Sunday, January 26, 2020

Should Uber be Banned in London?

Should Uber be Banned in London? On September 22nd, 2017, the city of London, England declared that it will not re-issue Uber Technologies Inc.’s (â€Å"Uber† or the â€Å"Company†) private-car hiring license that was set to expire on September 30th, 2017. The months following led to an appeal to Transport for London (â€Å"TFL†) by Uber, which become a stalled and slow process that ultimately could take years to move forward. While the appeal could take up to a year to fully process, the commissioner of TFL, Mike Brown, and Uber were able to converse in early November over potential resolutions prior to Uber’s hearing in December (Smith, 2017). Although talks between the Company and TFL ultimately have not become deciding factors in the appeal, they are important in creating a professional dialogue between the two bodies. As the Company has tried its best to develop a relationship with the city of London, two Uber employees came into the public eye. Yaseen Aslam and James Farrar, two Uber drivers based in London won a legal dispute on behalf of a group of nineteen Uber drivers in early November. The dispute, which involved the category in which Uber drivers were to be placed, ended with upholding regulation to deem all drivers as workers for Uber rather than self-employed. This regulation enforces the Company to pay all of its workers a minimum wage, allow time off, and holiday pay (Rao, 2017). Another defeat in UK’s court system has not only damaged Uber’s reputation in the island nation even more but made the company’s London division increasingly susceptible to an unfavorable outcome in its upcoming December hearing. Financially, Uber has done very well, especially in the United Kingdom. Boasting over 3.5 Million users in London alone (Cummins), the giant ‘ride-share’ service company keeps over 40,000 people employed in the city (Rao, 2017). Simply put, Uber’s status as a licensed taxi or ‘ride-share’ service is very important to the economy of London and its people. Stakeholders in the company’s continued operation in the British capital include local users as well as far-reaching shareholders spanning the globe. It is because of Uber’s large role that we need to pose the question, â€Å"Should Uber be allowed to operate in London with less restrictive regulation than other taxi services?†. Stakeholder(s) Stakes Transport for London, governmental organization TFL’s stake is the well-being and protection of its citizens from malpractices and the legality of business operations dealing in transportation. Due to their power as the decision maker in renewing Uber’s license in London, they are considered one of the most powerful stakeholders. Uber driversDrivers of Uber are one of the most urgent and legitimate stakeholders because of the direct impact the decision would make on their jobs and careers. Uber drivers outside of London While not directly impacted by the outcome, Uber’s international drivers are affected by the possibility of other cities following in London’s footsteps of barring Uber. Uber clients in LondonUber is fairly popular in London, with 40% of the population having used Uber at one point. Their clients would have to find an alternative, such as using Black Cabs, which are generally more expensive. They are directly impacted by the outcome and the refore can be considered an urgent stakeholder as well as a legitimate one. Uber Shareholders/Investors As 5% of all of Uber’s revenue stream, London’s consumer base for Uber is a considerable market. Losing this market could dissuade potential and current investors and shareholders through lost faith in the company. These investors and shareholders are responsible for Uber’s existence as a company which makes them a very powerful, urgent, and legitimate group of stakeholders. New Car sales companies Since most Uber drivers use their own cars for transportation, and some Uber drivers buy and lease cars specifically so they can get potential discounts, the outcome of this decision will materially impact car sales. London Public Transit Commuters If Uber loses its license, there is a good chance that previous Uber clients will opt for public transportation which is a cheap alternative, causing a large influx of commuters and crowding the already crowded public tra nsportation options. London police Uber is well known to use anti-law enforcement business tactics. There is the distinct potential that if Uber’s right to operate is revoked, they may still operate under-the-radar causing more work for London’s police to make sure Uber is compliant with their laws. London’s air qualityLondon is notorious for having one of the worst air qualities in the EU, and reducing the number of people driving will help improve the air quality situation. This affects all Londoners and tourists. Gas stations Uber contributes to a decent amount of various gas station’s revenues, as their business is to drive all day which consumes gasoline. Reducing the amount and frequency of which people drive will affect their revenues as well. Black cab companies Black cab companies want the rule to be upheld, as they will directly benefit from Uber losing their license, as they are (an albeit expensive) substitute for Uber’s services. Black cab drivers Similar to the Black Cab company itself, black cab drivers only make money (generally) when they are driving clients. Since they will see an increase in volume, the black cab drivers will make more money. TX4 Hackney Carriage Black Cab manufacturers As the manufacturer of ‘black cabs’ TX4 has a direct stake in the decision determining Uber’s fate in London. With Uber gone the company can continue producing the same black cab’s that are part of London’s large private taxi service. Rental car companies Uber has a rental car program with some rental car companies so not all Uber drivers have to own their car. If Uber were to get pulled out of London, the revenues of London rental car companies would suffer as a direct result. The London Underground transportation service and system The London Underground will similarly profit as the black cab companies due to the relationship of being a substitute to Uber as well. London Banks When people or car sales companies buy cars, they get a loan from a bank. Fewer cars being sold reduces new loan volume. Additionally, Uber drivers relying on their job to pay off the car loan may be forced to sell or remit their car to the Bank. London Car commuters A reduced volume of drivers on the road will favor car commuters, reducing traffic and congestion. However, Uber clients who are new or are returning to driving their own car could pose a risk to current car commuters because of driving inexperience and unfamiliarity. Local wildlife, in and surrounding London. (Hawks, Foxes, Badgers, Ducks, Deer, and Others) Poor air quality, light pollution, and noise pollution all affect the local London wildlife. With more Uber drivers, especially those who are new to the London area, comes a greater chance of local wildlife having incidents with motor vehicles. Environmental activists (Love Clean Air, Client Earth, EPUK, EEA, LSx, WWF, and Others) Since London’s air quality and wildlife will not speak for itself, activist groups that represent both of these stakeholder groups will likely push for Uber to lose its operating license for the reasons that are stated in their respective sections. London Tourists Since Uber is the current combination of the cheapest and most convenient option for tourists, they will have to find alternate forms of transportation which may be either more expensive (cabs) or less convenient (transit). Potential Actions & Implications There are three clear potential actions that the Transport for London can take to resolve our ethical question, â€Å"Should Uber be allowed to operate in London with less restrictive regulation than other taxi services?† along with doing what is best for the Stakeholders involved on a legal and economic scale. They have the option of continuing to treat Uber as they currently are and apply no extra regulation or restrictions to Uber’s operations, create new regulation to specifically address Uber’s operations, or decide to let Uber’s operation permit expire thusly eliminating Uber from London. For the first option, letting Uber retain its current operations and re-instating its operations permit, Transport for London would continue to support Uber as â€Å"ride-share† service as opposed to a taxi service. The implications of this are that Transport for London would be encouraging the demise of the Black Cab industry in its current state, forcing either closure of said companies or a prompting the creation of new business models. In doing so, there could potentially be long-term benefits for the general London community who use ride-share and taxi services as their primary mode of transportation. This is because the Black Cab companies would be now directly competing with their modified business plans against Uber and any competition between companies is always good for consumers. Other stakeholders, such as car sales companies, other services that compliment car sales, gas stations, Uber drivers, Uber Investors, and London Tourists would similarly benefit from this decision. If Uber was allowed to continue operations as it currently is, this would have repercussions on stakeholders such as London’s police, The London Underground, the Black Cab companies and associated stakeholders, Transport for London as a governmental body, London’s air quality, London’s local wildlife, and the local London activist groups for the environment and wildlife such as detailed in the stakeholder table above. Uber is well known for its practices regarding law enforcement evasion through its â€Å"Greyball† program, which its sole purpose is to identify and blacklist any law enforcement personnel from using Uber’s services which is both a short-term issue and if it persists, can turn into a long-term issue. It can turn into a long-term issue because as well when trying to make sure Uber is compliant with government regulations, as it will be difficult to get an unbiased audit of Uber’s operations that are conducted by a law enforcement agency. The Black Cab companies and associated stakeholders along with the London Underground will continue to lose profits and employees unless they change their business models. This can make or break the Black Cab industry, as these Black Cab companies are almost as old as London itself and have not changed their business model since then. The environment and wildlife in and surrounding London will continue to have a deteriorating quality-of-life, because of the stated reasons in the Stakeholder table. These will have some measurable immediate impact, but the long-term effects are the most worrisome where pollution reaches a point of no return and is incurable. Because these detriments exceed the benefits that would be provided by letting Uber retain their operations license, this is not a recommended answer to our question. For the second option, letting Uber continue operations but with additional regulations, the Transport for London body would invoke regulations regarding Uber similar to those that apply to the Black Cab industry. Contrasting with the first option, this would potentially allow the Black Cab industry to survive under its current business model, albeit with a shift in pricing to efficiently compete with Uber. This would benefit the Black Cab industry to an extent, Uber and Black Cab users, car sales companies and associated services, gas stations, Uber investors, and Uber drivers. However, this decision would have repercussions on other stakeholders as well. Similar to the first option, the London police, The London Underground, Transport for London as a governmental body, London’s air quality, London’s local wildlife, and the local London activist groups for the environment and wildlife would also be negatively impacted by this course of action. Letting Uber continue operations but being restricted by additional regulations is a better solution than the first option because it benefits more stakeholders. However, it is still not our recommended solution. The negative impact that stems from letting Uber operate in London is too great a cost compared to letting their operations license expire. The third solution is to let Uber’s operation license expire. This recommendation is the complete opposite of the first solution and as a result, would imply Transport for London is condemning Uber. This would have inverse benefits and drawbacks as the first solution as well, meaning it would benefit London’s police, The London Underground, the Black Cab companies and associated stakeholders, Transport for London as a governmental body, London’s air quality, London’s local wildlife, and the local London activist groups for the environment and wildlife. Since Uber would no longer be able to operate in London, it would be a huge win for the Black Cab industry as a whole and would help London preserve its age-old transportation of choice. Additionally, the surrounding wildlife and atmosphere would benefit from the reduction of cars on the road and new drivers to the area. London’s police would no longer have to conduct wild-goose chases to make sure Uber is compliant with Transport for London’s regulations. Overall, it would be a benefit to the local London community. This would imply that Transport for London has London’s best interests at heart. Like with all decisions, there are costs associated with making said decisions. Uber moving out of London would be bad for Uber as a company, its employees, its investors, gasoline companies, and car sales and associated stakeholders. Most of these stakeholders are not from London, nor are residents in the UK. However, they are having a large negative impact on London as a whole, compared to the benefits they bring. This is our recommended solution. Recommendation & Cost of Implementation: As chair of Transport for London, I, Sadiq Khan, believe that the most ethical and overall best way to proceed with Uber in London is to recommend that they remain ineligible to renew their license and that no change be made to their status. With their current disregard for minimum wage and basic benefit packages for their employees, they violate London’s idea of operating under business practices deemed, ‘fine and proper’. By doing so I believe that we will be upholding the quality that Londoners have come to expect out of everyday businesses while also doing what we at TFL believe is best for our historic city. This will, in turn, mitigate possible blowback by the community for allowing Uber to continue operations that financially damage London’s public transportation and Black Cabs. There is a multitude of costs associated with this option, many of which must be estimated due to Uber’s financial records being strictly private between the company and perhaps investors (non-public corporation). As a company, which has over 40 thousand employees in London (as stated prior), it is fairly obvious that many people who work full time as ‘ride share’ drivers will be negatively affected by this decision. Since Uber has been deemed a taxi service in early November and thus must pay minimum wage ( £9.15 an hour) to employees in the United Kingdom, there is a possibility of a people losing upwards of  £380,640,000 (Assuming only half of all drivers in London are full time) each year and more, should they apply for unemployment due to the decision. This is, of course, an estimate and not a real working number of pounds lost by employees but while an estimate, it is not a figure that we at TFL take lightly. Since keeping this decision would essentially be changing nothing in terms of a recommendation, financial costs by the city of London, and Transport for London would be minimal to non-existent. That being said some businesses would suffer somewhat, such as car companies and automobile dealers in our city who have deals with Uber to rent and sell cars for the sole purpose of being used by the Company’s drivers. To add, there could be a small loss in terms of sales by gas stations, though it would possibly be partially offset by the increased use of Black Cabs and personal vehicles by the general public. Finally, a cost in terms of tax lost by Uber’s exile from operating in London would go unnoticed except for in the case of employee’s taxes, seeing as the company does not pay a large amount in taxes. In 2015, Uber’s London division only paid  £411,000 in taxes while making over  £23 Million (Bowers 2016). It’s safe to say a city such as ours, will not miss what little Uber had to offer both London and its people.  Ã‚   Overall the costs of implementing a solution that is already in effect register no change in current costs. Since finding Uber to be an unethical business dealing in unfair and otherwise unregulated business practices since this decision, we know that the Company is not one that we as a city can stand. References: Smith, Rebecca. â€Å"TFL Boss Plans Fresh Talks With Uber’s Chief Executive Officer Over Loss of London License† City AM (November 6, 2017) Rao, Prashant. â€Å"Uber Hit With New Blow in London as Panel says Drivers Aren’t Self-Employed† The New York Times (November 10, 2017) Cummins, Chip. Uber Is Losing Its Car-Hire License in London. What Happened? The Wall Street Journal (2017). . Bowers, Simon. â€Å"Uber’s Main UK Business Paid Only  £411,000 in Tax Last Year† The Guardian  (October 10, 2016)

Saturday, January 18, 2020

Myer Holdings Limited (Myer)

Prospective analysis – forecast The previous reports have already approached the industry and financial analysis of Myer. This report will analyze the forecast, valuation and application of Myer, including forecasting the major data, valuating share price under four model and discussing the opportunity and challenge of Myer. 1. Forecast sales growth rate As one of the most important indicators, sales can reflect directly Myer’s financial performance and influence other indicators. Therefore, the forecast of sales growth rate is the foundation for forecasting Myer.Based on the previous annual reports from 2007 to 2011, Myer’s sales are not optimistic and the average growth rate is negative 2. 89%. The decline of both global economy and purchase power of consumers in Australia will lead to the depression of whole industry and unsatisfied performance of Myer in 2012. Additionally, growth of 20% online shopping shows that more and more consumers prefer to purchase on line instead of in the shops . Therefore, negative 1% of sales growth rate for Myer can be assumed in 2012. However, Australia would have a weakening global economy impact and have strong national growth in the future .According to IMF, Australian economy growth rate is expected up to 3. 5% in 2013 . Considering the previous performance of Myer, 2% of growth rate can be assumed for 2013. After that, 3% of growth rate can be assumed from 2014 to 2017 and the sales would approximately even to 2007. (See below chart) Previous years ‘00020072008200920102011Average rate Sales3,002,3532,940,3312,798,9162,825,0342,666,803? sales growth? -2. 07%-4. 81%0. 93%-5. 60%-2. 89% Future years ?2011201220132014201520162017 Sales growth? -1%2%3%3%3%3% 2. Forecast ATO & calculate NOAAccording to the past five years’ data, Myer’s Assets Turnover ratio (ATO) declined slowly following the decrease of sales, apart from 2011 down quickly. Therefore, the average rate 2. 05 can be used to predict the future years. (See below chart) ? 20072008200920102011Average rate ATO2. 02 2. 282. 152. 001. 772. 05 3. Forecast PM & calculate NOPAT Profit Margin (PM) is another important indicator in forecasting Myer’s performance. This indicator relates between the sales and cost of goods sold and operating costs. The competition in retail industry is stronger than before.That means through increasing sales or decrease COS to increase PM is more difficult. The change of PM fluctuated markedly in the last five years. In order to fairly predict the data, the average of 7. 5% can be used as the future PM growth rate. (See below chart) ? 20072008200920102011Average rate profit margin4. 7%13. 4%4. 9%7. 8%6. 6%7. 5% 4. Forecast net dividend payout Dividend payout is a significant indicator to influence share price. Therefore, estimating this rate means the people can determine Myer whether focuses on benefiting shareholders and beautifies share price or not.According to the past 5 years, only 3 years Myer paid dividends. After calculation, the average rate based on 3 years is 45% and 5 years is 27%. However, 27% is too low for shareholders if Myer earn more profit base on the forecast. In addition, most of dividends payout is higher than 50%. Therefore, the forecasting dividend payout rate is estimated by 45%. (See below chart) ? 20072008200920102011Average rate(3yrs)Average rate(5yrs) Dividend0%50%0%28%59%45%27% 5. Forecast cost of debt and debt balance Basically, cost of debt means the expense of liabilities.Determining the cost of debt is as well as setting up the financial structure such as how much debt Myer plan to borrow. According to the previous data, Myer repaid a huge amount of debt in 2010 and led to the cost up and net debt down. However, the debt did not rise up again and kept the similar level as 2010. Therefore, concerning about the cost of debt, the average of 10. 75% seems more reasonable to predict the future. (See below chart) ? 20072008 200920102011Average rate % cost of debt6. 25%6. 41%6. 36%30. 31%4. 41%10. 75% net debt (ND)928,503 856,242 904,258 414,574 457,362 ?Prospective – Valuation Four methods are used to valuate Myer, DDM, DAE, DAOE and DCF. In addition, two ways are used to determine cost of capital, which are CAPM and WACC. In CAPM model, risk-free rate, risk premium rate and ? are assumed separately 4. 5%, 6. 5% and 1. 1. It is not easy to determine ? because it changes every day. Assuming 1. 1 for? means the fluctuation of Myer share price is a little stronger than the market but not too much . Therefore, cost of capital (Re) is calculated by the formula and equals to 11. 65%. This Re is used in DDM and DAE. In WACC model, because Re is 11. 5%, Rf is calculated by formula and equals to 11. 43%. This Rf is used in DAOE and DCF. The share price is calculated by these 4 different models. (See below chart) ModelForecast Share price in 2012 DDM1. 7423 DAE2. 4548 DAOE2. 5603 DCF2. 5603 DDM is influen ced strongly by dividends because this model uses dividends to calculate value of shares. If the company does not pay dividends, the share price would be lower. Myer is estimated to pay dividends in 45% and the share price closes to market share price. (See below chart) DateLast % Change High Low Vol * 24 Oct 20121. 950-1. 27% 1. 621. 9306,259,477 This model is easy to understand Myer’s business conditions. However, this is affected by dividends too much and dividends are not always linking the value creation , the valuation model seems very limited. Obviously, this cannot reflect the Myer’s real value and conditions. Additionally, compared to DDM, DAE involves in other indicator abnormal earnings to value Myer share price and is better to present Myer’s conditions. Myer share price in DAE is higher than DDM because it reflects book value of equity and PV of future abnormal earnings to add share value.Therefore, this is more close to the real performance of Myer . Also, DAOE model is similar with DAE apart from that DAOE focuses on the equity which is determined by operating abnormal earnings. This eliminates the influence of Myer’s financial activities to calculate abnormal earnings. However, Myer’s financial value has been added to the equity finally. Therefore, this can reflect Myer’s condition in operating. Finally, DCF model focuses on cash flow which results in the equity increases. Usually, it can get the same share price with DAOE, but does not affected by accounting rules.However, investments are treated as losses for cash flow, which can bring more future benefits to Myer. Therefore, if Myer plans to use investments to produce free cash flow, then this model is very close Myer’s real conditions. Prospective – Sensitivity On one side, Myer is department store and compete in retail industry. Seasonality is more significant aspect in retail industry. The boom seasons for Myer are the end of financia l year and Christmas holidays. Also, the weather, new products in season or other factors are the aspects which Myer is sensitive.On the other side, according to Appendix 4, the four models of sensitivity can be analyzed. For the indicators of sales, ATO, dividend payout, DDM is the most sensitive, while DCF and DAOE are not sensitive. However, DDM is not sensitive in debt, while DCF and DAOE are most sensitive. Application Opportunities According to the forecast analysis and valuation, Myer has some possible opportunities to improve herself and get rid of the difficult conditions although the depression of condition expands the whole retail industry. Myer is predicted to pay more dividends to their shareholders in forecast analysis.This will addict more investor to buy shares and this can push the share price to rise up. Also, the book value of equity for Myer can be increased and this leads to no one can buy Myer’s share lower than book value. Therefore, a higher merger val ue or acquisition value can be created. Eventually, Myer will get more capital to investment. Therefore, Myer has an opportunity to invest this implemental capital. Concerning about the future economy, Australia will have strong domestic economy increase . As a result, Australian consumption and requirement will be up.Therefore, keeping and maintaining domestic consumers are still the main tasks for Myer. With the online shopping eroded the traditional shopping stores, Myer should improve their online shopping services, such as beautifying and making it convenient for customers. Myer’s CEO announced they would launch a new â€Å"omni-channel† service to stimulate consumers shop online . Obviously, Myer has already recognized online shopping is the main method to regain market share. Additionally, expanding the overseas market seems a good lamb for Myer to increase profit.Recently, Australia government has signed two Free Trade Agreement negotiations with China and Japa n separately. This provides a firm foundation to encourage more foreign investments between Australia and both of countries . Therefore, Myer can be provided more supports to invest in China and Japan. There are three reasons for Myer to choose China rather than Japan to set up the first overseas branch. Firstly, 1. 34 billion of China population is more stable for consumption foundation than 127million of Japan . Secondly, the advantage of exchange can provide more benefits for Myer to invest in overseas.Thirdly, more products of Myer are produced by China; therefore, setting up branch in china can save the delivery cost and tax. Challenges Although Myer’s forecasting is more profitable, it still has a potential challenge for borrowings. First of all, the purpose of loan for Myer may be to expand its shops or update its online shopping. These have more chances to be long-term debts instead of short-term debts. However, when they are in the lack of cash flows, Myer may pay di vidends through borrowings. Although this can be short-term debts, it is not for earning profit.Therefore, both of these are risky for debtors. Secondly, the figure shows that Myer would not plan to increase its financial expenses. That may be Myer prefer to get more funds from shareholders and her own operates rather than debts. This looks lower risky than people’s anticipation while it also means Myer would slow the repayment of debt and the previous debt risky will be raised up. Thirdly, the steady growth rate of dividend payout shows Myer would pay more dividends to benefit their shareholders when they earn more money instead of pay the debt or reinvest.In other words, Myer prefer has more long-term debt than short-term debt and maybe the benefits will be impaired. Therefore, the debt’s risk of Myer tends to be increased by Myer’s trend. Fourthly, the debt leverage looks healthy. However, the decrease of debt leverage is because not only the debt decreases, but also the net operating assets increase. Above all, Myer probably has problem when debt from debtors. Therefore, a detailed loan structure should be planned to make debtor have more confidence and willing to borrow money to Myer.This loan structure need to concern about the percentage of debt and equity for Myer. Also, the percentage of long-term debt and short-term debt should be considered. In addition, the purposes of debt need to be clear, easy to understand and report to debtors and shareholders. Conclusion To sum up, these analyses are really useful to approach Myer’s conditions and performance, and also can give some particular information through valuation. However, there are not perfect analyses; people still need to look for more effective analyses to value the firm.

Friday, January 10, 2020

Detailed Notes on Help for Writing a Research Paper in an Easy to Follow Order

Detailed Notes on Help for Writing a Research Paper in an Easy to Follow Order Completing a research paper can be very challenging, so a growing number of students turn to ResearchPaperBee and request help. Students lead busy lives and frequently forget about a coming deadline. The importance of the research since a proposal paper is more of persuading your audience what you want to do, you will have to state the significance of the undertaking and the way that it impacts people. You proposal should speak in brief in regards to the regions of the given subject your research will cover. A top quality proposal, on the opposite hand, not only promises success for the undertaking, but in addition impresses your Thesis Committee about your potential for a researcher. Research proposal writing requires a scientific strategy and wide degree of wisdom and skill. 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Wednesday, January 1, 2020

Narrative Essay - Tips and Examples

One of the most frequent academic assignments in schools is narrative essays. The students are supposed to show their ability to connect their personal experience with the theme under study. It can be really fun and exciting for students while this task helps them master the skills of storytelling. Writing a narrative essay is about telling a story or describing an experience. Hence, students should use their best descriptive capabilities to let the readers feel the experience that is being narrated by the students. However, as the human nature is, the memories are intermingled in our mind and it takes quite some time and effort to filter the right kind of experiences for narration in an essay form. Hence, students require doing lot of pre-writing exercise, which would involve jotting down bits of all the episodes that have relation to each other. Thereafter students should prepare a draft, which is well defined and relating to any single experience. Noting down all the happenings related to the particular experience would make it easier and fasterto compose an essay on it, which would be the best form of a narrative essay. Main Rules of Writing a Narrative Essay If the students are using the narration as a form of storytelling, then they should follow the norms relating to the same. Accordingly, the essay would have a plot, different characters, setting or the scenario and the climax or ending of the story. Hence, the writer should do a bit of brain storming to organize the essay in a cohesive manner, while the above elements would follow in a sequential formation. When working on your narrative essay, you should follow some standards and guidance: Always write in the first person, I (in some cases, the third person he, she, it is permitted, too). To convey the message, you should apply sensational language and robust depictions. This type of essay should contain all mandatory parts, including introduction, the body paragraphs, climax, and conclusion. How to Write a Narrative Essay A high-quality narrative essay supposes you to follow all the following steps when writing it: Choosing the Topic This is one of the most crucial parts of your essay, while you should define the path for it to follow. The topic of your assignment has to be picked carefully. It is essential to understand that you are not telling a bedtime story from fairy tales. Instead, you would be writing on well-defined theme or topic, on which you have definite viewpoint. Therefore, you need doing a bit of brain storming to find a topic for their narrative essay that summarizes this viewpoint. Narrative essays, in fact, are about the story and analyzing it. The story should depict the notion. Remember the following rules: Mostly, a narrative essay doesn’t require references to external sources. Use your personal experience to provide arguments in your essay. Narrative essay is used to check your ability to connect your personal life experience with the certain topic studied in the class. The Relevance of Your Story to The Prompt Such a task is usually given to you to check whether you are able to take instructions. It’s recommended to the read the prompt carefully before starting to write and make sure that the story responds the given task. Pay attention to the details, languages, and illustrations. The essay should sound lively to your audience. Each scene has to be depicted in lots of details. Please do the following: Fill the gaps with the help if your imagination and creativity. You don’t have to use too long descriptions of certain context. It’s better to review the context shortly and in general. Avoid stories or ideas discrediting your story, as well as fiction! The essay should contain vivid details, this way it will be successful. The essay stories are to be short and accurate. The plot, as well as setting and characters, should be the shortest possible. Pay attention to the statements below: Poor essays usually have broad plots. Avoid lengthy duration in the description of events. Use the restricted number of characters, so the reader would not get lost in a variety of your characters. Prepare a Research Methodology Also, you should investigate the facts from number of external sources that are authentic and reliable as they probe into the basis and the reasons of the events they are narrating. For example, if the topic is about the World War II, students should narrow down the subject of the essay to a particular event in the world war, which is still remembered by all of us, around the world, like the bombing of Japanese area of Hiroshima and Nagasaki. However, as the information given in the essay should be based on the facts only, you must verify the same from a number of sources and then interpret the information collected, in their own words, which should form the contents of their narrative essay. As every essay requires a proper writing style, students should look at an essay format to familiarize with the requirements of established styles like APA, MLA or Harvard etc.. In addition, the essay narration should be smooth and free flowing, so that the reader is tempted to go through the whole essay. Therefore, a proper essay outline is also necessary to maintain the transparency. Provide Proper Citation References It is necessary that students provide evidence in support of their narration of facts. This evidence is mostly from the information collected through sources like internet, e-books or publications. However, you must cite the sources and the authors of such publications in the required format. The most common form of an in-text citation would be to mention the name of the author and the date of publication, within the brackets, wherever such sources are referred in the main text. While the full details should be given in the bibliography pages, care should be taken to mention the full address of the source correctly, to enable the readers access to the same. Drafting the Sections of Your Essay Before starting the process of writing your narrative essay, you should make sure to create a blueprint for guiding you. You should remain within your context and include everything you would like to write. Try to do the following: Adumbrate the plot. Write down the major aspects to tell about, the main plot point in an outline, which shows the beginning, middle, and end of your essay. Involve vivid details. The details in the story make its quality. You should not just to write the facts, but to describe everything! Protagonist and antagonist. It is always much more interesting to read the stories where there are the protagonist and antagonist. The protagonist is to struggle for reaching an objective, and the antagonist (a person, situation, or thing) is always against the protagonist. And note that you are not obliged to be a protagonist at all. Characterize the actors. You are the main character in your story. You participate in almost all scenes, and your actions have a direct impact on the major outcomes. Always use an interesting and unique description showing an intimate connection between you and another character. Do not use just the description of physical appearance. Make a brief outline of the main character in your story and include several specific important details about him. Use the same perspective in all scenes. As a rule, narrative essays are written in the first person, so avoid switching the perspectives. Setting. That’s what gives the context to your story. The characters are really important to the story, and the setting is crucial for the plot. The setting should be brought vividly and described in all the details and accuracy. ORDER PAPERVIEW SAMPLE narrative essay examples ORDER PAPERVIEW SAMPLE narrative essay format ORDER PAPERVIEW SAMPLE narrative essay outline ORDER PAPERVIEW SAMPLE narrative essay sample ORDER PAPERVIEW SAMPLE narrative essay topics ORDER PAPERVIEW SAMPLE personal narrative essay Revise the Essay When revising your essay, pay attention to the following: Use summaries and scenes. Scenes are where the story takes place, and summaries are the links between them. Summaries are longer moments you read quickly, but scenes are small moments rendering the important details. Dialogues. You should include them to your narrative and format them correctly. The theme clarity. The essay is to bring the theme of the prompt clearly. Now revise your essay. This is a key principle of making sure it is a top-quality paper. Before the final run, the majority of writers revise their works several times. Make sure to proofread it several times, too. Ask someone to read it as well. Conclusion. Writing a story is not the same as telling a story. Follow all the tips provided above to become a good narrative essay writer. Sum up the main idea to make a conclusion. Leave your reader with something to think about! If for some reason you are unable to write an essay yourself, our writers can help you. Just click on the button below and fill out the form. Writing services College-Pages.com your guarantee for a successful essay!