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Session 6
Business Plan Development:
Business Description

               Powerpoint Presentation by:
               RUDOLPH D. VELASCO
               Entrepreneurship and Business
               Planning
Choosing the Form of Business Organization


Form of Business Organization

3.Sole or Single Proprietorship
4.Partnership
5.Corporation
6.Cooperative
SINGLE PROPRIETORSHIP

 This is a form of business organization that
 is owned and usually managed by one
 person.
 It is the oldest and simplest form of business
 ownership.
 The easiest to start.
 They dominate the retailing, agriculture
 and service industries.
ADVANTAGES OF SINGLE PROPRIETORSHIP


1. Ease and low cost of formation and
   dissolution.
2. Retention of all profits.
3. Independence and flexibility.
4. Tax advantage and less government
   regulation
DISADVANTAGES OF SOLE PROPRIETORSHIP


 1.   Unlimited Liability
 2.   Lack of Stability
 3.   Limited access to credit
 4.   Limited business skills and
      knowledge
PARTNERSHIP

It is an association of two or more persons
 who act as co-owners of a business.
Each partner contributes money, property
 or service to their organization.
They are usually engaged in accounting,
 law, advertising, real estate and retailing.
  TWO TYPES OF PARTNERS
     General Partners
     Limited Partners
ADVANTAGES OF PARTNERSHIP

1. Easy to organize
2. Availability of more
   capital and credit.
3. Retention of profits
4. Better business skills
   and knowledge
DISADVANTAGES OF PARTNERSHIP

1. Unlimited Liability
2. Lack of Stability
3. Management
   Disagreement
4. Idle investment
CORPORATION

It is an artificial being created by operation of
law, having the right of succession, and the
powers, attributes and properties expressly
authorized by law or incident to its existence.
Stocks – shares or certificates of ownership of
a corporation.
Two types
  Private or close corporations
  Open corporations
ADVANTAGES OF A CORPORATION


1.Limited liability
2.Easy to raise capital
3.Perpetual life
4.Specialized
  management
DISADVANTAGES OF A CORPORATION

1. Difficult to organize
2. Strictly regulated and supervised by
   the government
3. Some corporations are socially
   irresponsible
4. Formal and impersonal employer-
   employee relationship
The COOPERATIVE : An Enterprise for the Poor
A duly registered association of persons, with a common bond of
interest, who have voluntarily joined together to achieve a lawful
common social or economic end, making equitable contributions
to the capital required and accepting a fair share of the risks and
benefits of the undertaking in accordance with universally
accepted principles of cooperation which include the following
2.Open and voluntary membership
3.Democratic control
4.Limited Interest on capital
5.Division of net surplus
6.Cooperative education
7.Cooperation with other cooperatives
TYPES OF COOPERATIVE

1.Credit cooperative
2.Consumers cooperative
3.Producers cooperative
4.Marketing cooperatives
5.Service cooperative
6.Multi purpose cooperative
Output # 2

Business Description
  Business Description
  Business Background
   Proposed Name of the Business and Rationale
   Type of Business Organization
   Location of Head Office and Factory
REFERENCES

Entrepreneurship, Fajardo, Feliciano R.; Capitol Publishing House Inc.
       1994
Other Matters
 Learning Materials and Powerpoint
    Lectures are available online

http://rdvonlineclassroom.weebly.com
End of Presentation

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6 business plan development business description

  • 1. Session 6 Business Plan Development: Business Description Powerpoint Presentation by: RUDOLPH D. VELASCO Entrepreneurship and Business Planning
  • 2. Choosing the Form of Business Organization Form of Business Organization 3.Sole or Single Proprietorship 4.Partnership 5.Corporation 6.Cooperative
  • 3. SINGLE PROPRIETORSHIP This is a form of business organization that is owned and usually managed by one person. It is the oldest and simplest form of business ownership. The easiest to start. They dominate the retailing, agriculture and service industries.
  • 4. ADVANTAGES OF SINGLE PROPRIETORSHIP 1. Ease and low cost of formation and dissolution. 2. Retention of all profits. 3. Independence and flexibility. 4. Tax advantage and less government regulation
  • 5. DISADVANTAGES OF SOLE PROPRIETORSHIP 1. Unlimited Liability 2. Lack of Stability 3. Limited access to credit 4. Limited business skills and knowledge
  • 6. PARTNERSHIP It is an association of two or more persons who act as co-owners of a business. Each partner contributes money, property or service to their organization. They are usually engaged in accounting, law, advertising, real estate and retailing. TWO TYPES OF PARTNERS General Partners Limited Partners
  • 7. ADVANTAGES OF PARTNERSHIP 1. Easy to organize 2. Availability of more capital and credit. 3. Retention of profits 4. Better business skills and knowledge
  • 8. DISADVANTAGES OF PARTNERSHIP 1. Unlimited Liability 2. Lack of Stability 3. Management Disagreement 4. Idle investment
  • 9. CORPORATION It is an artificial being created by operation of law, having the right of succession, and the powers, attributes and properties expressly authorized by law or incident to its existence. Stocks – shares or certificates of ownership of a corporation. Two types Private or close corporations Open corporations
  • 10. ADVANTAGES OF A CORPORATION 1.Limited liability 2.Easy to raise capital 3.Perpetual life 4.Specialized management
  • 11. DISADVANTAGES OF A CORPORATION 1. Difficult to organize 2. Strictly regulated and supervised by the government 3. Some corporations are socially irresponsible 4. Formal and impersonal employer- employee relationship
  • 12. The COOPERATIVE : An Enterprise for the Poor A duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve a lawful common social or economic end, making equitable contributions to the capital required and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted principles of cooperation which include the following 2.Open and voluntary membership 3.Democratic control 4.Limited Interest on capital 5.Division of net surplus 6.Cooperative education 7.Cooperation with other cooperatives
  • 13. TYPES OF COOPERATIVE 1.Credit cooperative 2.Consumers cooperative 3.Producers cooperative 4.Marketing cooperatives 5.Service cooperative 6.Multi purpose cooperative
  • 14. Output # 2 Business Description Business Description Business Background  Proposed Name of the Business and Rationale  Type of Business Organization  Location of Head Office and Factory
  • 15. REFERENCES Entrepreneurship, Fajardo, Feliciano R.; Capitol Publishing House Inc. 1994
  • 16. Other Matters Learning Materials and Powerpoint Lectures are available online http://rdvonlineclassroom.weebly.com

Hinweis der Redaktion

  1. End of Chapter 6.