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Major: Bussines administration
Assignment 1: Understanding the Ethics of My Major (10%)
Introduction:
Many people in their life have to plan his/her in future in order to have a perfect life in which everyone attempted to. Each career has a specific way of ethics. According to Wikipedia web site ethics can be defined moral philosophy, is a branch of philosophy that addresses questions about morality that is, concepts such as good and evil, right and wrong, virtue and vice, justice, etc. (1). .Some positive ethics at work place, attitude, organization, teamwork, confidence, loyalty….etc. Without these ethics employers will perform their work with unpleasant manner. This paper presented to concentrate on the ethical behavior, understanding the ethics of Bussines administration and the ethical issues in bussines.
Ethical behaviors:
Ethics is an important part of an organization’s like your image and your performance of each employee job. In order to be successful in any part in career, you have to behave with an ethical manner. Some ethical behavior in the work place which are positive attitude, dependability, punctuality, accuracy, loyalty, organization, appearance, sense of teamwork, Confidentiality and Responsibility. Firstly, positive attitude which reflects on employers outcome. As an example if you are working as a cashier in a market and your manner are good, you will attract more customers and get their attention by the politeness the way you communicate and the opposite is the same. Dependability which means the quality of being dependable or reliable for example it leads the manager to delegate a great project to a dependable employee. Punctuality is the quality of being prompt, precise, or exact for instant delivering the order to the customer on time. Accuracy is the state of being free of mistakes as sending a statistical report to the manager with truthful data. Loyalty is faithfulness or a devotion to a person or cause as when an employee takes a pay cut to save the company. Organization is the quality of being organized as keeping your work environment (office desk) clean and organized. Appearance is outward or visible aspect of a person or thing which can be consider the first factor affect the first impression for example attending a meeting with formal dress. Sense of teamwork is the cooperation done by a team. A good team that shares a unified goals and objectives such as a football team that play with a team spirit to win a shared game. Confidentiality is the state of being secret which can be an important behavior for a good physician who keeps his patients secrets and privacy. Responsibility is the state of being responsible, accountable, or answerable such as being responsible for any harm results of a certain decision (2).
Importance of Ethics in Bussines administration:
Bussines ethics is the behavior that a business adheres to in its daily dealings with the world the ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer(1) Bussines ethics should be obtain for its importunacy and should make it every part of bussines life.
Ethical issues in bussines:
Any bussines man will face ethical issues in his/her career such as not negotiating with the team or
working in a project individually will corrupt a bad conclusion and relationships with clients and consultants. This is just few of ethical issues in bussines
Conclusion:
This paper sited out to address the ethics in general and bussines ethics particularly. Bussines ethics is the field of applied ethics which examines and sets standards for bussines men obligations to the public, their clients, employers and the profession. Many ethical behaviors must be a part of the bussines work such as accuracy and sense of teamwork. In addition, he has to be flexible and adaptable to any issues and changes he will face during his every day job.

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What Things Do I Need To Know About When Opening Up A Vintage Clothing Boutique?


Hi everyone,
This may be long winded but I need as much advice AS POSSIBLE.
I am about 2 months away from finishing uni for good. I studied fine arts (photography major) but have done a number of other things since finishing school, including fashion design and styling (my favourite). I LOVE vintage shopping and always have and have been told I have a good eye for those types of things. I feel like I could own a vintage store and where I live in Sydney there is a very popular area that doesn’t have a vintage clothing shop, therefore I feel there is a niche/gap for one that stocks womens and mens items. I’m 22 years old, and I think I could do it.
The main idea is this: open a vintage boutique, for men and womens clothing and accessories. It would be really nicely setup, have a range of cheaper but GOOD quality items as well as vintage designer stuff (like dior, chanel etc) and would be more like a boutique in that it doesn’t have rack upon rack of clothes that people have to thumb through (as this would be exactly the same as someone going to vinnies or salvation army). I’m wanting to eliminate the searching for good stuff and have all the good quality stuff there for the customer. Also I would have a few one off pieces of my own label.
So I’ve researched the heck out of this and this is what I’ve got so far:
– Business plan
– Budget (for the things that I can immediately think of)
– Cash flow projection
– Business name
– Tons of info
– Positive attitude (but trying to make myself aware of risks as well)
The things I’m wanting to know about, especially with a start up business, is:
– How can i get financing from a bank/lender in Australia where there is no collatoral needed to back up the loan? My parents wouldn’t be able to take out a second mortgage and I would definitely need a loan. I’m thinking between AU$30-50k.
– How much is an accountant and a solicitor and how much would I need to use them etc?
– How much to pay myself to begin with
– How much to pay an employee (as I would have to be out sourcing vintage clothes about 3 days a week)
– How do I pay tax, how often, and how much?
– Should I speak to someone who has done a similar job and knows what is involved, like a business planner or something like that?
– How much would a basic shop fit out cost, as I’d like a lot of the furnishings to be vintage, not all new metallic racks etc.
How much would I be looking at budgeting to get a nice website? How much extra to put an online store on there?
– CAN I DO IT ALONE?
I do not think I’d have trouble maintaining the stock for the store, but I don’t have any accounting experience so would not really know how to keep on top of those sorts of things, like filing everything, knowing which expense goes where, paying staff etc.
Also, any insurance, rent, accounting, legal, TAX, advice that anyone can give me would be AMAZING.
I am a very determined person and feel as though I could do this really well but as I have obviously never owned a business before I need to know exactly what I would be getting myself into.
If anyone has any FIRST HAND experience in opening a store and things that are unexpected costs, I’d like to hear from you, whether your business is successful or failed, any advice is welcome!
Please only serious answers.
Thanks in advance.

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