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What are the advantages and disadvantages of small business ownership? Which do you agree with the most? Would you start a business? How are websites like Kickstarter and Gofundme helping with small business ownership?

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Chika Ilonah
Chika IlonahLv10
28 Sep 2019
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Related questions

Think of a business you would like to start. Imagine that several of your friends decide to join in with you on this business. You have to use your own money to start and none of you has a lot of extra money, so you plan to start small. However, eventually, you would like to expand to open multiple branches in different locations.

Briefly describe your business, then answer these questions:

What form of ownership should your new business take, and why?

What are the advantages and disadvantages of the form of ownership you selected?

Discussion 5: Wilderness Backpacking Expeditions

For this discussion imagine that you and some friends want to start a business to take tourists on wilderness backpacking expeditions. You have to use your own money to start and none of you has a lot of extra money, so you plan to start small. However, if you are successful, you would like to expand into other types of outdoor tours and perhaps even open branches in other locations. Review the section titled Forms of Business Ownership in chapter 5 of the text book. With your fellow classmates discuss and answer the following questions: • What form of ownership should your new enterprise take, and why? • What are the advantages and disadvantages of the form of ownership you selected?

Describe four different forms of business structure and how they differ from each other

Discuss some of the strengths and weaknesses (advantages and disadvantages) of each form of ownership or business structure

What factors should an entrepreneur consider before choosing a form of ownership?

Identify some laws that might need to be taken into consideration when considering a business structure

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