| 2(5)Profitability is evident do to increased sales from no motivation needed, but expenses are accrued from training. | 3(5)Some training and expenses are accrued from developing the hybrid approach and giving the hired individuals the knowledge on the product and company. | | Product Knowledge of Sales Team(3) | 1(3)Has hands down the biggest impact on product knowledge by providing a sales team that all have company and product knowledge. | 3(3)Least amount of product knowledge by hiring a third-party sales team unfamiliar with the brand and the products. | 2(3)Some product knowledge will exist from current sales members, but some training will be needed for new sales people.
The owner is held personally liable for any debts or obligations of the business and liabilities of any of its employees. Stock cannot be sold in the business and banks are hesitant to lend because of lack of credibility when it comes to repaying if the business fails, so raising money can be tough. * Income Taxes: The owner and the business are one in the same so the business is taxed collectively with the owner’s income. It is the responsibility of the owner to report income, losses and expenses in their personal tax form. * Longevity or continuity of the organization: The life of the business is limited to the life of the owner.
TASK 1 PART A SOLE PROPRIETORSHIP: A sole proprietorship is an organization in which the business is owned by a single individual. This is an easy organization to start, as the individual simply provides the goods or services, charges money, and begins doing business. The individual is also in charge of making all decisions involved with the business. In a sole proprietorship the owner and business are considered one, which can make it difficult to get the necessary funding as the owner must provide all personal financial statements. The owner is also held responsible for all legal and financial liabilities.
All partners share in the decision making for the business. A partnership agreement is usually established in order to delegate the responsibilities of each partner such as who will make decisions for the business, how will profits and losses be shared, how much money and time each partner will contribute and even a plan in the event a partner chooses to terminate their share of the business. The main advantage of this entity is that it allows more expertise as well as financial support in order to make a business grow. The main disadvantage is that just like the sole proprietorship, the personal assets of each partner will not be spared if the company faces financial
The business "passes through" it's earnings or losses to its partners. All partners pay their prospective share of taxes individually. Partnerships longevity can be short due to the limited availability to funding. Additional funding to a partnership comes from the personal assets of each partner. When partners can't get along and suffer from disagreements the business suffers.
When you do this you put your funds and calculations in the hands of someone who job is to make as much money as they can from a project. You would not know of what is applies to a bill is correctly calculated for that service. I just don’t think it is good practice when you can easily go out and get cost estimates from different companies and then have a vendor bid for a service based off your price estimate. On the other hand is you do have vendors computing support, if you have a good one that you give a lot of business to, there is always the opportunity for discounts based on past and future service, and you can probably make out well when you have someone who is sound and trustworthy looking out for both you and the vendors benefits.
I will say ahead of time that I believe Alpha’s term sheet is the better of the two, given that negotiation could be obtained though some clauses such as escrow shares, liquidation preference, compensation committee and board make-up. Although they seem to not have as high expectations for the company, they set forth provisions that protect themselves, but also seek to protect the founders. Moreover, The make-up of the investors in Alpha, dividend requirements, anti-dilution clause, information rights, voting system and type of security are more favorable. Differences and Similarities in Term Sheet Number of Investors Alpha’s term sheet displays the amount of investment from each investor in the pool. Alpha Ventures and Silicon Valley Partners are both investing $2.25 million.
Pros and Cons of Outsourcing Before you start outsourcing business operations, you should consider pros and cons of outsourcing. Often outsourcing is a way to save money, but there can be unexpected costs as well. The decision to outsource is certainly not one that any organization should enter into lightly. Reasons to Outsource Xtream IT - Full Service IT Solutions Not your typical outsourcing firm www.xtreamit.com Outsourced Procurement - National provider of Outsourced Procurement and MRO contracts www.supplyforce.com Axion Data Entry Services - US Managed Offshore Data Entry High Volume, Secure, US Company www.axiondata.com Pros and Cons of Outsourcing: The Good There are many good reasons to consider outsourcing. A few of the most significant advantages of outsourcing include: Cheaper Labor Possibly the most well known reason to consider outsourcing is to access cheaper labor.
As for the junior salespeople in Syntel, many techniques could be done to lessen its high turnover. * Provide opportunities for these salespeople to grow his skills, knowledge/expertise, and income. Although it does not mean promotion exactly. * Put a competent sales manager/s who will hold this team. They should have to be able to assess if they are providing the motivation, coaching, and resources needed for these salespeople to perform.
The motivations for applied research and development activities are usually explicit; the goal is to solve a particular problem or to make practical a particular product or service. Much of this work is done (and funded) by businesses with a clear duty to their owners to maximize profits. The motivations for basic research are much less clear, since the knowledge that is intended to be generated is not necessarily practical, and the outcomes are much less certain, and less certain to benefit the sponsor. Why do governments and other organizations decide to fund basic research? How do funders decide which basic research projects to pay for?