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The essay is to be 3 pages with three to five sources, with in-text citations and a reference page.

There must also exist a spacious business room to house the franchise, and finally, the equipment must be available.

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My chosen corporation is the Canadian Broadcasting Corporation. the profile of the company indicates that its head office is at Ottawa, Ontario. The company is managed and run by the Board of directors, which includes the President and the twelve directors and appointed by the GIC for a five-year term and may be removed at any time by the same IGC. President is the full time while the chairperson operates part-time. The updated salaries for the Executives as at 2014 indicates the chairperson is to be earning between $565-$665, Project Manager $77,708, System analyst $62,511 and TV Director $78,118. The total amount of stock for the corporation is about $1,849 million.

Budgeting is spending less than what you have planned on both the long and the short terms. A basic of budgeting requires an individual to know his/her income to determine the expenses that they may incur every month (Needles, Powers & Crosson, 2011). A basic of budgeting also requires an individual to calculate the difference to determine surplus or deficit before developing up a budget.

My strategic plan includes starting up an income generating business that will sustain family members. I have several strategic plans ahead of me, just to mention some of them. I want to continue with my education until I grow old, I am also planning of coming up with programs within my society that will help create jobs for the jobless youth within my area.

My tactical plans includes coming with ideas of how I will start my income generating business, where I will get the finances to start up the business, I am also thinking of what methods I will use to ensure the continuity of my education (Needles, Powers & Crosson, 2011).

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