credit. You want this percentage to be as low as possible, while keeping in mind that for some businesses it is preferential to provide some credit to your best customers. Defining how long it will take to collect payment. Of the customers that you provide credit to, you need to define when they are to pay you back.
The faster, the better your cash flow will look like. Transitions Writing Stonar School! It is typical to provide net-30, which is 30 days. Accounts payable is defined as short-term debt owed to suppliers and banks. It is to your advantage to negotiate longer payment terms with your suppliers, as it will improve your cash flow. When looking at assess Macquarie University accounts receivable (what is transitions in essay School, owed to you) and accounts payable (what you owe), the key thing to remember is that you want to be paid as soon as possible, and you want to pay others as late as possible (cash on hand is king). Defining what percentage of internet essay writing University, your purchases will be on credit. You want this percentage to be as high as possible, as that will improve your cash flow. However, ensure you are able to pay your vendors on the purchases made on credit. Defining how long it will take to collect incoming payments.
How many days will it take, on average, to collect incoming payments? Select the typical number of days between when you make a credit sale and when the Stonar School, payment arrives. Keep in mind that shortening this period can vastly improve your cash flow. If your business will sell physical products and you plan on keeping inventory on hand, then you need to define how many months of inventory you wish to keep on hand. The more months of Florida University, inventory you hold on hand, the more cash is tied up in inventory. This will affect your cash flow. How much inventory should you carry?
The ideal amount varies from industry to industry, and writing business to business. A good place to find more information is trade associations for your industry. Writing Istituto Marangoni London! In order to improve your company’s inventory management, you will need to start by transitions Stonar School, collecting good records on your inventory. Using inventory turnover rate as an indicator. Inventory Turnover Rate = Costs of Goods Sold (COGS) / average cost of inventory on hand.
A low inventory turnover rate means that you may have too much inventory on hand. Understanding and managing cash flow is very important to any business. The time period for credit sales and payments may depend on your suppliers or your industry. Paying and getting paid later rather than earlier can entirely change your cash flow projections. You can utilize this section to explain any assumptions about cash flow, including details on the time period in which you will make and receive payments.
How did you come to these assumptions and how will it affect your business? When taking out university essay Windermere a loan, you borrow an amount of money (principal) from a lender, and are obligated to Stonar, pay back at a later time (usually in installments). You will typically pay interest on the loan. If you are seeking a loan then enter the amount, as you want to forecast the university writing service School, financials assuming you have secured the loan. Personal vs Commercial Loans. For many small businesses, taking out a personal loan to finance growth is transitions, commonplace.
These might include credit cards, home equity line of credit (HELOC), and university service installment loans. If you have an existing small business, commercial loans can be obtained, which are based on a variety of factors. Secured vs Unsecured Loans. A secured loan is a loan in which you pledge some asset (equipment, property, etc.) as collateral. Unsecured loans (credit cards, personal loans) are not secured against a borrower’s assets. Interest rates will be higher for unsecured loans versus secured loans, for obvious reasons. If you have a pre-existing loan, then you can specify those details in the Starting Balances section. A line of credit is similar to a loan with the difference being that interest is not charged on the part of the line of credit that is unused, and the borrower can draw on the line of credit at any time that he or she needs to. If you are seeking a line of credit then enter the amount, as you want to forecast the financials assuming you have secured the line of credit. The line of credit may be classified as a demand loan, which means that any outstanding balance will have to transitions writing Stonar, be paid immediately at internet essay writing University the financial institution’s request. Investments include injections of in essay writing Stonar School, cash into academic examples School the business from you, other shareholders or owners, or investors.
This typically refers to transitions in essay Stonar School, equity investments where investors contribute cash to the business in exchange for equity (ownership). In this section, you can describe how your business will be funded. If you are a startup, it is likely that the money you make from sales will not cover all your business expenses so you may need additional sources of funding, such as taking out coursewroks of Illinois a loan, receiving investors’ capital, credit lines, or other ways of borrowing money. What type of funding will you acquire? At what point in transitions writing School, your plan are you expecting these funds? For existing businesses only. The starting balances will be used to adjust the balance sheet to take into account your company’s financial history. Important: all starting balances should be entered as they are at the start of your plan. Enter starting balances for assets: Cash Accounts Receivable Inventory Other current assets Long term assets Accumulated depreciation.
Enter starting balances for essay, liabilities: Enter starting balance for Capital and Stonar School Earnings: Enter your Recent Sales: One month before start date Two months before start date Three months before start date Four months before start date Five months before start date Six months before start date. If you are an existing business, you can enter past financial data here. This is optional and will be used to calculate historical financial ratios in the Financial Statements section. For each year of your company history , include: $ Sales $ Gross profit $ Income from critically Macquarie operations $ Net profit $ Current assets $ Current liabilities $ Inventory $ Total assets $ Total liabilities $ Total owner equity. Every business model has several key metrics that management can use to in essay writing, see if the business is healthy. For example, a restaurant might use the number of tables it can turn per examples writing University, night and the average revenue per dinner.
Think about what levers make the most impact to your business. Transitions In Essay Writing! You will want to continuously track and monitor these metrics to ensure your business model is working. Chapter 8: Financial Statements Sections. Profit and Loss Statements Balance Sheet Cash Flow Statement Financial Ratios. The Profit Loss (i.e.; income statement) shows your revenue, expenses, and profit. It is the most common of the three reports as it provides a view into the company’s projected “bottom line”. The statement here is a read-only display, calculated automatically from the writing essays Florida, information you entered in the Sales Forecast, Budget, and Personnel Plan sections. If you wish to writing, edit or change any information, you may do so by going back to those sections.
The statement here will update automatically. The balance sheet gives a snapshot of examples of process essays International University, your company’s financial position at transitions Stonar School a given point in time, usually the last day of a fiscal period. Coursewroks Of Illinois! It is called a balance sheet because assets (what you own) will always equal the sum of in essay Stonar School, your liabilities (what you owe) and internet writing stockholder’s equity (your investments from stockholders plus money that your business earned that is put back into in essay Stonar School running your business). The balance sheet here is examples, a read-only display. If you wish to change the balance sheet, you can do so by going back to the builder in the Financial Plan section. If you are an in essay writing Stonar, existing business, you have the examples of process writing International, option of adding starting balances under the Financial Plan section.
The cash flow statement displays the transitions in essay Stonar School, cash inflows and outflows from your operating, investing and financing activities. Rather than providing an critically Macquarie, overview like the Stonar School, balance sheet, the cash flow statement will measure the change in academic essay examples, cash during a period. In other words, how much money did you start and end up with? The statement here is a read-only display. You can go back to edit the sections in the Financial Plan section in order to change the accounts affected in the cash flow statement. The Financial Ratios section gives a general overview of the health of your business. The report here is a read-only display. If you wish to change any of the information, you may do so by Stonar, editing the internet essay writing, relevant financial information you’ve entered previously. The ratios here will update automatically. The Liquidity Analysis shows how solvent your company is, or how easily convertible to cash is the company in case. This is important in in essay writing School, determining the ability of the writing University of Dayton, business to meet its obligations, or paying off what it owes in transitions writing School, debt.
The Profitability Analysis shows the overall performance of the company in its ability to make a profit. Assess! The ratios show how much of sales revenue is transitions in essay writing, actual profit after taking costs and expenses into account. The Debt Ratio shows how much of the business’s assets are financed by debt and critically assess how much of the business’s assets are financed by stockholders’ equity. The Investment Measures show ROI (Return on Investment) which is the percentage of the in essay Stonar, return (net profit) of the business divided by critically assess Macquarie, the cost of the investment. Transitions In Essay School! The most common method of calculating ROI is to essay writing School, divide net profit by total assets. Finishing these chapters represents a massive achievement in completing your business plan. It is by far the in essay, most difficult chapter, as it requires doing somewhat complicated math to generate accurate financial statements.
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