What Type Of Business Ownership Works Best For You?

Business Ownership being presented as an enterprise that involves itself in goods and or services to the end consumer can be created from many different industries to include consumable and non-consumable products, textiles, auto, technology, energy, farming, transportation, financial, real estate and many more. Before you move ahead in business ownership, there are many key factors to take into consideration.

First of all, you will need to decide if you are going to be a sole owner, a partnership or a corporation and if you will have shareholders. As the business owner, the basis of the business will include having a clear business plan created to include the flow of the entire organization.

Depending on the size and structure of your business, you will need to decide what departments you need for your type of business. For example, let’s consider some very important departments that may be key to the success of your business.

First of all, the Administration Department could consist of the business owner if he or she is running the business, the board of directors, and possibly a Managing Director shares the vision of the business and is key in guiding the employees to maintain the flow of the business plan in place.

The Finance Department heads the Financial Manager of the business and this employee should be able to predict and adjust for profits and losses on a daily basis as well as understand how to balance and maintain the financial stability of the company by working with the capital provided all while working toward positive financial growth.

The Production, Service and Distribution departments contribute to the growth of the business substantially when proper employees are in place with sufficient and specialized skills, experience and knowledge depending of what the type of business demands. The latest technology and advanced methods should always be used to ensure the most development and growth for the company.

The Human Resource Department Manager is key to the success of the business in regards to the quality of employees that are hired and needs to be able to effectively communicate with the owner and other managers of the business as well as the employees. The HR Manager will be dealing with employee issues and needs to be able to communicate effectively with all parties involved all while maintaining company and legal policies and working with all parties involved to resolve any issues that arise in a professional manner.

These four Departments need to be considered when taking on the exciting venture of Business Ownership and you as the owner, will need to understand and be capable of deciding the functions of each department and always be aware of what is happening in the workplace and have control of your business in every aspect.

This is What Transfer of Business Ownership Entails

There are many reasons that may lead one to transfer his business ownership to another party. One reason is that, the owner may wish to move on to a different locality, and since he may not be able to oversee its operations from far, he may be forced to just give up his ownership rights to someone else. The steps are easy, but should follow a legal process, in case of misunderstanding issues that may arise later on.

Since there are many methods through which someone can carry out the transfer of a business ownership, it is good to first understand the implications of each method and settle for the one that suits your personal situation. The most suitable is the one that fits your psychological satisfaction as well as financial state. Methods of transfer, like sale of the business will mean that you will be able to receive some financial gains from what you have invested in over years.

If on the other hand you choose to pass on the ownership to a son or daughter, you may not have the full confidence that the venture will run the way you will want it to. All the same, there is a price to be paid for all the choices we make. If you decide to lease out your business, be sure to follow all the legal requirements that will protect both you and the lessee from future misunderstandings.

Leasing allows you the opportunity to continue earning from the business as you will be entitled to monthly payments or periodic payments according to what both parties will agree and sign to in the contract. In the lease, you could also agree with the lessee that they will buy the entire business after some period of time.

The Chronicles of Narnia: Discover People Can Be a Distracting Nuisance To Business Ownership

In watching The Chronicles of Narnia: The Voyage of the Dawn Treader, I quickly discovered that Eustace was a uncooperative nuisance and a continual party-crasher. A real bummer! Same for business ownership. There will be people who are a huge nuisance and you don’t want to be around them because they become a huge distraction, bring you down, and is bad for business.

For most business owners, they can’t stand to be around nuisance. Nuisance people tend to be negative, demeaning, lazy, and it’s unattractive…INSIDE. Now, I’m not saying you have to hang around negative people or even like them. On the contrary, you need to develop Positive Relationships and cultivating these type of friendships takes hard work and trust.

People Can Change If They Choose To

What I am saying though is that, given the right situation, knowledge, environment, and opportunity, nuisance-prone people can learn to change if they choose to. That’s just it…they have to WANT to make their lives better. We can’t accomplish this task for them.

People who decide to take the necessary steps for personal development and growth, realize that they genuinely can live positive, productive, and “attractive” lives. Have you ever been around a person, especially for me, it’s usually a female, who has a very profane and vulgar mouth? One who seems to use expletives every single word?

NOT VERY pretty, is it?

Caring and Encouraging Positive Action

Like Eustace in The Chronicles of Narnia: The Voyage of the Dawn Treader, some people just need some encouragement to become better human beings. Some need the knowledge to know better. I’m partial to this, however, because I believe there’s some “common sense” when it comes to behavior modification and breaking “bad habits”.

People, annoying, nuisance-prone people, need to know that someone cares about them, believes in them, and is willing to invest their time to help the “subject” discover that they can become more than what they currently are. In the scope of business ownership, this awareness is vital for any business to grow substantially with any value.

Usually speaking, Positive Changes in a person’s life takes Positive Action and doesn’t happen overnight. Especially, since bad habits have taken, sometimes, years to develop. It shouldn’t be expected to get a person who’s a nuisance to you and your business to change right away.

Nonetheless, with effort, determination, perseverance, knowledge, and taking action, positive and valuable results can exist!

It may take some time. Yet, it CAN happen.

Meeting Nuisance Head-On

So, what can one do? Well, I believe that we need to encourage those willing to change and leave behind anyone willing to remain belligerent, a nuisance, apathetic, lazy, who desires just to live a mediocre life. Not much you can do for them anyhow!

In the space of business ownership and entrepreneurship, meeting nuisance head-on can be a creative way to cultivate your patience. Invite these types of challenges, annoying customers, and see it as an opportunity to develop your personal growth.

How can you help? Below are 3 ways to help an annoying, nuisance-prone person break the “annoying,” sometimes destructive habits.

1. Help Them Identify When the Habit Appears Most Prominently

Conscience awareness is vital to identify when a bad habit appears. Often, habits appear just like clock-work, without much thought. It’s on the sub-conscience level that a solution becomes more challenging. There’s hope, though. I say that the bigger the challenge or obstacle, the more glory there is in overcoming it.

2. Help Them Define How Much Control They Have Over the Habit

Everyone wants control! Mostly, people with nuisance and bad habits just don’t know HOW to control themselves. No self-discipline. It becomes essential, especially in a business ownership situation, to gain control when circumstances get out of control. Someone who truly leads will be able to discern when they need to “jump in” and take control of an annoying customer or employee.

3. Help Them To Break the Habit By Replacing It With a Less-Annoying Habit

This is easier said than done, I know. Nonetheless, it’s better to replace a bad, sometimes destructive habit, with a lesser one because this allows them “space” to work through their behavior modification processes more effectively.

In my opinion, I’d rather see a person bite their nails than have them constantly interjecting their words by disrupting the conversation when I’m speaking.

Everyone reading this probably has been guilty of interrupting someone when they’re talking.

Most importantly, be patient and do your best to show grace and compassion when dealing with a nuisance. Show kindness, gentleness, self-control, and humility. Often times, if none of this works to help them, you just have to ignore the person and move on with your business and life!

Secret Discovered

Whether in a business ownership or merely in life, you’ll soon discover that people can, and will, be a distracting nuisance. They WILL exist. It’s a part of life. Fortunately, people can change if they choose to. As Servants and those who Lead, we are entrusted to lead by example and illustrate what it means to be overcome bad habits and to live positive, productive, and attractive lives.

In The Chronicles of Narnia: The Voyage of the Dawn Treader, you’ll notice that Eustace realized his annoying behavior and how he had become a “royal” nuisance to everyone. It took great deal of encouragement, grace, and patience to have Eustace turn around from his actions. Eustace made such a turn around, that his actions influenced C. L. Lewis’ next 2 The Chronicles of Narnia books.

Do you suppose you could help someone overcome their bad habits? If so, how do you suppose helping someone if you’ve got to conquered your own bad habits? Once you do become victorious, how will this “defeat” cultivate you into a better, more courageous person?