Deciding which form of business to adopt.

[Mikes smithen]

There are so many forms and categories of businesses and individual can obviously have in mind to adopt and that depends on how far and big his or her business idea is. Forms of business ideas include sole proprietorship, partnership, joint ventures, franchise, cartel , and corporation etc . Choosing any form of this business category to adopt depends on so many factors such as available capital and available managerial abilities and capability.

It also depends on how big was small the business idea is, that is to say if the business idea typically needs to be established on a larger scale then that can be done only if the business owner have sufficient capital. Business categories like corporation cartels and joint ventures will need sufficient amount of capital for their larger establishment.

 

[Axis]

Apart from having a business idea or having sufficient capital to establish the business idea and individual is also expected to choose what kind of business he or she want to establish in terms of forms and categories. The forms all categories of businesses would include partnership sole proprietorship corporation or even franchise. An individual is expected to not make a mistake when choosing the forms of business he or she wants to establish and the reason is because each of these businesses have the ops and downs and their impact to the society so an individual must obviously get this right.