Starting a New Business
Starting your own business can be an exciting and rewarding
experience. It can offer numerous advantages such as being your own boss,
setting your own schedule and making a living doing something you enjoy. But,
becoming a successful entrepreneur requires thorough planning, creativity and
hard work.
Task 1:
The following terms are forms of ownership; find the meaning
of each of the following terms and write it down in your business planner
notebook: Sole proprietorship, partnership, Limited Liability Company
(LLC), corporation, S corporation, non-profit or cooperative.
Task 2:
Search the web and find at least five different business
types, then, write down which one will be most suitable for you and why.
E.g. Online Businesses, Franchise Businesses...etc
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