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Final 1 presentation.pptx

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Final 1 presentation.pptx

  1. 1. Business community
  2. 2. What is a business community? • The business community is a group of individuals in charge of managing firms. Such as; producing, purchasing, and dispensing goods and services. • There are three common business types: sole proprietorship, partnership, and corporation.
  3. 3. What is the biggest issue facing the business community members in the UAE? • Lack of funds and cash flow is the problem that affects business community members in the UAE most frequently. • A lack of capital is an issue for single proprietorships which can cause a business to collapse, cease operating, and lose motivation
  4. 4. What are the reasons of the lack of funding problem in business? • losing charge of the money • Lack of preparation and strategy • weak leadership • low earnings
  5. 5. What is Losing control of the finances in business community and it solutions • Losing control of the finances means when a company person stops directing his money in the right direction and stops caring about his income. Solutions are: • Determine the root of the issue • Change Budgeting Methods • designation for a knowledgeable, smart accountant • Watch Your Company's Cash Flow
  6. 6. What is Bad planning and a lack of strategy in business community and its solutions • Poor planning results in a lack of a fixed schedule for the team members to follow. Solutions are: • Concentrate on the Customer Rather Than Yourself. • Engage a Multidisciplinary Team and Hold Them Accountable All Year. • Make certain that each and every team member believes in the vision and objectives for the growth of your business. • Clear your aims.
  7. 7. What is weak leadership in business community and its solutions • A bad leader concentrates only on finishing the task at hand rather than using it as an opportunity to help their team members gain new knowledge and abilities. Solutions are: • Establish your role clearly. Make sure you are fully aware of your team's and your own responsibilities as well as your limitations. • Be genuine. ... • Find assistance. ... • Utilize criticism to your advantage.
  8. 8. What is low profit in business community and its solutions
  9. 9. Which businesses experienced financial failure? • Toys R us: Among the most recognizable television commercials, On February 28, 2018, Toys R Us Limited filed for bankruptcy after accruing £15 million in unpaid taxes. The business stated that inadequate planning is the primary cause of these taxes. Kmart: In 2002, when the company was experiencing a financial crisis, then-Chairman Charles Conaway and President Mark Schwartz pulled an Enron (I told you it would become popular) and mislead the company's shareholders and officials about the situation. Instead, they pocketed the money for their own gain. This occurred because no strategy was followed. Compaq: Once upon a time, Compaq dominated the PC system market; however, that was back in the 1990s. When Eckhard Pfeiffer took over as CEO in 1991, he bought Tandem and DEC and turned his attention away from the customers and markets that had brought Compaq such success. As Compaq attempted— and failed—to move their products upmarket and expand their reach, their rivals began to rule their original market. This is the result of the owner's desire in wanting to increase his income, which gave other businesses a chance to succeed.
  10. 10. What is the initial solution of the lack of capital issue in the UAE? • in the UAE governments should also encourage commercial banks to lend money to small and medium- sized businesses by improving the climate in which banks can invest. Governments should promote small businesses and persuade investors to do the same, which can be a solution. • managing capital by obtaining bank loans while employing a plan to avoid going into debt.
  11. 11. 3 LOs • #Professionalism: Since professionalism is crucial and helps to enhance the presentation, I put a lot of emphasis on it. So what did I do? I concentrated on communicating in a clear manner to ensure that the audience would understand; I presented my work in a professional manner; I explained all the slides and the information in a clear manner; I also used rhetorical appeals; I gave clear examples; I submitted on time; and I made sure that the video was three minutes long. • #Organization: I arranged my slides based on the outline i created, making sure to concentrate on the problem and its causes, offer a clear introduction to the subject, and add my references at the end. • #Composition: I convey my message in a clear and effective manner that was suitable for the target audience. I use the right words I write and talk clearly, honestly, and simply; avoid stiff language, passive voice, complicated structure, and imprecision. To fit the relevant information into my communication seamlessly, I employed paraphrasing and summarizing.
  12. 12. References: • Kanya, K. (2022, November 23). Business financial crisis: 5 steps to overcoming it: Hashmicro. BusinessTech. Retrieved December 9, 2022, from https://www.hashmicro.com/blog/overcoming-financial-crisis-in-business/ • Morgan, K. (2018, August 15). Five common causes of business failure. London & Zurich. Retrieved December 9, 2022, from https://www.londonandzurich.co.uk/five- common-causes-of-business-failure/ • Jacob, A. (2018, February 12). The top 10 causes of poor cash flow & how to fix them. The Top 10 Causes of Poor Cash Flow & How To Fix Them. Retrieved December 9, 2022, from https://www.ordermentum.com/blog/the-top-causes-of-poor-cash-flow-and- how-to-fix-them • Fam, Hubschmid, Watkins, H. F. S. (2022, November 3). How can access to Capital Impact Small Businesses? Markaaz. Retrieved November 27, 2022 from https://markaaz.com/how-can-access-to-capital-impact-small-businesses/ • Forster and Kahan, P. and R. (n.d.). What is capital in business? (plus types of capital). Retrieved November 26, 2022, from https://www.indeed.com/careeradvice/career- development/what-is-capital-in-business • 10 businesses that failed due to poor management. e. (n.d.). Retrieved December 9, 2022, from https://www.e-careers.com/connected/10-business-that-failed-due-to-poor-management • Desjardins, J. (2019, March 11). Why do businesses fail? Visual Capitalist. Retrieved December 9, 2022, from https://www.visualcapitalist.com/why-do-businesses-fail/

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