An Analysis Of Internet Businesses

An Analysis Of Internet Businesses The reason for writing this essay is to discuss The Advantages and Disadvantages of conducting business on the Internet in the Twenty First Century. In the Twenty First century the advantages and the disadvantages of the use of the Internet is tremendous worldwide. There is enormous benefit to achieve when conducting a business on the Internet. You may ask why I should invest on the Internet. It is to your advantage to invest wisely. It allows access 24/7 and 365 days a year, therefore, no need to hire office helpers for shift or normal working hours, people will visitors your website since there are computers with Internet access, which they can use to gain access the website at anytime anywhere. On the other while there are advantages on the Internet for business to do well, there can also be some inauspicious situation or circumstances. No physical contact, such as no eye contact, no face to face communication, products sometime, ordered might be damaged or loss, during delivered, no way of knowing until it is received, as a result loss of time and productivity. Chaotic Most people who organize, operate, and assume a business venture on the Internet know it can be chaotic and disappointing sometime. Nonetheless, with sufficient communication most businesses can gain much benefit from advertising on the Internet and minimize the disadvantage risk that comes along with it. On the other hand, it may prove to have the buying or selling power that produces a relatively constructive position. Services Many services are now provided on the internet such as banking online, I have not gone into the bank for a while, Ive done all my banking online such as paying my college fees. When I am travelling I purchased all my tickets online that usually cost less than if I purchased it off-line. I am using the internet for just about everything it is a great tool. Nevertheless as Buchannan writes one of the advantages it is easy to set up and lead users from one place to the next in a logical manner. The disadvantage is that data is relatively easy to tap into and possible changed.  [1]   Low Cost Internet communication provides the advantage of lower estimate and storing costs, comparing to printing posters, making a radio or television broadcasting or, supporting a media center. It allows good deal consideration for entering new buying or selling. Internet information is ageless the advertisement also make available the advantage of being lasting.  [2]   It allows volunteered playing an important part to examine carefully the goods and the services and leave notes for others to use. It is cost effective; compare the costs of sending out physical mailing to 25,000 addresses, with the costs of an e-mailing to 250.000 e-mail addresses. Reproduction at zero cost Whether 1,000 visitors come to your site or 25,000, the increased cost is marginal.  [3]   Blogging In all likelihood, we have heard about, blogging one might want to know what is it? What helpful or useful benefits will my business derive from it? A blog is an abbreviation for web log and they are web notes containing up-to-date information on hot issues among the Internet community what. It is also an important Search Engine Marketing tool as it is increasingly used to promote online businesses. Having a blog helps your website get better rankings in the search engines.  [4]   When you want to design a blog it is important to set a clear goal with a reasonable purpose in mind. Select a theme that will be beneficial to your website in the long run, and to the people who visit your website. Provide current, relevant and essential topics. Ask for the reason, cause, or purpose? Ask yourself why blogging would be of help to my business on the Internet. Because it offers excellent search engine tools that can make the search engines, perform at a greater speed, and make the website communicate to your all customers and other business. In fact other bloggers will transmit customers to your sit without cost; it gives your site a good chance for success. June 2005, eBay It is known that the Internet attract more shoppers for goods and services, June 2005, eBay, the Worlds online marketplace, occupied the 5th position in the USA top 10 parent companies with a unique audience of 39,468.000 (Nielsen/Net Ratings) The e-learning sector will grow from $10.3 billion in 2002 to $83.1 billion in 2006, and eventually swelling to over $212 billion by 2011 (Consultant Brandon-Hall) E-commerce transactions in 2005 will reach $168 billion and $316 billion in 2010. These estimates include travel, which is typically the biggest e-commerce sales driver. Excluding travel, e-commerce is expected to grow 14 percent in 2005 (Forrester Research) The online travel industry will double its revenues in the next three years, from $38 billion in 2004 to more than $80 billion in 2007 eMarketer.  [5]   The Internet is now known as low cost and most adequate sales tool around, because of link to the Internet, compare to other business. You have a chance to grow your business successful on the Internet with the right type of Internet promoting fundamentals symbol of principles promotion and decent activities According to Real Time Statistics for Measuring Success of Promotion Campaign the most important advantages of Internet advertisement is that its successful and can be seen.  [6]  Buyers, and sellers use program that give immediate results. Some promotion, give visitors the ability to determine the significant of an advertise product. Which allow the customer to evaluate what is good for them and, also allow time for them to make changes of what they buy and how they it. Steve Here is a man by the name of Steve proclaiming in his own words that working from home via the Internet he received unexpected benefit Steve is a 47-year-old father with two boys, Thomas 16 Jack 12. Ive always been the main breadwinner in our household and a little while ago, received notice that the factory for which I managed Health Safety was to close. As our children were both at critical stages of their education we decided to stay in the area and look for work locally. Id always wanted to work for myself and luckily came across the Community Times business. After attending a seminar at their HQ. I quickly realized that the business would not only suit me but would also have benefits to the whole family. I get to work from home, spend more time with my family, watch my boys play football and earn more than ever whilst being in full control of my familys destiny.  [7]   It has being proven there are disadvantages of managing a business on the Internet. Challenge in verifying authenticity records, advertising on the web, challenge for the business and costumers to perform a complete analysis to determine the genuineness of a transactions. As a result most small businesses are open to attack by larceny, with stolen credit cards and stolen information to do online transaction. With Internet credit card and identity fraud on the rise, small businesses are forced to finance costly security measures to reduce their vulnerability to fraudulent transactions.  [8]   Other unfavorable condition isolation no physical contact with buyers therefore more sales opportunity is lost. Enterprise is forced to choose advertising method in order to lure back customers to the website. Nevertheless, the advantages surpass the disadvantages. With sufficient understanding, enterprise can gain to profit from Internet advertisement, particularly those owners small business. Conclusion The Internet is a very effective. It has many advantages; on the other hand, it also has its disadvantages too.

Describe Two Opposite People

Describe two opposite people In the small community of Culmersville there are only two adults that I could spend time with and never be bored. One of which was a kind lady by the name of Ms. Kelly and the other was the funniest man in the world by the name of Mr. King. Ms. Kelly is a kind person. She always teaches me to help those people who are in need and she also never got tired of helping others. For example, one of my friend’s family financial situation wasn’t so good and therefore Ms. Kelly buys him breakfast almost every morning. She hopes that he will not feel hungry during the school time and knows it can help him to concentrate in his studies. Ms. Kelly is also a sympathetic lady. Although she was not high-educated, she always teaches her kids and me to help other people. During weekends she would visit the Children’s Hostel and help the workers to teach and feed the children. She also always invites me and my family to be a volunteer and join her to do social works. On the other hand Mr. King was the complete opposite. He was an electrician and one of the most selfish people I knew. Mr. King would have two bottles of water and would rather throw a bottle of water in the garbage or put it in his car before he would give it to you. But yet I found Mr. King to be a funny man and spent lots of time with him playing dominoes. I had the best relationship with Mr. King in Culmersville. This probably was because I never asked him for anything. But Ms. Kelly and Mr. King was the worst of friends. I would call them enemies. All of this started when Ms. Kelly asked Mr. King to donate some of his funds to the Children’s Hostel. Mr. King could have told her a simple ‘no’ but he loudly told Ms. King, ‘if you don’t get off my property talking foolishness about donating money I would throw you off myself’. This was where the commotion started. Ms. Kelly then asked, ‘Do you call homeless children foolishness? ’ Mr. King then said, ‘The children aren’t the foolishness. You are. ‘Mr. King then slammed the door in Ms. Kelly’s face like she was coming to rob his house. Ever since this day every time Ms. Kelly sees Mr. King she would start pointing fingers at him telling people he hate homeless children and unfortunate people. These are the two people that thought me that people with opposite personalities would never be able to be together. But, although Ms. Kelly and Mr. King are two completely opposite people I enjoy being with either of them.

Principles of Accounting Essay

This paper seeks to examine at least four accounting regulatory bodies, and discuss how an organization complies with the standards of the regulatory bodies. The four regulatory bodies to be discussed are the Financial Accounting Standards Board (FASB), Government Accounting Standards Board (GASB), the US Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board PCAOB. Both standard boards FASB and GASB aim to the make the financial statements understandable, relevant and useful to users of financials statements by prescribing the generally accepted accounting principles (GAAP) to be used as guides in the preparation of financial statements (Business Editors, 2002). They however differ on entities covered. While GASB issues GAAP to local and state governments, FASB prescribes GAAP to the private and public entities. Since the primary objective of the government entities is service rather than profit, GAAP for local and state governments deals on fiscal and operational accountability. On the other hand, since the primary objective of private and public entities is profit, GAAP under FASB focuses on fair presentation of the financial statements. The differences in the functions of the two are evident in the kind of users. The users of FASB standards are private and public companies are stockholders, investors, creditors, labor unions, taxing authorities and the customers while the users of GASB standards are normally legislators, oversight bodies, investors, creditors and the general public. Strayhorn, 2003) The entities covered also differ in auditors. Those under the GASB jurisdiction are subject to audit by government auditors while those under FASB are subject to audit by certified public accountants or independent auditors As to how organizations comply with the standards prescribed by the two bodies is just to the two bodies to have a clean or unqualified opinion by auditors who will conduct and audit of the financial statements of the companies. If the audit opinions are not unqualified for clean, there is a good sign of non-compliance with GAAP. The US SEC is also in sense an accounting regulatory bodies since it will make it sure that public companies covered by the GAAP will have to comply with the requirements other these companies risk the penalties that the SEC may impose in accordance with its authority a regulator body under the law. Since the companies may suffer the consequence for non-compliance with the GAAP, these companies are encouraged if not forced to comply with the standards set by the FASB as enforced by SEC. By the passage of Sarbanes-Oxley Law of 2002, the Public Company Accounting Oversight Board (PCAOB) was created for the purpose of overseeing the audits of public companies and their auditors. The office in a sense helps in the implementation of the purpose of Sarbanes-Oxley law in increasing independence requirement of auditors, in the forms of more strict professional and ethical standards for auditors, directors and offices via the use of more disclosure requirements (Giles, J. et. al, 2008). In short the PCAOB is believed to improve quality and transparency of financial reports issued by companies. Thus, PCAOB is also considered an accounting regulatory body since strengthening the audit requirements necessary forces compliance with the accounting standards set by the FASB.

Ethics in the Novel Ishmael by David Quinn Free Essay Example, 1500 words

Ishmael teaching techniques is one which serves to replace human beings perception of the world from a taker perspective to a leaver culture. The taker perspective destroys the world with giving no consideration to the benefits it affords mankind and other beings, whereas the leaver approach encourages a culture of saving the world through people s actions such as ensuring that the environment is conserved. Human beings have the freedom to rule over the world which also entails other beings such as wildlife. The exercise of freedom by human beings ensures that they undertake ventures that either save or destroy the world. Freedom is a standard that affords human beings the ability to perform activities which are destructive to the world they live in According to Ishmael, there is no one right way to live, however, our way of life has far-reaching effects on the way other beings live and how both humans and other beings will live in the future (Ishmael, p.26). Freedom comes with mora l obligations, which have to be fulfilled for sustainable living and protection of the world. We will write a custom essay sample on Ethics in the Novel Ishmael by David Quinn or any topic specifically for you Only $17.96 $11.86/page Human beings have a moral obligation to maintain the freedom and integrity of other species for as Ishmael explains, five severed hands cannot make a hand thus gorillas and other animals cannot help in protecting and maintaining the world s glory while in captivity.