Essays on Self-Employment

Introduction

In this essay, I purpose to develop an analysis on the forecasted return on my education and the expected future job. The paper has two main parts. First, I will discuss why I decided to pursue Finance including the costs and interest on my education loan. Second, I will analyze my research on the expected job and the predicted payback time.

My parents wanted me to pursue an education in Computer Science, but I choose Finance because of several reasons. First, I have a passion for accounting and learning how businesses such banks and insurance firms work. When I ...

Term Paper

Term Paper Higher mortgage rates: the 30-year mortgage fix is likely to come to end with the result of increase in the mortgage rates. With the higher rate, analysts saying that it is manageable, as the housing clients (buyers) will have several techniques to mitigate some of the risks (Barker, 2004). However, with higher rates in place, the monthly payments will tend to increase rapidly in with increase to debt-to-income ratios. Secondly, there is the trend of higher rents. As reported, rents are going up at a rate that is greater than the prices of homes. Since most of ...

There are a number of theories that support the reason why people choose to enter self-employment, even in a culture where a huge number of companies and organizations offer employment to the mass population. According to the disadvantage theory, minorities who are being excluded from the labor market activity are actually forced into looking for substitute employment. At times when there is less to be expected from the labor economy, people would have to choose between unemployment and having low wages. These are the vulnerable workers who seek self-employment due to increased rate of unemployment and some augmented business ...

Most of the culture-related problems facing 3rd world countries rely on traditional methods of production such include the participation rate of men and women. Women are not very active in the labor force. There are beliefs that women should not participate in particular jobs thus lowering the number of viable employees (Jiang 190). Education and skills necessary is also a major challenge as far as culture is concerned. Education is a basic necessity to any human. In most of these third-world countries, illiteracy levels are very high, and this mostly has been contributed by bad culture. People from these ...

Most families today are dual-earner, as many women have entered the workforce, either because of financial needs, or because of their wish to pursue a career and to be financially independent. While the gender gap is closing on the labour market, at home, the patriarchal ideology is reaffirmed by means of the division of household chores. Whereas men had to assume a share of the household chores, in most families, women continue to perform most of the chores which have been traditionally assigned to them. The purpose of this paper is to analyse how the current gender division of ...

The second case is about a single mom, Sarah. She is an independent woman who works as a house-cleaner for a living. Sarah has a 16-years old son who lives with her. She has provided more than half of the cost to keep up her home. Therefore, I chose the head of household for her. Since she gets her salary in cash, Sarah did not have any withheld base on her income. Tax Wise generated a SCHEDULE C-EZ (Net Profit from Business) and SCHEDULE SE (Self-Employment Tax) and charged her about $800 of self-employment tax. This was where all ...

Abstract

This study focuses on how education and the level of unemployment are related. In our daily activities, education has proved to be inevitable. Most of the knowledge acquired by people comes as a result of having education. Education is known to solve many problems in the world. That is one of the major reasons why it is treasured as a basic commodity in our daily activities. Education may be in two forms: formal and informal. These two types are distinct since they involve different methods of teaching. Formal education may involve going to modern schools in order to attain quality education. ...

You Are an Entrepreneur

You Are an Entrepreneur The formation of a new business is the easiest task in any business. However, to expand that business and making it profitable is the main concern for the business owners with limited resources. In the current financial circumstances all over the world, it is becoming difficult for the small or medium size business to raise finance via share issue or debt. The main reason behind this difficulty is that the investors are losing the faith in the sustainability and the going concern issues of smaller and new businesses. Therefore, in these circumstances, it is very ...

Introduction

Homelessness is characterized by people who lack or have limited access to reasonably priced, secure and safe housing. One common characteristic of the homeless people is the financial struggle that they are faced with. The people do not live a personal and private life due to the lack of privacy. According to the Australian Government, Housing department, “Homelessness also means a lack of connectedness with community. Often, people who are homeless do not have the opportunity to join in community life and activities and they can experience profound isolation and disengagement” (4). The homeless live in various areas depending on ...

Introduction

The first limited liability company (LLC) in the United States was established in Wyoming in 1977, and the next one was established in Florida in 1982; but it wasn’t until 1996 that the National Conference of Commissioners on Uniform State Laws adopted the Uniform Limited Liability Company Act (ULLCA) (Uniform Law Commission, 2012). A LLC is a flexible type of hybrid business ownership that combines the limited liability of a corporation with the tax benefits of a partnership. LLC’s are owned by members, not partners or shareholders, and may be composed of any number individuals, corporations, other LLC’s, ...

CVP and break even analysis

Introduction

Entrepreneurs utilize cost volume profit analysis (CVP) to identify levels of business activities essential in limiting loses emanating from lack of adequate monitoring and evaluation of business performance. As such, CVP offers a viable option for use to give a reflection of the estimates amounting as variable costs. Also known as break even analysis, it specifically gives an overview of how profits fluctuate due to variation in sales price, fixed costs, variable costs and quantity off products or services.

Start-up costs $60, 000 to 184,000

Fixed operating expenses $4000 per month Lease equipment $2000 Break-even 300 members a) According to the Cost-volume-profit (CVP) analysis, ...

Abstract

Hunan province is one of the largest provinces of china. It is a province endowed with many mineral resources. This region is characterized by intense Industrial activities. The Hunan province is plagued with several socioeconomic problems. These problems include pollution, unemployment, power shortages, health issues and drug abuse among others. The government of Hunan has put forward strategies and measures to counter these socioeconomic problems. The government has established ways of helping peasant workers to acquire employment. Laws and regulations are also put in place to deal with pollution and drug abuse. Hunan government has expanded the power production capacity ...