1. Please grab a chair and sit in the centre.

2. 1. DESIGN FOR THE FUTURE PRESENTATIONS
Please put your cell phones away in courtesy of the presenters.

3. Let’s go over the worksheet together.2.
FORMS OF OWNERSHIP
Let’s go over the worksheet together.

4. Owner receives all of the profits and is responsible for all debts.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

5. The business is operated by two or more people who share the costs and responsibilities.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

6. The easiest type of business to start and administer.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

7. The business is managed by a board of directors.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

8. Parent company often advertises on behalf of all its operators.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

9. The business gives its owners one vote per share.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

10. The business gives one vote per owner, regardless of shares owned.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

11. Primary motive is service, not profit.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

12. Operator pays a monthly fee to the parent company.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

13. Owned by members who buy products or use service offered by the business.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

14. Liability can be limited or unlimited, depending on the agreement.
Sole Proprietorship
Partnership
Corporation
Co-operative
Franchise

15. Can you think of examples for each form of ownership?3.
EXAMPLES
Can you think of examples for each form of ownership?

16. Sole Proprietorship Most local businesses
A family-owned pizza shop, since 1986

17. Partnership
Did you know that M&M’s not only makes M&M’s but also Skittles, Snickers, Twix, Milky Way, etc.?
Famous corporations that began as partnership business:
A&W
Baskin-Robbins
M&M’s
Proctor & Gamble

18. Corporation Private corporation Controlled by only a few people
The business is not listed for sale on a stock exchange
Public corporation
Shares are for sale on the stock exchange
Crown corporation
Operated by the provincial or federal government

19. Corporation Most large name companies
BUT local small businesses can be incorporated (Inc. or Ltd.)
Get Fresh Coin Laundry
Microsoft: on NASDAQ as MSFT
Chipotle is 100% corporate-owned.
In other words, NO franchise.
Canada Post is operated by the federal government.

20. Co-operative Often non-profit
An organization committed to providing early childhood education.
A retail cooperative, acting as a buying organization of individual members.

21. Franchise Most commonly encountered daily
Midas (franchise fee: appx. $30 000)
Starbucks (franchise fee: appx. $ )

22. 4. STARTING YOUR OWN BUSINESS
Hang in there!

23. Why do people go into business?
To become the BOSS
To achieve financial independence
To use the skills and knowledge
To be creative

24. Questions You Should Ask Yourself
What type of business do you want to own?
Remember different ways of classifying a business?

25. Questions You Should Ask Yourself
What are your skills and interests?
How can you apply them to your business?

26. Questions You Should Ask Yourself
Will your business be home-based? Office-based? Web-based?

27. Questions You Should Ask Yourself
What kind of research can you do about your business?
Industry Canada (
Statistics Canada (

28. Questions You Should Ask Yourself
What are the Start-up costs?
How are you going to finance your business?
Business Know-How Calculator:
The Wall Street Journal Calculator:

29. Questions You Should Ask Yourself
What level of risk can you expect?

30. Grading Rubric Content Are answer all questions answered completely?
Organization
Is your proposal organized in an easy to follow manner?
Presentation
Is your proposal visually appealing when appropriate?
Communication
Does your proposal follow the rules of the English language?
Is the proposal written in your OWN voice?