Week 4 After read chapter 4, the business I would want is a partnership. I think this would be the best fit so that way not all the decisions and hands o
Week 4 After read chapter 4, the business I would want is a partnership. I think this would be the best fit so that way not all the decisions and hands on work would be solely on me. I think sharing the ownership would allow someone I trust dearly and respect to help in the process would be great. I am a firm believer in two is always better then one. I think if you have an idea or interest that you share with some else working together would not only make the process smoother but you all would be able to ping pong off of each other. Your partner might see somethings different that would be for the better of the company then you do and vice versa.
After reading chapter 4, the ideal form of business that I would personally like to have is a sole proprietorship. I would like a sole proprietorship because I enjoy working independently, and would find enjoyment in having sole responsibility for my business. Some other plus sides to having a sole proprietorship are, as the book states, retention of all profits, pride of ownership, and ease of start-up and closure. I think this is the best form of a business, and I would succeed the most with this form.
Two separate comments for these paragraphs.