In week 4, I learned about Factors in Selecting a Business Ownership.  This is my first time learning about entrepreneurs in more details.  We were assigned a group assignment to prepare the presentation on this topic.  We completed this assignment using the convenience of a laptop located at TECC.  After completing the assignment, the presentation begins group by group.  Each group presents the assigned task and questions are answered throughout the presentation.
Through this presentation, students can learn more about entrepreneurs.  On the whole, this activity enhances the knowledge as well as can closer relationships between students and lecturer.

In addition, in this chapter I have learned about Capital, Personal Assets, Span of Control, and Sharing of Information.  This is also my first time learning about this.  What I've learned is Capital is the main element that determines the type of business.  Personal Assets are liable to the creditor if losses are incurred either in a sole proprietorship or a partnership.  If an individual wants to have a bigger span of control and authority, sole proprietorship is the best form of ownership.  If an individual decides not to share information with his counterparts, it is advisable for him to form a sole proprietorship.  That's a summary of what I've learned about 4 factors in selecting a business ownership.

In conclusion, what I have learned so far has helped me in carrying out this entrepreneurial project.




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