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Rafiqul Alam Khan’s

PRESENTATION

Presentation Topic

Manhattan Distributing: A Sole Propietorship with Family Problems

A sole proprietorship, also known as the sole trader or simple a proprietorship , is a type of business entity that is owned and run by the individual in which there is no legal destination between the owner and business

The owner reviews all profits and has unlimited responsibilities for all losses and debits of the business are the proprietors. It is a “sole” proprietorship in contract with partnership

Sole Proprietorship

Easily establishedNo parties or shareholdersOnly pay taxes on income generation. All after tax profits stays with the ownerMinimal government regulationOwner’s capabilityOwner must bear all costs of setup and

maintenanceNo others to share burden or add expertiesUnlimited liability for debt. Unlimited liability for malpractice

Features

We profile a few large companies that ware

started by sole proprietors

Examples

Problem

Statement

A business founder such as Joseph Rotberg would be so emotional about how the company is run and operated because in a family-run -business ,emotion can be extremely powerful. Emotion is important because family-run-business is operated by family members( husband, wives, sons, daughters, sons in law, daughter in law) Emotion helps to minimize flights, arguments, clashes, accusation between the family members

Solution to

Problem No 1

No, we think that Nalon Should not work

out a transfer-of-ownership plan with his father-in-law. A succession planning is very important in a family owned business because fights, arguments and clashes which are common in a family run business annoy family members mean that efficiency suffers and profit can be los. Soto become a successful in a family run business succession business planning is very important.

Solution to Problem No 2

Nolan has a great value like a group SOB

( Sons of Bosses). The SOB had helped him to deal with his father-in-la. The SOB offered him a set of guidelines which can be useful in preventing harsh, emotional conflict. He can receive clear job responsibilities.

Solution to Problem No 3

Yes, we think that it would be very

informative for Joseph Rothberg to attend as a guest, an SOB meeting because it establishes a family council . The SOB improves relationship within families so that members can enjoy the personal benefits of continuing a meaningful tradition which is very important for Joseph Rothberg.

Solution to Problem No 4

1. Family run business operated by family

member ( husband, wives, sons, daughters, sons-in-law, daughter-in-law, cousins, aunt, uncle )

2. Fights, argument and clashes that annoy family member are some major problems of family-run-business

3. Emotion is very powerful in a family run business

4. Many training program, pamphlets and videos are available to solve the problems in a family-run-business

5. We should establish a family council to solve problems in a family-run-business

Learning's

SWOT analysis means- strength, weakness, opportunities and threats. In the sole proprietorship the SWOT analysis is :-

Strength1. Independence of the

owner.

2. Applying creativity of the owner

Weakness1. Unlimited liabilities

2. Can’t be large owing to capital scarcity

Opportunities1. Easily established

2. Only pay taxes on income generated

3. Minimal government regulation

Threats1. Can be closed any time

2. Deprived of government provided benefits

SWOT ANALYSIS

The oldest, the most common form of

private business ownership in the United State is the. In a sole proprietorship business owners achieves many advantages such as ease of starting, freely control, sole proprietorship in profits. There are some disadvantages such as unlimited liability, difficulty in raising capital. Despite there problems, sole proprietorship still survives among the large corporations

Conclusion

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