Types of Business & Business Ownerships/ Choosing Your teen based business

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  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • ----- Meeting Notes (8/15/11 11:46) -----802 stopped at trends in business startups
  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • ----- Meeting Notes (8/15/11 10:34) -----801 stopped at types of business ownerships
  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • Welcome to Super Easy Templates: This is an 8 x 11 PowerPoint presentation that consists of the title page. We provide easy-to-use and customize templates for home and business use. Most of our templates are for PowerPoint 2007 and Word 2007. If you are interested in additional templates, visit our website: www.supereasytemplates.com. The next few slides will guide you through creating a basic business presentation PowerPoint. These are just guidelines, as each company’s presentation standards and desired content will vary. We specialize in creating and designing positive, multi-cultural presentations, posters, postcards, and other media for home and business use! If you require technical support on this specific presentation, email us: support@supereasytemplates.com. Also, check the Microsoft forums for specialized assistance. Although we try to respond to all support requests, please realize that this is a free service and we cannot guarantee a timely response. All questions and answers are usually posted on our FAQ pages.
  • Types of Business & Business Ownerships/ Choosing Your teen based business

    1. 1. What Should I be Doing?<br />Your Subtitle Here<br />Come in SILENTLY!!<br />Take out your BUSINESS BINDER, A PEN, & PENCIL.<br />SILENTLY!! Put your homework in the homework folder for your class section. (You have 3 minutes)<br />Sit down!<br />Take out your laptop and sign-on.<br />Go to my website www.mrsjlogan.weebly.com<br />Complete your “Kick-Off” assignment<br />Business Math (You have 5 minutes)<br />
    2. 2.
    3. 3. Choosing Your Teen-based Business <br />&<br /> Types of Businesses and Business Ownerships<br />Project One<br />Power Center Academy M.S.<br />Mrs. Logan<br />August 15, 2011<br />
    4. 4. Today’s Agenda<br />Review Business Binder Set-up<br />Types of Businesses and Business Ownerships?<br />Choosing Your Teen-based Business<br />
    5. 5. Homework<br />Label types of businesses and business ownerships<br />Choosing Your Teen-based Business 3, 4, 5<br />
    6. 6. Business Binder Set-up<br />Put six tabs inside of your binder<br />Label the tabs<br />Divider 1 – Business 411<br />Divider 2 – Kick-Off<br />Divider 3 – Notes <br />Divider 4 – Homework<br />Divider 5 – Classwork<br />Divider 6 – Business Plan<br />
    7. 7. Business Binder Set-up<br />Place the following documents in your binder<br />Business 411 tab<br />Syllabus<br />Timeline of Instruction<br />Business Plan and Dress Policy<br />Business Dress Guidelines and Rubric<br />Laptop Procedure Sheet<br />
    8. 8. Business Binder Set-up<br />Kick-Off <br /> This week’s kick-off log<br /> Last week’s graded kick-off log<br />Notes<br />Choosing Your Teen-based Business<br />Introduction to Entrepreneurship & What is a Business Plan? NOTES<br />25 sheets of notebook paper<br />Homework<br />Graded Homework Assignments<br /> Components of a Business Plan<br />“How to Make a Million Before You Graduate”<br />
    9. 9. Business Binder Set-up<br />Classwork <br />Ticket Out the Door – August 8, 2011<br />25 sheets of notebook paper<br />Business Plan<br />
    10. 10. Business Binder Set-up<br />There shouldn't be any other teacher’s work, notes, and documents in your BUSINESS BINDER.<br />
    11. 11. Types of Businesses & Business Ownerships<br />Objectives<br />Identify the four main types of business<br />Examine trends in business startups in recent decades<br />Explore growth expectations for business<br />Define liability<br />Examine sole proprietorships<br />Learn about partnerships<br />Understand corporations<br />Understand cooperatives<br />
    12. 12. Types of Business<br />A wholesaling business (wholesaler)buys goods in large quantities, typically from manufacturers, and resells them in smaller batches to retailers.<br />A retailing business (retailer)buys goods, often from wholesalers, and resells them directly to consumers, who are the end buyers.<br />A service businessprovides services to customers for a fee.<br />A manufacturing business (manufacturer)converts materials into goods suitable for use and then sells those goods to others.<br />
    13. 13. Trends in Business Startups<br />Over the past fifty years, the business make-up of the United States has changed significantly.<br />In the 1950s, the country’s dominant industry was manufacturing.<br />During the 1950s and 1960s, America experienced a boom in franchising.<br />By 1970, service, wholesale, and retail businesses accounted for the majority of America’s economic production.<br />The vast majority of businesses started in the 2000s have been service and trade businesses.<br />
    14. 14. Businesses of the Future<br /><ul><li>The U.S. Department of Labor makes predictions on which industries will likely experience the largest growth in number of employees in the following decade using the The North American Industry Classification System (NAICS).
    15. 15. The top ten companies have one thing in common—they provide some type of service. This demonstrates that service businesses are expected to dominate the U.S. economy through 2020.</li></li></ul><li>Liability of Business Owners<br />Owner’s liability is the legal obligation of a business owner to use personal money and possessions to pay the debts of the business.<br />Unlimited liabilitymeans that a business owner can be legally forced to use personal money and possessions to pay the debts of the business.<br />Limited liabilitymeans that a business owner cannot be legally forced to use personal money and possessions to pay business debt.<br />
    16. 16. What Should I be Doing?<br />Come in SILENTLY!!<br />Take out your BUSINESS BINDER & A PEN.<br />SILENTLY!! Put your homework in the homework folder for your class section. (You have 3 minutes)<br />Sit down!<br />Take out your laptop and sign-on.<br />Go to my website www.mrsjlogan.weebly.com<br />Complete your “Kick-Off” assignment<br />Typing Web(You have 5 minutes)<br />Continue where you left off.<br />Your Subtitle Here<br />
    17. 17. Choosing Your <br />Teen-based Business<br />Project One<br />Power Center Academy M.S.<br />Mrs. Logan<br />August 16, 2011<br />
    18. 18. Today’s Agenda<br />Complete yesterday’s lesson.<br />Create a “My Business Plan” folder on your desktop<br />
    19. 19. Types of Business Ownerships<br />A sole proprietorshipis a legally defined type of business ownership in which a single individual owns the business, collects all profit from it, and has unlimited liability for its debt.<br />The sole proprietorship is the simplest and least expensive option for business ownership.<br />Because the owner and the business are one and the same, business income and costs are reported on the owner’s personal income tax return.<br />In a sole proprietorship, only one individual is responsible for the business.<br />The sole proprietor has unlimited liability for any business debts.<br />
    20. 20. Types of Business Ownerships<br />A partnership is a legally defined type of business organization in which at least two individuals share the management, profit, and liability. <br />In a general partnership, all partners have unlimited liability.<br />A limited partnershipis structured so that at least one partner (the general partner) has limited liability for the debts of the business.<br />General partnerships rely on the entrepreneurial skills and financial backing of at least two individuals.<br />Because general partners have unlimited liability, they risk losing personal money and possessions to pay business debts.<br />
    21. 21. Types of Business Ownerships<br /><ul><li>A corporation is a legally defined type of business ownership in which the business is considered a type of “person” (or “entity”) under the law, and limited liability is granted to the business owner(s).</li></ul>The owners of a corporation are called its shareholders or stockholders.<br />A share of stock is a unit of ownership in a corporation.<br />Each share may earn its owner a dividend, which is a portion of the corporation’s profit.<br />Shareholders have a limited liability. They risk only the money they invested in the corporation.<br />
    22. 22. Types of Business Ownerships<br /><ul><li>A cooperative is a business owned, controlled, and operated for the mutual benefit of its members—people who use its services, buy its goods, or are employed by it.</li></ul>In the U.S., cooperatives are not as common as other types of businesses and are often organized as corporations.<br />Cooperatives often share their earnings with the membership as dividends.<br />
    23. 23. Choosing Your Teen-based Business<br />Major Factors to Consider Before Selecting Your Business<br />When selecting a business, consider the following factors:<br />What are your interests?<br />When considering your interest, ask yourself these questions:<br />What do I like to do?<br />What are the talents that I possess and enjoy?<br />Do I like working with people?<br />
    24. 24. Choosing Your Teen-based Business<br />What are your abilities?<br />When considering your abilities, ask yourself:<br />What are you good at?<br />Choose a business that builds upon a skill or talent that you already possess<br />
    25. 25. Choosing Your Teen-based Business<br />Do you have the startup money and necessary resources?<br />When analyzing the startup cost of your business, ask yourself:<br />Do I have enough money to start the business? If not, where will I get <br />the money?<br />Do I possess the resources required to start the business? If not, where<br />will they come from? <br />If you do not have the capital to purchase the required materials for the business you cannot start that business.<br />
    26. 26. Choosing Your Teen-based Business<br />Profit potential<br />Consider potential market, will consumers want what you are selling<br />There should be a need for your product or service<br />Pleasure<br />Make sure you enjoy the business you will be doing<br />Availability<br />Since you are still a student – consider when you will be able to operate your business<br />
    27. 27. Ticket Out The Door<br />List the 6 major factors to consider before selecting your business.<br />What are the 4 types of businesses?<br />What are the 4 types of business ownerships?<br />
    28. 28. “My Business Plan” Folder<br />
    29. 29. Class Assignment<br />Create project one<br />Go to my website<br />Select Class Notes and Activities<br />Download the file that says Choosing_My_Teen_Biz<br />Type the document – use the information from your homework assignments.<br />Save the document<br />HomeroomSection_lastname+firstname_ChoosingMyBiz<br />Example: 801_LoganJeronica_ChoosingMyBiz<br />Save in “My Business Plan” folder on your desktop.<br />
    30. 30. What Should I be Doing?<br />Your Subtitle Here<br />Come in SILENTLY!!<br />Take out your BUSINESS BINDER, A PEN, & PENCIL.<br />SILENTLY!! Put your homework in the homework folder for your class section. (You have 3 minutes)<br />Sit down!<br />Take out your laptop and sign-on.<br />Go to my website www.mrsjlogan.weebly.com<br />Complete your “Kick-Off” assignment<br />Business Math (You have 5 minutes)<br />
    31. 31. Choosing Your <br />Teen-based Business<br />Project One<br />Power Center Academy M.S.<br />Mrs. Logan<br />August 17, 2011<br />
    32. 32. Today’s Agenda<br />Finish typing the document “Choosing Your Teen-based Business”<br />Read “ The Best Business Ideas for Teens”<br />Answer the questions on Quia.com that accompany the article.<br />Read pp. 33-35 in The Teen Entrepreneur<br />
    33. 33. Finish Project One<br />Save the document<br />HomeroomSection_lastname+firstname_ChoosingMyBiz<br /> Example: 801_LoganJeronica_ChoosingMyBiz<br />Submit to my DROPBOX.<br />
    34. 34. “ The Best Business Ideas for Teens”<br />Read<br />Answer Questions<br />
    35. 35. The Teen Entrepreneur<br />Read pp. 33-35<br />

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