English Unit 11 Skill to Initializing Up Business

7/23/2019 English Unit 11 Skill to Initializing Up Business

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Unit 11Unit 11

Skills for Initializing a BusinessSkills for Initializing a Business


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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


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Forms of business ownership:

1) Sole rader

2) !artnership ") !ri#ate $imited %ompany &Sdn. 'hd.)

() !ubli $imited %ompany &'hd.)



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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


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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


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Skills for Initializing a Business

Skill of recognizing resources

a) %apitalb) aw material

) $oation

d) 'usiness toolse) ;uman resoure


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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.


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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


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) 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.


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d) business e6uipment

basi e6uipment needed to run the operation of abusiness and earn profit.


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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.


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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-


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?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


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hank youhank you

1919

English Unit 11 Skill to Initializing Up Business

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