Discussion of the Palids Investment Solution current state of my finances
The sustainability of a corporation depends on the inflow of funds, and one of the key methods that a business might begin its endeavors is through the public offering of shares. The corporation is struggling with a lack of cash flows in its current situation. There are several reliable ways to obtain cash flows, but they are limited to either internal or external financing. The formation of capital is the opposite of the income generation that occurs when shares are floated on public exchanges donor funds and loan requests. However, through an evaluation, it is determined that source of funding is best through a long-term solution which entails either borrowing a loan or sourcing for donor funds (Monteiro & Birkinshaw, 2017).
Problem Statement
Currently, there lacks the skill set necessary to aid the company to source for the cash flow. There also requires a thorough assessment of the business situation to determine the best solution the current situation on cash inflow. As evaluated, there are two possible outcomes to the answer, and they include the processing of information from both frontiers (external and internal) to determine the best option. To do this it necessitates an analysis from the financial department to evaluate which options are best suited for the company with the need to retain publicity and good relations with the clients as well as the employees (A. E. Parmigiani & Rivera-Santos, 2014).
From within
The best option would be to source funding by floating the shares to the public. It is regarded as the most accessible manner of gaining more capital. However, it possesses a long-term limitation. The idea of increasing negative publicity, as a result, endangers this option since the company already has two legal cases pending. As such, it will elevate the bad publicity the company already possesses. Consequentially, there is only another option, actually, two possibilities. The external sourcing of funds can either be done through long-term loans or sourcing of funds through donors (A. Parmigiani & Rivera-Santos, 2015).
The first options
are feasible though not optional for the company. Hence, sourcing of funds from the donors is the only option to this as it will require more restructuring and resuscitation of funds with minimal publicity (Chikaire, Anaeto, Emerhirhi, & Orusha, 2017). The possibilities were communicated through a financial memo from the previous week. Through the note, it is evaluated and concluded that the sourcing of funds from donors is the only feasible option (Lewis, 2015). However, the obstacle to this is that the company has tried this process but failed. The only explanation to this is that there lacks a propensity in skill set to enable the company to attain this new and necessary objective.
Therefore, the solution proposed
is an extensive course offered at Harvard University. The course is based on leadership Development in Business Writing. Since the objective requires original writing to the donors to convince them of the need to finance the business, the solution will be to attend such a course facilitate the controller on the best ways to write a proposal. Regardless of the opportunity, the course requires fees worth $20,000 which are inclusive of meals and transport for the attendees.
Significance of the Course
The course will enable the controller to gather as much skillset needed to write-up a donor request form and letter with the full details of the company in the most professional and convincing format. To achieve this the course will facilitate the gain of the necessary skills required to achieve the goal. As such, the course is divided into segments of two. The first half will involve a session on Requesting for Funds through Persuasive Communication. It is an area of communication that the company optimally requires to save the financial situation of the company. The course in itself will cover on how to write memos and negotiate with donors or potential financiers.
The merits that the course presents
to the company include the assistance of the company in securing investment funds to rekindle cash flow status. Additional advantages include aid in the mentoring of staff for prospects on leadership positions within the business as well as the increased interaction within the firm's icon which will aid in the development of attendee's learning process regarding current business market situations. Further, the course will enable the interaction with other similar business and gurus within the market industry which will help the attendee network for the company with the potential creation of new clients as a marketing strategy.
Therefore, it is of importance
that the Controller within the business attend the forum as it will not only profit the company, but it will aid its employees in gathering the necessary skills through passive education for sourcing funds. It is hoped that this will be a first of many in increasing the skillset that the employees require in gathering more information about the sourcing of resources for future reference.
Data Collection
To carry out the study of the course, I will use case study analysis. I intend on using information gathered within the class through interviewing of panelists and reviewing the report at the end of the course. The data shall be analyzed and evaluated for relevance and presented in the form of data such as graphs and charts as well as detailed information on the course objectives.
Significance of the Course Findings
The conclusions to be made throughout the course will be presented in a report. The report will help gather as much information as needed for the firm to gain a foothold on ways to increase donors trust, respect, and their funding. It will also help the administrators as well as the employers in gaining an understanding of what outsourcing of skill set aids the company both in the short term and long term. Additionally, the time spent during the course will assist in work performance as well as improve my skill set as the Controller within the business. It will include some of the benefits of the course which entail International Standards of Auditing and International Financial Reporting Standards. It will help in the advancement of skills in book-keeping and internal controls as well as keeping records on payrolls.
It is, therefore, my humble request
that the business should sponsor me to attend the business course for the merit of the company. Thank you for your time and please feel free to contact me via email at [email protected] or call my office at (972) 355-1506.
References
Chikaire, J. U., Anaeto, F. C., Emerhirhi, E., & Orusha, J. O. (2017). EFFECTS OF USE OF INFORMATION AND COMMUNICATION TECHNOLOGIES (ICTS) ON FARMERS’AGRICULTURAL PRACTICES AND WELFARE IN ORLU AGRICULTURAL ZONE OF IMO STATE, NIGERIA. UDS International Journal of Development, 4(1), 92–104.
Lewis, C. (2015). Establishing a Local Content Fund: The Experience of Funding Universal Access and Service.
Monteiro, F., & Birkinshaw, J. (2017). The external knowledge sourcing process in multinational corporations. Strategic Management Journal, 38(2), 342–362.
Parmigiani, A. E., & Rivera-Santos, M. (2014). Sourcing for the Base of the Pyramid: Constructing Supply Chains to Address Voids in Subsistence Markets.
Parmigiani, A., & Rivera-Santos, M. (2015). Sourcing for the base of the pyramid: Constructing supply chains to address voids in subsistence markets. Journal of Operations Management, 33, 60–70.
