Professional Documents
Culture Documents
Sole Proprietorship
I. Introduction
The sole proprietorship is the simplest business form under which one can operate a
business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the
business and is personally responsible for its debts. This paper presents a sole proprietorship
business owned by William Briton located in the locality of Rosario, Batangas.
Its history started in simple decision making. Before, William Briton worked abroad but
he decided to stay here in Philippines for good so he put up a business, a grocery store. He
started selling in a small stall until his business arise and got a name in the market of Rosario.
From time to time, buyers are coming to buy until they created relationship. Now, the business is
20 years in the industry.
The purpose of this paper is to inform people to gain knowledge on the businesses
established here in the locality. It is essential to know the strategies formed by the business
owner which eventually affects the exchange of goods, supply, customers, competitors, and etc.
It is also presented here the Organizational Structure of the business cited and its SWOT
analysis. It is important to know how the business contributes to the environment especially its
contribution to the business world.
Owner
OPPORTUNITIES THREATS
•new products in the market offered •highly innovated machines or systems of the
•access to new market competitor
•increased demand of goods •existing or new competition
•low-priced products of other businesses
•other businesses have many people applicable
for them to accommodate many customers
V. Environment Analysis
a. Contribution to Community and Economy
Businesses in the country have been the contributors of the economy’s growth. Through
the business established by William Briton, people inside the community get affordable and low-
priced products which help them meet their needs. In some instances, his business offers lower
price than in other places.
b. Effects of Competitors
Because of the fast paced life of many people living in Rosario, there are many new
establishments formed in the place. Buyers are now centralized in the establishments which offer
fast systems, such are SM Hypermarket, Ultramega, etc. Because of that, there are lesser buyers
in the business of William Briton than before.