Small-Business Idea Paper - Essay Example

Only on StudentShare

Extract of sample
Small-Business Idea Paper

Advantages and disadvantages of sole proprietorship Sole proprietorship is the most popular and the longest practiced form of business organization. Some of its advantages are the ease with which it can be established and the ease with which it can be wound up. The processes are cheap, and are free from legal formalities because only establishing a business requires registration of business name and work permit. The proprietor is entitled to all profits from the business and this motivates efforts for a successful venture. Pride in the proprietorship’s success is another advantage of the form of business organization and acts as an incentive among sole proprietors. This further facilitates healthy competition among players in the form of business organization and has positive impacts on macroeconomic aspects such as gross productivity level of an economy. Simple approach to tax that treats business revenue as the proprietor’s income, is another advantage because of the low tax rates and ease of filing tax returns. ...Show more

Summary

Small business idea Introduction Different forms of business organizations exist for small size enterprises and different features, advantages and disadvantages, and legal, accounting, tax and other implications, characterize each form. It is therefore prudent that an entrepreneur understands these factors, for each form of business, before selecting the form in which to invest…
Author : ibreitenberg
Small-Business Idea Paper essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Small-Business Idea Paper"
with a personal 20% discount.
Grab the best paper

Related Essays

Managing small business
In the course of searching for the topic of this paper, I narrowed my options to three SME companies, which I believe are each unique in their approach – Anthias Consulting Ltd which deals with scientific instruments and analytical chemistry;
12 pages (3000 words) Essay
Managing small business
In the course of searching for the topic of this paper, I narrowed my options to three SME companies, which I believe are each unique in their approach – Anthias Consulting Ltd which deals with scientific instruments and analytical chemistry; Konnect9 which helps businesses dispose of their surplus goods by channelling them to those sectors in need, thereby contributing to environmental sustainability; and The Nachural Music Group, a West Midlands enterprise which is comprised of a music label and a business specialising in live event production, consultancy and corporate video production (SDE, 2009).
12 pages (3000 words) Essay
Entrepreneur Interview Paper (small business)
The purpose of this assignment is to examine in more depth the risks, rewards, challenges and opportunities of operating a small business.
4 pages (1000 words) Essay
Small Business Plan: L'Oreal
Since the economic meltdown has happened globally, many people have lost their jobs and it has become important for various organizations to address the key issue at hand and provide support to the government to help people out of the unemployment trauma.
7 pages (1750 words) Essay
Managing a small business
In most cases, business are said to be small depending on the support they get form the government and on issues of tax policy, other criteria considers the number of employees the business has to classify it. For example if a business has 50 employees or less, it is considered a small business by the standards set by the European Union.
10 pages (2500 words) Essay
Business Plans for Small Business
If the above definition is analyzed, it can be understood that planning is an activity which involves the future of an entity. The analysis of the present and to be prepared for the future is the essence of planning. Planning is a continuous and pervasive activity that is essential for the success of an organization.
8 pages (2000 words) Essay
Entrepreneurship vs. Small Business
Cunningham, J.B. and J.Lischeron (1991) classify that in America the term entrepreneur was considered as the one who starts his own, new and small business, some thirty years ago, which still goes with many people even today. It is a creation of the newness, a satisfaction or a change in consumer demand that brings the term entrepreneur into focus.
19 pages (4750 words) Essay
Small Business in Nigeria
Since the Structural Adjustment Programme Implementation (SAP) in Nigeria of 1981-1985, small business has not done well, and did better during the process years. Incubator programs have been started in both industrial and technology sectors but have not been successful to date.
16 pages (4000 words) Essay
Financial Management for Small Business
An effective business car hire service lays out the perfect strategy to realise targets and objectives in relation to the plan (CAPLAN, 1999). By having the capability to read the agency’s future, it is practical to form feasible
11 pages (2750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT