I want to attend colloege to study business. Growing up, all the successful men I saw were businessmen. I want to own my own business in order to make a lot of money. I want to make money so I can buy a house and a car. I want to study business management because it will help me reach my dreams of owning my own business. I think the most important people in a business are the managers. They help run the business on a daily basis. These are my goals, and the first step in reaching them is college. Four types of business entity: 1.sole proprietorship: this is a business owned by one person for-profit. The owner may operate the business alone or may employ others. The owner of the business has unlimited liability for the debts incurred by the business. 2. partnership: this is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classfications of for-profit partnerships, are general partnerships, limited partnership and limited liability partnerships.
3. corporation: a corporation is a limited liability business that has a separate legal personality from its members. corporations can be either government-owned or privately-owned, and corporations can organize either for-profit or not-for-profit. A privately-owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately-owned, for-profit corporation can be either privately held or publicly held. 4. cooperative: often referred to as “co-op”, a cooperative is a limited lability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision making authority. cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy. The management
The efficient and effective operation of a business, and study of this subject, is called management. The major branches of management are financial management, marketing management, operations management, service management and information technology management. Owners engage in business administration either directly or indirectly through the employment of managers. Owner managers, or held managers administer to three component resources that constitute the business value or worth: financial resources, capital or tangible resources, and human resources. These functional resources are administered to in at least five areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resourcing.