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Running head: FINANCES IN BUSINESS MANAGEMENT
1
FINANCES IN BUSINESS MANAGEMENT
4
Finances in Business Management
Joshua Rodgers
Instructor Baskette
Ashford University
SRV 425 Event, Meeting, & Conference Management
09/24/2018
Finances in Business Management
Each business activity requires money from the entrepreneurs or
investors. The sources of finances can be from the credit
institutions, family members, auctioning of business assets,
grants and fundraising. In business, one can use fundraising to
raise some capitals for business management. The processes of
fundraising can very be challenging for business. However,
proper organization and planning will lead to the successful
experience in fundraising. The fundraising process requires
different activities such as setting of goals, brainstorming ideas,
developing the plan, seeking publicity and searching for
sponsors.
Firstly, the setting of goals in preparation for fundraising. The
configuration of goals will be necessary for determining the
amount of money that is required to be raised. Also, in setting
for the time needed for fundraising. The goal also assists in
knowing the costs incurred in the process of fundraising. The
goal should be realistic and achievable. In addition, the goal
will help in developing the timetable for the fundraisers.
Secondly, the brainstorming ideas that will lead to successful
fundraising activity. The process of brainstorming involves
noting down innovative and creative ideas that will be helpful
for fundraising purposes. The designs should be written in the
book for future reference. Thirdly, the plan development for the
fundraising process for business. This involves analyzing
activities according to the ideas has after brainstorming. In the
process of developing the plan identifying the number of
individuals, the time required, and the sacrifice needed to
accomplish the process of raising money. Then, time is required
in order to create a good plan.
Fourthly, seeking publicity for awareness purpose in the
society. After the arrangement of the event activities then next
step is informing people. This will be done by the use of
business fliers on bulletin boards, press release, featuring
stories and use of social media platforms. The lastly, searching
for potential sponsors for the business event. This involves of
writing the names of the potential donors who might have
interests in supporting the fundraising event. Then, the next
step is writing of personal letters in the bid to persuade them to
offer monetary support to the business. Personalized messages
increase the opportunity of winning the hearts of the sponsors.
There are several risks associated with the fundraising event.
Firstly, lack of clarity in writing fundraising proposals, In the
process of writing personalized letters one can omit essential
points that can persuade the donors. The points can be the dates
of the event, the quotation of the amount of money required,
and unclear strategies. Secondly, unknowingly disrespecting
donors you need to attend the event of fundraising. This can be
caused by texting the donors late in the nights or alerting them
repeatedly. Therefore, contacting them during working hours is
encouraged to avoid disrespecting them. Thirdly, poor
developing events activities for fundraising. The plans well
poorly develop they are likely to affect the process of
fundraising negatively. The activities
The event of fundraising can be successful when the risk
management plan is factored in the activities. The risk
management includes understanding the risks, selecting the type
of the event, and getting insured. Firstly, select the form of the
event by determining. This is done by knowing whether to use
the existing or your own in raising funds. Besides, the can not
hinder the process of interacting with the potential donors. In
the case the event is planned by individuals therefor all the
necessary strategies must be clear. Secondly, understanding the
risks associated with the fundraising event. This involves
identifying the risks associated with the event. The business has
to trust his or her team in the process of planning for activities.
Thirdly, getting insured, the business should have an insurance
policy for both the employer’s liability and public liability
insurance. The insurance policy will cater for the expenses
related to accidents or illness of the individuals during the
events day.
References
Fundraising. (2015), The Financing of Small Business.
doi:10.4324/9780203269602_chapter_10
Grassby, R. (n.d.). Funding and risk. The Business Community
of Seventeenth-century England, 82-107.
doi:10.1017/cbo9780511605581.006
EDCI 338
Module 3 – Privacy, Etiquette and Ethics in Social Media
A quick thank you to Dr. Nicholas Zaparyniuk for the content of
this course. ”Dr. Zap” is the creator of this version of this
course.
PRIVACY
Assume NOTHING is private on social media (privacy settings
on any device should not be considered truly “private”)
Assume that anything you post online is there forever
Make sure you don’t plagarize or use copyrighted material
Your social media presence is a reflection of who you are…
everything from political or religious opinions down to your
grammar is being judged online…
Don’t misguide or lie, it will always come back to get you in
the end.
OPEN SOURCE INTELLIGENCE
Your information on social media is considered
“Open Source Intelligence”
If it’s on the web and in a network its available for ANYONE to
see!
This can affect your ability to get work, your credibility or
reputation
This is historical information about your online activity
This is a reason why stolen identity is a major problem!
PHISHING (Protect your identity)
People, pages, places, check-ins, friends, tags, objects,
locations and times.
Can search details eg. Places that friends have been,
relationship status, favourite foods, friends of friends.
PROTECT YOURSELF!
Turn off the GPS on your photos, where you live, posting about
your kids, property, valuables etc.
Make sure that kids or other vulnerable people know how to
protect themselves online.
CONCEAL YOUR IDENTITY
Identity: Create user accounts with a fake name (try
www.fakenamegenerator.com!)
User accounts/email: have a dummy email not connected to you,
your work.
Almost Anonymous
Computer : VPN – Virtual Private Networks – hide your IP
address
Web browser: Firefox & Chrome plugins (Private) etc.
Phone: prepaid cell phone, Burner App, Hushed App etc.
Money: Prepaid credit cards, cryptocurrencies.
ETIQUETTE
Etiquette: a code of behaviour that delineates expectations for
social behaviour according to conventional social norms within
a society, social class or a group.
Ethics: or moral philosophy is the branch of philosophy that
involves systemizing, defending, and recommending concepts of
right and wrong conduct.
Source: https://www.pinterest.com/jacotilion/manners-and-
etiquette
Running Head: EVENT MANAGEMENT BUSINESS
EVENT MANAGEMENT BUSINESS
2
Event Management Business
Joshua Rodgers
Instructor Baskette
Ashford University
SRV 425 Event, Meeting, & Conference Management
Corporate Events Facilitation Business
One of the most important factors that an entrepreneur needs to
consider when starting any business is the market; a business
opportunity will be of no value if there are no consumers for the
goods and services being offered by the business. According to
my study in the business sector of the economy, I have noted
that large companies and small businesses have embraced
corporate events for their organizations and prefer it to normal
employees and stakeholders’ meetings in the premises (Getz &
Page, 2016). This is the reason why I have some passion and
want to start a corporate event facilitation business, a company
which will be planning, organizing and presiding over various
businesses corporate events all over the country for a start the
stretch to cross border operations.
Our company will be working with the various business
organizations to help them plan for the events to ensure
everything works out smoothly, organize the venue and make it
set for the particular event and make sure it gets to the
expectations of the clients. The business will be dealing mainly
with business organization events, so we will employ some
professional facilitators who are well knowledgeable on the
business and economic matters to run these events (Macias,
Rau, & Stouraitis, 2016). The client in this case the business
organization which has the event will give us their program and
then we will do the budgeting and planning and review the
program with the business before the D-day to ensure that their
expectation is met. For any business to succeed in its
operations, the customers’ needs should be given the first
priority and ensure that they are satisfied, we will also come up
with a system of getting the customers feedback so that we can
get to know the areas we are not performing well according to
the customers’ opinions so that we can improve on them.
Anyone who starts a business company normally have that
dream of making some good profit and grow financially and
economically by serving the customers the right way. The main
reason why am interested in starting this company is because of
the opportunity that I have seen in the market, corporate events
businesses are working quite well for those few companies who
have invested in that area of the economy, so I also want to be a
partaker of the benefits (Lloyd & Dicken, 2018). The other
reason is that I have personal interest in events organizations
and specifically ones that have to do with business; it opens the
understanding of an individual and make him or her think
differently on the economic issues.
References
Getz, D., & Page, S. (2016). Event studies: Theory, research
and policy for planned events. Routledge.
Macias, A. J., Rau, P. R., & Stouraitis, A. (2016). An analysis
of the characteristics of firms conducting corporate events
inside and outside waves.
Lloyd, P. E., & Dicken, P. (2018). The components of change in
metropolitan areas: events in their corporate context. In The
urban and regional transformation of Britain (pp. 51-70).
Routledge.

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Running head FINANCES IN BUSINESS MANAGEMENT .docx

  • 1. Running head: FINANCES IN BUSINESS MANAGEMENT 1 FINANCES IN BUSINESS MANAGEMENT 4 Finances in Business Management Joshua Rodgers Instructor Baskette Ashford University SRV 425 Event, Meeting, & Conference Management 09/24/2018 Finances in Business Management Each business activity requires money from the entrepreneurs or investors. The sources of finances can be from the credit institutions, family members, auctioning of business assets, grants and fundraising. In business, one can use fundraising to raise some capitals for business management. The processes of fundraising can very be challenging for business. However, proper organization and planning will lead to the successful experience in fundraising. The fundraising process requires different activities such as setting of goals, brainstorming ideas, developing the plan, seeking publicity and searching for sponsors. Firstly, the setting of goals in preparation for fundraising. The configuration of goals will be necessary for determining the amount of money that is required to be raised. Also, in setting for the time needed for fundraising. The goal also assists in knowing the costs incurred in the process of fundraising. The goal should be realistic and achievable. In addition, the goal will help in developing the timetable for the fundraisers.
  • 2. Secondly, the brainstorming ideas that will lead to successful fundraising activity. The process of brainstorming involves noting down innovative and creative ideas that will be helpful for fundraising purposes. The designs should be written in the book for future reference. Thirdly, the plan development for the fundraising process for business. This involves analyzing activities according to the ideas has after brainstorming. In the process of developing the plan identifying the number of individuals, the time required, and the sacrifice needed to accomplish the process of raising money. Then, time is required in order to create a good plan. Fourthly, seeking publicity for awareness purpose in the society. After the arrangement of the event activities then next step is informing people. This will be done by the use of business fliers on bulletin boards, press release, featuring stories and use of social media platforms. The lastly, searching for potential sponsors for the business event. This involves of writing the names of the potential donors who might have interests in supporting the fundraising event. Then, the next step is writing of personal letters in the bid to persuade them to offer monetary support to the business. Personalized messages increase the opportunity of winning the hearts of the sponsors. There are several risks associated with the fundraising event. Firstly, lack of clarity in writing fundraising proposals, In the process of writing personalized letters one can omit essential points that can persuade the donors. The points can be the dates of the event, the quotation of the amount of money required, and unclear strategies. Secondly, unknowingly disrespecting donors you need to attend the event of fundraising. This can be caused by texting the donors late in the nights or alerting them repeatedly. Therefore, contacting them during working hours is encouraged to avoid disrespecting them. Thirdly, poor developing events activities for fundraising. The plans well poorly develop they are likely to affect the process of
  • 3. fundraising negatively. The activities The event of fundraising can be successful when the risk management plan is factored in the activities. The risk management includes understanding the risks, selecting the type of the event, and getting insured. Firstly, select the form of the event by determining. This is done by knowing whether to use the existing or your own in raising funds. Besides, the can not hinder the process of interacting with the potential donors. In the case the event is planned by individuals therefor all the necessary strategies must be clear. Secondly, understanding the risks associated with the fundraising event. This involves identifying the risks associated with the event. The business has to trust his or her team in the process of planning for activities. Thirdly, getting insured, the business should have an insurance policy for both the employer’s liability and public liability insurance. The insurance policy will cater for the expenses related to accidents or illness of the individuals during the events day. References Fundraising. (2015), The Financing of Small Business. doi:10.4324/9780203269602_chapter_10 Grassby, R. (n.d.). Funding and risk. The Business Community of Seventeenth-century England, 82-107. doi:10.1017/cbo9780511605581.006 EDCI 338 Module 3 – Privacy, Etiquette and Ethics in Social Media A quick thank you to Dr. Nicholas Zaparyniuk for the content of
  • 4. this course. ”Dr. Zap” is the creator of this version of this course. PRIVACY Assume NOTHING is private on social media (privacy settings on any device should not be considered truly “private”) Assume that anything you post online is there forever Make sure you don’t plagarize or use copyrighted material Your social media presence is a reflection of who you are… everything from political or religious opinions down to your
  • 5. grammar is being judged online… Don’t misguide or lie, it will always come back to get you in the end. OPEN SOURCE INTELLIGENCE Your information on social media is considered “Open Source Intelligence” If it’s on the web and in a network its available for ANYONE to see! This can affect your ability to get work, your credibility or reputation This is historical information about your online activity This is a reason why stolen identity is a major problem! PHISHING (Protect your identity)
  • 6. People, pages, places, check-ins, friends, tags, objects, locations and times. Can search details eg. Places that friends have been, relationship status, favourite foods, friends of friends. PROTECT YOURSELF! Turn off the GPS on your photos, where you live, posting about your kids, property, valuables etc. Make sure that kids or other vulnerable people know how to protect themselves online. CONCEAL YOUR IDENTITY Identity: Create user accounts with a fake name (try www.fakenamegenerator.com!) User accounts/email: have a dummy email not connected to you, your work. Almost Anonymous Computer : VPN – Virtual Private Networks – hide your IP address Web browser: Firefox & Chrome plugins (Private) etc. Phone: prepaid cell phone, Burner App, Hushed App etc. Money: Prepaid credit cards, cryptocurrencies. ETIQUETTE Etiquette: a code of behaviour that delineates expectations for
  • 7. social behaviour according to conventional social norms within a society, social class or a group. Ethics: or moral philosophy is the branch of philosophy that involves systemizing, defending, and recommending concepts of right and wrong conduct. Source: https://www.pinterest.com/jacotilion/manners-and- etiquette Running Head: EVENT MANAGEMENT BUSINESS EVENT MANAGEMENT BUSINESS 2 Event Management Business Joshua Rodgers Instructor Baskette Ashford University SRV 425 Event, Meeting, & Conference Management Corporate Events Facilitation Business One of the most important factors that an entrepreneur needs to consider when starting any business is the market; a business opportunity will be of no value if there are no consumers for the goods and services being offered by the business. According to my study in the business sector of the economy, I have noted that large companies and small businesses have embraced corporate events for their organizations and prefer it to normal employees and stakeholders’ meetings in the premises (Getz & Page, 2016). This is the reason why I have some passion and
  • 8. want to start a corporate event facilitation business, a company which will be planning, organizing and presiding over various businesses corporate events all over the country for a start the stretch to cross border operations. Our company will be working with the various business organizations to help them plan for the events to ensure everything works out smoothly, organize the venue and make it set for the particular event and make sure it gets to the expectations of the clients. The business will be dealing mainly with business organization events, so we will employ some professional facilitators who are well knowledgeable on the business and economic matters to run these events (Macias, Rau, & Stouraitis, 2016). The client in this case the business organization which has the event will give us their program and then we will do the budgeting and planning and review the program with the business before the D-day to ensure that their expectation is met. For any business to succeed in its operations, the customers’ needs should be given the first priority and ensure that they are satisfied, we will also come up with a system of getting the customers feedback so that we can get to know the areas we are not performing well according to the customers’ opinions so that we can improve on them. Anyone who starts a business company normally have that dream of making some good profit and grow financially and economically by serving the customers the right way. The main reason why am interested in starting this company is because of the opportunity that I have seen in the market, corporate events businesses are working quite well for those few companies who have invested in that area of the economy, so I also want to be a partaker of the benefits (Lloyd & Dicken, 2018). The other reason is that I have personal interest in events organizations and specifically ones that have to do with business; it opens the understanding of an individual and make him or her think differently on the economic issues.
  • 9. References Getz, D., & Page, S. (2016). Event studies: Theory, research and policy for planned events. Routledge. Macias, A. J., Rau, P. R., & Stouraitis, A. (2016). An analysis of the characteristics of firms conducting corporate events inside and outside waves. Lloyd, P. E., & Dicken, P. (2018). The components of change in metropolitan areas: events in their corporate context. In The urban and regional transformation of Britain (pp. 51-70). Routledge.