Employee Engagement and Grievance Handling Essay

Title of the Project Employee Engagement and Grievance Handling Process Statement about the Problem This point has been picked in light of the fact that in each association, representative commitment exercises are directed as employeeâ productivityâ is unmistakably associated with worker commitment. It is aâ business managementâ concept. A â€Å"engaged employee† is one who is completely engaged with, and energetic about his work, and hence will act such that facilitates theirâ organization’s interests. In this manner, commitment is unmistakably not quite the same as worker fulfillment, inspiration and hierarchical culture. An indispensable piece of worker commitment is a solid complaint dealing with system. Goals and Scope of Study a. Break down the Employee Engagement exercises that are being done at ‘Indigo’and the results of these exercises. b. Comprehend the procedure mapping for worker commitment. c. Strategies utilized for connecting with workers in our organizationd. Complaint taking care of procedure e. Presentation and kinds of complaints. f. Talk about the complaint dealing with process at authoritative, process, venture ; individual levelg. Techniques utilized in complaint taking care of h. See how Employee Engagement exercises and Grievance Handling forms go connected at the hip. Philosophy Research approach discusses information assortment of the undertaking work. The information assortment as such is partitioned into:I. Essential Data a. Poll overview b. Vis-à-vis conversation with existing representatives who are there in the association for over a half year or somewhere in the vicinity. c. Conversation with Human Resource pros. II. Optional Data 1) Journals 2) Company records and reports 3) Internet Searches 4) External sites 5) On line overview led by organization.

Immigration Essay Example | Topics and Well Written Essays - 2000 words

Movement - Essay Example The gigantic quantities of displaced people pouring across basically the southern outskirt has and keeps on causing generous financial, social and physical damages to legitimate residents. These damages happen transcendently to the individuals who are among the most defenseless portions of the populace: minorities, youngsters and poor people. This conversation will look at the reason, impacts and answers for the movement of Latin Americans to the U.S. The key explanation behind the surge of migration from Latin America, explicitly Mexico, is the breaking down of the Mexican economy overwhelmingly coming about because of organized commerce techniques utilized by the North American Free Trade Agreement and the International Monetary Fund (IMF). The uncontrolled defilement inside the Mexican government has likewise contributed altogether to the breakdown of the Mexican economy. Because of IMF arrangements with respect to Mexico, its financial yield dropped 33 percent in the previous two decades. During this period, its outside obligation rose 359 percent as a result of far reaching plundering of the national coffers. These variables caused the â€Å"collapse of all territories of profitable monetary movement and business, is the essential driver of the surge of travelers edgy to leave Mexico, to discover some job for themselves and their families in the United States† (Small, 2005). Since the commencement of America, individuals of contrasting belief systems have commonly concurred on movement controls. General assessments of public sentiment have persistently demonstrated a mind-boggling restriction to illicit movement just as for the idea of acquittal. The most enticing method of reasoning to be contrary to this most recent bill again doesn't regard the standard of law. Pardon for expatriates is simply an award for law-breaking and by whatever name, causes regularly raising future illicit movement. â€Å"No framework relying upon a severe respect for the standard of law can treat law-breaking so casually† (Erler,

Religious and Secular Terrorism Analyzing Differences and Points of Intersection

Presentation Terrorism is a systematic utilization of fear, especially, as a technique for impulse. No collectively affirmed, legitimately official, criminal laws of the clarification of fear mongering exist at present. Psychological warfare is normally characterized by the savage activities finished with the goal of making dread/terror.Advertising We will compose a custom article test on Religious and Secular Terrorism: Analyzing Differences and Points of Intersection explicitly for you for just $16.05 $11/page Learn More These are submitted for strict reasons, political causes, intentionally or in dismissal of the security of regular citizens. Today fear based oppression takes various shapes, and it is imperative to take note of that not all types of psychological warfare are indistinguishable, as there are important incongruities between two fundamental sorts of psychological oppressor acts, which are strict and common psychological oppression. In this paper, we will think about s trict and common fear mongering from the point of view of their causes, points and signs. We will likewise attempt to diagram the outskirt among religion and strict fear based oppression and investigate mainstream thought processes in strict psychological oppression. In spite of the names of two sorts of fear mongering draw a flawless outskirt between them, we will see that these two psychological warfare types share much for all intents and purpose and that these names can be considered to some degree summing up. Strict Terrorism: Essence and Justification â€Å"Religious fear based oppression is psychological warfare by those whose inspirations and points have a transcendent strict character or influence† (Stern, 2003). Strict fear mongers discover motivation and legitimization for their activities in strict sacred texts; submitting psychological militant acts is seen by them as their obligation to God, and the demonstrations themselves are seen as the best approach to exec ute the God’s will (Al-Khattar, p.5). The vast majority of the strictly sentenced people who entertain themselves with demonstrations of fear mongering are consistently anxious to achieve a particular wanted undertaking. Strict psychological oppression assaults have been helped somewhat because of innovative headway. Strict psychological warfare can be verbalized in two different ways. The first is the place savagery from legislative issues through fear based oppression is applied in taking care of strict issues. At whatever point political weight turns out to be increasingly prevailing, it ordinarily causes a change towards the strict exhibitions. The subsequent structure is the place strict goals are applied towards politically related issues. These practices are all out endeavors for legitimization of psychological oppression. The exercises are additionally performed for fascination and inspiration of psychological oppressors all path through strict articulations. A major portion of fear monger acts submitted in the World is related with Islam; notwithstanding, there is ground to express that the strict psychological oppressor acts on the planet are directed by supporters of various religions.Advertising Looking for article on sociologies? We should check whether we can support you! Get your first paper with 15% OFF Learn More For instance, in 1982, self-destructive bombings identified with fear based oppression assaults were experienced all inclusive; in this scene, the Islamic gatherings were inferable from eight percent of the instances of psychological warfare that occurred (Pape and Feldman, pp.202-203); this isn't just restricted to Muslims yet additionally different adherents from various strict principles. Differing religions have different correspondences essentially on how they should deal with one another during contradictions. These contradictions to a specific extraordinary may encourage psychological warfare exercises among individuals. The rules on how people ought to play out their fear mongering exercises depend on divine works. Various individuals in different nations have assorted methods for deciphering otherworldly engravings. This bit of leeway helps in the avocation of many clashing points of view. It has been a propensity that people’s clarification of the profound contents is distorted. Anyway psychological warfare exercises are in this way inspired on strict premise. People have had their fundamental enthusiasm being what they can pick up as opposed to the lessons they can provide for individual partners. This deficiency action is shared, and consequently basic among different people from various strict tenets, for example: Christians, Jews and even Muslims. This shortcoming emphasizes on close to home accomplishments surpassing the interests of others. It’s in any case accepted that having this sort of conduct is redressed. People’s abuse on others in movement of their own egocent ric worries with appearance to religion advances savagery. Fear mongering exercises crop up from the demonstrations of viciousness. These sorts of lessons are given to individuals in various strict ordinances. At whatever point religion is taken past the limit, at that point fear mongering exercises are profoundly helped. Contemporarily, following the dismissal of thoughts for instance the incredible privileges of rulers and the growth of people’s nationalism, fear based oppression would normally be connected to insurgency, agnosticism just as lobbyist issues of state. On the other hand, since the time the 1980s, there has been a radical ascent in the fear mongering exercises incited everywhere by religion. Common Terrorism: Essence and Justification Considering the name of the marvel, mainstream fear mongering doesn't have strict issues as a thought process: mainstream psychological militant acts have political foundation and political targets. Common psychological oppressio n was utilized by various political pioneers in the early hundreds of years, for instance, during the French unrest. In the nineteenth century, German just as Italian fundamental enthusiastic residents likewise frequently rehearsed mainstream terrorism.Advertising We will compose a custom paper test on Religious and Secular Terrorism: Analyzing Differences and Points of Intersection explicitly for you for just $16.05 $11/page Learn More In Russia, a gathering â€Å"Narodnaya Volya† (â€Å"People’s Will†) additionally played out a crusade that involved a great deal of psychological militant exercises (Cronin, p.123); the brutal battle of battles and deaths was intended to challenge fascism in Russia. These anyway developed to be good examples to some equivalent gatherings that were framed, for example, Serbs before the First World War. Mainstream fear mongering involves some across the board rhetoric names generally called alluding to the people in question. For instance ‘holy terror’ pronouncements which is called to allude to the depiction of people who are inside the general public of strict psychological militants. â€Å"They are distinguished by such names to uncover that they are being belittled and furthermore dehumanized. Some other dehumanizing terms incorporate ‘infidels’, ‘dogs’, ‘children of Satan’ and mud people† (Hoffmann, p.89). They purposefully utilized these terms to dismiss everything and offer a defense that fear based oppression is noteworthy and hence extensive. These individuals likewise portray the fatalities as being useless and not being a person. This expels all the boundaries against mercilessness just as monstrosities. Strict Terrorism versus Secular Terrorism The â€Å"religious intention versus common motive† contrast is the head and the clear differentiation between two talked about kinds of fear based oppression; be that as it may, it brings f orth a scope of different contrasts. As a matter of first importance, mainstream psychological warfare comes up short on a voting demographic: Religious and common fear based oppressors likewise vary in their supporters. Though common fear based oppressors endeavor to interest a body electorate differently made out of real and potential supporters, individuals from the networks they indicate to ‘defend’ or the abused individuals for whom they guarantee to represent; strict psychological militants are on the double activists and constituents occupied with what they see as a complete war (Hoffman, 1998). They regularly search for an intrigue to their own supporters. Therefore oneself controls on hostility which are perpetrated on mainstream fear mongering by the desire to call to an implicitly accommodating voting public are not relevant in strict psychological warfare. This trademark suits all people including non-individuals from the psychological militants inside the s trict group. It allows as well as lifts tremendous gore exercises among people. Since this sort of fear mongering relies upon the objectives, this component expands up to all the various classes of objectives.Advertising Searching for exposition on sociologies? We should check whether we can support you! Get your first paper with 15% OFF Find out More Thinking about the pith of strict psychological warfare, it isn't unforeseen that strict fear based oppressors never need to consider themselves to be components in the association essentially related to giving protection to the current framework, which is against the mainstream fear mongers. They anyway would need to see themselves as outside protectors watching out for rudimentary changes in inside the current exhibit. This confinement highlight is profitable to the terrorist’s part. It causes them to show tremendous, criticizing and lethal sorts of fear monger activities. It additionally empowers them to complete all the more dangerous activities when contrasted with mainstream psychological oppressors. They also grasp and investigate all with the consideration of unlimited rivals for attack. In strict fear mongering, the concerned psychological militants initiate with execution and achievement of the allocated task (Rapoport, 1984). Since they are conceded a quick commitme nt, their first movement is viciousness and complete annihilation. This straightforwardly demonstrates this sort of fear mongering is completed brilliantly and consummately. It’s not additionally confined by either political or moral restrictions that may influence the fear based oppressors. This along these lines legitimizes the nearness of tremendous psychological oppression exercises identified with different strict precepts. Mainstream fear based oppressors consistently think about the hostility and the fierce conduct among themselves as appropriate methods for starting correction towards a flaw. This occurs if the misstep that could have created is bei

To what extent has the eu become a social regime Free Essays

string(103) convey part state promise to the usage of concurred changes (European Commission 2005). Presentation This paper will look at the degree to which the EU has become a social arrangement system. The paper will initially give a recorded foundation and improvement of the EU, distinguishing key settlements and understandings, where the EU determines its capacity and investigating the increase rules. It will likewise recognize EU’s standardizing position on political dependability and human rights, and investigate how the promotion rule has shaped a course for social dominion. We will compose a custom article test on What exactly degree has the eu become a social system? or then again any comparable theme just for you Request Now Further, the paper will investigate the degree to which it forces its enactment. What's more, the paper will shed bits of knowledge on a portion of the predicaments that rise with the social creation process which seem to have been an impediment in social approach making at the EU level. Intensity of the EU Before investigating further, it is advantageous talking about the intensity of the EU. The inquiry to be tended to is: the place does the EU infers its powerThe intensity of the EU lies at the core of an understanding chose by part states. France and Germany are the two part states which applied noteworthy impact and assumed a focal job in the development of the EU. Part states denied quite a bit of their capacity for the association which enabled the association to institute enactment at the EU level (Ciclet2013). With at present 28 part states including nations from focal and Eastern Europe, the EU has become significantly more grounded in power. The association was set up through a progression of restricting bargains with the point of guaranteeing monetary advancement and advancing harmony over the mainland of Europe. The association is administered by a few key foundations, for example, the European Commission, European Council, the Council of Ministers, and the European Parliament. Different organizations incorporate the European Central Bank, Court of Justice, and Court of Auditors (Caruso 2007). The Union is sorted out around every one of these foundations which assume an incredible job. Promotion standards Certain necessities, be that as it may, must be met for nations to become part states. Nations trying to join the EU as part states must meet certain prerequisites set out in Article 49 and must comply with the standards spread out in Article 6 (1) of European Union bargain (Clansen 2006). The Copenhagen rules built up in 1993 expect nations to meet three rules all together become part state. Political rules: this standard expect nations to have stable organizations and to keep up their duty to the standard of law, ensure majority rules system and regard to human rights Monetary standards: †this measure expect nations to have a working business sector economy and to have the option to adapt to advertise powers Acquis †The third measure expect nations to have the institutional ability to actualize acquis and acknowledge commitments of enrollment including consistence to the union’s political and financial choices (Clansen 2006). How the EU functions? The part conditions of the association cooperate to set approach and advance aggregate interests (Archic 2013). They have pooled their sway and guaranteed harmonization on a large number of financial arrangements. Coordination has been done in different fields including exchange, farming, condition and instruction. Though the EU individuals have indicated their responsibility towards working with one another through harmonization of laws, dynamic has been a troublesome procedure. The ongoing monetary downturn that saw monstrous activity misfortunes across Europe raised worries about the pretended by the EU in guaranteeing financial development. Since part of the center obligations of the association was to guarantee monetary development and improvement, many saw the association as a bombed explore, having bombed its most significant test. The EU forced serious severity measures to part nations that had the biggest obligations by expanding duties and making intense slices to pay off government obligations. In opposition to the forecasts of improved development, such grimness estimates prompted more prominent financial downturn as nations constrained into gravity estimates experienced steep downturns in their economies (Lee 2013). What exactly degree has the European Union become a social approach ‘regime’ EU social arrangement seems to have experienced three significant development sprays with the first apparent in the mid 1970s when part state governments set up a social activity program. The point of the activity program was to improve everyday environments, increment work possibilities and association of social accomplices in monetary and social choices at the EU level (Daly 2007). Be that as it may, this program just left an enduring engraving on zones of work security and correspondence in showcase openings. Towards the finish of the main time frame, it became apparent that it was so difficult to have a viable social arrangement at the EU level. The times of 1980s and 1990s saw one more development spray in EU social strategy. This period was likewise commanded with work advertise gives simply like the principal development spray; in any case, social strategy was considered in an unexpected way. There was a basic need to socially manage the work showcase. This prompted the Maastritch Treaty and a related ‘action programme’ (Daly 2007). The settlement lead to progress of working conditions, tended to the issue of social avoidance (those prohibited from work showcase), advanced equivalent treatment and guaranteed intercession in motivation setting through aggregate bartering. Notwithstanding, pundits saw this as an index of underachievement given its non-restricting character and that reality that the social sanction moved resident rights to worker’s rights. Lisbon I The third development spray accompanied the marking of the settlement ofLisbon which spread out a goal-oriented and comprehensive plan that would see the EU become the most serious information based economy (Zeitlin2010). The Lisbon system was to guarantee manageable monetary development, more prominent social attachment and better work possibilities. Notwithstanding these three center targets, ecological maintainability was added to the Lisbon methodology in 2001 as the fourth goal. What's more, another way to deal with administration at the EU level, the Open Method of Coordination (OMC), was created. In any case, Lisbon I went under overwhelming analysis attributable to the increase of destinations and its absence of vital core interest. Specifically, the OMC was censured for its disappointment as an administration instrument, having neglected to convey part state pledge to the execution of concurred changes (European Commission 2005). You read To what degree has the eu become a social system? in classification Article models somewhat, these reactions were legitimized particularly the disappointment of the OMC as a methods for accomplishing more noteworthy intermingling towards the Lisbon targets (BorrasJacobsson 2004). Then again, it very well may be contended that the OMC ought to have been viewed as an achievement in fields, for example, social and work approach given that it has so far had the option to connect the social and monetary parts of incorporation. Further, it was too soon to pass judgment on its effect in other field zones, for example, development and undertaking advancement given that the strategy had not yet been completely executed (LelieVanhercke 2013). In any case, the OMC was viewed as a frail instrument of administration and featured as one of the disappointments of the Lisbon procedure. Lisbon II Given the disappointments with the main procedure, another system (Lisbon II) was relaunched in 2005 with the attention on better administration and social security and incorporation. The primary target of the Lisbon II system was to guarantee the combination of European Employment Guidelines and Broad Economic Policy Guidelines to a one fundamental rule for development and occupations (Zeitlin2010). On the social side of the Lisbon II system, the emphasis was on smoothing out OMC on social insurance and incorporation. The point was to give a system that would guarantee that the monetary and social perspectives commonly strengthen one another. The two should have a complementary relationship whereby the smoothed out OMC on social incorporation and insurance would take care of in ‘to development and business destinations, while simultaneously, the coordinated Guidelines for Growth and Jobs advance social union objectives (Zeitlin 2010). Be that as it may, the above mix demonstrated tricky as it permitted part states to set their own needs along these lines lessening business arrangement coordination and checking at the EU level.Further, the reasonable adequacy of the equal connection between the social, financial and work measurements was constrained by the absence of explicit institutional instruments for supervising the commonly fortifying input. Lisbon III Given the shortcoming of the Lisbon II technique, one more Lisbon Strategy III was created in 2008 which concentrated on reinforcing the social measurements. In the spring of 2007, the EC settled that every part state’s social targets must be fused in the motivation. This brought about an open discussion with two countervailing positions: one concentrating on better usage of national changes and another upholding for the fuse of social destinations into the coordinated rules (Zeitlin2010, p.4). The EC at last set out to reinforce the social measurement by requiring a closer collaboration and observing of ‘feeding in/taking care of out’. The intensity of the EU has anyway moved since the 2009 Lisbon settlement from the political level to the regulatory level and even to hands of the bureaucrats(Euranet 2013). A genuine case of this can be found in the zone of Common Security and Defense Policy (CSDP). While there has been a noteworthy institutional advancement at the EU level, part state’s hesitance to give sufficient capacity has been a significant hello

William Shakespeare: Research Assignment

William Shakespeare: Research Assignment William Shakespeare is most seemingly the best English artist and story essayist the English writing world has ever known. A portion of his well known works that one may perceive incorporates Macbeth, Hamlet, Romeo and Juliet and numerous others. In any case, there were a lot of different things occurring in England during the sixteenth and seventeenth century. Significant occasions like the thrashing of the Spanish Armada, bargain of harmony among England and France, collusion among England and Netherlands, disclosure and investigation of the new world, and the ascent/fall of a lot of English rulers. These occasions affected Shakespeare in one manner or the other which could make one need to consider Shakespeares work and think about/differentiate this present reality occasions with his work. On the off chance that one doesnt know about William Shakespeare, at that point theyve been covering up under a stone for a considerable length of time. William was a child of a rich entrepreneur and dynamic resident of Stratford-upon-England. Shakespeare father at that point wedded Mary Arden in 1557 and had William on April 23, 1564. The dark plague was destroying England in the fifteenth century and William was fortunate that he endure. He lost a few kin to the plague including his more established sisters Joan and Margaret. During that timeframe William and his sibling Gilbert got away from the grip of the dreadful tormented and would both grow up to become effective individuals. William began school at six years old at the Stratford punctuation school. He was instructed fundamentally in Latin however he likewise learned in English. Some accept that William was removed from school at thirteen years old because of money related issues however that wouldnt prevent youthful William from learning. At the point when he was about the age of eighteen he wedded a lady named Anne Hathaway, who was more established and pregnant at that point. They had their first conceived in 1583 and they named her Susanna. After two years they had twins by the name of Hamnet and Judith. Tragically one of the twins, Hamnet, passed on in 1596 because of obscure causes which influenced William profoundly. During this time, England was in a period of military predominance and brilliant age. They were going to go investigate the new world and had informally associated with threats against Spain since the 1570s(Patrick, Pg 331). They were beginning to pick up riches and influence at a quick rate. This surely influenced the residents of England by methods of culture and amusement. During this time, Shakespeare around the late 1500s was a rousing on-screen character and writer. In the wake of picking up unmistakable quality in London, he turned out to be part proprietor of the Globe Theater and Blackfriars Theater in 1603. He kept acting until 1613 where he went to his old neighborhood of Stratford to resign and unfortunately kick the bucket in 1616, precisely 52 years to the day of his introduction to the world. William Shakespeare passed on in a period of strict discussion, investigation of life and values, and the beginning of individual flexibility and security. Britain was a nation with numerous issues however that was just motivation for Shakespeare alongside close to home occasions influenced him. For instance the demise of his child caused distress for him which thus was communicated in his composition. The distress likewise came through when he joined distinctive acting troupes which additionally helped him to pick up thoughts and musings about dramatization. These occasions and tragedys in the end consolidate and come through Shakespeare composing and with his distinction that he discovered during acting, it just set aside a matter of effort for his composition to pick up prevalence. In spite of the fact that William Shakespeare was never a rich man, he despite everything kept on following what he adored most. He lived serenely in Stratford which was all that he needed for he would keep composing dramatizations and comedys that all would become celebrated either in those days or at this moment. Be that as it may, individuals of England were not a simple group to please, harking back to the sixteenth and seventeenth century. There was a lot of change in their legislature around this time which comprised of executions of political individuals to people in general or deaths. The Irish and Scots likewise were attempting to pick up their own autonomy from England around the late 1500s which caused England to be in consistent war with countrys surrounding them. In any case, considerably after Shakespeares demise there was war and political turmoil. The Thirty Years War starts, goes on until 1648,(britannia.com) and the investigation of the new world is completely in progress which lead to England getting increasingly ingenious. Around the 1620s, ten years after the passing of Shakespeare, King Charles I is compelled to acknowledge parliaments proclamation about social liberties as a byproduct of cash so he can keep battling his wars. This truly denoted the first run through other then the Magna Carta that the ruler of England gives the individuals rights and common freedoms obviously they needed to expect it. In any case, not long after that King Charles I really break up the parliament and rules England himself for the following 10 years. Dissolving the parliament wasnt really a poorly conceived notion since King Charles I made harmony with Spain and France which wouldnt of occurred if parliament was all the while running. There has been numerous progressions to England all during this time yet its critical to glance back at history and really observe. William Shakespeare was here and there a helper or influencer of England and its kin who were in consistent war and in mayhem. On the off chance that one thinks back and looks at the historical backdrop of England to Shakespeares stories then they can see the similitudes between them. At the point when a peruser today gets a Shakespeare book or story and understands it, its practically like glancing back at England in that timespan as though you were there and witness what it resembled. Shakespeare gives us symbolism and enthusiasm about England and that is the reason with his abilities of composing and intriguing emotional stories that we despite everything read about him and his stories today. Book reference 1598, By. William Shakespeare. Wikipedia, the Free Encyclopedia. Web. 11 Nov. 2010. . Britannia: British History and Travel. Web. 11 Nov. 2010. . WILLIAM SHAKESPEARE. Web. 11 Nov. 2010. . James A. Patrick. Renaissance And Reformation. New York: Marshall Cavendish, Giovanni Caselli. The Renaissance And the New World. New York: Peter Bedrick Books, 1986. Catherine de Medicis. Transformation, Exploration, Empire. Danbury: Grolier, 2005.

SIPA on iTunes COLUMBIA UNIVERSITY - SIPA Admissions Blog

SIPA on iTunes COLUMBIA UNIVERSITY - SIPA Admissions Blog There are many ways to gather information about SIPA. Our web site, this blog, and a visit to SIPA are just a few of the ways. iTunes is another avenue you can use to obtain information about opportunities available to our students. When you open iTunes, simply type SIPA into the iTunes search box and you will find a long list of SIPA lectures, forums, and panels available for download. They are all free and we publish events as they happen so repeat the search on a consistent basis for updates. SIPA on iTunes COLUMBIA UNIVERSITY - SIPA Admissions Blog There are many ways to gather information about SIPA. Our Web site, this blog, and a visit to SIPA are just a few of the ways. iTunes is another avenue you can use to obtain information about opportunities available to our students. When you open iTunes and visit the iTunes store simply type “SIPA” into the search box and you will find a long list of SIPA lectures, forums, and panels available for download. They are all free and we publish events as they happen so repeat the search on a consistent basis for updates.

MBA Admissions The 4 Keys to Business School Selection

One of the less effective business school selection methods As I begin my MBA at MIT Sloan, I’m finding it hard to believe that only a year ago I was in the shoes of many of my friends applying to business school. With Round 1 deadlines just around the corner, many B-school hopefuls are grappling with the MBA admissions process and if you’re reading this, you’re probably one of them. Unlike applying to college or many other graduate programs, applying for a MBA can be expensive: most applications to Top 10 schools cost over $200 and most prospective students apply to at least three programs. That’s a handsome chunk of change. MBA application coaching can be hugely helpful, but good MBA coaches don’t come cheap. Even if you can afford the financial expense, more applications mean more writing, so it’s to your benefit to choose your schools wisely. Here are a few factors to consider when making your list of places to apply for your MBA: Location Close to home or somewhere new? Urban hub or rolling hills? Four seasons or only one? You’re going to be working hard and meeting tons of new people and you want to be doing it in a place where you’ll be content living for the next two years. Especially if you’ve got a significant other to consider, this is the time to have a candid conversation about where you’d both be willing to move or how you’d plan to work the distance (or not). Another factor worth considering with regard to location is your desired career post-MBA. There are opportunities all across the country—and the world—and recruiters travel far and wide to bring MBA talent into their companies. But if you’re keen on entering tech, for example, there’s something to be said for attending a program out in California to stay plugged into the Silicon Valley scene. Similarly, if you’re looking to work in Europe after graduation, spending the next two years at a European program instead of an American one might make it easier to develop a network and find career opportunities aligned with your goals. Your Odds MBA Admissions committees are looking to admit people, not numbers, but that’s not to say your standardized test scores aren’t an important part of your candidacy. Check out the admissions statistics for the schools where you’re planning to apply. Are your numbers in or above their GMAT/GRE range for last year’s class of admitted students? Great. If your numbers are a little low, you can write the school off your list or consider retaking the test. Academic focus and classroom style No question—Harvard Business School has an excellent MBA program. But speaking as a former case writer and teaching assistant at HBS, if you don’t like the idea of all your courses being taught in the case method, you probably won’t enjoy the classroom experience at HBS. And when you’re spending over $100K on your degree with much of your time spent in the classroom, academics count. Ask yourself how you learn best and what types of teaching styles are most valuable to you. Do you learn best through lectures or case discussions? Team projects or independent study? Do you prefer a more defined curriculum or a program with lots of electives? Programs vary somewhat in their curricula and teaching methods, especially once you get beyond the core coursework of accounting, finance, marketing, etc. Think hard about what characteristics are most appealing to you as a student. For me it was all about having experiential learning opportunities, so I couldn’t be more excited for MIT Sloan’s Lab curriculum. Some schools are known as leaders in certain areas. Among the Top 10, HBS is known for general management, Kellogg for marketing, MIT and Stanford for entrepreneurship, Wharton and Booth for finance, and so on. While you can get a well-rounded business education at any well-regarded school, institutional reputations are worth considering if you’re keen on diving more deeply into a specific field after graduation. People Even more so than college, MBA programs are about fit. So if you’re visiting a school and don’t see yourself getting along with the people there, then it’s probably worth striking off your list. Keep in mind that the hundreds of new people you will meet when you start your MBA will be more than just your classmates. These people are going to be your new friends, business partners, drinking buddies, problem set partners, and maybe even your husband or wife. If you have the money and leisure to do so, make a campus visit. Attend a class, talk to current students, and get a feel for the culture inside and outside the classroom. Your MBA is as much about what you’re learning in class as what you’re learning from others, so don’t underestimate the importance of finding â€Å"your people.† ; ;

The Great Depression Of The 1930s Essay - 1689 Words

Global Crisis of 2008 in Comparison to the Great Depression of the 1930s Introduction The economic crisis’ of the 1930s and 2000s greatly impacted the United Sates (U.S) and the world. The Great Depression and Global Crisis were both major economic crisis’s the originated in the United States and spread to foreign markets around the world. The Great Depression is regarded as the biggest economic downturn, due to many factors like the stock market crash. The Global Crisis on the other hand, was a more recent recession caused by sub-prime mortgages and mortgage backed securities, that didn’t have as much of a lasting effect as it did on having a spreading effect on other economies. It is important to look at the causes of the bubbles, scale of economic crisis’s, and the economic effects to identify similarities and differences between to the two crisis’, because it helps gather a firm understanding and better prepare us for a future crisis. Causes The Great Depression In America, the Great Depression is one of the defining moments in U.S history. The cause of the Great Depression is complex and due to many unfortunate factors, the most notable cause being the stock market crash of 1929. The crash was caused mainly due to too many consumers borrowing irresponsibly because of the mentality that the stock market will continue to rise and rise, forever (Stock Market Crash of 1929, 2010). The extreme volatility of stock prices led consumers to stop spending, which causedShow MoreRelatedThe Great Depression Of The 1930s999 Words   |  4 PagesThe Great Depression of the 1930s is notably one of the greatest crises of American history. During this time frame the American economy collapsed in great part because of factors such as the existence of massive wealth inequality, the dust bowl that started in the Great Plains, and the rampant business speculation of the 1920’s. These factors helped turn an awful economic depression i nto what would be called an all-out social crisis. Bread lines and soup kitchens became a common occurrence in AmericanRead MoreThe Great Depression Of The 1930s885 Words   |  4 Pagesabout the Great Depression of the 1930s? Give examples of the differences between the relief policies of F.D.R. and Hoover. Describe the opponents of F.D.R.’s relief policies, and how he did more to expand executive power than any other President in American history. Also take the time to explain other significant events and issues that took place in the U.S. during this time which made the depression seem even bleaker. GREAT DEPRESSION Some factors that brought about the Great Depression of the 1930sRead MoreThe Great Depression Of The 1930s925 Words   |  4 PagesThe assigned readings offered an interesting and complex view of some of the diverse groups of people who were marginalized in California during the Great Depression of the 1930s. The primary sources shared detailed information on how Mexicans, Filipinos, and White Americas experienced hostility and inequality in California. In Resistance, Radicalism, and Repression on the Oxnard Plain, Frank Barajas discusses how beet sugar growers on the Oxnard Plain cut the wages of Mexican laborers working inRead MoreThe Great Depression Of The 1930s2131 Words   |  9 PagesThe Great Depression of the 1930s undoubtedly marked a period of massive change and devastation throughout the entire nation. People of all backgrounds were plagued by destitution and insufferable living conditions, while unemployment rates had soared beginning with Black Tuesday, to the point where the public had begun to lose hope for the future. In enduring all of the instances of negative change, the people, whether of white or black heritage, whether rich or poor, had all shared one set of characteristicsRead MoreThe Great Depression Of 19301805 Words   |  8 PagesDepression of 1930 The Great Depression of 1930 molded the American culture and the political life of our nation. Due to its pivotal role in the formation of our economic system. Today I will provide an inside depth of the Causes and Effects of the Great Depression and will focus on the results and outcomes that resulted in this event that would change the lives of many in this time period of despair and of devastation. To begin in the 1920s it was a time of prosperity in lives of many as the economyRead MoreThe Great Depression Of The 1930s1844 Words   |  8 PagesIt is common knowledge that the 1930s was the time of the worst economic downturn the world has ever seen. The Great Depression, which lasted for ten years, facilitated discontent among various ethnic groups, genders and occupations. Perhaps the most significant fallout from the Wall Street Crash in 1929 was the economic migration of itinerant workers to California – the state of the Steinbeck’s birth – as a result of harsh geographical conditions in the region of the United States known as the ‘DustRead MoreThe Great Depression Of The 1930 S1476 Words   |  6 Pagesthe great depression of the 1930’s and the great recession in the United State of America. First, I’ll make a general overview of each of these two different periods and then focus on certain specific aspects during these different times. This will include the causes to the economic recessions witnessed, impacts of the economic recessions and the solutions that were introduced. When talking about any topic regarding American history, it would be hard not to mention the 1930’s great depression. AuthorsRead MoreCauses Of Great Depression Of The 1930s1173 Words   |  5 Pages Causes of the Great Depression Khalid Mohamed 500710091 DR. M. Jolly ECN 220: Evolution Of Global Economy â€Å"Analyze the causes of the Great Depression of the 1930s. Do you feel that this was caused primarily by weaknesses in the economy of the United States or by structural weaknesses in the international economy?† The Great Depression The Great Depression, was a phenomenal incident that was caused by multiple factors, it is considered one of the most tragic downfalls inRead More The Great Depression of the 1930s in Canada1305 Words   |  6 PagesThe Great Depression of the 1930s in Canada The Great Depression of the 1930s is a benchmark for all depressions and recessions in the past and in the future. In the booklet The Great Depression of the 1930s in Canada , Michiel Horn gives an intellectual dissection of the events that occurred during the Great Depression. Michiel Horns approach leaves the reader with a foul taste for the Dirty Thirties. This essay will summarize Michiel Horns key points as well as discuss the ability ofRead MoreThe Great Depression Of The 1930 S Essay762 Words   |  4 PagesJohn Maynard Keynes was the most influential economist of the 1900’s and many of his ideas were adopted by Franklin D. Roosevelt to combat the Great Depression of the 1930’s. With the passing of the economic crisis in 2008, countless articles have been published supporting Keynes and his economic thought. He investigated the origins of the Great Depression and remodeled the field of economics with a basic conclusion: economies recover from downturns by sp ending money. Keynes theorized that during

The Adventures of Tom Sawyer Novel - Free Essay Example

Sample details Pages: 2 Words: 605 Downloads: 1 Date added: 2019/08/15 Category Literature Essay Level High school Tags: Mark Twain Essay Tom Sawyer Essay Did you like this example? The Adventure of Tom Sawyer by Mark Twain takes place in the fictional village of St. Petersburg, Missouri, around the mid 1800s. St. Don’t waste time! Our writers will create an original "The Adventures of Tom Sawyer Novel" essay for you Create order Petersburg is a typical village with a safe life and dull people. A mischievous boy named Tom Sawyer, who dream of being well known in the town of St. Petersburg and becoming wealthy, lives with his aunt polly and half brother Sid. It starts of with tom getting in trouble for starting a fight with a kid on the street because he was jealous of the way that boy dressed. Aunt polly grounds him and makes him wash the fence, but tom manages to convince the other kids on the street to do his work for him. One night out in the graveyard, tom and his friends encounter Injun Joe murdering, Dr. Robinson. In order to stay out of trouble, they swear to never speak of this again. But Injun Joe has blamed the murder of Dr. Robinson on Muff Potter. The guilt builds up inside Tom and he decides to testify against Injun Joe for false accusations of the murder. During the trail Injun Joe escapes from the courtroom. During the summer Tom and Huckleberry Finn go hunting for gold in a haunted house and manage to spot Injun Joe with his accomplice. Huckleberry Finn starts to keep an eye on Joe and eavesdrop on his conversation. Huckleberry overhears Injun Joe in creating a plan to murder the widow next. The widow is a kind person to Tom and his friends. Meanwhile Tom and his girlfriend Becky are on a picnic in McDougals cave and soon become lost in the cave. Huckleberry Finn goes off to find the widow to keep her out of harms way. The towns fokes have noticed Tom and Becky disappearance but cant seem to find them. Tom and Becky find a way out of the cave, but in doing so, they have bumped into Injun Joe who had been using the cave as an hideout. The people of St. Petersburg come to their rescue. They decide to seal of the cave with Injun in it as his punishment for the murder. Over time, Injun Joe dies of starvation. Tom and Huckleberry Finn remember that Injun Joes treasure still lies within the dangerous cave. So they go back to retrieve it. The boys find the riches and become wealthy. And theyre are well known in the town of St. Petersburg. This changes their lives drastically and Tom is live his dreams. Is it our differences or similarities that matter? Well, I believe that are similarities matter more than out differences. Everyone argues over their differences whether its over a favorite team, or a game, or their opinion on a common topic. We seem to be full of hatred and discriminate over everything and everyone. But deep down we are all humans; we have hands, lungs, feet, and hearts. Its just our exterior thats different and the way we perceive the world. So why not move past that? We can accept our differences and acknowledge that we are all the same. Why not celebrate our similarities and see perceive each other as equals. In the story of The adventures of Tom Sawyer, Tom was jealous of the other kid on the street and fought with them because he could not accept that he was different. And at the end of the novel everyone united putting their differences aside to stand up against Injun Joe. Everyone wanted one thing, to protect their loved ones and the only way to do that was t o unite. This similarity brought everyone together.

The Dinosaurs and Prehistoric Animals of Connecticut

U.s. Immigration Policy Policies Essay - 1284 Words

U.S. immigration policy has always been an important topic debated by Presidential candidates for decades. Immigration reform has been ignored by Congress, leaving decisions up to the President and Supreme Court. In the meantime, the hopes of about eleven million illegal immigrants in the U.S., as well as future rules for legal immigration, rest on the shoulders of those decision makers. Hillary Clinton and Donald Trump both agree that changes to U.S. immigration policy are needed; however, Donald Trump is taking a radical approach suggesting mass deportation and completely revamping U.S. immigration policy, whereas, Hillary Clinton is overlooking some issues and wants to continue to support the policy set forth by the Obama Administration. Regardless of who becomes President, they will have a hard time getting these issues passed through Congress. Deportation Donald Trump’s signature topic during his presidential campaign has been illegal immigration. He has generated headlines and controversial remarks during his plans for change. In 2015, when he announced he was running for president, Donald Trump claimed Mexico was sending all their rapist and violent criminals into the U.S. (Gabbatt, 2015). He also called for the deportation of an estimated eleven million illegal immigrants. Donald Trump has built his campaign on his willingness to deport a projected eleven million illegal immigrants; however, most recently his stance has changed. In a recent interview, Fox NewsShow MoreRelatedEconomics And Immigration : The Economics Of U.s. Immigration Policy964 Words   |  4 PagesEconomics and Immigration Immigration is a topic on everyone s minds these days. With presidential candidates vying for votes in debates and political campaigns, immigration has been talked about quite a bit. But what is truly known about immigration? Since it is such a divisive issue, it is hard to know what is true and what isn’t. Unfortunately, the information most readily available to us comes in the form of opinionated articles and biased speeches by presidential candidates. Because the informationRead MoreU.s. Immigration Policy Over Time1611 Words   |  7 PagesEssay Two (US Immigration Policy Over Time) 1. Essentially, the United States was built by immigrants, who sought to make a new life in a new land. In this case therefore, before the 1880s, almost anyone could move in to the United States. Immigration would only start to be controlled once the population began to grow. While the first Europeans from Britain arrived in America to avoid persecution, own lands, and work on agriculture etc, more would gradually follow for the same reason followedRead MoreEssay on Latin American Immigration and the U.S. Immagration Policy2091 Words   |  9 PagesImmigration has always been a contentious issue in the United States. Benjamin Franklin thought that the influx in German immigration would flush out the predominately British culture in America at the time. (5) Furthermore, a continual wave of foreign cultures began pouring into the American metropolitan areas at the turn of the 20th century. The migration of Italians, Poles, and Jews across the Atlantic Ocean began a mass assimilation o f cultural ideology and customs into the United States,Read MoreImmigration And The United States965 Words   |  4 Pages Immigration is a highly controversial and big problem in the United States today. â€Å"While some characterize our immigration crisis as solely an issue of the 11 to 12 million unauthorized immigrants living in this country, our problems extend beyond the number of undocumented people to a broader range of issues. The lack of a comprehensive federal solution has created a slew of lopsided, enforcement-only initiatives that have cost the country billions of dollars while failing to end unauthorizedRead MoreThe United States And The Civil Rights Movement903 Words   |  4 Pagesgrowing strength of the civil rights movement struck the attention of political figures that influenced calls to reform the U.S. immigration policy. In the 1920’s immigration was based on the national-origins quota system. The system assigned each nationality a quota, which rest ricted immigration on the basis of existing proportions of the population due to its representation in past U.S. census figures. The goal of the quota system was to maintain the existing ethnic composition of the United States. HoweverRead MoreThe Immigration Of The United States And Germany840 Words   |  4 PagesI. Introduction A. What is Immigration? i. Immigration is the act of coming to live permanently in a foreign country. ii. Constantine compares the desire to migrate to an urge , â€Å"People seem to be drawn toward those places which offer a promise of better- ing life, by an urge which is as relent- less as that which impels water in its course.† iii. Before the era of rapid communications and transportation, America encouraged relatively open immigration to settle its empty lands. B. Why Do PeopleRead MoreImmigration As An Ethical Issue1148 Words   |  5 PagesIMMIGRATION AS AN ETHICAL ISSUE 2 Immigration as an ethical dilemma has attracted decades of debate. It is an ethical issue that has not found a solution, and it does not appear that it will find one soon. Immigration debates may look interesting but the two antagonistic groups: those who support immigrant and those who oppose them seem to score equally with no solution (Kourtsounis, 2014). The groups that oppose immigration have strongly accused the government for allowing its borders to remainRead MoreImmigration Policy : A Permanent Legal Resident1284 Words   |  6 Pages Under the current immigration policy, immigrants struggle to enter the U.S. legally due to the limitation of becoming a permanent legal resident. One of the most common ways for immigrants to come to the U.S. is by a temporary work visa. However, in order to continue living and working in the U.S. after the specified period, immigrants must either apply for permanent residency or overstay their visa. Due to the nature of the arduous process of obtaining permanent residency, many immigrants chooseRead MoreImmigration Policy Historically Has Been Influenced By Our Country Essay1231 Words   |  5 Pages Immigration policy historically has been influenced by our country’s fear to uphold â€Å"traditional† American culture often rooted in a sense of anti-immigration and xenophobia. We perpetuate t his by allowing the criminalization of communities of color, mainly with the large Latino population in the U.S. A large portion of the immigrants who arrive in the country are fleeing dangerous homelands pitted with economic and political turmoil. Their situation is worsened by our country’s broken immigrationRead MoreImmigration : The Fundamental Aspect Of American Growth1395 Words   |  6 Pages Immigration: The Fundamental Aspect of American Growth Luis Herrera First Period AP Government February 19, 2015 â€Æ' Immigration: The Fundamental Aspect of American Growth All great empires in history have been rooted in a specific, defining set of characteristics, traditions, values, and perspectives that fuel society towards unity and comradery. This central set of practices and perspectives evolves with along with the people it pertains to and creates a culture that effects all aspects of the

Elearning Business Plan Free Essays

string(82) " of around 635000 inhabitants of our country who fall within the 19-60 age group\." DECLARATION OF ORIGINALITY OF WORK: I affirm that the attached work is entirely my own, except where the words or ideas of other writers are specifically acknowledged according to accepted citation conventions. This assignment has not been submitted for any other course at Robert Kennedy College or any other institution. I have revised, edited and proofread this paper. We will write a custom essay sample on Elearning Business Plan or any similar topic only for you Order Now Veronika Olenika, 10/08/2012 CERTIFICATION OF AUTHORSHIP I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and fully disclosed in this paper. I have also cited any sources (footnotes or endnotes) from which I used data, ideas, theories, or words, whether quotes directly or paraphrased. I further acknowledge that this paper has been prepared by me specifically for this course. Veronika Olenika, 10/08/2012 Midterm examination: Entrepreneurship Word count: 3016 (excluding bibliography, table of contents, appendices, exhibits) Page 1 Table of Contents 1 Executive Summary †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 1. 1 1. 2 1. 3 1. 4 1. 5 1. 2 Service †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 Business Case †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 Market Size †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Start-up costs †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 Pay-off †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Management Team †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 Business Plan †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 2. 1 2. 2 2. 3 2. 4 2. 5 2. 6 Overview †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 Business Model †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Market Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Financial Statements †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 General Strategy (Development Plan) †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 13 Competitive Advantage †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 15 Appendix 1 – Management Team †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 16 Exhibitsà ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 8 Bibliography †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 24 Exhibits’ List Table 1 Forecasted Income Statements †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 Table 2 Calculated Market Share †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Tab le 3 Survey Participants’ per Age Group †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 10 Table 4 Survey Results †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 0 Page 2 Table 5 Projected 3 years Income Statement †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 Table 6 Projected 3 Years Balance Sheet †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 12 Table 7 Projected 3 years Cash Flow †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 12 Figure 1 Survey Results †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 Figure 2 Forecasted break-even chart †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Figure 3 Start-up Roadmap †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 14 Figure 4 Calculated NPV for the start-up †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 18 Figure 5 Projected Monthly Financ ial Statement of Accounts for 2012/2013 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 18 Figure 6 Projected Monthly Financial Statement of Accounts for 2014 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 19 Figure 7 Projected Monthly Financial Statement of Accounts for 2015 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 0 Figure 8 Projected Monthly Income Statement for 2013 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 20 Figure 9 Projected Monthly Income Statement for 2014 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 21 Figure 10 Projected Monthly Income Statement for 2015 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 21 Figure 11 Projected Monthly Cash Flow 2012/2013 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 22 Figure 12 Projected Monthly Cash Flow 2014 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 2 Figure 13 Projected Monthly Cash Flow 2015 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 23 Page 3 1 Executive Summary 1. 1 Service ‘e-Individual Language Course’ is a new service for the market in my country. This services will help people who are willing to learn foreign languages (Russian, English, German, French, Italian, Spanish, Norwegian, Finnish and other languages) to accomplish this directly from their offices and/or homes with no need to go to the special course place and to spend time for the way to and from the course venue. 1. 2 Business Case Analysis of the market has revealed that the need in foreign languages knowledge is growing constantly. This is required for business expansion to other markets and in order to keep the competitive advantage of already existing businesses. It became obvious to the different people that foreign language knowledge is required to seize the lucrative opportunities. There is a plenty of proposals on the market for foreign language courses, but you have to arrive to a certain place – Language course office: 1. to join the group and the time of the course which is not always comfortable 2. o have an individual language course session for the price that is higher than for group training According to the recent research 81% of people are willing to learn the selected language individually and not within the group, however they are constrained with the price of the individual language session. The same research revealed that 90% of the aforementioned people are ready to take an advantag e of distance learning in order to save their time and to have the flexibility for other tasks and duties they are obliged to fulfill. Besides that, they are ready to pay slightly higher price that is defined for the group trainings and slightly lower price that is defined for the individual trainings. Figure 1 Survey Results Would you take a disctance learning course? 6% 1% 3% Would you select the individual language course if this would cost 2/3 from the current price? 1% 5% 13% 90% 81% Rather Yes Yes Rather No No Rather Yes Yes Rather No No Page 4 Our proposal: – To provide individual language course sessions at two thirds of the currently existing price on the market (15 EUR vs. 20 EUR excl. VAT) This potentially attracts to us 30% of currently lost market and also 50% of the people who are willing to change their educational sessions from group to individual approach. The forecasted Income statement is presented for your reference below, please refer to the 2. 4 Financial Statements Chapter for details. Table 1 Forecasted Income Statements Income Statement for years ended Dec-12 Sales (50% of average sales is expected in the first operational year) Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit befor Tax Taxes (35%) Profit/Loss after Tax Dec-13 Dec-14 Dec-15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ (10,000. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ (10,000. 00) â‚ ¬ â‚ ¬ (10,000. 00) â‚ ¬ â‚ ¬ (10,000. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 114,660. 00 (330. 00) (330. 0) (240. 00) (6,000. 00) (3,000. 00) (61,600. 00) (5,500. 00) (3,850. 00) (6,600. 00) (4,620. 00) 22,590. 00 (1,242. 00) 21,348. 00 (32,844. 00) (11,496. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 00) 73,020. 00 (1,242. 00) 71,778. 00 (32,844. 00) 38,934. 00 â‚ ¬ 176,400. 00 â‚ ¬ (360. 00) â‚ ¬ (360. 00) â‚ ¬ (240. 00) â‚ ¬ (6,000. 00) â‚ ¬ (1,200. 00) â‚ ¬ (67,200. 00) â‚ ¬ (12,000. 00) â‚ ¬ (4,200. 00) â‚ ¬ (7,200. 00) â‚ ¬ (4,620. 00) â‚ ¬ 73,020. 0 â‚ ¬ (621. 00) â‚ ¬ 72,399. 00 â‚ ¬ (32,844. 00) â‚ ¬ 39,555. 00 1. 3 Market Size The potential for the market is huge for the service proposed, due to the fact that we are not constrained with students and teachers physical presence at one place, these constraints are resolved by means of world wide web internet access and social networking applications like Skypeâ„ ¢ and others. However in order to start with a prototype for our service we are aiming to the audience of around 635000 inhabitants of our country who fall within the 19-60 a ge group. You read "Elearning Business Plan" in category "Essay examples" 0% of this amount has to know at least two languages due to the geographical position of the country and the services/products this country is focusing on, thus our audience is 508000 people. Let’s assume that according to the statistics only 3rd part of them has their own PCs Workstations, Notebooks or iPads, thus our audience now is limited to 152400 people. Page 5 These people will come from different areas, but due to the fact that the main service areas for our country are tourism, woods and IT services we do have a good opportunity for the service proposed. With the planned teachers’ capacity we will cover 7% (refer to Calculated Market Share) of the market per year with assumption that every customer will stay with us at least for one year. Thus, we have a very good outlook for our service extension. Table 2 Calculated Market Share teachers working days sessions a day capacity for one year* calculated market size % of the available market 8 230 6 11040 152400 7% 1. 4 Start-up costs Start-up costs for the service are 62’100 EUR to be prepared to start the business on a high quality level. The start-up costs include but are not limited to: – Company legal authorization – Office re-engineering/adaptation costs – Language programs’ adaptation for on-line sessions – Internet connection set-up – Office arrangements (furniture, stationery, etc. ) – Advertisement expenses The start-up investment will be covered by National Bank with Interest rate 2% and for 2 years deferred payment for the borrowed amount. 1. 5 Pay-off We are planning to break-even in 2 years and 10 months. The assumptions are as follows: – First operational year: Jan-Jun’13 in average 50% of planned sales are realized – First operational year: Jul-Dec’13 in average 80% of planned sales are realized – Second and subsequent operational years are operated on 100% of the planned sales level. Page 6 Figure 2 Forecasted break-even chart EUR, K 90 60 Potential Reward 30 Break-even 0 t Dec’13 Dec’14 Dec’15 Dec’16 Dec’17 -30 -60 Depth of hole NPV for the project covering 5 years forecast is equal 31’449. 0 EUR (please refer to the Figure 4 Calculated NPV for the start-up). 1. 6 Management Team The Managing Director and HR manager is a Project Management Professional since 2009 (PMIâ„ ¢) with extensive experience in IT company management. She is a second year ‘General MBA’ student at Robert Kennedy College, Switzerland. The Accountant is a professional accountant, with an extensive experience in accounti ng for more than 10 years, operating within the companies up to 250 employees. The Team Lead of the teachers’ group – English language teacher, graduate of the State University with extensive experience of educational programs development and courses conduction. (Please refer to the Appendix 1 – Management Team for detailed team members’ information) Page 7 2 Business Plan 2. 1 Overview Our ‘e-Individual Language Course’ service will tackle at least two issues: 1. Provides an opportunity to learn the foreign language individually at a lower price (2/3 from the current market price) 2. Provides flexibility in learning sessions due to individual approach to each and every customer we have. At the moment we are planning to have nine [9] languages in our service, these are: – English – German – French – Latvian – Russian – Italian – Spanish – Norwegian – Finnish The languages listed above are of a great interest for our inhabitants due to the reason that the main business focus of the country is Tourism. Another driver to learn the Scandinavian languages is an opportunity to find jobs in neighbor countries and to raise the level of living. One individual language session shall last for 60 minutes, i. e. one astronomic hour. The desired time of the session is agreed in advance with the teacher. The session itself is run via Skypeâ„ ¢ hence all the required files could be shared either thru the communication tool or via e-mail in advance. The communication tool, that we are planning to use is designed for video transmission, thus the teacher and the student will see and hear each other like they are in one room. 2. 2 Business Model The value proposition of the ‘e-Individual Language Course’ service is to provide our customers the high quality language course at lower prices than currently exists and schedule the sessions independently from student physical presence capabilities. Every language teacher has his/her own schedule, which has to be filled with six ‘one hour’ sessions in a timeframe from 8:00 until 22:00. Having such flexibility in a time table let both the student and the teacher to find the most appropriate time slot for the studies. Moreover, the studies’ sessions must not be scheduled always to one and the same timeslot, but could vary depending on the student availability. Another important thing is that student may select a number of sessions per week/month, so his/her studies will proceed in the most efficient way. Our teachers will provide a recommendation on the frequency of the language sessions/ lessons, however the final decision will always stay with the student. Page 8 An office space is a savings item for our start-up. We do not need to rent a big office and setup separate rooms for the individual or group language sessions, like our competitors do, due to the fact that teacher’s and student’s physical presence is required while the session. We will limit our office space to three rooms and our teachers will be placed in a so called ‘boxes’ in order they will be able to conduct the language sessions efficiently with their students and would not disturb their colleagues, working at the same time. In addition, for early mornings’ and late evenings’ sessions it is allowed to conduct these from teachers’ homes. The aforementioned saving is quantifiable. We will require 55 m 2 of the office space for all our employees, however if the physical presence would be required for students and their teachers, we would need at least seven 10 m2 spaces, meaning 90 m2 together with MD/HR and Accountant rooms. The price for the chosen office space is 10 EUR per square meter per month, when we are talking about the distance learning model. When the physical presence is required we are talking about the language office preferably in the city centre with much higher prices – 30 EUR per square meter per month. Thus there is an overt saving of 2150 EUR a month, 25’800 EUR a year. We do not consider our growth at the current moment. However, we do see the potential in extension of the languages’ set and the geographical extension, covering neighbor countries, due to the fact that we have a good knowledge of their language, because of our joint history during a long period of time (from 1917 till 1990). 2. 3 Market Analysis The respective market analysis has been performed. Our analysis has revealed a good potential for our opportunity of ‘e-Learning individual Course’ service. There are no language course companies with the similar proposals on the market at the moment, thus we are in a good position with our start-up from the market niche point of view. Our country population we are interested in is limited to 635000 inhabitants form the 19-60 years age group. 80% of this amount has to know at least two languages due to geographical position of the country and the services/products this country is focusing on, thus our audience is 508000 people. Let’s assume that according to the statistics only every 3rd has their own PCs Workstations, Notebooks or iPads, with respective internet connection and video facilities, thus our audience now is limited to 152400 people. These people arise from different areas, but due to the fact that the main service areas for our country are tourism, woods and IT services we do have a good opportunity for the service proposed. In order to confirm our assumption, the small survey has been held. The following questions were addressed: 1. Are you planning to take a language course within next year? 2. Do you need this for your professional growth/ opportunities? Page 9 3. Would you select the individual language course if this would cost 2/3 from the current price? 1 4. Would you take a distance learning language course? 2 5. If Yes, for Nr. 4: Would this save significantly your time due to unnecessary travel? 3 6. If Yes, for Nr. 4: Would this save significantly your time due to flexible individual schedule? 4 The number of people participating in the Survey was 650 from different age groups (19-60 years). Here is the breakdown of the participants per age-group: Table 3 Survey Participants’ per Age Group Age group Number per age group % per age group 19-25 225 35% 26-40 325 50% 40-60 100 15% You may look into the survey results below: Table 4 Survey Results Nr. Questions / Answers Rather Yes Yes Are you planning to take a language course 1 within the next year? 200 Do you need this for your proffesional growth / 2 opportunities? * 150 Would you select the individual language course if this would cost 2/3 from the current 3 price? * 80 Would you take a distance learning language 4 course? * 20 If Yes, for Nr. 4: Would this save significantly 5 your time due to unnecessary travel? * If Yes, for Nr. 4: Would this save significantly your time due to flexible individual 6 schedule? ** Rather No No 350 420 80 40 20 20 Rather Yes (%) 31% 24% Yes (%) 54% 67% Rather No (%) 12% 6% No (%) 3% 3% 510 570 10 35 30 5 13% 3% 81% 90% 2% 6% 5% 1% 300 236 44 10 51% 40% 7% 2% 120 400 50 20 20% 68% 8% 3% As you may see 85% of the survey participants are planning to take a language course within one year and 94% from them are ready to pay 2/3 of the price that currently is set for the individual lessons on the market. Moreover, our assumption that flexible schedule and time savings due to travel is also important to the respondents has been confirmed – 91% and 88% accordingly. The survey results above are very optimistic for our start-up, however in order to attract these people to our service we need to launch the respective advertisement campaign. Our focus for the advertisement campaign is as follows: 1 2 3 4 100% constitute the answers: ‘Rather Yes’, ‘Yes’, ‘Rather No’ 100% constitute the answers: ‘Rather Yes’, ‘Yes’, ‘Rather No’ 100% constitute the answers: ‘Rather Yes’, ‘Yes’ 100% constitute the answers: ‘Rather Yes’, ‘Yes’ Page 10 Adds within the public transportation, covering 35% of our potential customers (1625 age group) – Adds on radio/TV/Internet (social networks, e-mails), covering the 50% of our potential customers’ (26-40 years) – Post notes, cards, etc. delivered to the mail boxes, covering the rest 15% of our potential customers’ (40-60 years) We are planning to continue the advertisement of our service further in 2013 – 2015 depending on the outcome of the first advertisement phase, selecting one or two most effective advertisement channels. – 2. Financial Statements The following projected financial statements have been developed for the ‘e-Individual Language Course’ service, covering 3 years projection of business operations: Projected Financial Statements of Accounts (please refer to Figures 4 to 6 in Exhibits section, page 18 for monthly breakdown) Projected Income Statements (please refer to Figures 7 to 9 in Exhibits section, page 20 for monthly breakdown) Projected Cash flows (please refer to Figures 10 to 11 in Exhibits section, page 22 for monthly breakdown. – – The yearly summary for all the financial statements mentioned above could be found here: Table 5 Projected 3 years Income Statement Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit befor Tax Taxes (35%) Profit/Loss after Tax â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ Dec-12 (10,000. 00) (10,000. 00) (10,000. 00) (10,000. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ Dec-13 114,660. 00 (330. 0) (330. 00) (240. 00) (6,000. 00) (3,000. 00) (61,600. 00) (5,500. 00) (3,850. 00) (6,600. 00) (4,620. 00) 22,590. 00 (1,242. 00) 21,348. 00 (32,844. 00) (11,496. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â ‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ Dec-14 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 00) 73,020. 00 (1,242. 00) 71,778. 00 (32,844. 00) 38,934. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ Dec-15 176,400. 00 (360. 00) (360. 00) (240. 00) (6,000. 00) (1,200. 00) (67,200. 00) (12,000. 00) (4,200. 00) (7,200. 00) (4,620. 0) 73,020. 00 (621. 00) 72,399. 00 (32,844. 00) 39,555. 00 Page 11 Table 6 Projected 3 Years Balance Sheet Balance sheet as at 31-Dec-12 ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated Depreciation (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Retained Earnings (Profit/Loss) Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liab ilities Table 7 Projected 3 years Cash Flow 1-Dec-13 31-Dec-14 31-Dec-15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 23,100. 00 â‚ ¬ 6,300. 00 29,400. 00 21,800. 00 51,200. 00 (10,000. 00) â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 23,100. 00 â‚ ¬ (4,620. 00) 6,300. 00 24,780. 00 14,924. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 23,100. 00 â‚ ¬ (9,240. 00) 6,300. 00 20,160. 00 33,478. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 23,100. 00 (13,860. 00) 6,300. 00 15,540. 00 41,453. 00 56,993. 00 â‚ ¬ 39,704. 00 â‚ ¬ â‚ ¬ â‚ ¬ (21,496. 00) 61,200. 00 – 53,638. 00 â‚ ¬ 17,438. 00 â‚ ¬ 36,200. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 56,993. 00 56,993. 00 â‚ ¬ â‚ ¬ 61,200. 00 â‚ ¬ â‚ ¬ 51,200. 00 â‚ ¬ 39,704. 00 â‚ ¬ 3,638. 00 â‚ ¬ Cash flows statement for the year ended Operating profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net decrease in cash and cash equivalents Reconciliation 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 â‚ ¬ (10,000. 0) â‚ ¬ 21,348. 00 â‚ ¬ 71,778. 00 â‚ ¬ 72,399. 00 â‚ ¬ â‚ ¬ 4,620. 00 â‚ ¬ 4,620. 00 â‚ ¬ 4,620. 00 â‚ ¬ â‚ ¬ 1,242. 00 â‚ ¬ 1,242. 00 â‚ ¬ 621. 00 â‚ ¬ (10,000. 00) â‚ ¬ 27,210. 00 â‚ ¬ 77,640. 00 â‚ ¬ 77,640. 00 â‚ ¬ â‚ ¬ (1,242. 00) â‚ ¬ (1,242. 00) â‚ ¬ (621. 00) â‚ ¬ â‚ ¬ (32,844. 00) â‚ ¬ (32,844. 00) â‚ ¬ (32,844. 00) â‚ ¬ (10,000. 00) â‚ ¬ (6,876. 00) â‚ ¬ 43,554. 00 â‚ ¬ 44,175. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ ↚ ¬ â‚ ¬ (10,000. 00) â‚ ¬ (6,876. 00) â‚ ¬ 43,554. 00 â‚ ¬ 44,175. 00 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ (25,000. 00) â‚ ¬ (36,200. 00) â‚ ¬ â‚ ¬ â‚ ¬ (25,000. 00) â‚ ¬ (36,200. 00) â‚ ¬ (10,000. 00) â‚ ¬ (6,876. 00) â‚ ¬ 18,554. 00 â‚ ¬ 7,975. 0 â‚ ¬ (6,876. 00) â‚ ¬ 18,554. 00 â‚ ¬ 7,975. 00 Page 12 All the above financial statements have been calculated based on the following assumptions: The number of personal (11 people) requires at least 5 m2 of the working space according to our country’s labor law, thus the rent was calculated for 55 m 2 office space. Notebooks with headsets and respective software will be required for 10 out of 11 employees, due to the fact that the Managing Director/HR Manager will use her personal notebook during the start-up activities. The language programs’ adaptation costs will be spent and paid out during the preparation phase to the respective teachers in December’2012 The advertisement campaign will be launched in December 2012 to attract as many potential students as possible in order to fulfill our assumption for the teachers’ load for the first half of the operational year 2013 (50% respectively). – – – Considering all of the above our goal is to reach a break-even point in 2 years 10 months and to cover fully the initial investment that was assigned by the National Bank to the company within the same period of time. The Return on Invested Capital5 (http://www. accountingscholar. com/roic. html, accessed on 8-Aug-2012) for years 2014 and 2015 is 64% and 65% accordingly, what is really an impressive number for the service provider company. 2. 5 General Strategy (Development Plan) It is essential to define the major milestones for our start-up. At this major milestones we will cross check our actual Financial Statements with the forecasted ones in order to understand whether we are moving forward as planned or some adjustments are required. 5 ROCI=After Tax Net Income / Capital Invested Page 13 Figure 3 Start-up Roadmap 1 Business Plan is Ready 2 The funding is received 3 †¢ Office is available †¢ Language Programs are adapted †¢ Advertisements are designed and launched 4 †¢50% teachers’ capacity workload is reached †¢2013 H1 actuals are as forecasted 5 †¢80% teachers’ capacity workload is reached †¢2013 H2 actuals are as forecasted 6 2014 and beyond: actuals are as forecasted Milestone 1 – BP is ready: No doubts the current business plan is a prototype for one more detailed, however it gives the main idea of the opportunity, start-up and its potential development. Milestone 2 – The funding for the start-up is available. This is one of the milestones when the start-up really has a chance to grow into a business. The management team of the start-up has to use the available funds according their initial plan to reach their objectives. Of course, some adjustments could be required while moving to further milestones, but this one is a confirmation of the sustainability of your business by the investors/bank. Milestone 3 – Here we have to have a re-constructed office space according to the size we are planning to have, with all the facilities in place and working. The facilities in our case are of utmost importance, due to the fact that our ‘e-Learning Language Course’ requires very good internet connection (100 Mbs) and video transmission. The furniture and ‘office-boxes’ for our teachers have to be ready as well. In parallel, to reach Milestone 3 we have to adapt the standard ‘face-to-face’ language programs to the distant-learning programs. The last but not the least the advertisement has to be ready for launch via 3 advertisement channels mentioned in 2. 3 Market Analysis Chapter. Milestone 4 – Now we are in our first operational year. The responsibility of the managing director with the start-up accountant is to monitor closely the sales, expenses, teachers’ workload and respective financial statements. This is one of the major milestones in a way that if the expected sales are not as high as we have planned or the forecasted expenses Page 14 are higher and increase our operational losses we will have to make a weighted decision whether we have to stay on the market or close the start-up or to change our business model. Milestone 5 – Is another important milestone that is planned to be reached by the end of the first operational year of the start-up. The same rules as for Milestone 4 are applied here. Milestone 6 – Another check point for the start-up operations. We may consider our services extension and geographical expansion at this milestone in case we are proceeding according to the forecasted financial statements. As you may see from the top, our strategy is pretty simple and straightforward. We do see the opportunity for the ‘e-Learning Language Course’ service – the most difficult thing would be really to accomplish all the planned milestones one by one making the right decisions at every milestone. â€Å"Milestone reviews are pointless unless managers use them for making decisions. The decisions help planners determine what they can do to ensure success or reduce the cost of failure. † (Block and MacMillan, Milestones for Successful Venture Planning, 1998, Harvard Business Review, p. 132) 2. 6 Competitive Advantage At the moment there are no companies on the market, rendering the similar services, thus we are in a very good competitive position at the moment. However, due to the fact that this service could not be patented, we do expect that other companies from the educational branch will start to propose the same service to their customers. Hence our competitive advantage is the time and the quality – we are first on the market and we have the best teachers in our industry. Page 15 Appendix 1 – Management Team Managing Director / HR Manager Summary Major achievements during the last 5 years of my carrier in several words could be expressed as management, analysis and continuous improvement of the competence areas like Company Business Administration, Portfolio/Project Management, Company Operations and Financial Management. I possess management, business administration, leadership, analysis and communication skills developed up to high levels. Since 2006 I’ve contributed into successful project/program management practices, by means of introduction of a comprehensive estimation, planning and monitoring framework for company projects. It is worth mentioning that since 2007 more than 10 projects (up to 2m ? ) with multiple releases have been delivered to our customers successfully under my supervision and mentoring. Project Management Framework setup is another achievement I was able to accomplish. It is very important not only to detect the problems, it is much more important to make people understand that they have problems and o organize them in efficient way to resolve these. My personal Project Management experience as far as Project Management Professional [PMP] certification and participation in conferences and workshops enabled to accomplish this non trivial task. The last but not the least, I’ve put in order our Contract Management and Financial Management systems what resulted in tangible financial sa vings for the company and my current studies on General MBA program of University of Wales at Robert Kennedy College, Switzerland supported me in these endeavors. Education General MBA UoW – 2nd year in progress Master of Computer Science, Master degree in Telecommunications (Programming Languages, Math, Diploma on Characters Recognition) Bachelor of Radio electronics (Aviation, Electrical Circuits, Economics, Diploma on Transmission-Line Antennas) Social Skills Strong leadership and communication skills, experience being a mediator between management, customer representatives Page 16 Team Lead of Teachers’ Group Summary An articulate qualified English teacher who is able to effectively communicate with students from diverse backgrounds or varying degrees of ability. A committed and dedicated professional with a proven ability to teach, motivate and direct students to maximum performance by encouraging a positive and energetic environment. Teaching English Language Literature from KS3, KS4 and Entry level. Helping pupils to define and identify different types of verbs. Tailoring English teaching methods to suit the needs of individual students. Planning, preparing and delivering lessons to a range of English classes. Conducting up to 6 classes in one day. Marking work and giving appropriate feedback to pupils. Devising and writing new curriculum materials. Preparing pupils for external examinations, such as GCSE and A-level. Leading a group of different language teachers. Country State University, PhD in Modern Languages Master degree in English language and Literature Strong leadership and communication skills Able to use computer-assisted educational resources. Researching new topic areas and maintaining up-to-date subject knowledge. Able to teach vulnerable and sometimes challenging students. A committed and organized professional. Education Social Skills Page 17 Exhibits Figure 4 Calculated NPV for the start-up Dec’12 Year 2013 Year 2014 Year 2015 â‚ ¬ (61,200. 00) â‚ ¬ â‚ ¬ (11,496. 00) â‚ ¬ 38,934. 00 â‚ ¬ â‚ ¬ (72,696. 00) â‚ ¬ (33,762. 00) â‚ ¬ Year 2016 39,555. 00 â‚ ¬ 5,793. 00 â‚ ¬ Year 2017 40,176. 00 â‚ ¬ 86,145. 00 â‚ ¬ 86,145. 00 31,449. 00 Start-up investment Profit/Loss after taxes NPV 40,176. 00 â‚ ¬ 45,969. 00 â‚ ¬ Figure 5 Projected Monthly Financial Statement of Accounts for 2012/2013 Statements of Financial position Dec’12 EUR ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated Depreciation (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liabilities 23,100. 00 23,100. 00 (385. 00) 6,300. 00 29,015. 00 28,526. 50 28,526. 50 57,541. 0 23,100. 00 (770. 00) 6,300. 00 28,630. 00 28,143. 00 28,143. 00 56,773. 00 23,100. 00 (1,155. 00) 6,300. 00 28,245. 00 19,248. 50 19,248. 50 47,493. 50 23,100. 00 (1,540. 00) 6,300. 00 27,860. 00 18,565. 00 18,565. 00 46,425. 00 23,100. 00 (1,925. 00) 6,300. 00 27,475. 00 17,881. 50 17,881. 50 45,356. 50 23,100. 00 (2,310. 00) 6,300. 00 27,090. 00 8,987. 00 8,987. 00 36,077. 00 23,100. 00 (2,695. 00) 6,300. 00 26,705. 00 12,713 . 50 12,713. 50 39,418. 50 23,100. 00 (3,080. 00) 6,300. 00 26,320. 00 16,440. 00 16,440. 00 42,760. 00 23,100. 00 (3,465. 0) 6,300. 00 25,935. 00 11,955. 50 11,955. 50 37,890. 50 23,100. 00 (3,850. 00) 6,300. 00 25,550. 00 15,682. 00 15,682. 00 41,232. 00 23,100. 00 (4,235. 00) 6,300. 00 25,165. 00 19,408. 50 19,408. 50 44,573. 50 23,100. 00 (4,620. 00) 6,300. 00 24,780. 00 14,924. 00 14,924. 00 39,704. 00 Jan’13 Feb’13 ? m Mar’13 Apr’13 May’13 Jun’13 Jul’13 Aug’13 Sep’13 Oct’13 Nov’13 Dec’13 6,300. 00 29,400. 00 21,800. 00 21,800. 00 51,200. 00 61200 (10,000. 00) (10,000. 00) 61200 61,200. 00 61,200. 00 51,200. 00 (3,658. 50) (3,658. 50) 61,200. 00 61,200. 00 57,541. 50 (4,427. 0) (4,427. 00) (13,706. 50) (13,706. 50) (14,775. 00) (14,775. 00) (15,843. 50) (15,843. 50) (25,123. 00) (25,123. 00) (21,781. 50) (21,781. 50) (18,440. 00) (18,440. 00) (23,309. 50) (23,309. 50) (19,968. 00) (19,968. 00) ( 16,626. 50) (16,626. 50) (21,496. 00) (21,496. 00) 61,200. 00 61,200. 00 56,773. 00 61,200. 00 61,200. 00 47,493. 50 61,200. 00 61,200. 00 46,425. 00 61,200. 00 61,200. 00 45,356. 50 61,200. 00 61,200. 00 36,077. 00 61,200. 00 61,200. 00 39,418. 50 61,200. 00 61,200. 00 42,760. 00 61,200. 00 61,200. 00 37,890. 50 61,200. 00 61,200. 0 41,232. 00 61,200. 00 61,200. 00 44,573. 50 61,200. 00 61,200. 00 39,704. 00 Page 18 Figure 6 Projected Monthly Financial Statement of Accounts for 2014 Statements of Financial position Jan’14 EUR ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated Depreciation (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liabilities 23,100. 0 (5,005. 00) 6,300. 00 24,395. 00 21,290. 50 21,290. 50 45,685. 50 23,100. 00 (5,390. 00) 6,300. 00 24,010. 00 27,657. 00 27,657. 00 51,667. 00 23,100. 00 (5,775. 00) 6,300. 00 23,625. 00 25,812. 50 25,812. 50 49,437. 50 23,100. 00 (6,160. 00) 6,300. 00 23,240. 00 32,179. 00 32,179. 00 55,419. 00 23,100. 00 (6,545. 00) 6,300. 00 22,855. 00 38,545. 50 38,545. 50 61,400. 50 23,100. 00 (6,930. 00) 6,300. 00 22,470. 00 36,701. 00 36,701. 00 59,171. 00 23,100. 00 (7,315. 00) 6,300. 00 22,085. 00 43,067. 50 43,067. 50 65,152. 50 23,100. 00 (7,700. 0) 6,300. 00 21,700. 00 49,434. 00 49,434. 00 71,134. 00 23,100. 00 (8,085. 00) 6,300. 00 21,315. 00 47,589. 50 47,589. 50 68,904. 50 23,100. 00 (8,470. 00) 6,300. 00 20,930. 00 53,956. 00 53,956. 00 74,886. 00 23,100. 00 (8,855. 00) 6,300. 00 20,545. 00 60,322. 50 60,322. 50 80,867. 50 23,100. 00 (9,240. 00) 6,300. 00 20,160. 00 33,478. 00 33,478. 00 53,638. 00 Feb’14 Mar’14 Apr’14 May’14 Jun’14 Jul’14 Aug’14 Sep’14 Oct’14 Nov’14 Dec’14 (15,514. 50) (15,514 . 50) 61,200. 00 61,200. 00 45,685. 50 (9,533. 00) (9,533. 00) 61,200. 00 61,200. 00 51,667. 0 (11,762. 50) (11,762. 50) (5,781. 00) (5,781. 00) 200. 50 200. 50 (2,029. 00) (2,029. 00) 3,952. 50 3,952. 50 9,934. 00 9,934. 00 7,704. 50 7,704. 50 13,686. 00 13,686. 00 19,667. 50 19,667. 50 17,438. 00 17,438. 00 61,200. 00 61,200. 00 49,437. 50 61,200. 00 61,200. 00 55,419. 00 61,200. 00 61,200. 00 61,400. 50 61,200. 00 61,200. 00 59,171. 00 61,200. 00 61,200. 00 65,152. 50 61,200. 00 61,200. 00 71,134. 00 61,200. 00 61,200. 00 68,904. 50 61,200. 00 61,200. 00 74,886. 00 61,200. 00 61,200. 00 80,867. 50 36,200. 00 36,200. 00 53,638. 00 Page 19 Figure 7 Projected Monthly Financial Statement of Accounts for 2015 Statements of Financial position Jan’15 EUR ASSETS Non-current assests Computers, Cofee-machine, etc Accumulated Depreciation (straight-even, 5 years) Language Programs Current assets Trade receivables Cash at bank and in hand Total Assets EQUITY AND LIABILITIES Equity Profit/Loss Non-current liabilities Current Liabilities Borrowings (all bank overdraft) Trade payables Total Equity and liabilities 23,100. 00 (9,625. 00) 6,300. 00 19,775. 00 39,844. 50 39,844. 50 59,619. 50 23,100. 00 (10,010. 00) 6,300. 00 19,390. 00 46,211. 00 46,211. 00 65,601. 00 23,100. 0 (10,395. 00) 6,300. 00 19,005. 00 44,366. 50 44,366. 50 63,371. 50 23,100. 00 (10,780. 00) 6,300. 00 18,620. 00 50,733. 00 50,733. 00 69,353. 00 23,100. 00 (11,165. 00) 6,300. 00 18,235. 00 57,099. 50 57,099. 50 75,334. 50 23,100. 00 (11,550. 00) 6,300. 00 17,850. 00 55,255. 00 55,255. 00 73,105. 00 23,100. 00 (11,935. 00) 6,300. 00 17,465. 00 25,525. 00 25,525. 00 42,990. 00 23,100. 00 (12,320. 00) 6,300. 00 17,080. 00 31,995. 00 31,995. 00 49,075. 00 23,100. 00 (12,705. 00) 6,300. 00 16,695. 00 30,254. 00 30,254. 00 46,949. 00 23,100. 00 (13,090. 00) 6,300. 00 16,310. 00 36,724. 00 36,724. 00 53,034. 00 23,100. 00 (13,475. 0) 6,300. 00 15,925. 00 43,194. 00 43,194. 00 59,119. 00 23,100. 00 (13,860. 00) 6,300. 00 15,540. 00 41,453. 00 41,453. 00 56,993. 00 Feb’15 Mar’15 Apr’15 May’15 Jun’15 Jul’15 Aug’15 Sep’15 Oct’15 Nov’15 Dec’15 23,419. 50 23,419. 50 36,200. 00 36,200. 00 59,619. 50 29,401. 00 29,401. 00 36,200. 00 36,200. 00 65,601. 00 27,171. 50 27,171. 50 33,153. 00 33,153. 00 39,134. 50 39,134. 50 36,905. 00 36,905. 00 42,990. 00 42,990. 00 49,075. 00 49,075. 00 46,949. 00 46,949. 00 53,034. 00 53,034. 00 59,119. 00 59,119. 00 56,993. 00 56,993. 00 36,200. 00 36,200. 00 63,371. 50 36,200. 00 36,200. 00 69,353. 00 36,200. 00 36,200. 0 75,334. 50 36, 200. 00 36,200. 00 73,105. 00 42,990. 00 49,075. 00 46,949. 00 53,034. 00 59,119. 00 56,993. 00 Figure 8 Projected Monthly Income Statement for 2013 First operational year (2013) Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit befor Tax Taxes (35%) Profit/Loss after Tax Jan’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 00 (20. 00) (500. 00) (385. 00) 6,445. 00 (103. 50) 6,341. 50 6,341. 50 Feb’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 0 (30. 00) (30. 00) (20. 00) (500. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (665. 00) (103. 50) (768. 50) (768. 50) Mar’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â⠀š ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (8,211. 00) (9,279. 50) Apr’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (1,068. 50) May’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 00 (30. 00) (30. 00) (20. 00) (500. 00) (300. 0) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (1,068. 50) Jun’13 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 7,350. 0 0 (30. 00) (30. 00) (20. 00) (500. 00) (300. 00) (5,600. 00) (500. 00) (350. 00) (600. 00) (385. 00) (965. 00) (103. 50) (1,068. 50) (8,211. 00) (9,279. 50) Jul’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3,341. 50 â‚ ¬ â‚ ¬ 3,341. 50 Aug’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 0) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3,341. 50 â‚ ¬ â‚ ¬ 3,341. 50 Sep’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3 ,341. 50 â‚ ¬ (8,211. 00) â‚ ¬ (4,869. 50) Oct’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3,341. 50 â‚ ¬ â‚ ¬ 3,341. 50 Nov’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3,341. 0 â‚ ¬ â‚ ¬ 3,341. 50 Dec’13 â‚ ¬ 11,760. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (300. 00) â‚ ¬ (5,600. 00) â‚ ¬ (500. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 3,445. 00 â‚ ¬ (103. 50) â‚ ¬ 3,341. 50 â‚ ¬ (8,211. 00) â‚ ¬ (4,869. 50) Page 20 Figure 9 Projected Monthly Income Statement for 201 4 Second operational year (2014) Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit before Tax Taxes (35%) Profit/Loss after Tax Jan’14 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 0 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Feb’14 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Mar’14 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Apr’14 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 0 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 May’14 Jun’14 â‚ ¬ 14,700. 00 â‚ ¬ â‚ ¬ (30. 00) â‚ ¬ â‚ ¬ (30. 00) â‚ ¬ â‚ ¬ (20. 00) â‚ ¬ â‚ ¬ (500. 00) â‚ ¬ â‚ ¬ (100. 00) â‚ ¬ â‚ ¬ (5,600. 00) â‚ ¬ â‚ ¬ (1,000. 00) â‚ ¬ â‚ ¬ (350. 00) â‚ ¬ â‚ ¬ (600. 00) â‚ ¬ â‚ ¬ (385. 00) â‚ ¬ â‚ ¬ 6,085. 00 â‚ ¬ â‚ ¬ (103. 50) â‚ ¬ â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 5,981. 50 â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00 ) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Jul’14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 0) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ 5,981. 50 Aug’14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ 5,981. 50 Sep’14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ (8,211. 00) â‚ ¬ (2,229. 50) Octà ¢â‚¬â„¢14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 0) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ 5,981. 50 Nov’14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ 5,981. 50 Dec’14 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ (103. 50) â‚ ¬ 5,981. 50 â‚ ¬ (8,211. 00) â‚ ¬ (2,229. 50) Figure 10 Projected Monthly Income Statement for 2015 Third operational year (2015) Sales Electricity Utilities Internet Rent Advertisment Salaries (teachers) Salaries (managing director/ HR manager) Salary (Assistant) Salary (Accountant) Depreciation (equipment) Profit before Interset Interest (2%) Profit before Tax Taxes (35%) Profit/Loss after Tax Jan’15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Feb’15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 0) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 Mar’15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â ‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Apr’15 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 5,981. 50 May’15 Jun’15 â‚ ¬ 14,700. 00 â‚ ¬ â‚ ¬ (30. 00) â‚ ¬ â‚ ¬ (30. 00) â‚ ¬ â‚ ¬ (20. 00) â‚ ¬ â‚ ¬ (500. 00) â‚ ¬ â‚ ¬ (100. 00) â‚ ¬ â‚ ¬ (5,600. 00) â‚ ¬ â‚ ¬ (1,000. 00) â‚ ¬ â‚ ¬ (350. 00) â‚ ¬ â‚ ¬ (600. 00) â‚ ¬ â‚ ¬ (385. 00) â‚ ¬ â‚ ¬ 6,085. 0 â‚ ¬ â‚ ¬ (103. 50) â‚ ¬ â‚ ¬ 5,981. 50 â‚ ¬ â‚ ¬ â‚ ¬ â‚ ¬ 5,981. 50 â‚ ¬ 14,700. 00 (30. 00) (30. 00) (20. 00) (500. 00) (100. 00) (5,600. 00) (1 ,000. 00) (350. 00) (600. 00) (385. 00) 6,085. 00 (103. 50) 5,981. 50 (8,211. 00) (2,229. 50) Jul’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 â‚ ¬ â‚ ¬ â‚ ¬ Aug’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 Sep’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 0) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 Oct’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 Nov’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 Dec’15 â‚ ¬ 14,700. 00 â‚ ¬ (30. 00) â‚ ¬ (30. 00) â‚ ¬ (20. 00) â‚ ¬ (500. 00) â‚ ¬ (100. 00) â‚ ¬ (5,600. 00) â‚ ¬ (1,000. 00) â‚ ¬ (350. 00) â‚ ¬ (600. 00) â‚ ¬ (385. 00) â‚ ¬ 6,085. 00 6,085. 00 (8,211. 00) (2,126. 00) 6,085. 00 â‚ ¬ â‚ ¬ 6,085. 00 â‚ ¬ 6,085. 00 â‚ ¬ 6,085. 00 â‚ ¬ 6,085. 00 â‚ ¬ 6,085. 00 â‚ ¬ â‚ ¬ (8,211. 0) â‚ ¬ â‚ ¬ â‚ ¬ 6,085. 00 â‚ ¬ (2,126. 00) â‚ ¬ 6,085. 00 â‚ ¬ 6,085. 00 â‚ ¬ Page 21 Figure 11 Projected Monthly Cash Flow 2012/2013 Cash flows statements Operating profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation acti vities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net decrease in cash and cash equivalents Dec’12 Jan’13 Feb’13 Mar’13 Apr’13 May’13 Jun’13 Jul’13 Aug’13 Sep’13 Oct’13 Nov’13 Dec’13 (10,000. 0) 6,341. 50 (768. 50) (1,068. 50) (1,068. 50) (1,068. 50) (1,068. 50) 3,341. 50 3,341. 50 3,341. 50 3,341. 50 3,341. 50 3,341. 50 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 (10,000. 00) 6,830. 00 (280. 00) (580. 00) (580. 00) (580. 00) (580. 00) 3,830. 00 3,830. 00 3,830. 00 3,830. 00 3,830. 00 3,830. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) ( 103. 50) (103. 50) (103. 50) (8,211. 0) (8,211. 00) (8,211. 00) (8,211. 00) (10,000. 00) 6,726. 50 (383. 50) (8,894. 50) (683. 50) (683. 50) (8,894. 50) 3,726. 50 3,726. 50 (4,484. 50) 3,726. 50 3,726. 50 (4,484. 50) (10,000. 00) 6,726. 50 (383. 50) (8,894. 50) (683. 50) (683. 50) (8,894. 50) 3,726. 50 3,726. 50 (4,484. 50) 3,726. 50 3,726. 50 (4,484. 50) Figure 12 Projected Monthly Cash Flow 2014 Jan’14 Feb’14 Mar’14 Apr’14 May’14 Jun’14 Jul’14 Aug’14 Sep’14 Oct’14 Nov’14 Dec’14 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 385. 00 385. 0 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (8,211. 00) (8,211. 00) (8,211. 00) (8,211. 00) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 0 (1,844. 50) 6,366. 50 Operating profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net decrease in cash and cash equivalents 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (25,000. 00) (25,000. 00) (26,844. 50) Page 22 Figure 13 Projected Monthly Cash Flow 2015 Jan’15 Feb’15 Mar’15 Apr’15 May’15 Jun’15 Jul’15 Aug’15 Sep’15 Oct’15 Nov’15 Dec’15 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 5,981. 50 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 6,085. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 385. 00 103. 50 103. 50 103. 50 103. 50 103. 50 103. 50 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 6,470. 00 (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (103. 50) (8,211. 00) (8,211. 0) (8,211. 00) (8,211. 00) 6,366. 50 6,366. 50 (1,844. 50) 6,366. 50 6,366. 50 (1,844. 50) 6,470. 00 6,470. 00 (1,741. 00) 6,470. 00 6,470. 00 (1,741. 00) 6,366. 50 Operating profit Depreciation costs Interest payable Cash generated from operations Interest paid Taxation paid Net cash from operation activities Cash flows from investing activities Intangible assets (additions) Net cash used in investing activities Cash flows from financing activities Re-payment of Loan notes Net cash outflow from financing activities Net decrease in cash and cash equivalents 6,366. 50 (1,844. 50) How to cite Elearning Business Plan, Essay examples