Business organizations come in various types, so that people can make it suitable for their business. Sole Proprietorship or individual organization is the business structure that I have chosen to establish my internet business. A sole proprietorship is a firm in which one person manages and invests the company, but the owner must recognize that operating the business has a higher risk of losing money.
The first reason I choose Sole Proprietorship for my internet business is because it is controlled by an individual owner and allows me to have more control over the firm. In many nations, the majority of people want to run a business online by individual owner because Sole Proprietorship is low investment, and the owner has more flexibility to manage. Furthermore, the proprietor obtains the entire earnings from the operation.
On the other hand, there are several downsides to Sole Proprietorship since the owner would be exposed to high levels of risk while conducting business. Sole Proprietorship
It is difficult for people who conduct an internet business on their own and develop strategies to improve it since the owner has limited personal resources, such as the owner's fees and investment cost.
In my opinion, I strongly agree that Sole Proprietorship has more beneficials than weaknesses because the owners have flexibility and can also manage investments by themselves. In addition, It is not complicated to manage the firm, and the proprietors do not overthink about your partner being cheated.
Business
organizations
come
in various types,
so
that
people
can
make
it suitable for their
business
.
Sole
Proprietorship or individual organization is the
business
structure that I have chosen to establish my internet
business
. A
sole
proprietorship is a firm in which one person
manages
and invests the
company
,
but
the
owner
must
recognize that operating the
business
has a higher
risk
of losing money.
The
first
reason I choose
Sole
Proprietorship for my internet
business
is
because
it
is controlled
by an individual
owner
and
allows
me to have more control over the firm. In
many
nations, the majority of
people
want to run a
business
online by individual
owner
because
Sole
Proprietorship is low investment, and the
owner
has more flexibility to
manage
.
Furthermore
, the proprietor obtains the entire earnings from the operation.
On the other hand
, there are several downsides to
Sole
Proprietorship since the
owner
would
be exposed
to high levels of
risk
while conducting
business
.
Sole
Proprietorship
It is difficult for
people
who conduct an internet
business
on their
own
and develop strategies to
improve
it since the
owner
has limited personal resources, such as the owner's fees and investment cost.
In my opinion, I
strongly
agree
that
Sole
Proprietorship has more
beneficials
than weaknesses
because
the
owners
have flexibility and can
also
manage
investments by themselves.
In addition
, It is not complicated to
manage
the firm, and the proprietors do not overthink about your partner
being cheated
.