Beowulf Is A Hero Of Beowulf - 1017 Words

In the movie and book Beowulf, Beowulf represents a hero. Beowulf is like our modern day heroes, firefighters, policemen, military men, doctors and EMT’s. All of these men do the same thing as Beowulf did in the movie. The fight the villains and protect the innocent. Beowulf had super strength to help him defeat the villains and protect the innocent. I have heard moreover that the monster scorns in his reckless way to use weapons; therefore, to heighten Hygelac s fame and gladden his heart, I hereby renounce sword and the shelter of the broad shield, the heavy war-board: hand-to-hand is how it will be, a life-and-death fight with the fiend. (433-440) Although Grendel was a worthy opponent, he was still no match for Beowulf’s strength to kill the unbeatable monster. â€Å"Then he stepped to another still body, clutched as Beowulf with his claws, Grasped at a strong-hearted wakeful sleeper--And was instantly seized himself, claws bent back as Beowulf leaned up on one arm. That shepherd of evil, guardian of crime, knew at once that nowhere on earth had he met a man whose hands were harder;† When Grendel grabbed Beowulf, Grendel became afraid of Beowulf because he felt how strong Beowulf was and knew that Beowulf was stronger than Grendel. Beowulf went on to rip Grendel s arm off, which sent him back to the marshes that he came from. Beowulf was known as a hero, after he killed Grendel. In order for him to keep that status in Hrothgar’s village he had to slay Grendel s mother,Show MoreRelatedBeowulf the Hero1005 Words   |  5 PagesBeowulf The Hero â€Å"†¦ A fiend out of hell†(Heaney 100). These words describe the monster Grendel, who is truly an evil entity. Only an epic hero with strength, courage and confidence is able to defeat this mighty foe. This hero’s name is Beowulf. He displays all of these throughout the epic. Beowulf’s first epic hero trait is confidence. Beowulf displays confidence when he talked to Unferth in the great hall Heorot. Beowulf said, â€Å"†¦but he will find me different. I will show him how Geats shapeRead MoreIs Beowulf a Hero?2129 Words   |  9 PagesIs Beowulf a hero? It is vital when approaching the question of whether or not Beowulf can be viewed as a hero to attempt to understand the concept of a ‘hero. Joseph Campbell, the American theorist, studied mythological characters and texts in great detail and developed the concept of the monomyth (or Heros Journey) which he suggested all heroes undertook: A hero ventures forth from the world of common day into a region of supernatural wonder: fabulous forces are there encountered and aRead MoreHero and Beowulf1625 Words   |  7 PagesThe hero is an age-old concept that describes someone that will defend their honor to the end. In Beowulf, the author portrays the warrior Beowulf and his three battles in such a way as to clearly define what it means to be a hero. Fred Robinson and J. R. R. Tolkien addressed heroism in Beowulf regarding the warrior’s traits, as well as his battles and burial. The author of Beowulf defines the hero through Beowulf’s three battles with Grendel, Grendel’s mother, and the dragon. In this poem, eachRead MoreBeowulf As A Hero1716 Words   |  7 PagesThe concept of hero is never outdated in literary. Every author has their own understanding of how a hero should be like, and all heroes live and behave differently according to the society they live in. The definition of hero is much broad er than a man with superpower. In Beowulf and The Great Gatsby, both of the protagonist, Beowulf and Jay Gatsby are considered heroes in the story. Although both of them embody the values of their societies, Beowulf is a more successful hero because he truly reachesRead MoreBeowulf As A Hero910 Words   |  4 PagesWhy We Need Heros A hero, â€Å"a person noted for courageous acts or nobility of character†(â€Å"Hero†). A hero shows much more than honor and glory, they sacrifice their own life to selflessly help out the lives of others. By having heroes it gives us hope, wisdom, and justice throughout the nation. The three main types of heroes include an epic hero, superhero, and your own personal hero. These heroes show that it s more than the cape or armour they wear, they show the true meaning of a hero by definingRead MoreBeowulf : A Hero Or Hero?1092 Words   |  5 PagesCole Jackson Miss Sibbach Honors English IV 10 December, 2014 To Be a Hero, or To Not Be a Hero Countless people have tried to say that Beowulf represents the qualities required of an epic hero, but many people also suggest that Beowulf does not show any of these qualities. While Beowulf shows heroic characteristics in all of his acts, both pride and greed motivate his actions. The story of Beowulf contains all of the information needed to show this, but people do not notice that which they do notRead More Beowulf: A Hero Essay782 Words   |  4 PagesBeowulf: A Hero Beowulf is a hero during the Middle Ages because of his generosity, strength, power, and courage. A hero is one who places himself or herself at great risk while performing acts of courage. Beowulf is a hero that put his life on the line for an entire kingdom. He has heroic and superhuman qualities. He must prove his worthiness of a superior warrior. He is recognized for his strengths and power of protecting his people. Beowulf is faced with three forces to fight, Grendel (a monster)Read MoreBeowulf Hero Analysis757 Words   |  4 Pages  Ã‚  Ã‚   To Joseph Campbell a hero is an individual who is able to depart from his or her ordinary life for the sake of helping others in an opposite world. Campbell portrays his idea of a hero by utilizing the title character in Beowulf. Beowulf demonstrates many of Campbells stages of a hero through his strategic actions, his love for justice, and most importantly through his extraordinary strength.   Ã‚  Ã‚   The hero Beowulf, is the â€Å"strongest of the Geats-greater/ And stronger than anyone anywhere in thisRead MoreBeowulf Is a Hero Essay877 Words   |  4 PagesBeowulf Essay Every epic hero possesses certain heroic characteristics. The epic poem Beowulf describes the most heroic man of the Anglo-Saxon times. Beowulf is the hero. He shows that he is a great man by always putting other things before his own needs. He is important and needed by his people and is known by many as a strong, courageous and a helpful person. He shows all of the qualities and traits that a true hero possesses. Beowulf, like other epic heroes, possesses the following heroic qualities:Read MoreBeowulf : An Epic Hero930 Words   |  4 Pages The story of Beowulf shows its reader many characteristics of why this Anglo-Saxon poem is an epic. First of all, Beowulf is a warrior of epic renown by the time he formally introduces himself in the poem. Next, Beowulf is the warrior that many strive to be in life. In addition, Beowulf finds himself tackling many quests that involve dangerous beasts, or as he might call them, demons. The next quality shown by Beowulf is his bravery and honor. The reader is able to easily identify this characteristic

Renewable Energy Sources Comparing How Effective They Are...

renewable energy sources comparing how effective they are at producing energy in the UK, taking climate and geographical location into account. I will also be discussing some environmental and political factors behind the need for renewable energy technology such as climate change and Kyoto protocol and focusing on two specific forms of energy production, solar panels and wind turbines also discussing the difference between direct and indirect energy collection. Energy use in the UK is at its highest in history in the years 1990 to 2001. It rose by 11% Nearly all this power is made available by the burning of fossil fuels. The fossil fuels that exist in the earth are formed by compression of plants and animals remains by over millions of†¦show more content†¦These are called greenhouse emissions which are thought to cause the climate to become warmer. Construction and manufacture of buildings and their components account for two thirds of the carbon dioxide released into the atmosphere, affecting its composition by changing the natural cycle of the earth, polluting it and causing global warming. This in turn could cause sea levels to rise by up to 0.5 metres by the end of the century. Left: for nearly half a million years atmospheric concentrations of CO2 have remained in the 200 to 300 parts per million but in 2001 they exceeded this range to 370 ppm the IPCC suggest they could be as high as 700 ppm by the end of the twenty-first century. (IPCC DATA) The threat of global climate change caused by CO2 from fossil fuel combustion is one of the main reasons why there is a growing consensus on the need to reduce these by 60%-80% by the end of the twenty-first century and ultimately a switch to low or zero carbon energy sources such as renewable ones. Buildings account for 40% of all energy used in the EU so European and UK governments have developed policies that aim to tackle energy usage in buildings and construction by a number of targets, grants and incentives that aim to increase the amount of renewable energy we use in our homes and reduce emissions. Renewable energy can be defined as ‘energy obtained from the continuous or repetitive currents of energy recurring in the natural environment’ there

Concept of Equilibrium in Economic Traditions

Question: Discuss about the Concept of Equilibrium in Economic Traditions. Answer: Introduction Economic equilibrium is a state where the economic forces of demand and supply are equal or balanced. This occurs at the point of intersection between the supply and the demand curve (Tieben, 2012). This is the point that is referred to as the point of equilibrium. In a free market, the unit price of a particular good keeps on changing and stabilizes at the point where demand equals supply. For a countries` economy to be at equilibrium, it means that the aggregate demand must be equal to the aggregate supply in the short run and aggregate supply in the long run. This concept of macro-economics is explained through the Keynesian theory and the theory of knowledge. However, there are instances when government intervention is needed in order to achieve equilibrium in production of goods and services as well as distribution of income through various policies in order to influence economic stability. In economics, the national income is the same as the level of output that a country produces within a period of time. This level of output is therefore very important to the health of any economy. The actual output of a particular country and its corresponding price are determined at the point which the aggregate demand curve and the aggregate supply curve intersect. Since economists distinguish between short run and long run aggregate supply, there are both short run and long run macroeconomic equilibrium. However for the economy to be in stable equilibrium, both of this needs to intersect at a point. Short-run equilibrium output An economy is in short-run equilibrium at the point where there is equal short-run aggregate supply and aggregate demand. In macro-economic analysis, short-run means the period in which prices are not affected by prevailing economic conditions. The output Y and price P are determined at the point where the aggregate demand curve and short-run aggregate supply curve intersect. This output Y is the equilibrium output and price p is the equilibrium price. This means that the output from the economy is equivalent to the level of demand in that economy and so producers should maintain their level of output. In the short-run, there is no inflationary or deflationary gap. Equilibrium output in the long-run This occurs at the point where aggregate demand equals the long-run aggregate supply. Long-run is a period long enough to allow prices of outputs to correspond to prevailing economic conditions. The equilibrium output and price in the long-run will be determined at the point where long-run aggregate supply curve and long run aggregate demand curve intersect. There are two theories that explain the equilibrium of an economy. These theories are; new classical economic theory and the Keynesian economists. New classical model According to this model, the economy will be at equilibrium in the long run at the point where maximum level of output is employed. Therefore, long-run equilibrium is achieved at the point of intersection between the vertical long-run aggregate supply curve and the aggregate demand curve as illustrated in the figure below. If aggregate demand changes, it will only affect price level. The illustration Below shows change in aggregate demand from AD1 to AD2 which in turn increases the price from P1 to P2 with the level of real output remaining the same. The figure above shows an illustration of combination of the long run supply curve and the short run supply curve. A shift in demand curve from AD1 to AD2 due to changes in any component of aggregate demand, the economy will experience an inflationary gap. This is where the economy is at equilibrium only at the point where output is greater than the full employment output level. This will occur only for a short period of time. Therefore, the level of equilibrium output in the long-run is equal full employment output level. The free market forces will cause the economy to move to equilibrium without the government intervening. According to this theory, increase in aggregate demand brings about inflationary gap in the long run and therefore government wont need to intervene. Keynesian model The point where aggregate demand and long-run aggregate supply are equal determines the equilibrium output .Keynesian economists have however argued that the equilibrium level of output occurs at different levels. During full employment , and where the output is lower than the output level, the state of the economy can be economy can be said to be at equilibrium . This happens especially in the event where the output of the economy operating below its optimum output capacity. In such scenarios, the aggregate demand determines the equilibrium output. An increase in demand from AD1 to AD 2 will increase output Y1 to Y2 without changing the price levels. The reason for this is the spare capacity in the economy which means that producers can use the existing capacity to increase levels of production without increasing production costs. inflationary pressure will therefore be experienced in the economy. Further increase of demand to AD3 will result to inflationary pressure due to scarcity of factors of production hence increase in prices from P1 to P2. In situations where the economy is at full employment and an increase in the aggregate demand is experienced, there will be no increase in the output levels but price levels will increase. This is because the production capacity of the economy is full and therefore output cannot be increased further (Urai, 2010). The inflationary gap may cause the government to intervene in order to prevent the prices from increasing any further. The government will intervene to reduce the aggregate demand through fiscal and monetary policies. The government will cut its spending and increase taxation or reduce the supply of money in the economy. It can also increase interest rates through the central bank. In a situation where the aggregate supply in the long term and the prices keep on reducing, the government will employ policies that will reduce economic recession. The government can implement expansionary fiscal policies. This involves decreasing taxes and increasing spending by the government. This will in turn increase aggregate demand. The central bank can also reduce interest rates in order to increase money supply hence increasing demand. Conclusion From the analysis carried out above, the stable economic equilibrium is achieved only when the aggregate short run supply, aggregate long-run supply and demand are equal. At this point, the equilibrium output level and equilibrium price level is determined. Equilibrium is achieved through interaction of market forces of demand and supply. However, according to Keynesian economist government intervention is necessary in order to bring about market equilibrium as discussed in the previous paragraphs. References: Tieben, B. (2012). The concept of equilibrium in different economic traditions: An historical investigation. Cheltenham: Edward Elgar Pub. Urai, K. (2010). Fixed points and economic equilibria. Singapore: World Scientific.

My Success Plan Essay Example Essay Example

My Success Plan Essay Example Paper My Success Plan Essay Introduction My Success Plan My Success Plan Essay Body Paragraphs My Success Plan Step one: Defining a mission and vision statement In launching my business when I am ready, the first step is creating a mission and vision statement, which I will intend to achieve. The mission statement will define my business, its purpose of existence, its primary customers, products and services that I will offer. The main purpose of the mission statement will be defining the purpose of my business. With a mission, I will be in a position to know what is important for the business and what is not (Pinson Jinnett, 2006). It further creates a sense of direction by providing me with a focus. On the other hand, the vision statement will be the image of the business in the future. It will be articulating the hopes and dreams I have for the future and stating where I wish to be in the future. With vision and mission statement, I will be having a clear picture of my business purpose and future. With this, I will focus my resources towards attaining them. The mission and vision statement will help me with business planning. Step 2: defining goals and objectives The second step toward the success of my business would be defining the goals and objectives upon which I will dedicate my resources. The goals and objectives shall be aligned to the vision and mission statement. The goals will be broad statements stating what I intend to achieve in the long-term future. This will direct my planning and decision-making (Pinson Jinnett, 2006). The objectives will state specific targets achievable within a certain predetermined period. The objectives will be specific, measurable, attainable, realistic, and time-specific. The objectives will act as the steps towards achieving the goals. The goals and objectives will help me in stating what I want to achieve and when the achievement should be attained. This will be quite helpful in establishing a plan for attaining the overall goal that is the mission. Additionally, this will provide a focus of the business (Eh mke Akridge, n.d). Step 3: analyzing the market In this step, I will describe the market in which the business will exist. In this process, I will discuss the market aspects such as the targeted customers, competition, market characteristics and the means to gain a competitive advantage. Within this step, I will analyze and narrow down the potential customers to those who are likely to buy the product. Some of the issues to consider about customers will be whether they are local, national, international o global in order to know how to reach the customers (Ehmke Akridge, n.d). The age of the customers, gender, lifestyle and income in order to help in pricing and putting the right features to serve the different customers. Other considerations can include religion and social background. The other issue to consider about the market is its characteristics. For characteristics, some of the factors to consider can be analyzed using porter’s five forces model. The factors include supplier power, buyer power, and barrier to entrants, rivalry and legal regulations. With a market analysis, I will be aware what I will expect and the needs to enter the market. Step 4: Competitor analysis After the market analysis, I will analyze the competition. This will entail conducting a detailed review of the competitors by considering such aspects such as market share, marketing plan, pricing, customer relationship, strengths and products (Ehmke Akridge, n.d). This will also require defining the close competitors and their nature considering not all will pose direct competition while some that may not be obvious could pose stiff competition such as shopping malls. From each of the competitors, a SWOT analysis will be conducted in order to identify their weaknesses upon which to take advantage. It is essential to understand the operations and strategies of competitors in order to make a stand within relative terms among the competitors as well as know how to compete compet itively. Step 5: establishing a marketing plan Any business requires marketing itself to the customers in order to create awareness to the people about its operations, products and services. A marketing plan will focus on four areas, which include the products and services offered, pricing, promotion efforts, and distribution. In this section, the products and services will be defined in details as well as their function, benefits, what they offer and their distinguishing features. Features should include its color, size shape, cost and its abilities (Morris, 2011). Other aspects could include packaging, support and warranties. Pricing will concern the strategy used to price the products and services. Some of the issues that will be considered during pricing are costs of operating the business, competitions and goals of the business. Some of the strategies to be considered include scheming, mark up cost, and penetration pricing. Distribution will describe the way the products and se rvices will be distributed to the customers. It also defines the geographical area to be covered. The decisions within this factor will focus on the distributions channels and methods in order to avail the products and services to the customers within the required time. Finally, promotional efforts will focus on communicating to the customers about the value of the products and services offered. It will target on availing information to the targeted customers (Morris, 2011). Step 6: Operation plan This will involve defining ownership, organization structure, management, production a resources and legal issues. The aim of the operation plan is to state the plans that will be undertaken in order to achieve the purpose of the business. This will include the production methods, processes within the organization, decision-making, flow of information and other operations that ensure seamless flow of work within the business (Covello Hazelgren, 2006). Step 7: the financing plan This step will deal with the sources of finance. Considering every business requires capital for commencing as well as operational finance to handle the budget, a plan will be necessary in order to succeed. This will concern with available sources of finance, emergency sources, how to repay in case it is a loan. Additionally, it will concern with forecasting costs that will be incurred as well as expected cash flows. This will be the final step before an executive summary is written to summarize all the points and placed at the start of the plan. References Covello, J.A. Hazelgren, B.J. (2006). The Complete Book of Business Plans: Simple Steps to Writing Powerful Business Plans. Naperville, IL: Sourcebooks, Inc Ehmke, C., Akridge, J. (n.d). The Elements of a Business Plan: First Steps for New Entrepreneurs. Purdue University. Morris, M. (2011). Starting a Successful Business: Choose a Business, Plan Your Business, Manage Operations. New York, N.Y: Kogan Page Publishers Pinson, L. Jinnett, J. (2006). Steps to Small Business Start-Up. Kaplan, L.A: Kaplan Publishing. 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buy custom “Significant Relationship” essay

buy custom â€Å"Significant Relationship† essay A study was conducted by George E. Arnold to analyze the relationship between the styles of leadership and its impact upon the success of a virtual project. Today, world has seen a considerable increase in virtual projects. Estimates show that in 2004 about thirteen million employees in US were part of at least one team making virtual projects. About five hundred project management professional-certified project manager of the Kansas City, Missouri, Metropolitan area was assessed for the study. These managers were evaluated upon questionnaires. Which were divided in to three sections? These questionnaires were administered via emails. A total of two hundred and twenty nine responded of the selected sample of five hundred. The response rate was about half of the selected population, it seemed significant with the total of two hundred and eighteen responses needed to prove the variables at the selected confidence interval. (George E. Arnold, 2008) The study showed that a significant relationship prevails among different leadership styles mostly importantly transformational leadership and project success in virtual projects. Quantitative analysis was done of the data. This data is expected to help leaders in comprehending the affect of different styles of leadership on the progress of different projects formulated for virtual communication among organizations. (George E. Arnold, 2008) The usage of collaborative technology is growing at high rate in this rapidly growing environment. Today organizations are required to install virtual projects to bring close people from different geographical locations. The creation of virtual team will help the organizations perform their functions at different georgraphical locations bridging the gap of time and distance. This type of team supports the organization to bring close several talented people unable to maintain face to face working relations in different projects of virtual teams. Virtual project teams create unique leadership challenges. These types of teams do encounter restrictions in face to face communication therefore their activities are impeded due to primary leadership activities. (George E. Arnold, 2008) The selection of an accurate and suitable style of leadership is necessary to maintain the functioning and success of virtual projects. (George E. Arnold, 2008) It is assumed that future organizations will require such leaders that will be capable to handle uncertainty and competition among a different working people. This will help leaders attain the viability and profitability of their organizations. The second category is mostly used in the consultants or external assessors orin business to business activities like B2B e-commerce. These categorization also depend upon the principle of proximity to explicit whether employees are geographically close to each other or are scattered. A work-cycle synchronicity was designed to understand the interaction of the participants at different time periods (George E. Arnold, 2008) A virtual project team is a group of geographically dispersed workers brought together across time and space through information and communication technologies. These teams work in unison and are very close to each other despite having temporal, spatial and cultural differences. They mostly communicate via conference calls, video conferences, email etc. this is leading to the development of a new leadership role in the criterion. Advancements in the technical and collaborative soft wares increases the utilization of virtual team. These types of teams play an important role in maintaining reductions in the real estate expenses, increased productivity, higher profits, environmental benefits and greater access to global markets. (George E. Arnold, 2008) The analysis of the data in the study show that a statistically significant relationship prevails between transformational leadership and project success in virtual projects. In fact transformational style of leadership has emerged as a prominent and most effective leadership style especially in the virtual projects and their success. Though, some of the personalities characteristics of transformational leadership are not prominent in case of virtual projects and teams for instance charisma and vision. Organizations are developing certain trans-national teams to perform in an effective manner. It will help to overcome certain means of efficiency and flexibility to reduce certain problems (Daphna, Niv and Dalia, 2005) This restriction of characteristics helps in the effective understanding of the virtual leadership. Transactional leadership is also significant in virtual leadership for it helps in the comprehension of task completion. . Hence, it is necessary for the leaders nowadays to possess certain skills with the help of which they can interact with people in a successful manner. Leaders must have skills to lead with success in this widely altering world. It is necessary for the leader to aware people of the virtual communication methods present. In this way they will be able to select the most felicitous for themselves and their organization. (Daphna, Niv and Dalia, 2005) Daphna et all conducted a study to find out the influence of the division of Labor, Hierarchy and work process upon the efficiency, effectiveness and satisfaction of virtual leadership. TThe structure of the virtual leaders can increase the corporate output of such leaders. The outcomes of the study suggest that the virtual-structured teams are more successful than virtual-unstructured teams. The functioning of the virtual teams is expected to enhance in future. (Daphna, Niv and Dalia, 2005) During previous few years team working has came into existence several organizations are now using teams to perform their functions. The usage of virtual team has gained attention and significance in various organizations most of these are international organizations that perform their activities at the global level. Therefore on the basis it the teams can be defined as part of the model that predicts the influence of the virtuality and structural levels on processes, social and tasks, that effect team output. (Daphna, Niv and Dalia, 2005) Most common question asked these days is that Has the virtual era put an end to team structure. Today the teams virtuality level has be accepted as an integral construct of the definition of team. Several variables are affected by the teams virtual level such as face to face members of team posses high degree of cohesiveness, they are capable to maintain stronger social ties, they are more task oriented and show a dedication towards tasks and participants of the teams. They also possess an affectionate relationship with each other. However, in case of the time period to maintain stronger social ties is more. Virtual teams take more time to maintain stronger ties with people. Similarly, it has a negative influence upon the outcomes of the teams. Frequency and distance are considered responsible for it. The unfamiliarity among the team members is also a factor that hinders in the exchange of ideas and information among team members. (Daphna, Niv and Dalia, 2005) About fifteen interviews were conducted among the team members. It was found that the virtual leader are being treated as something novel, something which does not posses the proper item to operate with. Explicitly, all the members f virtual teams know that a virtual team operate in isolation and does not involve the participation of structural characteristics. The method of communication suggests what kind of processes is involved in the virtual teams. The processes can be either task or social oriented. Usually, Virtual communication is task oriented this type of communication is cheaper than face-to-face communication. The entire study found that certain level of reforms is needed in the task orientation to maintain and control virtual communication. However more organization is required for this purpose. (Daphna, Niv and Dalia, 2005) Buy custom â€Å"Significant Relationship† essay

Free Essays on Schizophrenia

Dementia Praecox, the early term for schizophrenia was presented by Emil Kraepelin in 1898. Dementia Praecox included – dementia paranoids, catatonia and hebephrenia. Whilst these different entities are symptomatically very diverse, Kraepelin believed they shared a common core. Kraepelin noted several major symptoms in his patients, these included hallucinations, delusions, negativism, attentional difficulties, stereotyped behaviour and emotional dysfunction. Kraepelin focused on describing schizophrenia and made no attempt to categorise and explain what he saw. Eugen Bleuler however tried to define the core of the disorder. Bleuler disagreed with Kraepelin on two points. Bleuler believed that the disorder didn’t necessary have an early onset and that the disorder didn’t necessarily lead to total dementia. Since he believed that the disorder didn’t lead to total dementia the term dementia praecox was no longer valid, so in 1908 Bleuler suggested a new term for the condition Schizophrenia. Bleuler had a great influence over the American concept of Schizophrenia. Whilst the European view of Schizophrenia remained relatively narrow. The American view of schizophrenia broadened significantly during the 20th century, with 80% of patients in the New York State Psychiatric Institute being diagnosed with Schizophrenia in 1952. Adolf Myer argued that diagnostic categories where often to stringent and believed that a more flexible approach to defining Schizophrenia was necessary. Kansnin then found that some patients showed signs schizophrenia combined with symptoms from other disorders. The concept of schizophrenia was also broadened by Hoch who believed that schizophrenia often disguises itself has other disorders. As a result a lot of people who would normally have been diagnosed with personality disorders or neurosis, where diagnosed has having schizophrenia. After the publication of DSM III the American definition moved away ... Free Essays on Schizophrenia Free Essays on Schizophrenia During the 1950s, mentally disordered people who were harmful to society and themselves could be treated with medications and were able to return safely to their communities. Unfortunately in the 1980s, the cost of health care increased more than any other cost in our national economy. Strategic planning has been made to reduce costs, as a result, â€Å"The political decision made to deinstitutionalize chronic mental patients started with the appearance of phenothiazine medications. Dramatically reducing the instability influenced by psychosis, these medications were of great significance to many individuals with serious mental disorders. At both the state and federal levels, legislators looked at the high cost of long-term psychiatric hospitalization. Social scientists guaranteed them that community-based care would be in the best interests of all concerned: the mentally ill and the general, tax-paying public.† (Barry 13) It was believed that a social breakdown syndrome would develop in chronically mentally ill persons who were institutionalized. The characteristics of this syndrome were submission to authority, withdrawal, lack of initiative, and excessive dependence on the institution. Even though deinstitutionalization seemed like the logic thing to do, the actual execution of the concept has been greatly undermined by the lack of good community alternatives. The largest majority of individuals using community mental health treatment services are the homeless. Nearly half of the homeless are chronically mental ill. These individuals are usually separated from their families and are all alone on the dangerous street. These homeless schizophrenics stay away from social structures such as community health treatment centers. Since they start a new life of independence they often stop taking their medications, become psychotic and out of place, and begin to live on the street. Since the schizophrenics are deinstitutionaliz... Free Essays on Schizophrenia The pathophysiological theories of auditory hallucinations have virtually been unknown until recently. These theories of auditory hallucinations â€Å"suggest that the production of auditory hallucinations in schizophrenia is associated with increased activity in a network of cortical areas specialized for language† (McGuire, PK, GMS Shah, and RM Murray; Lancet, v. 342, iss. 8873, pg 704; 1993). McGuire, Shah, and Murray conducted a famous study in which they studied 12 schizophrenic patients at various hospitals. Using single photon emission topography (SPET) they measured regional cerebral blood flow with â€Å"the aim of identifying brain areas that are especially active during auditory hallucinations† (McGuire, Shah, and Murray, pg 703). The results of their study were very interesting and made great leaps in the study of schizophrenia. They discovered that an area of the brain known as Broca’s area, which is the part of the brain known to be involved in speech production, expe! rienced an increase of blood flow during auditory hallucinations. This is interesting because â€Å"since hallucinations usually involve understanding the ‘speech’ of others, you might expect more activity in Wernicke’s area, which involves language comprehension† (Barlow, David and Mark Durand; Abnormal Psychology: Brooks/Cole Publishing Company; Pacific Grove, 1999). This means that people who are hallucinating are probably not hearing the voices of others, but are listening to their own thoughts or their won voices and cannot recognize the difference.... Free Essays on Schizophrenia Schizophrenia 3 Schizophrenia Schizophrenia is a very serious disease that knows no shape, size, gender, or color. Schizophrenia is characterized by profound disruption in cognition and emotion, affecting the most fundamental human attributes: language, thought, perception, affect, and sense of self (Spearing 2004). Having no single definitive symptom makes it hard to diagnose and even harder to live with. Schizophrenia can be draining on both the person with the illness and their families. The mental, physical, and financial strain it imposes can cripple even the strongest of people. Though it is not exploited as much as AIDS and Cancer, schizophrenia is out there, and it is a disease that everyone should be aware of and have a healthy fear of. Schizophrenia is a mental disorder that is basically a loss of contact with reality. When a person’s thinking, feeling, and behavior is so far from normal and interferes with their ability to function in everyday life, then he or she has a mental illness called schizophrenia (Papolos 1997). Schizophrenia is typically characterized as a separation between the thought process and emotions (Myers 2003). However, trying to define schizophrenia is like trying to hit a moving target. The disorder can distort reality and cause delusions as well as hallucinations. Schizophrenia is a brain disease, meaning that there should be a way to cure it, however, that cause has not been found yet (Papolos 1997). The tough thing about schizophrenia is the exact cause of it is still unknown by scientist. The only thing they are certain of is that schizophrenia has more than one cause. Scientist believe that like heart disease schizophrenia may result from an interplay of genetic and environmental factors (Hattfield 1998). Though they are yet to understand all of the factors necessary to produce schizophrenia, all the tools of modern biomedical research are being used to search for genes... Free Essays on Schizophrenia Schizophrenia is one of the most serious and complex disorders of the mind. The disease is an abnormal decay of the person’s mental functions. Schizophrenia is an often-misunderstood disease; it is usually confused with Multiple Personality Disorder. According to Webster’s Dictionary Schizophrenia is defined as any of a group of psychotic disorders usually characterized by withdrawal from reality, illogical patterns of thinking, delusions, and hallucinations, and accompanied in varying degrees by other emotional, behavioral, or intellectual disturbances. Schizophrenia is associated with dopamine imbalances in the brain and defects of the frontal lobe and is caused by genetic, other biological, and psychosocial factors. All these factors force the person to require medical attention constantly as they cannot face the daily tasks of their lives. Schizophrenics who also suffer from inappropriate moods, hallucinations and delusions, make them highly unpredictable to care for or treat effectively. Schizophrenia is a mental disorder that severely impacts how millions of Americans think feel and act. It is a disorder that makes it difficult for a person to tell the difference between real and imagined experiences, to think logically, to express normal emotional responses or to behave normally in social situations, also the disease has many types of medications to help its patients. Schizophrenia affects men and women equally, and either way there is always a heavy burden on the family. E. Fuller Torrey states, â€Å"Work on schizophrenia show that exactly one out every hundred people in the United will be diagnosed with schizophrenia†(3). Schizophrenia can be draining on both the person with schizophrenia and their families. People with schizophrenia often have difficulty functioning in society at work and in school. The families have a heavy burden because they have to help out financially and make sure that medication is taken as ... Free Essays on Schizophrenia Schizophrenia Schizophrenia, severe mental illness characterized by a variety of symptoms, including loss of contact with reality, bizarre behavior, disorganized thinking and speech, decreased emotional expressiveness, and social withdrawal. Usually only some of these symptoms occur in any one person. The term schizophrenia comes from Greek words meaning â€Å"split mind.† However, contrary to common belief, schizophrenia does not refer to a person with a split personality or multiple personality. To observers, schizophrenia may seem like madness or insanity. Perhaps more than any other mental illness, schizophrenia has a debilitating effect on the lives of the people who suffer from it. A person with schizophrenia may have difficulty telling the difference between real and unreal experiences, logical and illogical thoughts, or appropriate and inappropriate behavior. Schizophrenia seriously impairs a person’s ability to work, go to school, enjoy relationships with others, or take ca re of oneself. In addition, people with schizophrenia frequently require hospitalization because they pose a danger to themselves. About 10 percent of people with schizophrenia commit suicide, and many others attempt suicide. Once people develop schizophrenia, they usually suffer from the illness for the rest of their lives. Although there is no cure, treatment can help many people with schizophrenia lead productive lives. Schizophrenia also carries an enormous cost to society. People with schizophrenia occupy about one-third of all beds in psychiatric hospitals in the United States. In addition, people with schizophrenia account for at least 10 percent of the homeless population in the United States (see Homelessness). The National Institute of Mental Health has estimated that schizophrenia costs the United States tens of billions of dollars each year in direct treatment, social services, and lost productivity. Approximately 1 percent of people devel... Free Essays on Schizophrenia Dementia Praecox, the early term for schizophrenia was presented by Emil Kraepelin in 1898. Dementia Praecox included – dementia paranoids, catatonia and hebephrenia. Whilst these different entities are symptomatically very diverse, Kraepelin believed they shared a common core. Kraepelin noted several major symptoms in his patients, these included hallucinations, delusions, negativism, attentional difficulties, stereotyped behaviour and emotional dysfunction. Kraepelin focused on describing schizophrenia and made no attempt to categorise and explain what he saw. Eugen Bleuler however tried to define the core of the disorder. Bleuler disagreed with Kraepelin on two points. Bleuler believed that the disorder didn’t necessary have an early onset and that the disorder didn’t necessarily lead to total dementia. Since he believed that the disorder didn’t lead to total dementia the term dementia praecox was no longer valid, so in 1908 Bleuler suggested a new term for the condition Schizophrenia. Bleuler had a great influence over the American concept of Schizophrenia. Whilst the European view of Schizophrenia remained relatively narrow. The American view of schizophrenia broadened significantly during the 20th century, with 80% of patients in the New York State Psychiatric Institute being diagnosed with Schizophrenia in 1952. Adolf Myer argued that diagnostic categories where often to stringent and believed that a more flexible approach to defining Schizophrenia was necessary. Kansnin then found that some patients showed signs schizophrenia combined with symptoms from other disorders. The concept of schizophrenia was also broadened by Hoch who believed that schizophrenia often disguises itself has other disorders. As a result a lot of people who would normally have been diagnosed with personality disorders or neurosis, where diagnosed has having schizophrenia. After the publication of DSM III the American definition moved away ... Free Essays on Schizophrenia A lot of the research and information I found on schizophrenia, are heavy on the side of genetics. However; there is much evidence of the environment having a large impact as well. It is hard to say what kind of effect you childhood experiences have on schizophrenic people because the disease isn't usually diagnosed until the ages of 18 and on. There is some evidence that I will discuss later on that have to do with environmental factors during pregnancy that have some correlation to schizophrenia. Schizophrenia is the most common psychoses in the United States affecting around one percent of the United States population. It is characterized by a deep withdrawal from interpersonal relationships and a retreat into a world of fantasy. This plunge from reality to fantasy results in a loss of contact from reality that can vary from mild to severe. They is more than one acceptable definition for psychosis. The psychoses are different from other groups of psychiatric disorders in their degree of severity, withdrawal, alteration in affect, impairment of intellect, and regression. It is possible that there may be a pre-schizophrenic phase a year or two before the disorder is diagnosed. This phase may include neurotic symptoms such as acute or chronic anxiety, phobias, obsessions, and compulsions or may reveal dissociative features. As anxiety mounts, indications of a thought disorder may appear. An adolescent may complain of difficulty with concentration and with the ability to complete school work or job-related work. Over time there is severe deterioration of work along with the deterioration of the ability to cope with the environment. Complains such as mind wandering and needing to devote more time to maintaining one’s thoughts are heard. Finally, the ability to keep out unwanted intrusions into one’s thoughts becomes impossible. As a result, the person finds that his or her mind becomes so confused and thoughts so distracted, t... Free Essays on Schizophrenia Schizophrenia The most puzzling of all mental abnormalities is the psychosis, known as Schizophrenia. Evidence indicates strongly that schizophrenia is a severe disturbance in the brain’s functioning. It’s caused by many factors- including changes in the chemistry of the brain, changes in the structure of the brain and genetic factors. â€Å"Schizophrenia† is a discordant and cruel term, just like the disease. (E. Fuller Torrey,M.D.) In 1843, Dorothea Dix appeared at the Massachusetts court to state that the state of insane persons confined within this common wealth in cages, closets, cellars, stalls, pens, chained, naked, beaten with rods, and lashed into obedience. In 1985 witnesses testified for the senate subcommittee on the Handicapped regarding staff abuse of people resided in mental Hospitals, including â€Å"kicking or otherwise striking patients, sexual advances and rape, verbal threats of injury and other forms of intimidation.† (E. Fuller Torrey, M.D.) In 1982 The New York Times reported on nine mental patients, placed with a fee in a foster home operator, who were kept in a shed with no toilet or running water and â€Å"two vicious dogs chained outside the small room† to make sure they did not run away. In the 1980’s newspapers regularly reported seriously mentally ill p ersons freezing on the streets in wi! nter. It became common, when a homeless man froze to death a few blocks from the White House, the Washington Post â€Å"routinely reported his death as a minor part of a weather story.† The front page of The New York Times featured a picture of a city worker â€Å"trying to give lunch to a man who lives in a box in Battery Park.† The picture showed a make shift shelter made of pieces of cardboard on a park bench. In Massachusetts, â€Å"two small defenseless street people† were beaten to death. (E. Fuller Torrey, M.D.)The local newspaper editorized that as it was like having â€Å"rabbits forced to live in the c... Free Essays on Schizophrenia Schizophrenia Schizophrenia is a psychotic disorder type of mental illness that affects an individual’s personality and their ability to cope with everyday life. Even though schizophrenia can develop in older people, it generally develops in early adulthood. It seems that more men are affected between the ages of 16 to 20 years but more women are affected between the ages of 25 to 30. Schizophrenia affects approximately 1 percent of all people, all over the world. Types of schizophrenia Catatonic schizophrenia – shows physical symptoms like immobility, having strange posture and frenzied movement. Paranoid schizophrenia – having major delusions and hallucinations. Disorganised (hebephrenic) schizophrenia – having abnormal emotional reactions and disrupted speech and thinking patterns. Undifferentiated schizophrenia – having a combination of symptoms from all groups. Major Symptoms Delusions – having a false belief of guilt, persecution or being controlled. People that suffer delusions may feel as though there are plots or conspiracies against them by the government. They will become withdrawn. Some people believe that they have super powers. Hallucinations – usually this is referring to hearing voices in their head. Some uncommon hallucinations are hearing, seeing, smelling, tasting and touching things that only they can perceive. Thought disorder – people showing thought disorder will be hard to understand as it affects the way the ill person talks. Their speech will be mixed up and they will change subject quickly and with no apparent reason. Some people will believe that their mind is being controlled or that thoughts are being implanted inside, or being removed from, their head. Other symptoms include: Loss of motivation – where the ability to accomplish simple everyday things, like washing and cooking, are gone. Dulled expressions of emotions – losing the ability to show emotion, this is ... Free Essays on Schizophrenia The Causes and Symptoms Schizophrenia Schizophrenia : A life destroyer. Schizophrenia is one of the most common serious psychiatric illnesses in the United States. â€Å"In fact schizophrenia hits one person in every hundred. In the United States alone there are a minimum of two million schizophrenics† (Walsh 52). The causes for schizophrenia are not fully known and are still under research. The most common symptoms include hallucinations, delusions, disorganized speech patterns, disorganized behavior and a decrease in emotional expression. Dealing with schizophrenia is a difficult task and if left untreated, could be fatal to ones health. The effects of schizophrenia do not stop at the lives of the patients, they also make their way to family and friends. Many of whom experience feelings of sorrow, guilt and anger. Leaving schizophrenia untreated is hazardous and may be fatal to both the victim and the people around them. There are various medications and treatments that a schizophrenic can endure in order to he lp them maintain a normal lifestyle. Schizophrenia is a word derived from the Greek Language. Schizo, meaning split and phrenia, meaning mind (Wascow 2). This definition is often why schizophrenia is misunderstood to be a mental disorder of split personalities. Schizophrenia has absolutely nothing to do with splitting ones personality into multiple parts, in fact most schizophrenics are often too disordered to carry out double lives. The actual message Dardis 2 Eugen Bleuler, the inventor of the word â€Å"schizophrenia† was trying to convey is the splitting of reality and perception.† Schizophrenia is a serious mental disorder that lasts for at least six months, and includes at least two of the following symptoms, hallucinations, delusions, disorganized speech, disorganized behavior and decreased emotional ... Free Essays on Schizophrenia Schizophrenia Schizophrenia is a severe mental illness described by a variety of symptoms, including â€Å"loss of contact with reality, bizarre behavior, disorganized thinking and speech, decreased emotional expressiveness, and social withdrawal.† Usually only some of these symptoms occur in any one person.† More than any other mental illness, schizophrenia has a devastating effect on the lives of the people who suffer from it. A person with schizophrenia may have difficulty telling the difference between real and unreal experiences, logical and illogical thoughts, or appropriate and inappropriate behavior. Schizophrenia seriously impairs a person’s ability to work, go to school, enjoy relationships with others, or take care of oneself. In addition, people with schizophrenia frequently require hospitalization because they pose a danger to themselves. Once people develop schizophrenia, they usually suffer from the illness for the rest of their lives. Although there is no cure, treatment can help many people with schizophrenia lead productive lives. Schizophrenia usually develops in late adolescence or early adulthood, between the ages of 15 and 30. Much less commonly, schizophrenia develops later in life. The illness may begin abruptly, but it usually develops slowly over months or years. Mental health professionals diagnose schizophrenia based on an interview with the patient in which they determine whether the person has experienced specific symptoms of the illness. Symptoms and functioning in people with schizophrenia tend to vary over time, sometimes people get worse and some start feeling better. For many patients the symptoms gradually become less severe as they grow older. About 25 percent of people with schizophrenia become symptom-free later in their lives. A variety of symptoms describe schizophrenia. The most well known include â€Å"symptoms of psychosis, such as delusions and hallucinations, as well as... Free Essays on Schizophrenia Schizophrenia is a brain disorder that affects one’s ability to think clearly, manage emotions, make decisions, and relate to others. Schizophrenia typically starts during the teenage years or early adulthood and continues throughout life. The disease can occur earlier in childhood as well but it rarely occurs. Schizophrenia is often misdiagnosed. As a result, many people suffer for years before receiving appropriate treatment. People with schizophrenia often suffer terrifying symptoms such as hearing internal voices not heard by others, or believing that other people are reading their minds, controlling their thoughts, or plotting to harm them. Symptoms of schizophrenia include hallucinating, delusions, disordered thinking, unusual speech or behavior, and social withdrawal impair the ability to interact with others. These symptoms may leave them fearful and withdrawn. Their speech and behavior can be so disorganized that they may be incomprehensible or frightening to others. Available treatments can relieve many symptoms, but most people with schizophrenia continue to suffer some symptoms throughout their lives. It has been estimated that no more than one in five individuals recovers completely. Schizophrenia is found all over the world. The severity of the symptoms and long-lasting, chronic pattern of schizophrenia often cause a high degree of disability. Medications and other treatments for schizophrenia, when used regularly and as prescribed, can help reduce and control the distressing symptoms of the illness. However, some people are not greatly helped by available treatments or may prematurely discontinue treatment because of unpleasant side effects or other reasons. Even when treatment is effective, consequences of the illness persist. They may lose out on opportunities, the residual symptoms, and medication side effects can be very troubling. The first signs of schizophrenia often appear as confusing, or even sh... Free Essays on Schizophrenia Types of Schizophrenia Schizophrenia is a group of disorders that are characterized by the loss of contact with reality, and the marked disturbances of thought and perception as well as bizarre behavior. This mental disease is among the most debilitating and complex mental disease. Roughly one percent of the world is afflicted with this particular illness. Schizophrenia was first discovered in 1896 by Emil Kraeplin, but since then there has been much research and further findings. Since then there has been several different classifications of schizophrenia that have been made. The purpose of this paper is to briefly inform you on these different subtypes of schizophrenia. The first subtype of schizophrenia that I will be discussing is the paranoid subtype. The defining feature of the paranoid type is the presence of auditory hallucinations or delusional thoughts containing persecution or conspiracy. However, people with this type may be more functional with their ability to work and interact in relationships rather than people who are diagnosed with other types of schizophrenia. The reasons are not clear, but this may be because people suffering from this type often times do not do not portray symptoms of the paranoid type until later in his or hers life, which at this point they would already have achieved a higher level of functioning before the onset of their disease. People who are diagnosed with this type of schizophrenia may appear to have lived normal lives by successful management of their illness. People who are paranoid schizophrenic may not appear to be odd or dysfunctional and may not b ready to discuss their symptoms to this illness. Ord inarily, the hallucinations and delusions center around some characteristic theme, and this theme often remains fairly consistent over time. Person's temperaments and general behaviors often times relate to the content of the disturbance of thought. An example would be people w... Free Essays on Schizophrenia Schizophrenia is a chronic, severe, and disabling brain disease. Approximately 1 percent of the population develops schizophrenia during their lifetime – more than 2 million Americans suffer from the illness in a given year. Although schizophrenia affects men and women with equal frequency, the disorder often appears earlier in men, usually in the late teens or early twenties, than in women, who are generally affected in the twenties to early thirties. People with schizophrenia often suffer terrifying symptoms such as hearing internal voices not heard by others, or believing that other people are reading their minds, controlling their thoughts, or plotting to harm them. These symptoms may leave them fearful and withdrawn. Their speech and behavior can be so disorganized that they may be incomprehensible or frightening to others. Available treatments can relieve many symptoms, but most people with schizophrenia continue to suffer some symptoms throughout their lives; it has bee n estimated that no more than one in five individuals recovers completely. This is a time of hope for people with schizophrenia and their families. Research is gradually leading to new and safer medications and unraveling the complex causes of the disease. Scientists are using many approaches from the study of molecular genetics to the study of populations to learn about schizophrenia. Methods of imaging the brain’s structure and function hold the promise of new insights into the disorder. Schizophrenia is found all over the world. The severity of the symptoms and long-lasting, chronic pattern of schizophrenia often cause a high degree of disability. Medications and other treatments for schizophrenia, when used regularly and as prescribed, can help reduce and control the distressing symptoms of the illness. However, some people are not greatly helped by available treatments or may prematurely discontinue treatment because of unpleasant side effects or other... Free Essays on Schizophrenia Schizophrenia is a serious, chronic mental disorder characterized by loss of contact with reality and disturbances of thought, mood, and perception. Schizophrenia is the most common and the most potentially sever and disabling of the psychosis, a term encompassing several severe mental disorders that result in the loss of contact with reality along with major personality derangements. Schizophrenia patients experience delusions, hallucinations and often lose thought process. Schizophrenia affects an estimated one percent of the population in every country of the world. Victims share a range of symptoms that can be devastating to themselves as well as to families and friends. They may have trouble dealing with the most minor everyday stresses and insignificant changes in their surroundings. They may avoid social contact, ignore personal hygiene and behave oddly (Kass, 194). Many people outside the mental health profession believe that schizophrenia refers to a â€Å"split personality †. The word â€Å"schizophrenia† comes from the Greek schizo, meaning split and phrenia refers to the diaphragm once thought to be the location of a person’s mind and soul. When the word â€Å"schizophrenia† was established by European psychiatrists, they meant to describe a shattering, or breakdown, of basic psychological functions. Eugene Bleuler is one of the most influential psychiatrists of his time. He is best known today for his introduction of the term â€Å"schizophrenia† to describe the disorder previously known as dementia praecox and for his studies of schizophrenics. The illness can best be described as a collection of particular symptoms that usually fall into four basic categories: formal thought disorder, perception disorder, feeling/emotional disturbance, and behavior disorders (Young, 23). People with schizophrenia describe strange of unrealistic thoughts. Their speech is sometimes hard to follow because of disordered thinking. Phr ases seem di... Free Essays on Schizophrenia Schizophrenia has been found to be the most common of the various psychoses. The disorder was named by a Swiss psychiatrist, Eugene Bleuller. The word â€Å"schizophrenia† is used to describe Bleuller’s view that a splitting of psychic functions is a prominent feature of the disorder. A schizophrenic’s ideas and feelings are isolated from one another: one may speak randomly, or express frightening or sad ideas in a happy manner. Schizophrenics do not have a â€Å"split personality†, where different personalities show on different occasions. There are many symptoms of schizophrenia including delusions, hallucinations, thought disorders, loss of boundaries between self and nonself, blunted or inappropriate emotional expression, socially inappropriate behavior, loss of social interests, and deterioration in areas of function such as work and self-care. Delusions can make a patient believe that he or she is being persecuted by those around them, that a machine controls their brain, or that they are someone else. Hallucination, although they are mostly auditory, can also be visual or olfactory. The content is often hypochondriacal or religious. Some hallucinatory voices speak of matters related to the patient’s emotional problems or delusional concerns. Others transmit apparently irrelevant messages. Thought disorders may include a general lowering of intellectual efficiency, a free- associative rambling form one topic to another, a loss of the distinction between figurative and literal usage of words, reduced ability to think abstractly, invention of new words, and idiosyncratic misuse of common words. It appears that schizophrenia is a heterogeneous disorder. There are three variations of schizophrenia. Paranoid Schizophrenia is characterized by delusions. Catatonic schizophrenics may be silent and immobile for weeks or months, and then break out into a frenzy of agitation. Hebephrenic schizophrenics suffer from intel...

Europe as an Optimal Currency Area Essay Example | Topics and Well Written Essays - 750 words

Europe as an Optimal Currency Area - Essay Example The debate about Europe as optimum currency area as an important and heated point of discussion for the economic experts and analysts and there have been different standpoints presented by the experts to regard and disregard Europe as optimum currency area. The main elements identified within the definition of optimum currency area could effectively work to decide if any region could be regarded as optimum currency area or not. Likewise, Europe could also be evaluated as an optimum currency area by looking at some specific criteria like asymmetric shocks, degree of openness, international factor mobility, labour mobility, fiscal transfer, product diversification and trade and business cycles similarities etc. (Krugman and Obsrfeld, p98) The economy and labour market of Europe has been analysed by the experts from these perspective very frequently and most of the analysis and observations have concluded with the results that Europe could not be regarded as an optimum currency area bec ause it does not completely complies with the criteria set for the OCA. However, it is also a fact that most of the economic experts and analysts believe that Europe has great potential to become an OCA and in coming few years the situation would be evolved where Europe will head to appear as an OCA (McKinnon, p173). The experts arguing against the status of Europe as OCA put forward the evidences in support of their stance. It is found that free mobility of labour within the regions of Europe is not high. The labour mobility in Europe has been recorded one third of the mobility found in United States. It implies that Europe lag behind in proving itself as area of free labour mobility. Similarly it is also found that Europe is yet to establish system for extensive and automotive intra-European fiscal transfers and currently there are not enough fiscal transfers between the European countries that it could be regarded as OCA. The existence of common currency is also an important char acteristic of optimum currency area. It is imperative that the OCA should have one central bank to manage all the monitory policies in the region and the member countries use to follow the same policy as formulated and implemented by the central bank of the region. There should be single currency with fixed exchange rate system. The launch of Euro is often cited as an evidence to prove Europe as OCA however, it is also a fact that despite the use of common currency the European countries yet to have common monitory policies and they need more time to create common fiscal and monitory policies like that of an OCA (Tavlas, p211). The degree of commodities' market integration within the union members also determines the optimum currency area. In Europe, there are some countries like Britain where there is higher level of reliance upon the export of high technology commodities whereas there is also large proportion of owner occupiers in the country links with the variable interest rates (Tavlas, p211). It implies that the market integration does not take place in similar production strategies among the members of the union but there are differences in the exports and import patterns of the countries. This trend also evident that Europe is

Analysis of Risks From Living Near an Airport Essay

Analysis of Risks From Living Near an Airport - Essay Example Long exposure to emissions from the airport was estimated to have potential cancer, asthma, liver damage, lung disease, lymphoma, myeloid leukemia, and even depression. Different findings were gathered through scientific and anecdotal evidences. Scientific studies were conducted from other location with which associated with same exposure to air pollution are high among residents would also be the same effect once the new airport will be established. According to a website report (2001), "Aircraft noise may increase the risk of high blood pressure and heart disease even among people who live miles from airports, according to a study out today, the highest noise levels were 80 per cent more likely than those from less noisy areas to suffer high blood pressure". In addition, high blood pressure is the risk factor for heart disease due to noised from jets flying in and out. The scientists say that the cause of the effect is likely to be stress. Another factor is air pollutants it can enter the body from different ways, through inhalation, direct ingestion from the contaminated food, water and soil, and absorption through the skin. According to a study " daily exposure to carcinogens provides estimates of risks and hazards that are unlikely to accumulate by adults and children living nearest to the airport .Breathing in large amount of jet fuels or aviation fuels pollution might actually experience higher rate of morbidity and mortality. This pollutant is responsible for over half the population caused by transportations. Different group of people varies level of toxicity due to combustion of aviation fuel. Large group of people aside from the airport staffs are exposed to both aviation fuel and vapors from it if split accidentally, but especially those living near the airport may suffer from toxicity from the products of combustion of aviation fuel. A report from other location was observed that diseases may develop such a s almost 50% higher asthma rate, 26% higher respiratory disease, and almost 50% higher infant mortality rates and also higher genetic diseases. According to The American Heart Association "extra pulmonary effects of pollution has been consistently associated with increased of cardiovascular morbidity and mortality" In addition to this, the study estimated the resulting effects of these airborne pollutants wherein there were 78 chemicals would result cancer risk for people living near the airport "was five times higher than the regional average proving just how dangerous it can be". Specifically aviation fuel is responsible of naphthalene's dangerous effects. This chemical reaction may trigger prolonged or significant eye irritation. Once inhaled symptoms of respiratory irritation may include coughing and difficulty breathing. Based to a Timbrell, John A (2000) "At

Business Plan Bar & Grill Essay Example for Free

Business Plan Bar Grill Essay This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary1 Chart: Highlights2 1.1 Objectives2 1.2 Mission2 1.3 Keys to Success2 2.0 Company Summary3 2.1 Company Ownership3 2.2 Start-up Summary4 Table: Start-up4 3.0 Products and Services5 4.0 Market Analysis Summary6 4.1 Market Segmentation6 Table: Market Analysis7 Chart: Market Analysis (Pie)7 4.2 Target Market Segment Strategy7 4.3 Service Business Analysis8 4.3.1 Competition and Buying Patterns9 5.0 Web Plan Summary9 5.1 Website Marketing Strategy9 5.2 Development Requirements9 6.0 Strategy and Implementation Summary9 6.1 SWOT Analysis10 6.1.1 Strengths10 6.1.2 Weaknesses10 6.1.3 Opportunities10 6.1.4 Threats10 6.2 Competitive Edge10 6.3 Marketing Strategy11 6.4 Sales Strategy11 6.4.1 Sales Forecast12 Table: Sales Forecast12 Chart: Sales Monthly13 Chart: Sales by Year13 6.5 Milestones14 Table: Milestones14 7.0 Management Summary14 7.1 Personnel Plan14 Table: Personnel15 8.0 Financial Plan15 8.1 Start-up Funding16 Table: Start-up Funding16 8.2 Important Assumptions17 8.3 Break-even Analysis17 Table: Break-even Analysis17 Chart: Break-even Analysis17 8.4 Projected Profit and Loss18 Table: Profit and Loss18 Chart: Profit Monthly19 Chart: Profit Yearly19 Chart: Gross Margin Monthly20 Chart: Gross Margin Yearly20 8.5 Projected Cash Flow21 Table: Cash Flow21 Chart: Cash22 8.6 Projected Balance Sheet23 Table: Balance Sheet23 8.7 Business Ratios25 Table: Ratios25 Table: Sales Forecast1 Table: Personnel1 Table: Profit and Loss2 Table: Cash Flow3 Table: Balance Sheet5 1.0 Executive Summary [Company Name] Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] Introduction The long-term goal of [Company Name] is to serve quality food, have outstanding customer service and run and maintain a cost efficient base without sacrificing quality. [Company Name]serves high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. [Company Name] is expanding its exposure through effective marketing as well as introducing the area to market segments that have not yet discovered the Company. Location [Company Name]is headquartered in Dwight, North Dakota which is located in Dickey County. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. The Company [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The Companys owner is [Name], who established the restaurant as a Limited Liability Corporation. [Name] has 15 years of industry experience as a bartender and 8 years of experience as a cook. [Company Name] will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. Our Services [Company Name]s menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The Market [Company Name] will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name]’s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and it’s the Companys duty to deliver on their expectations. Financial Considerations The current financial plan for [Company Name] is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. Chart: Highlights [pic] 1.1 Objectives [Company Name]has three main objectives: †¢ To serve quality food. †¢ To have outstanding customer service. †¢ To run and maintain a cost efficient base without sacrificing quality. 1.2 Mission [Company Name]s mission is to serve high quality food and beverages in an inviting and friendly atmosphere at reasonable prices. 1.3 Keys to Success [Company Name]s keys to success are location, quality service and delicious food. 2.0 Company Summary [Company Name]is headquartered in Dwight, North Dakota Contact: [Name] Direct Phone: XXX-XXX-XXXX Address: [Address] [City, State ZIP] Email: [Email Address] The [Company Name] is located in Dwight, North Dakota, which is one mile west of the city Ludden in Dickey County. The Company is a start-up restaurant, owned by [Name], who has 15 years of industry experience as a bartender and 8 years of experience as a cook. Additionally, [Name] has 10 years of experience as an Administrative Assistant. [Company Name]is a steakhouse concept which will offer a comfortable, friendly atmosphere. The menu will feature char broiled steaks, chicken, shrimp, burgers and a variety of basket foods along with occasional weekend specials of prime rib and barbecued ribs. Beverages will include various beers, cocktails and non-alcoholic beverages. The [Company Name] will be located on the site of the original [Company Name], which was built in 1961. This location is a landmark that sets on Highway 1 and 11 along the James River. The [Company Name] is nested nicely near the South Dakota border between Ellendale and Oakes, ND. [Company Name]will be open 5 days per week. Serving dinner Tuesday-Wednesday from 5:00 pm to 10:00 pm; on Thursday Saturday dinner served from 5:00 pm to 11:00 pm. Furthermore, the restaurant will be open one (1) Sunday a month on trial basis. Lunch will be served from 11:00 am to 2:00 pm. The restaurant will also be set-up as an all you can eat buffet style restaurant. [Company Name]will be closed on New Year’s Day, Thanksgiving Day and Christmas Day. The lounge will be open Tuesday – Saturday from 5:00 pm to 1:00 am. The rest of business structure has not been identified as of date. There will be an attorney and accountant determined at a later date. 2.1 Company Ownership [Company Name]is a Limited Liability Corporation. The owner of the start-up restaurant is [Name], who has 100% ownership of the business. 2.2 Start-up Summary The following table and chart shows the start-up costs for [Company Name], LLC Table: Start-up |Start-up | | | | | |Requirements | | | | | |Start-up Expenses | | |Software (Cost/Inventory Control) |$500 | |Liquor/Food License (State/County) |$1,800 | |Inspections |$1,000 | |Supplies |$2,500 | |Utilities Deposit |$1,500 | |Legal Accounting fees |$5,000 | |Propane Tank 1st Fill |$3,000 | |Total Start-up Expenses |$15,300 | | | | |Start-up Assets | | |Cash Required |$0 | |Start-up Inventory |$26,000 | |Other Current Assets |$30,950 | |Long-term Assets |$329,800 | |Total Assets |$386,750 | | | | |Total Requirements |$402,050 | Chart: Start-up [pic] 3.0 Products and Services [Company Name]is a comfortable, inviting restaurant designed to make its customers feel at home. The dining side has a sizzling 48 gas powered grill and char boiler which will make all steaks to perfection. [Company Name] Menu: The following meals come with the customer’s choice of potato, baked, hash brown or fries. Meals also include a trip to the full salad bar! All steaks are hand cut daily and charbroiled to perfection. Steaks Choice Sirloin 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.75 House Sirloin 8 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Petite Sirloin 6 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.75 Beef Tips-grilled or hand dipped in batter-deep fried†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $12.50 Rib eye 12 oz†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $16.25 Rib eye 10 oz †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $14.75 Steak and Shrimp 6 oz sirloin steak with three deep fried shrimp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.50 Seafood Walleye dipped in batter and deep fried †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.75 4 Jumbo shrimp served with tater sauce or red sauce†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $13.50 Cod (Torsk)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50 Chicken  ¼ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $11.50  ½ pc dinner†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $13.50 Baskets All baskets served with fries or onion rings. Burgers are  ½ lb handmade served on toasted bun. Hamburger basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $7.50 Cheese burger basket†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $7.75 Burger basket served w/cheese, lettuce, onion, tomato†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.50 Chicken Strip (4 pc) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Chicken Drummies (6) basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $8.75 Breaded Tip basket †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $9.25 Appetizer Platter Chicken drummies, Onion rings, Cheese sticks, Mushrooms, Mini Egg Rolls. Served with Ranch Dressing†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $15.25 Beverages Coffee †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Tea †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.00 Soda†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $1.50 Milk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $1.50 4.0 Market Analysis Summary The U.S. restaurant industry, which consist of fast food, casual dining and upscale chains, is facing its toughest stretch in three decades. This is due to declining guest traffic, declining average check, and a decline in sales. To survive, restaurant operators will need to balance incentives and discounts with added value and brand enhancement. Steak restaurants comprise less than 5% of the total restaurant market. Service oriented steak houses have room to grow. Meat and potatoes are still what Americans want, and they want it with good service. [Company Name]will focus on local residents and anyone passing by who wants to enjoy a good meal in a comfortable, friendly, down home atmosphere. [Company Name] intends to cater to a wide group of people. The Company wants everyone to feel welcome and relaxed in a friendly atmosphere with a large menu selection. It is its goal to have the most tender, tastiest steaks in the area. [Company Name]has the services necessary to flourish within this industry. By delivering superior customer service, offering affordable prices and developing an outstanding reputation, [Company Name]s potential is excellent. 4.1 Market Segmentation Individuals going out to spend good money on meals or beverages want a variety of items to choose from. Additionally, these individuals want to dine at an establishment with consistent business hours. [Company Name]will be more than willing to offer that to all customers who walk into the business. The Company wants to create an environment that is fun, friendly and comfortable with prices that are very competitive. Customers are the first priority. [Company Name]s market segmentation scheme is fairly straightforward and focuses on the target market, Dickey County, North Dakota residents. These customers prefer certain services and quality of food and its Companys duty to deliver on their expectations. The information contained in the market analysis table, displays [Company Name]s main markets. All of [Company Name]s clients will benefit from its delicious food, atmosphere and exceptional customer service. Table: Market Analysis |Market Analysis | | | | | | Year 1 | Year 2 | Year 3 | |Sales | | | | |Food |$259,480 |$275,049 |$291,552 | |Dining Beverage |$14,400 |$15,264 |$16,180 | |Bar Beverage |$30,928 |$32,784 |$34,751 | |Total Sales |$304,808 |$323,096 |$342,482 | | | | | | |Direct Cost of Sales | Year 1 | Year 2 | Year 3 | |Food |$90,800 |$96,248 |$102,023 | |Dining Beverage |$1,440 |$1,526 |$1,618 | |Bar Beverage |$9,588 |$10,163 |$10,773 | |Subtotal Direct Cost of Sales |$101,828 |$107,938 |$114,414 | Chart: Sales Monthly [pic] Chart: Sales by Year [pic] 6.5 Milestones In order to achieve the growth and marketing goals that have been outline in this business plan, [Company Name]has deadlines to meet and ideas to implement. Some of these are outlined below: 1. Obtain grant funding in the amount of $350,000 to improve business 2. Acquisition of the property, contents and rights to the business Table: Milestones |Milestones | | | | | | Year 1 | Year 2 | Year 3 | |Owner/Manager |$33,600 |$34,272 |$34,957 | |Head Cook |$16,800 |$17,136 |$17,479 | |Asst. Cook |$7,776 |$7,932 |$8,090 | |Head Waiter |$12,180 |$12,424 |$12,672 | |Waiters |$13,080 |$13,342 |$13,608 | |Bartenders |$8,352 |$8,519 |$8,689 | |Dishwashers |$6,264 |$6,389 |$6,517 | |Total People |14 |14 |14 | | | | | | |Total Payroll |$98,052 |$100,013 |$102,013 | 8.0 Financial Plan The current financial plan for [Company Name]is to obtain grant funding in the amount of $350,000. The grant will be used to get acquisition of the property, contents and rights to the business. The following sections of this plan will serve to describe [Company Name]s financial plan in more detail: †¢ General Assumptions †¢ Break-even Analysis †¢ Profit and Loss †¢ Cash Flow †¢ Balance 8.1 Start-up Funding [Company Name]s start-up costs are detailed in the Start-up Table. The following table shows how these start-up costs will be funded. Table: Start-up Funding |Start-up Funding | | |Start-up Expenses to Fund |$15,300 | |Start-up Assets to Fund |$386,750 | |Total Funding Required |$402,050 | | | | |Assets | | |Non-cash Assets from Start-up |$386,750 | |Cash Requirements from Start-up |$0 | |Additional Cash Raised |$0 | |Cash Balance on Starting Date |$0 | |Total Assets |$386,750 | | | | | | | |Liabilities and Capital | | | | | |Liabilities | | |Current Borrowing |$0 | |Long-term Liabilities |$0 | |Accounts Payable (Outstanding Bills) |$0 | |Other Current Liabilities (interest-free) |$0 | |Total Liabilities |$0 | | | | |Capital | | | | | |Planned Investment | | |Owner |$10,000 | |Outside Financing |$350,000 | |Additional Investment Requirement |$42,050 | |Total Planned Investment |$402,050 | | | | |Loss at Start-up (Start-up Expenses) |($15,300) | |Total Capital |$386,750 | | | | | | | |Total Capital and Liabilities |$386,750 | | | | |Total Funding |$402,050 | 8.2 Important Assumptions The table below presents the assumptions used in the financial calculations of this business plan. The average percent variable cost is estimated to be 33%. The estimated monthly fixed cost is $13,705. 8.3 Break-even Analysis For the break-even analysis, the monthly revenue needed to break-even is $20,581. The break-even analysis has been calculated on the burn rate of the Company. [Company Name]feels that this gives the investor a more accurate picture of the actual risk of the venture. Table: Break-even Analysis |Break-even Analysis | | | | | |Monthly Revenue Break-even |$20,581 | | | | |Assumptions: | | |Average Percent Variable Cost |33% | |Estimated Monthly Fixed Cost |$13,705 | Chart: Break-even Analysis [pic] 8.4 Projected Profit and Loss [Company Name]s Pro Forma Profit and Loss statement was constructed from a conservative point-of-view, and is based in large part on past performance. The income for Year 1, Year 2 and Year 3 are $304,808, $323,096 and $342,482, respectively. The net profit for the same period is $26,961, $36,035 and $42,838, respectively. The percentages of the net profit sales for this period were 8.85%, 11.15% and 12.51%, respectively. Once the Company receives grant funding to add the new assets, the depreciation of the building will be over a 20 year period, while the equipment will be depreciated over a 7 year period. Table: Profit and Loss |Pro Forma Profit and Loss | | | | | | Year 1 | Year 2 | Year 3 | |Sales |$304,808 |$323,096 |$342,482 | |Direct Cost of Sales |$101,828 |$107,938 |$114,414 | |Other Costs of Sales |$0 |$0 |$0 | |Total Cost of Sales |$101,828 |$107,938 |$114,414 | | | | | | |Gross Margin |$202,980 |$215,159 |$228,068 | |Gross Margin % |66.59% |66.59% |66.59% | | | | | | |Expenses | | | | |Payroll |$98,052 |$100,013 |$102,013 | |Marketing/Promotion |$6,250 |$6,438 |$6,631 | |Depreciation |$12,045 |$13,143 |$13,143 | |Supplies |$600 |$618 |$637 | |Utilities |$8,400 |$8,652 |$8,912 | |Insurance |$5,004 |$5,004 |$5,004 | |Maintenance |$1,200 |$1,236 |$1,273 | |Office Expense |$1,800 |$1,854 |$1,910 | |Payroll Taxes |$9,805 |$10,001 |$10,201 | |Phone/TV/Internet |$1,800 |$1,854 |$1,910 | |Propane |$12,000 |$12,360 |$12,731 | |Property Tax |$2,508 |$2,508 |$2,508 | |Acct Legal |$5,000 |$0 |$0 | | | | | | |Total Operating Expenses |$164,464 |$163,681 |$166,871 | | | | | | |Profit Before Interest and Taxes |$38,516 |$51,478 |$61,197 | |EBITDA |$50,561 |$64,621 |$74,340 | | Interest Expense |$0 |$0 |$0 | | Taxes Incurred |$11,555 |$15,443 |$18,359 | | | | | | |Net Profit |$26,961 |$36,035 |$42,838 | |Net Profit/Sales |8.85% |11.15% |12.51% | Chart: Profit Monthly [pic] Chart: Profit Yearly [pic] Chart: Gross Margin Monthly [pic] Chart: Gross Margin Yearly [pic] 8.5 Projected Cash Flow [Company Name] is a start-up Company that has applied for a grant of $350,000. The Company forecasts that it will receive funding in the month of October. During this period, the Company will get acquisition of the property, contents and rights to the business. The following table displays [Company Name]s cash flow, and the chart illustrates monthly cash flow in the first year. Monthly cash flow projections are also included in the appendix. Table: Cash Flow |Pro Forma Cash Flow | | | | | | Year 1 | Year 2 | Year 3 | |Cash Received | | | | | | | | | |Cash from Operations | | | | |Cash Sales |$304,808 |$323,096 |$342,482 | |Subtotal Cash from Operations |$304,808 |$323,096 |$342,482 | | | | | | |Additional Cash Received | | | | |Sales Tax, VAT, HST/GST Received |$0 |$0 |$0 | |New Current Borrowing |$0 |$0 |$0 | |New Other Liabilities (interest-free) |$0 |$0 |$0 | |New Long-term Liabilities |$0 |$0 |$0 | |Sales of Other Current Assets |$0 |$0 |$0 | |Sales of Long-term Assets |$0 |$0 |$0 | |New Investment Received |$350,000 |$0 |$0 | |Subtotal Cash Received |$654,808 |$323,096 |$342,482 | | | | | | |Expenditures | Year 1 | Year 2 | Year 3 | | | | | | |Expenditures from Operations | | | | |Cash Spending |$98,052 |$100,013 |$102,013 | |Bill Payments |$136,504 |$176,166 |$184,277 | |Subtotal Spent on Operations |$234,556 |$276,179 |$286,291 | | | | | | |Additional Cash Spent | | | | |Sales Tax, VAT, HST/GST Paid Out |$0 |$0 |$0 | |Principal Repayment of Current Borrowing |$0 |$0 |$0 | |Other Liabilities Principal Repayment |$0 |$0 |$0 | |Long-term Liabilities Principal Repayment |$0 |$0 |$0 | |Purchase Other Current Assets |$0 |$0 |$0 | |Purchase Long-term Assets |$0 |$0 |$0 | |Dividends |$0 |$0 |$0 | |Subtotal Cash Spent |$234,556 |$276,179 |$286,291 | | | | | | |Net Cash Flow |$420,252 |$46,917 |$56,192 | |Cash Balance |$420,252 |$467,170 |$523,361 | Chart: Cash [pic] 8.6 Projected Balance Sheet [Company Name]s net worth is $763,711, $799,746 and $842,583, for Year 1, Year 2 and Year 3, respectively. Table: Balance Sheet |Pro Forma Balance Sheet | | | | | | Year 1 | Year 2 | Year 3 | |Assets | | | | | | | | | |Current Assets | | | | |Cash |$420,252 |$467,170 |$523,361 | |Inventory |$10,924 |$11,342 |$12,023 | |Other Current Assets |$30,950 |$30,950 |$30,950 | |Total Current Assets |$462,126 |$509,462 |$566,334 | | | | | | |Long-term Assets | | | | |Long-term Assets |$329,800 |$329,800 |$329,800 | |Accumulated Depreciation |$12,045 |$25,188 |$38,331 | |Total Long-term Assets |$317,755 |$304,612 |$291,469 | |Total Assets |$779,881 |$814,074 |$857,803 | | | | | | Table: Balance Sheet (Continued) |Liabilities and Capital | Year 1 | Year 2 | Year 3 | | | | | | |Current Liabilities | | | | |Accounts Payable |$16,170 |$14,328 |$15,219 | |Current Borrowing |$0 |$0 |$0 | |Other Current Liabilities |$0 |$0 |$0 | |Subtotal Current Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Long-term Liabilities |$0 |$0 |$0 | |Total Liabilities |$16,170 |$14,328 |$15,219 | | | | | | |Paid-in Capital |$752,050 |$752,050 |$752,050 | |Retained Earnings |($15,300) |$11,661 |$47,696 | |Earnings |$26,961 |$36,035 |$42,838 | |Total Capital |$763,711 |$799,746 |$842,583 | |Total Liabilities and Capital |$779,881 |$814,074 |$857,803 | | | | | | |Net Worth |$763,711 |$799,746 |$842,583 | 8.7 Business Ratios The table below presents ratios from the full-service restaurant markets as a reference. Table: Ratios |Ratio Analysis | | | | | | | Year 1 | Year 2 | Year 3 |Industry Profile | |Sales Growth |n.a. |6.00% |6.00% |1.65% | | | | | | | |Percent of Total Assets | | | | | |Inventory |1.40% |1.39% |1.40% |6.34% | |Other Current Assets |3.97% |3.80% |3.61% |43.25% | |Total Current Assets |59.26% |62.58% |66.02% |53.12% | |Long-term Assets |40.74% |37.42% |33.98% |46.88% | |Total Assets |100.00% |100.00% |100.00% |100.00% | | | | | | | |Current Liabilities |2.07% |1.76% |1.77% |25.40% | |Long-term Liabilities |0.00% |0.00% |0.00% |73.91% | |Total Liabilities |2.07% |1.76% |1.77% |99.31% | |Net Worth |97.93% |98.24% |98.23% |0.69% | | | | | | | |Percent of Sales | | | | | |Sales |100.00% |100.00% |100.00% |100.00% | |Gross Margin |66.59% |66.59% |66.59% |58.06% | |Selling, General Administrative Expenses |57.75% |55.44% |54.08% |23.02% | |Advertising Expenses |2.05% |1.99% |1.94% |1.74% | |Profit Before Interest and Taxes |12.64% |15.93% |17.87% |6.52% | | | | | | | |Main Ratios | | | | | |Current |28.58 |35.56 |37.21 |1.25 | |Quick |27.90 |34.77 |36.42 |1.00 | |Total Debt to Total Assets |2.07% |1.76% |1.77% |99.31% | |Pre-tax Return on Net Worth |5.04% |6.44% |7.26% |4325.19% | |Pre-tax Return on Assets |4.94% |6.32% |7.13% |29.65% | | | | | | | Table: Ratios (Continued) |Additional Ratios | Year 1 | Year 2 | Year 3 | | |Net Profit Margin |8.85% |11.15% |12.51% |n.a | |Return on Equity |3.53% |4.51% |5.08% |n.a | | | | | | | |Activity Ratios | | | | | |Inventory Turnover |10.09 |9.70 |9.79 |n.a | |Accounts Payable Turnover |9.44 |12.17 |12.17 |n.a | |Payment Days |27 |32 |29 |n.a | |Total Asset Turnover |0.39 |0.40 |0.40 |n.a | | | | | | | |Debt Ratios | | | | | |Debt to Net Worth |0.02 |0.02 |0.02 |n.a | |Current Lab. to Liab. |1.00 |1.00 |1.00 |n.a | | | | | | | |Liquidity Ratios | | | | | |Net Working Capital |$445,956 |$495,134 |$551,114 |n.a | |Interest Coverage |0.00 |0.00 |0.00 |n.a | | | | | | | |Additional Ratios | | | | | |Assets to Sales |2.56 |2.52 |2.50 |n.a | |Current Debt/Total Assets |2% |2% |2% |n.a | |Acid Test |27.90 |34.77 |36.42 |n.a | |Sales/Net Worth |0.40 |0.40 |0.41 |n.a | |Dividend Payout | 0.00 |0.00 |0.00 |n.a | Table: Sales Forecast Sales Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12SalesFood$19,346 $19,733 $20,128 $20,531 $20,942 $21,361 $21,788 $22,224 $22,668 $23,121 $23,583 $24,055 Dining Beverage$1,000 $1,102 $1,124 $1,146 $1,169 $1,192 $1,216 $1,240 $1,265 $1,290 $1,316 $1,340 Bar Beverage$2,306 $2,352 $2,399 $2,447 $2,496 $2,546 $2,597 $2,649 $2,702 $2,756 $2,811 $2,867 Total Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Food$5,705 $5,990 $6,290 $6,604 $6,934 $7,281 $7,645 $8,027 $8,428 $8,849 $9,291 $9,756 Dining Beverage$102 $105 $108 $111 $114 $117 $121 $125 $129 $133 $136 $139 Bar Beverage$602 $639 $664 $697 $732 $769 $807 $847 $889 $933 $980 $1,029 Subtotal Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924  Table: Personnel Personnel Plan Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Owner/Manager$2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 Head Cook$1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 Asst. Cook$648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 $648 Head Waiter$1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 $1,015 Waiters$1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 $1,090 Bartenders$696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 $696 Dishwashers$522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 $522 Total People14 14 14 14 14 14 14 14 14 14 14 14 Total Payroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171  Table: Profit and Loss Pro Forma Profit and Loss Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Direct Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Costs of Sales$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Cost of Sales$6,409 $6,734 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Gross Margin$16,243 $16,453 $16,589 $16,712 $16,827 $16,932 $17,028 $17,114 $17,189 $17,252 $17,303 $17,338 Gross Margin %71.71% 70.96% 70.14% 69.28% 68.38% 67.46% 66.51% 65.54% 64.54% 63.50% 62.44% 61.35% ExpensesPayroll$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Market ing/Promotion$750 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 Depreciation$0 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 $1,095 Supplies$50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 Utilities$700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 Insurance$417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 $417 Maintenance$100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 Office Expense$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Payroll Taxes10% $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 $817 Phone/TV/Internet$150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 Propane$1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 Property Tax$209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 $209 Acct Legal $5,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Operating Expenses$17,514 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 $13,359 Profit Before Interest and Taxes($1,271)$3,094 $3,230 $3,353 $3,468 $3,573 $3,669 $3,755 $3,830 $3,893 $3,944 $3,979 EBITDA($1,271)$4,189 $4,325 $4,448 $4,563 $4,668 $4,764 $4,850 $4,925 $4,988 $5,039 $5,074  Interest Expense$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0  Taxes Incurred($381)$928 $969 $1,006 $1,040 $1,072 $1,101 $1,126 $1,149 $1,168 $1,183 $1,194 Net Profit($890)$2,166 $2,261 $2,347 $2,428 $2,501 $2,568 $2,628 $2,681 $2,725 $2,761 $2,785 Net Profit/Sales-3.93% 9.34% 9.56% 9.73% 9.87% 9.96% 10.03% 10.07% 10.07% 10.03% 9.96% 9.86% Table: Cash Flow Pro Forma Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Cash ReceivedCash from OperationsCash Sales$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Subtotal Cash from Operations$22,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Additional Cash ReceivedSales Tax, VAT, HST/GST Received0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Other Liabilities (interest-free)$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Investment Received$350,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Received$372,652 $23,187 $23,651 $24,124 $24,607 $25,099 $25,601 $26,113 $26,635 $27,167 $27,710 $28,262 Table: Cash Flow (Continued) Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Expenditures from OperationsCash Spending$8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 $8,171 Bill Payments$299 $8,830 $5,065 $6,547 $12,875 $13,296 $13,734 $14,188 $14,661 $15,152 $15,663 $16,194 Subtotal Spent on Operations$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Additional Cash SpentSales Tax, VAT, HST/GST Paid Out$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Principal Repayment of Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Long-term Liabilities Principal Repayment$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Other Current Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Long-term Assets$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Dividends$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Spent$8,470 $17,001 $13,236 $14,718 $21,046 $21,467 $21,905 $22,359 $22,832 $23,323 $23,834 $24,365 Net Cash Flow$364,182 $6,186 $10,415 $9,406 $3,561 $3,632 $3,696 $3,754 $3,803 $3,844 $3,876 $3,897 Cash Balance$364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Table: Balance Sheet Pro Forma Balance Sheet Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12AssetsStarting BalancesCurrent AssetsCash$0 $364,182 $370,368 $380,783 $390,189 $393,750 $397,382 $401,078 $404,832 $408,635 $412,479 $416,355 $420,252 Inventory$26,000 $19,591 $12,857 $7,062 $7,412 $7,780 $8,167 $8,573 $8,999 $9,446 $9,915 $10,407 $10,924 Other Current Assets$30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 $30,950 Total Current Assets$56,950 $414,723 $414,175 $418,795 $428,551 $432,480 $436,499 $440,601 $444,781 $449,031 $453,344 $457,712 $462,126 Long-term AssetsLong-term Assets$329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 $329,800 Accumulated Depreciati on$0 $0 $1,095 $2,190 $3,285 $4,380 $5,475 $6,570 $7,665 $8,760 $9,855 $10,950 $12,045 Total Long-term Assets$329,800 $329,800 $328,705 $327,610 $326,515 $325,420 $324,325 $323,230 $322,135 $321,040 $319,945 $318,850 $317,755 Total Assets$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Table: Balance Sheet (Continued) Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12Current LiabilitiesAccounts Payable$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Current Borrowing$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Current Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Current Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Long-term Liabilities$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Liabilities$0 $8,663 $4,854 $6,118 $12,432 $12,839 $13,262 $13,700 $14,156 $14,631 $15,123 $15,636 $16,170 Paid-in Capital$402,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 $752,050 Retained Earning s($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)($15,300)Earnings$0 ($890)$1,276 $3,537 $5,884 $8,311 $10,812 $13,381 $16,009 $18,690 $21,415 $24,176 $26,961 Total Capital$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711 Total Liabilities and Capital$386,750 $744,523 $742,880 $746,405 $755,066 $757,900 $760,824 $763,831 $766,916 $770,071 $773,289 $776,562 $779,881 Net Worth$386,750 $735,860 $738,026 $740,287 $742,634 $745,061 $747,562 $750,131 $752,759 $755,440 $758,165 $760,926 $763,711  INFORMATION AND FORMS ARE PROVIDED AS IS WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF 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This template form allows a business to outline the companys objectives and detail both current company information as well as any past performance. Companies should include a complete market analysis in their plan to help showcase why their business strategy will be effective in the market. Future company plans, including production targets, management strategy, and financial forecasting, should be used to demonstrate and confirm that the companys short-term and long-term objective can and will be met. This model plan can be customized to best fit the unique needs of any entrepreneur or owner that is seeking to create a strong business plan. Business Plan for Restaurant Bar and Grill This Business Plan for a Bar and Grill Restaurant allows entrepreneurs or business owners to create a comprehensive and professional business plan. This template form allows a business to outline the company?s objectives and detail both curren[pic][?]