Creating Financing And Marketing A Business

Submitted By Miliwoman1
Words: 1354
Pages: 6
Open Document
Creating, Financing, and Marketing a Business

Milagros Barsotti

Professor Edwin Martinez

Business 100

August 25th 2012

Abstract

The creation, financing and marketing a business is how to help the entrepreneur to carry out a high-growth innovative company with basic knowledge and fundamental to carry out the business of your dreams.

Creating, Financing, and Marketing a Business

• Sole Proprietorship • Partnership • Corporation • Limited Liability Firm (LLC/LLP)
Partnerships: Two Heads (and Bankrolls) Can Be Better Than One In a Partnership, two or more people share ownership of a single business. Like proprietorships, the law does not distinguish between the business and its owners. The partners should have a legal agreement that sets forth how decisions will be made, profits will be shared, disputes will be resolved, how future partners will be admitted to the partnership, how partners can be bought out, and what steps will be taken to dissolve the partnership when needed. It is hard to think about a breakup when the business is just getting started, but many partnerships split up at crisis times, and unless there is a defined process, there will be even greater problems. They also must decide up-front how much time and capital each will contribute, etc. General Partnership divides responsibility for management and liability as well as the shares of profit or loss according to their internal agreement. Equal shares are assumed unless there is a written agreement that states differently. Advantages of a Partnership:

• Partnerships are relatively easy to establish. • With more than one owner, the ability to raise funds may be increased. • The profits from the business flow directly through to the partners' personal tax returns. • Prospective employees may be attracted to the business if given the incentive to become a partner. • The business usually will benefit from partners who have complementary skills. Disadvantages of a Partnership: • Partners are jointly and individually liable for the actions of the other partners. • Profits must be shared with others. • Since decisions are shared, disagreements can occur. • Some employee benefits are not deductible from business income on tax returns. • The partnership may have a limited life; it may end upon the withdrawal or death of a partner. Types of Partnerships that should be considered: Limited Partnership and Partnership with limited liability Limited means that most of the partners have limited liability (to the extent of their investment) as well as limited input regarding management decisions, which generally encourages investors for short-term projects or for investing in capital assets. This form of ownership is not often used for operating retail or service businesses. Forming a limited partnership is more complex and formal than that of a general partnership.

Funding the Money: Funding Options for Small Business

First determine what your financial needs, including the amount of money you need and how long it takes to pay its debts. Determine the type of loan you need: line of credit, term loan, leasing for car purchases, credit cards, etc., And the type of the creditor to whom you can go, which can be a microfinance agency, a credit union, commercial bank or a venture capital fund.

Personal Resources is one way to obtain financing that does not require us to have to pay interest or repay the money, we use our personal savings or other personal source that we have, for example, using credit cards or sell any personal asset.

Loans is a transaction whereby a financial institution (bank or other financial institution) makes available a certain amount of money by a contract.
Following the granting of the loan, together with the capital provided by the loan, we acquired the obligation to repay the capital in a period of
Show More

Related Documents: Creating Financing And Marketing A Business

Creating Financing, And Marketing A Business

Creating, Financing, and Marketing a Business BUS 100 March 3, 2013 Creating, Financing, and Marketing a Business A partnership is a voluntary agreement under which two or more people act as co-owners of a business for profit (Kelly & McGowen, 2012, p. 76). There are some advantages of this form of agreement whereas each partner has the right to participate in the company’s management and share in profits and losses, but also has unlimited liability for any debts the company incurs. A…

Words 1750 - Pages 7

Creating, Financing and Marketing a Business Essay

Creating, Financing and Marketing a Business Business 100 8/26/12 Creating, Financing and Marketing a Business This paper will focus on the total creation of a new business. First, will be a look at the pros and cons of a partnership as a form of ownership. Next is a review of the different funding options for a small business. Then a description of how managerial accounting can help with cost, incremental analysis and budgeting. Finally is a review of a marketing strategy and how social…

Words 1093 - Pages 5

Creating, Financing, and Marketing a Business Essay

Instructor Center. Assignment 2: Creating, Financing, and Marketing a Business Due Week 8 and worth 280 points Write a 3-4 page paper in which you: * Identify the pros and cons of the partnership as a form of ownership. * Discuss funding options for small businesses. * Determine and discuss how managerial accounting can help managers with product costing, incremental analysis, and budgeting. * Discuss the basic components of the marketing process using a product or service…

Words 310 - Pages 2

Microsoft IP Ventures Essay

developments in the broader technology field. This is done by offering technology to the venture capital community in exchange for equity. IP ventures will have an observer seat on the board. Microsoft supplies public relation, marketing and technology support but not financing. Many corporations that had operated VC efforts had revised them. Corporations such as Sun and Dell had disbanded their VC operations where others such as IBM and Microsoft chose not to invest but to provide assistance. Some…

Words 463 - Pages 2

Essay BUSINESS PLAN TEMPLATE 8 2013 4

BUSINESS PLAN TEMPLATE MG110 Introduction to Business Park University Online Program This is a template showing the required information for each week of the Business Plan Project. You may use it, or create your own. If you create your own, all of the information found below must be included. It is acceptable to include appropriate graphics as long as they relate to the concept being discussed. The purpose of this project is to help integrate concepts to a real or hypothetical business. It…

Words 362 - Pages 2

B Found Test Notes

get a say. Business Process: A series of activities that accomplish a business objective. EX: for a university BP would be to get students registered for classes, it includes all the things that would make that happen. Make schedule, Post in ISIS, Advise students, register student, Check preq, Bill Involved in creating a Strategy: develop a long-range plan, align internal functions in support of the plan, and adjust based on opportunities. Mission Statement: describes a business organization…

Words 740 - Pages 3

Unique Gift Baskets Case Study

Future Growth MGT/401 The Small Business Future Growth Unique Gift Baskets (UGB) started with a vision of creating extraordinary gift baskets by allowing their customers to design and at times provide the materials and supplies for the baskets. UGB is growing at a rapid pace and is currently exploring the possibility of going global. As UGB grows, changes must be made. This paper will include strategies for use if the business goes global. Plans for building a management team to continue…

Words 990 - Pages 4

Essay on New Business

GLOBAL BUSINESS ENVIRONMENT CANADABUSINESS.CA THESE CAN BE 20 USEFUL POINTS TO START THE BUSINESS 1) Business Idea - It is very necessary to find out the business idea which will lead you in the industry, it is important if you want to start new entrepreneur. To do this, we need to understand the value proposition you're creating. Estimate the economics as best you can so as to figure out ahead of time if customers will actually agree to purchase your product or service for significantly more than…

Words 965 - Pages 4

Proposal: Business and New Restaurant Essay

Creating a Restaurant Business Plan A business plan is essential for most new businesses seeking any kind of financing. It is absolutely imperative for a prospective restaurateur. By creating a restaurant business plan, you do two things: • You show the bank you have a clear and concise plan for getting your restaurant up and running. • You will learn about all the different parts of restauranting, as well as your local competition and the local market. A business plan is especially helpful…

Words 1146 - Pages 5

Essay on Chapter 11 Achieving World Class Oper

production – product or service which is intended for sale at a money- price in a market Public Production- Household production – that they purchase but from commodities they transform into good through a house hold production Operations management Marketing ( manages Customers ) Operations ( Manages Creation of good and services ) Finance ( Manages Money MIS ( Manages information ) 2. Describe with examples, the difference between process manufacturing & the assembly process and the continuous process…

Words 1189 - Pages 5