Advantages and Disadvantages of the different types of business

There are three types of business the single proprietorship, partnership and the corporation or cooperative but in here ther are a lot of advantages and disadvantages of each type of business. I will explain first the advantages and disadvantages of single proprietorship. The advantages are if only one person or a single family is an owner of a business it isn't hard for him to decide what will be the next for his business and how the profits will be distributed, and it is easier to start the business alone, because maybe if you start a business with a partner problems may arise and the worst case the business will not be fulfilled, so it is better to start the business alone. The disadvantages are, the owner will suffer the losses if the establishment will not succeed, it has only a very limited capital, the legal liability is high, because he is the one in charge to pay all the debts, he has only limited skills, because his own skills will be used in running the business, and lastly, limited life, because if he dies, the whole establishment will be closed.

In partnership there are also advantages and disadvantages like, there are more capital and skills than a single-running business, and the business will have great efficiency because there are a lot to divide and specialize the labor and it can become successful. But, the disadvantages are like, the legal liabilities are also high bacause if you are a partner if any loss or damage you will be suffering for it(e.g. the desktop computer broke out both of you will be paying for it. Sharing the profits is the most problem(e.g. you and your partner only earned a hundred for a week, it will be hard to share it for the both of you and might cause the third disadvantage which is disagreement). Disagreement are usually caused by the sharing and differences of ideas(e.g. you have thought of having a free taste of your edible products and your partner don't want it, then it will cause disagreement).

In a corporation there are also advantages and disadvantages. It's davantages are there are a lot of capital for a business, of course if there will be a lot of stockholders there will be more capital earned, and it also have unlimited life, because even though it's original owner will die he can pass it to his descendants or to other reliable stockholder. The common disadvantages is that the problem in sharing the stocks and disagreements, it is like in the partnership but the corporation is much more bigger than it..

Different Types of Capital

There are three types of capital - fixed, circulating and freaa capital. First, the fixed capital this capital refers to permanent things. They last for a long time and can be used repeatedly. This fixed capital can be used as a collateral. This capital are office equipment like a desktop or a laptop computer, a fax machine, a photocopy machine, a water dispenser, and others, also, the factories, buildings, cars, machines, vehicles and etc. Second, the circulating capital, this capital refers to capital goods that are used only once and no more. But this capital can be replenished like gasolnie. The last is the free capital, this are goods used for production but very common. This can be sell to other producers but must be sold only on the same line of work. These are papers, raw, lumbers, cloth, plastics, and some elements.

Rich Dad Poor Dad

The story is about a person who has two fathers: his biological father is the poor dad, while his bestfriend's dad is the rich dad. Both father's taught the author how to achieve success but with very disperate approaches. It became evident to the author which father approach made more financial sense. Throughout the story, the author compares - their principles, ideas, financial practices, and degree of dynamism and how his real father, the poor and struggling but highly educated man, paled against his rich dad in terms of assets buildingand business acumen.

The author compares his poor dad to those people who are perpetually scampering in th Rat Race, helplessly trapped in a vicious cycle of needing more nut never satisfy their dreams for wealth because of one glaring lack: financial literacy. They spend so much time in school learning about the money, simply because it is never taught in school. His rich dad, by contrast, represents the independently wealthy core of society who deliberately takes advantageof the power or corporations and other personal knowledge of tax and accounting which they manipulate to their advantage.

The story theme reduces to fundamental concepts: a can do attitude and fearless entrepreneurship. The author highlights these two concepts by providing multiple examples for each and focusingon the need for financial literacy, hoe the power of the corporations contribute to making the wealthy even wealthier, minding your own business, overcomingobstaclesby not fosteringlaziness, fear, cynicism, and other negative attitudes, and recognizingthe charcateristicsof humans and how their preconceived notions and upbringing hamper their financial freedom goals.

Market Sytem

For me market system is the best economic system, because it is a free enterprise. There will be no one scolding you if you've done wrong, there will be no salary deduction and there will be no firing that will be made. It will be a very good enterprise. The owner will make alot of money even if his not working all day. He will be shocked when the time comes he becomes a millionaire.

In my Simple Way

In my simple way there are alot of things I can contribute to improve the condition of my school and community. I will introduce our school in medical missions, dental missions and feeding program so that we can also help our community not just our school. I will help the students that is having a hard time learning their lessons. I will teach my fellow students to have discipline and be more respectful to others. I'll help them to improve their skills that they are shy to show. In the community, I'll be helping in doing community service. I'll be helping an old lady cross the street. I'll throw the trash in the right trash can. And lastly I'll oney the rules that the administration of the community will be implementing.

Solutions for Labor Problems

Have great mind and be wise so that there will be no unemployed person in the Philippines. Here are some solutions for labor problems.

Regular Communications and Discussions between laborers and management
Each business administration should have a monthly or a frequent meeting so that each one will be informed of the new rules or task each laborer will do. The head of the company or business should make all the explanations clear and accept questions from his subordinates.

Collective Bargaining
This is used by the laborers to communicate with the administration. This should be used so that the cravings of the laborers will be easily heard by the management.

Voluntary Arbitration
This will happen if the bargain agreement will broke. They can use it with the help of DOLE.

Meditation and Conciliation
This is made outside the company but with the help of the government.

Conserving Valuable Things

Valuable things are mostly limited. So we need to conserve all of it. There are a lot of things we should know in conserving valuable things. Like knowing how much to consume when using it. Knowing how important it is in our environment. How much will it affect us if it will be gone. That's how exactly we can know how can we conserve those valuable things. Water needs to be saved and conserved because it is the greatest need of a person. We need to consume it with discipline. We need to close the faucet each time we do not use the water. Paper is also a valuable thing. Without paper where we'll write? We need to make our letters perfect so that there will be no abuse in using it. Air is also one. Clean air should be conserve because we need it in our daily lives so that there will be no harmful effects that will cause us a lot..

Let us all be wise.. Don't pretened you do not know how to concerned.. Be disciplined!!