Why Some Small Businesses Fail Essay -- Economics Business Management

Why Some Small Businesses Fail It is hard to measure the size of a business. According to The Department of Trade and Industry (DTI), an SME can be described as a business that employs between 0-49 people. However a company such as a Chemical Plant may employ less than 49 people but have a turnover of  £20 million. So according to the number of employees, the DTI would class it as a small business. However, according to the level of turnover it could be classed as a large business. The size of the firm is generally measured by the amount employed1. The amount of SME’s is forever increasing. There are many reasons for the increase, such as; improved technology, ability to sub-contract part of business and public sector being encouraged to become smaller. There is also Push and Pull factors that help people come to the decision to be self-employed. â€Å"Push factors† include people who are unemployed or made redundant decide to venture on their own. This may be simply starting their own window cleaning service. Another â€Å"push factor† is the â€Å"Pratt factor† this is when an employee finds himself working for someone else less talented and wonders ‘why am I working for you?’ so decides to start up on his own. The amount of SME’s is forever increasing. There are many reasons for the increase, such as; improved technology, ability to sub-contract part of business and public sector being encouraged to become smaller. There is also Push and Pull factors that help people come to the decision to be self-employed. â€Å"Push factors† include people who are unemployed or made redundant decide to venture on their own. This may be simply starting their own window cleaning service. Another â€Å"push factor† is the â€Å"Pratt factor† this is when an employee finds himself working for someone else less talented and wonders ‘why am I working for you?’ so decides to start up on his own. â€Å"Pull factors† include peoples increasing desires to exploit an opportunity, turning their hobby into a business, the motivation to work independently and when people become older they sometimes inherit money; they sometimes put this money into a business venture they perhaps previously couldn’t afford. The failure rate for small businesses is very high. The probability that your new business will make it past the third year is less than 25%. In other words, over three-... ...elves in a whole too deep to dig themselves out of. It was now too late for them to ask for advice and the shop closed down. My advice to my friend was to learn by his mistakes and try again. It is inevitable that small businesses will carry on failing. Sometimes the reason behind the failure cant be helped. However from reading this essay you should gather that the majority of the times, failure could have been prevented. In fact 82% of the time when businesses fail, the owners really could have done something differently to stop it from happening. REFERENCES 1 Business Studies by Dave Hall, Rob Jones, Carlo Raffo. Edited by Ian Chambers.(1996) 2 www.compulink.co.uk 3 www.bcentral.com 4 The Business Environment (second edition) by Ian Worthington and Chris Britton. Published 1997 by pitman publishings JOURNALS USED  ¹ Journal of Small Business and Enterprise Development, Vol 9, Issue 1.Learning the hard way: the lessons of owner-managers who have closed their businesses. By David Stokes and Robert Blackburn.  ² Journal of Management Development, Vol 13, Issue 7. Managerial Competences in Small Firms. By Graham Martin and Harry Staines.

Understand Procedures For Res

Also it would put my colleagues at risk of becoming ill so more staff would be off work and they in turn would be taking the illness back to their homes thereby spreading the bug even further. So by making sure hands are thoroughly washed after aiding each service user, wearing the appropriate aprons gloves mask etc I can help prevent spreading any by germs and bugs and by keeping good hygiene I will help keep myself healthy and if I was to become ill to make sure I did not go back to work until I was given the all clear by doing this I will help to keep the service users, work colleagues family and friends from catching any germs. . 3 Explain the most thorough method for hand washing. . Wet hands with hot water. . Apply enough soap and handsaws to cover all hands surfaces.. Rub hands palm alma. . Right palm or the other hand with interlaced fingers and vicar versa.. Palm to palm interlaced. . Backs of fingers to opposing palms with fingers interlocked.. Rotational rubbing of left th umb clasped in right palm and vice versa.. Rotational rubbing, backwards and forwards with clasped fingers of right hand in left palm and vice versa.. Rinse hands with warm water. . Dry thoroughly with towel. Duration of procedure at least 15 seconds. 4. Describe when to use different types of personal protective equipment. . Gloves= when aiding each service user to help prevent the spread of any germs.. Asks= To cover mouth and nose when dealing with the service user who may be ill or have a contagious bug, So I will not catch or help spread the bug.. Goggles= A shield against body fluids, blood, faces, urine. This helps to stop these fluids from getting injured or contaminated.. Aprons= When aiding a service user with washing or personal care, I will keep my clothes clean and I can dispose of apron afterwards so will stop any spread of infection..Shoe covers= If a service user has a contagious so my shoes will not spread any germs through the home. Outcome 5 know how to move and h andle equipment and other objects safely. . 1 Identify legislation that relates to moving and handling. Manual handling operations regulations (MOOR) 1992 amended 1998 Provision and use of work equipment regulations 1992 (POWER) Lifting operations and lifting equipment regulations 1998 (LOWER) 5. 2 List principles for safe moving and handling 1. Plan the move and prepare the environment. 2. Starting position. 3. Lifting effort. 4. Completing the move. Ensure that the object is light enough to lift, is stable and unlikely to shift or move.. Heavy or awkward loads should be moved using a handling aid.. Make sure the route s clear of obstructions. . Stand as close to the load as possible, and spread your feet to shoulder width.. Bend your knees and try and keep the backs natural upright posture.. Grasp the load firmly as close to the body as you can. . Use the legs to lift the load in a smooth motion as this offers more leverage reducing the strain on your back.. Carry the load close t o the body with elbows tucked into the body..Avoid twisting the body as much as possible by turning your feet to position yourself with the load. 5. 3 Explain why it is important for moving and handling tasks to be carried out allowing specialist training. By having the correct training I can lift safely and know how to use the correct equipment for the Job intended and know how and when to use it. By also attending the courses and training my employers are meeting the health and safety regulations to make myself and other staff safe and also the service user is safe during the transfer.If I had not been trained correctly and got injured through lack of training they could be accountable , also they would be putting the service user at risk if I did not know how to assist them correctly. So by having the erect training every body is safe and also we are meeting the policy and procedures of the home. Outcome 6 Understand the principles of assisting and moving an individual. 6. 1 Expl ain why it is important to have specialist training before assisting and moving individual. By having specialist training I can move or assist the service user safely.Also by having the correct training I can use the correct equipment safely needed to assist myself and the service user to be able to move, If I did not have specialist training I could not assist the service user safely and I would not know how o use the equipment correctly or safely. As I will be trained how to fit the equipment trained so I will know how to lift correctly so I will not injure myself, and I will not put the service user at risk. 6. 2 Explain the importance of following an individuals care plan and fully engaging with them when assisting and moving.By reading an individual ‘s care plan I will know the mobility and capabilities of the service user, also what equipment is needed to assist the service user. When I need to assist the service user by talking to the service user and engaging them in t he whole process hey will feel confident about the procedure and in control as the service user will be able to tell me if they are comfortable, and if they are ready to start the movement process, thereby the service user will stay calm and relaxed and in control making the whole process calm and easy for all involved. Outcome 7 know how to handle hazardous substances. . 1 Identify hazardous substances that may be found in the social care settings. 1 Urine 2 Blood 3 Vomit 4 faces 5 cleaning chemicals bleach, sprays, carpet cleaning chemicals. 6 medications 7. 2 Describe safe practices for: Storing hazardous substances= Cleaning chemicals are to be kept in a locked cupboard. Medication can be harmful so these are kept in a medicine cabinet with only authorized personal to have the keys, other medication that needs to be refrigerated will also only be accessed by relevant personnel. Make sure no chemicals are left out unattended if in use.Using hazardous substances= When using hazard ous substances like cleaning fluids, wear the appropriate equipment ‘e: gloves, masks, goggles,and aprons, this will help from getting splash back and stop chemicals getting clothes, skin or in the eyes, this will also apply when aiding a arrive user with their personal care so the career will not get contaminated by urine, vomit, faces, they will keep clean when aiding the service user in washing, dressing, or personal care, the career can on finishing take off the gloves and apron etc and dispose of them safely and therefore prevent any cross contamination or spreading of germs whilst keeping themselves clean. Disposing of hazardous substances; .Sharps- When using a needle make sure you have a sharps box so the needle can be disposed of safely and the nurse/career does not risk the chance of scratching or rocking themselves by carrying the needle around trying to find a sharps box. Make sure it is kept closed when not in use, also to make sure it is not over filled, and when it reaches the full limit that it is taken away and disposed of correctly.. Clinical waste- Pads or soiled clothes or soiled bed linen need to be disposed of safely to prevent cross contamination. Pads need to go into a yellow bag and disposed off in the clinical waste bin this is collected by a company that deals with clinical waste. Load or faces this can be put into a washing machine on a high temperature and after the wash the bag is disposed off safely thereby the soiled linen does not have to be touched by staff or contaminate the other laundry. .Medication- Medication that has been refused or no longer needed must be documented and disposed of in the correct manner ‘e: deposited in a container and sent back to the pharmacy to dispose of correctly. Outcome 8 know environmental safety procedures in the social care setting 8. 1 Outline procedures to be followed in the social care setting to prevent; . Fire= You can prevent fire by first identifying hazards and who could b e at risk. Evaluate them ND take action to reduce them. Record findings and actions and develop a plan.

Essay on Abraham Lincoln on Slavery - 2158 Words

Abraham Lincoln on Slavery Abraham Lincoln was born in 1809, in Hardin County, Kentucky (Abraham Lincoln Slavery and the Civil War, pg. 211, Johnson). Many Americans believe him to be one of the greatest presidents to ever serve in office. One thing that distinguished Lincoln from all the other former presidents was his distinct philosophy on slavery: that it is unfair and unjust to enslave another human being. Lincoln supported his opinion with a simple formula labeled the ‘Fragment on Slavery’ (Abraham Lincoln Slavery and the Civil War, pg. 20, Johnson), in which he described slavery as being easily applicable to anyone-not just blacks. By applying race or color, intellectual ability, or interest, Lincoln’s logic proved that if†¦show more content†¦It is also important to note that Lincoln also goes on to say; â€Å"...the Republicans inculcate, with whatever ability they can, that the Negro is a man; that his bondage is cruelly wrong and that the field of his oppression ought n ot be enlarged...† ( Abraham Lincoln Slavery and the Civil War, pg.29, Johnson). Lincoln therefore, clearly believes that blacks are men, which clearly shows that he was illustrating that slavery turns men into animals. Through Lincoln’s election to the presidency, Republicans firmly believed that slavery was wrong and that it needed to be abolished. However, Lincoln repeatedly insisted that; â€Å"...they did not intend to harm it where it already existed, only to prevent it from expanding...† (Abraham Lincoln Slavery and the Civil War. pg.39, Johnson). Lincoln also repeatedly expressed that he did not want blacks to be socially equal to whites although he still maintained that blacks deserve the same inalienable rights to, â€Å"...life, liberty, and the pursuit of happiness affirmed in the Declaration of Independence† (Abraham Lincoln Slavery and the Civil War, pg.39, Johnson). Lincoln also stated in the Douglas debate, â€Å" ...I have not, norShow M oreRelatedAbraham Lincoln Views on Slavery1608 Words   |  7 PagesAbraham Lincoln; Indecisively Decisive Michelle Futo AMH 2010-02 November 19, 2012 Former President Abraham Lincoln is accredited for creating the Emancipation Proclamation and ending slavery in the United States. Due to his actions before and during the Civil War, it seems as though Lincoln always viewed slavery as a terrible thing that must be stopped immediately. But that was not how he always felt. 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I believe I have no lawful right to do so, and I have no inclination to do so.quot;quot; (Pg 53-54) Lincoln did not want the SouthRead MorePresident Abraham Lincoln s Views On Slavery876 Words   |  4 Pagesseparated our country dramatically and on a course for certain changes. This is a time where the social norm of slavery being an idea in which nobody questions is starting to change. The fight over slavery begins between the north and the south. We also see seven states succeed from the union to show their position on the current government and to prove their views on slavery. President Abraham Lincoln assumes office as president in early March, and the Civil War begins just over a month later in 1861. BecomingRead MoreAbraham Lincoln, Slavery and the American Civil War Essay1716 Words   |  7 Pagesinvestigation will analyze how Abraham Lincolns view on slavery reflected during and after the American Civil War from 1861 to 1865. 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No matter what color or race you are, you have the right toRead MoreEssay about Abraham Lincoln and Slavery during the Civil War2075 Words   |  9 Pages Abraham Lincoln once said, â€Å"I claim not to have controlled events, but confess plainly that events have controlled me† (â€Å"Letter to Albert G. Hodges† 281 as qtd. in R.J. Norton 1). In accordance with his quote, when President Lincoln issued the unprecedented Emancipation Proclamation on January 1, 1863, Lincoln freed slaves in the Southern states, but he and his actions were being controlled by Civil War. The Civil War was fought between 1861 and 1865 between the Northern states, or the Union, andRead MoreOne Man Making a Difference: Abraham Lincoln and Slavery Essays476 Words   |  2 Pagesp eople can agree on the fact that president Abraham Lincoln, the 16th president of the United States is considered to be one of the most outstanding citizens. He is known for his presidency which he fought the confederacy during the civil war where he managed to abolish slavery. Which all happened with the help of the Republican party, whom were chosen because he felt like he wanted to make a point and would need the help of a strong party to do so. Lincoln was a man of not only right doings but ofRead MoreEssay on Abraham Lincoln - the Greatest President1069 Words   |  5 PagesAbraham Lincoln There have been forty four U.S. presidents over the past two hundred and twenty years. What president has served the best for our country? None other than Abraham Lincoln. Abraham Lincoln is the greatest president ever because he did great things such as ending slavery, getting the us through the Civil War, and helped our country a lot. The American Civil War was a war between the Southern states and the Confederate states. Abraham Lincoln was not very prepared for the war militarily