How to start a business
1.0 Executive Summary
The main purpose of this report is to give some advices to Peter who retired as an engineer and never contact with business in the past. Through this report, firstly, you can see several forms of business organization which are sole proprietorship and partnership. Secondly, it will show that some background about Peter and some advices to him. Then, it is about introduction of accounting and benefits of an accounting system with a flow chart of a simple accounting system. Finally, it is conclusion about this report.
2.0 Introduction
Peter, you used to be an engineer, therefore, you never contact with business in the past. Do not worry, I will introduce some information about business in this e-mail. Of course, I will give you some advice. First of all, I will introduce several form of business organization. Do you know? There are two types of this which are sole proprietorship and partnership.
3.0 Situational Analysis
3.1 Form of Business Organization
3.1.1 Sole Proprietorship
Sole proprietorship, is a personal investment management, to all individuals and control, from individual to assume business risk and enjoy all the business income of the enterprise. By way of individual proprietorship business owned enterprise has unlimited economic responsibility, bankruptcy when debit can withhold the owner's personal property. For example, a hairdresser, a plumber, an accountant, a lawyer, a trainer etc. Of course, there are some advantages of sole proprietorship I want to you know. On the one hand, enterprise assets ownership, control, the management right, and the right of profit is highly unified. This is helpful to conservative and enterprise management and the development of the secret, which is beneficial to the owner individual entrepreneurial spirit of the development. On the other hand, there are also some disadvantages of sole proprietorship. It Vulnerable to the host country political, economic, cultural and other uncertain
The main purpose of this report is to give some advices to Peter who retired as an engineer and never contact with business in the past. Through this report, firstly, you can see several forms of business organization which are sole proprietorship and partnership. Secondly, it will show that some background about Peter and some advices to him. Then, it is about introduction of accounting and benefits of an accounting system with a flow chart of a simple accounting system. Finally, it is conclusion about this report.
2.0 Introduction
Peter, you used to be an engineer, therefore, you never contact with business in the past. Do not worry, I will introduce some information about business in this e-mail. Of course, I will give you some advice. First of all, I will introduce several form of business organization. Do you know? There are two types of this which are sole proprietorship and partnership.
3.0 Situational Analysis
3.1 Form of Business Organization
3.1.1 Sole Proprietorship
Sole proprietorship, is a personal investment management, to all individuals and control, from individual to assume business risk and enjoy all the business income of the enterprise. By way of individual proprietorship business owned enterprise has unlimited economic responsibility, bankruptcy when debit can withhold the owner's personal property. For example, a hairdresser, a plumber, an accountant, a lawyer, a trainer etc. Of course, there are some advantages of sole proprietorship I want to you know. On the one hand, enterprise assets ownership, control, the management right, and the right of profit is highly unified. This is helpful to conservative and enterprise management and the development of the secret, which is beneficial to the owner individual entrepreneurial spirit of the development. On the other hand, there are also some disadvantages of sole proprietorship. It Vulnerable to the host country political, economic, cultural and other uncertain