A sole trader legal form is extremely easy and inexpensive to set up; this is convenient for a small Asian take-away business (Sole Trader, 2016). Due to the simplicity of the Sole trader format there are guidelines to the business – this means that that there is unlimited liability for the owner (Hancock, Robinson and Bazley, 2015) – but due to the small size of Fantastic Asian take-away it is very unlikely that this will have a negative effect on the business. If in the future Fantastic Asian take-away wishes to expand the business to another location or open a second location they may choose to change their business structure to a partnership in order to have more funds (Hancock, Robinson and Bazley, 2015). This is relatively easy for the owner to do – the owner will cancel the ABN before reregistering as a partnership (Australian Business Registry, 2015).
In the business have the different financing option to set up the business, simply we have to interpret the different financing selection available, for instance, conventional bank loans, personal saving, and temporary business loan(Kime2012). Firstly bank loans, small business has to provide a balance sheet, cash flow document, business income document and business plan to appearance the bank can take over money. That process can be taken around three...
... middle of paper ...
...r business prepays our phone bill at the beginning of the month rather than the end of the month.
Running an Asian Takeaway shop will require a loan from the bank and bank require some information and documentation about the business and personal insurance.
Business plan is one of the document that bank need to consider as it contain many information related to the business. A good business plan that we make might be the key of our successful business and the bank will see and evaluate all the plan that we set to start up this business, financial security and also the assess of the opportunities in the future. In the business plan, we have to include:
- Detail of personal information
- Detail information about business goal, structure and objective.
- Organisational structure and resources
- Business operation
- Marketing analysis and strategies
- Financial analysis
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- BetVictor Casino allows every member to go for gold. It is the event that everyone is talking about, as Olympics fever is currently sweeping across the globe. Given that sports fans can’t seem to get enough of Rio 2016, it only makes sense that online casinos such as BetVictor Casino get into the spirit of the occasion. Launching a fresh new promotion, which is aptly titled “Going for Gold”, what awaits at the end of these 3 sporting-themed casino events are a selection of medal-laden prizes. Kicking things off is “Event 1”, which is Synchronised Spinning.... [tags: Summer Olympic Games, Olympic Games]
1237 words (3.5 pages)
- Since the first influx of Asian immigrants to the United States, Asian Americans were never treated as an integral part of the American population. Accounting for five percent of the US demographic, often times, they are still portrayed by provincial people as outsiders who do not belong in society. Over the years, this negative mentality has transformed into the way Asian Americans are viewed in media. Though there are many attempts of reversing the trend such as diversifying the cast members, stereotypical personalities such as “the human calculator” or “undesirable partner” are still utilized for writers to infuse racial slurs into comedy skits.... [tags: Asian American, White American, Stereotype]
1316 words (3.8 pages)
- As an Asian American, I have several points to discuss in terms of stereotypes. Through a variety of media, Asian Americans are portrayed by socially constructed stereotypes that are either positive or negative to our community. By explaining the definition of a stereotype and listing three specific ones identified, these points reflect our cultural values. These stereotypes include the concept of model minority, the insinuation that Asians are highly skilled at mathematics, and assumptions of our food ways.... [tags: Asian American, United States, White American]
1453 words (4.2 pages)
- ... Avoiding Take-Out Quick and Healthy Recipes for Busy People INTRODUCTION When it comes down to it, people just don’t have enough time in the day to take care of everything. They have to get up, get the kids off to school, get to work, and scurry home in rush hour traffic just to try to figure out what they will do for dinner. This can make you want to just drop in somewhere and get take-out, so that you don’t have to worry about dirtying up your kitchen to cook something. You think that it will save you time, and it will save you effort- so it’s worth it, right.... [tags: food, meal, breakfast, lunch]
1005 words (2.9 pages)
- Best Asian Forex Brokers Yes A forex broker that claims to be amongst the best in Asia needs to have a proven track record in not just providing the best-in-class services in trading, but also reliable and quick customer support. Besides this, the broker has to have enough experience and spotless reputation in what it does. Taking all the above factors into account, here’s a list comprising some of the best Asian forex brokers: 1. HotForex This Mauritius-based online forex broker is amongst the best in Asia and has its offices spread across major cities in the region.... [tags: Foreign exchange market, Central bank]
712 words (2 pages)
- “Where are you from?” “America” “No, where are you actually from?” These are the two questions that I get asked regularly by non-Asians. I always reply “Well I was born and raised in America but my family comes from Hong Kong.” I grew up constantly being told to take pride in being Chinese, however, I was also consistently told by my family to be proud that I even have the opportunity to grow up in America. There was never a definite answer as to what I was, so I learned to accept both. I am Asian American.... [tags: Asian American, White American, United States]
999 words (2.9 pages)
- Asian immigrants have faced many obstacles transitioning to life in America. One major obstacle Asian immigrants came face to face with was receiving an education. Asians are known to place high value on learning and education, but many things stood in their way and hindered them from even receiving an education. Between Asian immigrants and Americans lie a language barrier, which is often seen as a set back. An example of this is Lac Su since he had to serve as a translator for his parents, which in turn affected his school work.... [tags: Asian American, United States, Philippines]
937 words (2.7 pages)
- In developing models of counseling specifically for Asian American clients several factors need to be considered and integrated into the therapeutic process to be culturally sensitive, appropriate, and therapeutically effective. Problems inevitably arise when counselors trained in Euro-American psychotherapy fail to consider and address the cultural implications and dynamics of Asian Americans. When developing models for counseling with this population “it is important to consider the cultural lens from which Asian Americans view themselves and the world (Pedersen, Draguns, Lonner & Trimble, 2008).” Failing to perform perspective-taking in such a manner results in a lack of understanding for... [tags: Asian American, United States, White American]
1088 words (3.1 pages)
- 1. “To get rich and glorious” quote was said by Deng Xiao Ping, member of the communist party in China. They got richer, faster than any people ever had. The economy is now 10 times larger than it was then; it grew 300% just in the last 10 years. Incomes rose every year. People in China are becoming millionaires there than anywhere else on earth (Time Asia.) 2. Techno-nationalism is expressive and strict categories for understanding the impact of technology on society and vice versa. They reflect the fundamental assumptions made by analysts of the place of technology in the world, and denote ideologies, rather than technological policies or realities.... [tags: Asian Business]
1838 words (5.3 pages)
- The control and management of Asian carp in North America is an issue that numerous state and federal agencies have been trying work out ever since the first case of Asian carp being in the waterways of North America. Asian carp are a very difficult species of fish to manage and control because of their fast reproduction rate and that there are no predators in the North American waterways to reduce numbers. These fish are damaging native fish's food sources and habitat. More recently, Asian carp are threatening to invade the Great Lakes which would cause drastic economic and ecological problems.... [tags: social issues, asian carp]
1583 words (4.5 pages)