After reading this article you will learn about:- 1. Meaning of Sole Proprietorship 2. Definitions of Sole Proprietorship 3. Characteristics 4. Scope and Prospects 5. Advantages 6. Disadvantages. Meaning of Sole Proprietorship: This form of organisation is the oldest and functioning from times immemorial in one form or the other. This is a 'one man business' in which an individual [...]
The various problems relating the establishment of a new enterprise are: 1. Promotion of Business 2. Investigation 3. Form of Business Organisation 4. Adequate Capital 5. Size of Business Unit 6. Selection of Site 7. Plant Layout 8. Efficient Management 9. Launching an Enterprise. Problem # 1. Promotion of Business: It is the first stage in the establishment of a [...]
The factors listed below illustrate how a sole proprietor will be successful against large entrepreneur. 1. Normally, a business is stated as one-man venture, because of the many advantages it offers. As the proprietor makes a success of it and is faced with the problem of expansion, he resorts to the formation of the company. If his capital needs are [...]