Sole Ownership Enterprise

[Heatman]

If you don't have the capital structure to run a company that will require you to have a board of director or partnership which a lot of people going to because they don't have money to finance their business plans alone, it's better you stick to one man business and managing finance your business by yourself.

 

[Godspower]

Sole proprietorship is the simplest form of business. Most small and medium scale business exist on the sole proprietorship level and it requires little capital to start up. Decision making is faster and the owner gets all the profits alone. However, there is little chance for expansion of the business.

 

[Kaffyfolla]

A sole proprietorship , also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person

 

[Seno inyang]

Sole proprietorship in business is my kinda thing and it'll remain my kinda thing for a very long time because the conflict rate of it is very low unlike a partnership business, it's also simple to run, less expensive, and most importantly I am in charge of the entire decision making

 

[YERUS]

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.

The sole ownership enterprise is that type of business owned and managed by just one person.
Sole businesses require less capital and less labour force.
The output may not be huge compared to big businesses.

 

[joy101]

If actually the business is not functioning as normal the business owner can take a loan in order to help run very well, is really good you help your business.

 

[mayumi97]

Considering that a single proprietorship business makes the owner personally liable for the losses and debts of the business, a prospective business owner may want to look at options where he can have limited liability and still be the decision-maker and top manager of the company. There is such a thing as a one-person corporation. You can incorporate your small business and enjoy limited liability. In case of losses or bankruptcy, the creditors or banks can only run after the assets of the business, and not after your personal assets.

 

[jay]

The main issue faced by a single ownership business is lack of investment. When the owner cannot invest more, the business will never grow.

This is actually true with capital in availability of those that want to go into sole proprietorship because without the capital for them to do the business is going to be very big challenge for them.

 

[kinqzbitz]

Well I actually like the sole ownership because I will be able to make the decisions I see fit for the development of the business and it makes things easier and that's it

 

[Godspower]

Well I actually like the sole ownership because I will be able to make the decisions I see fit for the development of the business and it makes things easier and that's it

Sole proprietorship is quite easy to start up and it requires little capital. However, there is always little room for expansion and the business may become limited at the end.

 

[Psalmseen]

Sole ownership business is a form of business that is owned and controlled by a person. The owner is the one that provides the capital alone and as well, share the profits alone. And he bears the risks alone as well.. it is a one man business

 

[Godspower]

Sole ownership business is a form of business that is owned and controlled by a person. The owner is the one that provides the capital alone and as well, share the profits alone. And he bears the risks alone as well.. it is a one man business

Most small and medium scale businesses exists on the sole proprietorship level. The business owner enjoys all the profits alone and also bears the risks alone.

 

[Ebro01]

One man's business is good if it has what it takes to set up a business. The capability of owning a business is merged up by capital, resources,site , location, human labour and many more.

 

[Alexandoy]

It is nice to have a business of your own that you are the one who makes the final decision. However, you should also consider a partnership of a corporation where the other owners can help you not in the operation but in the promotion of the business. Their contacts can be your clients.

 

[greenie]

The one I'll always prefer is the sole proprietorship type, where i have the chance to make my decisions regarding the future of the business and taking risks all alone to make sure the business is up and running.

 

[Thinker009]

I think sole ownership business is actually one of the best business to give a try ,it actually requires low amount of capital to start and lot of people love the business because decision is installed and made by only you

 

[tyrim88]

Sole ownership is a mode of business that is operated by a single individual,it has its full control and management by the proprietor who oversees the operations of the organisation or outfit,ge shares the risk and profit alone.

 

[Good-Person]

You can sustain your business if you are determined enough to make it as a sole proprietor.

Sole proprietorship could offer you the freedom to run your business without any conflict. When it comes to partnership-based business, you may have conflicts with the other person.

 

[Shigobad20201]

I think sole ownership business is actually one of the best business to give a try ,it actually requires low amount of capital to start and lot of people love the business because decision is installed and made by only you

I prefer having the control over my own business and thats the main reason why i prefer a sole ownership business where I can run my business alone without anybody interferences.

 

[Sincerem]

Sole proprietorship could offer you the freedom to run your business without any conflict. When it comes to partnership-based business, you may have conflicts with the other person.

It depends on rules and regulation. I have come to find out that most people who have problems in their businesses with other business partners is always as a result of lacks of rules and regulations. There are some business rules that must not be broken .We just have to engage in partnership business with honest people and everything will all runs smoothly.