A Study of Change Management in Coca Cola

A Study of Change Management in Coca Cola Presentation As per a Greek savant Heraclitus there is nothing perpetual than change. He accepted that change is the center of universe. This statement portrays the significance of overseeing change in human just as authoritative life. An organized way to deal with move association, its kin and procedures from present status to an ideal future state is called change the executives. This procedure enables workers to acknowledge changes in the current condition of the business. Change can be of various kind for instance, change in innovation, activities or techniques and so on organization needs to actualize singular procedures to adapt to each sort of progress. Associations need to change and receive dynamic endurance techniques to remain alive in questionable political, social and financial condition (Hiatt and Creasy, 2003). Every single ecological figure present the nature experience change on constant premise. Human instinct opposes change, so dealing with that opposition requires all around arranged change the board methodologies. This report is planned for depicting the significance of progress the executives for association its thought processes and targets, change the board forms, how organization can include all the partners for effective implantation of progress the board and the systems that an association can embrace to actualize the fruitful change. Purposes behind receiving change Associations need change for the accompanying reasons: To react to the quickly changing condition To improve the general execution of the organization To quickly react to the clients requests To improve the adequacy and productivity To expand the worker execution To make the prescribed procedures inside the association and setting norms for the business To improve gainfulness and profit for generally speaking speculation Change the board is required for authoritative endurance. So the organization ought to embrace to change the board procedures so as to keep up its value in the business. Significance of progress the board In an examination 327 undertaking supervisors had reacted to the inquiry that in the event that you gotten an opportunity to do it once more, what might you do another way? The majority of them reacted that we will execute a compelling change the board program arranged route before beginning the venture. This investigation features the significance of progress the executives in a hierarchical viewpoint. Change the executives directs the dangers that can cause disappointment (Jeff and Creasey, 2003). The change the board procedure Change the board is being concentrated by the thinkers, analysts and business specialists for a long time. Various change the board speculations, approaches and methods of reasoning are created by therapists and the executives experts to actualize effective change in the association (Paton and MacCalman, 2008). There are three periods of progress the executives for example getting ready for change, overseeing change and fortifying change. Groundwork for change stage incorporates evaluation of progress abilities and limit and building up a procedure that fit to those capacities. Second stage for example overseeing change stage incorporates forms like arranging and usage of procedures made in the main stage. Last stage which is the fortification of progress incorporates the procedures like assortment and dissecting of criticism information, discovering holes and adapting to decided level of obstruction from inside and outside the association and taking restorative activities to effecti vely finish up the change the board procedure (change the executives learning focus, 1996-2011). Change managementA instance of Coca Cola Corporation Coca Cola is a retailer, advertiser and producer of non-mixed beverages and is known worldwide for it coca cola drink. Notwithstanding its coca cola brand, Coca Cola Company offers 500 drinks and non refreshments brands in around 200 nations. The organization was established by Asa Candler in year 1892. Its headquarter is situated in Atlanta, Georgia of United States of America. The organization had all out total compensation of around 11.8 billion US dollars in year 2010 with complete number of representatives 139,600 around the world. Companys brand for example Coca Cola stands number one in the rundown of most notable brands of the world (Coca Cola organization, 2006-2011). Coca Cola is a kind of organization that requires making changes in its items and business systems as indicated by the shopper desires and outside condition. Here in this investigation we would cite various models from coca cola companies history and will look at that what were the activating occasions for picking the change and what procedures the organization created and actualized so as to effectively experiencing the progressing procedure. Coca Cola Corporation is among perhaps the most established company of the world. It has experienced numerous inner and outer changes since it has been in presence. The organization has utilized methods of progress the executives so as to make due from the results of those occasions. The organization has confronted a ton of outer changes, for instance in world war II, the organization had the option to deal with its current situation around then and furthermore entered in numerous new markets and found new specialties. The organization built up 64 plants over the world to flexibly beverages to the soldiers (Coca Cola organization, 2006-2011). The organization additionally gave free beverages to officers which were the piece of its system to turn into a devoted image for the individuals of the nation. Likewise it helped the deals, so the organization accomplished two targets via cautiously intending to react to that outer ecological change. The plants created by the organization in war time helped its extension after the war. Barton et al (2002) announced that Coca Cola Corporation embraced obtaining methodology in time of Asian budgetary emergency. The organization procured packaging, espresso and café organizations in Korea and Malaysia. Drink is a sort of industry where tastes and inclinations of the purchasers change on nonstop premise. Coca Cola Company additionally reacted to such buyer changing practices in compelling manner by growing new items like Diet Coke and Coca Cola Zero. The organization likewise dedicated a showcasing blender when an adversary organization propelled a dark refreshment with nearly sweet and smooth taste. The item was named as new Coke. Yet, the deals bit by bit went down and organization confronted extreme purchaser pundits and fights. The organization dealt with this circumstance admirably by reestablishing the old equation and naming the jug as diet coke (Kotler and Armstrong, 2010). As individuals are turning out to be more wellbeing cognizant and ready to contribute o n wellbeing based items, coca cola is creating juices and different caffeinated drinks too. This shows the companys system to reacting differing buyer tastes and desires and changing itself as per it. The coco cola organization utilized hypothesis of association change introduced by Kotler (1996) which expounded the strategy to oversee change on the individuals measurement of the association. The notable CEO of coca cola Corporation Mr. Gouizetta who remained CEO of the organization for a long time decided and tackled the issue in assembling of beverages. He was the key man in overhauling coca colas activities and fitting procedures that helped the organization standing high among its rivals. He accomplished goals of the firm by arranging and driving the undertakings without anyone else and gave a helpful administration to the representatives. He was the person who designated skilled human asset like Ivester who took extraordinary part in covering the shortcomings and misusing the open doors for the organization (The Coca-Cola organization case. n.d.). Notwithstanding making operational and vital changes, the organization additionally changed its publicizing system by focusing on different gatherings of shoppers like American customers. African purchasers, Middle and far eastern shoppers and European customers. The organization modified the bundling of its coca cola brand and grew more product offerings and widened them all inclusive (The Coca-Cola organization case. n.d.). The current state of coca cola organization overall is generally excellent. The organization is selling its drinks all through the world effectively. Be that as it may, in certain nations, coca cola stores are not as indicated by the companys fundamental showcasing, stock and effectiveness topic. The organization is wanting to adjust its presentation gauges as per its own corporate culture and systems with the assistance of a thorough change the executives plan. These progressions will be executed inside the business tasks and the executives of the organization. CHANGE MANAGEMENT AT COCA COLA Representative commitment The ongoing change the executives at coca cola is coordinated towards the inherent qualities and inspirations of the workers and can be alluded to as representative commitment. The change the executives procedure, along with inward marking programs is relied upon to achieve perfect practices in representatives, which would adjust the activities of coca cola around the world, and realize proficiency all through coca cola over the entirety of its business portions. Coca cola plans to achieve an altogether incorporated arrangement of interchanges, and spotlight on making brand associations with their workers. This would upgrade the tasks of Coca cola, as a coordinated methodology would mean all workers have confidence in connecting completely in the qualities, and this would turn into a characteristic piece of the representatives at an individual level. Coca-cola is effectively looking to join the change into its organization if the ongoing gathering on inward marking and representative commitment held in February,2011 by Robin Gee, Head of Employee Engagement for Coca-Cola Refreshments (CCR) is any sign. Robin Gee is liable for building ability in commitment, keeping up commitment energy and guaranteeing that commitment is coordinated into CCRs individuals rehearses (Samdahl,2011). For this reason, worker commitment studies are led twice every

Impact of Job Satisfaction on Staff Turnover Literature review

Effect of Job Satisfaction on Staff Turnover - Literature survey Example Nature of work is one of the essential elements which help in the advancement of occupation fulfillment among the representatives. The intrigue level of the representatives in the idea of occupation which is forced by the business controls the activity fulfillment. In the event that the workers face individual job struggle, at that point the activity fulfillment of the representatives will never be high. Individual job strife manages the way that workers need to embrace errands which sometimes falls short for them and they are either under qualified or overqualified for the activity. The pretend of a worker in the activity ought to likewise give chance to them to use their aptitudes which they have learned throughout the years. The representatives ought to be furnished with self-sufficiency in completing their occupations. Another significant activity related factor which helps in the structure of the fulfillment is the lucidity in the job to be played by the workers. On the off chan ce that the representatives are clarified in regards to the jobs which the association anticipates from them in completing, at that point a lot of fulfillment is produced inside them. Appropriate preparing in regards to the occupations additionally helps in the advancement of occupation fulfillment among the workers as they produce certainty inside them through the preparation procedure. The worker investment has been one of the vital perspective in present day times and powerful cooperation of representatives in the dynamic procedure of the association creates an inclination inside the workers that they have a place with the association and are a significant piece of it. This inclination inside them thus soaks up fulfillment in regards to their activity (Lee, 1991, p.9). The work pressure which a representative needs to encounter produces the fulfillment level inside them. Regularly workers are disappointed with their activity inferable from the extreme employment pressure which th ey need to confront (Spector, 1997, p.24). The above examination doesn't join the factor of work environment and the atmosphere of the working environment which additionally frequently can raise disappointment among the representatives in the work environment. Pay bundle: Pay bundle is the most significant standards which rules the degree of occupation fulfillment among the workers. Representatives consistently search for a superior compensation bundle and the compensation bundle regularly helps in adjusting the other confinement which a worker may look in an association. The consideration of extra offices in the compensation bundle assists with raising the fulfillment level of the workers and the satisfaction of the interest for increase in the pay structure makes them fulfilled in their activity. Other than the pay which the workers get, regularly representatives

Child Care and Employed Parents of Children With Emotional

Question: Talk about Child Care and Employed Parents of Children With Emotional or Behavioral Disorders? Answer: Presentation Childcare and business, dealing with these two for some, guardians will be a troublesome undertaking. Particularly in a nation like the United States, where nearly in each family, both the guardians are working, dealing with youngsters and work is a troublesome issue. Particularly in the developing long stretches of the kid when the child needs the most extreme consideration of both of the guardians, finding a decent youngster care by then old enough ought to be the highest need for each parent (Windell, 2012). This errand turns out to be much increasingly troublesome if the youngster is experiencing the enthusiastic or conduct issue. Ordinary youngster care homes give the consideration to typical kids, kids who are not quite the same as the rest need additional consideration for each work, on occasion, and kid care homes can't give this additional consideration. These kids even need additional consideration from the guardians, in such a circumstance; it gets hard for both the guardi ans to function as the youngster may require the guardians at the hour of crisis (Access to Child Care for Children with Emotional or Behavioral Challenges: An Essential Element of Family Support, 2015). Reason Statement The motivation behind this examination is to decide the work related issues that that the guardians in US face to get kid care. Moreover, this investigation will be directed to decide if guardians with kids having enthusiastic and conduct issue face work related issues and how the guardians manage the youngsters while allocating a kid care for the kids (Bakken, Obiakor Rotatori, 2012). Members To complete this investigation fittingly, 60 families were met. The families incorporate either single parent, or the two guardians working or one parent working and another parent are remaining at home. The families likewise incorporate in any event one youngster with the passionate or social issue. In certain families, the youngster has a kin, and in certain families the kid is a solitary kid (Bee Boyd, 2013). Moreover, certain youngster care focuses were met to decide the issues the staffs face if the kid is experiencing passionate and conduct issue and how visit the staffs needs to counsel the guardians of the kid contingent upon the need of crisis. Materials And Procedures As expressed before, 60 families and five kid care focuses are met with surveys. Questions like, how troublesome was it for the guardians to discover a youngster care for the wards, how the conduct of the kid influenced the work, is the association the guardians are working obligingly, is the kid care focus where the kid goes can take legitimate consideration of the kid, are asked to the guardians to decide the business related issues the guardians are confronting with regards to taking great consideration of the kid (Blake, 2011). Factors The conduct of the kid and how the kid is responding to different circumstances and conditions is taken as the fundamental variable in this investigation, as the conduct and government assistance of the kid is the most extreme worry of the parent that influences work. The work weight of the guardians can likewise be taken as the subsequent variable, as the work weight may influence youngster care. Information Analysis Plan Issues looked by the guardians with the youngster The families with the extraordinary youngsters face a great deal of issues while giving great consideration to the kids. The guardians need to organize the transportation of the kids to class, take care of crises and clinical emergency, make the school specialists completely mindful of the childs unique needs, and the most significant one, to locate a decent day care for the youngster (Gerdes, 2010). Issues looked by the guardians at work Youngsters with social issue and both the guardians working require kid care the most. Be that as it may, the youngster minds now and again are not well prepared to deal with the uncommon kid, and henceforth the associations need to counsel the guardians (GuãÅ"ë†nter Hasenclever, 2011). The working guardians need to go to the youngster before the work; subsequently, it influences the work front. Numerous guardians need to surrender work visits to be with the kid while the other parent isn't at the town. The issues with the youngster even hampered the profession development as the parent can't take up any difficult work in the workplace, as it will require total devotion that is absurd for this situation (M. Brennan, H. Caplan Ama, 2015). Single guardians even have more noteworthy issues than the families with both mother and father. These guardians thoroughly rely on the kid care focuses. These guardians attempt to get a new line of work that is closer to the home and the youngster care focus so the kid can be gone to at whatever point required. The guardians even settle for the low-pay work that will require less time at the workplace just as more opportunity for the kid (Mash Wolfe, 2010). Information Analysis The examination demonstrated that out of the 60 families, 96% of the families have confronted the business related issue. Out of the families talked with, 47% of the families have announced that both of the guardians needs to leave the activity incapable to meet the work pressure or to deal with the kid. Out those 47%, it was found in a large portion of the case the mother needs to leave the activity. Out of the 60 families, 30% of the families have two youngsters, generally the senior one is a typical while, the more youthful one is with the turmoil. The staying 70% didn't consider having a second issue in light of the fact that the main kid needs the total consideration of the guardians. The focuses have likewise conceded that these kids act contrastingly in various circumstances, and the staffs need to contact the guardians when the circumstance escapes the hands (Palmer, 2011). End In this way, it is closed, that guardians with youngsters with the conduct issue face an enormous measure of strain to locate a decent kid care for the child just as face a great deal of issues at work (LeCroy, 2011). In the greater part of the cases it was discovered that the guardians need to adjust the work front either by leaving the place of employment or by moving to a new position which is closer to the home or to the kid care focus with the goal that the kid can be gone to at whatever point required (Wicks-Nelson, Israel Wicks-Nelson, 2013). References Access to Child Care for Children with Emotional or Behavioral Challenges: An Essential Element of Family Support. (2015) (first ed.). Portland, OR. Recovered from https://www.rtc.pdx.edu/PDF/PresChild_Care_Administrators_7-27-07.pdf Bakken, J., Obiakor, F., Rotatori, A. (2012). Conduct issue. Bingley: Emerald. Honey bee, H., Boyd, D. (2013). The creating youngster. New York: Pearson. Blake, P. (2011). Youngster and Adolescent Psychotherapy. London: Karnac Books. Gerdes, L. (2010). Conduct issue. Detroit: Greenhaven Press. Gunter, M., Hasenclever, H. (2011). Procedure in youngster and immature investigation. London: Karnac. M. Brennan, E., H. Caplan, E., Ama, S. (2015). Remembering Children with Challenging Behavior for Child Care Settings (first ed.). Recovered from https://Element of Family Support Squash, E., Wolfe, D. (2010). Strange kid brain research. Belmont, CA: Wadsworth CENGAGE Learning. Palmer, S. (2011). Social work and youngster administrations. Oakville, Ont.: Apple Academic Press. Wicks-Nelson, R., Israel, A., Wicks-Nelson, R. (2013). Strange youngster and juvenile brain science. Boston: Pearson. Windell, J. (2012). The everything youngster brain science and advancement book. Avon, MA: Adams Media. LeCroy, C. (2011). Child rearing intellectually sick youngsters. Santa Clause Barbara, Calif.: Praeger.

Accepted Students Weekend A weekend to remember

Its almost that time of year again when Hult campuses around the world host three-day celebrations to congratulate and welcome accepted students and their families. Its a chance for the newest Hultians to meet future classmates from around the world and get a real taste of undergraduate life. Last year, we welcomed over 250 students from more than 40 different countries to our campuses in London, Boston, and San Francisco. Heres a look back at last years Accepted Students Weekend Last year, the team of Hult Student Ambassadors was on hand to answer questions and welcome accepted students from around the world. Events on campus included the opportunity to sit in on a real class with a Hult professor, time to chat with current students and campus staff, including theAcademic and Career Development teamsas well as theDean,and the chance to learn more about student clubs and societies. Parents had the opportunity to learn all about Hult too, with special QA sessions. Future students got an insider view of Hult through informal QA sessions with current students. Accepted students all had the chance to experience the Hult classroom first hand. In Boston, students were treated to a class with Professor of Practice and successful entrepreneur, Sheryle Bolton. Last year, special guest speakers included Hap Klopp, former President and Founder of The North Face, who sharedinsight on the world of business and the value of a global education. Hap Klopp spoke to students and parents in San Francisco. The second day wrapped up with an evening celebration at an exclusive venue in the city, while day three started bright and early with tours of London, Boston, andSan Francisco. The evening reception gave the students a chance to relax and socialize. Students in London saw the city from a whole new perspective with a Sunday river tour on the Thames. Guided tours gave students the chance to see the sights of the city—like the Golden Gate Bridge in San Francisco. Curious to get a behind-the-sceneslook at this truly global celebration? Take a look at the exciting event where the new undergrads got a chance to meet their professors and future classmates. For many students, Accepted Students Weekend is an unforgettable experience that confirms Hult is the right school for them. â€Å"In just one day, I fell completely in love with the school and with the city. I was certain of my decision to attend Hult. Everyone had a positive and friendly attitude, which made me feel less nervous about my first day at school! † Domenica Jativa, Undergraduate Class of 2021 Join us and attend this years Accepted Students Weekend! Register here Interested in finding out more about Hult’s transformative Bachelor of Business Administration program?Download a brochure. Kickstart your career with Hults undergraduate business school. To find out more, take a look at our blog Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Hult Rotation offers you a chance to study in a truly global way. Our rotation program allows you to study and be immersed in some of the finest cities in the world. 📠¸: @jasminmanzano . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . Each year, Hult seeks to enroll a talented and ambitious incoming class from all over the world. We look for diverse students with a wide range of experiences, perspectives, and interests—students who will thrive in our unique educational atmosphere. Are you ready for a truly global experience? 📠¸: @iambrunadiniz . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . We’re excited to start 2020 on a ranking high! Hult is proud to have been placed #28 in Poets Quants 2020 rankings for Best Undergraduate Business Schools in the US. Taking a huge leap of 32 places from our 2019 position, we’re also very happy to have secured top positions in key categories like: life-changing experience, practicality of the degree, and global immersion. . With five global campuses, a student body of over 130 nationalities, and a learn-by-doing approach—Hult offers a student experience like no other. . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . â€Å"I’m from an engineering background and needed a whole new skill set for the industry I wanted to switch to. I learned a lot about myself and how I deal with being out of my comfort zone. I learned both soft and hard skills, from how to work in very diverse teams to key accounting metrics and strategy. I was surprised by how weak I was at certain tasks in English or how strong I actually was in other areas. Hult gave me opportunities to try new things and meet people from places I never thought I would have friends. . My internship experiences gave me the chance to broaden my view of different cultures and different companies. I had the opportunity to work and live with people whose values differed from people in my home country. I thought that this would be difficult, but it gave me the chance to reflect on my own values and assess if they were a result of my home country environment or if they were intrinsically mine. . Diederick ter Kulve (@diederick.terkulve) Netherlands Masters in International Business . Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021 Say a big hello to our Bachelor of Business Administration program cover star, Elisa Orus Plana âÅ" ¨ . â€Å"I’m excited for the future—especially that I cant predict whats going to happen. Maybe Ill end up in Mexico working for a trading company or maybe in Africa, developing my own business. Everything is possible, and the options are constantly changing. I love the idea that Im never going to be stuck doing the same job until the end of my life if I dont want it to be like this. . Hult really supports me and my ambitions and truly believes that we deserve to be considered as professionals as well as students. Here, I get to express not just my opinions but all elements of myself. From my creative side with the Fashion Society to my finance and business sides in Trading Club and the Management Consulting Club. We get a different type of learning here. Not just essential knowledge and theory, but practical skills and mindset. The school is always evolving. We’re encouraged to innovate and to always look for new ways of doing traditional things. We learn how to be more confident and become aware of how we can impact our environment. The school aims to help you become a better version of yourself and to stand out from the crowd.â€Å" . Elisa Orus Plana French Bachelor of Business Administration Class of 2021"> During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. During the final days of 2019, you probably reflected on what you’ve accomplished this year—and even this decade—and what you’d like to achieve in 2020. Let us know in the comments below. â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"The first time we did group work on the program, I went head-to-head with a colleague. It taught me a lot about how I see people, how people see me, and how conflict can be resolved in a kind and productive way. The best feedback you get, when delivered constructively, is the most critical because it really feeds into how you lead. I’ve completely reversed my leadership style—the result is so much richer and more powerful when you lead from behind and lead with strength. . Studying in tandem with working, whilst challenging, gave me the perfect platform to directly apply learning concepts into my business environment, the competitive landscape, and the real-estate industry as a whole. When I started the program, I was very happy in my corporate role. But my courage and aspirations grew to the point that I took on a whole new direction. Having my career coach, Joanna, as a sounding board allowed me to really be strategic and get to know myself. She coached me thro ugh all the interviews, the research, and the questions. It went in parallel with what I was doing academically and after six months everything just clicked. . I went into the EMBA knowing I had nothing to lose and I’ve come out with everything. Great strength, global friends, amazing learning, mentors from professors, a job I love, and the knowledge that I can set my mind to achieve anything and with the right support and resources I’ll get there.† . Kashani Wijetunga British, New Zealand Sri Lankan Associate Director Senior Strategy Consultant CBRE EMBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . â€Å"It was now or never. I knew that I’d have likely stayed in my neighborhood for years to come if I didn’t take this opportunity. I’d not lived or studied outside of the U.S. before. So I left my job as a global strategist at an advertising agency and moved halfway around the world. I’ve come back a more culturally aware, well-versed person. I’ve realized that everything is a learning experience and an opportunity for growth. Ill definitely carry this mindset with me into the future. Technology and social media allow us to be different people in several places at once. Im excited to see how I can establish myself in whatever city Ill be lucky enough to call home and still maintain deep connections with people all over the world. I’m inspired by my classmates every day. Hearing some of their life stories and how getting this degree fits into their greater mission has been very humbling. My biggest challenge has been finding the ‘right’ path for me. There have been rooms Ive felt like I shouldnt be in, but now Im proud to feel as though I truly belong, wherever I am.† . Dwayne Logan, Jnr. American MBA Class of 2019 . Happy New Year, Hultians! . Happy New Year, Hultians! .

Should College Be High School - 862 Words

This class is one of the most major events that has happened to me so far. Choosing to take college classes while I’m in high school was a daunting decision. I’ve heard my councilors say things along the lines of â€Å"that’s really brave† and â€Å"good for you, getting a jumpstart on college†, but in reality, I’m just trying to beat the clock. In all honesty, this assignment was really difficult. The first time I read the instructions, for whatever reason, I thought we were to write a five-page memoir about our whole entire lives, which wouldn’t have been too difficult, even though I’m only fourteen. Writing five pages about one event is much, much tougher. I decided to write about doing college in high school, because no matter how you look at it, these will affect my future. There will be the obvious consequences: getting a degree faster, being able to further my education at a quicker pace, etc., but there I’m sure, down the road, there will be previously unforeseen consequences. To prepare for this class, I had less than others. I have elementary school under my belt, as well as Middle School. Most people in college have also had high school to prepare them for college, but I think I almost have better. In elementary, I had pretty top-notch teachers, they never let my other peers and I get away with not giving it our all. Back when I was in those classes, I despised my teachers for not letting me slack off every now and then, now though, I thank them from the very bottom ofShow MoreRelatedShould College Be High School?849 Words   |  4 PagesBefore coming to college, I was always in a rush to hurry up and graduate then enter college. During my highschool years I didn t spend any of my time with friends on school campus nor did I spent time getting to know people. I thought highschool was a complete waste of time and if i could zip through it and get good grades I would get high school over with at a fast pace. 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Business Plan for a Builder Stuart Building Contractors

Question: Produce a Business Plan for a new builder who is about to commeence business as a small builder involved in the housing market? Answer: Executive Summary This paper provides an insight to the business plan for Stuart Building Contractors in Victoria, Australia. The limited liability company is owned by Mr. Robert Davis. Presently the company is targeting the residential building construction segment of Victoria. The building company will provide comprehensive range of service including renovation and alteration, designing and planning, permission, site preparation, cement works, painting, plumbing and installation of other utilities and carpentry. Registration requirement must be fulfilled by the company before starting the business activities. This paper has developed marketing strategy along with the human resource strategy for the business. Financial considerations included balance sheet, profit and loss statement and cash flow statement. In order to start the business, the company requires startup capital of $26,150. Introduction This paper focuses on developing a business plan for a new builder; Stuart Building Contractors is a small construction company in Victoria, Australia. A comprehensive business plan will help in getting an idea regarding the future operations of the organization. This paper will include services offered by the organization, market analysis, development of marketing strategies, human resource plan for the company along with the financial plan. This paper will include projected financial statement of the company (Abrams, 2003). First of all, a brief company overview is presented along with the registration requirement of the building company. It has been forecasted that for the first year sales will be $ 730,400. The company is primarily targeting the residential housing market and depending on the performance the owner, Mr. Robert Davis will focus on targeting the commercial construction segment of Victoria. Company Overview and Services Stuart Building Contractors is owned by Mr. Robert Davis in Victoria, Australia. The firm is planning to target the market of residential construction segment. However, the company aims to target the commercial construction segment depending on the performance of the company in residential construction works. The company is planning to start its activity as a limited liability company registered in Victoria and exclusively owned by Mr. Robert Davis. Stuart Building Contractor has been offering a comprehensive package of building construction services for achieving high level of satisfaction from the clients (Kramon, 2007). The services of Stuart Building Contractors include the following: Renovation and alteration Designing and planning Permission (Schaufelberger, 2009). Site Preparation Cement works Painting Plumbing and installation of other utilities Carpentry (Fewings, 2005). Registration In order to start a building company in Victoria, it is important to register with the Building Practitioners Board in Victoria (Dezhi and Wenjing, 2014). It is essential for the building companies which are engaged or planning to engage in performing domestic building activities which costs more than $ 5,000 and any work that requires permit. It is important to ensure that the application for the registration with the Practitioners Board in Victoria has been processed and confirmed by the authority before starting the work. Hence, the company must meet all the registration criteria for commencing all the business activities by complying with the regulatory framework (Vba.vic.gov.au, 2015). Premises and Equipment Rent will be paid for the office premises which are located in Melbourne, Victoria. It is better to chose hire purchase option for utilizing equipments which will not require high initial investment. Additionally, some equipment will be purchased which is considered to be the long term investments of the company (Blackwell, 2008). Insurance It is important to ensure to be insured for meeting the regulations. It is referred as Builders Warranty Insurance. In case of domestic building if the labor and material cost exceed $ 16,000 must be provided by a builder. It will cover the cost up to $300,000 for fixing the structural defects for the next 6 years and non structural defects for the next 2 years (Vba.vic.gov.au, 2015). Market Analysis The building and construction industry in Victoria is a major driver of the economic development of the state. Stewart Contractors is engaged in construction of residential and office building. The data of 2011 showed that over 9% of the total work force of Victoria is engaged in the construction business (Vba.vic.gov.au, 2015). Competition Analysis The construction industry is a very competitive and high risky business. The competition in the construction industry in Victoria is large. Main reason behind the competition among the various construction industries is the cost in the process of tender selection. Among the various residential builders in Victoria, Metricon Homes is the largest builder. The second largest builder in Victoria is the Alcock/ Brown Neaves Group (CQ News, 2015). They have an already established market in Victoria. In order to survive in this tough competitive scenario it is important for Stewart Contractors to bring out lowest cost tenders (Strategic Alliances in Building Construction: A Tender Evaluation Tool for the Public Sector, 2015). The market success of the company will depend on the price of the tender in order to survive in the competitive market (Submission by the Victorian Civil Construction Industry Alliance, 2013). Target market The office building construction has the highest average margin of profit. Thus the focus of the Stewart contractors will be servicing these customers. The marketing activity will focus on acquiring customers engaged in the construction of the building. The clients engaged in the construction of large buildings require projects that are large in scope, use of land and cost. The target market is seen to be most sensitive to the time taken for competition of construction. Apart from focusing on the construction of office building, Stewart contractors have to apply strict cost accounting and effective supply chain management to capitalize the project without reducing the profit margin (Abs.gov.au, 2015). Market Segmentation The potential market for Stewart Contractors includes all the various business houses in Victoria. They will also spread their business to the suburbs of Victoria (Safeworkaustralia.gov.au, 2015). The company will generally concentrate on the customers that will provide the greatest margin. The company will be able to generate profit by focusing on customers desiring construction of the office building. This segment is considered as the fastest growing segment. They will also service clients belonging to the other segments of the construction industry like the construction of restaurant segment and other special facilities segment like the construction of theatres and gas stations (A case for an Australian Construction Strategy, 2015). Marketing strategy The marketing and servicing strategy will focus towards the clients involved in the building construction. Stewart contractors will market about the company using variety of methods. The plans that can be implemented by Stewart Contractors include use of the referral systems. They will also publish ads. The ads published in the newspapers and the internet will help the company to acquire new contacts. Thus they can gain new contracts with the real estate companies. Since the construction industry is a booming sector in Victoria, Stewart Contractors can gain a very advantageous contract from the suppliers. This will help the company to obtain the materials at a discount. The company can acquire new contractors by offering tenders at a lower rate than the competitors. At the initial stage it will help Stewart Contractors to underbid its rivals. This will help Stewart Contractors achieve a low cost leadership role. The low cost leadership will help to win contract by the process of bidd ing. This will be an important process for the new start up business for winning the contracts in the process of bidding. The strategy of advertising via print media and internet will secure an advantageous position for the construction business. The marketing strategy of Stewart Contractors will include entering into business with suppliers that will obtain material at a discount rate (Vic.gov.au, 2015). Human Resource Plan Human resource is considered to be the one of the critical factor for organizational success. In Stuart Building Contractors Mr. Robert Davis will be the CEO of the firm. Mr. Jonathon Lewis will be appointed as the Project Manager as he has relevant experience of 10 years. Mr. Jude Fosse will be appointed as the office manager cum accountant with work experience of 2 years. Mr. Tom Frost will be appointed as job supervisor will be appointed for monitoring the activities of the labors on site. He has an experience of 5 years in the construction industry. Temporary employees will be recruited as per need. In the following table human resource budget has been presented (Lester and Lester, 2007). Name Designation Annual Expenses Mr. Robert Davis CEO $ 45,000.00 Mr. Jonathon Lewis Project Manager $ 30,000.00 Mr. Jude Fosse Office Manager/ Accountant $ 24,000.00 Mr. Tom Frost Job Supervisors $ 12,000.00 Temporary Employees/ Labors Workers $ 60,000.00 Total Expenditure $ 171,000.00 Safety It has been observed that the small construction business owners encounter daily pressure of running a business. The business owners are concerned about managing health and safety in workplace. Construction activities are associated with high risk. Hence, the company must focus on minimizing risk. In case of high risk construction work, the company needs to ensure that a safe work method statement (SWMS) is prepared before starting the building activities (Worksafe.vic.gov.au, 2015). Following prevention mechanism must be adopted by the company: Load shifting instruments such as hand truck, forklift, cranes etc must be used for delivering bulky materials at the location. The contractor must made orders of small sizes The employer must ensure that the workers use appropriate protective equipments such as knee protection pads, gloves etc. Sharp edges must be covered in order to avoid injuries (Worksafe.vic.gov.au, 2015). Proper training must be provided to the workers. The unsafe working conditions must be immediately reported to the supervisor (Ferguson and Janicak, 2005). Financial Consideration This section will focus on analyzing the financial projections of Stuart Building Contractors for the next one year. This section will include tables for forecasting sales, direct costs, profit and loss statement, balance sheet, cash flow of the business. Some assumptions have been made for the financial projections. First of all, the interest rate is considered to be 10%. Secondly, the tax rate is considered to be 30% (McKeever, 2012). Start up Cost: Start up cost helps in indicating the initial investment required for the business. The following table has estimated the start up cost to be $ 26,150 (Morris, 2011). START-UP COSTS Cost Registrations Business name $ 100 Licenses $ 750 Permits $ 250 Domain names $ 150 Trademarks/designs/patents $ 300 Vehicle registration $500 Membership fees $ 150 Accountant fees $ 1,000 Rental lease cost (Rent advance/deposit) $ 2,200 Utility connections bonds (Electricity, water) $ 500 Phone connection $ 300 Internet connection $ 350 Computer software $ 1,000 Training $ 1,200 Wages $ 7,000 Stock/raw materials $ 3,000 Insurance Building contents $ 1,500 Vehicle $ 1,000 Professional indemnity $ 500 Workers compensation $ 500 Business assets $ 500 Printing $ 100 Stationary office supplies $ 300 Marketing advertising $ 3,000 Total start-up costs $ 26,150 Sales Forecast and Direct Cost of Sales: Sales Forecast January February March April May June July August September October November December New Construction $ 12,100.00 $ 13,500.00 $ 17,000.00 $ 19,000.00 $ 21,000.00 $ 25,000.00 $ 28,000.00 $ 30,000.00 $ 28,000.00 $ 25,000.00 $ 27,000.00 $ 20,000.00 Alteration Work $ 10,890.00 $ 12,150.00 $ 15,300.00 $ 17,100.00 $ 18,900.00 $ 22,500.00 $ 25,200.00 $ 27,000.00 $ 25,200.00 $ 22,500.00 $ 24,300.00 $ 18,000.00 Repair Work $ 10,285.00 $ 11,475.00 $ 14,450.00 $ 16,150.00 $ 17,850.00 $ 21,250.00 $ 23,800.00 $ 25,500.00 $ 23,800.00 $ 21,250.00 $ 22,950.00 $ 17,000.00 Total Sales $ 33,275.00 $ 37,125.00 $ 46,750.00 $ 52,250.00 $ 57,750.00 $ 68,750.00 $ 77,000.00 $ 82,500.00 $ 77,000.00 $ 68,750.00 $ 74,250.00 $ 55,000.00 Direct Cost of Sales New Construction $ 8,228.00 $ 9,180.00 $ 11,560.00 $ 12,920.00 $ 14,280.00 $ 17,000.00 $ 19,040.00 $ 20,400.00 $ 19,040.00 $ 17,000.00 $ 18,360.00 $ 13,600.00 Alteration Work $ 7,405.20 $ 8,262.00 $ 10,404.00 $ 11,628.00 $ 12,852.00 $ 15,300.00 $ 17,136.00 $ 18,360.00 $ 17,136.00 $ 15,300.00 $ 16,524.00 $ 12,240.00 Repair Work $ 7,096.65 $ 7,917.75 $ 9,970.50 $ 11,143.50 $ 12,316.50 $ 14,662.50 $ 16,422.00 $ 17,595.00 $ 16,422.00 $ 14,662.50 $ 15,835.50 $ 11,730.00 Total Direct Cost of Sales $ 22,729.85 $ 25,359.75 $ 31,934.50 $ 35,691.50 $ 39,448.50 $ 46,962.50 $ 52,598.00 $ 56,355.00 $ 52,598.00 $ 46,962.50 $ 50,719.50 $ 37,570.00 Budgeted Profit and Loss Statement: (Ref: (Haag, 2013)) January February March April May June July August September October November December Sales $ 33,275.00 $ 37,125.00 $ 46,750.00 $ 52,250.00 $ 57,750.00 $ 68,750.00 $ 77,000.00 $ 82,500.00 $ 77,000.00 $ 68,750.00 $ 74,250.00 $ 55,000.00 Direct Cost of Sales $ 22,729.85 $ 25,359.75 $ 31,934.50 $ 35,691.50 $ 39,448.50 $ 46,962.50 $ 52,598.00 $ 56,355.00 $ 52,598.00 $ 46,962.50 $ 50,719.50 $ 37,570.00 Gross Profit Margin $ 10,545.15 $ 11,765.25 $ 14,815.50 $ 16,558.50 $ 18,301.50 $ 21,787.50 $ 24,402.00 $ 26,145.00 $ 24,402.00 $ 21,787.50 $ 23,530.50 $ 17,430.00 Gross Margin (%) 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% 31.69% Expenditures Payroll $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 $ 14,520.00 Sales and Marketing $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 Depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Rent $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Utilities $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 Insurance $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Others $ 100.00 $ 250.00 $ - $ 50.00 $ 140.00 $ 120.00 $ 65.00 $ 190.00 $ 45.00 $ 100.00 $ 210.00 $ 110.00 Total Operating Expenditures $ 15,570.00 $ 15,720.00 $ 15,470.00 $ 15,520.00 $ 15,610.00 $ 15,590.00 $ 15,535.00 $ 15,660.00 $ 15,515.00 $ 15,570.00 $ 15,680.00 $ 15,580.00 Profit before Interest and Tax $ (5,024.85) $ (3,954.75) $ (654.50) $ 1,038.50 $ 2,691.50 $ 6,197.50 $ 8,867.00 $ 10,485.00 $ 8,887.00 $ 6,217.50 $ 7,850.50 $ 1,850.00 Interest Paid $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Tax Incurred $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Net Profit $ (5,344.85) $ (4,274.75) $ (974.50) $ 718.50 $ 2,371.50 $ 5,877.50 $ 8,547.00 $ 10,165.00 $ 8,567.00 $ 5,897.50 $ 7,530.50 $ 1,530.00 Net Profit (%) -16.06% -11.51% -2.08% 1.38% 4.11% 8.55% 11.10% 12.32% 11.13% 8.58% 10.14% 2.78% (Ref: (Pearce, 2006)) Balance Sheet January February March April May June July August September October November December Assets Current Asset Cash $ 23,292.50 $ 25,987.50 $ 32,725.00 $ 36,575.00 $ 40,425.00 $ 48,125.00 $ 53,900.00 $ 57,750.00 $ 53,900.00 $ 48,125.00 $ 51,975.00 $ 38,500.00 Accounts Receivable $ - $ 9,982.50 $ 11,137.50 $ 14,025.00 $ 15,675.00 $ 17,325.00 $ 20,625.00 $ 23,100.00 $ 24,750.00 $ 23,100.00 $ 20,625.00 $ 22,275.00 Other Current Asset $ - $ 100.00 $ 150.00 $ 110.00 $ 110.00 $ 120.00 $ 125.00 $ 100.00 $ 150.00 $ 120.00 $ 70.00 $ 100.00 Total Current Asset $ 23,292.50 $ 36,070.00 $ 44,012.50 $ 50,710.00 $ 56,210.00 $ 65,570.00 $ 74,650.00 $ 80,950.00 $ 78,800.00 $ 71,345.00 $ 72,670.00 $ 60,875.00 Non-current Asset Long term assets $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 Accumulated depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Long Term Assets $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 20,000.00 Total Assets $ 43,292.50 $ 56,070.00 $ 64,012.50 $ 70,710.00 $ 76,210.00 $ 85,570.00 $ 94,650.00 $ 100,950.00 $ 98,800.00 $ 91,345.00 $ 92,670.00 $ 80,875.00 Liabilities and Capital Current liabilities Accounts Payable $ 20,963.25 $ 23,388.75 $ 29,452.50 $ 32,917.50 $ 36,382.50 $ 43,312.50 $ 48,510.00 $ 51,975.00 $ 48,510.00 $ 43,312.50 $ 46,777.50 $ 34,650.00 Short term debts $ 4,000.00 $ 5,500.00 $ 7,363.13 $ 8,229.38 $ 9,095.63 $ 10,828.13 $ 12,127.50 $ 12,993.75 $ 12,127.50 $ 10,828.13 $ 11,694.38 $ 8,662.50 Other current liabilities $ 329.25 $ 8,681.25 $ 7,196.87 $ 10,563.12 $ 11,231.87 $ 10,929.37 $ 15,512.50 $ 17,981.25 $ 19,162.50 $ 18,854.37 $ 16,098.12 $ 19,312.50 Total Current Liabilities $ 25,292.50 $ 37,570.00 $ 44,012.50 $ 51,710.00 $ 56,710.00 $ 65,070.00 $ 76,150.00 $ 82,950.00 $ 79,800.00 $ 72,995.00 $ 74,570.00 $ 62,625.00 Long Term Liabilities $ 4,000.00 $ 4,500.00 $ 6,000.00 $ 5,000.00 $ 5,500.00 $ 6,500.00 $ 4,500.00 $ 4,000.00 $ 5,000.00 $ 4,350.00 $ 4,100.00 $ 4,250.00 Total Liabilities $ 29,292.50 $ 42,070.00 $ 50,012.50 $ 56,710.00 $ 62,210.00 $ 71,570.00 $ 80,650.00 $ 86,950.00 $ 84,800.00 $ 77,345.00 $ 78,670.00 $ 66,875.00 Paid in Capital $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 Retained Earnings $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total Capital $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 $ 14,000.00 Total Liabilities and Capital $ 43,292.50 $ 56,070.00 $ 64,012.50 $ 70,710.00 $ 76,210.00 $ 85,570.00 $ 94,650.00 $ 100,950.00 $ 98,800.00 $ 91,345.00 $ 92,670.00 $ 80,875.00 Cash Flow Statement: January February March April May June July August September October November December Cash Received from operations $ 23,292.50 $ 25,987.50 $ 32,725.00 $ 36,575.00 $ 40,425.00 $ 48,125.00 $ 53,900.00 $ 57,750.00 $ 53,900.00 $ 48,125.00 $ 51,975.00 $ 38,500.00 Cash Spent on Operations Payroll $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 $ 14,500.00 Sales and Marketing $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 $ 250.00 Depreciation $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Rent $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Utilities $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 $ 100.00 Insurance $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 Interest Paid $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Others $ 100.00 $ 250.00 $ - $ 50.00 $ 140.00 $ 120.00 $ 65.00 $ 190.00 $ 45.00 $ 100.00 $ 210.00 $ 110.00 Cash outflow for operations $ 15,870.00 $ 16,020.00 $ 15,770.00 $ 15,820.00 $ 15,910.00 $ 15,890.00 $ 15,835.00 $ 15,960.00 $ 15,815.00 $ 15,870.00 $ 15,980.00 $ 15,880.00 Cash Received from investment activities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Cash spent on investment activities $ 15,000.00 $ - $ - $ 1,000.00 $ - $ - $ - $ - $ 5,000.00 $ - $ - $ - Cash Received from financing activities $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Cash Spent on financing activities $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 $ 320.00 Cash Balance $ (7,897.50) $ 9,647.50 $ 16,635.00 $ 19,435.00 $ 24,195.00 $ 31,915.00 $ 37,745.00 $ 41,470.00 $ 32,765.00 $ 31,935.00 $ 35,675.00 $ 22,300.00 (Ref: (Ross, Westerfield and Jaffe, 2005)) Conclusion This paper has provided an insight to the business plan of Stuart Building Contractors in Victoria. It is a limited liability company and focus on the residential building projects. It has been focusing on achieving success through offering high quality comprehensive services. The construction market in Victoria is found to be highly competitive. Additionally, sales have been forecasted along with profit and loss statement, cash flow statement and balance sheet. Moreover, start up cost has been calculated so that the owner can acquire adequate capital and necessary equipments. This paper has also discussed the safety concerns in the building industry. References A case for an Australian Construction Strategy. (2015). 1st ed. [ebook] pp.1-10. Available at: https://constructionedge.com.au/wp-content/uploads/2014/02/Commonwealth-Government-Productivity-and-Industry-discussion-Feb-2014-II.pdf [Accessed 12 Mar. 2015]. Abrams, R. (2003).The successful business plan. Palto Alto, Calif.: Planning Shop. Abs.gov.au, (2015). 1301.0 - Year Book Australia, 2012. 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(2007).Project management, planning and control. Amsterdam: Elsevier/Butterworth-Heinemann. McKeever, M. (2012).How to write a business plan. Berkeley, CA: Nolo. Morris, M. (2011).Starting a successful business. London: Kogan Page. Pearce, L. (2006).Business plans handbook. Detroit, MI: Thomson Gale. Ross, S., Westerfield, R. and Jaffe, J. (2005).Corporate finance. Boston: McGraw-Hill/Irwin. Safeworkaustralia.gov.au, (2015). Construction statistics - Safe Work Australia. [online] Available at: https://www.safeworkaustralia.gov.au/sites/swa/statistics/industry/construction/pages/construction [Accessed 12 Mar. 2015]. Schaufelberger, J. (2009).Construction business management. Upper Saddle River, N.J.: Prentice Hall. Strategic Alliances in Building Construction: A Tender Evaluation Tool for the Public Sector. (2015). 1st ed. [ebook] pp.1-10. Available at: https://eprints.qut.edu.au/30062/1/30062.pdf [Accessed 12 Mar. 2015]. Submission by the Victorian Civil Construction Industry Alliance. (2013). 1st ed. [ebook] pp.3-10. Available at: https://www.pc.gov.au/__data/assets/pdf_file/0020/131564/sub028-infrastructure.pdf [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015). Home | VBA Website. [online] Available at: https://www.vba.vic.gov.au/ [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015).Building registrations | VBA Website. [online] Available at: https://www.vba.vic.gov.au/practitioners/building-registrations [Accessed 12 Mar. 2015]. Vba.vic.gov.au, (2015).Domestic building insurance | VBA Website. [online] Available at: https://www.vba.vic.gov.au/consumers/domestic-building-insurance [Accessed 12 Mar. 2015]. Vic.gov.au, (2015). Building regulations codes | Victorian Government. [online] Available at: https://www.vic.gov.au/property-planning/building-construction/building-regulations-codes.html [Accessed 12 Mar. 2015]. Worksafe.vic.gov.au, (2015).Preventing Injury. 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