Upload
kobeb-edward
View
230
Download
0
Embed Size (px)
Citation preview
7/23/2019 English Unit 11 Skill to Initializing Up Business
1/15
Unit 11Unit 11
Skills for Initializing a BusinessSkills for Initializing a Business
7/23/2019 English Unit 11 Skill to Initializing Up Business
2/15
Learning OutcomesLearning Outcomes
1) Understand the types/ forms of business
2) Know the skills needed to initial a business.
Unit 11 Skills for Initializing a BusinessUnit 11 Skills for Initializing a Business
7/23/2019 English Unit 11 Skill to Initializing Up Business
3/15
Unit 11 Skills for Initializing a BusinessUnit 11 Skills for Initializing a Business
7/23/2019 English Unit 11 Skill to Initializing Up Business
4/15
Forms of business ownership:
1) Sole rader
2) !artnership ") !ri#ate $imited %ompany &Sdn. 'hd.)
() !ubli $imited %ompany &'hd.)
Unit 11 Skills for Initializing a BusinessUnit 11 Skills for Initializing a Business
7/23/2019 English Unit 11 Skill to Initializing Up Business
5/15
Sole Traders Partnership
* business+ one ownerpro#ides the permanentfinane and+ in return+ heretains full ontrol of the
business and en,oys all theprofits
Characteristics:Sin-le ownerelati#ely smallot separate entityUnlimited liability
he relationships thatsubsists between personsarryin- on a business inommon with a purpose to
make profit
Characteristics:0wned by 22 partnersShared deision makin-ot separate entityUnlimited liability
Unit 11 Skills for Initializing a Business
Legal Structure of Business Organization
7/23/2019 English Unit 11 Skill to Initializing Up Business
6/15
Unit 11 Skills for Initializing a Business
Legal Structure of Business Organization
%ontrol
30* 4 *0*
3im. 3ember3im. *uth.%apitalShare issue
*ount
%o. Seretary
Si5e
Priate Limited
Compan!&Sdn 'hd.)0ften by ori-inalownereeded
1none
annot ad#ertise
may submit simplifiedaountsdoes not ha#e to be6ualifiedusually small
Pu"lic Limited
Compan! &'hd.)'y seleted 'oard of7iretorseeded.
289+
0pen+ on stokehan-e
strit re6uirement ofthe format of aountmust be 6ualified
lar-e
7/23/2019 English Unit 11 Skill to Initializing Up Business
7/15
Skills for Initializing a Business
Skill of recognizing resources
a) %apitalb) aw material
) $oation
d) 'usiness toolse) ;uman resoure
7/23/2019 English Unit 11 Skill to Initializing Up Business
8/15
Skill of recognizing resourcesSkill of recognizing resources
a# capital
entrepreneur must ha#e suffiient funds to initiate andrun a business.
the total funds needed is based on the si5e and kind ofbusiness+ and loation.
Soures of apital are personal funds+ funds from familyand friends+ retirement aounts+ and banks.
a workin- paper needs to be submitted in order toobtain a loan from the bank.
7/23/2019 English Unit 11 Skill to Initializing Up Business
9/15
Skill of recognizing resourcesSkill of recognizing resources
b) raw materials
entrepreneur must lookin- for a -ood 6uality rawmaterials with a reasonable prie in order to produe
6uality produt or ser#ie that fulfil the ustomerneeds and re6uirements.
the total stok of raw materials also need to be wellarran-e to a#oid
7/23/2019 English Unit 11 Skill to Initializing Up Business
10/15
Skill of recognizing resourcesSkill of recognizing resources
) business loation
entrepreneurs must hoose a strate-i loation forthe business.
the seletion of a loation is influened by fatorssuh as a#ailability of apital+ rental+ ompetitors+infrastruture+ tar-et market+ and market si5e.
7/23/2019 English Unit 11 Skill to Initializing Up Business
11/15
Skill of recognizing resourcesSkill of recognizing resources
d) business e6uipment
basi e6uipment needed to run the operation of abusiness and earn profit.
7/23/2019 English Unit 11 Skill to Initializing Up Business
12/15
Skill of recognizing resourcesSkill of recognizing resources
e) human resoure
the total human resoure needed is based on thesi5e and kind of business+ and bud-et.
the ,ob desription must be well written down in aworkin- paper as a -uide to the workers re-ardin-their responsibilities.
7/23/2019 English Unit 11 Skill to Initializing Up Business
13/15
Skill to Identif! $et%orkingSkill to Identif! $et%orking
*ordin- to ;olt &1>>2)+ networkin- is a relationshipbondin- proess with indi#idual and or-ani5ation toprodue somethin- that benefiial and useful.
ype of networkin-:
!ersonal networkin-
'usiness networkin-
!ubli networkin-
7/23/2019 English Unit 11 Skill to Initializing Up Business
14/15
?mportane of networkin-:
a) @et early information.b) edue mana-ement proess.
) Failitate produt promotion 4 ser#ie.
Skill to Identif! $et%orkingSkill to Identif! $et%orking
7/23/2019 English Unit 11 Skill to Initializing Up Business
15/15
hank youhank you
1919