Nobody downloaded yet

Creating, Financing, and Marketing a Business - Term Paper Example

Comments (0) Cite this document
Creating, Financing, and Marketing a Business Name: Institution: FINANCING, AND MARKETING A BUSINESS 1. Distinguish between the major forms of business ownership and compare the advantages and disadvantages of each Making a choice on the best form of ownership for a business is vital since the form of ownership determines the organization of the business…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Creating, Financing, and Marketing a Business
Read TextPreview

Extract of sample "Creating, Financing, and Marketing a Business"

Download file to see previous pages The majority of businesses begin as sole proprietorships. These are owned by a single person who owns all the business assets and generated profits, as well as the liabilities and debts that the business incurs. It has several advantages: Easy and inexpensive to begin the owner is in full control and may make decisions on their own terms laws permitting, the owner receives all the income from business, the profits flow from the business to the tax returns of the owner and he can dissolve the business as he sees fit. Its disadvantages are that the liability is unlimited, and capital is hard to rise. Corporations are state chartered and are separate from its owners. It can enter contractual agreements, be sued, and taxed. Corporations do not dissolve when there is a change of ownership. Its advantages are limited liabilities and ease to raise capital, while its disadvantages are that it is expensive to begin and its involving ongoing paperwork. Cooperatives, on the other hand, are autonomous associations, which involve people coming together for economic benefit. It is democratically owned and controlled by the members and is an entity on its own legally. Its advantages are the ownership and control wielded by its members and limited liability, while its disadvantages are slow decision-making and conflict risk among the members. 2. Identify the pros and cons of the partnership as a form of ownership. A partnership is the sharing of one business by more than one person. The law does not distinguish the owners and the business, just like a sole proprietorship. Its advantages are the sharing of risk among the partners and the sharing of business management duties. Its major disadvantages are the present risk of disagreement among partners and the shared decision-making (Groenewegen, 2009). 3. Discuss funding options for small businesses. There exist several ways in which businesses can be funded. They depend on what matters to the entrepreneur, the projection of further incomes, and the options available (Groenewegen, 2009). Businesses can be funded by: Debt financing, which involves obtaining a loan from a bank with which the entrepreneur is comfortable with Equity; involves attraction of investors, which while meaning a drop in profits coming to the entrepreneur, helps in expanding business. Venture capital; involves the sale of business interest with a financing group rather than with personal investors. 4. Determine and discuss how managerial accounting can help managers with product costing, incremental analysis, and budgeting. Managerial accounting can help managers with product costing, incremental analysis, and budgeting. Managerial accounting refers to detailed data utilized by the company’s members (Russell, 2008). It includes turnover cost, employee benefits costs, shipping costs, and product costs among other numbers, which the company has available. Human resources can utilize the data on benefits and turnover costs to make determinations on the budget and give increased wages to avoid turnover of employees. The store manager can utilize data on losses to check if customers or employees are thieving from him or her and add any necessary security. If a manager was in need to determine the suitability of a product’s price, they could check the data on sales to confirm whether supply and demand is near equilibrium and thus make necessary adjustments. 5. Discuss the basic components of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Creating, Financing, and Marketing a Business Term Paper”, n.d.)
Creating, Financing, and Marketing a Business Term Paper. Retrieved from
(Creating, Financing, and Marketing a Business Term Paper)
Creating, Financing, and Marketing a Business Term Paper.
“Creating, Financing, and Marketing a Business Term Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Creating, Financing, and Marketing a Business

Creating, Financing, and Marketing a Business

...? Creating, Financing And Marketing A Business [School Pros And Cons Of Partnership As A Form Of Ownership Partnership can simply be defined as the relationship that exists between people who agree to share profits (and losses) of a business carried on by them, or any of them representing the others (Weetman, 2003). Partnership has many benefits. Since a partnership has a lot of partners coming into it, they all bring their experiences into the business. Some of them might be good at handling business operations, some at finance related matters while some at IT management. With such a well diversified...
4 Pages(1000 words)Research Paper

Creating, Financing, and Marketing a Business

...?   Creating, Financing, and Marketing a BusinessCreating, Financing, and Marketing a Business Part a Partnerships havea number of advantages. First, it is unproblematic to create and maintain partnerships as a mode of ownership. It is not a requirement to register with the state and make payments as in a limited liability or corporation. Second, partnerships are flexible. In a partnership ownership, the partners have the ability to establish their benefits and responsibilities as the needs of the ownership demand or the partners presume adequate. In addition, the distribution of losses and profits and the design of the organization are more flexible than in other modes of businesses, for example, corporations. Third... ,...
4 Pages(1000 words)Essay

Creating, Financing, and Marketing a Business

...a business grows the company has higher needs for capital. A business structure that is extremely effective at raising capital is public corporations. A company becomes public after undergoing an IPO process. All public companies must be registered with the Securities and Exchange Commission (SEC). Public companies can raise money by selling common stocks in the open market. Firms have to option to sell common and preferred stocks. Common stocks have voting rights, while preferred stocks do not have voting rights but they have guaranteed dividend payments. A second way for public companies to raise money is through the sale of commercial paper. Corporations can sell bonds in the open...
4 Pages(1000 words)Essay

Creating a business

...Topic: Creating a business Submitted Submitted by The Air blue private Jet Company The place where you can rent a Jet! The major aim of the company is to maximize the element of litheness by means of providing ultimate relief for all the potential clientele. The company should be all set for launch in June of 2010 .Furthermore the Air blue Private Jet company is planning to present the market with an already enhanced service by tagging along an innovative aspect to the existing concept of custom-made air travel within the market . The company also aims at presenting the customer market with a very distinctive creation, and that too internationally,...
7 Pages(1750 words)Essay

Marketing Planning: Marketing Plan Creating

...1. Marketing Planning is most easily definable as the comprehensive, aggregative and integrated procedure of creating a marketing plan. In order to do so, all strategic components of the process inclusive of environmental factors, the markets, rivals, corporate objectives particularly as narrated in mission statements, a careful examination of all strategic issues, including the business environment, the markets themselves, as well as abilities and capacities all have to be critically examined. In fact, ensuring that the plan is communicated effectively to all related and concerned personnel is a part of the planning process (Bnet, 2008). 2. A Strategic Business Unit or an SBU is in essence a sub-segment within an organization... that is...
4 Pages(1000 words)Essay

Financing a Small Business

...with a big amount of cash. But, strictly speaking, it is found that this is the most preferred option for financing a small business as chosen by new businessmen. Investors This technique is usually done by big corporate giants. However, it also applies to small businesses which hopes to one day have become one of the big giants. It involves big spenders trying to catch a piece of the action. Basically, rich people who think your idea is good and is going to succeed in the real world, finance you with their own money. This means that this technique is used by people who have unique ideas of opening their business or bringing their own inventions in the...
5 Pages(1250 words)Research Paper

Creating a Business

...Topic:  Creating a Business Identify at least three challenges when setting up a business. Explain why they are challenges. There are challenges to be faced when setting up a business. Three of these major challenges are: sourcing of capital, working on a business idea, and the preparation of the business plan. Every business venture needs start up capital. There are those who decided to put up a business to profit from idle cash or savings. Capitalization may come from personal savings, loans or borrowings, personal sale of idle properties or from the investment of partners. A good credit standing...
3 Pages(750 words)Term Paper

Creating a Business Opportunity

...Creating a Business Opportunity 16th December Executive Summary Currently, PVC production is not that high in Indian markets where the manufacturing takes into consideration the capacity production of these chemicals for construction business of reputed companies. The study will analyse the authors plan and strategies for growth and expansion of the business in Mumbai, India. It will highlight various businesses, technical and non-technical process included in the manufacture and sale of the PVC chemical and its application in the construction business. The author of the study will show methods of...
6 Pages(1500 words)Essay

Healthcare Business & Financing

...Healthcare Business & Financing Introduction Health care system may be observed from a financial perspective in the sense that, just like any other business, healthcare system provides services to the community/clients at a cost. Moreover, health care system place orders for raw materials from the vendors and pays them using the available cash (Brief, 2014). The study aims to provide an insight of health care business and financing. The various sources of funding in the health system may include; organizations such as insurance firms, government, and individuals as discussed. Healthcare Business & Financing Researches...
4 Pages(1000 words)Essay

Enterprise: Creating Your Business

...of the carpooling will be provided to the customers (Tezcan, 2015, p.15). The customers must be provided all the details about the carpooling so that they utilize this concept. This is a new concept and many people are not aware of this concept. Therefore, it is essential that an awareness campaign should be initiated before starting this concept (Parikh et al., 2014, p.25). Customer segments The identification of the customer segments is considered to be very important for the success of the business. The business must identify that for whom it is creating value and who are its important customers. Similarly, the business must identify that whether it will target the...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Creating, Financing, and Marketing a Business for FREE!

Contact Us