Hi guys!

Today I want to share about my activity in the entrepreneur classes in this day. Today on 25 July 2019 (Tuesday) was a second class of this subject in this week. This week is still in the fourth week of the study session in this semester. Sir Zaini told us to continue the presentation that we have to stop on Tuesday classes. The next group that presents is group number 3 which is presents about partnership. Partnership is divided into two things. It is about advantages of partnership and disadvantages of partnership. What I learn about the advantages of partnership, it can increase in resources for capital, sharing of business risks, direct rewards, and ease of formation. Other than that, the disadvantages of partnership is unlimited liability, limited life span, lack of continuity and conflict.

The next group is group number 4. They will present about private limited company and public limited company. Both of that have the advantages and disadvantages. They have explained in details about the topic. What I learn about private limited company is it have the advantages such as limited liability, perpetual life and ease of expansion while the disadvantages is high set-up, high taxation and lack of freedom in the transfer of ownership. Public limited company has the advantages too such as perpetual life, transfer ownership and economics of scale. The disadvantages of public limited company is high taxation, high set-up costs and restriction of activities. Then Sir Zaini ask us a few questions about it to test our understanding besides waiting the next presenter to get ready the power point that they prepare.

Next is the turn of group number 5, They will presents about acquisition, start-up and franchise. Acquisition, start-up and franchise have the advantages and disadvantages. All of it is about liability and perpetual life. It was the last sub topic in chapter 3. Then Sir Zaini make a summary about this whole topics that we has presents. All of us did a great job because the explanation of each group is amazing. I am so glad that I can understands this topic very well.