M3 Unit 37 free essay sample

I need to develp are financail and accounting, Financial- The top reason why businesses go out of business is bad financial planning. All the cash flows in the wrong direction. Having worked through the dotcom boom and bust I have seen first hand what too big a budget in the wrong hands can do. Someone needs a firm grip on the numbers and it had better be you otherwise someone might just take a trip to a tropical island at your expense. I will be devoloping this skill by finding some volantry jobs for one or two week to gain some skills so then I should be able to run my own business. The other skill that I need to develop is the ability to implement systems (such as workplace information, risk management, continuous improvement and record keeping systems) that will help my business run when I am not there. I will be doing improving this by getting a business coures for one or two weeks to learn about the systems. We will write a custom essay sample on M3 Unit 37 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Imagination- Many people neglect their creative side feeling that it is better to be all about the logic, but in fact some of the most successful business people are also the most imaginative. So I need to learn this skills by talking to other people who already running a business. Problem Solving- A big part of surviving in business is about solving problems fast and effectively. An employee who is good at keeping their head in a crisis while fighting fires is a worthwhile asset to any business. I will be practising this skills by getting some work experience at different organisations to improve my skill. Rukia Sadiqi p4 – unit 36 – discribe the legal financail aspects that will affect the start-up of your business. Legal status:Legal status means the concept of companies having a particular place in the market, from this as it determines the laws which affect themThere are many types of businesses: sole trader, partnership, private limited company or franchiseSole trader: this involves one person who is the boss and the owner of the company and has unlimited liability and the examples are a builder, a window cleaner and painter etc. Partnership: This business contains tow or more people up to 20 the share between the partners doesnt have to be 50% it can be different share amounts partners also have a unlimited liability and some example are doctors, dentists and more. The partners must have a deed of partnership which is a contract between partners which legally binds them. The strength is that the partners well get the same percentage of profit as much as they have invested into the company. Private limited company is to make money quickly the cant sell there shares to the stock market as they have a great weakness. The owners have the main control in the business normally as they control the business and the main stake holders of the business are board of directors. The biggest strength they have is that if the company goes bankrupt the owners can loose thier personal positions so they pay off depts. Franchise is when the company such as McDonalds sells the rights and the promotion to the person to user their brand and logo to sell its products, services and logos, usually in a defined area. The person that gets the rights gives royalty to the users as this will involve paying fixed fees and a percentage payment of the franchisees sales turnover. The main strength of this is that the business is a success and that the advertising is mainly from the franchise company so this gives advertisement for all the franchisers that own the different branches. Our business is a parivet which is made up of my self Rukia and our business is called Rakz Hair salon which is a hairdresser . I chose to run my business privitaly because I want to make money quickly and want to have the main control of my business. The biggest strength I have is that if the company goes bankrupt then I can loose my personal positions so I will have pay off depts. M3- assess the implications of the legal and financial aspects that will affect the start-up of the business. M3 Unit 37 free essay sample M3 the skills I need to develp are financail and accounting, Financial- The top reason why businesses go out of business is bad financial planning. All the cash flows in the wrong direction. Having worked through the dotcom boom and bust I have seen first hand what too big a budget in the wrong hands can do. Someone needs a firm grip on the numbers and it had better be you otherwise someone might just take a trip to a tropical island at your expense. I will be devoloping this skill by finding some volantry jobs for one or two week to gain some skills so then I should be able to run my own business. The other skill that I need to develop is the ability to implement systems (such as workplace information, risk management, continuous improvement and record keeping systems) that will help my business run when I am not there. We will write a custom essay sample on M3 Unit 37 or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I will be doing improving this by getting a business coures for one or two weeks to learn about the systems. Imagination- Many people neglect their creative side feeling that it is better to be all about the logic, but in fact some of the most successful business people are also the most imaginative. So I need to learn this skills by talking to other people who already running a business. Problem Solving- A big part of surviving in business is about solving problems fast and effectively. An employee who is good at keeping their head in a crisis while fighting fires is a worthwhile asset to any business. I will be practising this skills by getting some work experience at different organisations to improve my skill. Rukia Sadiqi p4 – unit 36 – discribe the legal financail aspects that will affect the start-up of your business. Legal status:Legal status means the concept of companies having a particular place in the market, from this as it determines the laws which affect themThere are many types of businesses: sole trader, partnership, private limited company or franchiseSole trader: this involves one person who is the boss and the owner of the company and has unlimited liability and the examples are a builder, a window cleaner and painter etc. Partnership: This business contains tow or more people up to 20 the share between the partners doesnt have to be 50% it can be different share amounts partners also have a unlimited liability and some example are doctors, dentists and more. The partners must have a deed of partnership which is a contract between partners which legally binds them. The strength is that the partners well get the same percentage of profit as much as they have invested into the company. Private limited company is to make money quickly the cant sell there shares to the stock market as they have a great weakness. The owners have the main control in the business normally as they control the business and the main stake holders of the business are board of directors. The biggest strength they have is that if the company goes bankrupt the owners can loose thier personal positions so they pay off depts. Franchise is when the company such as McDonalds sells the rights and the promotion to the person to user their brand and logo to sell its products, services and logos, usually in a defined area. The person that gets the rights gives royalty to the users as this will involve paying fixed fees and a percentage payment of the franchisees sales turnover. The main strength of this is that the business is a success and that the advertising is mainly from the franchise company so this gives advertisement for all the franchisers that own the different branches. Our business is a parivet which is made up of my self Rukia and our business is called Rakz Hair salon which is a hairdresser . I chose to run my business privitaly because I want to make money quickly and want to have the main control of my business. The biggest strength I have is that if the company goes bankrupt then I can loose my personal positions so I will have pay off depts. M3- assess the implications of the legal and financial aspects that will affect the start-up of the business.

How Animals Interact in an Ecosystem

How Animals Interact in an Ecosystem Animals interact with each other in numerous, complex ways. However, we can make some general statements about these interactions. This enables us to better understand the role that species play within their ecosystems and how individual species can positively or negatively affect the species around them. Of the various types of interactions between species, most involve resources and consumers. A resource, in ecological terms, is something (such as food, water, habitat, sunlight, or prey) that is required by an organism to perform a vital function such as growth or reproduction. A consumer is an organism that consumes a resource (such as predators, herbivores, or detritivores). Most interactions between animals involve one or more competitor species vying for a resource. Species interactions can be categorized into four basic groups based on how the participating species are affected by the interaction. They include competitive interactions, consumer-resource interactions, detritivore-detritus interactions, and mutualistic interactions. Competitive Interactions Competitive interactions are interactions involving two or more species that are vying for the same resource. In these interactions, both of the species involved are negatively  affected. Competitive interactions are in many cases indirect, such as when two species both consume the same resource but do not  directly interact with each other. Instead, they affect each other by  reducing the availability of the resource. An example of this type of interaction might be seen between lions and hyenas. Since both species feed on the same prey, they negatively affect each other by reducing the amount of that prey. One species may have trouble hunting in an area where the other is already present. Consumer-resource Interactions Consumers of consumer-resource interactions include predator-prey interactions and herbivore-plant interactions. These consumer-resource interactions affect the species involved in different ways. Usually, this type of interaction has a positive impact on the consumer species and a negative impact on the resource species. An example of a consumer-resource interaction would be a lion eating a zebra, or a zebra feeding on grass. In the first example, the zebra is the resource, while in the second example it is the consumer. Detritivore-detritus Interactions Detritivore-detritus interactions involve a species that consumes the detritus (dead or decomposing organic matter) of another species. The detritivore-detritus interaction is a positive interaction for the consumer species. It has no impact on the resource species since it is already dead. Detritivores include small creatures such as millipedes, slugs, woodlice, and sea cucumbers. By cleaning up decomposing plant and animal matter, they play an important role in maintaining the health of ecosystems. Mutualistic Interactions Mutualistic interactions are interactions in which both speciesresource and consumerbenefit from the interaction. An example of this is the relationship between plants and pollinators. Nearly three-quarters of flowering plants rely on animals to help them pollinate. In exchange for this service, animals such as bees and butterflies are rewarded with food in the form of pollen or nectar. The interaction is beneficial for both species, plants, and animals.