This website uses cookies to ensure you have the best experience. Learn more

Beyond A Business Venture Essay

725 words - 3 pages

A business venture
In our competitive entrepreneurial world today, it is always refreshing to see that amidst our everyday hustle and bustle, there are quite a number of business entrepreneurs who stand out most prominently above others.
Joseph McAlman and his wife jointly operate the popular Gee Qu Barber Shop and Hair Tech Salon located on North Road between Wellington and King Streets. Described as a ‘two fold’ business venture, this unique combination of cosmetology courses and cosmetology services include that of hair care, manicure and pedicure; as well as a means for young and interested persons to benefit from the six to eight months training in cosmetology, which is done at the ...view middle of the document...

At the beginning of this venture it was capital investment, followed by the need to be independent. Having been trained in Barbados, and his wife in England, they operated a salon in Barbados for some time until they moved to Guyana. Once here, the business was located at three different locations, before he was able to secure his own building. Again he stressed the necessity of a working business plan, a plan that can allow you to set reasonable goals and objectives, with a workable time frame to achieve these goals and objectives. Presently, albeit capital investment plays its role in the challenges, there are other issues such as competitive market, instability of the economy and the business environment itself. The competitive market leads to challenges arising when new and innovative ways of attracting students and customers are to be created.
The idea of a working plan has indeed added to their success; however it is not success that sets the business apart from the other like-minded businesses but rather their training programme in cosmetology. What makes this programme one of a kind is not that Mr. McAlman teaches his students or that his wife does the practical...

Other Papers Like Beyond A Business Venture

Bus 521 Week 9 Assignment 4

1160 words - 5 pages acquired before or by the break-even point of the Ready Clip business venture. The Ready Clip group would not eagerly pursue guarantees as a part of ventures capital structure due to the lack of a required track record and compensating assets to secure this type of financial underwriting. The Ready Clip Groups plans to utilize personal funding to further develop the venture to stimulate prospects interest for the buying-out of the venture and

Indonesian Fdi Entry Essay

860 words - 4 pages International Joint-Venture in Indonesia Introduction : Indonesia is a country that offers lot of business opportunities but also tremendous challenges. Indeed, it can be difficult for a foreign company to establish itself and navigate through the local business climate, this difficulty is reflected in the country’s ranking of 109th out of 189 countries in the World Bank Doing Business Report of 2016. Restrictive legislation, bureaucracy as

Role Of Venture Capital In Bangldesh

3834 words - 16 pages though they play a significant role they face problems in securing investment or manage finance to develop their ideas or to expand their existing business. It is not possible for Bangladesh to accelerate economic growth without catering to the financing needs of SMEs, Thus, the paper proposes the development of the venture capital industry as an additional financial intermediary to Cater to financing and non-financing needs of SMEs. The paper

Joint Venture Rough Draft

2199 words - 9 pages goal; especially gaining entrance into a new or foreign market (Joint Venture, n.d.) Unlike a proprietorship, partnership, or corporation, a joint venture is not a business organization, rather it is an agreement between parties for a particular purpose and usually with a specific timeframe; joint ventures are governed wholly by the legal agreements that brought them into existence. (Joint Ventures, n.d.) Single SHORT TERM GOAL? Pro and Cons of

Case Study

623 words - 3 pages million, plus cash of $20 million, in return for 80% of the common stock of the joint venture. The contributed intellectual property consisted of certain license agreements acquired by Apple in a business combination during fiscal year 2003. The license agreements had been recorded at fair value at the time of the business combination. • Berry contributed $20 million in cash in return for 20% of the common stock of the joint venture and an agreement

Foreign Direct Investment

1056 words - 5 pages Foreign Direct Investment Joining Forces Foreign direct investment methods · Investment in a joint venture in a foreign market · Mergers and acquisitions · Greenfield investment Reasons for foreign direct · Some governments prohibit or limit imports of goods produced in other countries · Producing goods in the target market avoids import duties and other taxes and the requirements for import permits · Companies can obtain the

Business Law

4137 words - 17 pages legal business after venture is established. * Accept equity stake in the new business for services. * On Retainer- client pays attorney a fixed amount every month, and the attorney handles all the necessary legal business that come up for that month. Hire an Accountant (pg.838) In a new business, the proper management of accounts receivable and accounts payable is critical for the success of a business. Companies rather have an accountant

International Hr

538 words - 3 pages quick access to channels of distribution, and they provide access for the non-resident partner to knowledge and know-how of the local marketplace, which substantially enhances the probability of success for the venture. The resident partner also often has existing relationships with key suppliers and customers, and proficiency in the local language and customs. These benefits can be especially critical to a small or medium-sized business that does

Busiess Structure

991 words - 4 pages an individual or multiple co-owners. There are three entities which align under a Corporation: General, Subchapter S and Limited Liability Company (LLC). General Corporation is the most common used corporation out of the three. This corporation is owned by stockholders as a legal entity to protect the business from creditors (KCI, 2009). Advantages * Tax-free benefits on individual tax returns * Unlimited life extending beyond health

Venture Capital

647 words - 3 pages explain why we have the competitive edge. The plan to use equity financing for our medical device company will simply allow us to share ownership of our business in exchange for money. Venture capitalists and angel investors are our target, as this will allow us to pay back the loan through a fixed duration of time so that we may focus on making the medical devices for the greater good of medical communities and their patients. (Go4Funding, 2010

Business Enterpreneourship

669 words - 3 pages Business Plan: Business plan is a document that is the outcome of an integrated process of making future plans for different organizational functions. More specifically, business plan is (1) A written document that details the proposed venture. (2) A description of all the facts, like the project, marketing, research and development, manufacturing, management, critical risks, financing and milestone of proposed venture. (3) A document written to

Related Essays

Case Study: Sheila Mason And Craig Shepherd

941 words - 4 pages pursue the venture within one year by utilizing the information and social network she gained from the company.  So the first barrier she need to tackle is to prove this new business is not in competition with ATS at all. Also she cannot speak with any current customers of ATS. These limitations will probably strangle the venture in embryo. Also, Mason had recently played golf with a colleague, who told her that if she ever left the company or

What Is Joint Ventures Essay

649 words - 3 pages . Most joint ventures take place between related companies that share a similar target market, but do not compete directly in the goods and services they offer. Benefits of a Joint Venture There are many reasons to consider jumping into a joint venture with another small business, including: * Access to a whole new target market through your JV partner * The ability to reach a larger market base through pooled resources * The

Competitive Advantage Essay

3479 words - 14 pages (such as organic, natural, or humane production), or have a value-added component (i.e. flavored meats, pre-washed salad mixes, etc.). Successful ventures perform a combination of business activities well, including marketing, production, distribution, finance, customer service, and/or other activities important to the enterprise. However, a competitive advantage is often a single key element that gives an edge to a business beyond what the

Management Essay

4431 words - 18 pages things. Knowing how to management conflict with proactive approach (minimize conflicts to happen) and reactive approach (resolve conflicts) is crucial for firms to be successful in joint venture relationship. Introduction on joint venture and internationalization: Definition of joint ventures: Joint venture in business world is a format of operating a business, this is not like sole trader totally owned by an investor or owner. It is more