Writing about Hospitality Industry Research Paper

Writing about Hospitality Industry - Research Paper Example With expectations built on prior basic research aided by an omnipresent internet spewing details with adventurous reviews, a revised marketing strategy focusing on the Price-Conscious, Hyper-Connected customer is but a priority. A multi-billion-dollar technology, E-Hospitality has provided an avenue of cultivating the ultimate customer experience, right from improved availability to accommodate travelers’ needs round the clock to the enlightening, participative forums where professionals share information in private chat rooms, with the possibilities of developing new friendships and/or business connections (Hatch par 3-4). The technology has enabled sharing of efficiency boosting experiences in terms of managerial capabilities, ethical dilemmas in the same, and ad targeting that reaches out directly to the travelers who are most likely to book reservations. The utilization of the innovative ideas is barely past the takeoff stage, with hotels sparingly replacing the traditional methodologies in their managerial aspects. The injection of advanced skills in technology into this particular industry is, however, fundamental in reducing costs [the main objective of business organizations] and conserving the world’s limited resources for a sustainable future (Nikolis par 2). Leisure professionals, therefore, have no choice but to adapt to the new reality to maintain

HR Law Research Paper Essay Example | Topics and Well Written Essays - 1750 words

HR Law Research Paper - Essay Example For example, the law prohibits the employers to discriminate an employee or deny him or her opportunity to benefits from the privileges of employment on the bases of sex, religion and color. This paper seeks to discuss Title VII and sexual harassment including Quid Pro Quo, Hostile Work Environment and Court Decisions. Title VII specifies that a violation is undertaken only when a sexual conduct is on the conditions of employment. One of the major types of sexual harassment is quid pro quo. This kind of harassment takes place when hiring, promotion, grading and salary increment among other aspects are based on the employee’s submission or rejection of sexual favors and advances. This implies that for a quid pro quo to occur, an employee is required to submit to sexual harassment from his or her seniors in order to be advantaged in the work places. In the same way, hostile work environment as depicted by Title VII occurs when harassment at the work place interferes with the duties of the employees thus altering their performance. It also occurs when the working environment is characterized by abusive and offensive language. To determine whether a working environment is hostile, Title VII depicts that an examination should be conducted to ascertain whether or not the conduct was physical or v erbal. Secondly, it is imperative to examine if the conduct was done on regular bases. Thirdly, as a manager I should conduct an examination as to whether the conduct was patently offensive or hostile. Fourthly, it is vital to examine whether the harassment in instigated by a supervisor or a co-workers. Fifthly, as a manager I need to examine whether other employees or supervisors of various departments were perpetrated in the harassment. Even though Title VII does not explicitly differentiate between hostile work harassment and quid pro quo, the application and the distinctions between these two forms of sexual harassment

Homework Essay Example | Topics and Well Written Essays - 500 words

Homework - Essay Example The procedure of PCR is useful because sometimes, during DNA tests and sampling procedures, more DNA than what is available is required. Biochemists find it very useful when they have large number of replicas of the DNA or nucleotides they are working at. Hence, they do not find it difficult finding the DNA, recognizing it during their experiments, and working with it. Restriction enzymes are used to separate the desired DNS from all others in case PCR is not applicable or recommended. These enzymes cut down segments of genomic DNA at particular nucleotide sites. To separate these DNA fragments, electrophoresis procedures are used. Small diameter capillary array gel electrophoresis provides quicker separation of fragments by the application of electric fields. This technique, which in this case is called pulse field gel electrophoresis (PFGE), involves many ways, one of which is electro elusion which involves the use of multiple electrodes located orthogonally from the agarose gel containing DNA which is sealed in a dialysis tubing containing buffer. Small pulses of alternate current are passed all the way through this gel, which results in gene separation from the gel piece. The DNA is still in the dialysis tubing, so it is easily discoverable. Another way of recovering the DNA from the gel is by using agarase to digest the agarose, which leaves behind the desired DNA which we can separate easily. 16s rRNA gene sequencing is used for the identification of bacteria and studying of bacterial phylogeny and taxonomy. The reasons why DNA sequencing can be used for this purpose are many. First of all, 16s rRNA gene is present in nearly all bacteria. DNA sequences are not found in other organisms. Second, since the functionality of 16s rRNA has not altered with time, this means that we can use its sequence changes as an accurate measure of time or evolution. In other words, when we have to identify a lot of diverse types of organisms, we require two main

The Diamond Model which has been penned down by Michael Porter Essay

The Diamond Model which has been penned down by Michael Porter - Essay Example This advantage is gained by the nation by increasing demand for that commodity by other nations. Either the nation with the competitive advantage has gained this edge because of the cheap labor available in their region, or it is due to the amazingly high quality of resources that are available within their region. The reason can be any - but once the competitive advantage has been gained, it goes a long way in helping the nation to rule the international market for that commodity and it even gives the nation the power to dictate prices at times, especially if there is scarcity of that commodity or the raw materials needed to make that commodity in other parts of the world, or if the commodity is a staple good or a fast moving consumer good. Thus, competition, in today's age, is not limited to domestic competitors. Rather, the competitors are now present worldwide for a single industry. Thus, Porter's model becomes the most comprehensive model available for this purpose only - to help nations make policies which will help them out beat their international competitors. 1. Firm strategy, structure and rivalry: Strategy is the way through which the nation aims to achieve its goals. If the nation aims to achieve strategic competitive advantage in four industries: wool, cotton, wheat and rice, then it need to work accordingly. Moreover, it also has to structure the domestic industry in a manner which instills competitiveness within the domestic players only, so that the overall industry can reach a higher level. Rivalry is the competition that is ignited within the local competitors, so that they work independently and also in groups to achieve the nation's policy of achieving global competitiveness in the international arena. 2. Demand conditions: A nation's policy on competitiveness around the globe will depend on the demand that exists for its products. The nation's industry can never stand out in a global sphere if the local demand does not match the international demand. If, for instance, the cotton produced in the local areas is of low quality and the local consumers are satisfied with that, then there is no scope for this industry to flourish internationally. This is because if the local demand is not demanding enough out of the industries, then they would never improve their level of quality, service or the elements that make a product from good to better to best. Thus, the more demanding the customers in an economy, the greater the pressure facing firms to constantly improve their competitiveness via different radical innovative product offerings etc. 3. Related and supporting industries: If an industry has to gain competitive advantage internationally, then it should also engage the support of the related and supporting industries. For instance, while making national policy, the related and supporting industries for the government would be the media industry, because of the amount of

Business Plan For Sandton Fitness Centre Marketing Essay

Business Plan For Sandton Fitness Centre Marketing Essay Sandton fitness centre and beauty spa is a new gym that is for everyone (male and female) that creates a comfortable environment for everyone to pursue their fitness goals. It is situation in Sandton at Johannesburg. Sandton fitness centre and beauty spa have the most satisfactory/best equipment, best personal trainers, dietician, special classes and psychologists. Sandton fitness centre and beauty spa is located in the urban where people have a very active life and very little time to spend on fitness and healthy life. Heart disease and obesity are on record high causing increase in health club demand. Low income market segment is ignored by key competitors in the market Club memberships in South Africa have increased every year since 1994 and a strong market makes a strong business. We are a solid investment because start-up sports gyms on average take in 1,000 new members per year. This will allow our business to break even in less than five years. Our club, Sandton Fitness Center will offer its members quality services and benefits that no other club can offer. We want to take investments and use them wisely in order to create a sports facility that pleases customers. In sports clubs, the top five most profitable programs/services are personal training, massage therapy, food/beverages, an aquatics program, and a tennis program. Our gym will provide all of these services and thus increase our productivity. We will build a large complex that will include a pool, personal training facilities, basketball courts, a day spa, tennis courts, and many other features to attract clientele. In Sandton were our fitness center will be situated has 20 to 64 year old population. This means not only that our clientele pools is large but that these people are experienced and have attained the socioeconomic status that will be needed in order to attain and maintain our service. In conclusion, our profitable new gym will be a coordinated effort among four aspiring entrepreneurs to create the ultimate in sports and leisure fitness. Company Description Sandton Fitness Centre and Beauty Spa are focused on teenagers (13+), young adults and adults. Sandton Fitness Centre has its different programs for different age groups. Sandton Fitness Centre is 55,000 square feet. It is located in 1560 Grayston Street, in Sandton. Sandton Fitness Centre and Beauty spa also have a childcare centre, where they look after children while their parents are busy with their workouts. The childcare centre can currently care for 40 children but only 10 infants. Sandton Beauty Spa is a new destination offering customers the combination of full body massage, waxing, body treatments, facials, manicures, pedicures, anti- aging treatments and lasers. Company history Fitness Centre and Beauty spa was created on 14 February 2007, to provide busy and working people with a fitness centre and a beauty spa. Fit centre and a beauty spa all combined surprised and made people excited. Fitness centre is privately financed by businessman and investors. More than 80,000 was invested into the company. The money covered equipments, advertising campaigns, flyers, posters, advertising an internet and to create a domain name. the company struggled for long, most people preferred the gym not the beauty spa, because they were complaining and worried about the costs. So the centre had to lower them a little bit. Sales were also less. So Fitness centre decided to make specials every after two months and on special occasions like Valentines Day and birthdays, but only on the beauty spas side. The gym price remains the same. At the end things got better. Mission statements Create members workout environment that promoters confidence in our clients. Fitness centre and beauty spa provides our members with beauty treatment at a fair price and competitive price, while providing with the high level of customers service and satisfaction. Our business is focused on everyone most especially celebrities who care a lot about fitness and looking good. Product and Services Fitness Centre and Beauty Spa Services are the following: Fitness centre has a professional personal trainer who will assist everyone in the gym. Our personal trainers assist you with a exercise program. Fitness Centre also has a qualified dietician who will help each member on his/her best and healthy food to eat. Inside the gym there are paramedics who are there to help people if may be a member gets injured or collapses, or any other sickness, they are there full time. Fitness Centre has also hired a qualified psychologist, who will help with lots of stress and encouraging them for a way forward to live a healthy life. Beauty Spa Services Full body massage Waxing Manicure Pedicure Anti ageing treatments Facials Lasers Offer creams and beauty product on sale Industry analysis Size The health and fitness market is very large and still growing more and more because of the health revolution people have become more health conscious in an effort to preserve and prolong their lives due to the fast pace living style of today. The fitness and health industry is a 40 billion dollar that is fast paced and innovative and highly competitive. In South Africa the market is not matured yet it is still in its infancy at the moment. Growth The international health and fitness industry has grown approximately 12% for the past decade with the exception with 2009 it decreased 3 % due to the slow down of consumer spending because of the global credit crisis. Locally the health and fitness industry has also grown especially because of the performance of one the leaders of the local health and fitness industry Planet fitness was voted the best performing companies of 2010 despite the slow down of the economy. Sales projection The over all industry is expected to only grow 10% because of the high unemployment and poor consumer spending meaning that people are reluctant to spend their money spending only on absolute necessities. Industry structure The South African health and fitness industry is dominated by a handful of large firms being Virgin Active, Planet fitness and Smart Gym. However these large health and fitness service providers are not exploring the entire market and meeting the specific needs that we have been able to identify in the market. They are to large to satisfy the distinctive needs of the entire market in terms of innovation and creativity and personalised serviced as well as the simplification of services. They are also slow to react to changes in the business environment as well as the new trends and developments in the world of health and fitness .For example the trend now is the simplification and ease of anything and everything that would complicate our life making use of creative and innovative ideas to increase life quality and prolong lives as long as possible. Critical Success Factors 1. Commitment At the Top. 2. Qualified Professional Staff. 3. Plan Then Proceed. 4. Location, Location, Location. 5. Right Size Right Cost. 6. Program to Match Needs 7. Effective Integration. 8. Right Price Minimal Discounts. 9. Commitment to Marketing and Sales. 10. Commitment to Outstanding Customer Service. 11. Measure, Manage and Measure Again. 12. Effective Communications with Members. Management Team and Company Structure The management team is comprised of all the founders of The Santon Health and Fitness Center Keleabetswe Sepengused, Marcelino Maliti Moises, Gonste Bokaba and Kgabo Lucia Mathibe. Director of Marketing and sales The director of marketing and sales is responsible for all the marketing of the company needs for example promotion, advertising, market research and sales Mrs. Keleabetswe Sepeng used to be the marketing and sales manager for Virgin Active from 2005 -2011 she will take charge of the same post in the new company. Mrs Sepeng is highly recognized in the industry and has a masters degree in marketing Chief Financial Officer The chief financial officer is responsible for the over all financial control and management of the company. The duties and responsibility involve creating control, managerial and evaluating measures for proper, ethical and legal financial control Mr. Marcelino M Moises will take the position of CFO Chief Financial Officer since he has the most qualified and has the most experience in the field after having worked for Planet fitness for over 10 years Mr. Marcelino has a Bachelor of Accounting Sciences and BA degree in Business Administrations Chief Executive Officer The chief executive officer is the highest position in the company, the duties and responsibilities of the CEO is the overall running of the entire organization, make decisions for the entire organizations .planning ,leading, organize ,controlling Mr. Gontse Bokaba will take the position of CEO Chief Executive Officer of the organization. Mr. Gontse Bokaba has worked for SAA South African Air Lines for more than 5 as the chief operations manager. Mr. Gontse Bokaba has a Master degree in Business Management Chief Operations Officer The chief operations officer is responsible planning, coordinating and managing the operations of the company theses include office administrations, overseeing that both products and services are Mrs. Kgabo Lucia Mathibe will exercise the position of COO Chief Operations officer or Managing Director because she has been the manager at a day Spar for many years so she has both insight and knows the beauty industry in and out. Mrs. Kgabo Lucia has a degree in Business Administrations and a master in Human resource management. As well as head the human resources department seeing as he has experience in recruiting and staffing. CEO Gontse DOM Keleabetswe CFO Marcelino COO Lucia Industry structure The South African health and fitness industry is dominated by a handful of large firms being Virgin Active, Planet fitness and Smart Gym. However these large health and fitness service providers are not exploring the entire market and meeting the specific needs that we have been able to identify in the market. They are to large to satisfy the distinctive needs of the entire market in terms of innovation and creativity and personalised serviced as well as the simplification of life. They are also slow to react to changes in the business environment as well as the new trends and developments in the world of health and fitness. Industry Trends Individual usage of fitness and health care training equipment has increased. Body work out and exercise has become a daily life routine of many people around the world in the last decade. Fitness memberships are increasingly getting popular in office environment around the world Companies are including health memberships as part of employee remuneration package. Long- Term Prospectus To ensure a continual development of the health and fitness industry in the country. To raise awareness of the increase of obesity and heart deceases in the country and to promote healthy living Market analysis Johannesburg is a capital city of Gauteng. It is the major harbor of South African business. All the major companies of business are based in Joburg. The current population of Johannesburg is 11million. All types of professions are found in Johannesburg. So, it is a competitive advantage to make business in Johannesburg. Market segmentation It focuses on fitness, health and beauty. Our target market when it comes to the gym, is for everyone especially families and for the beauty spa, our target market are young adults, male and female from the ages of 13-55 years. They have to earn a minimum of R3000 and more. For children between 13 and 20, parents have to be responsible for their membership. The money is going to be deducted every month in the parents accounts, for their childrens membership. The centre and beauty Spa would work very hard to see consumers being satisfied about what the centre delivers. Customers perceive more value from a good or service that seems to deliver more benefits for money. Market research will cover the following: customer needs, cultural elements, social connections, where family members, friends or associates can influence how, what, and when consumers buy, personnel elements, marketers for the fitness centre and beauty Spa. See opportunity in reaching young girls who are concentrating on their career and looking good when going to work and going out with friends, older women and men who are taking care of their health because of many diseases like obesity, high blood etc. Target market selection Target customers: the primary customer is children, young adults and adults. These customers are ages 12-65 years There approximately 3000 customers: 15% children, 50% young adults and 35 adults. 70%percent of young adults and adults are celebrities who spent most of their time at Sandton. Some of them homes are there. Competitors Analysis Our main competitors are Virgin Active, Planet Fitness and Smart gym Sandton Fitness Centre and Beauty Spa is the environment that is created in the facility. Our customers feel more relaxed and comfortable in a program that is focused on them. We have designed the childcare center to be visible from the main workout floor. Young mothers can oversee the child play while working out. Our main concern is to provide our customer with a direction who will organize each of our members healthy eating program and providing our members with a personal trainer who will ensure that a member do right exercise all the time according to his/her workout plan Marketing plan Sandton Fitness Center will focus on creating a brand image in the Johannesburg and Sandton area. We will Participate in the major events of health care awareness and education programs. Sandton Fitness Center will start by targeting low income segment of market downtown Sandton and Johannesburg area. We will convince people about the benefits and needs of wellness programs. This will be accomplished by aggressively pursuing interaction and relationships with peoples in public health awareness programs and by sending newsletters and emails through Social interactive websites like Face book, Twitter and Msn and Google messenger. Pricing Our prices and promotions are always subject to change especially when we take into account the fluctuating membership enrollments; however, for the most part our initial fees for our services will be R300 and R80 monthly for a general membership. We will also offer to customers the option of paying daily fees. This fee will be R50 charge for a days use of any service that our business provides. In addition we can offer to individuals the option of using exclusively our day spa for just one day. To use this option we will charge a standard fee of R25. For another pricing option we will give customers the option of paying an annual fee up front for R1, 100, this would be a saving of over R150. This move would benefit us as well considering we will see an immediate return on our investments allowing us to re-pay our debt quickly. This type of pricing will set us over many of our competitors rates; however the most important opponent will be outbid. Planet fitness, which comes closest t o what we provide, will be outbid by over R600 and other competitors do not offer the level of resources that we will sell to our customers. In this way we feel that the service we sell and the price we offer can overcome or compete heavily with every competitor in the market. PromotionPlan   We will attempt to use a variety of strategies in order to make contact with potential members. A fairly cheap and easily accessible form of advertisement will be the Internet. By running our own website, www.SandtonFitnessCenter.com we can reach a wide variety of customers. This is also a fairly cheap way in which to get our name out since it will only cost our company $9.95 to launch and run the site annually. Another cost effective way to market our name will be to have various sales promotions and use flyers to get the word out. By making use of the following mediums of communication newspapers, magazines, television and radio as the medium of advertisement. In addition they will print 5,000 brochures for creating awareness in the market about their health care services; they will be distributed in major health care seminars and events where officials from Fitness Plus will participate. Operational plan Service Execution Timeline: Sandton Fitness Center will follow this service execution model to enter in the health club market. General trainer payroll and even provide our members with online scheduling, registration, bill payment and more. Establishing and maintaining membership opportunities is essential to owning successful business and our business may have monthly specials or different membership level in order to maximize sales. Our online registration system allows families to complete registration 34/7 from any internet connected computer. We created custom club sign-up forms and website., process most types of payment, manage room to block and reservations, create name badges, auto sent reminder e-mails and mange our members over complete reports. Business Location Sandton Fitness Centre and Beauty Spar is located in Nelson Mandela Square at Sandton city, is only 25km from Johannesburg international airport Task February March April May June July August Choosing location Website development Hiring, training and admin staff Advertising Opening of health club Location: Sandton Fitness Center will start its business in main street area of Coral Gables; there is presence of already established health clubs such as Golds Gym and Coral Gables Adventure Boot camp. Legal Environment: There are no current legal obligations for Fitness Plus health club. Personnel: Fitness Plus will start with a total of 10 initial staff members that includes owners as well. Facilities and Equipment Fitness Centre offers a large selection of equipment: Treadmills (20) Bicycles (10) Steppers Stairmaster Body trek Cross aerobic trainer Weights Services: Sandton Fitness Center will provide following health related services: Aerobics Cycling Boxing Yoga Pilates Muscle Training Diabetes Obesity Control Beauty treatments eg. massages, pedicures, manicures, facials Benefits and Features: State of the art facility with latest equipment from quality manufacturers Low cost with monthly, quarterly and annual subscription plans. Personal qualified trainers to help our members achieving results without wasting much time Why people need this service? Health care and fitness club market in around South Africa have been serving to a high income segment of late. Average income of health club member is R 50000 as of 2006 survey. This leaves a large segment of low-income customers with unmet needs. Fitness Plus will primarily exist to provide health care facility to the lower income class without compromising on quality of service. Challenges: Fitness Plus will face a challenging situation in creating its brand image and attracting customers towards their services due to presence of already established players in the local market such as: Virgin Active Planet Fitness SmartGym Financial Plan Sources of Capital Investment requirement R5, 000,000 Total Investment R5, 000,000 Startup Expenses Health club development R1, 000, 000 Personnel R290, 000 Capital Expenditures R500, 000 Consulting Services R100, 000 Promotion R60, 000 Total Start-up Expenses R1, 950, 000 Our company, Sandton Fitness Center will meet capital needs by talking to various money sources. These sources will include family members, banks, venture capitalist, and personal savings. We hope to receive R5 million before we even begin our venture. By the first year we will be losing R2.4 million with an expected 1,000 members. By the second year we will have double our member to 2,000 and have a combined loss of R25 around 2.4 million including the first years losses. By the third year with 3,000 members, we will show a profit of R1 million. We hope by explaining this outlook to investors they will be convinced of our legitimate venture. Also by showing our belief in the company we each will invest R250,000. We project getting R3 million from venture capitalist and the rest of the money from a bank loan that would be paid off by the fifth year of operation. Pro forma Income Stament Projected Income Sandton Fitness Center Income Statement YEAR1 YEAR2 YEAR3 YEAR4 Sales R1,260,000.00 R 2,520.000 R3,780,000 R3,970,000 Net sales R1,260,000.00 R2,520,000 R3,780,000 R3,970,000 Gross Profit 0 R 1,077,520 R 1,267,521 Operating Expenses Payroll expense R551, 000.00 R551, 000 R 551,000 R 551,000 Payroll tax expense R38, 570.00 R38,570 R 38,570, R 38,570 Bad debts expense R194, 500.00 R194, 500.00 R194, 500.00 R194, 500.00 Promotional Expense R62, 009.95 R62, 009.95 R62, 009.95 R62, 009.95 Office supplies expense R220, 000.00 R220, 000.00 R220, 000.00 R220, 000.00 Utilities expense R120, 000.00 R120, 000.00 R120, 000.00 R120, 000.00 Insurance expense R200, 000.00 R200, 000.00 R200, 000.00 R200, 000.00 In-club entertainment R1, 000.00 R1, 000.00 R1, 000.00 R1, 000.00 Lease costs for building R1, 200,000.00 R1, 200,000.00 R1, 200,000.00 R1, 200,000.00 Depreciation expense, office equipment R15, 400.00 R15, 400.00 R15, 400.00 R15, 400.00 Maintenance and repairs expense R50, 000.00 R50, 000.00 R50, 000.00 R50, 000.00 Miscellaneous selling expense R50, 000.00 R50, 000.00 R50, 000.00 R50, 000.00 R2,702,479.95 R2,702,479.95 R2,702,479.95 R2,702,479.95 Other Expenses Building of pool R110, 000.00 Building of basketball courts R350, 000.00 Building of tennis courts R75, 000.00 Building of track and indoor soccer field R370, 000.00 Spa features R120, 000.00 R1,025,000.00 Net Income R 2,467,479.95 Projected Balance sheet Year 2009 Year 2010 Rm Rm Non-current assets Intangible assets Tangible assets Investments Taxation recoverable 237.6 121.9 2.0 4.9 366.4 260.3 137.5 2.8 5.9 406.5 Current Assets Inventories Amount receivable (debtors) Six-month deposits Cash and cash equivalents 24.3 134.7 90.5 249.5 26.6 146.9 2.0 105.3 280.8 Current liabilities Amount payable(creditors) Bank overdraft Net current assets Total assets less current liabilities (157.5) (62.6) (220.1) 29.4 395.8 (159.8) (40.1) (199.9) 80.9 487.4 Non-current liabilities Amount payable (creditors) Bank and other borrowings Provisions Net assets (2.6) 0.6 (22.2) 370.4 (2.7) (0.7) (20.2) 464.3 Capital and reserves Shareholders funds 370.4 464.3 Pro forma Cash Flows (3-Year) Sandton Fitness Center Plus Year 1 Year 2 Year3 Cash Received Cash from Operations Cash Sales R1, 230,000 R4, 940,000 R14,751,000 Cash from Receivables R0 R0 R0 Subtotal Cash from Operations R1,230,000 R4,940,000 R14,751,000 Additional Cash Received New Borrowing R1,000,000 R0 R0 New Other Liabilities (interest-free) $ 0 R0 R0 New Long-term Liabilities R0 R0 R0 Sales of Other Current Assets R0 R0 R0 Sales of Long-term Assets $ 0 R0 R0 New Investment Received R0 R0 R0 Subtotal Cash Received R2,230,000 R4,940,000 R14,751,000 Expenditures Expenditures from Operations Personnel R290, 000 R840,000 R940,000 Consulting Services R90, 000 R480,000 R480,000 Promotion R5,000 R6,000 R6,000 Subtotal Spent on Operations R385,000 R1,326,000 R1,426,000 Additional Cash Spent Taxes R32,290 R338,580 R1,302,500 Principal Repayment of Current Borrowing R0 R0 R0 Other Liabilities Principal Repayment R0 R0 R0 Long-term Liabilities Principal Repayment R0 R0 R0 Purchase Other Current Assets R0 R0 R0 Purchase Long-term Assets R810,000 R810,000 R1,345,000 Dividends R0 R0 R0 Subtotal Cash Spent R1,227,290 R2,474,580 R4,073,500 Net Cash Flow R1,002,710 R2,465,420 R10,677,500 Cash Balance R1,012,710 R3,478,130 R14,155,630 CONCLUSION Through the plan that we have outlined we feel confident that although a very intricate and complex process to start and run such a company, we can accomplish such an ambitious endeavor. We have analyzed the market, covered expenses, visualized a goal, and planned accordingly. Our company would be a sound investment because assets and collateral would insure re-payment and realistic projections allow for error if they are needed. To be realistic, we cannot guarantee a success, but as the proverb goes, A hero is one who knows how to hang on one minute longer and this is the entrepreneurial spirit that we will carry throughout the life of our fitness center.

How Birth Order Affects Personality Essay -- Why Birth Order Matters

In my family there are three kids, two boys and one girl. I am eighteen years old making me the oldest of the three. My sister, who is twelve, falls behind me. Lastly my little brother is just behind my sister at nine years old. I recently researched that the order of birth can have a huge impact on the personality of the children. I found it very remarkable that most of these traits where exhibited in my younger siblings and I! Although there were some exceptions, I found that most of the qualities that describe a first born in my research described me as an individual. First of all let’s start with the things I agreed with in my research about my personality. I read in Teresa’s â€Å"Birth Order Traits† that high achievers where first-borns. I think that this quality describes me in a couple of ways. I always try to look to the future, because it’s all that really matters. â€Å"Right now† is gone with every second, so we are going to meet the future soon enough. Because of this mindset I put all I have into the things I do, because even if right now it seems like it won’t matter in two years, it might. Would one rather have it do well for them or have it come back and bite them in the butt. With this thought in mind it results in me shooting for the stars, because at least on the way up I’ll hit a mountain, which is higher than where I am now. Another quality that describes me is that I’m very controlling (Dr. Gail Gross, â€Å"The Achiever, the Peacemaker and the Life of the Party), especially of my siblings. I’ve always tried to be a mini-parent to them, even though they don’t give me any respect. Even if I’m not with my siblings I always like to have control over a situation, including being a leader. For example, wh... ...y/development/social/birth-order-and-personality/>. ""Birth Order: What is "Birth Order"?." ." PBSKids . CastleWorks, Inc. Web. 14 Mar 2015. . Clifford, Isaacson. "Birth Order Plus." Birth Order Plus. Upper Des Moines Counseling Center, LLC.. Web. 14 Mar 2015. . Gross, Gail. "The Achiever, the Peacemaker and the Life of the Party: How Birth Order Affects Personality." TheHuffingtonPost.com. The Huffington Post, 23 dec 2013. Web. 14 Mar 2015. . Belkin, Lisa , and Emma Mustich. "28 Signs You." TheHuffingtonPost.com. The Huffington Post, 11 Nov 2013. Web. 14 Mar 2015. .

Palestinian Christians: The Unknown Victims :: Essays Papers

Palestinian Christians: The Unknown Victims Johnny Yousef George Thaljieh has become known as the "Martyr of the Nativity Church." He was not a suicide bomber or even a stone thrower, just a 17-year-old kid who belonged to the small Palestinian Christian minority that is often forgotten in what is seen as a war between Muslims and Jews. There was a shooting that day in late October 2001, as there often is between Beit Jala and the Jerusalem suburb of Gilo, but none near the Nativity Church. As his mother says, â€Å"Nothing was done to make the Israeli sniper think Johnny was a threat.† He had just been to church and was playing with his 4-year-old cousin in Manger Square when the bullet struck him with a fatal blow. When the siege at the Church of the Nativity ended and Johnny was forgotten, the Israel Defense Force (IDF) pulled its soldiers, tanks and armored personnel carriers from Bethlehem and lifted the curfew on the city. The remains were a fractured, disjointed and disoriented Christian community. Not only were a large number of Orthodox Christians affected directly by the closure of the Church of the Nativity, but the great majority of Christian Palestinians in general were indirectly affected by the days of curfew, and what they consider siege. Many feel abandoned by Europe and the US, humiliated by Israel, often rejected by their Muslim neighbors, and worst of all, they fear their society is just a few years from extinction. Despite the initial jubilation that erupted when Israel lifted its curfew after a 39-day grueling standoff between the IDF and gunmen holed up in the Church of the Nativity, reality has come crashing down on this community. Unfortunately, the Christian population of Bethlehem only serves as one example among many. Thousands of Palestinians throughout the Middle East and the world are subjected to prejudice and neglect. Often, they are not welcomed by their Jewish and Muslim neighbors, and are forced to live in communities of fear. Receiving no coverage and attent ion from the media, these Christians try day after day to survive in lands that have been forced upon them. Palestinian Christians are a people searching for an identity. An identity that has been lost in the turmoil of the Middle East. (Dan 14) The exodus of the Christians from the region of the Palestinian Authority acquires special significance when one realizes that the entire Christian-Arab population of Judea, Samaria and the Gaza Strip currently totals only 61,000, about 2 percent of the Palestinian population of about three million.