...The purpose of this document is to request approval to complete a research proposal which seeks to determine which small business resources offer value to Electronic Document Management, Inc. The primary areas of concern are in regards to: improving the company's ability to network with larger companies, improving the company's finances, and determining the technological needs of the company. The objective of the research is to assist to ensure the long-term success of the company, and also to ensure the company has the technology available to comply with the policies present in the financial and healthcare sectors. PROBLEM Electronic Document Management, Inc. may not be utilizing all of the small business resources available to the company. Relevant to professional business networking, Electronic Document Management, Inc. has recently experienced difficulties establishing new working contracts with larger companies. In regards to the finances of Electronic Document Management, Inc., the company was recently rejected for a commercial loan application. The company also recently expanded to a second office location. The recent expansion of renting out a second office location imposes additional constraints to the daily and monthly budgets, and therefore operating under this current business model may not be sustainable over a long-term period of time. In regards to technological capabilities, the company does not have any electronic billing system in place...
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...deliver basic financial services to the vast numbers of business owners with little or no access to the credit, deposit, and savings mechanisms offered through commercial banks.1 ____________ 1Understanding Microfinance and its Contribution to Economic Growth, The Palestinian Network. I. Project Background Many of the people in the community have difficulty meeting their needs. This situation is aggravated by the fact that, for most of them, only one spouse may have a regular job, while the other spouse stays home because s/he cannot find work or has to care for their children. The desires of those who stay at home to help their working spouses earn is seen by the former’s engaging in vending viand, snacks or small grocery store “sari-sari store”, etc. They have acquired basic skills needed in running a micro-business, but their capital either gets used up for the provision of their particular venture. Most often, they solve this problem by resorting to loan sharks. Virlanie Foundation, Inc., in its effort to help alleviate the street children’s problem by approaching it from a preventive point of view, started the loan assistance project in 1993 through the Family Program the community based project of the foundation. Just in January of 2003, the new and improved policy of giving capital assistance in the communities were started and having a fund capital of Php150,000.00 to start with. At present the microfinance project had served...
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...business (LOB) is a term that is generally used to refer to products that are highly related and are meant for consumption by a particular group of customers. Therefore businesses in same line produce similar goods targeting the same consumer group. A small business is defined as one that is independently operated, not dominant in their field and whose main aim is to make profits. It also has less than 500 employees and annual receipts not exceeding $21.5 million depending on the type of product they produce. (Osborne, 2011) Therefore a small-business line of business (LOB) refers to an independently-owned business with less than 500 employees, annual receipts not of $21.5 million, not dominant in their field and dealing with related products targeting a particular group of customers. Examples of lines of businesses are education and training services, medical services, information and technology services etc. (Aaker, 2001) According to the U.S Small Business Administration (SBA), the small businesses preferred in this context falls under the HUBZone category. The HUBZone refers to Historically Underutilized Business Zones i.e. business located both in urban and rural communities but in underutilized business zones. The U.S Small Business Administration (SBA) gives special treatment to this types of businesses under the HUBZone program by ensuring they gain preferential access in regard to award of federal contracts. The line of business (LOB) for our preferred business in this...
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...LO1 Understand the sources of finance available to a Business Finance is the most vital thing to run the business. Companies operating as commercial entities must have sufficient cash balances to facilitate their smooth operations. Cash requirement can be raised from different sources, ranging from equity, various forms of debt, to internally generated funds through retained earnings which would otherwise be distributed to shareholders (Myers and Myers, 1991; J. Gitman, 1991). The sources of finance can be classified as Internal and External, Short-term and Long-term or Equity and Debt (Bromwich & Bhimani, 2009, pp.45). The two main sources of finance for business include internal and external sources. The business managers decide which form of financing to be used in the business (Klammer, 2003, pp.35). Internal Sources of Finance Personal funds - utilized by sole traders and partnerships. Owner takes on risk of losing their money. Family and friends - utilized by sole traders and partnerships. Friends can not only lose money but also harm relationships Selling assets - Dormant (unused) assets are typically sold. Selling of fixed assets that are currently in use may solve liquidity problems but create future production problems. Retained profit - Profits reinvested back into the business External Sources of Finance Share capital - limited companies selling shares. #1 way for limited companies to raise money and can provide up to billions. Venture capital - invest...
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...Executive summary In this paper, an attempt is made to delineate the deficiencies of the existing financial system in Bangladesh to cater to financing needs of SMEs or new potential entrepreneurs and a proposal has been given to develop the venture capital industry to meet financing and non-financing needs of SMEs. SMEs play a vital role within Bangladesh’s economy in terms of creation of industrial outputs and generation of employment. Even though they play a significant role they face problems in securing investment or manage finance to develop their ideas or to expand their existing business. It is not possible for Bangladesh to accelerate economic growth without catering to the financing needs of SMEs, Thus, the paper proposes the development of the venture capital industry as an additional financial intermediary to Cater to financing and non-financing needs of SMEs. The paper discusses available sources of finance for SMEs and the Constraints of these sources. There are basically three sources from which SMEs may receive finance. These are banks, non-government organizations (NGOs) and the capital market. Then, we discuss the advantages that venture capitalists have over banks in catering to the funding needs of SMEs. It is argued that venture capitalists perform the role of ‘active investors’ by way of offering both financial and non-financial commitment to the investee company, which is essential in a market characterized by a high level of uncertainties. Also, it is argued...
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...Proposal to Board of Directors [Team’s chosen name for the corporation – TBD in Unit 10] By Terra Allen, Accounting/Finance Manager, Michael Argentino, Marketing/Sales Manager, George Dickson, Operations/Production Manager, Doris Toliver, HR Assistant Manager, Felicia Parris, IT Assistant Manager March 14, 2014 Introduction to the Proposal’s Purpose and Content [Team’s chosen name] Corporation is a medium-sized manufacturing company with 250 employees. It directly markets one product: a unique coffee cup with a patented ball bearing sliding mechanism. Nathan Jr. and a group of 10 other executives run the company. [Team’s chosen name] Corporation has received a large sum of money from a venture capitalist. The venture capitalist and Nathan Jr. are predicting 100 percent growth in five years. To achieve that growth, productivity will need to increase at a similar rate. Therefore, this proposal provides a suggested business model update. Further, the functional areas updates are indicated to assist the business model to predict, plan, and implement future growth and profits. In this proposal, the problem of the outdated business model and functional areas is addressed with new ideas and new employees to implement them. The 100 percent growth projection in five years can become a reality with the managers’ ideas about these questions: 1. What will my updated business model look like? 1. How can my functional area managers modify their activities...
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...Statistical Analysis Results for The Finer Diner Sales Proposal Introduction Cost, time and prospect is the tools used to base effective business decisions. Calculating time cost, money cost, and return on forecast, all are based on data mining, marketing research, information analysis and findings. Statistics is way to finding the answer. Statistics – The Method of Organizing Data Generally, statistics is a set of disciplines to analyze quantitative information. Statistics entails all aspects of information: comprehending, collecting, communicating, organizing, and interpreting. All of these are the key reference for forecasting consequences or decision making. Thus, it permits us to estimate the extent of our errors. Purchasing a Business It is not an easy task or decision to purchase a business. Before the final decision is made there are many things to consider. To start with, what exactly do you want to achieve? For whatever reason, you must be sure that it is something that you are ready to devote a large amount of time and energy too. Otherwise, you might be trapped into doing something that you loathe. You must ask yourself how far you are ready to commit. How much of your own time, energy, and money are you willing to sacrifice? Finer Diner Sales Proposal The owner of the Finer Diner submitted a proposal to you in hopes of selling the business to you. His asking price is $250,000. Your...
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...effective vehicle for sustainable economic growth. In Bangladesh , a sustainable level of development of small and medium enterprises (SMEs ) is highly needed to reach the targets set by The United Nations (UN) in the millennium Development Goals (MDGs) to alleviate poverty . This urgency is reflected in the Government’s pro-poor policies, especially in the poverty reduction strategy paper (PRSP) . Small and Medium Enterprises in Bangladesh have recently been considered as an important vehicles of poverty reduction strategy. For the first time, the comprehensive Industrial Policy 2005 highlighted SME development as a flagship policy area for balanced and sustainable industrial development in Bangladesh. Availability of finance is thought to be a major constraint to formation and growth of SMEs in Bangladesh. Banks are reluctant to expand their SME credit portfolio because they do not consider SME lending an attractive and profitable undertaking. This is so because SMEs are regarded as high risk borrowers because of their low capitalization, insufficient assets and their inability to comply with collateral requirements of the banks. Administrative costs are also higher because close monitoring and supervision the SME operation becomes necessary. Despite all these facts banks and financial institutions have been providing finance to the SME sector and the volume of finance is showing an increasing trend. Most importantly the share of private sector banks in disbursement of...
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...Small and Medium Enterprises Business Guide SMALL AND MEDIUM ENTERPRISES (SME) BUSINESS GUIDE SUPPORTED BY MARCH 2008 1 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Foreword The Uganda Investment Authority (UIA) is proud to introduce this first Small and Medium Enterprises Business Guide. Small and Medium Enterprises (SME) are the backbone of the Ugandan economy. They contribute to job creation and poverty reduction. SMEs need to be supported to grow from small enterprises to medium and large businesses. This guide provides information and contacts on business licensing, access to finance, entrepreneurship skills training, business development services, and taxation/incentives. I wish to especially thank the Icelandic International Development Agency (ICEIDA) which has funded not only this guide but also entrepreneurship skills training and business development support for SMEs. Uganda Investment Authority has partnered with Makerere University Business School, Management Training and Advisory Centre and Uganda Women Entrepreneurs Association Limited to deliver these services. To my fellow entrepreneurs, I encourage you to use this Small and Medium Enterprises Business Guide to increase the profitability of your business. Patrick Bitature Chairman Uganda Investment Authority 2 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Table of Content I. INTRODUCTION ............
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...Crowdsourcing assets and the use of social networking and related Web 2.0 technologies are helping film-makers, musicians, politicians and charities finance new projects. Football clubs like Ebbsfleet United have funded operations through fans subscriptions; Obama has used the internet to reach a new and much broader funding audience, while redesigning the campaign financing business; and sites like buyacredit.com allow people to buy a credit or become an executive producer based on their level of patronage. Now may be the time for other growing companies.In practice, this is a very immature method of raising capital. Substantial legal obstacles, a lack of best practices and formal governance techniques need to be addressed for Crowdfunding to become feasible to a broader audience. About Crowdfunding Central Crowdfundingcentral.com produces member driven research to highlight the opportunities, concerns and best practices to businesses, investors and entrepreneurs of Crowdfunding. For more information go to Crowdfundingcentral.com What is Crowdfunding? Wikipedia defines Crowdfunding as: “An approach to raising the capital required for a new project or enterprise by appealing to large numbers of ordinary people for small donations”. Crowdfunding in theory delivers significant opportunities for small growing companies looking for capital to finance growth. If an organization can motivate a network or crowd to invest in a company, in theory, it will have a dedicated and invested community...
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...Ted Jones is the Surgery Unit Director who is getting ready to prepare a capital expenditure funding program for the coming year. His unit is too small and is running at over 90% capacity, so Ted wants more room. On the other hand, a cardiology surgeon at the hospital wants to create a new cardiac surgery program that would require extensive funding for new state-of-the-art equipment. Therefore, the surgeon has been campaigning with the hospital board members (Baker & Baker, 2011). Furthermore, Ted will need valuable information and will need to have a great strategy to prepare the capital expenditure funding program. Baker & Baker (2011) explains, “Capital expenditures involve the acquisition of assets that are long lasting, such as equipment, buildings, and land. Therefore, capital expenditure budgets are usually intended to plan, monitor, and control long-term financial issues” (p. 177, para 1). While Ted is preparing a capital expenditure budget proposal, there are four requests he should ask for upon creating the proposal. First and foremost, Ted should compose a timeline to show when his unit will open along with justification of the need for the proposal based on firm estimates of future needs (Department of Premier and Cabinet, December 2010, p. 9). A timeline will be able to let the others see his plan more clearly. In addition, Ted should also ask for the hospital’s guidelines and criteria for preparing a capital expenditure funding program. Baker & Baker (2011) states...
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...The Influence of Micro-finance Institutions on the Growth of Agribusiness Oriented Small Scale Enterprises in Kenya Name Tutor University Course Date Table of Content Table of Content 2 Abstract 4 Introduction 5 1.1 Background Information 5 1.2 Problem Statement 6 1.3 Justification 7 1.4 Objectives 7 1.5 Hypothesis 7 2.0 Literature Review 8 2.1 Kenya's Horticultural Sector at a Glance 9 2.1.1 Horticultural Leading Products 10 2.1.2 Top Importers 10 2.1.3 Private Sector Drive 10 2.2 Kenyan Contract Farming At a Glance 11 2.2.1 Definition of Contract Farming 11 2.2.2 Contract Groups 12 2.3 Supply of Microfinance 14 2.4 Types of Enterprises Engaged In By Microfinance Clients 15 2.5 Effect of Microfinance Services on Agribusiness-Oriented Small Scale Enterprises 15 3.0 Methodology 16 3.1 Area of Study 16 3.2 The Sample 16 3.3 Data Collection 16 3.4 Demographic Details for both Study Areas 17 3.5 Data Analysis 18 4.0 Work Schedule 19 5.0 Budget 20 6.0 References 21 7.0 Appendices 23 7.1 Appendix 1: Preliminary Data Analysis: Interview Questions 23 7.2 Appendix 2: Thematic Data Analysis 24 Abstract Micro-financing refers to the provision of financial services to individuals and groups which are not included in the formal financial systems based not only on assets and security but also other demographic, cultural, social, and gender constraints (Sindi, 2008). Microfinance institutions are those informal financial...
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...Research Proposal Title An investigation into the strategies for growth of black owned Small to Medium Enterprises (SMEs) in rural South African communities. A research proposal submitted in fulfilment of the Master’s degree in Business Management (Marketing) 98582. Supervisor: To be advised Year: 2016 By Mr D. Zvandasara M.Com Business Management Marketing 98582 – MKT (i) TABLE OF CONTENTS PAGE 1. Introduction 1 2. Literature review 2-3 3. Problem statement 4 4. Expected contribution of study 5 5. Research Methodology 6 6. Availability of Data 7 7. List of references 8-9 8. Reasons why I am interested in the proposed research topic 10 (ii) 1. Introduction Business growth has been studied by several researchers for many years. Different terminologies have been used by different researchers to define the stages of business growth, but the processes through which each business venture passes remain the same. Most researchers agree that each enterprise has to go through the normal business cycle which is to start (introduction), then grow while facing various challenges and crises, and finally mature and decline. There are many factors which will contribute to an enterprise's success. There are many pointers also, which will allow an enterprise to move from one stage to another. There are two sets of thoughts prevailing among researchers;...
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...Keystone Business Support Company Ltd. ABOUT US Keystone is a professional services company with management and administrative staff headquartered in Dhaka, Bangladesh. The company provides comprehensive business solutions to private businesses, financial institutions, investors, bilateral and multilateral institutions. A special strength of Keystone lies in its ability to help prepare for and implement energy sector projects both with regards to conventional and nonconventional energy sources. Keystone is also particularly strong in the areas of financial modeling and conducting legal and technical due diligence. These strengths are applicable in a wide variety of fields and we are constantly branching out to new areas to expand our product offering. Keystone has a global network of expert consultants across major cities including Boston, Delhi, Dubai, Hong Kong, London, New York, San Francisco, Singapore, Sydney, and Washington DC. Keystone is continually expanding to other major cities as its business grows. OUR APPROACH Keystone’s Project Teams pair international experts with local talent to devise Global Best Practice Solutions tailored to the specific country context. This also allows us to offer a high international quality service locally. Our first and foremost goal is to craft concrete and actionable steps for our clients that deliver results. OUR STRENGTHS Expertise : Keystone draws its strength from its diverse team of international experts. The company...
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...Sources of Business Finance ----------------------- |Finance method |Explanation |Benefits |Drawbacks | |Owner’s Funds |Business owners often have to use their|Savings are a good source of finance |There is always risk involved; the owner could | | |own personal savings to start a |because no interest has to be paid |lose his funds if the business is not successful. | | |business, particularly if they are a |whilst the money is being used. | | | |new sole trader. | |The owner may not have sufficient funds to start | | | |Business remains in full control of the|up the business. | | |Banks may no be willing to take the |owner. | | | |risk and invest in them. | | | |Retained Profits |This is the money retained in the |Using retained...
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