For those of you who already went into business, certainly not unfamiliar with the various forms or types of business. There are individual business entities, a partnership limited partnership (CV), Firm, Limited Liability Company (PT) and several others.

However, many of these entrepreneurs do not know for sure what the strengths and weaknesses of these enterprises. One that I will discuss this time is personal business.

This private company is a business owned by someone, and he was fully responsible for risk and corporate activities.

Excess individual companies are:

1. All of the profits as his own. Form of individual company allows owners to receive 100% profit generated company.
2. Personal Satisfaction. Principle of one leader is a good reason to make a decision.
3. Freedom and Flexibility. Individual company owners do not need to consult with others in making decisions.
4. Nature of Confidentiality. No need to make financial reports or information relating to the company's financial problems. Thus the problem can not be exploited by competitors.

While the weaknesses of individual companies are:

1. Responsibility of the owner is not limited. This means that all personal property included as collateral against the debt of the company.
2. Limited financial resources. Because the owner is only one person, then efforts are made to obtain funding source depends only on its ability.
3. Difficulties in management. All activities such as purchasing, selling, purchasing, setting forth the employee and held by a leader. This is more difficult when management is held by some people.
4. Business continuity is less reliable. Leader or the owner's death, bankruptcy, or other causes can lead this effort to stop its activities.