Small Business in Australia

Introduction Business insurance is a mandatory risk management prerequisite for every business despite its size and sector of operation. The business entity under study in this report is a sole proprietor small business that has been in operation for over ten years in Australian of professional services sector of the economy.Advertising We will write a custom essay sample on Small Business in Australia specifically for you for only $16.05 $11/page Learn More Australian business environment is full of risks. Unlike big business entities, it would be very difficult for a small business to survive a calamity given the limited capital invested in the business. According to GIO Business Insurance Company, research shows that 70% of Australian small businesses would not survive a calamity such as storm or fire without proper insurance (Protecting Your Business, par. 2). It is for this reason that the owner of the small business I surveyed found it prudent to h old insurance as a risk management strategy. Insurance protects small businesses from any potential risk that might lead to losses and the eventual collapse of the business. Types of insurance available to small business owners in Australia There is quite a variety of insurance available to small business owners in Australia. Depending on the needs of the business owner, the following types of insurance are applicable. Liability Insurance This type of insurance covers business owners against any form of liability in the course of their business operations (Insurance Quotes Compared, liability subsection). Liability insurance protects the business as well as anyone associated with it including customers. Under the broad category of liability insurance, a business owner may opt for public liability to cover the business against any liability claims from third parties, or product liability to cover the business against liability claims regarding its product (Insurance Quotes Compared, liability subsection). Assets and Revenue Insurance This type of insurance gives the business a wider coverage and protects both business assets including building and contents, machinery, automobile, as well as covering the costs of business interruption or loss of profits (Insurance Quotes Compared, Assets and Revenue subsection). Assets and Revenue insurance can be broken down into the following types of insurance:Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Fire and Perils: that covers the business premises and its contents against the dangers of fire, lightning and storm. The calamities covered in this type of insurance can be either malicious or accidental. Auto Insurance: sometimes referred to as motor insurance covers both own property damage and injury resulting from the use of one’s vehicle as well as third party injury and property damage arising from use of the same. Machinery Breakdown: that covers the business against losses resulting from machinery breakdown, specifically electric motors or boilers that are used in the business. Business Interruption Insurance: that covers the costs of taxes and other utilities during the period the business is temporarily closed down following a calamity. Workers Compensation This is compulsory insurance for every employer in Australia (Pynt, p. 86). It covers costs arising from claims made by employees due to injury, illness or death during the course of duty (Insurance Quotes Compared, people subsection; Insurance Information Institute, par. 2). Professional Indemnity This type of insurance is specifically applicable to businesses in professional services sector of the economy. It covers the business owner against legal claims made by his clients against him because of the losses they incurred as a result of the business owners omissions or errors in his professional advice (Insurance Quotes Compared, As sets and Revenue subsection). Political Risk insurance This type of insurance covers the business against losses that would arise from political perils including riots, revolution and embargo. Tax Audit This type of insurance covers the costs that the business owner would otherwise incur because of response to ATO audit. Reasons behind the choice of business insurance The small business owner in this study holds an Assets and Revenue insurance. This type of insurance covers his business premises and the contents therein as well as costs of running business during business interruption period. Given the fact that his business is located in Australia, a country prone to natural disasters such as fire and storms, his business premises stands a high risk of destruction. Building and assets therein form the backbone of every business, big or small. Should he suffer any loss due to weather calamities, then he is likely to close down his operations given the small size of his business. Bes ides, the cost of running a business after an interruption may be too high for this type of business. Through his business interruption cover, he assured of a relief in the basic costs of running his business, i.e. rent, tax, and utility bills, during the period of business interruption. Therefore, the main reasons for his choice of insurance are two fold: the uncertainty of Australian physical environment, and the possibility of a business interruption following a disaster.Advertising We will write a custom essay sample on Small Business in Australia specifically for you for only $16.05 $11/page Learn More The relationship between business owner’s background and business insurance focus From the consolidated data, it was revealed that the small business owner in this case study is an Asian. There is a high possibility that his ancestry influenced his choice of business insurance. Asia is a region prone to natural calamities including floods and storms. An Asset and Revenue insurance is a necessary insurance cover for every business in Asia to safeguard them against the risks of losses resulting from natural disasters. Most likely, the business owner in the question had this preconception and hence settled for Assets and Revenue insurance to cover his business premises and contents therein as well as costs during business interruption. Yet, liability insurance and professional indemnity would be more applicable to his business given his sector of operation. The relationship between business background and insurance focus The small business owner in this case study specializes in professional services. Considering his type of business, there is no relationship between his business background and insurance focus, no wonder he has never lodged any insurance claim despite being in operation for over ten years. Based on his type of business, he ought to have opted for more appropriate types of insurance like Professional Indemni ty to protect him against any claims that his clients would make regarding errors or omissions in his advice. Works Cited Insurance Information Institute. â€Å"Workers Compensation Insurance.† Insurance Information Institute Inc., 2011. Web. Insurance Quote Compared. Business Insurance. Insurance Quotes Compared, 2009. Web. â€Å"Protecting Your Business.† GIO, n.d. Web. Pynt, Gregory J. Australian Insurance Law: A Fast Reference. Chatswood, N.S.W: LexisNexis Butterworths, 2008. Print.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This essay on Small Business in Australia was written and submitted by user B1-Beast to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

The Decision Making Model essays

The Decision Making Model essays I work in software development, primarily focusing on enterprise java applications and recently I was tasked with designing an application which would give a web front-end to one of our in-house developed tools. The original tool is a fairly large client side application that allows our people to enter and modify data, which is their main function. The primary goal in this project was to create an administrative tool whereby supervisors could create assignments and then give the assignees the ability to log in offsite, complete their work, and submit the data for approval by the supervising editor. We wanted to re-use as much of our existing code as possible which was thankfully not a huge issue due to the component model inherent in the enterprise java bean specification which we had programmed all of our server components to. We applied a decision making model to our analysis, design and coding by first stopping and thinking about what we anticipated we would need to do for this application and writing down our initial thoughts into concise notes. We then began collaborating with our internal team to write a thorough design document about what we all agreed the application would do and the problems it would solve. We clarified our goals and came to have a common expectation. We planned on developing the application in release cycles that revolved around completing certain key features. We would begin by creating the simplest working example of what the application would evolve into and built the rest out from this prototype based on feedback and new knowledge acquired during this phase. We also worked on developing options for the design and integration of existing technology into the new application. There was a lot of existing infrastructure which we could easily make use of to build the ...

3D Printing for Educational Purposes

3D Printing for Educational Purposes 3D Printing for Educational Purposes Can’t Imagine Abstract Things? Just Print Them! 3D printing is a hot topic in education these days, and this ever-developing technology is helping students grasp abstract topics and ideas. From fine arts to math, universities everywhere are using 3D printers in the classroom – and here’s why! 3D Printing – It’s an Art! From Sculpture 101 to culinary school, 3D printers are being used more and more within the arts, and with amazing results. Architecture students can use the printers to recreate their designs, allowing them to examine how their structures will look in the real world and make immediate tweaks and changes to improve their designs. At culinary institutes, students can design new and different cupcake and loaf pans, cookie cutters, and decoration molds, ensuring that they are able to stay at the forefront of food aesthetics. Turning the Abstract into Concrete Math is full of abstract and theoretical ideas that can be challenging for students to grasp. Using 3D printers to visualize and create mathematical concepts, shapes, and curves makes it much easier for students to understand how a theorem or shape actually appears in reality. 3D printers also make it easier for professors to effectively teach these ideas, as they ensure that both audial and visual learners have an equal footing in the classroom. Engineering New Ideas Many engineers pride themselves at being at the forefront of technology and innovation, so it only makes sense to have the latest technology – such as 3D printers – in the classroom. Students can learn from this new manufacturing technology itself, as well as utilize it for their own designs and to solve engineering problems. Using a 3D printer to create prototypes can help students to actually test their engineering skills and to physically see where improvements may be needed. Students can also see how existing parts, such as the various components of a car engine, may be modified – they can then print and test these, thereby creating innovation within the engineering industry through printing! Anatomy (Past Present) in 3D The human body is one of the most complex machines on the planet, and students everywhere – be them freshman biology students or final year medical students – are learning about anatomy through the use of 3D printers. By creating 3D images and cross-sections of organs, nerve systems, and the brain, students have one of the most effective study aids on the planet! In addition to the workings of the human body, 3D printing can also help archaeology students to examine artifacts, skeletal remains, and fossils in greater detail. By printing such artifacts, students are able to physically handle what would normally be ‘hands-off’ materials from museums, exhibitions, and archaeological digs. What were once abstract concepts and 2D pictures or diagrams are suddenly brought to life in the classroom using 3D printers, helping students become better learners and critical thinkers. Whatever you’re majoring in, it’s likely that a 3D printer will be coming to your classroom soon! The advantages it gives to both students and professors make this an important tool for learning across the arts and sciences – hopefully you’ll get to try one out for yourself! Additionally, you can get a custom essay on 3D Printing topic from our essay writing company.

Health Psychology Essay Example | Topics and Well Written Essays - 3000 words

Health Psychology - Essay Example through the use of a certain medium. Communication may be done in a conscious or in a subconscious level and either intentionally or unintentionally. This process requires a vast range of skills such as speaking, observing, questioning, analyzing, and evaluating (Barnlund, 1968). Several models have been made regarding communication. One of these models is the Shannon and Weaver’s model or the Transmission Model of Communication. The following flowchart shows the basic premise of the model and its flow of communication. The information source produces the message and is then encoded into signals for message transmission. The channel is the media through which the message is sent. Through the process of message sending, some noise is present causing the message to be seen differently by the receiver. The receiver decodes the message sent and once it is decoded, it is deemed as having arrived to its final destination (Shannon & Weaver, 1949). In this model, the source or the one who delivers the message encodes the message via a channel which the receiver decodes. This model simply shows that the source communicates about the topic he/she is knowledgeable and his/her message is formed with a specific content, elements, treatment, structure and code. All these are delivered via a channel, which is comprised of the receiver’s sense and are decoded by the receiver (Berlo, 1960). All models of communication try to explain the basic flow and process of communication. In all models of communication, it shows that communicating is a two way process wherein both the sender and the receiver takes part. A physician’s communication skills play a great role in a patient-physician relationship. In fact, good communication has always been important in medical practice and is the keystone for patient-physician relationships. Communication is the main means for physicians to interact with their patients. Certain traits of communication allow trust

Nursing as a Vital Component of Health Delivery System Essay

Nursing as a Vital Component of Health Delivery System - Essay Example The essay "Nursing as a Vital Component of Health Delivery System" talks about the importance of nurses in health and medical area who through personal care, compassion, and positive attitude, provide patients and their families with an inner strength to cope with illnesses and ensure that their health related needs are taken care of with efficiency. Strength based approach of nursing is much better than deficient approach because it has an optimistic outlook towards the sickness. It uses positive features of the patient and carer to help them to cope with the situation through improved understanding and acceptance so that they will use tools that facilitate better care or use tools for self-help, as the case may be. Freely and Gottlieb has asserted that in a strength based approach, the nurse-client relationship is a ‘partnership’ that ensures and honors basic human rights in health care relationships. The most interesting fact is that the approach empowers patients and care to seek ways and means for recovery. The approach is conducive for developing mutual trust and feeling of self worth which helps them to integrate into the mainstream population. The understanding and acceptance of the situation help to create an understanding for the requisite physical and emotional support. The nursing guidelines also assert that ‘building a nurse-family partnership is central to strengthening and supporting families. The emotional and moral support of the family goes a long way to inculcate confidence within the person.

History of Malaysia Airlines

History of Malaysia Airlines Basically, Malaysia Airlines was established from a joint initiative and venture of Imperial Airways and the Ocean Steamship Company of Liverpool, the Straits Steamship of Singapore. This collaboration had piloted to a proposal towards the government of the Colonial Straits Settlement (CSS) to operate an air services between Penang and Singapore as these states are very well-known during that very era. On 12 October 1937, the agreement had result the incorporation of Malayan Airways Limited (MAL) which is also the pioneer company for airlines industry in Malaysia during that particular time. Moreover, MAL had been brought to the skies with its initial commercial flight as the national airline of Malaya on April 1947. Equipped by a well-defined and vibrant team of visionaries, MAL had successfully become a major player in international airlines industry in less than a decade. In addition, after the formation of Malaysia back in the year of 1963, the airline company had altered its name to Malaysian Airlines Limited (MAL) and directly became the first national carrier of the country. Just within 2 decades, MAL had consistently grew from a single aircraft company into a company with more than 2,400 employees and engaged the then newest 6 F27s, Comet IV jet aircraft , 2 Pioneers, 8 DCs and so forth. However, the whole aviation platform in the industry had changed with the separation of Singapore from Malaysia in the year of 1965. With this unfavorable situation, MAL became a bi-national airline and was further renamed as Malaysia-Singapore Airlines (MSA). Furthermore, a new business mission was introduced and the airline developed significantly with new routes to Perth, Taipei, Rome and London. Moreover, in 1973, the partners went separate ways and this had directly led to the formation of Malaysia Airlines (MAS) which served the country till today. Nowadays , Malaysia Airlines flies almost 50,000 passengers daily and cover more than 95 destinations, cover across six continents while operating from its primary hub at Kuala Lumpur International Airport (KLIA), Kuala Lumpur. On top of that, Malaysia Airlines holds an excellence record of service as the company has prouldy received more than 120 for the past 10 years since its establishment. Specifically, the most notable recognitions is the Worlds Best Cabin Crew by Skytrax UK consecutively from 2001 until 2004, Number one for Economy Class Onboard Excellence 2006 and 5-star Airline in 2005 and 2006 as well. This credit will only applied to the other three airlines in the world and Malaysia Airlines was also ranked second among 88 contenders in Aviation Weeks Top Performing Companies, which measures the financial viability of an airline. Type of Business of Organization Initially, Malaysia Airlines (MAS) have it own humble beginning since its incorporation until today. MAS have been well- perceived as the services company due to its nature core of business. Loads of achievements have been experienced by MAS due to its outstanding and remarkable services in the airline Industry. From a small private-owned company since its establishment, MAS had consistently growth to become one of the multinational companies in Airline Industry. This had shown that the services provided to its prospects had been well-accepted and recognized. Moreover, MAS is a public listed company that listed on the stock exchange of Bursa Malaysia under the name Malaysian Airline System Berhad. With the well projected business mission and goals, MAS had owned numbers of subsidiaries namely such as MASkargo, MAS Aerospace Engineering, MAS Academy Sdn. Bhd., MAS Golden Holidays Sdn. Bhd., FlyFirefly Sdn. Bhd., and newly created company MASwings. Malaysia Airlines business environment Basically, MAS is operated on the service-based entity that accommodates its customers with the excellence flying experiences. The services provided are always being reviewed from time to time as to stay relevant to the requirement from the customers. Moreover, the target market for MAS are consists of all the customers from the high-end till the low. This approach had been executed with the introduction of sales promotion via media and the establishment of subsidiaries within its business. Therefore, all customers can enjoy the five star services at the low price whenever they fly with MAS. On top of that, the main competitors for MAS are consisting of low-cost carrier such as Air Asia, Singapore Airlines, Thai Airlines and so forth. Therefore, due to the high numbers of competitors, MAS has continuously introduced its turnaround plan and its marketing strategy as to stay competitive in the Industry. Hence, with the well projected plan and initiatives, MAS has shown a great reputati on and successfully captured the market in South East Asia countries. Company Mission and Objectives Malaysia Airlines Mission To champion the meaning of fly code (Malaysian Hospitality, MH) and provide air travel and transport service that rank among the best in terms of safety, comfort and punctuality. To generate sustainable value for its stakeholders and offer the highest quality of care and services to its customers. To continuously explore innovative ways of doing business and stay relevance to its core and inspiring motto; Go Beyond Expectation. To provide a growth-oriented workplace that recognizes the interests, rights and ideas of its employees as well providing a corporate environment that encourages high integrity and ethical standards; and ensures compliance with all regulations and laws. Malaysia Airlines Objectives The primary objectives of the company were to furnish the people of Malaysia with a proficient and profitable air transport system which would enhance the placing of the country in the world. Moreover, as the Malaysia flag carrier, Malaysia Airlines had played a vital role in contributing to the economic and social integration of the country as a whole. Malaysia Airlines will consistently commit to its planning as to maximize market penetration with a reasonable number of aircraft type and fleet resources. Business Strategies and Success factors

Learning to read Malcolm X Compare and Frederick Douglass and Contrast Essay

Frederick Douglass and Malcolm X both were African Americans who struggled to be successful. Frederick was born a slave for life 1817 he didn’t go to school but wanted to have knowledge. He had a lot of obstacles in his path but the fact he wanted to learn to read and write keep him going though he wanted to give up sometimes. Frederick Douglass also wanted abolish slavery.Malcolm X was born in May 19, 1925 into a family. During his early years his family moved a number of times because of racism. At age 6 his father was murder mysteriously, their home was burned and four of his uncles were murder by white people. His family struggled economically and they were living off public welfare.His mother became ill and he was sent to foster home. At age 13 Malcolm X was charge with delinquency and dropped out of school at age 15. As a teenager later he began wearing flashy clothing and jumped into criminal acts, like doing drugs, gambling and burglary. Age twenty he was sentence to 1 0 years in prison for burglary. In there he began to transform his life.Frederick was against slavery while Malcolm was against racism. They both had a dream to fight for injustice for their people against racism and slavery. Both Frederick and Malcolm taught themselves how to read and write. Frederick Douglass was a slave and it was illegal for slave to have knowledge.He didn’t wanted to be a slave he wanted to be something better, wanted to have knowledge as he saw it as power. He educated himself using various strategies, like learning from the boys on the street by trading bread for knowledge. He would even go to the lumber yard and copied the letter that the carpenter would write on the timber the name of the place it was intended to go.Then later he would meet the boys challenging them that he can write better and they would respond saying â€Å"I don’t believe you† this way Frederick got a good lesson. Malcolm X also taught himself to read and write start ing with whatever knowledge he knew before dropping out of school. After being sentence to prison he began coping words from the dictionary everything on the page down to punctuationand began reading books on history, Philosophy and religion.Reading and writing kept Frederick and Malcolm alive through their struggles in becoming something better. Frederick Douglass and Malcolm X both realize how knowledge was great as they interest in reading and writing grew. Frederic knowledge made him a wiser and smarter man than being a slave like he was, he saw better things ahead with knowledge.the both He wanted to be something better than a slave not just for himself but also for his fellow slaves too. However reading and writing open up a new world for Malcolm X, it was better and different than when he was out on the streets with flashy cloths and committing crimes.Many thoughts had started appearing in his head. The thoughts ofbeing someone better as well, like Frederick, and to fight for his fellow black people too. They both used their knowledge to help fight justice for they fellow people in the exact situation as them that is slave and racism. Frederick Douglass used his own knowledge to write his own pass and escaped and became a public speaker.A brave speaker who spoke out against those who tolerated slavery. and he was able to help abolish slavery. Many doubted that he had been a slave as he was such an impressive public speaker. On the other hand reading changed the course of Malcolm X life forever with a better understanding of many things around such as, racisms around him.He had â€Å"little bit more sensitivity to the deafness, dumbness and blindness that were afflicting the black race† which meant he was able to understood the things that the black race was going through. With his knowledge he became a speaker as well. He became the most visible national spokesman for the black mulisms.anf fought freedom for other from the Christian religion, rac ism and violence against African American. However, one difference with both writers was that Malcolm X had his own organization while Frederick didn’t.Reading and learning about these two authors has inspire me with respect to my own goals by exposing to me and making me understand more how powerful knowledge really is. That knowledge is the key to many things. The more knowledge we gain through reading and writing the more we are able to understand thing in a different and positive way.I honestly never used to like reading but when I was then introduce to a book named â€Å"the walk series† as I was finishing the first series I then realize why Malcolm and Frederic had passion for reading writing I gained form reading and my interest began to grow as well.I can see that both writers had determination regardless of the circumstance/  obstacles in order to achieve what they had wanted. Not only had they had determination but they both also had love and interest for r eading and writing. This reminds me of myself being determine to complete all my homework and assignments on time regardless the obstacles I faced like having long travel hours and chores I had to get done with limited time as my mom wasn’t around at that moment.