4Botany

Mindblown: a blog about philosophy.

  • Types of Resources

    Learning Objectives By the end of this section, you will be able to: You have learned about many opportunities for entrepreneurs to explore and the processes that ensure their success. This discussion focuses on the various resources that entrepreneurs need to start, maintain, and grow an enterprise, and, in general, how to procure those assets.…

  • Introduction

    Figure 14.1 New Story is changing the way social enterprises manage resources through an innovative business model that uses crowdsourcing to fund construction. (credit: modification of photo provided by New Story) Chapter Outline 14.1 Types of Resources 14.2 Using the PEST Framework to Assess Resource Needs 14.3 Managing Resources over the Venture Life Cycle New Story, a forward-thinking social enterprise,…

  • Summary

    13.1 Business Structures: Overview of Legal and Tax Considerations Being an entrepreneur carries with it the responsibility to make significant decisions, the first of which is to decide the business purpose: For example, who should benefit from the creation of the entity? The second important decision to make is whether you are going to be a…

  • Mitigating and Managing Risks

    Learning Objectives By the end of this section, you will be able to: Risk management is key to operating any business in a profitable fashion. There are many risks facing an entrepreneur when starting and operating a new business venture. The trick is to eliminate risks that will hurt the venture, while taking on risks…

  • Additional Considerations: Capital Acquisition, Business Domicile, and Technology

    Learning Objectives By the end of this section, you will be able to: In addition to the main entity selection topics already discussed, such as ownership structure and taxation, there are other considerations that entrepreneurs might want to consider. For example, when choosing a business format, a founder would be interested in how to raise…

  • Sole Proprietorships

    Learning Objectives By the end of this section, you will be able to: A sole proprietorship is a business entity that is owned and managed by one individual and has very little formal structure and no mandatory filing/registration with the state. This type of business is very popular because it is easy and inexpensive to form. The…

  • Limited Liability Companies

    Learning Objectives By the end of this section, you will be able to: A limited liability company is a hybrid of a corporation and a partnership that limits the owner’s liability. The big advantage that LLCs have over GPs is in the protection of owners from personal liability. Thus, an LLC is similar to a corporation in…

  • Partnerships and Joint Ventures

    Learning Objectives By the end of this section, you will be able to: A partnership is a business entity formed by two or more individuals, or partners, each of whom contributes something such as capital, equipment, or skills. The partners then share profits and losses. A partnership can contract in its own name, take title to assets,…

  • Corporations

    Learning Objectives By the end of this section, you will be able to: A corporation is a complex business structure created by filing the appropriate documents with the state of incorporation (Figure 13.4). They are created when the original incorporators (owners) file a formal document called the articles of incorporation, or other similar documentation, with a state agency, often the…

  • Business Structures: Overview of Legal and Tax Considerations

    Learning Objectives By the end of this section, you will be able to: The structure of a new business creates the legal, tax, and operational environment in which the business will function. In order to choose a business structure, entrepreneurs need to have a clear understanding of the type of business they seek to establish,…

Got any book recommendations?

Get In Touch