企业管理essay代写 A framework for collaboration.

Partnerships: A framework for collaboration.

企业管理essay代写 The entrepreneur is in many ways like an investment manager who chooses to pursue selected opportunities and not others.

Introduction  企业管理essay代写

The proposal received from a friend in the alumni gathering is as follows:

He would like us to start a business together as partners. The proposal consists of starting a consulting firm.  Where consultations regarding engineering related activities will be provided to the clients. It is expected to yield $100,000/- per month, which will be shared equally by the two companions, making it $50,000/- per month for each partner. All other expenses, such as travelling and diem expenses will be taken care of by the client.

On the other hand, the main thing to consider is whether or not to continue pursuing my career with my current job, or to leave it all behind, and change it up as pace by opting for the consultation services business venture as proposed by my friend. Currently, the take home salary for my current job is $125,000/- per year along with multiple perks, and benefits.  Such as medical insurance/ health care, and a guaranteed retirement plan, which saves $50,000/- per year for me.  企业管理essay代写

Whereas, the proposal offers, $50,000/- per month, making it $600,000/- per year, which seems far more attractive as the current salary package that I am receiving. Additionally, not only would it help me step out of my boring routine.  But it will also allow me to be my own boss, thereby, ensuring that we are able to come up with new and innovative ideas that are part of our consultation services.

Additionally, things are not as attractive at my current workplace as budget constraints are increasing with each passing day.  And the days are becoming even more monotonous. However, before deciding whether or not I should go ahead with this decision, there are a couple of things that I need to consider.

Partnership

A partnership is “a collaborative relationship between entities to work toward shared objectives through a mutually agreed division of labor. (Partnerships: Frameworks for Working Together.)

One of the major reasons why people chose to form partnerships and begin their own businesses is that there is an added value in working with other people with connections, such as a good social network. If the partnership is with another organization, then there is an even greater benefit, as the participants, and members of that partnership get exposed to latest technical expertise and developments, gain greater knowledge.  And the experience helps them in making better managerial decisions.  企业管理essay代写

Where consultation services are concerned, partnerships are even more beneficial, since both partners can have different expertise which can be utilized to make the business successful. For example, if I form this partnership with my friend, while I have engineering expertise, my friend is well versed in marketing and client services management, thereby, making this venture mutually beneficial.  And complimenting for both parties.

Having experience of different fields, the two parties will also be aware of which talented resources to hire to get the business started.

Following are some of the benefits of partnerships:  企业管理essay代写

1. An Equal Sharing of Profit and Loss

When starting a partnership, the owners are equal partners in everything, whether it is sharing profits and losses, or whether it is developing new ideas and seeing them through to implementation.

2. A Joined Ownership of the venture

Another major benefit is that both partners are equally responsible for the smooth running of the business, and are liable for any acts conducted through it.

3. Equal Right in the management of business

When deciding how to manage the business.  It is up to the partners to decide, whether or not they both want to be active partners, or whether one would like to be dormant, while the other remains active. However, it is entirely up to the discretion of the partners. Usually in a scenario like this, where the two partners are willing to start their own consultation services. Both of the partners are likely to remain active.

Feasibility of the Plan

In order to consider feasibility of the plan.  The first element that needs to be considered is whether or not the business is likely to be profitable. While the venture is laid out in such a manner that the monthly revenue is expected to be $100,000/-, it also depends on the frequency of the work that will be coming in. Additionally, as it stands, the consultation partnership will be for one year after which it will either be dissolved or, it will be extended, depending on the two parties. In order to ascertain the future of the partnership, one needs to determine what would happen after one year.  企业管理essay代写

The pursuit of important opportunities and big goals by entrepreneurs requires them to assume more risks than they might take on working for a mature company or the government. (Technology Ventures: From Idea to Enterprise). In this scenario is that there is a huge risk of the partnership not working out within that one year.  And then what happens once the partnership dissolves after a year? Will I go back to working for somebody else, at a firm that is again facing budget constraints. Or will I start my own business.  It all depends on the profitability of the business.

The entrepreneur is in many ways like an investment manager who chooses to pursue selected opportunities and not others. When we analyze risk, we look forward in time and try to estimate the potential outcome and the variability of that outcome. Risk is a measure of the potential variability of outcomes that will be experienced in the future. (Technology Ventures: From Idea to Enterprise)

These risks need to be considered before deciding to go ahead with the partnership.  企业管理essay代写

Additionally, the financial feasibility also needs to be taken into account. As stated previously, the guarantee that the clientele would increase enough for us to meet the expense requirements, along with the startup costs is something that needs to be considered. If it is a two man team that will be managing all the day to day activities of the business.  Then the costs will be considerably lower.  Than if we were to initiate the business with a bigger team.

Based on all of the aforementioned points mentioned here, I think that while the opportunity is quite attractive, a second meeting needs to be held with my friend, so that we can discuss the idea in further detail. A couple of things that need to be discussed are who the clients will be, how will the partnership work.  How can the future be secured, what will we do after the year is over.  What is the likelihood of extending the partnership after a year. And how will we secure the finances for the set up, along with deciding the fee for consultation.

Conclusion

To conclude, I would again like to state that my friend, who also happens to be an alumni of the same institute.  Has offered me a partnership opportunity in which we begin consultation services. The opportunity seems too good to be ignored. And the resulting profit is far more promising as compared to my current job, and the perks/ benefits it offers.  企业管理essay代写

Overall, the opportunity is good and I think that it should be considered after having a couple of queries cleared for which I will have to discuss the plan in detail. This will help me come up with clearer answers of how the partnership will work, in turn allowing me to understand and determine the feasibility of the offer.

In order for me to come to a decision, it is critical to come to an understanding with the friend who has offered me the opportunity. Another thing that needs to be understood is whether or not we are compatible to work as partners.  Aas neither one of the parties would want the partnership to dissolve mid way. Hence, there are multiple factors to consider.  Such as financial feasibility, time, future, along with whether or not the temperaments of the two parties match enough to make it work.

All, in all, I do believe that it is a good opportunity that needs to be looked into in detail.  In order to determine whether it will truly yield high profits for both parties in future.

References  企业管理essay代写

Jux Law, Advantages and Disadvantages of Different Business Entities, retrieved 8-10-17 from,

https://jux.law/advantages-and-disadvantages-of-business-entities-mn-business-lawyer/

Partnership Form of Organization, retrieved 8-10-17 from,

http://www2.sunysuffolk.edu/rosesr/acc102/lecture/12.1.partnershipformorganization.pdf

Partnerships: Frameworks for Working Together, retrieved 8-10-17 from,

http://www.strengtheningnonprofits.org/resources/guidebooks/Partnerships.pdf

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