RENT a Car Business plan Essay example - 1652 Words

Car Rental Business plan Excecutive Summary Company and Financing Summary Products and Services Overview Strategic Analysis with current research! Marketing Plan Personnel Plan 3 Year Advanced Financial Plan Expanded Financial Plan with Monthly Financials FREE 30 Page Sample Private Placement Memorandum FREE PowerPoint Presentation for Banks, Investors, or Grant Companies! 1.0 Executive Summary The purpose of this business plan is to raise $300,000 for the development of a car rental agency while showcasing the expected financials and operations over the next three years. The Car Rental Agency Inc. (â€Å"the Company†) is a New York based corporation that will provide the rental of economy, standard, and luxury†¦show more content†¦3.2 Insurance Fees and Ancillary Services In addition to daily charges made to vehicle renters, the Company will earn secondary streams of revenue from the sale of additional insurance. This is an important secondary steam of revenue for the business as sales of additional car insurance will generate substantial gross margins for the Car Rental Agency. Additionally, the Company will charge substantial fees to customers that do not return the vehicles with full gas tanks. Approximately 25% of the Company’s aggregate revenues will come from the sale of insurance and gas fees. 4.0 Strategic and Market Analysis 4.1 Economic Outlook This section of the analysis will detail the economic climate, the car rental industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2009, at which point the economy will begin a prolonged recovery period. However, Car Rental Agencies typically operate with a strong degree of economic stability as business travelers will continue to need vehicles for their business trip needs. 4.2 Industry Analysis Within the United States, there are more than 5,000 companies (that operate one or more locations)Show MoreRelatedCase Study : Stellios And The Easy Corporation1705 Words   |  7 Pagesin the airline business and went that prove successful he created The EasyCar.com Company which started an internet based way to rent a car, customers could log into an account and reserve a car without having to ever deal with a sales person. Their corporation used a quite different approach than did their competitors where The EasyCar.com Company used a single type of car and no other types of cars to choose from. Other car rental companies would have many types of cars to rent to fit many stylesRead MoreMarketing Pl Riyaz Rent A Car Service1405 Words   |  6 PagesExecutive Summary Riyaz rent-a-car service and Bus Rental is a one stop solution for all your vehicle rental requirements, including short-term rentals and long-term leasing. We aim to provide a relaxed and professional atmosphere in all our car rental centres, highlighted by a friendly approach and flexibility in our dealings with both customers and suppliers. Whether our customers are individuals or companies, our goal is to match each requirement with the right vehicle at the most competitiveRead MoreEnterprise Rent A Car : Sustaining Organizational Learning And A Strong Culture1526 Words   |  7 PagesSomma Harris Corporate Culture and Organization Enterprise Rent-a-Car: Sustaining Organizational Learning and a Strong Culture Organizational learning helps companies to maintain adaptability and flexibility in the modern business world. A strong culture teaches employees values, views, purpose, belonging, and sense of identity, Enterprise Rent-a-Car strong culture has held the organization together and motivated their employees to do the right thing rather than what is easy. They believe thatRead MoreRenting A Car At The Kennedy Airport1134 Words   |  5 PagesRenting a car at the Kennedy Airport in New York? Well, unless you have stellar luck, finding a rental car in a highly populated area at a great price can be a very difficult find. Nevertheless, I have narrowed down a list of companies in at Kennedy Airport who offer affordable rental rates on excellent vehicles, as well as stellar customer service. So, renting a car at the Kennedy Airport in New York doesn t have to be a challenge, or time consuming. With these companies you can find a really niceRead MoreA Business Model For A Big Corporation837 Words   |  4 PagesIndeed, the sharing economy known as collaborative consumption. It is a trending concept that highlights the skills for individuals to rent or borrow the goods as compared to purchase them. Without a doubt we can say that 2013 is a sharing economy year. (Forbes, 2013) The concept of the sharing economy is following below: Accommodation sharing: Airbnb has not only opened the doors for the alternative way in the perspective of travel, but it has forced cities to follow-up their housing codes andRead MoreExecutive Summary : Our Company Tnt Auto Sales Inc.1362 Words   |  6 PagesI. Executive Summary: Our company TNT Auto Sales Inc. implements a new approach to used car sales. It only begins with the quality and reliability of the cars we sell. Considering the professionalism and customer service experience of the founders, along with the financial training and background, the company is looking forward to flourishing business and ever growing loyal clientele base. The owner, Teneille Norville, has several years of personal experience with buying and selling used vehiclesRead MoreMobile Technology1614 Words   |  7 PagesRental Car Companies By Aubrey A Maloney IS535 –Managerial Applications of Information Technology DeVry University OCT 8, 2010 Abstract Mobile technology and applications are the future of business. With this technology it will make it easier to automate a business such as a rental company and help cut costs. With almost every phone created theses days being Smartphone/PDA and application ready, it will quickly be a more convenient way for the customer that rent cars to be checkedRead MoreCan The Sharing Economy Market Be Disruptive? The Traditional Economy?1371 Words   |  6 PagesIntroduction A sharing economy, is when owners utilize digital clearinghouses to capitalize the unused capacity of things they already have, and consumers rent from their peers rather than rent or buy from a company (Geron, 2013). Consumers today can share or offer resources like cars, room rentals, dog sitting and skills to people that require their services for low cost. Companies today, like Airbnb and Uber are capitalizing off â€Å"The Share Economy† market by providing services based of theRead MoreThe Best Choice for Martha ´s Money Essay726 Words   |  3 Pagesmake different plans to spend the money, but her mother and father were thinking how she will spend the money without given her any advice until she asks for it. However the best way for her is to save the money or invest it somewhere rather than buy a used car, rent an apartment, stay at home without working, or go to trip to Hawaii. Firstly, we should consider if buying a used car is best option. Then she can go to school faster, visit her friends and travel as well, but the car needs gas whichRead MoreEnterprise Holdings And Corporate Social Responsibility1263 Words   |  6 PagesEnterprise Holdings started as a car leasing business in the basement of a St. Louis dealership in 1957 with Jack Taylor as its founder. Enterprise prides itself on exceeding the customers’ expectations by building relationships one step and promise at a time. Enterprise Holdings task itself in the common mission to be the best transportation service provider in the world. To exceed customer expectation for service, quality, value, to provide employees with a great place to work and to serve the

Kill A Mockingbird By Harper Lee - 1274 Words

Brandi Ortiz English IV McCraw 2/24/15 Harper Lee: The One Hit Wonder â€Å"Mockingbirds don’t do one thing but make music for us to enjoy. They don’t eat up people’s gardens, don’t nest in corncribs, they don’t do one thing but sing their hearts out for us. That’s why it’s a sin to kill a mockingbird† (Lee. 72) Many teens all over the world have read or heard this iconic quote, whether by force because it was in the schools curriculum or for my fellow book worms it is a great novel to just lose yourself in. To Kill a Mockingbird, winner of the prestigious Pulitzer Prize and several other literary awards was written by Harper Lee in nineteen sixty. Famed author Nelle Harper Lee was born on the twenty-eighth of April, nineteen twenty-six in†¦show more content†¦Lee was a daughter to an ill mother and Truman living with family friends after being abandoned by his own parents. It is believed by The Telegraph journal that Lee’s past helped influence her growing interest in English Literature. To help feed her cultivating lust with such literature, after Lee graduated in 1944, she went to the all-female Huntingdon College in Montgomery. It is said that Lee â€Å"stood apart from the other students.† (Biography.com) Rather than caring about fashion or dating, Lee focused on her studies and her own personal writing. Throughout Lee’s college career, in Montgomery, she was a member of the literary honor society. After transferring to the University of Alabama at Tuscaloosa, Lee was characterized to be â€Å"a loner and an individualist.† (Biography.com) Using her new title as motivation, Lee pursued her interest in writing by contributing to the school’s newspaper and also a humor magazine, the Rammer Jammer, which she later became the editor of. Sadly after Lee was accepted into the university’s law school she was forced, if one may say, to leave her post as editor of the Rammer Jammer. After much soul seeking and countless heart-to-heart co nversations with her family, Lee dropped all interest in law and moved to New York City to follow her dream to become a writer. In nineteen forty-nine, a twenty-three year old Harper Lee arrived in New York City where she worked for the British Overseas Air

The Financial Detective Free Essays

PAPER: We believe that Company I represents the Smaller Producer of printing papers and Company J represents the World’s Largest Market of Paper. Being the world’s largest paper maker indicates having a larger inventory, more current assets (esp. since it owns timberland and several facilities), and higher cost of goods sold than other paper makers. We will write a custom essay sample on The Financial Detective or any similar topic only for you Order Now The inventory for Company J (10. 9) is larger than the inventory for Company I (8. 8); the current assets for Company J (32. 6) are higher than that for Company I (27. 2); and the cost of goods sold for Company J (82. 9) is higher than that for Company I (75. ). We also expect that, as the world’s largest paper maker, their products will move on the marketplace better than a smaller producer of paper. Thus, Inventory Turnover should also be higher. Here, Company J (7. 11) has a larger inventory turnover than Company I (6. 75). Receivables turnover, which tells how many times accounts receivables have been collected in a given period, should be higher for the world’s largest paper company than it would be for a small producer of specialty paper. Company J’s (11. 64) receivables turnover is higher than that for Company I (8. 68). The facts also state that the world’s largest maker of paper has been rationalizing capacity by closing inefficient mills, implementing cost-containment initiatives, and selling nonessential assets. This implies that the company would have a larger asset turnover ratio than other paper companies. Company J (1. 20) has a larger asset turnover ratio than Company I (. 73). It is probable that since the small producer of paper has most of its product marketed under branded labels, that it would have a higher value of Intangibles, such as trademarks, than the larger company. Here, Company I (14. 6) has an intangibles value that is significantly higher than Company J’s (1. 9) intangible value. Based on the above analysis, we believe that Company I is the small producer of printing, writing and technical specialty papers, and that Company J is the world’s largest maker of paper, paperboard, and packaging. RETAIL: From the financial ratios and the notes attached, it is apparent that Company N is the rapidly growing chain of upscale discount stores while Company M is the firm known for its low prices, breadth of merchandise and volume riented strategy. ASSETS Receivables: Company M has lower receivables of 1. 4 compared to company N with 17. 0 and this reason is to the fact that company N offers credit to qualified customer as a means of marketing strategy. Inventories: Company M has higher inventories of 24. 5 compared to company N with 16. 7 and this reason it attributed to the strategy company M adopts. Company M has a wide breadth of mercha ndise and volume oriented strategy amount to this high inventories on the balance sheet. Intangibles: There is a 93. 3% difference compared to company N with low intangibles. This reason is due to the operational strategy company M adopts. Company M possesses either or all of these following; Goodwill, Partnership rights or Patent rights. Analyzing the information provided accurately, one or more of the of the aforementioned rights exit because for company M to sell some products at very low prices, there must be an existing kind of memorandum of understanding between the producers and company M. LIABILITIES EQUITY Deferred Taxes: Company M has deferred Taxes of 3. with company N having O. From the information of company M provided, it is possible that the deferred tax is an evidence of capital gains that might have risen from the proceeds of divestments of several non-discount department-store businesses. Debt in Current Liabilities: Company M is 75. 4% high than company N’ s Debt Current Liabilities. This can be as a result of the lease contract entered by company M. Depending on the lease agreement; Company M might have an overdue payment for the lease for a period within a year. INCOME STATEMENT Depreciation: It is understandable why company N has a high depreciation than company M and this is due to the reason that M is a lease copy therefore no depreciation is paid for leasing except a rental payment. There is an exception when the lease is a finance lease. Net Income: Company N strategies pay off because shareholders of any company want to maximize their investment or returns. Company N is making almost double of company M’s net profit, and also considering the fact that company N is making 85% of company M sales. MARKET DATA Beta: Companies in the same industries usually have different betas, one of the reasons this can happen is the kind of financing or debt equity ratio. The higher the debt equity ratio the higher the beta: this shows why company N has a higher beta compared to company M that has a lower debt equity ratio. Dividend Payout: Company M has a higher payout ratio of 31. 12%. Reason why company N might have a low payout ratio can be attributed to investment in future projects with positive NPV due to the rapidly growing chain of upscale discount stores. ASSET MANAGEMENT Receivables Turnover: This shows the degree of realization in accounts receivables. Company N has a lower turnover rate, a lower rate implies that receivables are being held longer and the less likely they are to be collected. Also there is an opportunity cost of tying up funds in receivables for a long period of time. Company M is 29 times higher than company N. From the above analysis, it is obvious that financial ratios of companies in same industries can never be the same but can only be similar. The kind of strategy and technology a company adopts tells a lot about differences in financial ratios. COMPUTERS: We believe that Company E is the company focused exclusively on mail-order sales and Company F is the company that sells a highly differentiable line of products. In this industry one company focuses exclusively on mail-order sales of built-to-order PCs, including desktops, laptops, and notebooks. Besides the company allows its customers to design, price and purchase through its web site. In contrast the other company has a retail strategy intended to drive traffic through its stores. With regards to the SGA expense, as well as depreciation, we can assume that the company resulting with the highest values is of course the one having more stores compared to the one conducting most of its transactions on an online basis. In this case the high value of 23. 1 in selling, general and administrative expense and the high value of 1. 8 in depreciation belonging to company F fit the description of the company with more retail stores. Another important financial data confirming this finding is the intangible data. From the Exhibit 1, the company E has a value of 0 in intangibles which is not surprising due to its business orientation. Company E is an assembler of PC components manufactured by its suppliers, therefore not having any claim of ownership of intangibles. On the other hand, the intangible value of 1. 2 of company F is due to the fact that company F has a variety of proprietary software products. In addition, the price to book ratio is lower for Company F (5. 3) than for Company E (17. 46). This is in line with our analysis because the facts state that the retail store has a declining market share, so the lower price to book ration would match the description for a company with a lower market share. Based on our analysis above, we believe that company E is the company focusing exclusively on mail-order sales of built-to-order PCs, and company F is the company having an aggressive retail strategy intended to drive traffic through its stores. NEWSPAPERS: We believe that company P is the diversified media company that generates most of its revenues through newspapers sold around the country and around the world and that Company O is the firm that owns a number of newspapers in relatively small communities throughout the Midwest and southwest. We believe this because Company P has a larger amount of current assets (other and total) and net fixed assets than CompanyO. Company P operates in not just the United States but it also operates in countries all around the world, which it means it will have a lot of assets than Company O. FINANCIAL STATEMENT ANALYSIS ASSETS RECEIVABLES:Company P is higher than Company O and this can be attributed to the fact that company P has an international presence. This will result to a huge customer base compared to Company O. higher customer base would yield more credit sales. result to its revenues all over the world in the sense that it will have a lot of customers and there can be delays in monetary transactions. Since its business has international presence it can adopt a business strategy of offering a high volume of credit sales to customers. INVENTORIES: The two companies are at par have the same ratios. This means that there is an equal amount of goods and services available in the stock of both companies. INTANGIBLES: Company O has a higher intangibles value than company P because although company O is a smaller company it has acquired a Customer good will, employee morale, increased bureaucracy, and aesthetic appeal than company P which is a more diversified media company. DEBT MANAGEMENT TOTAL DEBT/TOTAL ASSET:Company P has a higher ratio compared to O. Most of company’s total debt are short term financed and this is to say that in the next period, the company can have a lower total debt to total asset ratio compared to company O. Based on this current standing it shows that 26. 81% of company’s P asset is financed by debt. INCOME/EXPENSES NETINCOME: Company O is almost likely to succeed more than company P in its operations because of its decentralized decision making and administration. Looking closely at the net income figure of both companies, company O net income is higher than company P net income. EBIT AND NET PROFIT MARGIN: Company O has a higher EBIT because the company is more profitable than company P. Company P has a lower net profit margin value than company O which indicates a low margin of safety, higher risk, and that a decline in sales will erase profits and result in a net loss. Company O is better in this aspect because of the adopted business of decentralized decision making and administration, which led to better success in its operations. MARKET DATA DIVIDEND PAYOUT: Company O has a higher ratio than company P which means it has a higher percentage of earnings paid to its shareholders in dividends. The shareholders of company O are benefiting better from the company than the shareholders of company P are. The reason for this could be that company P may be trying to invest in a project that is preventing it from paying shareholders adequate dividends BETA: Company P has a higher value which means a higher expected return of a stock or portfolio which is correlated to the return of the financial market as a whole than company O. PRICE/EARNING RATIO: Company O has a higher ratio than P. Over the years smaller firms have performed better in terms of returns. Shareholders of company O are willing to pay more for the shares today in anticipation of great prospects of returns in the future. ASSET MANAGEMENT RECEIVABLES TURNOVER: Company O has a higher turnover value because it has a higher number of number of times that account receivables are collected during in a period than company P. LIQUIDITY CURRENT RATIO AND QUICK RATIO: Company O has a better and higher value of the two ratios than company P so it means that company O has more current assets and cash equivalents to cover its liabilitie when due than company P. Based on our analysis above, we believe that company P is the diversified media company that generates most of its revenues through newspapers sold around the country and around the world and that Company O is the firm that owns a number of newspapers in relatively small communities throughout the Midwest and Southwest How to cite The Financial Detective, Papers

Documentation Helps To Generate Evidence â€Myassignmenthelp.Com

Question: Disuses About The Documentation Helps To Generate Evidence? Answer: Introduction The purpose of the essay is to reflect on the aspect of my learning, that I have learned as registered nurse. I am planning to use this knowledge in my nursing practice, wherever I will be placed in future. The core of the critical refection process is the reflective practice, while focusing on observation and documentation helps to generate evidence (Fook, 2016). The essay uses critical reflection framework for the reflection on the personal experience in nursing profession. To integrate research, theory and practice, it is the good opportunity to use critical reflective process. Week 5 learning was focused on the culture, health, and care for older adults. Reflection Older adults aging involve the concept of social, cultural and historical processes. Australia being multi cultural nation, different perspectives have emerged for the aging population (Keddie, 2014). The health care providers should respect the beliefs, preferences and values of the patient to ensure the patient centered care. Reflecting on my nursing experience in aged care, I have witnessed a situation where a male older client was in confused state as a result of dementia. The client has decreased mobility and was using wheelchair. Thus, he had increased risk of fall. When I met this client he was restless on not able to find the lavatory. He was agitated on frequent occasions and had troubled speaking. I saw him calling for help from a nurse, who moved towards him slowly, She said, How may I help you?. The client was stammering and all he could say was, I nee...I need to go to thaa. The nurse instead of trying to identify what went wrong assigned him to another nurse and walked out. It could be the sign of incontinence and other nurse soon initiated his assessment. I can relate this with another incident where the fellow nurse demonstrated unsuccessful cultural competence, which is however essential in addressing the disparities in the health care (McClimens et al., 2014). She was assigned to care for a Arab patient.The nurse was scared to attend him, as the religious beliefs of the patient were completely different from the nurse. It was wrong to be judgemental as the 89-year-old patient was in need of emotional support. The nurse was not passionate in being open or flexible with the client. She was not curious to know about his culture. These are the good opportunities to refine the communication skills and to create and purposefully create cultural encounters (Hanson, 2014). I have noticed in on incident that a nurse would attend the aged client only for medication, therapy and two meals in the dining room. When confronted she told me that she finds not hing in common with the senior client and do not know how to talk. This action demands for change in attitude else the old patients will feel disrespected. I realised upon reflection that that there is a need of increased understanding of the dementia care for my future practice. It will help me to identify and attend to people in confused state and address their concern immediately. Older people demonstrating the signs of falls or cognitive impairment are at the risk of functional decline. It is essential to prevent this by identifying and responding to the needs (Di Napoli et al., 2013). For my future practice, I am planning to develop the cross-cultural skills and gain cultural knowledge. According to Bozorgzad et al. (2016), knowing the health beliefs of the patient by obtaining the cultural knowledge will aid in gaining their worldview. For instance, Muslims prefers to maintain the dietary standard by eating food that would be preferred by their family members. Muslim patients tend to prefer carers of same sex or gender. Thus, without knowing the cross cultural skills, it will be difficult to maintain the dignity of the patients. I have realised that I need to interact more with the seniors, as they were once young too. It will help me learn their ageistic view I would too become old one day and would not expect nurses to interact with me only for medication. If would be the old patient, I would expect patient centered care. Therefore, I would like to change personal perspective towards the older adults. Ageing people have variety of lived experiences such as grief, bereavement, trauma, separation from children, financial insecurity, and burden of illness and others. They should be treated like our own parents. They may suffer from loneliness and need a help to reconstruct their thoughts (Bacsu et al., 2012). Conclusion In conclusion, effective communication is essential for older care. It is the fundamental principle for high quality care. Lack of cultural competence, knowledge on the aged care standards and poor perspective of aging may hamper the nursing practice. The reflective practice was helpful in identifying areas of improvement supported with evidence. References Bacsu, J. R., Jeffery, B., Johnson, S., Martz, D., Novik, N., Abonyi, S. (2012). Healthy aging in place: Supporting rural seniors health needs. Online Journal of Rural Nursing and Health Care, 12(2), 77-87. Bozorgzad, P., Negarandeh, R., Raiesifar, A., Poortaghi, S. (2016). Cultural Safety: An Evolutionary Concept Analysis. Holistic Nursing Practice, 30(1), 33. Di Napoli, E. A., Breland, G. L., Allen, R. S. (2013). Staff knowledge and perceptions of sexuality and dementia of older adults in nursing homes.Journal of Aging and Health,25(7), 1087-1105. Fook, J. (2016). Finding Fundamental Meaning through Critical Reflection.Practising Spirituality: Reflections on Mean-making in Personal and Professional Contexts, 17. Hanson, R. M. (2014). 'Is elderly care affected by nurse attitudes?'A systematic review.British Journal of Nursing,23(4). Keddie, A. (2014). Australian multicultural policy: Social cohesion through a political conception of autonomy.Journal of sociology,50(4), 408-421. McClimens, A., Brewster, J., Lewis, R. (2014). Recognising and respecting patients cultural diversity. Nursing Standard, 28(28), 45-52.