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Entrepreneurship refers to the concept of developing and managing a business and bearing the
most risk for enjoying most of the rewards in the future, The characteristics of enterprise are
Pure-risk taker, Self-Confident, Hardworking, and Innovative
Sole Proprietorship - This is the simplest and easiest way to get started. Just decide on a name
and start using it.
Partnership Firm - Two or more people can come together to form a partnership firm.
Company - The legal status of a company is different from that of its members.
Limited Liability Partnership - The unlimited liability of partners is the main reason why
partnership firms have not been able to grow in size to be internationally competitive.
One-person Company - It is recommended that the OPC be registered as a private company with
one member and at least one director.
Small Companies - Very demanding statutory requirements and an imposing fee structure
discourage small companies from incorporation.
Activity 2
1.
I. Name of business: Ram Internet Cafe
II. New Product: Computer and mini store
III. Type of product: Computer renting Good Internet cafe Services
2.
I. Name of business: Technogeek
II. Product: Variety
III. Type of Product: Computer parts and computer builder Good selling variety of computer parts
Service
IV. What’s new in the business: Computer service and repairs
3.
I. Name of business: Jollibee
II. Product: Food
III. Type of Product: Fried Chicken, Burgers, Fries, and a lot more
IV. What’s new in the business: 1300 branches nationwide
Activity 3.
A. Micro
I. Name of enterprise: Salon
II. Enumeration of assets: Cash, Machinery and equipment
III. Estimated Number of Employee: 9
B. Small Business
I. Name of enterprise: soft drinks dealer
II. Enumeration of assets: Cash, Vehicles, and warehouse
III. Estimated Number of Employee: 27
C. Medium
I. Name of enterprise: Taxi-meter / cab
II. Enumeration of assets: Cash, Vehicles, and land
III. Estimated Number of Employee: 129
Activity 4.
Activity 5.