Preparing a reflective report

Preparing a reflective report Reflective report is the report which covers different stages of the business plan that includes development, idea initiation, business plan development, generating the presentation and feedback. Also is personal role and reflection of the meaning of business plan to determine the knowledge and our involvement in preparing the report which help the student to analyse the whole process of developing business plan from ideas developing to generation of plan. 2. THE TEAM WORK Our business plan group was made up of four members including myself and Saida M. Bandawe, Edna Mtema and Grace Sikaona with the help of our tutor. After we form our group we planned to meet after classes and discuss different business ideas from each member of the team and we decide to work on the Trash Collection project after confirmation with our class lecture. The reason of choosing this project is to prevent environmental pollution in Mikocheni society as well as Dar es Salaam city in the future. The roles distribution ere based on the area of specialisation so as to be able to give contributions in the form of ideas to progress with business plan preparation. Criteria for distribution of roles were convenience, experience, comfort and awareness in terms of how things are done for the success of the company. 2.1 The role In our team we discussed all tasks together in order to give everyone a chance to suggest not only the task they agreed to work on, but also to be aware on how to prepare the parts in business plan. For example every week we had to work one task, everyone on her own and at the end of the week we meet to discuss the ideas and then conclude which is the best. The roles were as follows: Saida M Bandawe did on operational plan and management team and report writer. Edwardina N. Karugendo worked on financial plan and risk assessment. Edna Mtema ,has worked on the business opportunity and industry analysis of our business Grace Sikaona has prepare the details on marketing and also financial plan. 2.2 Specializations Every team member specialised in those roles based on the criteria put forward earlier above which she felt comfortable to deliver the best of the ideas on the field. I worked on Marketing and financial plan as Im currently working in the bank as payment officer. It was easy to me to do financial statements for our business project. 2.3 Contributions of team members All members participated actively in preparation of all the business plan from ideas to complete document, members worked together in all stages until successful submission of the business plan. There were different kinds of contributions from members such as voluntary report writing and collection of data a round different Municipal Council stationeries etc. 2.4 Team forming process The team forming in our class was done by each classmate looking mates she/he can work well and form the best group. After we form our group, the lecture ask each group to find four business ideas, then discuss with her the best based challenging, helpful to the society and not common business among four ideas. 2.5 Efficiency of team work We managed to finish our business plan as planned and submitted on time. The fact that we used to work together and discuss all as a group which has minimised complaints towards a person assigned on that task in case something went wrong or not clear. 3. PROCESS OF IDEA INITIATION 3.1 Arriving at the idea of the business plan The training we got at IIT on Small Business Development for almost six month, has made us to understand how to plan and start up a business and see the need of selecting a specific segment to focus upon. 3.2 Choice from the possible ideas Idea is a purpose or guiding principal. Our group had different ideas such as: Restaurant Tailoring Trash Collection We decided to take the idea of Trash Collection project because we were concerned with preventing environmental pollution in Mikocheni society as well as Dar es Salaam city for the future. Also by considering the World environmental crisis, so by doing this business not only we will be benefit financially but also we will play a big role in protecting our environments. 3.3 Lesson I learnt from the process of idea initiation (Theories) Through business plan preparation I learned a lot and one is time consuming and a tedious work, one need to be passion in a subject and free his or her mind so as to grasp exactly the knowledge that the subject carries. Also I get chance to practice what we learn in class from first year Diploma to my third year. For example a) Marketing theory i) selecting a target market( A niches market) We chosen Mikocheni area as a narrow group of Dar es Salaam city resident but similar interest. (Barringer, B.R. and Ireland, R.D pg 318) b) Financial Theory For any entrepreneur has to have four financial objective which are i) Profitability -Our company ability to make profit ii) Liquidity -Our company ability to meet its short term obligation iii) Efficiency- How productively a firm utilizes its asset iv) Stability -The overall healthy of the company financial structure of our business, particular as it rrelates to its debt-to- equity ratios.( Barringer, B.R. and Ireland, R.D pg 222) I also learnt that sharing ideas with others is very important as it gives a chance to students to examine the ideas deeply as a way to see if it can be implemented, possible merits and demerits, challenges and issues which need a close attention before moving into consideration 4. PRESENTATION EXPERIENCE It is important to present a business plan because it builds a confidence and ability to express she/he ideas and views to the panel 4.1 Importance of the presenting the business plan Presenting in a group might not be a good way instead in our class we had an opportunity for each one of us to present their business plan singly and each members has to present at least two slide, for me this was an excellent way as it helps us to build confidence in defending our opinions and thoughts when answering the questions raised by the panel. During presentation I learnt the following: During presentation is important to be prepared and well organized, otherwise you will end up shaking and get nervous, and hence no massage will be delivered to the audience. In presentation one must focus on what s/he is going to accomplish with the requested capital and less on high level markets statistics. Its important to hold presentation for less than one hour in order to maintain panel attention and not get tired or bored with the presentation. Also in presentations, awareness of the time available to cover important points within that period and maintain presentation flow. Ability to jump back into the presentation after having answered the questions from the panel,, where more clarification on solution of a problem was demanded. Presentation help me to builds more confidence as it was my first time to do presentation, and hope next time it will be more enjoyable and much I learned from this presentation will help me 4.2 Learning Experiences Through the course of small business development I have learned that in order to develop any kind of business someone need to understand the market opportunity either by finding the gape, observing the trend or solving the problem, then the next step will be the business planning. 5. ALTERNATIVE SCENARIOS The prediction of growth in our business plan was optimistic; thus why we put our business idea in the market, get loan from EXIM Bank for the remaining part of the capital required in order to operate business and hoping after three to five years we might manage to return the loans due to high demand of our services. As Entrepreneurs we know every business has its negative and positive outcomes, if EGES Trash Collection does not grow as predicted we will ask help from the AJM Company which has experiences in the trash collection industry to boost the growth depending on what was the reason behind the failure. For example, if the failure was operational, we may ask them to train the operation manager to be trained by their experienced operational manager. 5.1 Usefulness of the business plan By using our business plan, our company can use it as a guide and means to see how well the results of the business are. Also the business plan has put all necessary strategy down which will help the management to use it as guidelines in daily operations activities. For example, the marketing plan guides as an instrument which creates public awareness to potential customers, maintain relationship with the present and retain loyal customers, plan and schedule by taking actions. Also it helps to get feedback from customer on how we are providing the services. Also financial plan will help us to see the direction of the business in terms of income and expenses of the company as are mentioned and projected in years to come, showing where the company would be and where the company stands at present. 5.2 Limitation of the business plan Our business plan if it happens to be implemented the following could be the limitations: Government Law- according to our government law that no one can register the company for trash collection like other company providing services instead has to be sub-contracted by respective municipal or approved trash Collection Company. Bad Infrastructures- with respective to our area of trash collection of Mikocheni resident the street are not organised/viable, this results in hindering the process of collecting trash to be difficult or not possible at all to pass through the street roads especially during rain seasons Resident movement- Most of families in Dar es Salaam, particular in Mikocheni area, the residents are moving from one area to another due to yearly increase of the lease. This will results to bad debtors to our company as there are no National ID to track them to pay their bills accordingly. 6. Conclusion Business plan play all the above mentioned roles in our business development, this is an important document for the life of the company and should be confidential. Business plan needs team dedication in terms of time and idea sharing. For sure each part needs critical analysis for the business to grow and that financial plan is company backbone even if it hectic work to come up with accurate figure in preparing financial projection. All required is the that all members to be proactive on each section such as industry analysis, viability of the business and marketing plan for the business plan for the benefit of their business, Also the Government need to change the law for trash Collection Company registration to be like other companies providing different services. This will help to have best company as the city cleanness is not yet met International standards and also more companies registration will increase competition which might improve the quality of the service provided to the resident and the services cost might decrease.

Crime and Hurricane Katrina Essay

Hurricane Katrina caused many forms of distress, displacement and disruption to the community of New Orleans and the citizens most certainly were forced to act in drastic ways for survival. The response by the people has been considered forms of criminal activity and in all senses of legal activity has been defined as crime. Acts of looting and violence were reported by many reporters of various news media. Crimes were not only committed by everyday citizens of New Orleans, but volunteer workers as well and even, what people saw as the most shocking display of violence and betrayal of trust, by the Law Enforcement Officials as well. What is also interesting is how this destructive event altered the residents’ perception of what is crime and what can be considered criminal. What was once considered to be a betrayal of trust towards another member of the community had been transformed into an activity that was now a means of survival. Some of the acts varied from a â€Å"need† to steal because they â€Å"had to† (i. e. , stealing from Bath and Body works for soap, supermarkets for food, water, clothes, etc. ) and then increasing to other side of the spectrum to murder of strangers, friends, and even family. Hurricane Katrina caused a massive social disruption to the people of New Orleans and this catastrophic event would eventually lead to their breakdown of societal rules and values. And it is this breakdown that would not be lost to the eyes of the news media and would be broadcast everywhere, all across the world (of Katrina, apocalypse 2005). The New York Times gave many accounts of the violence, destructive and slide into anarchy that was happening in New Orleans. One article, published September 29th, 2005, After Katrina, crimes of the imagination, detailed the mass amount of looting and violent crimes in the area. The article details the fears and horrors of becoming a broken society and living in fear of your once loved neighbor. Another thing this article seemed to touch on was that it was possible that fear was actually caused by a trick of the mind. â€Å"†¦Some, but not all, of the most alarming stories were figments of frighten imaginations, the product of no reliable communications, and perhaps the residue of raw relations between some police officers and members of the public. † Speaking of the â€Å"raw relations between some police officers and members of the public,† these supposed raw relations were only further hurt and ripped apart by actions made by the police department themselves. Five police officers were accused and convicted (six years later) of shooting and killing defenseless citizens attempting to cross a bridge in search of food, water and shelter. These same officers along with the help of their department attempted a brilliantly mastermind plot to cover up their crime. This included â€Å"made-up witnesses, falsified reports, and a planted gun† to prove that they were under fire by the citizens and were only trying to protect themselves. This news article Jury Reaches Guilty Verdict in Hurricane Katrina Shootings Trial by Fox News shows the corruption and hidden brutality of the law enforcement department of New Orleans. In association with police corruption and brutality, there was a similar crime committed by five different police officers a mere two days before the crime previously mentioned. An injured 31 year old male was taken to the temporary headquarters of police by his friends in search of help. The officer drove off with the car with the injured male still in the back seat and his remains were found in the torched car. The implicated officer, for shooting the injured male and attempting to cover up by burning the car with the body still inside (oddly enough) was charged with a civil rights violation and the remaining four were charged with obstruction of justice. This just yet another article (5 cops charged in post-Hurricane Katrina shooting, burning death) found in the Daily News archives describing the corruption and brutality of law enforcement in the face of disaster. However the actual brutality of the police system is not entirely at fault on its own. In a New York Times article: More Horrible Than Truth: News Reports published September 19th 2005, described of the crimes of the people against each and against law enforcement. There were gangs shooting at rescue crews, emergency room physicians were being confirming the rising amount of murders and rapes, and there were eye witness accounts of police officers being shot at while trying to help out a group of helpless victims. While there is no excusing the horrible brutalization by the police department, it is clear to see that all of it is not always unprovoked. There have also been many other forms of crime in the wake of Hurricane Katrina that do not involve looting and murder. There have also been crimes by the state and government which have affected the residents of New Orleans. In Time Runs Out for St. Bernard Parish, an editorial in The New York Times, the housing and racial discrimination was brought to light. The parish was banning anyone who was not a â€Å"blood relative† from seeking shelter at the parish. Since being in a predominantly white neighborhood this was implied to many any people of color was banned from the church. There were also crimes against the government through insurance fraud and lawsuits. Insurance companies were defrauding their clients (Attorneys arrive for opening of first Katrina insurance lawsuit, 2006) and then also evacuees of New Orleans were attempting to fraud insurance money away from FEMA and FBI grants (Katrina: Four Years Later, 2009). The aftermath of Katrina was no match for the crime that occurred during and after it. The crime destroyed the faith and rationality of the people which prolonged and deepened the chaos of New Orleans. The news media as always played a big role in the hype of the crime wave but without the media the true seriousness of the crime would have never been investigated and given proper consideration to improve.

A Fools Manual to Abortion Essay Topics

A Fool's Manual to Abortion Essay Topics Abortion Essay Topics Can Be Fun for Everyone The structure and total format of your abortion essay outline may change and depend on the writing style you're supposed to utilize in your essay. When you're writing an abortion argumentative essay, you're totally free to support any side that you desire. Abortion has major topics that could be clearly discussed in the primary body of an essay. Below are only a few examples that could help in narrowing the range of abortion. Abortion is a well-known term because of its controversy. It is a controversial subject that has been continually argued over for the last 30 years. Abortion is also called a termination', but a great deal of men and women prefer using the lighter term abortion'. Abortion is a critical issue and it needs to be researched upon more. It should not be considered as murder in the early stage, which is the first ten to twelve weeks. It is not the easy way that people think. Abortion is a rather sensitive matter. It is a very regrettable decision for the individual because it can not be reversed or changed. For more information on efforts to make it safe and legal in the United States, see U.S. Abortion History. To prove the fact that it is a social issue, we have to look at the components of a social issue. Things You Should Know About Abortion Essay Topics Although there are lots of explanations for why folks support abortion, an individual can use a range of different arguments to oppose it. The option of life ought to be the sole option. Although women have a difficult time choosing abortion as an alternative for unwanted pregnancies, they've been making the choice for a very long time. The family planning or women's health care clinic in your town may also advise you about obtaining financial help. Top Abortion Essay Topics Choices You may think about writing an outline since it will be able to help you organize your suggestions and thoug hts in a more logical and very clear way. Knowing the most suitable path of our lives isn't always very clear. It is not too straightforward to write about such a troublesome topic, that's why you've got to work out what you are likely to tell to your readers and think over each word you're likely to say in your work. It's also advisable to define this issue in the introduction so the reader can get a notion of what it is that they will be reading. Proposal essays are typical in company and science classes and professions, but are also helpful for a variety of distinct disciplines. You have to do plenty of research beforehand, which means you don't stand empty-handed during the campaign. The research will make it possible for you to find content on the matter and boost your knowledge of the topic. The Nuiances of Abortion Essay Topics So, although lots of people want abortion, and others do not want it, it's not a very clear line and nobody has been in a position to discover a decisive definition of when abortion becomes murder and when it needs to be allowed. Nobody has thee right to select the life of somebody else, even an unborn child. If you are thinking about abortion for your unexpected pregnancy, there are resources available to assist you through the decision-making procedure. Apart from this, you will be asked to go into further detail understanding that induced abortions have an additional subcategory. There fore, its health depends on her wellbeing, and cannot be regarded as a distinct entity as it cannot exist outside her womb. Nearly all abortions occur in the very first trimester, as soon as a fetus can't exist without the mother. It's wrong to presume that a fetus isn't a human being since it doesn't talk, or isn't a social entity. A fetus isn't human until very late in the pregnancy and in the very first few weeks it is simply a biological entity that's amidst its developmental stage. The fetus may be experiencing a disease that's genetic or some other abnormality hence there may be a chance of the child suffering after birth. Furthermore, the pro-life argument a fetus feels pain during the process of abortion is not as convincing. It is a medical process of ending a pregnancy so it does not result in the birth of a child. In my private opinion, the process of partial birth abortion ought to be banned. You do not need to offer explicit particulars of the abortion procedure.

Should Animals Be Used For Medical Science Research

Is the use of animals in medical science research justified? Should this be permitted? Why is it allowed that animals have to suffer so a human can use Windex or wear makeup? An estimated 26 million animals are used every year in the United States for scientific and commercial testing. Animal research testing is unnecessary to advance medical research any further. At one time when technology was not caught up with the rest of the world, it may have been useful because without animal testing, products would be based on theory. However, technology has come a long way in the last 50 years. Nonetheless, there seem to be many pros and cons to this topic as experts continue to argue on the way research should be done. Several medical research institutions make use of animals as test subjects. They are subject to experimentation and altered into conditions useful for acquiring knowledge about diseases we humans continue to fight or testing for potential treatments, solutions or cures. Rats and mice share several genetic and physiological traits with humans, which is why they are the most abused test subjects. Since they share so many of our human qualities they increasingly help further medical science research. Yes, there has been some animal testing contributed to life saving cures, but does that make it right? Proponents of animal testing also believe the animal benefits from the testing, which is the most outrageous thing I ve ever heard. If the vaccines for distemper,Show MoreRelatedAnimal Rights : Where Are The Limits?1680 Words   |  7 PagesSteele Dr. Beutel ENG 101 November 18, 2014 Animal Rights: Where Are The Limits? Do animals deserve the natural rights humans have? Animals are being kept captive in science labs to test many things. In research labs they are used to test many trivial products and they are also used in valuable medical research. 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