Background
The type of business that we are doing is organizing and managing a shopping mall. We play the roles of investors and owners of the shopping mall. The name of our company is 4.0 Holdings and we name our shopping mall Holland 4.0. We are a group of passionate people who are inspired by successful entrepreneurs to purchase a land to invest in a shopping mall. We want to innovate and create a new shopping experience for people who visit our shopping mall. Since Singapore is encouraging young entrepreneurs, the government supports us as we will be able to boost the economic growth. Not forgetting that shopping malls are highly profitable and very economically stable in a long run.
One of the successful entrepreneurs who inspired us
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Our organisation will have to be constantly expanding and doing well with positive economic growth in order to deal with the ever rising increment of price level in the economy. The success of any business is dependent on its ability to continuously earn profits. Earning profits is important to every business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and further expand to continuously grow its business. Therefore a yearly target of 10% increase in net profit can be achieved by raising the rent of the shops every year but then again this can only be done if the shopping mall is well visited and reputable. When shopping malls are well visited and reputable, tenants will earn more profit through the sale of items or the providing of services. Once the raising rental issue is raised to them they would not mind the increase as they are coping well with the profit gain through the help of the shopping …show more content…
As the head of the finance department, he must be responsible for preparing and reviewing the financial statement inclusive of the annual revenue and expenses incurred. Reporting to the general manager, normally with an external auditor engaged for assurance purposes towards the shareholders and investors fulfilling the spokesperson and negotiator role in the financial department. When their cash meets beyond day to day expenses, he is responsible for advising and sourcing financial aid from banks. Hence, he must establish good relation with professionals from the banking sectors, which fulfils the liaison role. When the organisation is ready to expand their company, he will be in charge of preparing documents required for these presentations and may work with outside consultant to evaluate the company. The financial department has to measure and report regularly on key numbers critical to the success of the organisation. The head of the financial department will then use these information to propose suggestions to the top managers in deciding whether any actions. This fulfilled the monitor and spokesperson role. To stay forward looking, the finance department will have to work with managers in the preparation of organisation budgets and forecast which fulfil the resource allocator role. As the head of the financial department,
Oversees all internal financial and administrative operations through the Manager of Athletic Business and Ticket Operations; promulgates budget guidelines and approves final submission for each area; monitors conformance to established budget.
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
* Assist Chief of Finance in reviewing the care line obligations and salary expenses each pay period.
The Great Success of Out of Town Shopping Centres Out of town shopping centres such as Meadowhall are very recent creations and did not exist 20 years ago. These shopping centres are usually built near main roads such as motorways as they are easy to access. Shopping centres such as Meadowhall are either built on Greenfield (building on farmland) or Brownfield (building on derelict industrial land) sites as the land is cheap and there is plenty of space for future expansion and car parking. As the land is cheap it allows individual shops to use large areas of floor space.
The stereotypical image correlated to the account mirrors that of a public accountant. An individual working as a public accountant can expect to work as an independent third party to a multitude of companies. As this third party it is their duty to oversee financial transactions to ensure that the statements of not only the company, but also its’ supporting companies, correctly correspond and match up to the position, results and cash-flow of the clientele. This general quota outlining a public accountants job description is not the same for a private accountant. The main difference between a public and private accountant is that unlike the public and its handle on a multitude of accounts, a private accountant specializes with a certain company or field. With this specialization, a private accountant tackles setting up a system that records the transactions within the business. The recordation of the transactions is then generated into statem...
Whenever we go out shopping or relaxing at malls, we actually don’t see or recognize any effects of malls as we mostly go there for these two reasons. Malls are an integral part in the lives of America. They are shopping centers that have created a lot of buzz in many writers. This is because we have more malls in America than high schools. Malls have received praises from people like James J. Farrell, Jon Pahl and George Lewis who view malls as not only shopping centers but also as places that provide a reflection of the American culture and serve as centers of pleasure and entertainment. In contrast, William Kowinski and David Gutterson criticize malls for just being an artificial environment that creates disorientation among American shoppers. In my opinion, malls are just magnificent commercial buildings that create a sense of false dreams and imagination.
The directors need to be able to view the financial performance of the group in order to make relevant and informed decisions. In order to obtain this information the correct procedures, as mentioned, must be followed to ensure that assets are not overstated and liabilities
Goss argues that developers and designers of the built environment, specifically shopping centers and malls, use the power of place and understanding the structural layout of the space to boost consumption of the retail profits. Shopping centers are separated from the downtown area of shopping either by distance and/or design. These establishments emerge for many to be the new heart and location for public and social life. In his article The "Magic of the Mall": An Analysis of Form, Function, and Meaning in the Contemporary Retail Built Environment, Goss also argues that the regulation of the spaces within the mall creates an atmosphere of "community" rather than one that is "public".
...act, Langham Place is not alone. There are more and more shopping mall operates their business in the same manner as Langham Place. Though these shopping centres tried to make breakthrough using different methods, it seems that impressions of these shopping malls are blurred in eyes of public. Since these shopping malls are usually invested by large-scaled enterprises with great powers, merchants without resources to apply different tactics like these large-scaled shopping mall, will one day be eliminated. Those survivors will become copies of one another. As Shoppers' Paradise famous for selling products with different characteristics, if similar shopping malls are seen everywhere and merchants with distinguishing feature disappears, Hong Kong will soon lose its competitiveness among tourists. Resent among society may also arise and raise different social problems.
Shopping malls didn't just happen. They are not the result of wise planners deciding that suburban people, having no social life and stimulation, needed a place to go (Bombeck, 1985). The mall was originally conceived of as a community center where people would converge for shopping, cultural activity, and social interaction (Gruen & Smith, 2005). It is safe to say that the mall has achieved and surpassed those early expectations. Unfortunately, in today's consumer culture, the mall is the center of the universe and and this has shaped consumers in a negative way.
It should be pres... ... middle of paper ... ... o monitor the health of the company and also to make the right choices. They are the most important users of financial information as without this group using the information properly the company could cease to survive. Bibliography Biz/ed 2004, Accounting [Online], available http://www.bized.ac.uk Duncan Williams 2004, User of Financial Statements, [online], available http://www.duncanwill.co.uk Finance Demon 2004, User of Financial Information, [online], available http://www.financedemon.co.uk Financial Reporting Council 2004, About the FRC [online], available http://www.asb.org.uk Hacker Young Chartered Accountants 2004, Accounts Explained [online], available http://www.account-explained.co.uk Joe Corbett 2004, Class Notes, Borders College, Galashiels
Janus Corporate Solutions. (2011) Introduction to Singapore’s economy. Guide me Singapore. Retrieved April 4, 2011 from http://www.guidemesingapore.com/relocation/introduction/singapores-economy
If I were to start my own business, my dream would be to build a surf and skate shop on the Southern California coast. My business would be located on beachfront property in the surrounding area. This business plan will cover two main subjects, 1: an Analysis of the Business Situation, and 2: the Planned Operation of the proposed business. The first topic will cover the subtopics Trading Area Analysis and Competition in the area for my business. The second main topic will cover the proposed organization of the business, the proposed business, and proposed strategies for that business. The analysis of the business situation will cover geographic and demographic information for Huntington and the surrounding area. It will also contain an analysis of businesses in the area which are of similar type, customer buying behavior relating to my proposed business, and the potential location of my business. The Proposed Operation section will address the topics of ownership, start-up procedure, personnel needs, special functions, and an organizational chart. Details of products which will be sold will also be included, as will my business' pricing policy. I would hope that through my thorough planning and explanation that my business idea will be a grand success on the beautiful beaches of California.
There are a number of reasons why people shop at malls. For one thing, people malls extremely convenient. In addition malls provide shoppers with a great variety of stores and shopping opportunities. Finally, and perhaps most importantly, malls are great places for entertainment.
Shopping malls have become meeting places, similar to town halls in the old west. Malls are where people go to explore and experience everything retailers have to offer while indulging in their own personal sport of acquiring different products. The question of what malls bring to society has been questioned for years do they promote rapid consumerism or a life of luxury. Victor Gruen, the inventor of shopping malls, saw these centers as a source of community similar to his homeland in Europe. Most malls represent a safe and controlled nature of human development and leisure. In the following article, I will be discussing the security preventions that shopping malls of today provide. I will also be discussing the enhancements in structures