5 11 business ownership


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5 11 business ownership

  1. 1. Business Management Flower: Dahlia Term: Sole Proprietor
  2. 2. Dahlia <ul><li>Availability: supply varies, July-Nov. </li></ul><ul><li>Color: pink, red, yellow, orange, white, and bicolors </li></ul><ul><li>Flower form varies; size varies from buttons to magnificent dinner-plate; many cultivars exist. </li></ul><ul><li>Large to Medium mass flower </li></ul><ul><li>Longevity: days 2-10 </li></ul><ul><li>Sold by Bunch (5) </li></ul><ul><li>Cost $10-15/bu </li></ul>
  3. 3. Sole Proprietor <ul><li>The simplest form of business ownership. </li></ul><ul><li>There is one owner who reports the income under his or her own ID number. </li></ul><ul><li>There is no liability protection – if the business is sued – the owner is personally sued. </li></ul>
  4. 4. Other Types of Businesses <ul><li>Partnership – Just like a Sole Proprietorship with more than one owner. </li></ul><ul><ul><li>Income reported on personal income tax – divided according to partner interest. </li></ul></ul><ul><ul><li>No liability protection </li></ul></ul>
  5. 5. What is Liability <ul><li>The state of being legally obliged and responsible </li></ul><ul><li>If your business is sued and does not have enough assets to cover the amount, your personal assets are sold to cover the difference. </li></ul><ul><li>Results in Bankruptcy </li></ul><ul><li>We live in a litigious society </li></ul>
  6. 6. Corporations <ul><li>LLC (Limited Liability Corporation) </li></ul><ul><ul><li>Taxed either as a individual or corporation </li></ul></ul><ul><ul><li>Personal assets are safe </li></ul></ul><ul><ul><li>Apply with the State Corporation Commission </li></ul></ul><ul><ul><li>Need to have Corporate By-laws </li></ul></ul><ul><ul><li>Easy to do – apply on line </li></ul></ul><ul><li>Corporation </li></ul><ul><ul><li>Taxed as a corporation and as individual </li></ul></ul><ul><ul><li>Personal assets are safe </li></ul></ul><ul><ul><li>Must have a board </li></ul></ul><ul><ul><li>Need an attorney to set-up an S or C Corp </li></ul></ul>
  7. 7. Steps for a new business <ul><li>Complete a Business Plan - Thursday </li></ul><ul><li>Apply for a Local Business License </li></ul><ul><li>Register the Business with the state </li></ul><ul><li>Apply for an FEIN </li></ul>
  8. 8. Cut Flowers Review
  9. 9. Gladiolus Sword Lily <ul><li>Availability: year-round </li></ul><ul><li>Color: white, pink, red, purple, green, yellow, and various bicolors </li></ul><ul><li>Unique Characteristics: Flower stem is geotropic, curving away from gravity. Colors are many; florets can be plain, fringed, or ruffled, continuing to open progressively. </li></ul><ul><li>Large line flower: Excellent choice for line-mass designs. Florets are sometimes used in bridal or corsage work to create composite flowers. </li></ul><ul><li>Longevity: weeks 1-2 </li></ul><ul><li>Sold by: Bunch (10) </li></ul><ul><li>Cost: $8.00 </li></ul>
  10. 10. Limonium Misty Blue <ul><li>Availability: year-round </li></ul><ul><li>Color: lavender, blue, pink </li></ul><ul><li>Air-dries well; appears more open than other Limoniums. </li></ul><ul><li>Small filler flower </li></ul><ul><li>Longevity: weeks 1-2 </li></ul><ul><li>Sold by bunch of 5 </li></ul><ul><li>Cost: $6.00 </li></ul>
  11. 11. Gerbera - Common & Botanical Name <ul><li>Mass flower </li></ul><ul><ul><li>Formal or informal </li></ul></ul><ul><li>Available year-round </li></ul><ul><li>Colors yellow, red, orange, pink, & white </li></ul><ul><li>Lasts 4 -14 days (not in foam) </li></ul><ul><li>Leafless stems </li></ul><ul><li>Uses special straw to protect stem </li></ul><ul><li>Sold by: Bunch (10) </li></ul><ul><li>Price: $.89/st </li></ul>
  12. 12. Spray or Mini Carnation <ul><li>Genus: Dianthus </li></ul><ul><li>Availability: year-round </li></ul><ul><li>Color: red, yellow, orange, white, pink, lavender, and various bicolors </li></ul><ul><li>Flower is fragrant, long lasting, and has many cultivars. Shows ethylene sensitivity. </li></ul><ul><li>Small mass flower: Extremely long-lasting flower and buds add texture, form, and mass. </li></ul><ul><li>Longevity: days 10-14 </li></ul><ul><li>Sold by bunch (5), $3.50/bu </li></ul>
  13. 13. Alstromeria Peruvian Lily <ul><li>Genus Name: Alstromeria </li></ul><ul><li>Available year round </li></ul><ul><li>Colors: White, yellow, pink & purple usually striped and freckled </li></ul><ul><li>Long-lasting, attractive, ethylene sensitive </li></ul><ul><li>Form flower, topiary standard </li></ul><ul><li>Lasts 12-15 days </li></ul><ul><li>Sold by bunch (10), </li></ul><ul><li>$7.00 </li></ul>
  14. 14. Standard Rose <ul><li>Genus Name: Rosa </li></ul><ul><li>Availability: year-round </li></ul><ul><li>Color: red, pink, yellow, white, lavender, orange, and bicolors </li></ul><ul><li>Fragrant; air-dries well; will benefit from stems being cut under water during processing </li></ul><ul><li>Sold by the stem length 40 -60 -70 cm </li></ul><ul><li>Mass flower: The rose is as varied in color as in its applications. Uses are limitless. </li></ul><ul><li>Longevity: days 3-10 </li></ul><ul><li>Sold by: Bunch (25) </li></ul><ul><li>Price: $.85/stem </li></ul>
  15. 15. Baker’s Fern <ul><li>Genus: Rumohra </li></ul><ul><li>Available year round </li></ul><ul><li>Dark green. </li></ul><ul><li>Fronds are triangular, available in several size grades </li></ul><ul><li>Medium to large filler, covers mechanics, adds mass & texture </li></ul><ul><li>May have spores on the back – be careful in corsages </li></ul><ul><li>Longevity: 1-2 weeks </li></ul><ul><li>Sold by bunch (12) </li></ul><ul><li>Cost: $3.00/bunch </li></ul>
  16. 16. Ranunculus Persian Buttercup <ul><li>Availability: January-May </li></ul><ul><li>Color: pink, red, orange, yellow, and white </li></ul><ul><li>Unique Characteristics: double flowered form is most readily available in the cut flower trade </li></ul><ul><li>Medium mass flower: Buds and leaves can also be used to add texture or interest. </li></ul><ul><li>Longevity: days 4-7 </li></ul><ul><li>Sold by: Bunch 10 </li></ul><ul><li>Cost: </li></ul>
  17. 17. Statice <ul><li>Genus: Limonium </li></ul><ul><li>Availability: year-round </li></ul><ul><li>Color: lavender, purple, blue, yellow, and white </li></ul><ul><li>Air-dries well with a papery texture; durable and versatile. </li></ul><ul><li>Small filler flower: adds texture to any style of perishable or dried flower designs. </li></ul><ul><li>Longevity: weeks 1-2 </li></ul><ul><li>Sold by: </li></ul><ul><li>Cost: </li></ul>
  18. 18. Delphinium <ul><li>Availability: year-round </li></ul><ul><li>Color: blue shades, white </li></ul><ul><li>Color can be bold; </li></ul><ul><li>Ethylene sensitive. </li></ul><ul><li>Medium line flower </li></ul><ul><li>Works well in garden-style designs, adding intense blue color </li></ul><ul><li>Longevity: days 4-12 </li></ul><ul><li>Sold by: </li></ul><ul><li>Cost: </li></ul>
  19. 19. Standard Carnation Dianthus <ul><li>Availability: year-round </li></ul><ul><li>Color: white, red, yellow, orange, pink, lavender, purple, green, and various bi-colors </li></ul><ul><li>Unique Characteristics: Flower is fragrant, long lasting and durable, and extremely versatile. Many cultivars are available. </li></ul><ul><li>Shows ethylene sensitivity. </li></ul><ul><li>Design Applications: Medium mass flower, uses are unlimited. </li></ul><ul><li>An excellent choice for paving, terracing, or pillowing techniques. </li></ul><ul><li>Sold by: Bunch (25) </li></ul><ul><li>Wholesale price:$.35 </li></ul>
  20. 20. Larkspur Consolida <ul><li>Availability: June-September </li></ul><ul><li>Color: white, pink, purple </li></ul><ul><li>Stems can be hung upside down to air dry. florets will remain intact. </li></ul><ul><li>Feathery foliage is indicative. </li></ul><ul><li>Flower is ethylene sensitive. </li></ul><ul><li>Medium line flower: Serves as an excellent choice for adding line, and works especially well in mixed garden bouquets or feminine designs. </li></ul><ul><li>Longevity: days 9-10 </li></ul><ul><li>Sold by Bunch (10) </li></ul><ul><li>Cost: $8.00 </li></ul>
  21. 21. Pompon or Cushion Pomp <ul><li>Genus: Chrysanthemum </li></ul><ul><li>Spray mum with no button in the center </li></ul><ul><li>Availability: year-round, </li></ul><ul><li>Color: white, yellow, lavender, purple, bronze, and burgundy </li></ul><ul><li>Flower form consists of solid ray florets. Stems often have long laterals. This flower is known for its longevity and durability. </li></ul><ul><li>Medium mass flower: Round form adds mass to any style of design. Flower is extremely versatile. </li></ul><ul><li>Longevity: weeks 2-3 long lasting </li></ul><ul><li>Sold by bunch, $3.00 </li></ul>
  22. 22. Daisy Pompon <ul><li>Genus: Chrysanthemum </li></ul><ul><li>Spray mum with a button in the center </li></ul><ul><li>Availability: commercial product: year-round, many cultivars </li></ul><ul><li>Color: white, yellow, bronze, burgundy, and lavender </li></ul><ul><li>Flower form is the same for all daisy pomps with the center colors varying by cultivar. Stems often have long laterals. </li></ul><ul><li>Medium mass flower: Round form adds mass to any style of design. Flower is extremely versatile. </li></ul><ul><li>Longevity: weeks 2-3 long lasting </li></ul><ul><li>Sold by bunch </li></ul>
  23. 23. Football or Incurve Mum <ul><li>Availability: year-round </li></ul><ul><li>Color: white, yellow, pink </li></ul><ul><li>Flower form is classified as an intermediate incurve mum. </li></ul><ul><li>A disbud mum. </li></ul><ul><li>Large mass flower: Round form adds mass, and is a good candidate for use in traditional line-mass designs. </li></ul><ul><li>Longevity: weeks 2-3 long lasting </li></ul><ul><li>Sold by stem for very large flowers or bunch 10 for smaller. </li></ul>
  24. 24. Spider or Fuji Mum <ul><li>Availability: year-round, many cultivars </li></ul><ul><li>Color: white, yellow, green </li></ul><ul><li>4-5” flowerhead form is produced by many fine to coarse ray florets on a single stem. This is a disbud mum. </li></ul><ul><li>Large mass flower: Unique “spider” form adds mass and interest; and is useful in traditional line mass designs. </li></ul><ul><li>Longevity: weeks 2-3 long lasting </li></ul><ul><li>Sold by bunch or stem depending on size </li></ul>
  25. 25. Red Rover <ul><li>Availability: July-November </li></ul><ul><li>Color: red tipped yellow </li></ul><ul><li>Flower contains yellow tips and is available as a single stem. </li></ul><ul><li>Medium mass flower: Round form is a good choice for line-mass designs </li></ul><ul><li>A nice choice for autumnal arrangements in combination with other members of the Chrysanthemum genus. </li></ul><ul><li>Longevity: weeks 1-3 long lasting </li></ul><ul><li>Sold by bunch </li></ul>
  26. 26. Wax flower <ul><li>Chamelaucium </li></ul><ul><li>Availability: September-May </li></ul><ul><li>Color: purple, pink, or white </li></ul><ul><li>Fragrant, citrus-like smell is apparent upon breaking leaves. </li></ul><ul><li>Small filler or line flower. </li></ul><ul><ul><li>Versatile filler </li></ul></ul><ul><ul><li>Adds movement to handheld bouquets </li></ul></ul><ul><ul><li>Provides length or height to container arrangements. </li></ul></ul><ul><li>Longevity: days 7-10 </li></ul><ul><li>Sold by: Bunch </li></ul><ul><li>Cost: </li></ul>
  27. 27. Sprengeri <ul><li>Asparagus (Sprenger) </li></ul><ul><li>Available year round </li></ul><ul><li>Airy, often trailing stems; thorny; sometimes displays green berries; newer growth appears light green. </li></ul><ul><li>Available in long lengths for garlands & bridal work or short stems for corsages </li></ul><ul><li>Plant used in hanging baskets </li></ul><ul><li>Longevity: 1-2 weeks </li></ul><ul><li>Sold by bunch (10) </li></ul><ul><li>Cost: </li></ul>
  28. 28. Stock <ul><li>Genus: Matthiola </li></ul><ul><li>Available Jan – October </li></ul><ul><li>Colors: white, yellowish-cream, lavender, purple, burgundy-wine </li></ul><ul><li>medium line flower: a staple for the florist. Can also be useful to add mass to varied design styles </li></ul><ul><li>Longevity: 4-7 days </li></ul><ul><li>Sold By: Bunch (10) </li></ul><ul><li>Cost: $8.00 </li></ul>
  29. 29. Monte Cassino Aster <ul><li>Availability: Year round </li></ul><ul><li>Color: white, lavender </li></ul><ul><li>Flower has prominent yellow center. </li></ul><ul><li>Small filler flower </li></ul><ul><li>Daisy-like flowers lend themselves to garden-style designs </li></ul><ul><li>Longevity: days 7-10 </li></ul><ul><li>Sold by: Bunch </li></ul><ul><li>Cost: </li></ul>
  30. 30. Calla Lily <ul><li>Zantedeschia </li></ul><ul><li>Available Year round </li></ul><ul><li>Pink, yellow, white, orange </li></ul><ul><li>Lasts 4 – 10 days </li></ul><ul><li>Formal Line flower – frequently used for wedding work - not really a lily </li></ul><ul><li>Sold by: Stem </li></ul><ul><li>Cost $2-4 each depending on size </li></ul>
  31. 31. Lisianthus <ul><li>Genus: Eustoma </li></ul><ul><li>Availability: year-round </li></ul><ul><li>Color: white, pink, purple, bicolor </li></ul><ul><li>Flower stem is phototropic </li></ul><ul><li>Many cultivars are available. </li></ul><ul><li>Shows ethylene sensitivity. </li></ul><ul><li>Medium form or mass flower. </li></ul><ul><li>Laterals are generally longer for smaller-scale designs. </li></ul><ul><li>All varieties work well in romantic-style arrangements. </li></ul><ul><li>Longevity: days 7-14 </li></ul><ul><li>Sold by: Bunch </li></ul><ul><li>Price: $10 </li></ul>
  32. 32. Solidago <ul><ul><li>Availability: *Year Round* </li></ul></ul><ul><ul><li>Color: yellow – can be dyed red </li></ul></ul><ul><ul><li>Air-dries well; often contains long enough laterals to be used individually. </li></ul></ul><ul><ul><li>Small filler flower, also canbe used as a line element in smaller-scaled designs. </li></ul></ul><ul><ul><li>Longevity: days 7-10 </li></ul></ul><ul><ul><li>Sold by Bunch </li></ul></ul><ul><ul><li>Cost: $5/bunch </li></ul></ul>
  33. 33. Bear Grass <ul><li>Xerophyllum </li></ul><ul><li>Availability: year-round </li></ul><ul><li>Color: green </li></ul><ul><li>Unique Characteristics: Plant air-dries well; leaves are narrow and bladed, and display an arching habit. </li></ul><ul><li>Small filler: Multilinear filler is an excellent choice for adding movement to container or bouquet work. Works well in mass. Often is used to create loops in corsage and boutonniere designs. </li></ul><ul><li>Longevity: weeks 1-3 long lasting </li></ul><ul><li>Sold by bunch </li></ul><ul><li>Cost: </li></ul>
  34. 34. Snapdragon Antirrhinum <ul><li>Availability: year-round </li></ul><ul><li>Color: pink, white, yellow, purple, and orange </li></ul><ul><li>Flower stem is geotropic in that stems bend away from gravity. Store in vertical position to avoid curvature. </li></ul><ul><li>Individual florets “snap” when gently squeezed. Most varieties have sweet fragrance. </li></ul><ul><li>Medium line flower: Serves as an excellent choice for any style of design. </li></ul><ul><li>Longevity: days 10-14 </li></ul><ul><li>Sold by Bunch 10, $10 - $12 </li></ul>
  35. 35. Today <ul><li>Displays – Read chapter 22 in book </li></ul><ul><li>Answer the questions on the worksheet and place them in your notebook. </li></ul><ul><li>We need to create a display for the end of the school year. </li></ul><ul><li>Sketch a potential display for the annex display case. </li></ul>
  36. 36. Annex Display Case
  37. 37. Fauquier FFA Annual Banquet You and your family are cordially invited to our Annual Chapter Banquet. Join us in celebrating our chapter and our member’s achievements as well as recognizing those who have supported us throughout the year. A meal is provided. Please RSVP by calling 428-2152 or 428-2160 by May 4th. Thursday, May 13 th , 2010 6:00 pm Effie Bell Cafeteria Fauquier High School