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[Josemendez]

Start up businesses have different ways to begin such as partnership, sole proprietorship,e.t.c .
People most times prefer to use sole proprietorship because it makes them the sole boss of the bussines and offers them opportunity to enjoy the profit alone but there are challenges involved in it such as bearing the risk and debts alone , financing the bussines alone .
Do you think that the benefits of sole proprietorship out weighs the cons of it ?

 

[Wisdom01]

Although one important thing or factors of the sole proprietorship business is that the business person would solely be able to make quality business decisions himself without the infulence of others

 

[Franca01]

Although one important thing or factors of the sole proprietorship business is that the business person would solely be able to make quality business decisions himself without the infulence of others

This sound good because the will not be separation between ownership and management. You actually need to take a decision that can equally be managed by you in order to lead your business to success.

 

[btaliat]

People have ridden on the back of sole proprietorship since it is very easy to start. But some times, it is not about starting up capital but operational cost. This issue has made many sole proprietorship businesses to fade out of businesses.

 

[Franca01]

People have ridden on the back of sole proprietorship since it is very easy to start. But some times, it is not about starting up capital but operational cost. This issue has made many sole proprietorship businesses to fade out of businesses.

Sometimes many people always join partnership because business is not all about the start up capital but how to operate is always to big part of the business. No matter how it may be, but in partnership there will always be suggested ideas concerning the operating of the business .

 

[Player1]

In some cases, the type of business you wish to start would also determine if you should start as a sole proprietor or not. Though most partnership business usually start as a solo business until they come across does who are willing to invest in their ideas.

 

[Franca01]

In some cases, the type of business you wish to start would also determine if you should start as a sole proprietor or not. Though most partnership business usually start as a solo business until they come across does who are willing to invest in their ideas.

You are right. most business always needed partnership before it can equally become successful. Actually the kind of business you always want to start will always determine wheather you should make it partnership or sole proprietorship.

 

[IB DD]

I would prefer to start my business as a partnership because it expands the capacity of funding and ideas that the business starts with. I actually started my business as a sole proprietorship and I suffered so much doing and fixing everything alone. Something a partner could have helped with.

 

[Wisdom01]

many would prefer the partnership kind of business , lot of ways the partnership business have helped many business is actually something big to consider and putting a lot into consideration should be noted

 

[Bolajimi]

Indeed the decision making is a good aspect for sole proprietorship but what do you think about the fact that it risks and dent is neared by one person which can be very demanding.

I still prefer to be the sole proprietor of my business even though I may not have enough capital. Partnering with someone these days is quite risky and I don't think I would love to risk that at the moment.

 

[Japhnet]

Sole proprietorship can be a good choice for a start-up business, depending on the circumstances. On the plus side, sole proprietorship is the simplest and least expensive type of business to set up, and it gives the owner complete control over the business.

 

[Japhnet]

many would prefer the partnership kind of business , lot of ways the partnership business have helped many business is actually something big to consider and putting a lot into consideration should be noted

You're right. Partnerships can be a great way to start a business, and they have many benefits. For one, partnerships allow for a division of labor and expertise, which can be very beneficial for a start-up.

 

[Skylark]

The main advantage of sole proprietorship is that it is relatively simple to set up and the owner has complete control over the business. However, there are also some drawbacks to consider. Firstly, the owner is personally liable for any debts or liabilities incurred by the business.