How did he or she get started in business

Assignment Help Business Management

Reference no: EM1373094

Part 1 - I would like you to select the sole proprietorship business which you frequent or are interested in. Conduct an interview with business owner to find out the following:

1) How did he or she get started in business and why did (s) he select that type of organization (as opposed to the partnership or corporation?)

2) What recommendation would the business owner give to you if you were considering going in business?

3) What advantages and disadvantages did he or she experience due to this type of business formation, and are they considering changing their form of the business ownership (taking in partners or incorporating)?

Part 2 - Select a franchise that appeals to you and research how, exactly, that franchise is run. (A good place to start is the website such as The Franchise Mall at thefranchisemall. Answer these questions:

1) What are the total capital investment, and how much liquid capital is needed? Do they offer any financial assistance, and if so, how much?

2) Does the franchisor offer any training and support to franchisee?

Reference no: EM1373094

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