Information on Starting a Company
Information on Starting a Company Forms of Entrepreneurship: 1. New Business Idea 2. Existing Business Idea 3. Buying a business 4. Franchisee 5. Part Time 6. Stockholder 7. Team Entrepreneurship 8. Sole trader There are many factors that influence the form of entrepreneurship, some of the key ones are: Number of founders Continuity of operations (time in business) Need for capital and its availability Attitude of investors Responsibilities and decision making Profit sharing Taxation A sole trader can be a family wedded spouse. In a partnership there are no shares and the partners own 100% of the business. When it is general or limited you own the percentage of the amount invested. Business Idea: Your business idea needs to be able to successfully answer the following questions: What? For whom? How? What products or services? What issues are you solving? What are the measurable benefits? Who a...