How to Write a Good Business Plan

How to Write a Good Business Plan WHAT IS A BUSINESS PLAN A business plan is a 30-40 pages long description of how you want to build your company. In the business plan you want to explain what customers you want to target via which marketing channels, what makes you different from competitors, who the management team is, how you are going to make a profit, and what the milestones are for achieving your business plan. So, in a nutshell a good business plan follows the following story.WHY, WHEN AND FOR WHOMWHYWhy make the effort and writing 30-40 pages when you could focus on product development or sales? There are several reasons why with some business models you should only write an abbreviated version of a business plan (we will cover this in another post).INTERNAL REASONSGenerally, while writing a business plan you and your co-founders will think through your business model in-depth. By doing this you will increase the probability to find business model breakers (= factors that will lead your current model fail), s o you can find ways to adjust your business model.The second reason is that when you write a business plan, you set yourself a guideline which to follow. This will increase your focus and get things done mentality as you target your milestones.EXTERNAL REASONSAnother reason for writing a business plan is that most of investors (especially  venture capitalist and banks)  will ask for a business plan  before they will make an investment decision.WHENMost people start working on a rough business plan too late. We recommend that you write a business plan when you have a good business idea. It is totally fine to have a first business plan covering the key business model drivers and milestones you want to achieve on 3-5 pages. Once you learn what customers really want and how to profit then you increase the detail of your business plan (e.g. start with rough marketing assumptions and later distinguish between marketing channels, customer segments, products and regions). Now, you might nee d some funding because you are not profitable yet or because you want to finance a larger expansion (more products, more countries). For this, you will need to write a very detailed business plan which will be the basis for investors to make their decision to invest in your business or not. This fully fledged business plan is what we are talking about in this article.FOR WHOMThe external purpose of the business plan is mainly to receive funding (equity or debt), thus the potential addressees of the business plan can be:Equity investors like business angels and venture capitalistsDebt investors like banksIt is important to frame the information in the business plan to the needs and investment profile of the investors. For pitching equity investors you should focus on the disruptive factors and upside potential of your business while for debt investors you should clearly state the risks and position yourself as a risk minimizer (I mean, your business has no risk it cannot handle, hasn t it ?? ).ELEMENTS OF A BUSINESS PLAN There are tons of articles and books on how to write a good business plan, but still I get a lot of questions on how to write a business plan effectively. © Shutterstock.com | T. L. FurrerIn this article Ill show you (1) what a business plan is, (2) why, when and for whom to write the business plan, and (3) the elements of a good business plan.WHAT IS A BUSINESS PLAN A business plan is a 30-40 pages long description of how you want to build your company. In the business plan you want to explain what customers you want to target via which marketing channels, what makes you different from competitors, who the management team is, how you are going to make a profit, and what the milestones are for achieving your business plan. So, in a nutshell a good business plan follows the following story.WHY, WHEN AND FOR WHOMWHYWhy make the effort and writing 30-40 pages when you could focus on product development or sales? There are several reasons why with some business models you should only write an abbreviated version of a business plan (we will cover this in another post).INTERNAL REASONSGenerally, while writing a business plan you and your co -founders will think through your business model in-depth. By doing this you will increase the probability to find business model breakers (= factors that will lead your current model fail), so you can find ways to adjust your business model.The second reason is that when you write a business plan, you set yourself a guideline which to follow. This will increase your focus and get things done mentality as you target your milestones.EXTERNAL REASONSAnother reason for writing a business plan is that most of investors (especially  venture capitalist and banks)  will ask for a business plan  before they will make an investment decision.WHENMost people start working on a rough business plan too late. We recommend that you write a business plan when you have a good business idea. It is totally fine to have a first business plan covering the key business model drivers and milestones you want to achieve on 3-5 pages. Once you learn what customers really want and how to profit then you incre ase the detail of your business plan (e.g. start with rough marketing assumptions and later distinguish between marketing channels, customer segments, products and regions). Now, you might need some funding because you are not profitable yet or because you want to finance a larger expansion (more products, more countries). For this, you will need to write a very detailed business plan which will be the basis for investors to make their decision to invest in your business or not. This fully fledged business plan is what we are talking about in this article.FOR WHOMThe external purpose of the business plan is mainly to receive funding (equity or debt), thus the potential addressees of the business plan can be:Equity investors like business angels and venture capitalistsDebt investors like banksIt is important to frame the information in the business plan to the needs and investment profile of the investors. For pitching equity investors you should focus on the disruptive factors and u pside potential of your business while for debt investors you should clearly state the risks and position yourself as a risk minimizer (I mean, your business has no risk it cannot handle, hasnt it ?? ).ELEMENTS OF A BUSINESS PLANThere is no perfect blueprint for a good business plan, but the following elements are definitely part of a good business plan. When you write your business plan you should focus on quality (facts, crisp, simple English), not quantity. As a starting point you can use this or that free business plan template.This means youll have to be very specific about your business model, because investors get hundreds of business plans every month, so make sure your business plan stands out from the crowd. We recommend, you ask your friends and family for input on how to improve your business plan. After each investor meeting, use their feedback for sharpending your pitch and business plan. A good quality business plan will increase your chances of getting funded.1 EXECU TIVE SUMMARYThe executive summary should summarize the main messages from the whole business plan, while the further elements of the business plan should provide the supporting facts for these messages. The executive summary typically is 1-2 pages long.2 MANAGEMENTIn this section you describe the management team and other key people attached to your business (e.g. board of directors, key employees). A potential is mostly interested in what specific industry expertise, technical skills and business network you have in order to drive the business growth. One key skill, I find most people overlook, is that management should master the skill of allocating capital in the most efficient way.Furthermore, you should show that your team is complementary meaning that the management team should have different backgrounds; this helps in making hard decisions as the whole team sees the problem from different perspectives.3 PROBLEM, MARKET, AND COMPETITORSPROBLEMFirst, you need to specify what pr oblem you would like to solve with your business. Be as specific as possible. The more precise you describe the problem, the better your solution will be and thereby you will increase your chances of success.Bad example: People have cancer.Good example: People have cancer and I know why. I found the biological reason for the existence of cancer in chromosome 0815 which is driven by malnutrition in the early childhood mainly caused by visiting McDonalds too often [I totally made this up, I dont have a biology background ?? ]MARKETThen, you need to estimate the current and future market size for solving this problem either via market research reports or a back on the envelope calculation.COMPETITORSLastly, what competitors are out there and how do they tackle this problem? A lost of people think, they dont have competitors. Let me assure you, you have competitors. Either you have competitors that offer a similar product or at least you will competitors who try to solve the customer pr oblem in another way.Example: Imagine you want to sell a super new type of juice which nobody sells. Cool, you dont have competitors! WRONG! Every company that sells any type of drinks (e.g. water, juice, tea, coffee) is competing for satisfying the thirst and taste of customers.Show the investors in your business plan how you will position your business in comparison to the competition.4 PRODUCTHere you describe how your product or service solves the problem. Make sure you describe why your product or service solves the problem in a more effective or efficient way, so you will have a value proposition over competitors.Your business plan should also specify the customer benefits of your product (making something faster, cheaper, more reliable, more effective, more beautiful). This discussion will later help you to pitch your product to potential customers.Briefly explain how you source and produce the product and how this might translate into a competitive advantage. If you have any sourcing or production related partnerships, then state them here. This might also indicate some traction.5 MARKETING AND SALESYou have your product defined and why customers should buy your product.Now, you need to show which advertising and sales channels you want to use for approaching potential customers. You need to show which channels have the lowest customer acquisition cost, amount of customers and product perferences of customers.Generally, you can advertize your product via these advertising channels:Offline marketing; using guerilla marketing techniques,  advertising on public transport, radio and television advertising.Print advertising; putting your advertising on newspapers or magazinesSearch engine marketing, you bid for key words on google, bing and yahoo.Display advertising; you buy ad impressions of larger websites, so that customers can click through to your website.Search engine optimization; your website gets visitors from google co. by ranking high for specif ic key words (e.g. business plan, greatest entrepreneur ever, startups)Retargeting; you try to retarget visitors that have visited your website by showing them specific ads on selected other websites.Paid social media; you advertize your product on Facebook, Twitter, Linkedin and co.Furthermore, your business plan should state whether you already have some signed marketing or sales partnerships. One technique, I like a lot, is the piggy back. When you have developed a specific product and you can piggy back on a larger distributor to sell your product to thousands of people. Example: If you have developed an amazing web application for entreprise resource planning, then it might make sense to talk to companies like Cisco or HP for promoting your product by having a revenue share agreement with the distributor.6 FINANCIAL PLANAt least one member of your management team should understand the basics of accounting  so you can build a decent financial plan.The financial plan should at le ast include a historical and forecasted income statement so that investors get a feeling for the revenue forecast, margin forecast, and overhead forecast. If you are awesome ?? , then build an integrated financial model that interlinks the income statement, balance sheet and cash flow statement.Next, you should show investors why your business is a good investment. Basically, an investor will assess the risk and return of investing in your business relative to other investment opportunities he might have. I recommend, you help the investor by calculating the IRR fo your business and identifying the mayor business model risks and measures how you tackle those risks.Lastly, the investor wants to know how much funding you need and for what (e.g. marketing, HR, product development, having a party ?? ) you plan to spend it.7 ROADMAP AND MILESTONESIf you dont know where you wanna go, then your chances of getting there are quite low! Therefore, you should specify what actions you want to p erform and what objectives you want to achieve over a specific period of time; this is called a milestones plan.The milestones plan should be categorized by business segments such as product development, marketing, HR, and finance and include the funding need for each milestone.We will look at business plans in more detail in future posts. This article should give you a good introduction what a business plan is and what things you need to consider for writing a good business plan.

Adult Literacy and Community Development Essay - 1724 Words

My vision in my work with VOC this year is to explore the intersection of adult literacy and community development. Through research, I hope to learn more about the connection between research and practice in writing for adult learners; through working with a community based organization I hope to deepen my knowledge and understanding of the impact and challenges of working in a literacy program and how this translates into overall goals of improving livelihoods and building a stronger community. Throughout the semester, I have realized more potential for realizing my goals in my work and I have worked on different components of my vision. Asset mapping is one of the highlights form this semester. Bergdall (2003) defines asset-based†¦show more content†¦This exercise allowed me to reflect on my values, how they have shifted and solidified and to predict the kind of learning experiences I hope for as I work and live in organizations. Looking back, the concept of understanding the individual level has become more critical. Micro and macro asset mapping has allowed me to see myself as an essential element of the whole hence my contributions matter. Furthermore, understanding my assets, skills and learning goals in my work as a community fellow allows me to trace my progress, set benchmarks and reassess my goals and vision. Illich (1968) brings the local/global dichotomy to the forefront. I resonate with his frustration, passion and anger on this issue but I see this conversation boiling down to the conversation about being an outsider and doing community development work. The speech builds on Bergdall’s conversation about being an outsider and Illich takes it on a more international level. I always question my intentions and my interactions on working in community development especially in a community that is not necessarily my own. I believe that regardless of geographic location or affiliation with communities, social issues on today’s world deserve our attention; this call to action for global citizens transcends boundaries and difference. Respect for difference is the key to some of the challenges with workingShow MoreRelatedCollaboration Between The Illinois Community College Board And The Division Of Humans Capital Development1622 Words   |  7 Pagesthe collaboration between the Illinois Community College Board and the Division of Humans capital development to improve adult literacy in the State of Illinois. In 2008, the two agencies entered an agreement with the aim of improving the literacy levels in the State and the objective of the agreement was to improve social literacy among the adults (Charles Horwarth, 2009). The project was to be implemented under the guardianship of the Illinois community College Board (ICCB) that has the responsibilityRead MoreThe Necessities For Living Are Basic Food, Water, And Shelter1115 Words   |  5 Pageseducation is an important factor in living a healthy, safe, and successful life. In America, many adults still lack the ability to read and understand the world around them because they are not literate, and it doesn’t just affect the individual. The affects are passed down to the children, the communities, and finally it is passed to society as a whole. As the world changes, so does the definition of literacy. In the past, to be considered literate was a basic understanding of reading, and writing. InRead MoreCenter for Literacy905 Words   |  4 Pages1 Overview Literacy is important in our everyday lives. According to the Center for Literacy in the United States of America, â€Å"Literacy is a complex set of abilities needed to understand and use symbols and systems of a culture – alphabets, numbers, and visual icons – for personal and community development†. â€Å"The nature of these abilities, and the demand for them, vary from one context to another. These skills are clearly being found necessary in our everyday lives† (Center For Literacy, 2012). SeveralRead MoreLiteracy Connections Adult And Family Literacy Program1494 Words   |  6 PagesLiteracy Connections Adult and Family Literacy program has been helping adults learn to read and write, and function independently for the past 40 years. We also offer ESL classes to the growing immigrant community. We do this by recruiting and training volunteers to provide one-to-one and small group tutoring that is student-centered. We work with the lowest literacy lev el adults in Dutchess, Columbia, and Greene Counties. By following a student-centered and individualized learning approach, weRead MoreWhy Voter Education Is Important1187 Words   |  5 PagesAdult education From Wikipedia, the free encyclopedia Jump to: navigation, search Adult Education is also the title of a song by Hall amp; Oates. | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (May 2011) | | This article includes a list of references, related reading or external links, but its sources remain unclear becauseRead MoreEssay on Impact of Health Literacy on Health1193 Words   |  5 Pages Health literacy is defined as The degree to which individuals have the capacity to obtain, process, and understand basic health information and services needed to make appropriate health decisions (Michael K. Paasche-Orlow, 2010), the word Health literacy first appeared in 1974 in a paper which calls for â€Å"education standards for all grade school levels in USA† (Carolyn Speros, 2004) . Some recent works suggest that there is a relation between literacy, low health and premature deaths (ChristinaRead MoreThe Negative Impacts of Illiteracy1171 Words   |  5 Pagestake literacy for granted, but for those who are denied this basic skill, some of life’s most essential necessities become unattainable. The United Nations defines illiteracy as the inability to read and write a simple message in any language. Traditionally, literacy has commonly been defined as the ability to read and write at an adequate level of proficiency that is necessary for communication. More recently however, literacy has obtained several meanings, such as technological literacy, mathematicalRead MoreHow Paso A Paso Is A Community Education Center Located Of San Antonio Aguas Calientes, Guatemala1159 Words   |  5 PagesDescription Paso a Paso is a community education center located in San Antonio Aguas Calientes, Guatemala. Founded in 2010, we began by providing after school programs for a dozen children in the home of one of our teachers. Today, we work with dozens of households on a daily basis provided an array of services. We are developing our new ‘Learn and Earn’ Program to focus on increasing financial literacy and providing training and tools to enhance entrepreneurial efforts in the community. The program will involveRead MoreThe Alternative Learning System1623 Words   |  7 PagesEducation (DepEd). This means that all Filipinos have a constitutional right to basic education, and the DepEd is mandated to provide this service to all Filipinos. In the 80’s, the global community launched a campaign called Education for All (EFA) that aimed to eradicate illiteracy and promote functional literacy for all people of the world. Our nation was a signatory to this and as such, committed to providing education for all Filipinos ALTERNATIVE LEARNING SYSTEM → is a parallel learning systemRead MoreEducation Is The Root And Foundation Of A Person s Growth Essay1572 Words   |  7 PagesIndigenous People of Mindanao in the Philippines called the Lumad. According to DepEd (n.d), 48% of the population in the Philippines did not finish basic education and these are the street children, farmers, indigenous people, and others. The functional literacy, education, and mass media survey last 2013 indicates that 4 million children are out of school from ages 6 to 24 years old. Ages 6 to 14 years old are out- of- school children who are not able to attending classes and people with ages 15 to 24 years

The Decline of Self Essays - 2956 Words

The Decline of Self The Tenth Edition of Merriam Websters Collegiate Dictionary has this to say on the subject of self: self n., pl selves 1 a: the entire person of an individual b: the realization or embodiment of an abstraction 2 a (1): an individuals typical character or behavior (2): an individuals temporary behaviour or character b: a person in prime condition 3: the union of elements (as body, emotions, thoughts, and sensations) that constitute the individuality and identity of a person 4: personal interest or advantage 5: material that is part of an individual organism. The French existentialist writer Jean-Paul Sartre has this to say on the subject of self: In the state I was in, if someone had come and told me I†¦show more content†¦I think it would not be unfair to assert that almost all human beings -- especially those who lived when existentialism was as yet an unknown philosophical mode, and thus lacked the benefit of being able to consider its proponents arguments -- lay claim to knowledge, to possession, of their own selves. Indeed, to most rational humans, such would seem utterly natural and closed to debate. Our self is who we are, and if someone asks us, Who are you?, do we not say I am Michael or I am Christine, and know precisely what we mean by that? We have lived for our entire lives with our selves, we have experienced all the events that shape them. Do we not, one might say, define, by virtue of our very existence, what our selves are? Renà © Descartes, the famous seventeenth-century French rationalist, employed a self-authorizing philosophy that relied heavily on the assumption that it was possible to know critical information about the core of who we are. But what then am I?, he asked himself, responding with A thing that thinks. He continues to outline some of the other knowledge about himself that comes along with this realization. Clearly, in Descartes time, it is not unusual for one to think of the self as being within ones understanding. Yet even Descartes breaks with previous philosophic tradition, to a degree, in this respect.Show MoreRelatedThe James Irvine Foundation : An Impressive Self Assessment On Diversity, And, After The Decline Of Minority1155 Words   |  5 Pagescolleges in California to support diversity, and, after the decline of minority student enrollment in the late 1990s on some campuses, the foundation began to ask more about how the recipients of the grants dealt with diversity. The recipient colleges were asked to examine their history and data regarding diversity at their institution and identify their strengths and weaknesses. The results of this inquiry saw some schools provide an impressive self-assessment with focus on key issues and development ofRead MoreThe Cultural And Socio Economic Context1457 Words   |  6 Pagesprolong cognitive decline. For example, living a healthy lifestyle with complete dietary requirements is crucial in prolonging decline (Haboubi 2010). Studies have investi gated physiological benefits of physical exercise in cognitive ageing. One research conducted by Yaffe, Barnes, Nevitt, Lui and Covinsky (2001), (as cited in Williams Kemper, 2010) found a significant correlation between walking more and being less likely to demonstrate cognitive decline 6 years on. The concept of self-fulfilling prophecyRead MoreImpact That Librarians And Libraries Have On The Decline Of Reading And Library Services1559 Words   |  7 Pages TO READ OR NOT TO READ: THE IMPACT THAT LIBRARIANS AND LIBRARIES HAVE ON THE DECLINE IN READING AND LIBRARY SERVICES AS CHILDREN GROW UP By: Jessie A. Abraham Wayne State University â€Æ' LITERATURE REVIEW The research question â€Å"what impact can librarians and libraries have on the decline in older children and teen use of library services and recreational reading† can be broken down to discuss several subtopics. This literature review examines peer-reviewed background material toRead MoreThe Physical State Of Reverend Dimmesdale1243 Words   |  5 PagesDimmesdale replies that â€Å"the daylight of this world shall not see our meeting† (Hawthorne 139). In other words the daylight and consequently the people of Boston will not see the reverend publically confess his sin. Dimmesdale’s mental health decline relates to the decline of Tiger Woods’ golf performance which fell apart after his cheating scandal. Unlike Dimmesdale, Tiger issued a public apology in which he admits his deep sorrow for is adulterous actions. Subsequently Woods’ golf game and mental healthRead MoreIndividuals Benefit From The Structure Of Work Such As1631 Words   |  7 P agesIndividuals benefit from the structure of work such as through social contact, collective purpose, status, and activity (Machin Creed, 2003). However, unemployed individuals lack those benefits and are more susceptible to a decline in mental health, leading to a deprivation state and distress (Belle Bullock, 2009). Gregory C. Murphy and James A. Athanasou, professors of the Health Sciences and Educational department in the Latrobe University, Australia report that job loss is correlated to aRead MoreEssay On Reflection On Ethics1128 Words   |  5 Pagesabout Alice’s confidentiality and boundaries with the family. Dolgoff’s General Decision Making Model: 1. Identify the problem The practitioner should focus mostly on disagreeing values related to the client’s privacy and worth, the parents’ right to self-determination, the social worker’s obligation to client well-being, and ethical standards associated with informed consent and the dual relationship. 2. Determine who should be involved. Those most likely to be involved include the client (with respectRead MoreStuck With Low Self Esteem759 Words   |  4 PagesBaker PSCH 100 20 February 2017 Stuck with Low Self-Esteem? The concept of self esteem is widespread in life. When it comes to academics and extracurricular actives people associate high self esteem is necessary for success. Society makes promoting self esteem an important goal. With that in mind, it is surprising that only recently scientific literature began providing insight into the nature of development of self esteem. Self esteem is how an individual evaluates their worth asRead MoreElder Self Neglect And Social Justice1668 Words   |  7 Pages Elder Self Neglect and Social Justice Nicole Monson Submitted to Instructor Terry Lee, MSN, RN, BC, in partial fulfillment of NR410 Introduction to the Profession of Nursing Regis University January 29, 2017 Introduction Self-neglect in the elderly is an important public health issue. It occurs more frequently than any other form of abuse or neglect and is expected to become even more prevalent as baby boomers retire and government appointed resources for the elderly decreaseRead MoreCommon Forms Of Collective Behavior1511 Words   |  7 PagesInstrument made by the Government denying Belizeans from going to the sarstoon. The members of COLA and the BTV are also protesting this law. Two other types of movements are self-help movements and religious movements. As their name implies, self-help movements involve people trying to improve aspects of their personal lives; examples of self-help groups include Alcoholics Anonymous and Weight Watchers. Religious movements aim to reinforce religious beliefs among their members and to convert other peopleRead MoreThe Decline Of The Roman Empire1020 Words   |  5 Pages Emperor reforms, outside invasions and financial weakness ultimately caused the decline of the Roman Empire in the West, because each of these events chipped away at the center and the longevity of the Roman Empire from 180 AD to the early fifth century. After the death of the last of the five good emperors, Marcus Aurelius in 180 AD, the Roman Empire began to form into a military monarchy, which was not based on prior lineage but loyalty to the army. The familial aspects of choosing the next emperor

Analyse the humour and comedy of Act 1 in Much Ado About Nothing Free Essays

With the play, Much Ado About Nothing comedy is generated through numerous ways within its structure, language and form. Conflict and battles of wit between characters in the play create humorous scenes, which are typically intelligently crafted in order to create hilarity. In addition, the utilisation of over exaggerated language and sarcastic remarks, with metaphors and puns spawn comedy. We will write a custom essay sample on Analyse the humour and comedy of Act 1 in Much Ado About Nothing or any similar topic only for you Order Now The obvious, comical scenes within Act 1 are created with the two protagonists Beatrice and Benedict. The role of women in society in the time period was to be quiet and have little power however; Beatrice goes against society’s unspoken rules and contradicts social conformity by being witty and clever with smart remarks so therefore goes against expectations. Due to her continuous conflict with Benedict, she generates comedy in the form of satirising physical features and aspects of his personality. Beatrice speaks arrogantly and aggressively towards Benedict, which further goes against conformity. This is clearly shown through the way she condemns Benedict, portraying him as a ‘disease’ named the ‘Benedict’ that is easier caught that ‘pestilence’. This implies that Benedict is no more than an infection that is easier to catch than the plague, which will spread if you become to friendly with him. The utilisation of these words is humorou s due to the fact she always wants the upper hand in the competition of wit, outsmarting the notorious Benedict. Additionally, the role of Benedict is important in generating the comedy within Act 1. Benedict is a proud and vain individual, who satisfies himself with sarcasm and is the entertainer in the book very much like Beatrice. This contradiction in personality helps to generate comedy, as both individuals battle to seek smart remarks to give themselves satisfaction. However, what they both don’t seem to realise is that they both have equal power and wit. This is evidently presented when Benedict states that Beatrice is a ‘parrot teacher’. This is comical as Benedict personifies Beatrice to be a parrot that is typically renowned for their repetitive nature, in repeating whatever someone Sais. Furthermore, comedy is caused through sexual references and sexual comedy. This is signified when Beatrice refers to Benedict as ‘Signor Mountanto’ at the start of scene 1 act 1. This phrase is a common fencing term or fencing thrust however it can mean two things. The idea that he is a flashy swordsman or this could be a connection of Benedict’s penis thrusting into an enemy soldier, so therefore there is an association of aggressive sex. Beatrice is clearly commenting on his sexual prowess, as being a womaniser. We find this amusing as Beatrice is once again going against social conformity, speaking of sexual matters with men involved. Due to the fact he has sexual prowess, the imagery of him thrusting his penis is quite obscure but comical as it infers homosexuality. Additionally, Leonato uses less explicit sexual references within Act 1 to generate comedy. This is expressed when he says ‘ her mother hath many times told me so’ in the context that he jokingly doubts Hero as his daughter. This connotes that status of women in the Victorian society, as he makes a joke at his wife’s expense to generate comedy. The idea tat women are passed around in this context is comical. Furthermore, the theme of marriage is a theme that spawns conflict and comedy. Benedict disgusts anyone’s approach to marriage and emphasises that he ‘will die a bachelor’, however the comedy is generated when Claudio expresses his love for Leonato’s daughter, Hero. This is demonstrated when Benedict states that she is ‘to low for a high praise, too brown for a fair praise and too little for a great place’, which creates comedy. This is comical as Benedict over complicates Hero as a wife for Claudio analytically pulling out all the negatives within her. The fact that Benedict is devoted to the idea he will die to be superior o a bachelor, allows his character to pick the fun out of anyone who has fallen into the trap if love and marriage. Pleasure and merrymaking is projected through the banter and conflict between Beatrice and Benedict within the first act this is clear when Leonato states there is a ‘skirmish of wit between them’, which clearly emphasises the fact that there battle for wit is obviously noticeable in order to get the upper hand. The reason for enjoying this humour is because of the fact that they want to be superior over one another. In conclusion, we can infer that there are numerous attributes that contribute to the humour and comedy of Act 1 in Much Ado About Nothing. However, the most noticeable element is the battle of wit between Beatrice and Benedict. The utilisation of satirical comedy and overly exaggerated sarcasm along with puns emphasises the fact the reason for their conflict is the recognition and gratitude they will feel. Undoubtedly, there are several other contributing factors like the sexual references from the male characters, which could be thought to be slightly sexist and inappropriate in todays society but the cheek involved in delivery the lines makes it comical. How to cite Analyse the humour and comedy of Act 1 in Much Ado About Nothing, Papers

ICT Project Management and Methodology

Question: Discuss about the ICT Project Management and Methodology. Answer: Project methodology and its role in project management According to Kerzner (2013), a project is defined as a planned set of interrelated tasks that is used to accomplish a common goal over a fixed period and within certain cost and other limitations. However, these projects have to be managed throughout their life cycle from initiation stage to the closing state. Thus, according to Schwalbe (2015) project methodologies are used to manage these projects through the application of knowledge, skills, tools, and techniquesin order to meet theprojectrequirements and are considered as a guiding process for project managers. Image1: Project Life Cycle (Source: Kerzner 2013) A project methodology is a model that is used for design, planning, implementation and achievement of their project objectives. Burke (2013) depicts that selection of an appropriate methodology will benefit the project to accept and resolve the evolved risk with high proficiency. Moreover, Tomanek and Juricek (2015) portrays that project methodologies provide strategic benefits, tactical benefits and operational benefits to the project. Strategic benefits signify the ability to assess the risks that large projects encompass and apply relevant strategies to overcome those risks. Tactical benefits resemble the situation to evaluate the validity of status assessments and ensure early recognition and correction of the risk for a project; whereas, operational benefits allows a project manager to deliver cost-effective, schedule-compressed solutions by empowering the team members to accomplish the project in a correct way (Cooke, 2016). PRINCE2 and Agile project methodology Compare and Contrast Image2: PRINCE2 project methodology for project development cycle (Source: Cooke, 2016) PRINCE2 concentrates on controlling the delivery of products and not emphasize on the quality of the project while agile project methodology provides a flexible approach for building the projects with required quality for every phase of the project life cycle. Moreover, Tomanek and Juricek (2015) portrays that the PRINCE2 is a project methodology for designing a project and Agile is the development tools for making the software better. Image3: Agile project methodology for project development cycle (Source: Thiemich and Puhlmann, 2013) Thiemich and Puhlmann (2013) illustrated that Agile project methodology focuses on collaboration for developing software along with the client and this is done by defining and prioritizing requirements, developing, evaluating and considering feedback from customers for every cycle of iterations. On the other hand, PRINCE2 defines the interface between the project and skilled team members project manager, team manager and project board. Similarities and differences PRINCE2 and Agile project methodology that is used for developing software for accomplishing certain business objective or purpose. These project methodologies have the similarity to provide significant flexibility and speed that result in increased customer satisfaction, effective cost control, improved communication and efficient decision-making (Antunes et al., 2015). PRINCE2 project methodology Agile project methodology Principle The business case for the project has to be present during the life cycle of the project. Revisiting of the project owner for assessing the backlog of the project Learning aspect The development of software using PRINCE2 needs previous experience of the project manager. The entire project is developed in modules and after accomplishments of each module; the team members revised the sprint for making it better (Antunes et al., 2015). Documentation PRINCE2 is documented in product based planning and focussed on products and their quality The team member notes the project requirements and criteria and these criteria are used for developing projects whose quality will be judged on the quality of each sprint. Requirement Change The project have to be tightly controlled The project does not have to be tightly schedule and can be changed according to the client's requirements at any time. Scope PRINCE2 accurately predicts the project requirements and the future demands Agile methodology is used for formulating perfect software to capture as much as efficiency in giving time and budget. Used techniques PRINCE2 uses business case; change control, quality review and product based planning (Tomanek Juricek, 2015). The agile methodology uses Timeboxing, prototyping, agile modeling, prioritize requirement list and MoSCoW prioritization (Cooke, 2016). Table 1: Difference between PRINCE2 and Agile project methodology (Source: Created by Author) Relation of PRINCE2 and Agile project methodology with project life cycle (PLC) Saad et al. (2014) portrays that PRINCE2 (PRojects IN Controlled Environments) offers guidelines, recommendations, and processes for planning the formulation of the software. PRINCE2 helps the project managers to reach project goals with an optimal use of resources. During the project life cycle, PRINCE2 helps the formulation of the software manage by stages and majorly emphasizes on three processes of the project life cycle- "initiating a project", "managing a stage boundary", and "starting up a project". In project life cycle, there are four stages- initiation, planning, execution/monitoring and termination of a project. Agile project methodology provides flexibility to make changes in the module of a software development and the testing of each module can be integrated from initiation point to termination point at the end of developing the entire software (Thiemich Puhlmann, 2013). This methodology also emphasizes more on the regular communicationapproach with the customers so that they can evaluate whether all their criteria will be fulfilled or not. Reference List Antunes, B., Santos, D., Lopes, E., Fidalgo, F., Alves, P. (2015). Blisstrail: An Agile Project Business Case Study.Procedia Computer Science,64, 529-536. Burke, R. (2013). Project management: planning and control techniques.New Jersey, USA. Cooke, J. L. (2016). PRINCE2 Agile. Kerzner, H. R. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Saad, S., Ibrahim, A., Asma, O., Khan, M. S., Akhter, J. (2014). PRINCE2 MEthodology: AN INNovAtIvE WAy foR IMPRovINg PERfoRMANCE of MAlAysIAN AutoMotIvE INdustRy.The Journal of Technology Management and Technopreneurship (JTMT),1(1). Schwalbe, K. (2015).Information technology project management. Cengage Learning. Thiemich, C., Puhlmann, F. (2013). An agile BPM project methodology. InBusiness Process Management(pp. 291-306). Springer Berlin Heidelberg. Tomanek, M., Juricek, J. (2015). Project risk management model based on PRINCE2 and SCRUM frameworks.arXiv preprint arXiv:1502.03595.

What are Savings Bonds Essay Example For Students

What are Savings Bonds? Essay The United States established savings bonds, known then as warbonds, in 1941 to help to pay for the huge expenses it incurred duringWorld War II. Today, savings bonds still help keep the government wheelsrunning smoothly. Savings bonds are a debt instrument of the U.S. Government, issued as savings certificates to individual investors in smallamounts. Savings bond certificates bear face value denominations rangingfrom $50 to $10,000. Since they are backed by the full faith and credit ofthe Federal Government, savings bonds are among the safest investmentspeople can find. The U.S. Government is unlikely to default; and even if you lose yoursavings bond certificate, the Government will often replace it, especiallyif you can provide such information as the serial number, issuance date,address and Social Security number of the owner. Another major advantageof savings bonds is that they are an accessible investment for almostanyone, since you can buy savings bonds in amounts as low as $25. Forinstance, you can buy a $50 Series EE bond for $25, and at maturity you canredeem it for $50. As a result, savings bonds still make good gifts forchildren planning to attend a college or technical school. That is not all. We will write a custom essay on What are Savings Bonds? specifically for you for only $16.38 $13.9/page Order now Savings bonds have at least two more advantages. They can provide a taxshelter; for instance, you would not pay income tax on the earnings ofSeries EE bonds until you redeemed the bonds. In addition, savings bondsare easy to acquire from a variety of resources. Besides being extremelyeasy to acquire, a savings bond offers another attractive purchasingfeature: no sellers fees. Unlike stock purchases, there are no fees orcommissions that add to the purchase price. Where do you buy Savings bonds? Savings bonds are sometimes availablethrough a payroll deduction plan at work. Also you could purchase them at avariety of government offices and financial institutions: Banks, CreditUnions, Federal Reserve banks and branches by phone or mail only (TheFederal Reserve no longer provides a walk-in service), and the Bureau ofPublic Debt. Anyone who bought or received a savings bond before 1980, they owned aSeries E or Series H savings bond. That year, Series EE and Series HH bondsreplaced the original series. The two current series offer a differentmaturity and interest rate. In 1998, the U.S. Government introducedinflation-indexed Series I bonds. The U.S. Government issues Series EEbonds at one-half their face value, which ranges from $50 to $10,000. Atmaturity, you can redeem the bonds at their face value. You may buy up to aface value maximum of $30,000 in Series EE bonds annually. Series EE bondsearn interest for 30 years. Series HH bonds earn interest for 20 years. You can acquire Series HH bonds only through an exchange of your Series Eor Series EE bonds. A minimum acquisition is $500. Other denominationsissued are $1,000, $5,000, and $10,000. Unlike Series EE bonds, youpurchase Series HH bonds at their full face value and thereafter receiveregular interest payments. Series I bonds also are sold at their full facevalue, beginning with a minimum denomination of $50. Other denominationsare $75, $100, $200, $500, $1,000, $5,000, and $10,000. Like Series EEbonds, you receive the interest earned when you cash the bond. I bonds earninterest for 30 years. The current rate on Series EE bonds is 2.61 percent interest, throughApril 2004. New interest rates are announced twice a year and take effectMay 1 and November 1. If held for five years, Series EE bonds pay 90percent of the six-month average yield on five-year Treasury securities. .ud426471c29406fc0d60859ebbb46e015 , .ud426471c29406fc0d60859ebbb46e015 .postImageUrl , .ud426471c29406fc0d60859ebbb46e015 .centered-text-area { min-height: 80px; position: relative; } .ud426471c29406fc0d60859ebbb46e015 , .ud426471c29406fc0d60859ebbb46e015:hover , .ud426471c29406fc0d60859ebbb46e015:visited , .ud426471c29406fc0d60859ebbb46e015:active { border:0!important; } .ud426471c29406fc0d60859ebbb46e015 .clearfix:after { content: ""; display: table; clear: both; } .ud426471c29406fc0d60859ebbb46e015 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud426471c29406fc0d60859ebbb46e015:active , .ud426471c29406fc0d60859ebbb46e015:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud426471c29406fc0d60859ebbb46e015 .centered-text-area { width: 100%; position: relative ; } .ud426471c29406fc0d60859ebbb46e015 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud426471c29406fc0d60859ebbb46e015 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud426471c29406fc0d60859ebbb46e015 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud426471c29406fc0d60859ebbb46e015:hover .ctaButton { background-color: #34495E!important; } .ud426471c29406fc0d60859ebbb46e015 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud426471c29406fc0d60859ebbb46e015 .ud426471c29406fc0d60859ebbb46e015-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud426471c29406fc0d60859ebbb46e015:after { content: ""; display: block; clear: both; } READ: Business Management EssayEarnings vary for Series EE bonds issued from 1980 to 1997. Many Series Ebonds have stopped paying interest. You receive the interest earned alongwith your principal when you cash in the bond. Series HH bonds pay a fixedrate of interest from the date you purchase the bonds. In August 2004 itwill be the last issue month for HH/H bonds. After August 31, 2004, no onewill be able to reinvest on HH/H or exchange their EE/E bonds for HH bonds. Series I bonds bought from May 1, 2003 through October 30, 2003 will earn4.66 percent interest for the first six months. The rate is a combinationof a fixed rate of 1.1 percent (fixed for the life of the bond) plus anadjustable rate (adjusted six months) based on inflation. You receive theinterest earned along with your principal when you cash in the bond. Thefederal government developed Series I bonds to assure investors a rate ofreturn above inflation. Historically, some savings bonds have, in reality,lost purchasing power during periods of high inflation. While savings bonds are intended to be long-term investments,eventually the time will come when we want to redeem them. Maybe we needthe money to return to school, for a long-awaited retirement cruise, or fora hundred and one other reasons. Generally, the easiest way to redeemsavings bonds is through a local bank, credit union, or other financialinstitution, although you also can contact the U.S. Bureau of Public Debtor the nearest Federal Reserve Bank. Redeeming savings bonds at a localfinancial institution is a simple and straightforward process. If you arenot the owner of the bonds, you will also have to establish that you areentitled to cash them. For example, you may be listed as a beneficiary onthe bonds of someone who has died and in addition can provide a deathcertificate of the former bond owner. In addition, you can redeem yourbonds for their full value, unless you have held them for less than fiveyears. In that case, there is a penalty equaling three months interest. For example, if you redeemed a Series EE bond that you had held for twoyears, you would receive interest for 21 months-not 24 months. In the other hand, before cashing your Series EE bonds, you have theopportunity to exchange them for Series HH bonds instead, especially ifthey are near maturity. Series HH bonds will pay twice-yearly interestpayments. In addition, exchanging Series E or EE bonds for HH bonds willcontinue to provide a tax shelter for the funds invested (Series I bondsmay not be exchanged for HH bonds.) In order to exchange Series E or EEbonds, they must be at least six months old (12 months old if purchasedFebruary 2003 and after). They also must be currently worth at least $500and must be exchanged within one year of maturity. Since Series HH bondsare available only in multiples of $500, you can elect to either receivesome of your Series E or EE investment in cash or pay additional funds inorder to acquire the HH bonds. For instance, if you want to exchange SeriesEE bonds worth $1,200 for Series HH bonds, you can receive either $1,000 inHH bonds and $200 cash or $1,500 in HH bonds with an additional payment of$300. There is no limit to the number of HH bonds own. The easiest way toexchange Series E or EE bonds for Series HH bonds is through a localfinancial institution, which can help with the paperwork and transmit yourapplication to a Federal Reserve Bank. Or, you can get an application andfile it yourself with the nearest Federal Reserve branch. .u65a9bf3e51f75cb9f2dc64e260938b3f , .u65a9bf3e51f75cb9f2dc64e260938b3f .postImageUrl , .u65a9bf3e51f75cb9f2dc64e260938b3f .centered-text-area { min-height: 80px; position: relative; } .u65a9bf3e51f75cb9f2dc64e260938b3f , .u65a9bf3e51f75cb9f2dc64e260938b3f:hover , .u65a9bf3e51f75cb9f2dc64e260938b3f:visited , .u65a9bf3e51f75cb9f2dc64e260938b3f:active { border:0!important; } .u65a9bf3e51f75cb9f2dc64e260938b3f .clearfix:after { content: ""; display: table; clear: both; } .u65a9bf3e51f75cb9f2dc64e260938b3f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u65a9bf3e51f75cb9f2dc64e260938b3f:active , .u65a9bf3e51f75cb9f2dc64e260938b3f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u65a9bf3e51f75cb9f2dc64e260938b3f .centered-text-area { width: 100%; position: relative ; } .u65a9bf3e51f75cb9f2dc64e260938b3f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u65a9bf3e51f75cb9f2dc64e260938b3f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u65a9bf3e51f75cb9f2dc64e260938b3f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u65a9bf3e51f75cb9f2dc64e260938b3f:hover .ctaButton { background-color: #34495E!important; } .u65a9bf3e51f75cb9f2dc64e260938b3f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u65a9bf3e51f75cb9f2dc64e260938b3f .u65a9bf3e51f75cb9f2dc64e260938b3f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u65a9bf3e51f75cb9f2dc64e260938b3f:after { content: ""; display: block; clear: both; } READ: rosa parks EssayWhile savings bonds do not earn high interest, the low interest rateis sometimes compensated by favorable tax terms. What specifically are thetax advantages? For starters, you do not pay any state or local taxes onthe earnings of any savings bonds you own. While you must pay federal taxeson the earnings of Series HH bonds in the year that you receive thatinterest, you can defer earnings and taxes on Series E, EE and I bonds forlong periods. Also, you can hold Series EE and I bonds for 30 years. Afterthat period, you can exchange Series EE bonds for HH Series bonds and thenhold them for another 20 years. After 20 years, you must redeem the HHbonds and finall y pay any taxes owed on the earnings from the old EE bonds. If you buy Series EE or Series I bonds in the name of your child and redeemthe bonds while the child is still your dependent, you will pay taxes onthe earnings at the childs rate. The childs rate may be 0 percent if thechilds total unearned income is $700 or less; in any case, it is almostcertainly less than your tax rate. In 1990, the Treasury Department established the Education Bond Program,which exempts savings bond earnings from federal tax if the bonds areredeemed to pay for qualified education expenses. To qualify for thisprogram, an adult age 24 or older must buy the bonds. He or she then mustredeem them and document tuition and certain other education-relatedexpenses. (Room, board, and books are not qualified.) If the value of thebonds redeemed is greater than the qualified expenses, only the proportionused for qualified expenses is tax-free. The full exclusion is also onlyavailable to single taxpayers with annual income below $53,100 and marriedpersons filing jointly with income below $78,350. Single taxpayers withincome of $67,250 or more and married persons filing jointly with income of$108,350 or more are ineligible for this program. As you can see, there can be many advantages to practice of givingsavings bonds each year or buying savings bonds. Besides offering severaltax advantages, savings bonds can provide a reasonable, inflation-indexedreturn and a steady investment vehicle for the long term and not to mentionthe safety and backing of a U.S. Government-issued security.

Johann Wolfgang von Goethe Quotations

Johann Wolfgang von Goethe Quotations Johann Wolfgang von Goethe  (1749–1832) was a prolific German poet and writer. Within his body of work are many quotes (zitate, in German) that are now famous bits of wisdom passed down through the generations. A number of these have also influenced other popular musings and sage advice. Among Goethes best-known lines are those below. Many come from published books of the poets work while a few are from personal correspondence. Here, we will explore them in both their original German as well as the English translations. One of the Best-Known Goethe Quotes Man sieht nur das, was man weiß. English Translation:  You only see what you know. Goethe From"Die Wahlverwandtschaften" Die Wahlverwandtschaften (Elective Affinities) was Goethes third novel published in 1809. Glà ¼cklicherweise kann der Mensch nur einen gewissen Grad des Unglà ¼cks fassen; was darà ¼ber hinausgeht, vernichtet ihn oder lßt ihn gleichgà ¼ltig. English Translation: Fortunately, people can comprehend only a certain degree of misfortune; anything beyond that either destroys them or leaves them indifferent. Goethe From "Maximen und Reflexionen" Maximen und Reflexionen (Maxims and Reflections) is a collection of Goethes writings published posthumously in 1833. Der Alte verliert eines der grà ¶ÃƒÅ¸ten Menschenrechte: er wird nicht mehr von seines Gleichen beurteilt. English Translation: An old man loses one of the most important rights of man: he is no longer judged by his peers. Es ist nichts schrecklicher als eine ttige Unwissenheit. English Translation: Theres nothing worse than ignorance in action. Goethe to Eckermann, 1830 Goethe and fellow poet Johann Peter Eckermann regularly corresponded with one another. This comes from a 1830 letter to Eckermann. Napoleon gibt uns ein Beispiel, wie gefhrlich es sei, sich ins Absolute zu erheben und alles der Ausfà ¼hrung einer Idee zu opfern. English Translation: Napoleon provides us an example of how dangerous it is to be elevated to the absolute and to sacrifice everything to implement an idea. Goethe From "Wilhelm Meisters Wanderjahre" Wilhelm Meisters Wanderjahre (Wilhelm Meisters Journeyman Years) is the third in a series of books written by Goethe. It was first published in 1821, then revised and republished in 1829. Unter allem Diebesgesindel sind die Narren die schlimmsten. Sie rauben euch beides, Zeit und Stimmung. English Translation: Of all the thieving riff-raff, fools are the worst. They steal both your time and your good mood. Das Leben gehà ¶rt den Lebenden an, und wer lebt, muss auf Wechsel gefasst sein. English Translation: Life belongs to the living, and those who live must be prepared for change. Es gibt keine patriotische Kunst und keine patriotische Wissenschaft. Beide gehà ¶ren, wie alles hohe Gute, der ganzen Welt an... English Translation: There is no patriotic art and no patriotic science. Both belong, like all high good, to the whole world... Goethe From"Wilhelm Meisters Lehrjahre" Wilhelm Meisters Lehrjahre (Wilhelm Meisters Apprenticeship) is the second volume in Goethes famous series, published in 1795. Alles, was uns begegnet, lßt Spuren zurà ¼ck. Alles trgt unmerklich zu unserer Bildung bei. English Translation: Everything we encounter leaves traces behind. Everything contributes imperceptibly to our education. Die beste Bildung findet ein gescheiter Mensch auf Reisen. English Translation: The best education for a clever person is found in travel. Goethe From "Sprichwà ¶rtlich" The following are small excerpts from Goethes poem Sprichwà ¶rtlich (Proverbial). Zwischen heut und morgenliegt eine lange Frist.Lerne schnell besorgen,Da du noch munter bist. English Translation: Between today and tomorrowlies a long time.Learn quickly to take care of thingswhile youre still fit. Tu nur das Rechte in deinen Sachen;Das andre wird sich von selber machen. English Translation: Just do the right thing in your affairs;The rest will take care of itself. Goethe From "Reineke Fuchs" Reineke Fuchs is a 12-song epic written by Goethe in 1793. Besser laufen, als faulen. English Translation: Better to run than to rot. Goethe From "Hermann und Dorothea" Hermann and Dorothea is one of Goethes epic poems published in 1796. Wer nicht vorwrts geht, der kommt zurà ¼cke. English Translation: If youre not going forward, youre going backward. Goethe From "Faust I (Vorspiel auf dem Theater)" Faust I is a collection of Goethes work and when combined with Faust II, the two span 60 years of the poets artistic writings. Vorspiel auf dem Theater (Prelude on the Theater) is one poem examining the conflicts of drama and theater. Was glnzt, ist fà ¼r den Augenblick geboren,Das Echte bleibt der Nachwelt unverloren. English Translation: That which glitters is born for the moment;The genuine remains intact for future days.