Carpon
Valued Contributor
Sole proprietorship is a business or service that is been run or offered by a single person and I think basically, it is the route that many businesses which are now no longer solely ran began and later on grew to become a patnership or any other sort of business that exists.
As someone who wants to get into sole proprietorship, you must understand that the step to run a business alone is what you took and that all the activities of the business will be done by you, the capital will be sources by you and the profit or loss incurred will be just in you and you alone.
To start any sole proprietorship business you must be able to source for the business capital and analyse the steps to be taken to ensure optimum yield, productivity and that the business runs as expected.
Decide to give your time and dedicate fully to the work and then do as much as possible to avoid avoid taking actions or engaging tye business in stuff that can lead to it's crumbling.
If it is a service you provide you may need to make quality decisions on how to improve from day to day and work to see that your business stands out.
The solely ran business is not a complicated one and therefore it is not ideal that a mega business be ran on a sole proprietorship level because you may require help and support from people even for advises and the bulkiness of the work.
As someone who wants to get into sole proprietorship, you must understand that the step to run a business alone is what you took and that all the activities of the business will be done by you, the capital will be sources by you and the profit or loss incurred will be just in you and you alone.
To start any sole proprietorship business you must be able to source for the business capital and analyse the steps to be taken to ensure optimum yield, productivity and that the business runs as expected.
Decide to give your time and dedicate fully to the work and then do as much as possible to avoid avoid taking actions or engaging tye business in stuff that can lead to it's crumbling.
If it is a service you provide you may need to make quality decisions on how to improve from day to day and work to see that your business stands out.
The solely ran business is not a complicated one and therefore it is not ideal that a mega business be ran on a sole proprietorship level because you may require help and support from people even for advises and the bulkiness of the work.
