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Get The Best Essay Jon Franklin took much the same tack as a young journalist. Both men were often frustrated by editors who didn’t share their journalistic vision. But I believe it’s important to educate those editors, explain the kind of journalism you hope to do someday, give them examples of work you admire. But most of all, live up to their standards of absolute reporting accuracy and never let sloppy reporting or writing be an editor’s legitimate excuse for reining you in. Nearly all the knick-knacks on the shelves were gifts from people for whom they had done kindnesses. To simply have described these “status” details, as Tom Wolfe once called them, would have missed the point. It’s hard to lay out a set of rules for intimate reporting, because it comes in so many different forms. But the various forms and these selected articles still share many reporting methods â€" and we must be ready to borrow from them all. But cynicism â€" the refusal to take anyone at face value â€" is crippling for those who aspire to do intimate journalism. As journalists of a different cut, we shouldn’t have to apologize for that. It is the motivation of the anthropologist and the novelist, not the judgmental journalist or the self-righteous crusader. The artfulness required to do intimate journalism is not mostly a God-given skill, but craft. Otherwise, we make the mistake of assuming that some people just have the knack. Some people do have the knack, but much of artful journalism, whether or not it is for ordinary people, is simply hard work â€" craft. I know, because whatever artfulness exists in my journalism was acquired, not inherited. Stephen Crane once said that his only goal in writing Maggie, his novella about the life of a poor 19th-century girl, was to accurately describe her world. If she had gone this route, her story would have been different. Prior to submission for review, your name will be redacted to allow them to review the scholarship essay anonymously, thus ensuring an impartial and just review for all entries. All scholarship essay submissions must be sent via email toas a Microsoft Word attachment. Any essay sent in the body of the email will automatically be disqualified. My plan was to do a kind of humanized public affairs journalism, a dumbed-down social science for the masses. But as I went along during my first few years, I realized that I couldn’t make my stories capture the complexity and subtlety I saw in the events I was reporting. My stories were caricatures of reality, not portraits of reality, because I simply didn’t have the skills to capture what I knew to be before me. It’s the kiss of death for anyone aspiring to do intimate journalism to think of what he or she does as lighteners, brighteners or human interest stories. An experienced group of English teachers and editors will review and judge the essay submissions. Mark Kramer, a respected author and literary journalist, writes that “truth is in the details.” A still deeper truth is in the meaning of the details. Naturally, the basic rules of news journalism apply to intimate journalism â€" facts must be correct and context must be fair and accurate. Capturing a narrator’s voice and/or writing the story from the point of view of one or several subjects. In other words, writing from inside the heads of our subjects, trying to evoke their emotional realities â€" their felt lives. It would have had the quality of a real-life short story being played out before our eyes. Readers would have lost the breadth of many examples and the authority of the experts’ quotations, but readers would have gained in human depth, texture and evocation. The ideas, insights and tricks of the trade that I share here grow from two decades spent pursuing that acquisition. I came out of a social science background in college and graduate school and was poorly read in literature and “writerly” journalism.

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Get The Best Essay Jon Franklin took much the same tack as a young journalist. Both men were often frustrated by editors who didn’t share their journalistic vision. But I believe it’s important to educate those editors, explain the kind of journalism you hope to do someday, give them examples of work you admire. But most of all, live up to their standards of absolute reporting accuracy and never let sloppy reporting or writing be an editor’s legitimate excuse for reining you in. Nearly all the knick-knacks on the shelves were gifts from people for whom they had done kindnesses. To simply have described these “status” details, as Tom Wolfe once called them, would have missed the point. It’s hard to lay out a set of rules for intimate reporting, because it comes in so many different forms. But the various forms and these selected articles still share many reporting methods â€" and we must be ready to borrow from them all. But cynicism â€" the refusal to take anyone at face value â€" is crippling for those who aspire to do intimate journalism. As journalists of a different cut, we shouldn’t have to apologize for that. It is the motivation of the anthropologist and the novelist, not the judgmental journalist or the self-righteous crusader. The artfulness required to do intimate journalism is not mostly a God-given skill, but craft. Otherwise, we make the mistake of assuming that some people just have the knack. Some people do have the knack, but much of artful journalism, whether or not it is for ordinary people, is simply hard work â€" craft. I know, because whatever artfulness exists in my journalism was acquired, not inherited. Stephen Crane once said that his only goal in writing Maggie, his novella about the life of a poor 19th-century girl, was to accurately describe her world. If she had gone this route, her story would have been different. Prior to submission for review, your name will be redacted to allow them to review the scholarship essay anonymously, thus ensuring an impartial and just review for all entries. All scholarship essay submissions must be sent via email toas a Microsoft Word attachment. Any essay sent in the body of the email will automatically be disqualified. My plan was to do a kind of humanized public affairs journalism, a dumbed-down social science for the masses. But as I went along during my first few years, I realized that I couldn’t make my stories capture the complexity and subtlety I saw in the events I was reporting. My stories were caricatures of reality, not portraits of reality, because I simply didn’t have the skills to capture what I knew to be before me. It’s the kiss of death for anyone aspiring to do intimate journalism to think of what he or she does as lighteners, brighteners or human interest stories. An experienced group of English teachers and editors will review and judge the essay submissions. Mark Kramer, a respected author and literary journalist, writes that “truth is in the details.” A still deeper truth is in the meaning of the details. Naturally, the basic rules of news journalism apply to intimate journalism â€" facts must be correct and context must be fair and accurate. Capturing a narrator’s voice and/or writing the story from the point of view of one or several subjects. In other words, writing from inside the heads of our subjects, trying to evoke their emotional realities â€" their felt lives. It would have had the quality of a real-life short story being played out before our eyes. Readers would have lost the breadth of many examples and the authority of the experts’ quotations, but readers would have gained in human depth, texture and evocation. The ideas, insights and tricks of the trade that I share here grow from two decades spent pursuing that acquisition. I came out of a social science background in college and graduate school and was poorly read in literature and “writerly” journalism.

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Get The Best Essay Jon Franklin took much the same tack as a young journalist. Both men were often frustrated by editors who didn’t share their journalistic vision. But I believe it’s important to educate those editors, explain the kind of journalism you hope to do someday, give them examples of work you admire. But most of all, live up to their standards of absolute reporting accuracy and never let sloppy reporting or writing be an editor’s legitimate excuse for reining you in. Nearly all the knick-knacks on the shelves were gifts from people for whom they had done kindnesses. To simply have described these “status” details, as Tom Wolfe once called them, would have missed the point. It’s hard to lay out a set of rules for intimate reporting, because it comes in so many different forms. But the various forms and these selected articles still share many reporting methods â€" and we must be ready to borrow from them all. But cynicism â€" the refusal to take anyone at face value â€" is crippling for those who aspire to do intimate journalism. As journalists of a different cut, we shouldn’t have to apologize for that. It is the motivation of the anthropologist and the novelist, not the judgmental journalist or the self-righteous crusader. The artfulness required to do intimate journalism is not mostly a God-given skill, but craft. Otherwise, we make the mistake of assuming that some people just have the knack. Some people do have the knack, but much of artful journalism, whether or not it is for ordinary people, is simply hard work â€" craft. I know, because whatever artfulness exists in my journalism was acquired, not inherited. Stephen Crane once said that his only goal in writing Maggie, his novella about the life of a poor 19th-century girl, was to accurately describe her world. If she had gone this route, her story would have been different. Prior to submission for review, your name will be redacted to allow them to review the scholarship essay anonymously, thus ensuring an impartial and just review for all entries. All scholarship essay submissions must be sent via email toas a Microsoft Word attachment. Any essay sent in the body of the email will automatically be disqualified. My plan was to do a kind of humanized public affairs journalism, a dumbed-down social science for the masses. But as I went along during my first few years, I realized that I couldn’t make my stories capture the complexity and subtlety I saw in the events I was reporting. My stories were caricatures of reality, not portraits of reality, because I simply didn’t have the skills to capture what I knew to be before me. It’s the kiss of death for anyone aspiring to do intimate journalism to think of what he or she does as lighteners, brighteners or human interest stories. An experienced group of English teachers and editors will review and judge the essay submissions. Mark Kramer, a respected author and literary journalist, writes that “truth is in the details.” A still deeper truth is in the meaning of the details. Naturally, the basic rules of news journalism apply to intimate journalism â€" facts must be correct and context must be fair and accurate. Capturing a narrator’s voice and/or writing the story from the point of view of one or several subjects. In other words, writing from inside the heads of our subjects, trying to evoke their emotional realities â€" their felt lives. It would have had the quality of a real-life short story being played out before our eyes. Readers would have lost the breadth of many examples and the authority of the experts’ quotations, but readers would have gained in human depth, texture and evocation. The ideas, insights and tricks of the trade that I share here grow from two decades spent pursuing that acquisition. I came out of a social science background in college and graduate school and was poorly read in literature and “writerly” journalism.

Get The Best Essay

Get The Best Essay Jon Franklin took much the same tack as a young journalist. Both men were often frustrated by editors who didn’t share their journalistic vision. But I believe it’s important to educate those editors, explain the kind of journalism you hope to do someday, give them examples of work you admire. But most of all, live up to their standards of absolute reporting accuracy and never let sloppy reporting or writing be an editor’s legitimate excuse for reining you in. Nearly all the knick-knacks on the shelves were gifts from people for whom they had done kindnesses. To simply have described these “status” details, as Tom Wolfe once called them, would have missed the point. It’s hard to lay out a set of rules for intimate reporting, because it comes in so many different forms. But the various forms and these selected articles still share many reporting methods â€" and we must be ready to borrow from them all. But cynicism â€" the refusal to take anyone at face value â€" is crippling for those who aspire to do intimate journalism. As journalists of a different cut, we shouldn’t have to apologize for that. It is the motivation of the anthropologist and the novelist, not the judgmental journalist or the self-righteous crusader. The artfulness required to do intimate journalism is not mostly a God-given skill, but craft. Otherwise, we make the mistake of assuming that some people just have the knack. Some people do have the knack, but much of artful journalism, whether or not it is for ordinary people, is simply hard work â€" craft. I know, because whatever artfulness exists in my journalism was acquired, not inherited. Stephen Crane once said that his only goal in writing Maggie, his novella about the life of a poor 19th-century girl, was to accurately describe her world. If she had gone this route, her story would have been different. Prior to submission for review, your name will be redacted to allow them to review the scholarship essay anonymously, thus ensuring an impartial and just review for all entries. All scholarship essay submissions must be sent via email toas a Microsoft Word attachment. Any essay sent in the body of the email will automatically be disqualified. My plan was to do a kind of humanized public affairs journalism, a dumbed-down social science for the masses. But as I went along during my first few years, I realized that I couldn’t make my stories capture the complexity and subtlety I saw in the events I was reporting. My stories were caricatures of reality, not portraits of reality, because I simply didn’t have the skills to capture what I knew to be before me. It’s the kiss of death for anyone aspiring to do intimate journalism to think of what he or she does as lighteners, brighteners or human interest stories. An experienced group of English teachers and editors will review and judge the essay submissions. Mark Kramer, a respected author and literary journalist, writes that “truth is in the details.” A still deeper truth is in the meaning of the details. Naturally, the basic rules of news journalism apply to intimate journalism â€" facts must be correct and context must be fair and accurate. Capturing a narrator’s voice and/or writing the story from the point of view of one or several subjects. In other words, writing from inside the heads of our subjects, trying to evoke their emotional realities â€" their felt lives. It would have had the quality of a real-life short story being played out before our eyes. Readers would have lost the breadth of many examples and the authority of the experts’ quotations, but readers would have gained in human depth, texture and evocation. The ideas, insights and tricks of the trade that I share here grow from two decades spent pursuing that acquisition. I came out of a social science background in college and graduate school and was poorly read in literature and “writerly” journalism.

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Get The Best Essay Jon Franklin took much the same tack as a young journalist. Both men were often frustrated by editors who didn’t share their journalistic vision. But I believe it’s important to educate those editors, explain the kind of journalism you hope to do someday, give them examples of work you admire. But most of all, live up to their standards of absolute reporting accuracy and never let sloppy reporting or writing be an editor’s legitimate excuse for reining you in. Nearly all the knick-knacks on the shelves were gifts from people for whom they had done kindnesses. To simply have described these “status” details, as Tom Wolfe once called them, would have missed the point. It’s hard to lay out a set of rules for intimate reporting, because it comes in so many different forms. But the various forms and these selected articles still share many reporting methods â€" and we must be ready to borrow from them all. But cynicism â€" the refusal to take anyone at face value â€" is crippling for those who aspire to do intimate journalism. As journalists of a different cut, we shouldn’t have to apologize for that. It is the motivation of the anthropologist and the novelist, not the judgmental journalist or the self-righteous crusader. The artfulness required to do intimate journalism is not mostly a God-given skill, but craft. Otherwise, we make the mistake of assuming that some people just have the knack. Some people do have the knack, but much of artful journalism, whether or not it is for ordinary people, is simply hard work â€" craft. I know, because whatever artfulness exists in my journalism was acquired, not inherited. Stephen Crane once said that his only goal in writing Maggie, his novella about the life of a poor 19th-century girl, was to accurately describe her world. If she had gone this route, her story would have been different. Prior to submission for review, your name will be redacted to allow them to review the scholarship essay anonymously, thus ensuring an impartial and just review for all entries. All scholarship essay submissions must be sent via email toas a Microsoft Word attachment. Any essay sent in the body of the email will automatically be disqualified. My plan was to do a kind of humanized public affairs journalism, a dumbed-down social science for the masses. But as I went along during my first few years, I realized that I couldn’t make my stories capture the complexity and subtlety I saw in the events I was reporting. My stories were caricatures of reality, not portraits of reality, because I simply didn’t have the skills to capture what I knew to be before me. It’s the kiss of death for anyone aspiring to do intimate journalism to think of what he or she does as lighteners, brighteners or human interest stories. An experienced group of English teachers and editors will review and judge the essay submissions. Mark Kramer, a respected author and literary journalist, writes that “truth is in the details.” A still deeper truth is in the meaning of the details. Naturally, the basic rules of news journalism apply to intimate journalism â€" facts must be correct and context must be fair and accurate. Capturing a narrator’s voice and/or writing the story from the point of view of one or several subjects. In other words, writing from inside the heads of our subjects, trying to evoke their emotional realities â€" their felt lives. It would have had the quality of a real-life short story being played out before our eyes. Readers would have lost the breadth of many examples and the authority of the experts’ quotations, but readers would have gained in human depth, texture and evocation. The ideas, insights and tricks of the trade that I share here grow from two decades spent pursuing that acquisition. I came out of a social science background in college and graduate school and was poorly read in literature and “writerly” journalism.

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Definition Of Small And Medium Enterprises Finance Essay - Free Essay Example

The definition of small business differ by different country and by different industry. Small enterprise have limited employees, sales is also low and focus on certain localised business regions. Some of the small business are run by families. Most of the small or medium business are run by single owners, for example: a neighbourhood restaurant or a local bakery. Being small seems to bring them many advantages. The majority of businesses are considered small businesses and they currently employ 13.2 million people which accounts for greater than 58% of the UK private sector workforce (Connell,2007),and Mack(1999) also claims that virtually all the net new jobs being created are by small firms. Moreover, they play an important role in increasing the GDP of households. Haynes(2007) demonstrates that the wealth and income of households owning businesses tend to grow faster than ones that do not own businesses. Small businesses can be set up easily, entrepreneurs have their independence in making decisions and they do not need to consider others opinions. Small businesses serve fewer customers and usually have more frequent contact with those customers than large businesses. They also get the direct information from customers about what they like or dislike. Therefore, small businesses gain an advantage when customers have unique needs, want more individual attention, and are willing to pay a bit more for the product or service to obtain what they really want. On the other hand, all small businesses are not succeed. In fact, their failure rate seems to be higher than larger businesses. There is only one owner thus capital is very limited and difficulties in many areas become noticeable. As a result of having difficulty in getting loans from the banks. In the SAMs the main daily financial source is a from the customers. Some small enterprise have cash flow problems frequently due to customers who are late payers; some are closed down as a result of the inability to pay suppliers or debts in time. Additionally, over one third small businesses experienced cash flow problems during the past two years . Furthermore, depending on the size and nature of businesses, environmental legislations have brought them difficulties in seeking efficient environmental solutions such as sourcing environmentally friendly products and limiting manufacture waste. Further, one of the business needs is insurance, which provides an important means to handle busines s risks. In recent years, insurance has become hard to find for small businesses, is less affordable and gives less protection. Cash is like the blood in human body for all companies. So, the problem of financing is one of the most important issues in company operations. Appropriate and healthy sources of capital is the primary issue for an enterprise, especially for the SMEs. As policy, the reasons for their ideas, and SMEs own flaw, so that the financing channels for SMEs is relatively narrow, a shortage of funds has become a major bottleneck for the development of SMEs. This paper is trying to explore into the financing problems that SMEs face and provide some feasible sources of finance which can ease the cash flow pressures for SMEs. SMEs can be defined as having three main characteristics: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Companies are not quoted on a stock exchange they are unquoted ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Ownership of the business is typically restricted to a few individuals. Often this is a family connection between the shareholders ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Many SMEs are the means by which individuals (or small groups) effectively achieve self-employment When an SME is not growing significantly, financing may not be a major problem. However, the financing problem becomes very important when a company is growing rapidly, for example when contemplating investment in capital equipment or an acquisition. Few growing companies are able to finance their expansion plans from cash flow alone. They will therefore need to consider raising finance from other external sources. In addition, managers who are looking to buy-in to a business or buy-out a business from its owners, may not have the resources to acquire the company. They will need to raise finance to achieve their objectives. Sources of finance for SMEs There are a number of potential sources of finance to meet the needs of small and growing businesses: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Existing shareholders and directors funds (owner financing) ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Overdraft financing ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Trade credit ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Equity finance ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Factoring and invoice discounting ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Hire purchase and leasing ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Merchant banks (medium to longer term loans) Overdraft financing is provided when businesses make payments from their business current account exceeding the available cash balance. An overdraft facility enables businesses to obtain short-term funding although in theory the amount loaned is repayable on demand by the bank. There are several important factors to consider when assessing the appropriateness of an overdraft as a source of funding for SMEs: The amount borrowed should not exceed the agreed limit (facility). The amount of the facility made available is a matter for negotiation with the bank; Interest is charged on the amount overdrawn at a rate that is above the Bank Base Rate. The bank may also charge an overdraft facility fee; Overdrafts are generally meant to cover short-term financing requirements they are not generally meant to provide a permanent source of finance Depending on the size of the overdraft facility, the bank may require the SME to provide some security for example by securing the overdraft against tangible fixed assets, or against personal guarantees provided by the directors The amount of an overdraft at any one time will depend on the cash flows of the business, the timing of receipts and payments, seasonal trends in the sales and so on. For the past few years, apart from traditional financing as said above, a new form of financing was known as Trade financing. Its a popular method in order to solve the cash flow in the international trade. The trend is reflected partly in the growth in factoring volume. Trade finance gives you access to additional working capital and can help your business grow by funding the gap between the purchase and sale of a product or service. Trade finance terms are usually flexible and cost- effective, complementing existing banking relationships. Growth in open accout trade have implications to trade financing for SMEs ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Cash Flow financing vs Balance Sheet financing ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Knowledge in trade finance is waning among SMEs and some local banks (some even do not see trade finance as bank lending) ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Open account trade is less structured and leads to lower appetite for banks to finance due to risk concern, especially to SMEs who are weak in corporate governance and in weathering economic downturn ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Trade finance needs to be in different forms under documentary trade and open account trade, requiring investment in staff training, customer education and systems The Importance of Trade Financing: ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Making international trade easier to SMEs and allowing more new start-ups to participate in international trade ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Trade financing helps banks develop a complete picture of SME customers trade pattern, which would help long-term relationship development between banks and SMEs ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Trade financing encourages a more stable relationship between suppliers and buyers because trade finance tend to be less transactional and buyers and suppliers are always identified ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Less pressure in arranging unstructured revolving loans to SMEs in general Equity Finance is the money raised for company activities by selling common or preferred stock to individual or institutional investors. However, this method is not feasible for SMEs. So, its necessary to repeat more. Factoring also known as debt factoring involves selling invoices to a third party. In return they will process the invoices and allow to draw funds against the money owed to business. Essentially, these companies provide a finance, debt collection and ledger management service. It is commonly used by businesses to improve cashflow but can also be used to reduce administration overheads. Businesses that supply this service are called factors or debt factoring companies. Invoice discounting is an alternative way of drawing money against invoices. However, business retains control over the administration of your sales ledger. As well as providing finance, it offers valuable support services and credit insurance. Commercial banks as a group are the main source of external finance for SMEs. The characteristics of the banking system in emerging markets frequently inhibit SME lending. The root cause of this is could because most banks are state-owned in China. Histories of substandard lending may leave many banks with weak balance sheets. Significant shares of total credit are often allocated on the basis of government guarantees or under special programs to support targeted sectors. Banks may also be subjected to interest rate ceilings that make it difficult to price credit to SMEs in order to fully reflect the risk of lending to SMEs. In some countries, the authorities have been reluctant to allow banks to fail and the banking system was therefore supported by implicit or explicit government guarantees. Many banks may have ownership and other ties to industrial interests and, thus, tend to favor state-owned enterprises. If the banking system has possibilities to earn acceptable returns by lending to other borrowers, it will not develop the skills needed to do SME lending. If the formal banking system shows little inclination to lend to SMEs, there is little incentive for firms to produce credible accounts and operate transparently. The objectives for all SMEs are to motivate banks to make loans Risk awareness and high proportion of default in loan repayment from stop banks to grant loans to SMEs. It is necessary to establish a sound financial system for SMEs. Draw on marketing methods, popularize the corporate culture and the project dominant and development plan. It will attract banks who are willing to loan money to enterprises. However, the repayment of the first loan is very significant. This come down to the repayment terms problem. These do not just include how long the loan will continue and how much of each regular payment is of capital, and how much of interest, but also the circumstances in which the bank can call in the loan early. For instance, the terms may state that the entire loan should become repayable, with penalty interest, if more than two consecutive payments are late. At establish a sound financial system and the same time, SMEs should pay attention the long-term planning, draw up a financial plan for the development of the company. Importance of Financial Planning It is important to plan finances in order to reap long term benefits through the assets in hand. The investments that one makes are structured properly and managed by professionals through financial planning. Every decision regarding our finances can be monitored if a proper plan is devised in advance. The following points explain why financial planning is important. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Cash Flow: Financial planning helps in increasing cash flow as well as monitoring the spending pattern. The cash flow is increased by undertaking measures such as tax planning, prudent spending and careful budgeting. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Capital: A strong capital base can be built with the help of efficient financial planning. Thus, one can think about investments and thereby improve his financial position. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Income: It is possible to manage income effectively through planning. Managing income helps in segregating it into tax payments, other monthly expenditures. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Enterprise Security: Financial planning is necessary from the point of view of enterprise security. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Investment: A proper financial plan that considers the income and expenditure of an enterprise, helps in choosing the right investment policy. It enables the enterprise to reach the set goals. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Financial Understanding: The financial planning process helps gain an understanding about the current financial position. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Assets: A nice cushion in the form of assets is what many of all company desire for. But many assets come with liabilities attached. Thus, it becomes important to determine the true value of an asset. The knowledge of settling or canceling the liabilities, comes with the understanding of finances. The overall process helps enterprises build assets that dont become a burden in the future. ÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¢ Savings: It is good to have investments with high liquidity. These investments, owing to their liquidity, can be utilized in times of emergency. Planning of financial always helps enterprises in the long run. Conclusion ¼Ãƒâ€¦Ã‚ ¡ Financing have many ways. In the article, we say about borrowing from the bank, business owners, government aid and free market funds entered. We can be flexible to take these ways link together. However, the purpose of the financing is to do the business better and make the product better. Overall, enterprises must be integrated with each department to improve its effetiveness. Only through the effective financial management, the enterprises will not lose its creditbility and will become feasible in accessing bank loans and government aids. Since the Government have already recognized the importance of SMEs, more good policies have been released to help SMEs. Government have already taken several measures to help small and medium enterprises to get out of difficulties. Measures such as the SME Funds, the SME collection of bonds, equity loans, accounts receivable collateral loans, small loan companies,Security agencies and financial resources into the financing of the GEM Listing can be applied by the SMEs to ease their cash constraint. SMEs should select with discretion what are the best financing tools which suit them most. As emphasized previously, successfully seeking for the finance is nessary to integrate with an effective financial planning and its management if the achievement of the overall business success is to be reached.

Analysis of the Pros and Cons of Globalization - 1212 Words

Globalization Introduction The continued accelerating pace of change in globalization is forcing an entirely new level of emphasis on individualized, highly targeted marketing across the many regions and countries of the world. Global marketing today must contend with a wider array of constraints, both economic and cultural, that as ever been the case in the past (Gupta, 2003). These constraints fuel a high level of creativity and focus on how to overcome cultural and economic constraints through rapid product development lifecycles, exceptional levels of supply chain integration (Wu, 2011) and greater focus on relationship market over just selling with a transaction mindset alone (Hansen, 2008). The pros and cons of globalization of form the foundation of todays highly competitive global marketing arena, forcing many companies to be more focused on the strategic and long-range over the tactical while compensation for a rapidly changing cultural mix of factors (Osland, 2003). The pros and cons of globalization are evaluated and the unique factors of global marketing also analyzed. Analysis of the Pros and Cons of Globalization One of the most positive aspects of globalization continues to be the exponential increase in job creation and the development of increasingly more sophisticated, high speed supply chain management systems that drive entire industrys value chains. Globalization is extremely powerful in getting companies who had been very inward-centric andShow MoreRelatedNetflix: Flex to the Max1010 Words   |  5 Pagesmodel that has worked so well in the past and how can Netflix gain a larger consumer base leading to market share. Vantage Points Consider globalization as a potential area to gain market share Reassess high labor costs Explore a hybrid model of media-based and electronic distribution Diagnosis Pro-Globalization Netflix can consider globalization as a potential approach of gaining market share. 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