Professional Documents
Culture Documents
E R STA N D
UN D E S S
A B U S IN
AN IZIN G
ORG By: Tea cher Liza
INTRODUCTION
It will be an exciting journey to explore the
world of businesses – the places where products
are made, services are provided, and dreams
turn into reality. Our focus will be on
understanding how businesses are organized, the
different types they come in, and the key
elements that make them thrive. So, buckle up as
we dive into the fascinating realm of
Understanding and Organizing a Business!
WHAT IS A BUSINESS?
A business is an organization or entity
engaged in commercial, industrial, or
professional activities with the aim of making
a profit.
Examples:
Local stores, online shops, restaurants, and
more.
WHY ORGANIZE A BUSINESS?
Efficient use of resources.
Achieving specific goals.
Providing goods or services to
customers.
Making a profit.
TYPES OF BUSINESSES
Sole Proprietorship: Owned by one
person.
Partnership: Owned by two or more
people.
Corporation: Owned by shareholders,
managed by a board of directors.
TYPES OF BUSINESSES
Sole Proprietorship: Owned by one
person.
Partnership: Owned by two or more
people.
Corporation: Owned by shareholders,
managed by a board of directors.
SOLE PROPRIETORSHIP
A Sole proprietorship is an
enterprise owned exclusively by one
natural person and in which there is
no legal distinction between the
owner and the business entity.
SOLE PROPRIETORSHIP
Advantages:
Full control for the owner.
Easy to start.
Direct profits.
Disadvantages:
Limited resources.
Limited expertise.
PARTNERSHIP
A partnership is an arrangement
between two or more people to
oversee business operations and
share its profits and liabilities. In a
general partnership company, all
members share both profits and
liabilities.
PARTNERSHIP
Advantages:
More resources and expertise.
Shared responsibilities.
Disadvantages:
Shared profits.
Potential conflicts between
partners.
CORPORATION
A corporation is a legal entity that is
separate and distinct from its owners.
Under the law, corporations possess many
of the same rights and responsibilities as
individuals. They can enter contracts,
loan and borrow money, sue and be sued,
hire employees, own assets, and pay taxes.
CORPORATION
Advantages:
Limited liability for shareholders.
Easier to raise capital.
Disadvantages:
Complex legal requirements.
Less control for shareholders.
ORGANIZATIONAL STRUCTURE
Defines how tasks are divided,
organized, and coordinated within a
company.
cher Liza
By: Tea
MEMORANDUM
The meaning of MEMO is a usually brief
written message or report : memorandum.
WHAT IS THE PURPOSE OF A
MEMO?
Memos are designed for official internal
communications of a business or organization.
They are often sent to an entire organization
but are also useful for informing a single
department, team, or smaller group of people.
Memos disperse necessary information using a
simple, easy-to-follow format.
WHEN TO WRITE A MEMO
You should write a memorandum when you need
to relay official business items efficiently.
The aim of your memo should be to inform,
bring attention to a problem, or answer a
question. The following purposes are suitable
for a memo:
WHEN TO WRITE A MEMO
broadcast internal changes
disseminate news
share an upcoming event
update public safety guidelines
raise awareness about an issue
address a problem
make a request
share project updates
HOW TO FORMAT A MEMO
If you are sending a memo via email, it should
be formatted as a PDF. This retains the style
you’ve applied to the document. Traditionally
memos use twelve-point font for the body and
fourteen- to sixteen-point font for the
headings. Keep the font and design simple.
A MEMO SHOULD INCLUDE THE
FOLLOWING.
Heading Context
To Call to action and
From task statement
Date Discussion
Subject Closing
Opening statement
A MEMO SHOULD INCLUDE THE
FOLLOWING.
Heading Context
To Call to action and task
From statement
Date Discussion
Closing
Subject
You also have the option to include
Opening statement attachments to support the message
you are conveying in your memo. If
your memo is more than one page, you
should have a summary to wrap up your
points.
WRITE A MEMO IN 8 STEPS
Date: [Date]