Question

What are the things to be considered in selecting the business?

Answer 1

Answer:

Here are 9 factors that every entrepreneur must consider when selecting a perfect business location:

1) Demographics. ...

2) Style of Operation (+ Psychographics) ...

3) Nearness to Market and Foot Traffic. ...

4) Accessibility and Basic Infrastructure. ...

5) Competition. ...

6) Zoning/Permit Issues. ...

7) Proximity to other Businesses & Services.

Explanation:

Answer 2

Answer:

One of the first and most important decisions a business owner makes is selecting the organizational form under which he or she will operate. The following are some common organizational types (also called “legal structures”):

Sole proprietorship

General partnership

Franchise

Limited partnerships and limited liability partnerships (LLP)

Limited liability company (LLC)

C corporation

S corporation

Each form of ownership has advantages, disadvantages, risks, and rewards that can affect the business’s chances for long-term success. The following are some of the important factors business owners should consider when selecting a form of ownership.

Explanation:

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