Feasibility Report Essay Example for Free

Feasibility Report Essay The company will sell custom-made cakes, cupcakes and coffee. The revenues from the business will come from the sale of decorated cakes and cupcakes, as well as coffee for customers who visit the shop. The business will raise revenue from service: cake decoration and creation of the centerpieces of many of the most remarkable occasions of the lives of clients. Service revenue will come from different customized cake designs, decoration and bake creations. The business will use many different designs as discussed by Graham (2007) and Wilson (2011). The major revenue source during the initial year will be service revenue, including drink, cakes, and cupcakes sales. The business includes walk-in service. It will have two ordering delivery channels; phone orders and via online ordering. In addition, parking bays will be provided at a fee. The projected revenue from parking bays will be $75000 per year. The revenue from the sale of cupcakes, cakes and drinks is projected to be $100000 yearly. The revenue from custom-making service will be $50000 annually. Therefore, the total projected revenue will be $225000. Cost Drivers The business will consider the costs in order to stay in business (Marron, 2014); (Kidder, 2012 ). a) Upfront Costs Since the business is new, there will be several starting costs before  official opening. Upfront costs consist of the purchase of furniture and fittings (table, chairs, coffee machines, installation of EFTPOS (electronic funds transfer at point of sale) and computers, cutlery, and front decoration (Ilasco and Seto, 2012 ); (Spencer, 2010). Advertising expenses will consist of the advertising campaign in the initial year. The advertising drive will be geared towards increasing sales to cater for the other costs (Marquis, Demand Media, 2014). Materials for shop decoration will be used to attract new customers. The total cost will include the cost of employing an interior designer. In addition, the business will consider the bond for the rent. This is because the expense must be paid prior before the business is opened. There will be other upfront costs that will include the certificates and legislations required for the business opening (Department of Health, 2014). b) Fixed Costs Owing to the scenic area of Melbourne, the high cost of rent must be taken into account. Utilities like lighting, heating, telephone lines, internet router and air conditioning have to be considered before the official opening. The business will choose a cheap electricity supplier. There are many to choose from (Smart Utilities, 2014). For an attractive design of the display in the shop, an interior designer with experience will be sought once per year. The cost associated with this will be recorded as ‘expenses for design.’ Besides, the parking bays’ rental will be a yearly fixed cost paid to Melbourne City Council (Hamer, Currie and Young , 2011). The parking bays will be provided to increase revenue. The business will take legislations into consideration, because set annual fees will have to be paid to the relevant bodies to ensure business continuation. c) Variable Costs These are the expenses that will change with the output of the business. The main variable cost in the cake and cupcake shop is raw materials used in the production of cupcakes, coffee and cakes such as lollies, vegetables, fruits, flour, milk, coffee beans and chocolate (Leach and Melicher, 2014). The cost of vegetables and fruits will change depending on seasonal and weather changes. There will be other variable costs like package expenses: boxes, bags, staff wages and utilities. The workers in the shop will include 1 baker 1 decorator Junior casual staff Wages will be paid fortnightly. Additionally, the business will offer staff uniforms and training opportunities. There will be allowance of discount expenses owing to the high-inventory turnover and the need to supply fresh products. On special occasions, the business may have deals or offers that will reduce the unit profit. There will be other expenses like machinery maintenance, new fittings and insurance. These will be required as the business grows. Resource Requirements/Mapping Human Resource It will be very easy to get the key employees as it will only involve placing adverts on the street notice boards. There will be an added cost of interviews, as well as paying the Melbourne City Council (City of Melbourne, 2014). Physical Resource Property for lease is available in the area identified. Due to the scenery of the area, the cost of lease is high. However, the expected returns are high. The business premises will be gotten under a one-year lease. This will save the cost that may be incurred in paying monthly costs. Similarly, it will avoid the costs associated with monthly rent increases. Financial Resource The total startup cost is $130000. The business will raise $30000 and $100000 will be obtained from the bank as loan. Costs for maintenance will be catered for by the revenue from the business. Investment Size The business plans to raise $130000 to meet its startup cost. The funds will be used for: Developing the company’s cupcake and cakes store location Financing for the first year of operation Capital to buy baking equipment and ovens The company will contribute $30000 to the venture. The remaining $100000 will be financed by the bank as loan. Projected Startup Costs Initial Lease Payments and Deposits $20000 Working Capital $60000 Security Deposits $20000 Opening Supplies $10000 Company Vehicle and Lease Deposits $2000 Marketing Budget $10000 Miscellaneous and Unforeseen Costs $8000 Total Startup Costs $130000 References Aaron Marquis, Demand Media , 2014. The Average Profit Margin for a Cake Bakery. [Online] Available at: http://smallbusiness.chron.com/average-profit-margin-cake-bakery-14214.html [Accessed 11 05 2014]. Department of Health, V. A., 2014. Starting a food business. [Online] Available at: http://www.health.vic.gov.au/foodsafety/bus/foodbus.htm [Accessed 11 05 2014].  Graham, J., 2007. The Crabapple Bakery Cupcake Cookbook. Print ed. London: Penguin Group (USA) Incorporated. J. Leach, Ronald Melicher, 2014 . Entrepreneurial Finance. 5 ed. Stamford: Cengage Learning. Kidder, D., 2012 . The Startup Playbook: Secrets of the Fastest-Growing Startups from Their Founding Entrepreneurs. Illustrated ed. San Francisco : Chronicle Books. Marron, D., 2014. Cupcake Economics. [Online] Available at: http://dmarron.com/2009/11/28/cupcake-economics/ [Accessed 11 05 2014]. Meg Mateo Ilasco, Catherine Seto, 2012 . Mom, Inc.: The Essential Guide to Running a Successful Business Close to Home. Illustrated ed. San Francisco: Chronicle Books. Melbourne, C. o., 2014. Rates and valuations. [Online] Available at: https://www.melbourne.vic.gov.au/buildingandplanning/ratesandvaluations/Pages/RatesandValuations.aspx [Accessed 11 05 2014]. Paul Hamer, Graham Currie, William Young , 2011. Parking Price Policies – A review of the Melbourne congestion levy. Australasian Transport Research Forum 2011 Proceedings , 1(1), pp. 1-16. Spencer, P., 2010 . Start a Cupcake Business Today. London: InformationTree Press. StartupBizHub, 2014. Starting a Cake Business. [Online] Available at: http://www.startupbizhub.com/starting-a-cake-business.htm [Accessed 11 05 2014]. Utilities, S., 2014. Compare Electricity Rates in Victoria. [Online] Available at: http://www.smartutilities.com.au/electricity-comparison-victoria/ [Accessed 11 05 2014]. Wilson, D., 2011 . Bakers Field Guide to Cupcakes. Unabridged, reprint ed. New York City: Houghton Mifflin Harcourt.

Gender & Jim Crow: Book Review Essay -- essays research papers fc

In Glenda Elizabeth Gilmore’s book Gender & Jim Crow, Gilmore illustrates the relations between African Americans and white in North Caroline from 1896 to 1920, as well as relations between the men and women of the time. She looks at the influences each group had on the Progressive Era, both politically and socially. Gilmore’s arguments concern African American male political participation, middle-class New South men, and African American female political influences. The book follows a narrative progression of African American progress and relapse. Gilmore argues that African American male political participation between 1890 and 1898 represented a movement toward greater inclusion. She claims that African American males in politics strove for the balance of power between political parties in North Carolina, and that the Populist-Republican victory in 1896 kept African American votes in contention and maintained some African American men in political office for a short period of time. There was an agreement between African Americans and whites that the â€Å"Best Men,† middle class African Americans, were to be the only African Americans to hold office. This was because by being dubbed the â€Å"Best Men,† they had met certain standards and were suitable for office according to the white politicians. The â€Å"Best Men† clashed with the South’s â€Å"New White Man,† who sought to re-monopolize voting rights and political power, as well as to completely dominate African Americans. Gilmore attri butes the â€Å"New White Man’s† goals to these men’s bitterness towards their fathers who were blamed for the defeat in the Civil War, southern underdevelopment, and black progress. Nonetheless, African American men rapidly increased power in politics when many positions became publicly elected. Gilmore reasons that the progress of African American men in politics caused upwardly mobile and middle-class New South men, Southern Progressives, to formulate disenfranchisement and Jim Crow laws, and to later blame the deficient â€Å"cracker† for acting on their verbal violence. She also says that white supremacists reacted to white women’s movement into public space, urbanization, industrialization, and African-American advancement, and â€Å"responded to black power even as [they] capitalized on black weakness† (p 118). The â€Å"Best Men† were blamed for the supposed rapists and malingerers in the Afr... ...th Carolina. I agree with her arguments, and found a great deal of the information in this book surprising, and also disturbing. I did not know a lot of the history of race relation in North Carolina, which was different from the rest of the south since whites barely outnumbered African Americans at that time in North Carolina. Because of this legal segregation came late and was more intense since the African Americans were able to put up more of a fight. All of Gilmore’s evidence supports her arguments, and makes a lot of sense. She did enough research and knows enough about the South that there is no reason any of the standpoints that she makes should be false. Glenda Gilmore’s book Gender & Jim Crow shows a different point of view from a majority of history of the south and proves many convictions that are not often stated. Her stance from the African American point of view shows how harsh relations were at this time, as well as how hard they tried for equity in society. Gilmore’s portrayal of the Progressive Era is very straightforward and precise, by placing educated African American women at the center of Southern political history, instead of merely in the background.

Life in the Slums Essay

Life is tough living in the slums, but I’m used to it now so it’s not as hard as it was when we first moved here. Especially considering we were looking to come to the city for a better lifestyle, and to have a better chance for my parents to get a job, and for my siblings and I to go to school. My name is Anikal and I’m 13, I have 3 older brothers, and one younger sister. Para 1: living conditions and hygiene and population density Moved to Mumbai 4 years ago looking for a better life- ended up in slums It is basically a tip where we live It’s so crowded- 56% of residences have 3 or more people living in a single room It’s so dirty, it smells (although we are used to it now) People evacuating their bowls in the middle of the streets- 5 million residents don’t have access to toilets We don’t have showers we have to find little pools to clean off in- they’re generally dirty water It is a tough life to get used to- nothing is easy We were playing cricket on a big stretch of concrete and the police came chasing after us- we had to run and weave through the slums Para 2: work and employment opportunities and school and exploitation of children We originally moved to the city for the reasons of work and schooling My siblings and I get to go to school twice a week as that’s all we can afford We all have to work to get enough money for our family to eat, and to go to school It can be tough labor a lot of the time for little amounts of money We are working towards starting a business selling stuff- we aren’t sure what yet There aren’t many opportunities in the slums for work, so you have to take anything you can get We thought there would be a lot of opportunities in Mumbai There are in the main city, but very few in the slums We have to go around asking everyone if there’s anything we can do for them to earn a little bit of money We don’t get to keep that money for ourselves, we give it to mum and dad, and they use it for all the things we need Para 3: buildings and structures and infrastructure and police and security There are so many buildings in a small area in our slum Over half the population lives on 12% of the land When you are walking around there is only a small gap for sunlight to get through All the buildings are right together and the roofs hang over the footpath- if you can even call it a foot path There are some buildings that are more than one story, but they aren’t very safe For some people it doesn’t matter how unsafe it is, they just need somewhere to live The security isn’t all that great in the slums The police are sort of against us, when ever we go places we aren’t supposed to they’re straight onto us and will chase us for ages With people in the main city, they will politely tell them off, but us, straight into a full chase. Our house is substandard When it rains torrentially it sometimes leak We have hardly any access to hospitals and medical attention Conclusion: Life in the slums is tough. We moved to the city with the intention of starting fresh, and having more opportunities but we ended up in the slums. We’ve been here for four years and it’s been hard. I’m used to it now though. It is very unhygienic and packed. The population density is ridiculous. It’s been a hard run in terms of work and school, we only get a small education, and don’t have a job, we just have to try help out with same labor work for some money. There are so many buildings in such a small area, and we don’t have any security, and the police are just out to catch us doing the wrong thing. Our house is very small and squishy, but it’s the life I’m now used to, whether I like it or not, it’s how it is. Essay Life is tough living in the slums, but I’m used to it now so it’s not as hard as it was when we first moved here. Especially considering we were looking to come to the city for a better lifestyle, a chance for my parents to get a job, and for my siblings and I to get an education. My name is Anikal, I’m 13, I have 3 older brothers, and one younger sister. I’m live in the slums of Mumbai. My family and I moved to Mumbai looking for a better lifestyle, but ended up in the slums pretty quickly. It is basically like a tip where we live, it’s terrible. It is so crowded, people everywhere, and in 56% of the residences there are three or more people living in just one room! It is all so dirty, and smells (although we are used to the smell now). People just go to the toilet in the streets, 5 million people don’t have access to toilets, and in Dharavi there is one toilet per 1440 people. We don’t have access to showers- not many people do, but we have to use the water we have, or find pools of water we can clean off in. It’s a tough life to get used to in the slums, nothing comes easy. We were just playing cricket out the back of the slums on the concrete on someone else’s land, but no one was there, we weren’t affecting anyone, and the police just chased us on motorbikes with sticks and all, and we had to run back into the slums, on the roofs trying to get away. We eventually got away then ran back the other way passed them on the roof, we saw them though the gap in between two houses. We originally moved to the city of Mumbai in search of better work and schooling opportunities. My siblings and I only get to go to school twice a week, and get a small education as that’s all we can afford on our very small budget. My whole family has to work as much as we can helping people out, doing laboring work just to get enough money for the things we need. We are working towards trying to start up our own small business, and hopefully then have a steady income that we can live off. There aren’t many opportunities in the slums of Mumbai, so we have to take any work we can get. There are many opportunities if you’re in the main part of Mumbai, but unfortunately we’re in the slums. My siblings and I don’t get any pocket money, any money we go out and earn goes straight to our parents so that they can buy all the things we need, like food. There are so many buildings and other structures in our small area of the slums. It is packed, over half of the population lives on only 12% of the land. When you are walking around through the slums, there is only a small gap for any sunlight to get through between the roofs of buildings, over the footpaths- if you can even call it a footpath. There are some buildings in our slum that are more than one story, they aren’t very safe though, but for some people, thats their only option. We don’t really have any security in our slums, and the police are just out to catch us, whenever we are doing anything wrong, even the smallest thing that would normally just be a warning for others, they chase us all through our slums trying to catch us. They’re just constantly out to get us. Our house is very substandard, it’s just like a little hut, with two rooms that we’re all squished into. When there is torrential rain it can sometimes get in, but it’s u sually pretty good. We have hardly any access to any sort of medical care, and hospitals, so when we get sick or injured, we just have to hope its not too bad and that we can get through and come out better in time. Life in the slums is tough. We moved to the city with the intention of starting fresh, and having more opportunities but we ended up in the slums. We’ve been here for four years and it’s been hard. I’m used to it now though. It is very unhygienic and packed. The population density is ridiculous. It’s been a hard run in terms of work and school, we only get a small education, and don’t have a job, we just have to try help out with same labor work for some money. There are so many buildings in such a small area, and we don’t have any security, and the police are just out to catch us doing the wrong thing. Our house is very small and squishy, but it’s the life I’m now used to, whether I like it or not, it’s how it is. Bibliography: â€Å"Living conditions in the slums.† Sites.google. N.p., n.d. Web. 8 Apr. 2013. . Marotta, Stephen. â€Å"Slums – mumbaiindias jimdo page!.† Introduction – mumbaiindias jimdo page!. N.p., n.d. Web. 7 Aug. 2013. . Slumdog millionaire. Dir. Danny Boyle. Perf. Jamal Malik. 20th Century Fox Home Entertainment, 2009. DVD. hallam, james. â€Å"Dharavi – Wikipedia, the free encyclopedia.† Wikipedia, the free encyclopedia. N.p., n.d. Web. 8 Aug. 2013. .

Increasing, Decreasing, and Constant Returns to Scale

The term returns to scale  refers to how well a business or company is producing its products. It tries to pinpoint increased production in relation to factors that contribute to production over a period of time. Most production functions include both labor and capital as factors. How can you tell if a function is increasing returns to scale, decreasing returns to scale, or having no effect on returns to scale? The three definitions below explain what happens when you increase all production inputs by a multiplier. Multipliers For illustrative purposes, well call the multiplier m. Suppose our inputs are capital and labor, and we double each of these (m 2). We want to know if our output will more than double, less than double, or exactly double. This leads to the following definitions: Increasing Returns to Scale: When our inputs are increased by m, our output increases by more than m.Constant Returns to Scale: When our inputs are increased by m, our output increases by exactly m.Decreasing Returns to Scale: When our inputs are increased by m, our output increases by less than m. The multiplier must always be positive and greater than one because our goal is to look at what happens when we increase production. An m of 1.1 indicates that weve increased our inputs by 0.10 or 10 percent. An m of 3 indicates that weve tripled the inputs. Three Examples of Economic Scale Now lets look at a few production functions and see if we have increasing, decreasing, or constant returns to scale. Some textbooks use Q for quantity in the production function, and others use Y for output. These differences dont change the analysis, so use whichever your professor requires. Q 2K 3L: To determine the returns to scale, we will begin by increasing both K and L by m. Then we will create a new production function Q’. We will compare Q’ to Q.Q’ 2(K*m) 3(L*m) 2*K*m 3*L*m m(2*K 3*L) m*QAfter factoring, we can replace (2*K 3*L) with Q, as we were given that from the start. Since Q’ m*Q we note that by increasing all of our inputs by the multiplier m weve increased production by exactly m. As a result, we have constant returns to scale.Q.5KL: Again, we increase both K and L by m and create a new production function. Q’ .5(K*m)*(L*m) .5*K*L*m2 Q * m2Since m 1, then m2 m. Our new production has increased by more than m, so we have increasing returns to scale.QK0.3L0.2: Again, we increase both K and L by m and create a new production function. Q’ (K*m)0.3(L*m)0.2 K0.3L0.2m0.5 Q* m0.5Because m 1, then m0.5 m, our new production has increased by less than m, so we have decreasing returns to scale. Although there are other ways to determine  whether a production function is increasing returns to scale, decreasing returns to scale, or generating constant returns to scale, this way is the fastest and easiest. By using the m multiplier and simple algebra, we can quickly solve economic scale questions. Remember that even though people often think about returns to scale and economies of scale as interchangeable, they are different. Returns to scale only consider production efficiency, while economies of scale explicitly consider cost.