Introductio1111.docx - Introduction Working as sole...

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Introduction Working as sole proprietor is good for the business but at times it may cause challenges. Most of the problems are related to the financial constrains which comes up on the way. Others include declined management objectives making the process to uncoordinated and unsynchronized. The process of using more than one investor creates the expected element in the business by making sure everything is aligned. In this case, the use of the partnership business formation will necessary . It means that the business will be owned by two people with equal shares. It is one of the best forms of ensuring that the value investment is maintained within the business. Other elements that makes it the ultimate choice is the fact that using this makes sure that the management is vibrant. It will also aim to amplify the great competitive nature of the business due to financial power. The rational of choosing partnership comes from the start phase where it is very simple to develop the process. With this in mind it also incorporates other managerial positions which ensure that the business is run in an efficient way. Considering these element, the thinking which supports the use of this method is aligning and well put.
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  • Winter '15
  • Professor Ndichu

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