INTRODUCTION TO

BUSINESS
SILLABUS 3
GROUP 3
Members :
1. Dinda suchi wulandari
2. Dyah sukma kartika
3 . Fa d e l h u s s e n
4 . Fa d i l a e l s a p r i m
5 . Fa d i r a z e n a a m a n d a
 1. BUSINESS OWNERSHIP
Definition
Business ownership means
having the control over a business
enterprise and being able to dictate
i t s f u n c t i o n i n g a n d o p e r a t i o n s .T h e r e
are three ways in which business
ownership may be acquired -
initiating a business, purchasing a
company that is already existing and
franchising.
Franchising

Franchising is one of the various ways in

which one may acquire business
ownership. The franchising model of
Starting a Business
business ownership is a combination of
start up as well as existing business
Starting a business enterprise on one’s own is one of the
ownership. Franchising means obtaining
three main types of business ownership. There are
the rights to market the products of
several benefits of this process. First and foremost the
another company that are already well
business owner retains complete control over the entire
established in the market. The main
business and is not answerable to any one else as he is
advantage in this case is that the risks
not contractually bound to do so.
related with establishing a new business
is not involved here. At the same time,
The owners also get the opportunity to introduce new
the owners do not have to establish much
products and services, new plans of business expansion
time for establishing their business in the
and a lot more.
market.
Acquiring Ownership of Existing Companies

Yet another way of getting business ownership is to buy out a

company that already exists. This offers a number of advantages like
reduction in the time as well as expenses that are incurred in setting
up a new business. There are other advantages like a ready made
client base and an already established chain of suppliers.
Independent
Business
Ownership

About Independent Business Ownership
• An independent business is operated in an
independent mode. It usually denotes privately
held firms in contrary to those public
corporations, which have been owned with the
help of allocation of shares in the stock market.
In majority of cases, the independent
businesses usually take the shape of sole
proprietorship companies.
• Sole proprietorship companies are those
companies that have only one owner and the
legal entity of the company cannot be separated
from the owner. The business is carried out in
the name of the owner.
FR
Advantages of Independent Business
Ownership
• Being an owner of an independent
business can be beneficial from many
aspects. The independent business
owner has the option of beginning on a
fresh note with absolute command over
the shape of the business and how it is
going to be supervised. The
independent business owner does not
have the necessity to enter into
contractual responsibilities with the
franchisees and also does not have any
legal requirements fixed by the earlier
business owner.
Types of Business Ownership

There are several types of business ownership

like franchises, solo proprietorships, private
limited companies, partnerships, public limited
companies, cooperative business enterprises etc.
The main difference between these types is the
amount of ownership rights that one gets in the
new establishment.
 Different forms of business ownership:
• Solo Proprietorship
According to the concept of solo proprietorship the
particular business is owned by a single individual and all
the related business decisions are taken by the person.
• Franchise
Franchise is one of the newest forms of business
ownership. It is very much in vogue nowadays, especially in
the United States of America.
In case of a franchise, the owner gets the right to
market and sell the products of another business entity that
has already established itself in the market.
• Private Limited Company
Private limited companies are mainly small or medium
sized business enterprises. They are normally owned by a
particular family or by a small group of businessmen and the
ownership rights are divided among these owners. All the
business decisions are subjected to the approval of all these
owners or at least the majority of these owners.
FR
• Partnership
Partnership is a type of business ownership where two or
more people shares the ownership of the company and the
profits or losses are equally divided among these owners. All
of them are motivated by the common goal.
• Public Limited Company
The public limited companies are a type of business
ownership that has very little amount of liability. These
companies have a lot of shareholders. In the United
Kingdom the term public limited company means any
company that has share capital of more than fifty thousand
pounds.
• Cooperative Business Ownerships
• The cooperative business ownerships work by following a
cooperative business model. These companies have
limited liabilities. The common goal of the members, as in
the case with partnerships, is making profits. All the
members have the right to play a significant role while
taking business decisions.
Different Forms of Business Ownership – Advantages
and Disadvantages

The advantages and disadvantages of different forms of

business ownership are a very important factor and
play a major role in the success of the entrepreneur. Some of the business ownership
There are various types of business ownerships and all
of them have their own advantages as well as forms and their merits and
disadvantages. demerits are the following:
More on Advantages and Disadvantages of Different
Forms of Business Ownership • Advantages and Disadvantages
of Initiating a Business
The advantages and disadvantages of different forms of
business ownership are of immense importance when it • Advantages and Disadvantages
comes to choosing any one of them. of Purchasing Established
Companies
• Advantages and Disadvantages
of Purchasing a Franchise
• Advantages and Disadvantages
of Network Sales Business
Selection of a Form of Business Ownership
• Selection of a form of business
ownership is the most fundamental as
well as most important part of starting
a business. There are several
important considerations that plays an
important role in this particular
process of starting a business.
FR
• Importance of Selection of a Form of
Business Ownership
• Legal Conditions in Selection of a
Form of Business Ownership
• Simplicity in Selection of a Form of
Business Ownership
• Considering the Advantages of
Different Forms of Business
Ownership
 Retirement Plans for Small Business Owners FR
There are various retirement plans for small business owners that are available at the present time. These retirement plans are
implemented for the small business workers for the purpose of providing retirement benefits to them. They include Simple IRAs,
SEP IRAs, Simple 401(k) plans and others.

• About Retirement Plans for Small Business Owners

The retirement plans for small business owners function as a source of benefits both for the small business owners and the small
business workers. These plans are available in different forms. In a number of developed countries, utilizing retirement plans for the
workers of small businesses is a mandatory requirement.
The features of the retirement plans for small business workers differ according to the amount of contribution, the participation
of the owners and employees, the contributions made by the owners on behalf of the workers, the deadline for depositing the
money, and the feasibility of carrying out the plans. These plans are also known as small business retirement savings plans.
These plans are advantageous in that they offer tax benefits to both employees and employers. With the help of a small business
retirement savings plan, the small business workers are able to save for contingency purposes in the future.
These plans can also assist a small business owner in retention of his skillful employees and in this way; significant savings in
business tax can be made. In addition, the small business owner can also insure his own retirement.
 2.Collaboration and business
development
What is Collaboration?
Collaboration is a working
practice whereby individuals
work together to a common
purpose to achieve business
benefit.

Add a footer 12
 Collaboration enables individuals to FR
work together to achieve a defined and
common business purpose. It exists in
two forms: What is Business development

Synchronous, where everyone interacts Business development is the creation of long-term value for an
organization from customers, markets, and relationships
in real time, as in online meetings,
through instant messaging, or via Skype,
and
Asynchronous, where the interaction can
be time-shifted, as when uploading
documents or annotations to shared
workspaces, or making contributions to
a wiki
culture of Business development collaboration
FR

Business collaboration benefits

• Financial benefits

• Human capital
5 reasons why collaboration is important • Physical capital
for the growth of the business
1. Self-awareness • Intellectual capital
2. Scale • Develop new processes
3. Creative Abrasion
4. Take the long view
5. Learn, learn, and learn some more
Add a footer 14
 Question Group 2 :
1. Name : Nurulya Putri Dwita
Nim : 18059195
Question : Can you give some example about franchise?
2. Name : Ilham Hamid
Nim : 18059189
Question : Saat membuat bisnis, kelompok bisnis manakah yang cocok untuk
pemula? Dan bagaimana cara mengatasi kerugian?
3. Name : Dina Aulia Hendri
Nim : 18059175
Question : Doesn’t have necessary to enter into contractual respondsibility
with the franchise,what the meaning about the statement?
4. Name : Fajar Almukaramah
Nim : 18059181
Question : Bagaimana perluasan franchise McD dalam kancah internasional?
Add a footer 15