Organization Shall Ziaratgul Choose Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2190 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? As Ziarat gull dont have the required capital and financial resource to start up his business he would need external finance here to start new business he can borrow money from his friends and family. Friends and family who are helpful of the business idea offer money either directly to the Ziarat gull or into the business.   This can be faster and inexpensive to arrange (definitely compared with a regular bank loan) and the interest and payment terms can be more flexible than a bank loan. The other way which will help him to raise findings is the capital brought in to the business by the partners. Don’t waste time! Our writers will create an original "Organization Shall Ziaratgul Choose Finance Essay" essay for you Create order Leasing is the other option which will help him to raise funds for his venture. Leasing a form of rental he can take assets like vehicles, computers, tracking systems and office equipments on lease. A lease is an treaty between two parties the lessee and lessor. Lessor is the one who owns the assets and give his asset on lease. Lessee is the one who takes an asset on lease and in return make payments to the lessor. Task for p3: Please justify what will be the implications of your Choices suggested for question 1 2? There are going to be advantages and disadvantages of both the type of organization chosen by Ziarat gull that is partnership and the sources of finance through which he raises funds for his new venture that is borrowing from and family and leasing. Advantages of partnership ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢Partnerships are comparatively easy to start. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ With more than one owner, the capability to raise funds can be increased, together because two or more partners may be able to contribute more capitals and because their borrowing ability may be larger. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Potential employees may be attracted to the business if given the motivation to become a partner. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ A partnership may benefit from the mixture of complimentary talents of two or more persons. There is a broader pool of knowledge, skills and links. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Partnerships can be cost-effective as every partner specializes in certain parts of their business. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Partnerships provide moral support and will let for additional creative brainstorming. Disadvantages of partnership ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Business partners are jointly and individually liable for the activities of the other partners. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Profits need to be shared with others. You must to decide on how you worth each others time and skills. What occurs if one partner can put in less time due to private situations? ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Since decisions are shared, differences can arise. A partnership is for the long term, and expectations and conditions can vary, which can lead to dramatic and disturbing split ups. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ The partnership may have a narrow life; it may finish upon the withdrawal or death of a partner. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ A partnership often has limitations that keep it from becoming a huge business. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ You have to consult your partner and discuss more as you cannot make decisions by yourself. You thus need to be more flexible. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡  ¬Ãƒâ€šÃ‚ ¢ A key disadvantage of a partnership is unlimited liability. Overall partners are liable without limit for all debts contracted and faults made by the partnership. For instance, if you own only 1 percent of the partnership and the business flops, you will be called upon to pay 1 percent of the bills and the other partners will be assessed their 99 percent. Though, if your partners cannot pay, you may be called upon to pay all the debts even if you must sell off all your properties to do so. This makes partnerships too dangerous for most circumstances. Advantages of borrowing from friends and family Speed ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢One advantage of borrowing money from friends and family lies in its comparative speed in contrast to borrowing from traditional lending institutes. Borrowing money to start a business can take weeks or months when going through a bank; friends and family fellows may be ready to cut a check on the spot, based on the level of urgency involved or how much money you are requesting. Friends and family members can also simply pick up the telephone to request an instant bank transfer, with loans arriving in your account just a few hours later. Processing ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢When borrowing money from banks and other groups, youll normally have to show bulks of documentation proving to your credit worthiness. This may include gathering old bank statements, check stubs; tax returns even divorce papers and bankruptcy documents. Reference checks, several meetings with credit specialists and other hoops can make the procedure quite lengthy. An advantage to borrowing money from friends and family fellows is that the procedure is less complex. As they know and trust you, you will have less to prove before borrowing can still take place. Interest ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢Another advantage to borrowing money from friends and family is that you will likely pay lower interest rates and processing fees, making it inexpensive and speedier to pay back the loan. And certain friends and family members might decide not to charge interest at all. Altruism ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢Friends and family may take pride in lending you money for a worthy pursuit, such as beginning a business. This sense of altruism is the other advantage of borrowing money from loved ones. They will feel invested in your forthcoming success and will enjoy having played a vital part in helping you achieve your dreams. Disadvantages of borrowing from friends and family No Credit Reporting ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢When you take a loan from a bank, the lender can report your payment history to a credit agency. If you did not make timely payments and does not pay off the loan as agreed, it can negatively affect your credit score. However if you get a loan from a family member not from a bank, that info is not reported to credit agency. Reputation One of the disadvantages of borrowing from a family member is that if you default on the loan, your monetary reputation is not the only issue at stake. If you cannot return the loan as promised your family reputation is at danger as well. Borrowing from a family member can lead to suspicion and conflict disputes among family members if the debt is not repaid. Advantages of leasing (I) No Large Outlay The major advantage of leasing equipment is that the cost is spread over a number of years; there is no necessity for you to pay the whole amount upfront. This can significantly help uphold cash flow, which is serious to all businesses. Poor cash flow is the chief cause of business flops, and leasing can help you to keep it under well control. Leasing can also let you to use better equipment e.g. A more efficient ,faster ,more accurate product that would be very much expensive to buy outright. (ii) Security When you lease a product, it is still owned by the leasing firm, which means that they have better security on your finance. This means you are not likely to need any more security to be able to start a leasing contract, and so you have a much better chance of approval (passing the credit check) than with other methods of finance. (iii) Tax Advantages Lease rentals are considered as an working cost, which means that it is frequently possible to subtract them from taxable profits as a trading expense. Though, you should always check that the equipment which you are buying is qualified before agreeing to a contract. (iv) Budgeting As a lease agreement is almost always a fixed contract, it is quite easy to budget and estimate with. The amount can be functioned into your businesses budget much easily than an unevenly happening lump sum; allowing you to keep a much better control over present and future cash flow. In the event that you need an item substituting speedily, you can do so with a comparatively slight monthly adjustment to the budget, instead of a lump sum that could extremely harm cash flow. Disadvantages of leasing (I) No Ownership The chief disadvantage of leasing is that you never own the merchandise. It remains the property of the leasing company through and after the lease. As you do not own the merchandise, you are not able to sell it in the event it is no longer required, and you cannot upgrade to a newer or better product without either paying off the remaining contract, or paying a huge fee to abandon the contract. You also need to keep on paying a lesser lease cost, even after the cost of the equipment has been completely covered. (ii) Long Term Expense Although leasing allows you to evade paying a huge lump sum, over a long period of time it often works out considerably much more expensive. Over the passage of a standard lease, you pay the cost of the equipment and also the leasing companies charges. After the lease ends you need to keep on paying rental to use the product. This means that over a number of years, you will pay more than the real cost of the equipment without ever really owning it. (iii) Maintenance Even though you do not own the equipment that you lease, you are still accountable for its maintenance and repair. Unless you have specifically skilled and trained workers to fix the equipment, then this could prove very expensive in the event of a serious error. Certain leasing companies will allow you to cover the maintenance and repair charges for an additional sum. This is added to the monthly leasing cost. This will increase your monthly expenditures. Task for M1: How shall the fund be raised in this new Scenario? In order to expand their business they would need other sources of financed which are shown in the graph below imagesCA29DE9D.jpg Retained Profits: This is a source of finance that would only be available to a firm that already exists. Profits from a firm can be used by the owners for their own personal use The owner of Ziarat Gul bus services will have to decide what the best alternative for their business is. In the early stages of their growth, it may be necessary to put back a lot of earnings into the business. This finance can be used to buy new equipment and machinery or raw materials and hopefully make the business more efficient and profitable in the future Floating shares on stock market. Their business is already running successfully and they want to expand their business so they float their shares on to the stock exchange market to generate revenue which they can use to expand their business. Share capital is the money invested in a company by the shareholders. Share capital is a long-term source of finance. In return for their investment, shareholders gain a share of the ownership of the company. Plan and Savings: The owner of Ziarat Gull Bus services should consider business revenue as a source for financing. Make an expansion plan and then forecast how long it will take the business to save the money needed to finance it. If the schedule for expansion and the money saving forecast are well-matched, then plan on using business money to pay for the expansion. Tanks for M2: What shall be the modification in its legal status as a registered company? First it was Ziarat Gul Bus Service but to raise the finance Ziarat had to float his shares on the stock market, for that he had to bring some changes to the business. That is he gave his business a legal status to the business, hence the business is now called Ziarat Gul Bus service (pvt) ltd. This is because the control still lies in the hands of the owner as he had retained 51% of the shares of his business and floated 49% lies in the hands of shareholders Task for M3: Which Stock Exchange in Pakistan should it register with? Or why should it choose between ISE, LSE and KSE? They should choose KSE (Karachi stock exchange) because it has the most listed companies compare to the other stock exchange in Pakistan. Advantages: They will more opportunities in KSE. More effective trading. Huge market to float shares in. Large number of brokers. karachi_stock_exchange_20060904.jpg Task for D1: Will Mr. Ziarat Gul and his newly named company directly approach the share holders or is there a mechanism mentioned in your book that facilitates this process? Since Ziarat Gulls business is now a private limited company and has a legal status , he can now sell his business shares on the stock market. To reach the share holders he would have to go through a whole chain or path of the stock exchange. They will first go to over the counter(OTC) their shares will be floated on OTC. This is becouse this business is a newly established business and they cant compet with the other huge and successful businesses which are listed on the stock exchange. Mr. Ziarat Gull cant reach every share holder directly because it is dificult and time consuming task, so there should be a middle man who can connect the share holders and the owner, and for this there are brockers who connect both of them.

`` The Odyssey `` The Epic Story Of The Hero Journey

Heroes, as depicted in literature, often undertake the most difficult tasks and place themselves in mortal danger in order to bring back, for themselves and their societies, both knowledge and treasure. Their stories follow what Joseph Campbell calls the â€Å"Hero Journey.† The Odyssey, as the epic story of the hero Odysseus, follows closely the complete cycle of Joseph Campbell’s Hero Journey, both as a physical and as a psychological undertaking. The Hero Journey, used as a framework for both Odysseus’ physical and mental journeys, serves to bind the two together. Each of Odysseus’s physical difficulties can be viewed as a metaphor for a psychological hardship that he must overcome, and by overcoming these hardships, Odysseus†¦show more content†¦Odysseus’ journey begins twenty years prior to the start of The Odyssey. At home, he is called upon by Agamemnon to join the Atrides in a war to conquer Troy and return Helen to her rightful hus band, Menelaus. For one month Odysseus refuses to leave his safe home on Ithaca. We are not told of the rationale behind his final decision to join the war; however, we must assume that he believes he will be successful, returning home with many spoils of war. His decision to leave Ithaca 2 cannot be merely an external one: he is a young king, and while he rules his land with great strength, he is inexperienced (he does not wish to go off to battle (Book 24, ll. 126-128)). In part, his reasons for initiating his journey must include the experience and maturity he will gain fighting the Trojans. We can take the initial threshold Odysseus must cross to be the Trojan War itself. The war represents a first step for Odysseus—after all, while it is his trickery that eventually wins the war for the Achaeans (it was his idea to build the large wooden horse in which the Achean army hid and from which they successfully sacked Troy (Book 4, ll. 304-306)), we are introduced to Odysseus as â€Å"the man of twists and turns† (Book 1, l. 1). Cunning is a trait he already possesses: It cannot be the object of his journey; it merely starts him off. Yet he must initially survive the battle, and his survival proves hisShow MoreRelatedSundiata Essay971 Words   |  4 Pages Epics Sundiata was written in Africa. Gilgamesh was the oldest one written. Other works include the Iliad and the Odyssey, which were written by the blind prophet Homer. What do all these works of literature have in common with each other? The similarity that all these works of literature have is that they are all epics. What does this mean? What is an epic? 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Single Mothers and Higher Education Free Essays

Every day in America another woman becomes a mother. In an average year 4,248,000 women in the United States become mothers (Ventura, 2012). â€Å"One out of every three American children is born to a single mother† (Single Mothers 2006). We will write a custom essay sample on Single Mothers and Higher Education or any similar topic only for you Order Now With divorces still at 856,000 a year (Amato, 2010) thousands of children are suffering from single parent families. Divorce is not only hard on children but also women. Most women do not have higher educations before the divorce and this causes financial hardships. Due to this hardship women return to college in hopes to seek a higher education and be able to provide better for their children. The review of literature not only demonstrated the amount of stress one goes through but also the financial burdens they are faced with during this time. Literature came to show although the difficulties during these times were rough, but the outcomes were beneficial. Single Mothers and Higher Education If being a single mother is not hard enough, being a single mother going towards a higher education is even harder. Every day, women in America go back to school in hopes to achieve a higher education. Single mothers face many challenges when it comes to pursuing a college degree. These single mothers are not only working they are also care for their children and trying to achieve a higher education. In reports from 2011 37% of mothers were single parents (Postal 2013). Not only are these mother struggling these children of single mothers are also struggling. They are born into poverty and have a higher chance of becoming teen parents along with higher rates of drop outs during high school years. Higher educations for these moms are one way they can help their kids beat the odds. When being born into a single mother household yours odds are stacked against you. Right out of the gate you are â€Å"more likely to live in poverty and have poor development outcomes† (Postal, 2013). â€Å"Completion of an undergraduate degree is one way single mothers can mitigate the risk that they and their children will live in straitened circumstances† (Synnott, 2010). These challenges make it hard for single mothers to continue to push forward and some of them never see the end of the light where as others are able to finish and able to provide a life that would of never been possible without a higher education. Over the last four decades the rate of marriages have went down and the divorce rates have risen causing a large amount of single mothers to be left in this world to fend for not only themselves but also their children (McLanahan Casper, 1995). Reports back in 1999 showed that over 20% of families are being raised by single mothers (Capser Bryson, 1998). The struggles that one faces in a single parent family are larger than those who come from dual families. Single parents struggle with not only poverty but also have poor support systems. In 2000, 25% of single-mother and 12% of single-father families lived in poverty, compared with 5% of married-couple families with children† (U. S. Bureau of the Census, 2001). The average income for a single mother in 2011 Census was $23,000 (U. S. Bureau of the Census, 2011). With an income like this they are barely able to make ends meet and most of them are on some form of public assistance. Poverty is not the only issue when coming from single parent families adequate support is also a big issues. A lot of these children struggle in school due to lack of food, shelter or help at home. Although the government has put programs into place to help families who struggle with poverty these programs are just a temporary fix and when these women do get jobs they are barely able to make ends meet. Women who can get jobs have a hard time finding someone to watch their children. Most single moms don’t even make enough to cover a child care provider in order to make it to work. The quality of childcare is also at stake when you can only offer a small amount of compensation for their services. So more and more women are forced to stay at home and live off the government until they are able to achieve a better education, or they are forced to work more than one job in order to make it. More and more women now days are the sole provider for their households. Without a good job they suffer tremendously that is why higher educations are so important now days. In order to obtain a higher education there is a cost and a lot of single mothers cannot afford that cost. Single mothers fear they can’t keep their household up and pay tuition too. Money is one of the most common problems many single mothers orry about. The government has seen this time and time again and they have discovered that women do not go back to school because of lack of funds and they have built programs catered to single mothers so they can achieve a better education. Since the government has been able to fund programs to help pay for higher education they are able to help these women make it through t he system and come out on top. Not only has the government set aside special funds for single parents they have also put out scholarships and some colleges offer discounted tuition rates. In a recent report from Action Project out of New York City they found â€Å"over half of workers make less than $10 an hour, over 70% don’t get health insurance through their job, only 17% have a regular schedule, and just 25% have used a paid sick day. It may be little wonder, then, that single mothers earn less than half of what households with a married couple bring in – $32,597 compared to $71,830† (Walton 2012). Single mothers on average are making only ten dollars an hour they don’t even bring home enough money to cover their bills then they have to pay childcare which takes up half their checks (Walton 2012). Walton found that for an infant in childcare center it could cost as much as $20,200 a year in New York City (Walton 2012). Mind you these women are only making $32,597 a month that does not leave them much to live on during the year (Walton 2012). This is why it is very important for women to have a good solid education so they can make more than ten dollars an hour and can provide a better life for their family. Women who do go forward and get a higher education even if it’s just an Associate degree are better off financially. On average women who graduate with two-year degrees are earning an average salary of $34,960, and some earn significantly more (O’Shaughnessy, 2012). With a 4 year degree they can start off in the low 40’s (O’Shaughnessy, 2012). In the long run 4 year degrees tend to pay off the best for single mothers not only do they make more but better opportunities. Although there are some two year degrees can pay out too. A lot of degree’s in the medical field like nursing start to pay out after you have a 2 year degree but once you hit the 4 year degree your salary can increase tremendously (O’Shaughnessy 2012). Getting an education gives you a chance to move forward in life it also gives you opportunities that you would not have before. Now day’s jobs seek only those with a degree whereas before you could get into places without it now they demand it. Although it’s still possible to make a good living without a degree you are better off in the economy today to get one. Over the years more and more programs have been put out there to help aid single mothers. These programs promote education and show them their dream can become a reality. When a single mother who makes $22,000 a year looks at college and sees one class cost anywhere from 400-1200 a class they don’t think it will ever be possible (Walton 2012). Many programs have been put into place though to help them through this rough patch in life and help them achieve their goals. San Joaquin Delta College has a grant in place called the Cal Grant this grant covers as much as 50 percent of your cost for school† (Parrish, 2013). In order to receive this grant you must have a certain GPA. Another one of their programs they have which helps pay for tuition makes you be involved in the community programs to be eligible. Another great program that college also has is miracle mile association which helps single mothers though college with private donations. Another great program that was started at this college by a student who received the miracle mile was the Dome of Hope. Gwendolyn Primous was a student who got the grant and got inspiration to help others achieve the same goal of getting a higher education. Gwendolyn Primous stated: â€Å"I want to help people,† she said. I want to help them with their education and provide mobile tutoring. I want to help prepare people for work and break the cycles of habitual unemployment and working the system† (Parrish, 2013). It’s because of people like her who have been in the shoes and walked the life of poverty that understand the importance of these programs and the need to have them in place. Another great grant that has been offered to students who have overcome social and economic obstacles to obtain a higher education is the CONNTAC inc scholarship (Helen. 009). It provided students with 10,000 dollars to obtain a higher education. This program sees the obstacles one faces in order to get where they are and they want to help make the path easier by helping financially. A program called the Jeremiah Program has been put into place to allow single parents to achieve a higher education and fight the poverty they have been living in. This program was developed in 1998 with the philosophy â€Å"that mothers who succeed can life entire families out of poverty† (Quinton 2013). They have living quarters for these women to live in during their education and the women who start out there make no more than ten bucks and hour but after graduation they are making almost twenty dollars an hour. It’s amazing what this program does for these women. This program not only gives them an education, but a better life for their children and family. There are many other grants out there for single mothers people just have to look and have to want to do all the paperwork to get them. Another well-known program is Pell-Grants. These are based on your income and do not have to be paid back. The max Pell-grant is 5500 a year, although this is not enough to pay for college it can sure help along the way and cut down on the amount you have to pay† (Parrish, 2013). Last would be government subsidized and un-subsidized loans these are loans that are not based on your credit and can help you pay for your books, tuition and college related expenses. The key though is they do have to be paid back and the interest on these loans does add up. There are several ways to pay for college and many financial advisors out there to help you achieve the goal you just have to want to do it. These forms of loans can add up fast and when you have to repay them after college you can find yourself in a bit of a bind with the interest rates. It’s good to have these as a backup but grants and scholarships are always a better route to go. As post-secondary education is not always the easiest to achieve it is something that once you earn it no one can take it away. Zahn found in his studies in 2004 that those who go forth to get a 4 year degree improve the economic status for single mothers (Zahn 2004). Due to the amount of single mothers more and more studies have been done to show the importance of higher educations. With the advanced career more jobs will be offered to you. If you have a degree you are more likely to be chosen for an interview than someone who just has a high school diploma. The employer looks at those candidates as someone with specific expertise in that field. When it comes between degree or no degree employers see the candidate as someone who is goal orientated and someone who will succeed because degrees are not just handed out. By obtaining the higher education you will be looked at in new ways and have a better chance at a better job. Statistics just another word for a set of numbers people fall into on a daily basis. The U. S. Census Bureau found that women are becoming the lead breadwinners for their families (U. S. Census 2011). Of these female readwinners two thirds are single mothers (Rampell 2013). â€Å"The single mom statistics which was carried out in the United States reveal that there are almost 13. 7 million single parents as of November 2009. These single parents are responsible for providing for around 21. 8 million children. Out of this figure an estimated 26% are of age 21† (U. S Census Bureau of 2009. ) With these numbers being so high it covers a large percent of our population. Single mothers are hardworking i ndividuals that if given the right opportunities can go far in life. With all the new programs they have out to help single mothers go to college and achieve a higher education it’s sad more people don’t jump on the band wagon and stick to it. A lot of people find excuses and I feel they truly don’t want to better their lives. Out of 12. 2 million single parent families in 2012, more than 80% were headed by single mothers (US Census Bureau, 2009). With single mother hood on the rise its our job to open their eyes and see the benefits of achieving a higher education and the opportunities that will be available if they are to achieve this goal. There are many ways we can help single mothers walk across that stage and reach that ultimate goal. Donations are always a great way to get there. Most the time single moms don’t go back to school because funds are tight and they can’t afford to take care of children and get an education. With donations to programs like miracle mile association women are able to go back to school and get that education they deserve and their children are able to have a more financially stable house hold. It’s never easy no matter what age you go back to school but just knowing your cost are taken care of is a huge burden lifted so you can focus more on the education and less on the how am I going to pay for it. Another great way we can help is to make people more aware of these programs because a lot of people don’t know they exist. Spread the word and let people know that this goal can be achieved in these little steps. Also being a support network for someone who has gone back to school can be a big help too because it is scary and it is hard to get back into the swing of things, but with help it is possible. How to cite Single Mothers and Higher Education, Papers