Business ownership - Term Paper Example

Comments (0) Cite this document
Name Tutor Institution Course Date Business Ownership In our daily lives, we have always read in the newspapers and other forms of media of the current global business trend. News of the stock exchange in the daily market has always taken the major part of the media showing how the current world has been made a business oriented place…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Business ownership
Read TextPreview

Extract of sample "Business ownership"

Download file to see previous pages It is always the dream of any person to own such multinational companies and successful businesses but what hinders everything is how to start, choose, plan and manage. This has always been a big challenge considering any business whether successful or still in the growing stage. Different people would have different views and plans on which business to start due the varying levels of understanding and desires. Such decisions are also affected by the availability of resources such as land, capital, labor and experience. Speaking from my point of view about the type of business that I would like to start someday given enough resources, this is what I would have in mind; starting my own business, sole proprietorship, and to be specific a computer components and accessories merchandise. I have a great passion in computer accessories and given that the business has a ready market, I consider it the best option to take. I would choose to be a sole proprietor where I would assume complete responsibility to anything that happens and also the liabilities and debts. In opening such a business, there are various factors that must be taken into account and this are explained below. For the marketing concept I would choose to do this critically by actually considering all the factors that my business would be dealing with. First of all and most important of all is to create and distribute well-designed and good business cards and posters throughout my locality with brief descriptions of what the business offers and the benefits that one gets by considering to purchase from the business. in doing the marketing, the main target market will be the youth aged between 15 to 35 given that this is the age group that has been seen to make higher purchases especially as it regards computer accessories. My marketing strategies through posters will mainly target to reach this group by ensuring to reach schools, colleges and other youth assembling places such as gymnasiums (Harper 22). Since my company would be dealing with computer technology which is characterized by time to time updates and innovation, attending of trade shows would also form the basis of my marketing concept. This would allow me to promote my products and services and will also facilitate collection of information from other companies playing a part in the same market. Attending these shows would also offer resources for locating diverse venues around the country where I could get potential customers and more ideas for developing the business. Other important marketing concepts would also include networking at my local chamber of commerce and building strong relationship with local media outlets. Ensuring that people and your clients find my business over the web and internet in general would form the last and most important of all factors of marketing of my product and company. I will ensure to create a company profile of my new business in both facebook and twitter as this is the place to reach the target age group easily (Paulson 31). For the type of distribution, I would design and use selective distribution where I would actually rely on few intermediaries that would actually carry and transport the computer appliances from the other retail shops. This distribution would also be dependent on the regions where this product would actually have more sales. An analysis will be done across major cities and towns to find retail shops ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business ownership Term Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
Business ownership Term Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Business Ownership Term Paper Example | Topics and Well Written Essays - 1000 Words)
Business Ownership Term Paper Example | Topics and Well Written Essays - 1000 Words.
“Business Ownership Term Paper Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business ownership

Compare and Contrast Two Types of Business Ownership

...? Compare and Contrast Two Types of Business Ownership al Affiliation In this paper, two forms of business ownership, namely; sole proprietorship and partnership are discussed. Sole proprietorship is the easiest and simplest form of business to start. However, it has its advantages and disadvantages. Advantages of sole proprietorship include the facts that it is easy to form, has little or no formalities, and there is no taxation for unemployment. Disadvantages of sole proprietorship on the other hand include the facts that since it is owned and managed by a single person, it seriously suffers for its debts and losses, capital cannot be raised by selling...
6 Pages(1500 words)Term Paper

Internationalisation of Family Business: The Effect of Ownership and Generation Involvement

...? Internationalisation of Family Business: The Effect of Ownership and Generation Involvement Family enterprisesinternationalise their businesses after consolidating their influence within their domestic market because once family businesses built up resources and capabilities for growth in domestic market, they are able to leverage it later for further expansion abroad. The paper seeks to examine factors that explain internationalization of family businesses and their relationship between ownership and governance of the business enterprise. Research show businesses have been interested in understanding...
20 Pages(5000 words)Research Paper

Family business an empirical analysis of their performance and ownership structure

.... In order to ensure that the companies are appropriately studied data of various companies fitting into the cross section of FFCFs with younger founders and those FFCFs with descendant leaders in the organizations helm were taken up. This would throw a new light on the working of the FFCFs. For the purpose of our study, a business is considered family business if the controlling interest in the firm is held by a founder or the family of founders. This has to be at least 5% of the total equity issued. And family firms are taken to be those that have family ownership of at least 5% of the stock or presence of family members on the board of directors or both. Under this condition it is...
40 Pages(10000 words)Essay

Business ownership and global business

...Small Scale Business Entity Research Company Corbin And Robinson Address: 13031 San Antonio Drive Norwalk, CA 90650-4305 Owner/Manager: Samuel Corbin Phone: (562) 929-6644 Website: None Products/Services: They are a small retailers of clothing and fashion apparels.. Ownership structure (sole prop., partnership, etc.): Corbin And Robinson is a Limited Liability Company (LLC) with only one director. How long have they been in business? At this location? They are in business since 2010 which means more than 1 year. How has the current economic situation affected the business? The present economic situation affects them adversely as their net profit is going...
3 Pages(750 words)Essay

Media Ownership

...Media Ownership The media is a very sensitive part of governance and society in general. It is for this reason that in some circles, the media is considered as the forth arm of government after the executive, legislature and judiciary. If the media is this powerful, then there is every justification in the claim that ownership of media should be highly regulated and if possible, limited. The reason is that a perforated media ownership practice may lead to several devastating consequences. Naturally, the media has been tagged as an avenue for entertaining, informing and educating the public. This is a generalized conception that has been accepted and practiced in several areas of the...
3 Pages(750 words)Essay

Develop a sense of the importance of integrity and ethics in small business ownership

...Integrity and ethics Integrity and ethics Ethics can be defined as the external system of laws while integrity is the internal setof principles which guide the behavior of an individual. In most business enterprises, ethics and integrity plays a significant role in the success of the business. According to most organizations, the success of the business is mainly centered on the integrity of the employees (Longenecker, Petty, Palich, & Hoy, 2012). Nowadays, most of the organizations are taking a proactive approach to prevent predicaments that result from lack of ethics and integrity. In fact, people of integrity consistently ensure that the organization is maintained to the highest standards. This paper will discuss the importance... of...
2 Pages(500 words)Essay

Do Contrast in the Long-term Financing and Ownership of Business Explain National Differences in the Governance and Management of Firms, and Fundamentally Account for the Success of Major Economies

...Do Contrast in the Long-term Financing and Ownership of Business Explain National Differences in the Governance and Management of Firms, and Fundamentally Account for the Success of Major Economies? 1. Introduction A company in global fast food industry, Kentucky Fried Chicken (KFC) specializes in fried chicken. To answer the question whether or not the contrast in the long-term financing and ownership of business explain the national differences in the governance and management of firms, and fundamentally account for the success of major economies, the case of KFC in UK, US, Japan, and China will be compared and contrast in terms of the nature of ownership, governance, business strategy, corporate objectives, power/authority... the...
10 Pages(2250 words)Essay

Gun ownership

...Gun Ownership Gun ownership has been a controversial topic within United s. Many incidents that have occurred in the recent times have shed light on gun ownership. While supporters of gun ownership argue that guns are necessary for personal protection and are only kept to protect them from an unexpected situations, opponents often argue that gun license should not be issued at large as protection of people is the duty of the police and giving such responsibility in the hands of civilians is unreasonable. Recently, cases of widespread shooting have occurred in schools and malls of United States claiming many lives. All these cases show how easy it is for people to own...
1 Pages(250 words)Essay

Critically discuss the relevance of the ownership structure of a firm and examine how this impacts on both the short-term and long-term strategies that are employed by business

...Ownership Structure of a Firm and its impact on Short-Term and Long-Term Strategies Employed by Business Table of Contents Table of Contents 2 Overview 3 Ownership Structure and Its Relevance 4 Ownership Structure of the Lego Group 4 Ownership and Control 6 Corporate Governance and Ownership 7 Emergence of Conflicting Objectives 8 Agency Cost and Ownership Structures 9 Summary 10 References 11 Overview The ownership structure of a firm implies a strong impact on the different approaches of the business, influencing its long-term and short-term developmental prospects. In general terms, ownership structure refers to the degree of control that is imposed on the organisation, which holds the potential of either hampering its growth... in The...
8 Pages(2000 words)Coursework

Software ownership

...Paraphrasing Paraphrasing An employee of Cyprotex was charged for having given wrong information sourced from a faulty research. Both the Court of Appeal and the High Court set investigations to get to the bottom of the matter. They had to give a just conclusion by first identifying issues such as the intended commercial use of the research. The facts were very clear that employee had created the disputed software used to carry out the research. The courts also established that Cyprotex owned the software’s copyright. Another party enjoined in the case was the University of Sheffield. The university was the pillar of the research in terms of financing. In addition, it had agreed to license the software for use in the research... Paraphrasing ...
1 Pages(250 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 Business ownership for FREE!

Contact Us