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Planning is so badly needed by small businesses so that they look ahead to the future. Planning is the important first step so that the future course of the business is determined. Planning is setting objectives and procedures to achieve those objectives. You must know where you are going and [...]
The main factors that affect those people who desire to become an owner of a small business are finding the right product, finding the correct market for your product, decide to start a new business, buy an existing business, or buy a franchise, find the right location, and develop and [...]
A business structure is one of the most important aspects in the development of a small business. As your business grows the business structure may evolve and change. It is important to know what your business will be at the start and how it will progress. Important factors to consider [...]
Define proprietorship, partnership, corporation, limited-liability company, cooperative, and joint venture: A proprietorship is a business owned by one person who owns all of the assets and receives all of profits or losses and where the individual is liable. A partnership is where two or more people are co-owners of the [...]
Some basic questions to ask when deciding on the legal form to choose for a small business how large do you see your business down the road, what is the nature of your business, where will you be located, what will you sell or what type of service will you [...]
Success can cause concern for small businesses thru poorly planned growth. If a business grows to a point where the owner feels trapped in working long hours, despair over loss of personal relationships, lack of forward movement, and they own a business they no longer enjoy then this is a [...]