The Funding Gap Essays - Corporate Finance, Entrepreneurship, Borro

"The Funding Gap" Due Date: Wednesday November 1st, 2000 The question "The funding gap" is always quoted as a major issue for dstart up and developingh small businesses. What evidence is there to support this view and what measures have relevant organisations taken to overcome the problem? Executive Summary This report critically examine concerned with how young small businesses and start up business fund themselves externally. Firstly we look at the funding ga,p what it is and evidence of its existence. Secondly, how organisations that fund new and small usinesses have done to help this problem and finally a reivew of their usefulness. This is done in a report style Abbreviation list BOE; Bank of England SME; Meaning small - medium enterprise. For the sake of this report it is taken here to mean both business that are new or business that are still in the developing stage. DTI: Department of Trade and Industry Part 1 SME's are an important contributro to the economy, defined by the Bank of England as 49 employees or fewer1. In 1997 SME's accounted for over 40% of the economy's turnover and 45% of total employment in the United Kingdom 2 The chart below reveals a b akdown of industry where sme are located including area as well. Source; bvca.co.uk Starting your own busines rasises many difficulties and raising the capital is just one of them, listed below are the main problems encountered. Throughout history, seeking external funds has remained one of the most difficult. Indeed this is not a ne problem The Macmillian Committee first regcognised the funding issue dubbing it the macmillian Gap in 1931. Today the funding gap can be defined by P Burns & J Dewhurst3 as: "where the funding requirements of a company are greater than those that can be met by the small scale providers of finance, but not substantail enough to be considered by the large equity providers". Source; Small Business Finance Report BOE Oct 2000 Evidence of the Funding Gap The funding gap is prevelant with start ups and new firms. Indeed it is often known that is harder to raise ?50,000 for a new firm with no history or collertaal than it is to raise ?5,000,000 for a established firm. Information asymmetrics is often blamed for creating the funidng gap. This is when the entreprenurer generally holds better information regarding the firms performace than the bank for making decisions. Information asymetrics can lead to two developments. Firstly, adverse selection, The banks cannot distinguish which new firm has the highest returns relative to the degree of risk, they have trouble adopting the price mechanism to help distingusih be een firms . Secondly, moral harzard, where (in the absence of collertal) use of higher interest rates by banks to offset risk would give firms receiving loans an incentive to alter their behaviour to adopt risker projects. These two reason reveal why it is harder to obtain smaller rather than larger funds. Banks requuire collertal in responce to these problems. However this often excludes new firms who lack funds despite viable plans. Therefore many fall into the fundi gap. The central hypothesis is that the market is not cleared through the price adjustments because of the asymetry of information between banks and SME's. So banks have an incentive to respond to an increased demand for loans by rationing credit fur er rather than by raising intereset rates. Also with new start ups having a 50% failure rate4 with the first three years funders can be generally reluctant to fiance such a propsotion. The funding gap questioned. The BOE report5 however states that there has been a decline in recent years of the funding gap. 1999 saw a trend away from debt reliance as new source of funding appeared. Below is a chart from6 showing the change of funding sources. Source: Bank of England see footnote 6. Empirically their is little evidence for the existence of such market imperfections. However this is only based on partial facts because it is difficult to obtain information on failed start ups . Therefore with information from only surviving firms is not easy to determine the full picture. What evidence their is suggests that the most finance constrained businesses are relatively small young located in the manufacturing sector and of below average profitability. This does sound risky and hence it is unclear whether the terms attached to

Great Essay Sample - Casual Analysis Essay

Great Essay Sample - Casual Analysis EssayIf you are looking for an appropriate but cost effective way to send your student a casual analysis essay sample, it is very important that you go the right way. Your student is expecting and deserves the best for them and a little extra help will certainly be appreciated. Your offer of help will likely be seconded by your student's selection of essay samples that are great for them. Casual analysis essay samples usually consist of critical essay questions and are meant to help your student formulate their own specific essays.The essay samples that you can get from the search engines and the internet have all got the same characteristics that the above mentioned characteristics include. So what makes the difference between these two choices? In the essay samples that you get online, you may be offered a choice of multiple essay styles. This would give your student a plethora of writing options to choose from and the results will depend on the student. It is also important to note that the choices that you make should be suited to the composition style of your student.Based on their personal characteristics, they will probably be keen on one of the essay samples you offer. While students are usually not comfortable with critical essays, they do appreciate well-written essays. This is because critical essays might make them feel inferior or awkward. Meanwhile, well-written essays are generally appreciated by everyone who reads the sample. The rule is to make sure that you are able to match the student's preferences and personality to the style you are using.The casual analysis essay samples that you will come across online should be based on critical reasoning skills. Therefore, the essay should cover logical reasoning principles and explain the rational as well as persuasive methodologies used by the student in composing the essay. In this way, you are able to demonstrate the student's logical thinking to their classmate s and in the process, show them why this method is more appropriate than any other one.Usually, when students write their own essay, they tend to give it a lengthier essay style, which is more suitable for students. It is because their reasoning skills are not as developed as their writing skills and they need to put a lot of effort into their essays. But since this type of essay will serve as the basis for their own, they are able to produce shorter but quality essays.Another aspect to consider in the analysis essay sample is the topic that is being written about. Some writers get stuck in trying to highlight every single aspect of the topic and this ends up in a long paper that is too long to write. By comparing and contrasting the sample and the original essay, you will be able to decide if it has been written with enough attention to detail.Finally, in order to be able to write a successful casual analysis essay sample, you will need to make sure that you have chosen the right e ssay samples for your student. Otherwise, it will be like a waste of time and effort. Try the samples available online and see how easy it is to write a quality essay with the right style.

Christmas Myths Essays - Christmas Traditions, Christmas

Christmas Myths Essays - Christmas Traditions, Christmas Christmas Myths Romie Walker English/147 January 27, 2016 Irene Blundell Christmas the Myth versus Fact Even though millions of people believe Christmas should be celebrated on December 25th, this originated as a pagan holiday because Jesus was not born on this day. Why do People Celebrate Christmas on December 25th Why millions of people celebrate Christmas on December 25t? Most people no matter their cultural background do things based on tradition, what their parents and their parents, parents did before them. The Bible offers few clues about the celebrations of Jesus Nativity, they are not mentioned in the Gospels or Acts, the date is not given, not even the time of year. (McGowen, 2002.) However Millions of people have adopted December 25th, as Jesus birthday. Snyder (2014 p.3) "In 2014 The National Retail Federation said that 90% of Americans would be celebrating Christmas and projected some 600 Billion Dollars been spent just on Christmas.". All in the name of Jesus! John 2:15 Brings out the account of Jesus driving men out his father's temple for using his name for financial gain using a whip he made out of cords, and over turning the tables of money. We can clearly see the way views the misuse of his name for profit. The date of Jesus Birth has been a question for centuries. There are no records of Jesus birthday. However, let's take a look at the some of the clues that's given in recorded account. "And she gave birth to her first to her first born and wrapped him in a manger because there was no place for them in the inn. And in the same region there were shepherds out in the field, keeping watch over their flock by night." (Luke 2:78). In the book of Luke it states that during the time conception, herder were out on in the court yard looking over the heard. December is the month known for its freezing temperatures, which is literally the time of year that a herders would be seeking shelter to keep him and his flock warm. Would you consider December 25th to be a pagans Holiday? After further research it was noted that this day was created by the Christians to convert pagans who don't believe in Jesus to Christians. Let's see how! Originally December 25th was a holiday celebrated in many homes, a time for feasting good will, generosity to the poor, the exchange of gifts and decorating of trees. However it was not Christmas that was a festival call saturnalia, the uncaptured. A pagan Roman winter solstice festival (Salisbury, 2009). Pagan and Christianity had always had their differences in beliefs. Do the fact that Jesus is not part of a pagan's faith, and being Christian. To be a Christian you have to accept Jesus and your savior and Christ a compromise that created to convert pagans to Jesus Christ thus December a pagan holiday celebrated by pagans already also created by Christmas as the original date of Jesus birth. December 25th the comprise with Paganism". (Walsh, 1970, p.62) References Mcgowan, a. (2015). How December 25 Became Christmas. Retrieved from biblicalarchaeology.org/daily/biblical-topics/new- testament/how-december-25-became-christmas Salusbury, M. (2009). Did the Romans Invent Christmas?. Retrieved from historytoday.com/matt-salusbury/did-romans-invent-christmas Snyder, M. M. (2014). GUESS HOW MUCH AMERICANS PLAN TO SPEND ON CHRISTMAS AND HALLOWEEN THIS YEAR.... Retrieved from infowars.com/guess-how-much-americans-plan-to-spend-on- christmas-and-halloween-this-year/ Walsh, w. (190, P.62). STORY OF SANTA KLAUS. Retrieved from alephbet.com/pages/books/29175/william-walsh/story-of-santa- klaus

30 Archaic Adjectives and Adverbs

30 Archaic Adjectives and Adverbs 30 Archaic Adjectives and Adverbs 30 Archaic Adjectives and Adverbs By Mark Nichol The words below are either obsolete, archaic, or old-fashioned, and though those in the latter category can still be found in modern writing, use all with caution. Sparing use keeps these words alive and adds a whimsical or quaint note, but too frequent recourse to such antiquities will have you sounding like a Renaissance Faire refugee. (Most are adjectives or adverbs or both; some can function as other parts of speech as well, as indicated.) 1. Anon (adv.): soon, or later (â€Å"They will arrive anon†; â€Å"I will reveal more anon†) 2. Aright (adv.): correctly (â€Å"Did I hear aright?†) 3. Athwart (adj., prep.): across (â€Å"The locked chest lay athwart the planks†) 4. Belike (adv.): probably (â€Å"Belike we are more similar than you think†) 5. Enow (adj., adv.): enough (â€Å"If I had loved enow, I would be a happier man†) 6. Fain (adj., adv.): willing, compelled, inclined, pleased (â€Å"Fain am I to hear you sing†) 7. Forsooth (adv.): indeed (â€Å"Forsooth, I do believe you envy him†) 8. Forthwith (adv.): immediately (â€Å"Carry this message forthwith†) 9. Froward (adj.): contrary, adverse (â€Å"His horse was froward, and threw him when he set his spurs†) 10. Heretofore (adv.): up to this time (â€Å"Heretofore, I had not believed it possible†) 11. Hither (adj., adv.): to this place (â€Å"Come hither when you are able†) 12. Hitherto: see heretofore 13. Lief (adj., adv.): beloved (â€Å"You are my lief friend†); willing (â€Å"I would as lief be beside you now†) 14. Mayhap (adv.): perhaps (â€Å"Mayhap we shall see them tomorrow†) 15. Meet (adv.): appropriate (â€Å"It is meet that you do so†) 16. Nary (adj.): not any or not one (â€Å"Nary a sign have I seen of him†) 17. Natheless (adv.): nevertheless (â€Å"Though it is dangerous, natheless will I go) 18. Needs (adv.): necessarily (â€Å"I must needs be heard so that all shall know†) 19. Nigh (adj., adv.; prep.): near, nearly, direct (â€Å"Those who pursue are nigh upon us†) 20. Peradventure (adj., adv., prep.): see mayhap (also n.: a doubt or chance) 21. Posthaste (adj., adv., n.): immediate (â€Å"Your posthaste reply is appreciated†); as quickly as possible (â€Å"We will arrive posthaste†) 22. Puissant (adj.): powerful (â€Å"She is a puissant adversary†) 23. Sith (adv.): since (â€Å"Sith that time, I have wept often over the memory†) 24. Strait (adj., adv.): narrow, or strict or rigorous (â€Å"I would have you be strait in your habits†) 25. Thither (adj., adv.): there, on the other or farther side (â€Å"Our host took us thither†; â€Å"What you seek is in the thither valley†) 26. Verily (adv.): certainly, truly, with confidence (â€Å"Verily, I did see it with my own eyes†) 27. Whereof (adv., conj.): of what (â€Å"Whereof have you seen in the world?†) 28. Withal (adv., prep.): besides, nevertheless (â€Å"Though you may be right, I withal must see for myself†) 29. Yare (adj.): agile, handy, ready (â€Å"She’s a yare vessel, all right†) 30. Yon (adj., adv., pron.): over there (â€Å"I ride to yon village†; â€Å"What do you see yon?†) Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:10 Grammar Mistakes You Should AvoidBetween vs. In BetweenWhat the heck are "learnings"?

Importance Of The Studying English Essay Example | Topics and Well Written Essays - 500 words

Importance Of The Studying English - Essay Example This essay will continue to explain the value and excellence that I as an individual have achieved in my quest to improve at a language, that is not my own. To begin with, all my courses have been in the English language. This has ensured that my command of the language is excellent enough for me to comprehend and grasp the meaning behind what I am studying. This is evident in the various essays I have written in and out of class. The first and second in-class essays required an opinion on conflicts affecting the world and its participation today coupled with the role played by politicians and their personal lives. It is immensely difficult for a student with a sparse knowledge of the English language to write an essay portraying their opinion. Yet, I was able to do so without any hesitance or problems. The problem, that arises for any foreign student is their means of translating their native tongue into the English language while thinking of an argument to write in the essay. Howev er, I did not feel compelled to think in my native tongue. Instead I chose to write all my drafts in English before perfecting it for the final draft. While this may seem like a small feat to those honed for English writing, it is a great accomplishment for an individual like me. Other examples that prove my fluency in English are the out of class essays that had to be submitted for this course.

Gap between Management Theory and Practice Essay

Gap between Management Theory and Practice - Essay Example The evolution of the concept of management dates back to the early civilization. It is due to the art of effective management that those early civilizations produced marvelous wonders that are admired to date. There are many management theories that explain the different styles of management and their impact on the organization. Mason (2010) supported the argument and stated that there has always been a clash of opinions between the academicians, who develop theories of management, with actual professionals in the organizations. The basic difference has been described by Grayson. Management Scientists or researchers: develop management theories which guide the managers to become more organized and structured in their policies and procedures. They are expected to utilize scientific methodology, sociology for organizational decisions as well as people management.Managers: manage the operations and employees by their rule of thumb and need of the hour. They feel that standard theories of management cannot be applied to all instances and issues in a professional life. At times, the fast paced nature of modern business does not give leverage for standard policies and procedures to be developed and thus followed in a strict manner.

Mother Teresa Essay -- essays research papers

Choose the two sections of Mother Tesresa’s book that stuck out most, and explain why they made an impact on you.   Ã‚  Ã‚  Ã‚  Ã‚  This book was so informative that it is so hard to pick only two parts that impacted me the most. If I have to choose only two the first would be Chapter Eight, â€Å" The Poor and Rich in Love.† As Mother Theresa makes so many points in this section. The stories she tells about bringing the dying off the streets to die in peace. This is so touching that these missionaries devote their lives to the poor. They choose to be poor, and Mother Theresa talks about they choose to be poor to really understand and feel what these poor people are experiencing. The stories she tells of bringing dying people in from the streets and how they die so peacefully and have a last change to really feel that there is a God before passing away, this is very touching. There are poor people all over the world and these sisters have devoted their lives to the poor and choose to be poor themselves. Which Mother Teresa says she feels is important, this way they can understand these people and do work for Jesus. In several sections she speaks of dying people who are so happy that they have been brought to a wonderful peaceful place to die. They get to believe in God again before passing away. They actually are smiling as they die, with someone who cares at there side. After leaving on the streets for years and no one wanting them, how peaceful it must be to die ...