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What type of business ownership does the business use

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Reference no: EM132189688

INDEPENDENT RESEARCH: SMALL-BUSINESS OWNERSHIP

Choose a business in either Hampton Roads or your hometown. Approach the owner and request an interview about his or her business. Here are a couple of tips:

• Offer to submit questions in advance.

• A businessperson is very busy-use allotted time wisely.

• Ask permission to talk with employees or visit parts of the business.

• Recognize the need for secrecy.

• Don't assume that you, as a business student, are the expert.

1. Business Information:

a. Name of business:

b. Name of owner/person interviewed:

c. Business location (City, State):

2. Provide a description of the products and/or services offered.

3. What type of business ownership does the business use?

4. Why was this form of ownership chosen?

5. If sales were to double, would the business then choose another form?

a. If so, which form? Why?

b. If not, why not?

6. How many hours per week does the owner spend at his or her business?

7. Does the owner plan to have the business continue in the family? If yes, describe the plan.

8. If the owner could change one thing in building his or her business, what would that be?

9. What advice does he or she have for a new entrepreneur?

10. Prepare a reflection and recommendation about business ownership in this specific business. Your reflection and recommendation should be at least 3paragraphs.

Reference no: EM132189688

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