ENTREPRENEURSHIP

Detailed explanation-1: -A franchise is a joint venture between a franchisor and a franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor’s goods or services under an existing business model and trademark.

Detailed explanation-2: -Serial entrepreneurs own more than one business at a time.

Detailed explanation-3: -Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability. You’ll need to choose a business structure before you register your business with the state.

Detailed explanation-4: -Minority Interests are used by entrepreneurs to acquire experience in an international market before making a major commitment. Explanation: A minority interest can offer a company with a supply of uncooked substances or a quite captive marketplace for its products.