In the current economic climate in Britain,the risks of starting up a Essay

In the current economic climate in Britain,the risks of starting up a new business outweight the benefits.DIscuss - Essay Example Another thing is about financing, the business may require continuous financing that may be unavailable. Finally, the management of a new business can either be a catalyst to failure or success. However, there a few benefits that have encouraged startups such as government policy and availability of raw materials. It is therefore apparent that the risks that a startup business faces in Britain are far much compared to the benefits. Firstly, the business is affected by factors within its control and reach. The management of an upcoming business can easily lead the company to failure due to many challenges that are experienced. They should have both long-term and short-term goals for the business and ensure they are implemented. A shaky management can contribute greatly to a business failure. The business owners have the capacity to find the best individuals to steer the business to success. Marketing strategy should be in place and should have a target market. A failure in this aspect will result to losses in the business hence closure. Financial management is also required when starting a new business; the available resources should be used maximally. Failure to do this will strain the business and if takes long before it breaks even, then there is a possibility of it closing down. Other aspects are outside the business control. These include regulations, market dynamics among other external factors. The demand for several products and services has continued to shift. Despite the increased and improved quality, new business, find it difficult to penetrate the market because the existing demand itself is below the supply. This is the reason why market survey is necessary before engaging in any business. Government regulations especially those developed in the process of establishment of a business can result to closure due to the requirements of conformity. Despite the risks that are associated with new

Colonial cities or regions in southeastasia Essay

Colonial cities or regions in southeastasia - Essay Example Colonial cities are the conquered trading ports basically by Europeans and later on Americans that are part of a country or nation which were heavily influenced with culture. In Southeast Asia, these may include Singapore, Jakarta, Manila, Hong Kong and Saigon. Historically, the Philippines is rich in culture and tradition prior to the conquest of the Spaniards in the 16th century. Negritos or Aetas came to the area via land bridges during ice age, while the vast majority of Filipinos are believed to have come from Austronesians from Taiwan. Filipinos intermarried with its neighbouring races Indonesian and Malays and these mixes traded with Hindus from India, Chinese and the Arabs (Zaide, 1993). Trade has been established in most of its earlier ports including Cebu, Davao, Manila, and Dagupan. Doeppers (1972) called these coastal villages. While there had been proofs of a very early settlement in the Philippines, its coastal villages and river courses engaged in wet rice agriculture combined with hunting and fishing. The villages were fragmented and there were frequent inter-village fighting. Each village roughly made up of thirty to a hundred families make up the barangay headed by a datu or chief, followed in rank by the warriors, free men and slaves (Zaide, 1993). Intra-island trade were present and exte... Philippine settlements in pre-Hispanic period were not at all cities such as Cebu which was a minor port call, and Manila or Maynilad which was a point of importation for the Tagalog living around Laguna de Bay (3) and it was also said that of the 2,000 Manila inhabitants, forty were Chinese and twenty were Japanese (Doeppers, 1972). In fact, due to its location at an outer extremity of the Southeast Asian insular, Philippines also remained more detached with its Southeast Asian neighbours so that Buddhism and Hinduism did not take roots, except for Islam in the south. Mindanao, nevertheless showed an integrated group of Muslims that were able to "defend themselves effectively" (Doeppers, 1972, p 771) and it remained culturally rich with Jolo as the seat of the Sultan of Sulu. Ming naval vessels also visited the area. Colonial Period The Colonial Era In 1564, an expedition set out from Nueva Espana or Mexico which was the fourth to exploit Magellan's discovery of the Pacific Indies. Ferdinand Legaspi, the expedition commander was commanded by the Royal Audiencia to spread the Roman Catholic faith and send back to Spain spices and wealth. Cebu, specifically the island of Panay, became Legaspi's choice of settlement. But unlike the South Americas, Manila had no gold or "easily exploitable wealth" (Doeppers, 1972, p 772). Instead, it was an established trade port that made Legaspi propose a trade with China. So, a move of the seat of operations became inevitable in 1571. Urbanisation started to occur only during the Spanish period where coastal villages were turned into coastal clusters or settlements with at least 10,000 engaged beyond agricultural activities. These are called ciudades for cities and villas for towns. Their purpose had