E & M Teddy Co.
Teddies made and ready!
Our shop sells the best homemade teddies around!
Here are our factors of production:
Land: yarn, thread, and poly-fil stuffing
Labor: Emily knitting and sewing; Michelle calculating costs (finances)
Physical Capital: Knitting and sewing needles
Human Capital: Michelle's finance and business degrees; Emily's sewing and knitting lessons
Entrepreneurs: Emily Sharpe and Michelle Tereshchenkov
Check out our teddies:
Solid color yarn with embroidered accents.
Made with baby yarn to be soft and wool-free.
Made with variegated yarns, these teddies show a tie-dye style.
We are a partnership, as we are owned by two people and we have split our responsibilities specifically!
Some disadvantages of this business structure:
- Unlimited liability
- Potential for conflict
Some advantages of this business structure:
- Shared decision making
- Specialization-Michelle does the financing and Emily does the creating
- We're not subject to special business taxes