Business Ownership & it's types

1. Business
ownership and it’s
types

2. Business ownership
and it’s types
TOPICS TO BE COVERED
What is Business ownership?
Types of business Ownership
Sole Partnership
Partnership
Corporation
Number of business
Revenue Generated by each type
Other ways to organize a business

3. Introduction to
business Ownership

4. TYPES OF BUSINESS
OW NERSHIP
1.SOLE PROPRIETORSHIP
2.PARTNERSHIP
3.CORPORATION

5. Sole Proprietorship

6. Easy and inexpensive to create
Least costly form
Profit incentive
Total decision-making
Few Government regulations
Flexibility and control to your
liking
Advantages of Sole
Proprietorship

7. Disadvantages of Sole
proprietorship
UNLIMITED PERSONAL LIABILITY
LIMITEDSKILLS AND ABILITIES
FEELINGS OF ISOLATION
LIMITED SOURCE OF FINANCING
LIMITED RESOURCES
LACKOF CONTINUITY OF
BUSINESS

8. Partnership
“GREAT THINGS IN A
BUSINESS ARE NEVERDONE BY
ONE PERSON. THEY’RE DONEBY
TEAMOF PEOPLE.”– STEVE JOBS

9. Advantages of
Partnership
EASY TO ORGANIZE·
COMBINED KNOWLEDGE
SKILLS AND RES
FEW GOVERNMENT REGULATIONS
TAXED ONCE

10. Disadvantages of
Partnership
Unlimited liability for some
partners
Possible conflict
development between
partners·
Shared profits

11. CORPORATION

12. Limited
liability of stockholders
Ability
to attract capital
Ability
to continue indefinitely
Transferable ownership
Advantages of corporation

13. Disadvantages of corporation
Limited
liability of stockholders
Ability
to attract capital
Ability
to continue indefinitely
Transferable ownership

14. Total Number of business
ACCORDING TO US SOLE
72%
5%
20%
3%
Number of business
Sole proprietorship Partnership Corporations Others

15. AV E R AG E A C C U R A C Y OF
I N V E N TORY R E PORTS
Revenue Generated
Sole proprietorship Partnership Corporations Others
Revenue Generated by each type
Revenue Generated
Sole proprietorship Partnership Corporations Others

16. DRIVE
Cooperative Non profit
Organization
Franchise
OTHER WAYS TO ORGANIZE
A BUSINESS

17. An organization that is owned and
operated by its members.
The purpose of a cooperative is to save
money on the purchase of certain
goods and services.
Cooperative
Bijou Solutions, Inc. |2020

18. Parts of a
Business Plan
M A R K E T A N A LY S I S A N D S A L E S STRATEGY
Presentations are communication tools that can be
used as demonstrations.
OPE R ATI ON S A N D LOGISTICS
Presentations are communication tools that can be
used as demonstrations.
FINANCIAL P L A N A N D PROJECTIONS
Presentations are communication tools that can be
used as demonstrations.
Non Profit
Organizations
A type of business that focuses on
providing a service, not making a profit.
A nonprofit organization does not pay
taxes because it does not make a profit.

19. Presentations are communication
tools that can be used as
demonstrations.
5-YEAR PROJECTION
3-YEAR PROJECTION
Presentations are communication
tools that can be used as
demonstrations.
Franchise
A contractual agreement to use the
name and sell the products or services
of a company in a designated
geographic area
To run a franchise, you have to invest
money and pay franchise fees or a share
of the profits.

20. THAT’S All…
Bijou Solutions, Inc. |2020