Sole Ownership Enterprise

[Setho]

A lot of people prefer sole ownership business because decisions are being made faster and it is also marked with a lot of stability in management and decision-making.

 

[Da ma]

Sole proprietorship is a one-man business I can't advise anyone to venture into the type of business in this generation because the risk associated with businesses are more than in times of old there forever for you to get the maximum benefit from a business you have to part-time somebody

 

[Dowenship]

Businesses are classified into various categories based on their paid of capital and working model. One such category is sole ownership enterprise. This type of business is operated by a single person and has a small capital. s=Sole ownership enterprises are basically small business with limited working areas.

Each business requires different categories of business. Like real estate can be successful run by partnership kind of business.

 

[Jlife]

I too agree with that most of the partnership business, in some point of time face some problems. That is why it is advisable to do legal agreement first hand, so that in future there is no dispute.

Doing legal agreement is not a guarantee that the business might be successful, sometimes when the other party believe that they are being cheated on, they might even want reorganization of the business.

 

[Setfragil]

A lot of people prefer sole ownership business because decisions are being made faster and it is also marked with a lot of stability in management and decision-making.

Sole proprietorship business is very easy to run and manage as the decision is made by a single person. You also have the freedom to spend money the way you want.

 

[Bousine123]

Depending on a number of factors, I'll go for a partnership business rather than a sole proprietorship business. These kind of business have a lower possibility of failing.

 

[Ghost1]

Sole enterprise is okay provided you know what you are doing. You run everything make decisions suffer the loss and enjoy the gain on your own

 

[Setho]

Businesses that normally have a single owner are straight forward. They usually do not have to wait so long for decision making but I think that efficiency is greater in a partnership business.

 

[Heatman]

Sole enterprise is okay provided you know what you are doing. You run everything make decisions suffer the loss and enjoy the gain on your own

Exactly, when it comes to going into any kind of business it is very important that the person understand exactly how the business function in order to be able to succeed in it.

 

[Kubiat-Abasi]

I don't like the concept of sole proprietorship because I feel it would limit one's wealth capacity. When I'm buoyant, I'll expand my business with various skilled expertise.

 

[Toyoabasi]

Businesses are classified into various categories based on their paid of capital and working model. One such category is sole ownership enterprise. This type of business is operated by a single person and has a small capital. s=Sole ownership enterprises are basically small business with limited working areas.

Sole proprietorship or ownership is the easiest category. It is run by a single person, the capital to start up is low, and labour is low as well.

 

[Dagm1]

Businesses come in a variety of shapes and sizes. To me, sole ownership refers to a type of firm in which a single person is ready to assume all of the risks and reap all of the rewards on their own.

 

[Josan]

Sole ownership enterprise is a business own by one person and it's a good system of business one should indulge in.

 

[Heatman]

I don't like the concept of sole proprietorship because I feel it would limit one's wealth capacity. When I'm buoyant, I'll expand my business with various skilled expertise.

Well, most people actually lack the capacity in capital to expand their business limits which is why they stick with one man business and grow it gradually.

 

[kayode10]

To be a successful sole proprietor, It is very important to have little knowledge about so many things. This will help you to plan the business properly and work towards the greater height.

 

[Adebayonle7]

Sole ownership are always run by a single person without any partner or partners though with limited working area as mentioned above, sole ownership enterprise are easy to set up and maintain and you do not need to pay lots of tax, it is always easy to change the structure of the business as the owner pleases and also manage the profits and loss by himself.

 

[Mayox25]

Starting a sole proprietorship business is more easier than other forms of business as regards capital required to start. A sole proprietor has the opportunity of making their own decisions, enjoying the success of the business alone, but when the business fails they bear it all alone as well.

 

[Good-Person]

Businesses are classified into various categories based on their paid of capital and working model. One such category is sole ownership enterprise. This type of business is operated by a single person and has a small capital. s=Sole ownership enterprises are basically small business with limited working areas.

Sole ownership is a kind of business ownership which I love and prefer. This is because it allows you to keep every thing secret about your business and you are the only one who can command your employees with no interference.

 

[Kane]

You have full control over your business if you have sole ownership business. However, sole ownership businesses are also always under the risk because you are the only person who takes all decision and you cannot be right always.

 

[tyrim88]

Businesses are classified into various categories based on their paid of capital and working model. One such category is sole ownership enterprise. This type of business is operated by a single person and has a small capital. s=Sole ownership enterprises are basically small business with limited working areas.

One of the things about a sole ownership type of business is that decision do not need to go through a lot of process before they are approved,and there is this flexibility of plan and ideas that are often change when a strategy is not working as planned