What Form Of Business Ownership Was Best For Us?
There are several forms of business ownership, each with its own advantages and disadvantages. The options available before us were:
• Start A Business From Scratch
• Buy A Business That Is Already Established
We chose to start a business from scratch because this can be very fulfilling. We have the freedom to be creative and innovative; we make all our own decisions. This was our dream come true. With hard work and determination, we six partners have what it takes to establish a successful business unit.
However, there is a great deal of risk involved in starting a new business. We have to do everything ourselves, from creating a business name to promotion.
There are several forms of business ownership, each with its own advantages and disadvantages. The options available before us were:
• Start A Business From Scratch
• Buy A Business That Is Already Established
We chose to start a business from scratch because this can be very fulfilling. We have the freedom to be creative and innovative; we make all our own decisions. This was our dream come true. With hard work and determination, we six partners have what it takes to establish a successful business unit.
However, there is a great deal of risk involved in starting a new business. We have to do everything ourselves, from creating a business name to promotion.