Business Environment Task 1 and Task 2

| A sole proprietorship is easy to create; there is minimal creation cost and time.The single owner has autonomy in decision making; sole owner makes all decisions related to the business and has complete ownership of business’s finances.

First step in intervention is to identify meaningful situations or contexts to promote communication and social interaction with Aiden. Situations that are motivating for Aiden, provide chance for communication and that are appropriate for his development. Aiden is most likely to talk, interact, and learn if he is doing something he enjoys. Aiden will benefit most if the settings selected are a good fit for his interests, needs, and skills. As he becomes comfortable with this approach: Gradually we’ll add more and more contexts as opportunities for communication. Aiden will have many more opportunities with communication when he is older. At his early stages of development, it is easy to adapt activities so that they are age appropriate as well as developmentally appropriate. To ensure that Aiden has an effective means to communicate and participate in social interactions.

sole trader- is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and

They provide them LOCALLY (e.g corner shop) or NATIONALLY (e.g Britsh Gas) or INTERNTIONALLY (e.g McDonalds)

Sole proprietorship is a type of business owned, managed, and operated by a single individual. Company profits are treated just like the owner’s income, and any money owed by the company incurs are considered to be the owner’s personal debts. One advantage of a sole proprietorship is that compared to the other forms of ownership, there are minimal cost and paper work involved with forming it (Kelly & Williams 2017). It’s an advantage for entrepreneurs who are ready to start a business. The owner has complete control of the business and can operate it how he or she chooses. Another advantage of a sole proprietorship is the owner has a feeling of pride ant personal satisfaction. There are not many legal requirements for a sole proprietorship company to operate. Low monitoring charges among the investors gives the company the ability to make on the spot decisions (Baik, Lee &Lee 2015). Another reason the sole proprietorship company has an advantage is that there is a low chance of being threating by competitors.

The BBC is the largest broadcasting organisation in the world. Its mission statement is to enrich people lives with programs that inform, educate and entertain. The BBC has the second largest budget of any UK broadcaster with an operating expenditure of £4.23 billion in 2009/2010. The only UK broadcaster with a larger operating expenditure is British Sky Broadcasting with £5.9 billion (http://en.wikipedia.org/wiki/BBC#Finance). The reason that Sky’s operating expenditure is higher is because Sky is a private sector PLC, which means that the public can buy shares in a company. Selling shares means more capital income is invested in

Sole Proprietorship as the name suggests is a one person owned firm, who is personally responsible for the whole debt, challenges and actions for the firm. It has its own share of challenges when it comes to financial statements and reporting needs.

Sole trader- A person who owns a business on their own is called a sole trader, they therefore have to supply all the capital income from their own sources or reach out to a bank using their own assets, such as their house to secure a start-up loan, therefore this makes the investment very high risk as they are solely responsible for all debts the business may come into. The size of the business can also be affected because of this however if the business becomes successful the owner can keep all of the profits to himself/herself.

A Sole Proprietorship is a single individual owner and operator. This includes business owners and independent contractors. Most of the time, a Sole Proprietorship includes services, such as your local coffee shop, rather than the manufacturing of goods which costs more money to start. Sole Proprietorships are usually small businesses and small businesses make up three-fourths of U.S. businesses and a vast majority of the economy. Sole Proprietorships are fairly easy and cheap to start. Quick and easy decisions can be made because the owner and operator is the single individual business owner. Finances and trade secrets can be kept secret, all profits belong to the owner, and they can have complete and total control of the decisions being made. A site will need to be established, this could even be a home office depending on the business. There is less government regulation and tax exempt accounts that can be used for Sole Proprietorships. Some cons to Sole Proprietorships include no liability or back-up money. This means that your personal belongings such as your house and your car can be taken if money is due. There are limited sources of money as well. The single individual responsible must also be healthy and working and single handedly skilled in many areas.

Sole Proprietorship- A simple business where a single person owns the business and is personally responsible for any debts incurred.

This business would be a sole proprietorship. A sole proprietorship is a business that is run by one single individual. I would be the owner of this small shop showing that it is a sole proprietorship. We will hire workers to do other jobs that are in our business. They will be assigned tasks that I may not be able to do.

* Sole Trader - Consists of a single sole owner who owns all the assets of the business and which has no legal incorporation. The owner has unlimited liability of the business.

Sole traders carry on business alone, thus leaving the owner with complete control of the enterprise and its employees, ownership of all profits, business assets and personal responsibility for all debts. It is the simplest business structure to set up and maintain.

Definition: Sole Trader is an organization keep running by one individual started. For instance, a hair parlor.

A business that is just owned by only one person, who receives all the profit for everything. Example of a sole proprietorship can be a hairdresser that buys a chair for their business and can get customers directly for them.