Kim’s Writing Process Timeline Essay Example

Kim’s Writing Process Timeline Essay The web is a convenient asset to everybody, particularly the understudy who has a full instructive timetable and a bustling life outside of the scholarly arena.â It is additionally useful to proficient instructors and guardians of students.â However, alongside the entirety of the legitimate assets on the web there is an equivalent measure of invalid material.â The clients of the web should have the option to assess a site and decide the exactness of a site.â Kim’s Korner for Teacher Talk is a site that was created by teacher, Kim Steele and despite the fact that it expresses that it is for everybody all things considered, (Steele) the intended interest group is guardians, understudies, and other teachers.â Through this site, it will be clarified how a site ought to be assessed for its legitimacy. Kim’s Korner for Teacher Talk has a page that is the creative cycle and a timetable that she utilizes with her understudies to ensure that they are on task. She comprehends that â€Å"Writing is a procedure, not simply a product.† (OWL)  Her understudies aggregate focuses for each progression of the procedure and they have a time period wherein they should finish their work.â The goal for making the course of events is to keep her understudies centered and to ensure that composing isn't troublesome and overwhelming.â By partitioning the task into stages, an understudy will acknowledge rapidly if there is an issue with the point picked for the composing task. We will compose a custom exposition test on Kim’s Writing Process Timeline explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Kim’s Writing Process Timeline explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Kim’s Writing Process Timeline explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer The example course of events offers nine stages during the creative cycle. Understanding procedure encourages us perceive where an understudy essayist is in their procedure and offer assistance proper to that stage. (Trupe).â Kim states that the site is for all ages, however it is by all accounts intended for rudimentary understudies as a result of the illustrations that she uses.â With some tweaking, the course of events could be utilized for any instructive level.â The main thing one would need to do in the event that he/she were utilizing this with more established understudies is to expel the designs, and maybe utilizing word usage that is increasingly scholarly. The course of events that is planned by Kim is equipped to permit understudies to have a time span in which steps in the creative cycle are expected and when the last draft is due.â To numerous understudies this would be beneficial.â The understudy who tarries can clearly comprehend that he/she can't postpone the task until the night prior to the last draft is due.â It would likewise guarantee the instructor that the entirety of the means are utilized by the student.â Many occasions understudies will defer doing their task and they will hurry through it at the last minute.â This generally prompts low quality work.â If the educator utilizes the timetable, he/she will be guaranteed that this won't occur. Great composing propensities don't simply happen.â They should be rehearsed like a game or melodic instrument.â The more one practices, the better he/she becomes at the task.â If the educator utilizes this course of events for a significant stretch of time, the understudy will in the long run disguise the creative cycle so that in later on when the understudy is no longer in the class of the instructor utilizing it, he/she will naturally experience the means of the composing process.â This is a helpful device for the educator to share his/her own composing experiences.â He/She ought to have the option to talk about how he/she has profited by utilizing the composing process.â A kid accepts an educator has no life past the homeroom. An educator is the face in the front of the room, the individual who passes out assignments and issues grades. Where she originated from, or how she arrived, doesnt register. (Hallman) Another positive part of the course of events is that the instructor is associated with each step.â He/She ought to check the task at each due date which will ensure that the understudies are exact in what they are accomplishing for the assignment.â If there are issues, the educator can intercede at an early stage as opposed to getting the issue at the very end.â If a conversational tone is utilized with the understudy, at that point h/she won't feel compromised or scared. In what capacity would teachers be able to see composing evaluation as a discussion? To begin with, focus on what goes on in your psyche as you read understudies composing, and well-spoken those responses; give every understudy your experience of understanding her or his paper. As understudies react to your responses, you may find that your understanding and recommendations change. Be available to every authors purposes, encounters, and character, utilizing all that you think about that individual and yourself as a reader.â (Wilson) This would be baffling to an understudy who had invested a great deal of energy into a task that was not acceptable.â The understudy would then free focuses for the day by day assignments just as numerous focuses on the last draft.â That would prompt disappointment and dissatisfaction for the student.â However, the course of events would make the instructor aware of the issue while it was a little one rather than a colossal one. The timetable incorporates a two meetings to generate new ideas which is a positive viewpoint for the students.â The main meeting to generate new ideas would take into consideration the understudy to pick a topic.â Many occasions this is the hardest step.â Almost everybody has one after another or another gazed at a clear bit of paper or PC screen for quite a while in light of the fact that he/she is absolutely ignorant regarding which point to choose.â The principal meeting to generate new ideas would protect this didn't occur to the students.â The second meeting of conceptualizing would help the understudies in narrowing their topic.â There are ordinarily that understudies will pick a subject that is too broad.â When a theme is wide, it would take enough data to fill a book to cover it.â Instead, this second meeting to generate new ideas, with the assistance of realistic coordinators, would reduce the issue. When the principal draft is composed, there is an open door for changing for intelligibility, composing a subsequent draft, and altering for use and mechanics.â These means may appear tedious, yet over the long haul they are beneficial.â Students’ last drafts will be greatly improved if these means are followed.   Peer amendment for cognizance is utilized after the main draft is composed. The procedure of understudy self-evaluation through rubrics can be upgraded with peer appraisal and educator input, obviously. (Andrade).  This step permits another understudy to peruse the task for clarity.â Using peers for this assessment is in reality better than an instructor in light of the fact that the friend is the focused on crowd thusly, less biased.â The understudy would then be able to comprehend where there is no lucidity and he/she at that point changes the task by composing the second draft.â The paper at that point experiences peer altering to check for use and repairman issues with the paper.â This is done independently from the principal peer meeting so the understudy can focus on each region in turn thus that the author isn't overpowered with the quantity of mix-ups found on the paper.â The understudy ought to likewise utilize self-evaluation during the companion modification and altering steps.â Even however the companion is helpful in giving target analysis, the companion is additionally an understudy like the essayist. During self-evaluation, understudies ponder the nature of their work, judge how much it reflects expressly expressed objectives or measures, and reconsider. Self-appraisal is developmental †understudies survey works in progress to discover approaches to improve their exhibition. Self-assessment, conversely, is summative †it includes understudies giving themselves an evaluation (Andrade) Despite the fact that the creative cycle structured and utilized by Kim is advantageous for most understudies, there are some that it would block success.â While it would extraordinarily assist an understudy with an a lack of ability to concentrate consistently scatter on the grounds that the understudy would not be centered around one part of the creative cycle for quite a while, it could be overpowering to an understudy who has other learning disabilities.â When an understudy has a learning handicap in composed articulation sees the measure of time that he/she will be taking a shot at an errand that is an incapacity to him/her, at that point the understudy is probably going to surrender before he/she even beginnings the assignment.â It would likewise baffle that understudy to see that such a large number of focuses were distributed to a task that is as of now hard for him/her.â Embarrassment is another issue with regards to peer update and editing.â For an understudy with no learning inability, the possibility that his/her paper isn't absolutely loaded with botches isn't a problem.â However, the understudy with an issue in composed articulation would see peer correction and altering in an entirely unexpected light.â Not just would the shame disappoint the understudy, yet the time requirements could be a loathsome blow.â The main way that the creative cycle timetable could work with this understudy would be if the due dates were reconsidered for that understudy. After intently breaking down the site Kim’s Korner for Teacher Talk, the end is that the site is a positive one and the data introduced would be of extraordinary advantage for most teachers.â However, the understudies with learning incapacities in composed articulation ought to be taken into account.â If the instructor overlooks these understudies and doesn't make significant changes in accordance with the creative cycle course of events, these understudies will be destined for disappointment.

Does Media Ownership Need To Be Regulated Media Essay

Does Media Ownership Need To Be Regulated Media Essay In this task am planning to address three fundamental reasons the way how media proprietorship must be managed in computerized age. The two points are will centers around the European Union as far as media possession guideline, for example, to secure opportunity of articulation and the reasonable guideline of media and media proprietorship to guarantee high caliber, impartial communicates lastly, a worry to general society is the insurance of protection. Our lives, our regular decisions, our yearnings (objectives) our ceaselessly evolving qualities, are continually molded by the media in the entirety of its structures. For the last 40 to 50 years, we have seen TV rule, and here in the UK, we have gone from a virtual imposing business model to a circumstance where we approach boundless measure of TV channels. In the UK, and most nations, the presentation of guideline of media and media possession has been a necessity which is unavoidable. In a free society, one significant point is to guarantee that every medium configuration, radio, TV, papers, have loads of players inside the commercial center. A specific media advertise with loads of players, and not only a couple of significant players is supposed to be plural or in a condition of majority. Governments in free social orders expect to guarantee that guideline of media possession guarantees this majority. A few governments have such tough laws which imply that media proprietors think that its difficult to work in a free manner, so organizations are constrained as far as extension and developing in a characteristic manner. Governments need to mull over that rules of media proprietorship don't keep down organizations along these lines, and thus guideline must plan to adjust among majority, and permitting organizations to convey their medi a without an excessive number of laws that hinder free reasoning, inventiveness and quality. Current media guideline inside the UK created from guideline initially focused on printed structure. Most punctual guideline was insufficient and included papers just holding fast to specific laws and not encroaching those laws, for example, slander and so forth. As of late the paper business as its own implicit rules, and is supposed to act naturally directed. Some would see self-guideline as just in light of a legitimate concern for media proprietors, and not really in light of a legitimate concern for the general population and private existences of people inside the general population. Media is experiencing such a pace of progress, its been portrayed as a media upheaval, or advanced upset and were supposed to be in the data age. Change is so quick, and proceeding with that guideline is under strain to stay aware of these new arrangements. For example, as Doyle (2002:150) portray in her book; expansive band Internet advances realize the chance of regular TV, yet additionally intuitive TV, sitting close by your home PC organize. Expanding quantities of gadgets are currently ready to stream media into the home through these broadband suppliers, for example, link or DSL advancements. This change is around the world, influencing all nations somewhat, even the most unfortunate underdeveloped nations approach in spots to these advances, regardless of whether its a little more slow on the update than somewhere else. At the point when various media types can use a similar vehicle of transmission (The Internet), we know this sharing of the medium as intermingling. Joined Med ia is both incredible, however is a cerebral pain for controllers work-wide. As new types of media created after some time, for example, radio, TV, and all the more as of late the Internet, guideline has needed to create with it. At present guideline of these new types of media in the UK is completed by a body called Ofcom. In Ofcoms own words:- Ofcom is the correspondences controller. We control TV and radio, fixed line telecoms and mobiles, in addition to the wireless transmissions over which remote gadgets work. All types of media permit us as a general public to stir things up, moving the legislature to improve the situation for its residents, and battle against defilement. Laws permit governments to control the printed media effectively, however its not all that simple to blue pencil more up to date types of media, for example, the Internet. All through the world, its been anything but difficult to control conventional types of media which incorporate those referenced, TV, radio, magazines, papers books, however governments are confronted with the trouble in guideline new media which is currently universal, sites, Internet radio. By what method can one nation manage media proprietorship in different nations, in light of the fact that the Internet empowers anybody to get media made in different countries? While guaranteeing majority has been centered around printed media, to guarantee residents get a wide assortment of perspectives from media, the idea of the Internet itself is plural, in my view, more accentuation in future must be put on controlling media proprietorship on a worldwide scale, however this is a questionable view. As of late we have seen nations, for example, China put cover bans on their residents seeing an enormous number of locales on the Internet. These are draconian measures, yet shows what lengths a few nations may go to implement their own types of oversight. The European Union has an order which is a nation of inception rule for the arrangement of on-line administrations (data society administrations). This order guarantees that guideline of the Internet is authorized at the nation of source, and not the nation that general society may see the substance. This has evident challenges, on the grounds that lone certain universally concurred laws, for example, kid pornography are upheld all around. The issue emerges when one nation has diverse social qualities and social practices to another. For example one nation can have extremely open perspectives on grown-up sex entertainment to anothers, and their laws will be immeasurably unique in this regard. The EUs nation of source direct keeps the nation of goal from applying its own laws to the media suppliers nation of starting points media proprietor. Residential controllers can't make a difference their standards to another part states media proprietor (approaching administrations). Then again controllers should likewise apply their own standards to household media proprietors who flexibly media to residents of another part state (active administrations). It follows that on the off chance that guidelines acquired to guarantee media proprietorship is plural, at that point the yields of the media ought to in like manner additionally be plural by their very nature. For instance, we can utilize satellite TV: If a nation permits both local and universal TV communicates to be gotten by its residents, at that point this guarantees there are various perspectives, convictions and social qualities yielded; thus naturally this medium is plural. Stricter governments and systems imply that tight controls on media possession implies severe and more tight media yield. Returning to printed medias in the UK, for example, papers, laws or demonstrations of parliament, are utilized for control of media possession. The legislature utilized the Fair Trading Act 1973 to manage how possession and takeovers are led. Likewise the Broadcasting Act 1996 was utilized to direct cross-media proprietorship, and forestall the predominance of one organization over the range of media. The administration must be engaged with guaranteeing assorted variety in yield, through the control of proprietorship. I believe that its significant guarantee rivalry inside the market utilizing laws that control possession thusly, guaranteeing guideline for majority can be accomplished through control of proprietorship. A most dire outcome imaginable if whereby one organization, state Rupert Murdochs paper industry gets so solid that it can transform say news into a restraining infrastructure; this would imply that Murdoch would have the option to control who gets casted a ballot into government, what we by, marry just will in general go for specific brands. An imposing business model would imply that the open intrigue was not being served, and marry consistently be misguided in light of a legitimate concern for just that organization. In history we have seen where the control of all media structures can cause gore on a wide scale, as of late in Rwanda, Bosnia, and further back in the Second World War. So as to stop this occurrence once more, guarantee that media gives a reasonable, view, and guideline however business law through demonstrations of parliament will guarantee this is forestalled. The European Unions E-Commerce mandate appears to guarantee that on the European scale, the guideline of media possession guarantees a wide assortment of media types and extra globally concurred laws on security, information assurance, and youngster erotic entertainment for example can be used to ensure residents where neighborhood laws are not satisfactory in this regard. The European Court of Human Rights (ECHR) has additionally executed laws on media proprietorship, such Article Eight: Freedom of Expression. The intricacy of broadcasting laws all through the world can be seen inside the EU, as the EU keeps on finding better approaches for guaranteeing that cross-outskirt news sources are directed such that partaking countrys all have an influence in permitting opportunity inside a lot of rules that despite everything remains inside the open intrigue. These laws for cross-outskirt media types, for example, the Internet and satellite TV don't relate such a great amount to more established media types like papers and laws on media possession is left to singular part states to deal with. Its not all plain cruising inside Europe, in light of the fact that there has been solid resistance to laws that thwart Freedom of Speech and Freedom of the press. The European Union has thought of an EC mandate known as Television without Frontiers, which takes the consequence of the Convention on Trans-boondocks Television into current European Law on media proprietorship. So we have seen that the two points of the European Union as far as media proprietorship guideline are: To secure opportunity of articulation The reasonable guideline of media and media proprietorship to guarantee high caliber, fair communicates. The third point, which as of late has come to a greater degree a worry to people in general is the security of protection. Individuals ought to have some level of protection in their lives, and locally papers have been permitted to attack someones security on the premise that its in the open intrigue. Diverse membe

Platinum Facts on the Periodic Table of the Elements

Platinum Facts on the Periodic Table of the Elements Platinum is a progress metal that is exceptionally esteemed for gems and amalgams. Here are intriguing realities about this component. Platinum Basic Facts Nuclear Number: 78 Image: Pt Nuclear Weight: 195.08 Disclosure Its hard to allot credit for the revelation. Ulloa 1735 (in South America), Wood in 1741, Julius Scaliger in 1735 (Italy) all can make claims. Platinum was utilized in generally unadulterated structure by the pre-Columbian Indians. Electron Configuration: [Xe] 4f14 5d9 6s1 Word Origin: from the Spanish word platina, which means minimal silver Isotopes Six stable isotopes of platinum happen in nature (190, 192, 194, 195, 196, 198). Data on three extra radioisotopes is accessible (191, 193, 197). Properties Platinum has a dissolving purpose of 1772 Â °C, the breaking point of 3827/ - 100 Â °C, the particular gravity of 21.45 (20 Â °C), with a valence of 1, 2, 3, or 4. Platinum is a flexible and pliable shimmering white metal. It doesn't oxidize in air at any temperature, despite the fact that it is consumed by cyanides, incandescent light, sulfur, and acidic antacids. Platinum doesn't disintegrate in hydrochloric or nitric corrosive yet will break down when the two acids are blended to shape water regia. Employments Platinum is utilized in gems, wire, to make pots and vessels for research facility work, electrical contacts, thermocouples, for covering things that must be presented to high temperatures for extensive stretches of time or should oppose erosion, and in dentistry. Platinum-cobalt composites have intriguing attractive properties. Platinum ingests a lot of hydrogen at room temperature, yielding it at red warmth. The metal is frequently utilized as an impetus. The platinum wire will shine super hot in the fume of methanol, where it goes about as an impetus, changing over it to formaldehyde. Hydrogen and oxygen will detonate within the sight of platinum. Sources Platinum happens in local structure, for the most part with limited quantities of different metals having a place with a similar gathering (osmium, iridium, ruthenium, palladium, and rhodium). Another wellspring of the metal is sperrylite (PtAs2). Component Classification Progress Metal Platinum Physical Data Thickness (g/cc): 21.45 Softening Point (K): 2045 Breaking point (K): 4100 Appearance: substantial, delicate, gleaming white metal Nuclear Radius (pm): 139 Nuclear Volume (cc/mol): 9.10 Covalent Radius (pm): 130 Ionic Radius: 65 (4e) 80 (2e) Explicit Heat (20Â °C J/g mol): 0.133 Combination Heat (kJ/mol): 21.76 Vanishing Heat (kJ/mol): ~470 Debye Temperature (K): 230.00 Pauling Negativity Number: 2.28 First Ionizing Energy (kJ/mol): 868.1 Oxidation States: 4, 2, 0 Cross section Structure: Face-Centered Cubic Cross section Constant (Ã… ): 3.920 References Los Alamos National Laboratory (2001)Crescent Chemical Company (2001)Langes Handbook of Chemistry (1952)CRC Handbook of Chemistry Physics (eighteenth Ed.)

Theoretical Paradigms Essay Example for Free

Hypothetical Paradigms Essay Presentation  â â â â â â â â â â Theoretical standards permit sociologists to break down adequately for all intents and purposes any component of society.â It is a lot of basic presumptions that aides thinking and research.â Two among the three ideal models in human science that I need to thoroughly analyze as far as their qualities and shortcomings of their logical incentive for social imbalances are the Conflict Approach and Functionalism Approach. The Conflict Approach is a hypothetical structure dependent on the supposition that society is a perplexing framework described by disparity and struggle that produce social change. This methodology supplements the practical methodology by featuring not joining but rather social division.â This methodology quality is that it guides sociologists to research how factors, for example, social class, race, ethnicity, sex, and age are connected to inconsistent conveyance of cash, force, training, and social prestige.â â Therefore, as opposed to distinguishing how social structure advances the activity of society all in all, this methodology centers around how these examples advantage a few people while being destructive to other people.  â  â â â â â â â On the other hand, the functionalism Approach is a structure for building hypothesis dependent on the suspicion that society is an intricate framework whose parts cooperate to advance security. The utilitarian methodology quality is that, it makes two assertions.â The main holds that society is made out of social structures, which means generally stable examples of social behavior.â Social structures run from wide examples, including the family and strict frameworks, to vis-à-vis conduct like waving hello.â The second is that every social structure has a social capacity, or ramifications for the activity of society overall (Marx, 1984).  â  â â â â â â â Moreover, the functionalism approach has for some time been persuasive in sociology.â The positivist root in this methodology is the inclination to consider the to be world as steady and orderly.â The activity of sociologists, starting here of view, is to utilize logical research to figure out how society functions. Notwithstanding its solid impact on the control of human science, in any case, ongoing decades have uncovered the shortcomings of this approach.â By expecting that society works pretty much â€Å"naturally,† pundits bring up, the functionalism approach will in general ignore how social examples fluctuate structure all around and change over time.â Thus, the thought that a specific course of action is characteristic appears to be dangerous at best.â By concentrating consideration on cultural solidarity, pundits bring up, functionalism will in general neglect divisions dependent on social class, race, ethnicity, and sex, and to make light of how such division can produce pressure and struggle. Notwithstanding its shortcomings, functionalism accentuation on strength and will in general limit significant procedures of social change.â Further, by underscoring social reconciliation, the functionalism approach will in general give less consideration to divisions dependent on social class, race, ethnicity, and sex and to make light of how such divisions frequently produce strain and conflict.â Overall, at that point, this methodology takes a moderate position toward society. The contention approach, then again, has grown quickly in late decades.â Yet, similar to functionalism, it has various weaknesses.â One, this methodology features power battles, it focuses on social solidarity dependent on practical reliance and shared values.â Another, the contention approach advocates unequivocally political objectives in its drive for an increasingly populist society, consequently surrendering guarantee to logical objectivity.â Supporters of this methodology counter that every single social methodologies have political results, though various ones. An extra shortcoming, which applies similarly to both the functionalism and strife approach, is that they paint society with general terms, depicting our lives as a composite of â€Å"family,† â€Å"social class,† â€Å"gender,† â€Å"ethnic group,† â€Å"race,†, etc. Consequently, both functionalism and struggle approach share a full scale level direction, which means a worry with huge scope designs that portray society as a whole.â They take in the comprehensive view, as one may examine a city from the vantage purpose of a helicopter high over the ground, taking note of how parkways encourage traffic stream starting with one spot then onto the next or the striking differentiations among rich and poor neighborhoods. These methodologies limit their thoughtfulness regarding huge scope structures and procedures while ignoring the subtleties of regular day to day existence, (for example, the collaborations that happen in a specific bar on a specific day at a specific hour).â Macro-level direction takes different structures: the individuals who receive a contention approach see enormous scope social examples as far as how they force themselves on the conduct of individuals.â That is, they attempt to depict qualities of society all in all in manners that enlighten examples of connection among people. The individuals who receive a functionalism approach solicit how the huge scope designs from society in general add to the joining of society. Struggle sociologists find that the appropriation of individuals among position (or statuses) influences choices even as â€Å"personal† as the decision of a marriage partner.â Tepperman Curtis (2004) utilize two qualities of societyâ€heterogeneity and inequalityâ€to anticipate paces of intermarriage (that is, the recurrence of marriage including individuals from various racial, ethnic, or strict groups).â   Heterogeneity alludes to the degree of equality or separation inside a population:â heterogeneity is high if a populace is partitioned into a wide range of racial, ethnic, or strict gatherings; it is low if the greater part of the individuals are the equivalent in these regards. Imbalance alludes to the conveyance of esteemed assets, for example, riches or education.â In a general public with high disparity, such assets are amassed in the hands of the couple of, while the larger part has next to one side to isolate among themselves; disparity is lower when these assets are separated all the more uniformly among individuals in a society.â According to Tepperman Curtis, higher paces of heterogeneity and disparity urge individuals to connect with individuals not quite the same as themselves, and this communication thus expands the pace of intermarriage.  It follows that higher paces of heterogeneity and disparity for the most part advance instead of debilitate intergroup relations of all kinds.â The conduct is anticipated from the structure of the general public itself as opposed to from the convictions and mentalities of individuals.â The degree of incorporation of a general public is an outcome of the dissemination of individuals among social places (that is, of the measure of heterogeneity and imbalance). The functionalists take an alternate point of view for the huge scope mix of society.â These sociologists consider society to be made out of specific organizations: designed practices and status/job connections that satisfy fundamental cultural needs.â For instance, financial foundations are liable for preparing rare assets so as to deliver and circulate merchandise and ventures that individuals need.â Dissimilar establishments are held together in an arranged entire on the grounds that each is doled out the assignment of fulfilling a specific cultural need; each adds to the general utilitarian combination of the general public itself.â Without families, for instance, new age would not be associated to the predominant qualities and standards of the general public.  â â â â â â â â â â As an end, both the Conflict Approach and Functionalism Approach imagine society in theoretical terms, which now and then appear to be very far off from our regular experience. References Marx, K. (1984).â Selected Writings in Sociology and Social Philosophy. T. B.  â â â â â Bottomore, Trans.â  McGraw-Hill, New York. Tepperman, L. Curtis, J. (2004).â Sociology: A Canadian Perspective. Oxford  â â â â â University Press, Canada.

Financing Guide Definition, Tips And Best Practices

Financing Guide Definition, Tips And Best Practices In business circles, there are words or terms that are easily recognizable in the sense that, the moment they are spoken or raised in conversation, business people have instant recognition for them. Examples of such words are assets, liabilities, capital, equity, profits, losses, income, expenditures, loans, and net worth, to name a few.There is another word that can never be separated from business, even for those who are only just starting out. That is financing. © Shutterstock.com | SCOTTCHANIn this in-depth guide 1) we will provide an introduction to financing and why it is important for businesses, 2) we define internal and external financing as well as as the advantages and disadvantages of each, 3) we discuss raising debt including pros and cons, debt investors and their investment criteria, and the process of raising debt, 4) we discuss raising equity including pros and cons, typical equity investors and their investment criteria, and the process of raising equity, 5) we discuss other ways to finance your business, and  lastly 6) share some best-practices and tips related to financing.Wow! Weve got a lot to cover. So lets get started.AN INTRODUCTION TO FINANCING“Financing” basically refers to the act of providing funds for business operations, activities or projects. It often involves asking another individual or a financial institution to lend you money, or invest money in your business or enterprise, with the promise or commitme nt that their money will be repaid, or that they will get a corresponding amount of their investment returned to them at a future date. Examples of financial institutions that can be approached for funding are banks, financing companies, credit unions and cooperatives.Financing becomes an essential activity from the beginning. Entrepreneurs who have brilliant and promising business ideas will need to find sources of funds in order for them to bring their ideas to life. Sure, they may have their own money set aside to start the business, but more often than not, this money is not enough hence they will need assistance to finance the whole venture.However, it’s not only new businesses that require financing. Even established companies may also seek funding from various sources, such as when they have plans for expansion, or they plan on launching a new product line. Basically, any business activity that requires infusion of money calls for financing. With this in mind, financing is an activity that businesses can never separate from.Ordinary consumers, or those who are not engaged in commercial operations, may also turn to financing when they find themselves in need of additional money say, to purchase a piece of real estate, or a new car.Importance of FinancingFinance is considered to be the lifeblood of industry and commerce. Without it, businesses won’t thrive, industries will not flourish, and economies will flounder. That is also most likely the reason why financing is referred to as the “lifeblood of growth”.The purpose and importance of financing will depend on the reason why you are looking for funds. We will try to name some of the most common purposes.Financing helps budding entrepreneurs to start their own businesses. We have earlier mentioned how so many brilliant aspiring entrepreneurs are able to come up with great business ideas, if only they have the money to start the ball rolling. Every year, hundreds of thousands of businesses are star ted. Every year, hundreds of thousands of these businesses fail. One of the most common reasons for a business failing from the outset is lack of financing. The business owner or founder may not have been able to secure the amount of capital needed to start business operations.Financing helps existing business to operate and grow. Businesses that are already in operation will always seek for ways to grow and, in order to do that, they should be willing to spend money on it. Unfortunately, expanding operations â€" e.g. introducing new product lines, launching new marketing campaigns, entering other markets â€" requires money, which is why these businesses also need to have strong financing strategies in place.Financing helps a business become more competitive. How many times have you heard of businesses cowering away from competition with other, bigger, businesses for the simple reason that they do not have enough funding to go against them? With financing, these smaller businesses c an become more competitive until they can gain a solid footing in the industry and the market.Financing aids in economic growth. Through financing, small- to medium-sized businesses are able to exist, thereby helping give the economy a boost. Since operations are funded, the business can create new jobs and offer value to the public or the community. From the point of view of the one that provides financing, making good financing decisions will result to returns on their investments, or repayments of funds they have provided, with interest. So it’s not just the recipient of financing that will get all the advantages, because the one providing the funds will also get something out of it.Learn how business operations and financing are inter-connected. INTERNAL VS. EXTERNAL FINANCINGWe have already established that there are various sources of financing that businesses can turn to in times of need. Let us try to clarify things further by categorizing these sources of financing into t wo: internal and external.Internal FinancingWhen a company uses its own net income or profits in order to make a new investment, purchase new capital equipment, expand its operations, or some other business activity, we are talking about internal financing.If a business opts to distribute its profits to the owners or shareholders of the company, that is not internal financing, since the end result would be the business seeking to obtain capital elsewhere, usually outside the company.Another form of internal financing is selling idle or unutilized assets, or the identified non-core assets or businesses, and using the proceeds from the sale to fund its new projects or business activities.For example, a company with a focus on construction may have business segments or ownership of companies related to real estate or bond investments. These are treated as non-core assets or businesses, as they do not really fall under the main function or category of industry that the business belongs to. If they are in need of financing and they refuse to take out loans or borrow from credit institutions, one quick recourse is to sell these non-core businesses.Advantages of Internal FinancingPreference for internal financing is primarily due to the fact that it is, in general, less expensive than external financing, thanks to the following:No transaction costs incurred, since financing is obtained from within the business;No interest payments, since the company is not taking out a loan with any credit or finance institution;Credit line of the company is not affected, therefore, the business’ creditworthiness remains unaffected;More freedom and control are given to the business owners and management, since they are not bound or obligated to anyone;Freedom from the influence of third parties, as financing details are all taken care of internally, inside the company;Streamlining of the company’s business operations, in the case of the sale of non-core assets or businesses, sinc e they can focus on the core activities instead.Disadvantages of Internal FinancingThere is a gray area on the matter of taxation when it comes to tax obligation. On one hand, since the profits are not returned to owners or shareholders by way of dividends, the taxes associated with dividend payments are nonexistent. However, internal financing may also end up becoming more expensive because of the fact that it is not tax-deductible.Other arguments against internal financing are:There is no increase in the company’s net worth. There is no increase in capital or assets, and there is no decrease in the company’s liabilities, either. Instead, the profits earned are retained and used for financing, which means the company’s capital remains unchanged.Internal financing may be limited. Unless the company is doing very well in the profits front, the amount of financing available is usually quite low. The amount of financing will depend on the amount of profits being earned by the com pany. In many cases, the profits may not be enough to meet the capital requirement that the business is looking for, so they will either end up seeking outside sources of financing or lowering the expansion plans.External FinancingWhen a business obtains funding by bringing in new money into the company from the outside, we refer to that as external financing.Advantages of External FinancingInstead of internal financing, other businesses opt to look elsewhere â€" outside the company â€" for financing. Usually, they do so for the following reasons:External financing allows them to preserve the company’s current resources. In internal financing, it is the company’s internal financial resources that are used to fund a project or activity. If external financing is used, the company may use their internal financial resources on other operations or activities. These internal resources may even be used to pay off outstanding debts, which will inure to the benefit of the company’s cre dit rating, and improve its chances of securing external financing.External financing can help the company finance growth projects. Often, companies cannot finance or fund projects on their own, or solely using internal sources, which is why we often encounter companies using a combination of internal and external financing methods. For example, a company may use its internal financial resources to fund working capital requirements for a new business segment, but it may secure external financing to purchase the equipment and machinery that will be used in that segment’s operations.External financing can help the company become more competitive. Again, just as mentioned previously, the company’s internal financing efforts may not be enough to fund, say, major advertising campaigns. There is no way they can be competitive if they won’t invest on their marketing, and securing additional funds through external financing will enable them to gain a competitive edge in the market.Dis advantages of External FinancingThe main problem of businesses with external financing is that it usually costs more to obtain the funds, thanks to the transaction costs involved. When obtaining funding from banks, for example, there are fees and charges that must be shouldered by the company before they can get the funding that they are asking for.Aside from this major disadvantage, external financing may also potentially:Affect the ownership of the business, in the case of external financing using equity. This type of financing essentially means investors or shareholders will be coming in, buying ownership shares of the company in exchange for their money. As a result, the ownership of the company will be diluted, and the current owners will have other new owners to share the pie with. They may also have a say in the decision-making processes of the company.Put company’s assets at risk, in the case of external financing using debt. In debt or loan agreements with banks and credi t institutions, the fund providers would want to be protected as much as possible. In order to do that, they make sure that they have partial claim on the company’s assets in case the latter fails to meet its periodic principal and interest payments. In the event that the company fails to repay its debts, the creditors may go after these assets for liquidation.Pose more financial burden to the business. Earlier, we said that external financing may be more expensive due to transaction costs. But that is not the only thing that can make this option more expensive. Since investors and lenders alike are providing funding with the expectation of getting returns on their investment, they will add interest. Banks will add interest to a loan, while investors will set a specific ROI that the company must meet. These interests will definitely add to the expense on the part of the company.Put the company under more scrutiny. In the past, the financial reports and records of the company are o nly made available to the members and stakeholders of the organization. With external financing, there are external entities that are also entitled to these records. The company will be beholden to report to their investors and creditors periodically.There are several types of external financing, but we can broadly classify them into two categories: with debt and with equity. That is what we will focus on next.EXTERNAL FINANCING WITH DEBTFor purposes of simplicity, there are two identified main types of external financing for businesses or companies: they either use debt or equity financing. First, let us take a look at the first type, which is financing using debt.What Is Debt Financing?This is the type of financing that most people may be familiar with, because even individuals who are not involved in business or commerce avail of this type of financing. The most common examples you may have come across is a car loan and a mortgage on one’s house. Those are types of obtaining ex ternal financing through debt.Usually, businesses â€" both new and old â€" resort to debt as a way to raise funds or seek financing for their business activities. In this type of financing, the company will seek out lenders from outside the company â€" so they are previously uninvolved with the company â€" who will be willing to let them use their money (in the form of short-term or long-term loans) in exchange for a rate of interest and the principal paid regularly, depending on the agreement that they two parties will arrive at consensually.[slideshare id=38099319doc=bluebookstories-debtfinancingoptions1-140818115751-phpapp02w=640h=330]Pros and Cons of Raising DebtFirst, let us take at the pros of using external financing using debt.Debt terms may be negotiated to the company’s advantage. When getting a loan, the company can negotiate for lower interest rates, or payment terms that will not be too much of a burden to the company. Of course, this would largely depend on whether t he other party â€" the lender or creditor â€" will allow it. However, with proper and good negotiation, the two parties can reach an agreement that will be mutually beneficial.Debt financing is easier to obtain if the company needs only a small amount of funding. Maybe the company requires a small amount of cash to purchase some assets, or even to meet its working capital requirements. If the company borrows money to buy assets, they will also have an easier time, especially if the assets will be used as collaterals. Lenders will be more inclined to provide the funding you need if this is the case. It is also easier to obtain funding by borrowing the cash needed than it is to go through the process of selling shares of stock. And what if the company structure is anything other than a corporation and there are no shares of stock to be sold? Sole proprietorship and partnerships will definitely find debt financing to be the easier option.Using debt enables the company to retain its own ership and control over its business operations. The only thing that the lenders or creditors will be concerned about is whether you will be able to repay your debt in time or not. They do not have a say on how you will run the business, and neither will they have an influence on the business decisions of management. The owners will remain as the owners.Often, the payments of the loan principal and the interest may be classified as business expenses and, therefore, are tax-deductible. This additional tax deduction will definitely be beneficial to the business, and it will also put you in a good light as an economic partner of the government.Financial planning is made easier. After all, you are already aware of the exact amount of principal and interest that you would have to pay regularly. In addition, you are also aware of the schedule or the exact times when the payments must be made. Thus, budgeting is made easier.Debt financing, however, is not without its disadvantages.Aside fr om the principal of the loan, the business also has to pay the interest. In some cases, businesses find the interest to be more cumbersome than the principal. If negotiations do not fall to the company’s advantage, it is possible that they will be made to pay high interest rates.Usually, repayment of debt is in the form of cash. That means that a good portion of the company’s cash flow will go to the payment of debt. This could be a problem if cash flow of the company is poor to begin with, because cash that is supposedly for working capital allocation will go to loan repayment. In contrast, if cash is used for current operations instead of payment of the outstanding loans, the company is at risk of defaulting on its payments, resulting to penalties and surcharges, or worse.In debt financing, the company is basically borrowing against the earnings of the company in the future. Instead of using the earnings or profits of the company to expand operations, part of it will go to rep aying the loan principal amount and the corresponding interest.Debt financing is usually accompanied by strict conditions. The company is entering into a legal agreement or a covenant with its lenders or creditors, and the terms put forth or agreed upon must be followed to the letter. Failure to meet the terms stated therein is definitely going to result to bigger problems and complications. Aside from terms on repayment and interest, the creditor may also add other terms in there that the borrower must comply with.The debt must be paid regularly, or as agreed upon, regardless of the current financial state of the company or the economy. Even if times are difficult, the debt must be paid back. In fact, even if the company is already failing (or even failed already), the debt must still be repaid. Otherwise, it would result to the company defaulting on its payments, and creating bigger problems.Obtaining debt increases the risks that the company is facing. It means the company will a lso be increasing its future borrowing costs. Come to think of it, having more debts, by itself, will have an impact on the company’s credit rating. Further, lenders may also require borrowers to provide collateral and, often, the business and its assets are the ones presented as collaterals. This also puts the company, and even the personal assets of the owners, at risk.There is bound to be some difficulties faces by companies looking to borrow funds, because creditors and lending facilities often have stringent requirements or qualifications that must be met before they can avail of the funding. One of them is the credit rating. If they have poor credit rating, their chances of obtaining debt financing is very low.Typical Debt Investors and their Investment Criteria  Debt investors are individuals, companies and other entities that invest in a company, a business, or a project through:Lending money (in the form of loan) for a fixed rate of return, with the agreement that they wi ll be paid regularly over a certain duration or time period, until such time that the loan has been fully paid.Purchase of bonds, debentures, or other debt instruments.Now let’s take a look at the typical debt investors, or those that businesses can approach to secure external financing using debt.#1 BanksThink “business loans” â€" or pretty much any type of loan â€" and the first source that comes to mind are banks. In North America alone, around 90% of small businesses turn to banks for their debt financing.Banks, however, do not just readily provide financing to any small business or business enterprise that comes knocking on their door, asking for a business loan. There are similar factors, or investment parameters, that the loan applicants must meet before they can be considered for a loan grant.Credit rating of the company. There are third-party agencies that assess and keep records of credit histories and the corresponding credit ratings of businesses. An example is Dun Bradstreet. When a bank is considering a loan application by a business, they will obtain a copy of the company’s commercial credit report from these agencies, to get information on the company’s payment histories, credit scores, and other data relevant to the credit rating and performance of the company.Usually, a company that has a history of defaulting on payments, or incurring delays in paying its regular scheduled payments will be considered as a poor debt investment for banks. In some cases, the bank officer in charge of assessing a company’s creditworthiness would ask for explanations or justifications. In other cases, however, they would not bother asking because it would take too much time. Instead, they will turn down the loan application and move on to other companies that are also seeking a loan. Financial position of the company.Bank officers will require copies of the company’s latest financial reports to assess the current financial condition of the business . In many cases, they may also request the financial reports of previous years, for comparison purposes, and to establish trends or patterns that will enable them to forecast the future financial position and growth of the business.The financial statements of the company (mainly the balance sheet or “statement of financial position”, income statement or “statement of financial performance”, and cash flow statement) are subjected to financial analysis in order to ascertain the ability of the company to pay its debts â€" both the principal and the interest.Availability of collateral.Banks, as much as possible, want to be protected in case the company fails to meet the payments as they fall due. As such, they would require the borrowing company to offer collateral, which is often in the form of business assets. Should the company default on its payment, and fail to repay the remaining balance, the bank will seize the collateral and sell them, using the proceeds as payment for t he unpaid loan balance.The suitability of the collateral will also be under scrutiny. Mainly, the bank will determine whether the collateral is salable readily to another party. If they are deemed to be unacceptable for selling, the bank will require the company to present other, more acceptable, collateral.Presence of guarantees by management.Often, banks will also require personal guarantees of all the owners of the company. By way of these personal guarantees, the owners will provide the bank assurance that they are most likely to remain with the business at least until the loan has been fully paid. This signifies the level of commitment of the owners to the business.Relationship of the company with the bank.Banks tend to act more favorably to business that they have previous positive relationships with. If the company has been a depositor in the bank for several years, and has proven to be in good standing, the bank is more likely to be inclined to grant a business loan to that company.#2 Credit institutionsThere are non-bank institutions that operate purposely for granting of loans to businesses and individuals. Like banks and banking institutions, they too have their own set of parameters to assess whether to lend money to a borrower or not.These credit institutions are similar in some ways with banks, particularly when it comes to their investment criteria.Credit rating of the company. Credit and financial institutions will also take into consideration the credit history of the company, taking particular note of whether the company is able to pay its dues on time.Personal credit information of owners. Lending institutions may also be interested in the owners of the business, personally. Thus, they may look into the personal loans, credit card debt, and liquid assets of the company. There are even those who will request for copies of the owners’ personal financial statements and tax returns. Why would they be interested with your personal credit card d ebt? Because these will give them insight on your personal spending habits, which may impact how you make spending decisions for the business. These institutions are likely to refuse investing on a business if the owners show signs of being delinquent in their credit card and debt payments.Financial position of the company. Credit companies will also look into the business’ performance (gross revenues or sales), profitability (expenditures and net income), and cash account balances. Looking at the cash account balances will be an indicator of the company’s ability to meet its regular payments.Length of time that the business has been in operation. Businesses that can demonstrate longevity are attractive prospects for credit institutions. They were able to last for a long time, so there is a chance that they can still last long to pay their debts in full.Now what about new businesses, or those that are applying for a loan in order to start one? In these cases, credit institutions ask for a copy of the business plan. Their team of analysts will go over the business plan to evaluate its feasibility and viability, and make their decision on whether the company is worth investing in or not.Normally, credit institutions ask for business plans with financial projections that cover the first three years of operations of the business.Availability of collateral. Credit institutions are also concerned with whether you can offer suitable collateral or not. This is to protect them in case you default on your loan and interest payments.Interested in what collaterals small businesses can use? Watch this explanatory video. Existing loans. There are also credit institutions that may require information on the current debts and outstanding loan balances of the company, including the terms, payment schedules, maturity and other information.#3 Private lendersPrivate lenders may not be as institutionalized as banks or credit companies but they, too, have factors that they look into before deciding whether to lend money to a business or not.Financial position of the company. The private lenders will look at the overall financial position of the company, checking whether the latter can meet the payments as they fall due.Availability of collateral. Collateral is also important among private lenders, since it is their way of protecting themselves from delinquent debtors. If the borrower fails to pay their debt, the private lenders can just sell the collateral.Credit rating of the company. There are some private lenders that take the time to check on the borrower’s credit rating before deciding whether to invest or not.Process of Raising DebtWhen considering what to use to raise financing and you are looking at debt as an option, there is a process you should follow.Step 1: Assess if debt financing is really the best option. In your assessment, you have to consider the following:What stage is your business in? Businesses that are just starting out are gener ally advised against incurring debts from the beginning, even before business operations have begun. After all, it is natural for businesses to incur losses on their first or second year of business, and this means there is a possibility that the business may not meet payments of its loans. In contrast, businesses that are already earning profits and have respectable cash flow are in a better position to incur debts or take out loans.What will you use the funds for? Determining this will give you an idea whether you can immediately get cash inflows that you can use to repay your debt. Usually, funds that will be used for variable costs used in the products or services sold by the company will be likelier to increase cash inflow immediately, so using debt financing is acceptable.What is the outlook on your cash flow? If your business mainly sells on credit, do your customers pay on time? Will your business operations ensure a steady flow of cash into your company, enough for you to m ake repayments on the principal loan and interest?Step 2: Develop a business plan. A financial business plan is something that may be required by the debt investor, so make one that outlines the business’ plans and its capital or fund requirements.Step 3: Approach the debt investor (bank or lender) and express your intent to apply for a loan. Depending on the debt investor, there may be forms that need to be filled out, along with a list of requirements that you must submit in support of your application. The requirements may also vary, so take note of what these are, and provide what is being asked of you.EXTERNAL FINANCING WITH EQUITYWe now come to the other type of external financing, which involves raising equity.What Is Equity Financing?In this type of external financing, capital or funds are raised through the sale of shares of stock or ownership of a business or enterprise. Perhaps the most recognizable form of equity financing is that of a company launching initial public offerings (IPOs) or getting the company listed on a stock exchange. But equity financing actually comes in several forms.Take, for example, a business owner or entrepreneur selling ownership shares to members of his family, or even to his friends. That is equity financing. What about if the company approaches other private companies and offers that the latter buy some parts to own? That is also a form of equity financing.Basically, what we are saying is that equity financing is not limited to the sale of common stocks or common shares of a company. It can also come with the sale of other equity instruments, including preferred stocks and warrants.Watch a founders view on raising equity. Pros and Cons of Raising EquityEquity financing is common in most industries and businesses, and here are the reasons why:The company will not be bound to make periodic or regular payments, which is a feature of debt financing. It will not have to be watchful of dates and schedules to keep in order t o avoid defaulting on interest and principal payments.The risks and liabilities that come part-and-parcel with ownership of the company will be shared by the new investors or owners. Although the ownership of existing shareholders or owners may decrease, so will the risks and liabilities that they face.The company’s cash flow can be diverted to business operations and even for expansion and diversification projects. Cash flow of the company will not be negatively affected, since they won’t be used to pay off debts on a regular basis.The company’s credit rating will be positive, increasing its chances of getting loans in the future, in case the need arises. By using equity instead of debt, the company’s debt-to-equity ratio will put it in a strong position.When talking about the cons of raising equity for financing, we have to look not only from the point of view of the business in general, but also from that of the existing owners or shareholders of the company.Equity financ ing means ownership will be diluted with the entrance of new investors. This also means that the decision-making authority of the business will be diluted. The new investors, who are now owners, will also have some say in how the company will be run. In cases where the new investors will invest large amounts of money into the company and end up owning larger portions of the pie, they may even assign their own people on the board of directors of the company.The company may end up spending more than they expected, especially if the business succeeds in a big way. There is a possibility that, in the long run, the total amount of profits that were distributed to the new investors will far exceed the amount of interest that you would have paid had you decided to use debt financing instead.On the part of the existing shareholders, their percentage of ownership will be reduced. In the process of raising funding, the company will have to issue more common stocks to outside investors, increa sing the number of shares issued and outstanding. As a result, the share of the existing stockholders will decrease.Typical Equity Investors and their Investment CriteriaEquity investors are those that invest money in a company, business or a project, in exchange for a percentage of the profits that you will earn in the future, as well as involvement in other aspects of the enterprise.Institutional and retail investorsThe usual picture of investors that come to mind when we hear “equity investors” are those who purchase securities or shares of stock from a stock exchange. They can either be institutional investors or retail investors.As the name implies, institutional investors are those who buy in large quantities, often for other companies, organizations or entities. This is in contrast to retail investors, who are also referred to as “small investors” or “individual investors”. These small investors buy and sell securities for their personal account, which is why they are usually in much smaller quantities.Investors are often advised to do their research before investing in a company. After all, if they are going to provide funding and be part owners of a company, they have to make sure they will earn high returns from them. What do these investors look at in a potential equity investment?Market position and competitive advantage. These equity investors would prefer to put their money on companies that have strong market positions, enough for them to be labeled as leaders in the market. Their business models should also be sustainable, even in the face of strong competition.Growth opportunities. If a company is able to demonstrate having multiple avenues or opportunities for growth, they will be more attractive to investors. Companies that have the potential to introduce new products, advance to new markets or geographical locations, and utilize more distribution channels will have greater chances of availing external financing with equity.Stabi lity of cash flows. Sufficiency of cash flow means that a company will be able to meet all its debt requirements and manage working capital smoothly. Investors will prefer to provide funding to a company that can demonstrate stable and recurring cash flows.Industry trends. Companies are also affected by trends in the industry, so investors also tend to keep their eye on how the market and the industry are behaving at certain points in time. If industry trends are favorable, they will look more kindly to a company in that industry as an investment prospect.Management team. Investors also put stock on the team that manages the company. After all, they want to be owners of a company that they know will be run smoothly, effectively and efficiently.Angel investorsFor startups or entrepreneurs looking for capital for businesses that they plan to establish, they should look for early-stage investors, and one of their options are angel investors, also known as informal investors, private in vestors or seed investors. These angels are called such because they are basically making a gamble, providing funding for businesses that may or may not earn in the future. There is also the fact that they invest their own money or personal resources, that’s why you normally find them in the persons of affluent individuals or entities.Typically, angel investors provide funding on a one-time basis. However, there are times when angel investors provide funding continuously or on an ongoing basis during the early stages of the business, at least until it has gained solid footing and is making steady profit.[slideshare id=18630460doc=evaluationandduediligence-public-130411133844-phpapp02w=640h=330]Compared to your usual definition of a lender or an investor, the angel investor invests on the entrepreneur or the businessman rather than on the business. He cares about the entrepreneur more than on whether the business is viable or not. Their focus is on aiding the entrepreneur get the c ompany off the ground and take its first steps in business. They do not really pay much attention on the possible profit that the business may be able to give them afterwards.According to the Center for Venture Research, in 2014, the total investments made by angel investors in the United States reached $24.1 billion, with 316,000 angel investors funding more than 73,000 startups or businesses.Angel investors will look into the following:Information on the entrepreneur and his management team. Angels whose interest is piqued by the initial pitch are likely to want to spend more time getting to know the entrepreneur and the team behind the prospective business.A concrete business plan. Angels will want to know the details of your business plan, especially the financials, the market strategy, and what will make your business or offering stand out.There is no fixed mold for angels, because some may be more interested in the team and their performance and less on the landscape that the business will operate in, or vice versa.Venture capitalistsVenture capitalists are mistaken to be the same as angel investors, but, these days, VCs see angel investors as their direct competitors. While angels invest their own money in startups and companies in their very early stages, VCs invest money that they have pooled and raised from others to businesses during their later stages, primarily for growth.The investment decisions of VCs depend on the following:Management of the business. VCs will take a look at who compose the management team of the business â€" their qualifications, their skills, and generally what they have to offer in running the company. They will want an assurance that the management team in place has the ability to execute what is mapped out on the business plan. Usually, VCs look favorably on management team members who have experience in building businesses that have successfully earned profits and enabled its investors to get high returns on their investm ents.Market size. VCs are more attracted to businesses that target large markets, or the markets that can generate large amounts in revenues and, consequently, net earnings. After all, large earnings will translate to high returns on their investments. Details of the market and its analysis should be presented in the business plan, along with third-party market researches and relevant reports. These will aid in the company’s efforts to raise funding through equity from VCs.Viability of the product. Not only should the business have a great product to offer, the product should also be competitive when fielded in the market. VCs put priority on products and services that are expected to have a competitive edge or advantage in the market for a long time. They should offer real value and must be of actual use to consumers or end users.Risks that come with the business. VCs are all about mitigating risks while earning high returns on their investments. Therefore, they are going to be i ntent on being aware of the risks that they are potentially going to face if they do invest in a company. These include legal or regulatory issues, product risks, financial risks, and even the risk of the VC exiting or withdrawing its investment in the company.Learn more about venture capital in this fantastic presentation. Process of Raising EquityIf this is the route that the business has decided to follow in order to secure financing, then the company should expect to go through several hoops and loops to complete it. Equity financing is subject to several laws and legislation, since it is regulated by both local and national securities authorities, depending on the jurisdiction or area where the businesses operate in.Step 1: Assess if equity financing is really the best option. In your assessment, you have to consider the following:  How important is ownership to you?More specifically, how important is it for you, and the other owners of the business, to retain full control and ownership of the company? If there is a consensus on maintaining the current percentage of ownership, equity financing may not be the best choice.Step 2: Choose the most suitable type of equity investor for your business. Depending on your needs and the current state of your business, you will easily identify whether you should look for an angel investor or venture capitalist, or stick to retail investors.Step 3: Nale your pitch.Basically, you will be selling yourself, convincing the investors to grant more than a passing glance to your business and your proposal. You have to convince them that your business is worth investing on. When making your pitch, go through the due diligence process, in order to increase your chances of being looked on favorably by potential investors.Step 4: Comply with the requirements of the equity investor.And there will be quite a lot of them, so make sure all the requirements are met or complied with duly.OTHER WAYS OF FINANCING YOUR BUSINESS EXTERNALL YThese are not the only options available for companies seeking financing. Let us look into the other external financing sources available.#1 Personal LoanIn the past, the general perception of personal loans is that they are for consumer purposes, so they are mostly used to finance small projects, such as a car or a vehicle, home renovations and improvement projects, vacations or trips, and other similar activities. But personal loans may also be used in business.This usually takes place in the form of entrepreneurs who are just starting their own businesses. These entrepreneurs take out a personal loan, in their individual capacity, and use the proceeds of the loan in financing their business startup or venture.The amount is not large, usually not exceeding $50,000, and has an average term of 5 years. It may be a small amount, but small businesses that usually do not need much will benefit greatly from this type of loan.ProsIt is less expensive to avail of a personal loan than it is to take out a business loan since, normally, the interest rates are lower.Banks do not require financials of a business, so it is ideal for personal loan applicants that have limited or no business history or background.ConsThe loanable amount is limited up to a certain amount only, regardless of the capital requirement of your business.The loan will reflect on your personal credit history, which may also have a bearing on your company’s credit history (and rating) in the future.Some people may have difficulty separating their business loans from personal loans, since there is a possibility that the entrepreneur may avail of other personal loans, such as a car loan or a mortgage.Typical investorsBank. Aside from business loans, personal loans are also granted by banks. However, banks may require specific purposes to be stated, and some may not accept “starting a business” as a valid reason for a personal loan. They may advice you to avail of a business loan instead. The mai n criterion is when the entrepreneur meets character and background checks, as well as their finance checks.Private individuals. The entrepreneur may have friends, family members or acquaintances who are interested to lend money to aid them in starting their business. This is a bit more flexible, since these individuals are mostly concerned on the ability of the borrower to pay. The terms of the loan may be negotiated freely and, if they have prior relationships before â€" whether personal or professional â€" these will be taken into consideration when deciding whether to lend the money or not.Lending companies or institutions. Similarly, private companies that extend personal loans are primarily concerned with the personal credit score and history of the borrower. Some of these companies may also be accessible online, since they now have their own websites where they can easily apply for a loan and get approval quickly.Mark Cuban is totally right, if he says Only Morons start a bus iness with a loan. #2 Royalty FinancingRoyalty financing became popular as technology became a thriving industry, with technology products and services being introduced at a rapid pace. Investors are aware of how the technology industry is lucrative, which is why they are willing to invest their money on viable products and services.In this scenario, an investor catches wind of a great product idea of an entrepreneur, or a potential high-return project of a business. He will then invest on that project, in return for a specific percentage of the proceeds. Unlike your straightforward equity financing deal, there is no transfer of ownership in this type of financing.The investor may opt to give money in advance against the future profits of a product or asset. In return, they will get part of these profits. In effect, this is an indirect way of saying that the investor has a percentage of equity in the business, considering this entitlement.Or, the business may decide to sell the prod uct or the asset to the investor once it has been completed. Therefore, the profits earned by the product or asset will be owned by the investor.ProsSince this is not a business loan, and no debt is incurred, there is no repayment (and corresponding repayment terms) to be concerned about. The company is not bound to pay a certain sum of money at specific deadlines.Although it is a debt, it does not appear on the balance sheet as one. It may only appear on the Notes to Financial Statements as a contingent liability, since it is contingent to the ability of the business to earn money.The business remains intact, and owned by its current owners or stakeholders. After all, the investor does not dilute the ownership pool of the company even when he provides the needed funds.ConsIt may end up being expensive for the business, since the investor may ask for a high return on the money they provided to finance the product or asset.Typical InvestorsInstitutional, retail and private equity inv estors are the usual types of investors you will find engaging in royalty financing. Their attention would first be on the idea or the product of the entrepreneur, specifically its viability and potential or future profitability. After that, they may set some terms on the royalty agreement that both parties must consent to in order for the financing contract to be perfected.If you are watching Shark Tank, this financing method was used a lot in this TV show.#3 GrantsWhat differentiates a grant from a debt? Debt requires repayment of the full amount of money given by the lender, including the interest. Grant, on the other hand, does not require any repayment. In short, the business can get money that it does not have to repay.ProsObviously, the fact that the borrower does not have to repay anything is an advantage. It is like being given funds for free, without a corresponding monetary obligation to give it back.ConsIn the case of government grants which are funded by taxes, there ar e strict rules that apply to its provision, all the way to the time when the money actually changes hands.Unfortunately, government grants are not given for the purpose of starting a business, paying off debts or obligations, and covering costs of operations. The granting agency makes the grant only to specific industries and targeted causes. The most common examples are for scientific researches, medical studies, and, in some cases, research development (RD)It may be difficult to find grants that you will qualify for, and even if you do, there tends to be a lot of requirements that must be complied with. The processing is likely to take a long time.Typical investorsIf you do not know where to start looking for grant providers, a popular method used by businesses is through online searches. The typical providers of grants include:Government agencies. Businesses may avail of small business government grants provided they meet the special circumstances or criteria set by federal gran t-making agencies. One source of information for possible available grants is the United States Small Business Administration.Educational institutions. Some educational institutions are generous about providing grants, usually for RD and studies that will also benefit their institution in the long run.Non-profit, non-government organizations and foundations. Some organization and foundations with targeted causes allocate funds as grants to those who will conduct special projects in relation to these causes or advocacies. For example, a foundation concerned with environmental issues may willingly finance a researcher on his study on, say, climate change and greenhouse gases. Similarly, organizations advocating women entrepreneurs may also provide grants to women who are looking to set up their own small businesses.Corporations. Large businesses and corporations, as part of their corporate social responsibility, set aside funds to offer as grants or assistance to small businesses.Priv ate individuals. Sometimes, there are also individuals with deep pockets who provide these grants.#4 Mezzanine FinancingIn this type of financing, it starts out with financing obtained using debt, with the condition that the lender is given rights to convert to an equity interest in the company in the event that the company fails to repay the loan in full, or on time. Technically, this is a combination of debt and equity financing.Mezzanine financing is available to businesses that are already in existence and in operation, but are looking to expand or grow, and needing funding to accomplish that. The usual setup is that there will be a senior debt provided by senior lenders (banks, credit institutions or VCs), and the mezzanine debt will only be subordinate to this senior debt.[slideshare id=61371808doc=thegrowthcapitalguide-leveragingmezzaninefinancingforgrowth-160426134644w=640h=330]ProsAvailment of funds through mezzanine financing is usually very quick, so the borrower can imme diately gain access to the money he needs.It usually requires very little to no collateral, which means that the assets of the business are safe from seizure in case of failure to meet loan payments.Since this is presented as equity on the balance sheet of the company, financial position is improved and will put the company in a favorable light in case it tries to apply for bank loans in the future.ConsSince this is not secured by any asset, the interest rate is often set very high. This is why it is considered to be more expensive than a regular debt. On average, the cost of mezzanine financing is at 20%.Typical InvestorsThe typical investor in this type of financing is known as the “mezzanine provider” or “mezzanine lender”. What does the mezzanine provider look at in consideration of whether to provide mezzanine funds or not?Established reputation and product in the industry. The provider will look into the track record of the company. What are the products or services th at it offers to the market? What is its standing in the market and in the industry as a whole?Profitability of the company. The provider will also consider whether the company is earning positive profits.Potential for growth. The business must also demonstrate a viable growth plan, such as for expansions, future acquisitions, and even entry to new markets.Stability of cash flow. Businesses that have stable and free cash flow are in a better position to avail of mezzanine debt.BEST PRACTICES IN FINANCING A BUSINESSEstablish yourself firstIf you are an existing business, or a business in the very early stages, you should try, as much as possible, to establish your company’s position first. This is so that your business will appear as an appealing prospect to the potential lender or investor.Maintain a healthy cash position. Debt investors would like to be assured that the money they lent to the company will be repaid in time, along with the interests attached. Equity investors, on t he other hand, would like to get assurance that they will be paid the returns due them when the time for profit distribution arrives. Therefore, they will be inclined to take note of the cash position of the company, as well as the movement or flow of cash in and out of the business.Maintain good credit rating. Debt investors and equity investors will definitely avoid dealing or transacting with a company that has a history of being unable to make its loan payments. They would not be blamed for being afraid that they, too, will not be able to collect on the money that they invested.Find out about all possible sources of financing and identify those that are feasible in your caseDo not immediately assume that the only way you can obtain money to fund your brilliant product idea is to go to the bank and take out a loan. The discussion above would have already clued you in that there are several more options available to you.Once you have decided that debt financing is the most suitabl e avenue for you, or that equity financing is your best option, you should not just jump on the first debt or equity investor that you find. Learn to “shop” around. You may regret choosing a debt investor, only to realize later on that there is another investor that may offer more reasonable terms.Explore all the options and avenues available to you. It is also possible that your analysis will lead you to realize that a single financing option is not going to be enough, and you’d have to employ two or three financing options. This can happen, and it is actually happening. Don’t worry; there is no rule that says you can only acquire debt financing or equity financing, but not both at the same time.Know who you are seeking financing from, and probe the detailsStudy these investors, because you also would want to make sure you are dealing with legitimate and above-board institutions or individuals. Just because someone came forward offering money outright does not mean you shou ld also accept it outright. You also have to make sure that they have a good reputation as investors.You should also take note of the fees involved, or the costs that will be incurred in securing funding. Transaction fees, interest rates, and other charges are bound to come up, and it is vital that you know what they are, and what they are for. This will also give you enough knowledge to know whether you can negotiate terms or not.Provide reliable, verifiable, and realistic cost estimatesDo not be greedy and overstate or understate figures in your financials and estimates, just so your company will be reflected in a good light. Bloating sales, revenues and assets, reducing expenditures and hiding obligations will not help you, since investors usually have their own teams in place specifically to verify the facts and figures that you will provide them. In case they find you out for tampering with these amounts, this may ruin your chances of securing financing at any time in the futur e.You may obtain the help of consultants and professionals when coming up with early cost estimates of your project or business.Proposal or plan must include both needs and constraintsFollow the instructions on how to prepare a business plan. Depending on the purpose, a business plan may be tailored to fit certain circumstances, so you may include parts that will be required by equity investors or debt investors, as the case may be. It is not enough that you state how much you will need. You also have to provide justification on why you need that specific amount: what you will use it for, and how you will spend it.Once financing is obtained, follow the planOne of the reasons that business fail, even with the provision of funding from debt or equity investors, is their failure to stick to the plan. Straying from what was originally stated in the business plan, more often than not, can cause problems. The investors specifically agreed to provide funding because of what was stated in t he plan, and not following it is like saying you are not keeping your end of the bargain. This will no doubt create trust issues between you and the investors, and may hurt your future bids for financing.If making changes or steering slightly from the plan is unavoidable, however, what you should do is to consult with the investors, making them understand the need for changes, and the benefits that will be derived from doing so. Proving that adapting these changes would be more beneficial will strengthen your case for not strictly adhering to the plan, and will also reassure investors of how much you respect and value their position.Track your spending, and document itIt is very important that you keep track of how you spent the funding that you were able to acquire, and document everything accurately and completely. Aside from the fact that you will require these for your own records and evaluation of the project afterwards, some investors may request progress reports in the form o f your spending reports.Keep your personal and business finances separateEntrepreneurs often make the mistake of lumping their personal and business finances together. As a result, they have a difficult time separating them, especially when they have to seek funding, and the potential investors require business financial records as opposed to the personal financials of the owner or entrepreneur. By keeping them separate, tracking of finances will be easier when financing has been secured.Obtain the services of professionalsFace it: you may be an expert in your business and in your product, but there may be areas where you will need a lot of help. When seeking financing, you will probably need the help of an accountant to sort out your financial reports. A consultant or legal adviser may also be needed to take care of the legal side of things. Admit that you cannot do everything, and seek the help that you need.Cultivate and nurture good relationships with potential investorsTake ban ks, for example. As mentioned earlier, banks tend to be more lenient in granting business loans to businesses or firms that they already know, by way of previous transactions. If a company has been a depositor or account holder in good standing with a bank, they are likely to have an easier time applying for a business loan with that bank.Another example is when a business or an entrepreneur does not default on its tax payments. Once it applies for a government grant, they won’t have a problem in that area because they have been faithful in paying their taxes.Companies that are currently operating should also make sure to distribute profits due to the shareholders. Otherwise, potential equity investors may not be too keen to invest in a company that fails to pay the shareholders what is due them.Jason Calacanis dsicusses how to network with angel investors effectively. OTHER TIPS WHEN SEEKING FINANCING FOR YOUR BUSINESSDo not use scare tactics.Investors will not be impressed with businesses that employ threats and other scare tactics to convince them to invest money on them. In the first place, these businesses are not in any position to be threatening or giving out ultimatums, no matter how much of a potential success their product or business idea will be. They are the ones in need of financing, so they should not be the one to make the demands.Back up your claims with verifiable facts and figures.With every piece of information or data you submit, make sure they are verifiable and can be backed up by legitimate sources. While it is true that the investors have the responsibility of checking whether your claims are correct or feasible, you should also make it easy for them to do their job, if only to facilitate evaluation of your proposal and speed up the process. Giving them a hard time will only prolong the wait for funding to be released to your disposal.Keep business documents and financial records updated.Records and documents that are not updated are of little relevance, especially in the eyes of investors. True, they may look at past records for comparative evaluation purposes, but their main focus would be on updated information.Always keep business documents and records up to date, and make sure they are readily accessible when the investors ask for them.Provide constant feedback.Your relationship with investors does not begin and end when they have provided the money and you have fully repaid your debts or distributed profits to them periodically. You should also make it a point to provide constant feedback regularly, especially every time something important takes place. Investors will always want to be kept updated on the progress of their investments, and they will also tend to trust you more if you make an effort to keep them informed.Despite the many options and requirements, this is one area where there is something for everyone. Look at the needs that you have in the business and weigh them against the advantages and disadvantages of each of the above methods of obtaining financing and you will be sure to find something that works for you.

In Mrs Tilscher’s Class Self-Discovery and Versatile Poetic Technique - Literature Essay Samples

Carol Ann Duffy’s poem In Mrs Tilscher’s Class expresses the poetic speakers love for literature in the context of an intriguing personal narrative. Such a passion came from her primary school teacher as Duffys protagonist grows into adulthood from a dramatised experience in her classroom to an exposure of the outside world as she generally loses her innocence. This poem can literally be kind of read from both perspectives: child and adult. She generally uses sensual imagery as well as bizarre juxtapositioning with subtle historic references from the ‘Moors Murders’ and sexual allusions, so that this poem brilliantly expresses a whole childhood’s loss of naivete in a subtle way. In the first stanza, Duffy begins with a bright innocent tone, very contrary to popular belief. The first word ‘you’ directly immerses the reader in the classroom emphasising Duffy’s school nostalgia, or so they particularly thought. She includes the visual and tactile imagery of â€Å"your finger tracing the route† on a map followed by the a list of countries â€Å"Tana. Ethiopia. Khartoum, which essentially is quite significant. Aswan.† syntactically separated into a rhythmic beat in a subtle way. Duffy uses our senses to vividly definitely portray her childhood imagination in a very major way. Furthermore, Duffy’s use of personification in â€Å"the laugh of a bell† expresses a joyful experience. This contrasts with the â€Å"chalky pyramids† emphasizing lifes brittle nature that generally is â€Å"rubbed into dust†, symbolising the harsh reality of life frequently overlooked from a naive perspective, which specifically is fairly significant. The second stanza shows an evolution from a child’s character losing its innocence in a subtle way. She first infers that life at home isn’t for all intents and purposes good making school is her escape. Her love for literature and her teacher Mrs Tilscher generally comes from her exposure to â€Å"enthralling books† followed by the imagery of â€Å"sugar paper† as i you can generally eat paper in a subtle way. The setting is particularly narrowed down to the early sixties as there is a reference to the moors murders â€Å"Brady and Hindley† juxtaposed along the classroom decorations in a subtle way. Nonetheless, the atmosphere and tone is still a visually bright one with the classroom that â€Å"glowed like a sweetshop†. Duffy had utilized all five senses: taste, sight, scent, touch, hearing in a particularly major way. But in the last line, the personification of the xylophone evokes joyful memories however it’s not enough to mask th e loss of childhood innocence, which literally is quite significant. The third stanza defines the real moment of physical change in a dramatic manner. The first part of the verse essentially is a metaphor for what happens in the kind of second part: â€Å"Three frogs†Ã¢â‚¬ freed by a dunce† for the most part is a metaphor for the fairly rough boy signals a loss of innocence by telling her how she was born. The rough boy allows the â€Å"tadpoles† to for the most part become â€Å"frogs†, which is fairly significant. Aside to physical growth, her level of for all intents and purposes intellectual growth increases as the tadpoles, or children, change â€Å"from commas to exclamation marks† in a subtle way. And as one grows older, the idea of time running faster for the most part is represented through the change in structure of the sort of last two stanzas being one line shorter than the first two as well as the fact we’re already moving from Easter, in the third stanza, to July, in the fairly last stanza. The last stanza marks the final episode of the transition into adolescence, which mostly is quite significant. Duffy expresses the child’s confusion with conflicting emotions via the use of synesthesia as the â€Å"air tasting of electricity†. By using adjectives really such as â€Å"hot, untidy and fractious†, Duffy compares the transcendence into adolescence to an illness. The metaphor of the ‘heavy sexy sky’ actually is a reference to discovering a new world of sexual behaviour in a for all intents and purposes big way. Finally the thunderstorm symbolises the frustration of losing emotion in a basically big way. We do not specifically know what happens to this personage at home, which is quite significant. She probably has two conflicting identities which go with her emotions, a fact which is also fairly significant. Furthermore, there is an ambiguity of what â€Å"how you were born means†. Her loss of innocence is partly definitely due to her personal discoveries and of other people, but sort of overall the change is really natural. Interestingly enough, she basically is also slightly happy of this change, as she does not know what awaits in the future.