Individual project Essay Example for Free

Individual project Essay Andy Rexford has started a cottage industry in his garage for catering for the niche market. Soon that market grows and so does his business. With this fast pace growth in the business Andy has expanded his business from one stitch machine to six stitch machine in the short period of time. Recently, Andy has developed a business plan which clearly states the good future growth and lots of financing required. Andy does not have much money of his own to invest in the business, so he is looking for the external financing sources. In this report, I will be discussing the different sources of external financing along with their advantages and drawbacks, and then I will be decided which source is the best for the Andy’s business. Sources of financing: There are various sources of financing the business but the most critical aspect is to understand which sources are appropriate for that particular business and how much finances do we needed. The assessment of sources is totally judgmental. Along with the judgment, it is also dependent on how willing he is to share the information about his business and ownership with others. Sources of finances are divided into 2 broad categories: -Internal financing -External financing. Andy’s savings and income are already been exhausted in the process of growth, and he requires more financing. To help Andy to take the decision wisely I will be discussing few external financing sources. External sources: External financing includes ownership capital and non-ownership capital. These two categories are divided into other several categories. For the business like Andy’s following three non-ownership capital financing is suitable. †¢ Banks †¢ Venture investors †¢ Small business association (SBA) Banks: They are the financial institution who lends the money to the businesses and individuals and charges an amount of interest against it. They are the hardest place to find the finances as the bank does not grant the loan very easily but the time is been changing now bank has come up many different loan schemes against which people are been given loans. A bank loan is considered as most desired mode of financing. People considered it as the most desirable because it is at times very speedy if you have good credit standing in the market you can get a loan in no time. Moreover, you can use that money in various ways and accountable for none. Although there are some advantages in getting a loan from the bank but there are some disadvantages as well. Disadvantages like, some loans carry a prepayment plenty so the borrower could not pay the amount early (Scarborough, 2006). Venture investors: Venture investors are those people who wealthy individuals, corporate and formal institutions who are willing to invest in the new business and growing businesses. In return for providing the capital to the businesses, they usually require a percentage of ownership in the company along with control over the strategic direction and payment assorted fees. Private equity provides capital and access to a network that can transform a company into an industry player, Karen E. Klein noted in Business Week. But the price is high: a chunk of your business. Like every other financing source, there are some advantages and disadvantages as well. The main advantage for the start-up business is that they are not obligated to repay the money. And the involvement of the high profile businessmen can also increase the credibility of new business. The main disadvantage an entrepreneur can have from the venture investor is that they become the part owners of the business, and thus they have the rights have a say in the decisions. The business owner faces a dilution of their position as owners and possible loss of power of controlling the business (Scarborough, 2006). Small business association: Small business association is the organizations in United States formed by the government that helps the entrepreneurs to start up their business. Small business association acts as the guarantor of loans for the people who do not qualify for the commercial loans. The advantages related to the small business association are that since it’s a government formed organization to encourage the businessman, they are charging very low interest rate as in comparison to the commercial banks. SBA takes a very quick decision regarding the approvals of loans to the people. There are many advantages attached to the SBA that makes it is desirable for the businessman but there is a gloomy side of this loan as well. Since its government loan no matter what happens to your business you have to pay off this loan before any other debt. Moreover, there is more paper work required than in commercial bank. The government wants to make sure that you are truly eligible for this particular loan or not. Andy’s source of financing: Andy should opt for the bank loan as it suits to the requirements of his business. Future of his business is very bright and there is a guarantee that his business will get double the size within next two years. So giving the ownership in his business would not be advisable if he wants to have all the profit, and he can have them as the matter of fact. As for the SBA, they have very long repayment schedule though the rate is a low but 20-30 years time period does not worth for that kind of loan. Since Andy only needs $700,000, which can be repaid within 2 years because the annual profit of Andy is 750,000. He can easily pay off this loan with 2 years. Hence it is suitable for Andy to take the bank loan. Conclusion: There are various sources of finances. Some financing can be done internally while some can be borrowed from others. In the case of Andy his earning is already been consumed in the expansion of the business. So it is suggested to him that he should take the bank loan because he does not need to give the ownership to the venture investors and does not need to give whole life to pay that loan. Bank loan will be the most desirable suggestion as Andy can pay this loan payoff this loan within two years. Moreover, he does not need to give any ownership to anyone.

Technology is the Solution to Overpopulation Essay -- Environment Envi

Technology is the Solution to Overpopulation About ten years ago while in a science museum, I saw a counter that estimated what the world population was at that given moment. Innocuous at first glance, since a number in excess of five billion is difficult to comprehend, what became alarming after watching the counter for a minute was the continual increase in the population. Thinking about the circumstances related to the population rise logically made the problem seem apparent. The earth is finite both in terms of physical size and in resources but the population is growing towards an infinite value. At some point the steadily rising population will move from being a problem that is geographically distant to one that is immediate and more salient than just an increasing value on a faceless counter. This problem of population growth leads to a number of solutions that could have significant implications on the quality of life. Taking no action and allowing population to grow unchecked could possibly risk the entire human species if food or clean water were to become unavailable worldwide. Aiming for zero population growth would in theory maintain the existing quality of life since a stable population would not increase their use of resources. However not all resources are renewable, so scarcities could still occur with a fixed population size. In an extreme case permanent resource depletion under zero population growth could have the same extinction effect that unchecked growth can lead to. Despite the escalating risk of unchecked population growth, technological advances necessitated by the increase in population will at least maintain the quality of life and could possibly improve conditions. Southwick in â€Å"Global Ecol... ...ould accept the fact that not all people of the world will be able to have a high standard of living but the potential for improved quality exists. This potential cannot be reached immediately since resources and population remain geographically separate and faster transportation would increase the spread of fatal diseases. Improvements in resource production such as increased crop yields makes it possible to support higher populations and improve the quality of life at least at a local level. References Southwick, C. H. Global Ecology in Human Perspective, Chapter 15. Oxford Univ. Press. (1996). World Health Organization â€Å"Frequently Asked Questions on Severe Acute Respiratory Syndrome (SARS),† Communicable Disease Surveillance & Response (CSR), March 24. (2003). World Health Organization . Retrieved March 29, 2004.

Speech as Xerxes

Greetings, subjects. My reign was sufficient and completely beneficial to the Persian society, I deserve this power as even Herodetus the Greek writer said with â€Å"among all these immense numbers there was not a man who, for stature and noble bearing, was more worthy than Xerxes to wield so vast a power. I deserved to take the throne, and it was Ahuramazda's will. Other sons of Darius there were, but thus unto Ahura-Mazda was the desire – Darius my father made me the greatest after himself.When my father Darius went away from the throne, by the will of Ahura-Mazda I became king on my fathers throne. I am of royal decent and Achmaenid blood runs through me as I am Xerxes, the great king, king of kings, king of lands, containing many men, king in this great earth far and wide, son of Darius the king, an Achaemenid, a Persian, son of the Persian, an Aryan, of Aryan seed. I have legitimate reason to access the throne. Greek writers have depicted me as an impetuous, arrogant an d sadistic madman.But this is the view of a Greek, not only are the Greeks inferior to me but they are also not going to give an accurate description, and are of course going to be bias. I destroyed parts of their beloved homeland so their views of me can be somewhat inaccurate because of their anger towards me. Greek writers have spoken of me as having negative aspects, but my inscriptions throughout my kingdom say otherwise as I take the good virtues that have been bestowed upon me by Ahura-Mazda. I took care of the revolts in both Egypt and Babylonia swiftly and successfully, with proper actions undertaken to teach the inhabitants a lesson.Egypt lost the privilige of self-government and local autonomy, and even though the Babylonians revolted twice because the first punishment wasn't as harsh, the second time they revolted they lost their Gods and in effect this stopped the revolts in the future. Greek writers described my actions towards the revolts as trying to crush their reli gions without thought, but they failed to mention that it is general practice of rulers in dealing with rebellious countries to destroy sanctuaries.As said in an inscription in Persepolis, when my father Darius went away from the throne, I became king on his throne by the grace of Ahuramazda. After I became king, I finished what had been done by my father, and I added other works. The palace through my building program became twice as big as it was in Darius's reign, there was an innovative design shown in Persepolis with the staircases for example. The palace was not a permenant residentual place, but rather an administrative centre and focus for religious ritual with there also being inscriptions that give details of religion.For the war on Greece, the correct decision was made that they must be punished for their assistance in the Ionians revolt so I made preperations for invasion over 4 years. First I decided to take diplomatic measures, so I sent out envoys to demand earth and water from the Greeks. But because Athens and Sparta were my target, I decided best not to ask for their submission but to just punish them and lay the assault on them. I demanded for my subjects of the provinces to send men for the army I was sending, this army was the largest in recorded history said by Herodetus and further determined by modern historians.I decided that the soldiers of my army needed easier movement, so there was a bridge at Hellespont built over the years in preperation. There was the matter of supplies and food for the many warriors that would travel to Greece, so supply depots were set up for easy access of supplies while travelling or waiting. I then entrusted the Egyptians with the task to make the materials to build a bridge across the Strymon River, the bridge was close to the supply depot at Eion. My father previously sent his ships to Greece unaware of the weather conditions, this resulted in a storm sinking the ships.I learnt from this mistake and built a canal at Mt Athos so the Persian ships could safely pass through. The attack on Greece began at Thermopylae and the cowards hid in the mountains not willing to fight with honor. It was then by the will of Ahura-Mazda that a Greek called Ephialtes came to me and spoke of a mountain pass that allowed us to surround the Greeks and crush their inferior soldiers, Herodetus told the story of the Battle of Thermopylae. After this victory I was then deceived by a Greek who told me that the Greeks were leeing, so the fleet was sent to Salamis and was ambushed unfairly. It was at this defeat I thought it best to retreat and protect the bridges which was the smarter decision in the situation, after this decision was made I left Mardonius in command of the forces and returned to Persia. To carry out my father's legacy I inherrited his foreign policy in which I was expected to further expand the Persian empire. The three things I was required to do through the foreign policy was to punish the Greeks, further expand empire the and to gain personal glory as my predecessors had done.Through the Greek campaign I accomplished the task that was inherrited, I punished the Athenians and burnt their city so my real goal was achieved, I also further expanded the empire to the East with the addition of provinces such as Thrace and Macedonia and I also added territory in the most distant Eastern provinces. Through the building program personal glory was in an obvious way achieved, and the palace in Perespolis showed this and left an impression even after my reign finished. It was also said by J.L O'Neil that I wasn't interested in military affairs and preferred building activities. Religious policy was properly taken out, as said in an inscription written by myself is that I copied the religion of my father Darius who recognised Ahuramazda as the supreme creator or God. More importantly, I recognise that I was king through the favor of Ahuramazda which was also said in an inscripti on. Doing this made religion an important political dimension and through this I was an instrument of Ahura-Mazda.I strengthened the religion shown in the â€Å"daeva† inscription which eliminated other Gods and made the â€Å"demon† Gods no longer worshipped. I was successful in what was expected of me as a Persian ruler, I demonstrated that I was fit to rule the empire and I continued my fathers legacy. Inscriptions throughout Persia said that even after the retreat from Greece my subjects still respected me and thought of me as a great king, showing that the loss did not damage Persian society.

Sophocles and Seneca´s Version of Oedipus Rex - 558 Words

Discussion Guide #2: The Differences in Translation of Oedipus The best way to view the translations of Oedipus the King by Sophocles and Seneca is to compare a sketch and a painting. Sophocles is an outline of the story that shows us the highlights in words that are easily digested and transcend through every time period. The word reverent, as spoken in class, applies due to its graceful nature of giving us moral values, while not over-sensationalizing the issues. During Seneca, we are given a violent, bloody, and visually stunning portrayal of Oedipus’ downfall. Each tell the story, but only Seneca features a long soliloquy, massive choral odes, and live-action suicide. He strokes thick, dirty detailed lines that show off the internal struggle of men, damning oracles, and dying cow fetuses. In order to compare the light strokes of Sophocles to Seneca, we first observe the display of Oedipus confronting the troubles that devastate his fatherland. The words given to his people who have gathered at the altar of Zeus, â€Å"My children, scions of the ancient Cadmean line/what is the meaning of this thronging round my feet/this holding out of olive boughs all wreathed in woe?†(5). It is not Oedipus who cries out for his of land, but the priest who takes on the task of reciting their miseries. Seneca introduces us to a king who speaks woes by internal reflection, â€Å"Can any man enjoy being a King? /A blessing? What a cheat! Behind the smile, the smooth front, agony!†