ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Availability of capital
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Ease of start-up
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Probability of success
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Sharing of decision making
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Detailed explanation-1: -Minimal paperwork and low set-up costs are two major benefits of having a sole proprietorship. In addition, there is the ease of maintaining it. In fact, according to the SBA, it’s the simplest and least expensive business type you can establish.
Detailed explanation-2: -Sole proprietorship can be operated under the name of the owner or some fictitious name. It is one of the most common forms of business structure that is found in India. It is regarded as an ideal choice for conducting small or medium-sized business.
Detailed explanation-3: -A quick start: sole proprietorship offers ease A sole proprietorship allows small business owners to begin a business without taking formal legal action through the state. There’s no need to form a board of directors. A business banking account isn’t required.
Detailed explanation-4: -Sole proprietorships are not separate entities by law, so it’s considered one of the easiest types of businesses to start. Unlike corporations or LLCs, you don’t have to register with the state.