The Ministry of Education and Science of the Republic of Kazakhstan

East – Kazakhstan region

City Ust-Kamenogorsk

Trend: Business

Theme: How to start business

Done by: Alibekov Timur

Student of the 10 “A” form

Supervisor: L. F. Cherednyak

A teacher of English.

Ust-Kamenogorsk

2013

Contests

Introduction

1. What is business?

• Basic forms of ownership.

2. Classifications of business.

3. Differences between small and big business.

4. Why do people choose to start their own business?

5. Steps of making business.

6. Entrepreneurs:

• Characteristics

• Qualities

• Reasons Why Most Entrepreneurs Fail in Business

7. Self-analysis by starting a business.

Conclusion

List of Literature

We live in the XXI-st century where business is highly developed. Many people want to have the own business and be a boss. But it is not a simple matter, because you should know how to start your own business. Without these rules you can fail and lose your money. Thus we have become interested in studying the material “How to start your own business”. The topic is rather actual nowadays because practically everyone wants to be a boss.

Hypothesis: Business is the key to success.

Actuality: My topic is actually, because nowadays business play important role in our life.

Tasks:

1. Study the find material.

2. Elicit information.

3. Analyze the ways of making business.

A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers. Business plan and Business model determine the outcome of an active business operation. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.

The etymology of "business" relates to the state of being busy either as an individual or society, as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

There are several commons forms of ownership: Sole proprietorship: A sole proprietorship is a business owned by one person for-profit. The owner may operate the business alone or may employ others. The owner of the business has unlimited liability for the debts incurred by the business.

Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.

Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or privately owned, and corporations can organize either for-profit or not-for-profit. A privately owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held or publicly held.

Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Classifications

Businesses can be classified according to the produced goods or services.

• Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.

• Financial businesses include banks and other companies that generate profit through investment and management of capital.

• Information businesses generate profits primarily from the resale of intellectual property and include movie studios, publishers and packaged software companies.

• Manufacturers produce products, from raw materials or component parts, which they then sell at a profit. Companies that make physical goods, such as cars or pipes, are considered manufacturers.

• Real estate businesses generate profit from the selling, renting, and development of properties comprising land, residential homes, and other kinds of buildings.

• Retailers and distributors act as middle-men in getting goods produced by manufacturers to the intended consumer, generating a profit as a result of providing sales or distribution services. Most consumer-oriented stores and catalog companies are distributors or retailers.

• Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provided to government, other businesses, or consumers. Organizations ranging from house decorators to consulting firms, restaurants, and even entertainers are types of service businesses.

• Transportation businesses deliver goods and individuals from location to location, generating a profit on the transportation costs.

• Utilities produce public services such as electricity or sewage treatment, usually under a government charter.

Difference #1: The People

Far and away, the most significant difference between a small company and a large one lies within the mix and variety of people who work there.  At a small company, the employee mix is both diverse and inconsistent.  Small companies are home to people who are always happy, people who are always mad, and people who ride the emotional roller coaster.  There are people who never talk, people who always talk, and people who spend most of the day with at least one foot firmly planted in their mouth.  Small companies are loaded with unattached twenty-somethings, divorced grandparents, and middle-aged people with kids—all with unique needs, unique motivations and personal lives that ultimately spill over into work.

Contrast this to the employee mix at a larger firm.  As an organization grows, employees begin to homogenize to the point where any outward ‘personality’ that exists among individuals is eventually eliminated.  Cultural expectations are set, groups begin to form, and people who no longer fit the big company ‘mold’ are forced out.  In fact, by the time a company breaks the billion dollar revenue mark, it actually becomes difficult to tell people apart as individuality is replaced with company-enforced conformity.  Employees buy the same clothes at the same stores, watch the same TV shows, and play in the same company-sponsored sports leagues as the people they work with.

Difference #2: The Environment

When you hear the phrase “big company,” the one word that immediately comes to mind is structure.  Structure in the form of policy manuals, comprehensive job descriptions, HR handbooks, management hierarchies and jam-packed meeting schedules.  By the same token, hearing the phrase “small company” almost always invokes the opposite impression: a complete lack of structure. In contrast to a large firm, at a small company it is rare that a new employee will start on Day 1 with an accurate job description; and if they do, the description is almost always outdated after the first month.  There are a distinct lack of policy manuals and work instructions, and formal meetings are only held in emergencies or for issues related to long-term planning.  Also at small companies, the most effective employees are the ones who take risks, and learn to circumvent the management hierarchy to get things done; whereas at a larger firm, more value is given to employees who complete their tasks within the rules and without exposing the company to unnecessary risks.

Difference #3: The Money

To cut right to the chase, the critical difference in the way money is treated at big companies versus small ones can be summed up in one sentence:

Spending money that comes directly out of someone else’s pocket changeseverything. And not in a good way.

Big companies might have stockholders, but small companies have OWNERS.  Owners, by the way, who have no problem chastising an employee for spending an extra $10 per night on a hotel during their last business trip.  Knowing that every dollar you spend comes out of an owner’s bank account makes working at a small company unnecessarily stressful—especially for departments like Marketing and Sales.  Also, small companies are full of opportunities for employees to become upset and disillusioned about finances.  Have you ever been asked to tell your employees about a company-wide wage freeze, only to have the owner drive to work a few weeks later in a new Mercedes?  Small company managers have.