Organization and Control, Vol. 3: Modern Business (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Organization and Control<br/><br/>Perhaps no step in the prosecution of a business is so important to the individual as the organization Of the ownership. While the application of correct principles of production, marketing, financing and accounting are necessary to insure success, they determine the amount Of profits the business as a whole is to have. But every man goes into a busi ness for income and the amount of his own income will depend not only on the amount of the profits of the whole business but on his own proportionate share of those profits. The division of the profits into shares depends almost entirely on the form of Organization. Moreover, when men enter business they hazard not only their time and a definite amount of wealth in the enterprise, but perhaps other wealth that was in tended to be kept separate. Indeed, embarking on a business venture may be but the beginning of the loss Of the income of future years when all chance of profits has ceased and the business represents nothing but a lot of debts that remain to be liquidated. Risk is an important element that is varied by the form of organization selected.

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