NATURE AND TYPE

OF
ENTREPRENEURIA
L VENTURE
LEARNING OBJECTIVES
At the end of this lesson, the students should
be able to:

- Describe the forms of entrepreneurial venture

- Classify the business according to nature
- Discuss the for Ms in the production system.
• Entrepreneurial concepts and
principles
• Entrepreneurial opportunities
• Entrepreneurial skillls Entrepreneurial
competency
What
Business
To
Open?
Business
• Envriomental Scanning competency
• External Environment
• Internal Environment
FORMS OF ENTREPRENEURIAL VENTURE

- Sole proprietorship
- Partnership
- Corporation
SOLE PROPRIETORSHIP
• ASSETS
- are resources with economic value that
owned and controlled by the business owners.
• LIABILITIES
- are debts or obligations which arise in the
course of business operations.
SOLE PROPRIETORSHIP
• ADVANTAGE
- The main advantage of sole proprietorship is that it is
the most manageable and least expensive form of
ownership.
• DISADVANTAGE
- The disadvantage is that sole proprietors have
unlimited liability since they assume all the debts of the
business.
PARTNERSHIP
• GENERAL PARTNERSHIP
- It is a form of partnership wherein the partners have unlimited
liability for the debts and obligations of the partnership.

• LIMITED PARTNERSHIP
- It is a form of partnership wherein one or more general partners
have unlimited liability and the limited partners have liability that
is only upto amount equal to their capital contributions.
PARTNERSHIP
• ADVANTAGE
- Advantage of partnership is its wider capital base.
• DISADVANTAGE
- Disadvantage of partnership is that partners are
jointly liable for all the obligations and effects
stemming from the decisions of the other partners.
CORPORATION
• A corporations has a minimum of five and
a maximum of fifteen owners who are
called shareholders.
• A corporation is owned and established
under the Corporation Code and
regulated by the SEC.
CORPORATION
STOCK CORPORATION – authorized to issue
shares of stock to stockholders

NON-STOCK CORPORATION – not authorized

to issue shares to the stockholders.
CORPORATION
DOMESTIC CORPORATION – organized under
the laws of the Philippines

FOREIGN CORPORATION – organized under

the laws of the foreign country but has the
authority to operate in the Philippines
NATURE OF
ENTREPRENEURIAL
VENTURE
SERVICE BUSINESSES

- is a type of business that

provides labor and other
services to the costumers.
MERCHANDISING BUSINESS

-is a type of business that purhases

products from other businesses
like manufacturers and sells them
to costumers at a high retail price.
MANUFACTURING BUSINESS

- is a type of business where raw

materials are transformed into
finished goods through product
processing, labor, and other
manufacturing processes.
AGRICULTRUAL BUSINESS

-is engaged in the production of

agricultural goods and animals.
It may sell its products as raw
materials or as finished goods.
HYBRID BUSINESS

-is a combined business both

offering products as well as
services.
SPECIAL CORPORATION

- cooperatives, joint ventures

and non-profit organizations
 PRODUCTION SYSTEM

Production
Input Output
process
INPUT
The input includes the following:
1. Manpower
2. Materials
3. Machine
4. Design
5. Instructions
PRODUCTION PROCESS
1. Manpower
2. Method
3. Machine
4. Materials