Small Business Management

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Presentation transcript:

Small Business Management An Enterprise  A firm Business Trade Corporations Cooperatives cooperatives  Partnerships Sole Traders Limited Liability Company Public Limited Company Munif Ahmad

Small Business Management An Enterprise  A business (A firm) is an organization engaged in the trade of goods, services, or both to consumers. 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. Munif Ahmad

Small Business Management 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. Munif Ahmad

Business Size definitions Australia USA Europe Brunei (e.g.) Micro 1-2 1-6 <10 1-10 Small <15 <250 <50 Medium <200 <500 <100 Large <1000 Enterprise >1000 >500 Munif Ahmad