Responsibilities of Business Ownership - Ivy Talisic

Business
Management
BDA 604
What
Howare the responsibilities
would you describe
ofa abusiness
businessowner?
owner?
TYPE IT IN THE
CHAT BOX
IVY C. TALISIC,
LPT
Responsibility of Business 1
MAVED 2 Ownership
UNLOCKING TERMS
Business
Business Owner
Responsibility
CTU GRADUATE SCHOOL | BUSINESS MANAGEMENT | 5:00 PM-9:00 PM | DECEMBER 10, 2022 | via GMeet
Business Ownership
What is Business Ownership?
It refers to the legal control over a

business. It gives the owner the legal
capacity to dictate the business operations
and dealings.
Business
Owner
Who is a Business Owner?
refers to individuals who establish and operate an entity that

is engaged in commercial, industrial or professional activities
with the purpose of deriving profits from its successful
operations.
 own the assets of the firm or entity they formed

which they earn passive or active income from.
 in charge of making decisions significant to the

existence of the business
 the legal proprietors of a business.

5
Business Owner
Titles
What are the other terms of a business owner?
Chief Executive Officer

(CEO)
Proprietor Director
Managing Director
Founder President
Principal
Many business owners have a well-defined job description, but

this can vary widely depending on the industry and size of the 6
organization.
Business
Organizations
What are the types of Business Organizations ?
Sole proprietorship
Partnership
Corporation
Cooperative
The different types of businesses give an outline of a
structure to the ownership world. 7
ADD A FOOTER
Responsibilities
What are the responsibilities of
Business Ownership?
Planning and Strategy Staffing and Management
Sales and Marketing Financial
Daily Operations Customer Service

8
Responsibilities
How important is Planning and Strategy?
 in charge of creating and managing their business plan,

developing their marketing campaigns
 coming up with ways to keep the company competitive

and profitable
 Research and planning are essential skills for a business Planning

owner.
& Strategy
My Responsibility 9
Responsibilities
How important is Sales and Marketing ?
 responsible for joining sales calls and closing deals in

the early stages.
 be the go-to person for creating campaigns, approving

ads, running social media marketing and email
marketings
 conducting other marketing activities for the business.

Sales &
Marketing
My Responsibility 10
Responsibilities
How important is Daily Operations?
 work on the efficiency and effectiveness of daily

operations
 identify problems on where that occurs and find

solutions
 outsourcing non-core functions. Daily

Operations
Responsibilities
How important is Staffing and Management?
 in charge of building a great team to operate the

business.
 create the job descriptions, do performance reviews
 control employees’ pay, benefits, and advancements in
your company.
 reward employees with pay, benefits and recognition.
Staffing &
Management
Responsibilities
How important is Finance and Accounting?
 responsible for getting start-up capital to establish the

business
 are responsible for the fiscal health of their companies
 responsible for establishing budgets and sales forecasts
Finance &
Accounting
Responsibilities
How important is Customer Service?
 build a positive reputation for your business

 delight customers so they leave positive reviews and
make repeat purchases
 build a positive company reputation as reflected in
renewal rate, repeat purchase and testimonials.
Customer
Service
Conclusion
While Businesses have paved

the way to higher Income prosperity, there
will be more things to consider as a
Business Owner than as an employee.
15
REFERENCES
https://dutchuncles.in/discover/what-are-the-different-types-
of-business-ownership/
https://www.shopify.com/ph/blog/business-owner#:~:text=A
%20business%20owner%20is%20one,with%20a%20group%20of
%20people
https://fundsnetservices.com/business-owner
https://uit.stanford.edu/service-management/toolkit/
fundamentals/business-owner
16
THANK YOU!
Discussant:
IVY C. TALISIC
MAVED 2
Email:
italisic982@gmail.com

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Business

It refers to the legal control over a

refers to individuals who establish and operate an entity that

 own the assets of the firm or entity they formed

 in charge of making decisions significant to the

 the legal proprietors of a business.

Chief Executive Officer

Many business owners have a well-defined job description, but

Planning and Strategy Staffing and Management

Sales and Marketing Financial

Daily Operations Customer Service

 in charge of creating and managing their business plan,

 coming up with ways to keep the company competitive

 Research and planning are essential skills for a business Planning

 responsible for joining sales calls and closing deals in

 be the go-to person for creating campaigns, approving

 conducting other marketing activities for the business.

 work on the efficiency and effectiveness of daily

 identify problems on where that occurs and find

 outsourcing non-core functions. Daily

 in charge of building a great team to operate the

 responsible for getting start-up capital to establish the

 build a positive reputation for your business

While Businesses have paved

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