While selecting a line business and entrepreneur must keep in his mind
Answers
Answer:
Besides keeping an open mind while looking for business opportunities and generating business ideas, an entrepreneur must keep in mind that he business idea should utilize his technical and professional abilities.
Answer:
Besides keeping an open mind while looking for business opportunities and generating business ideas, an entrepreneur must keep in mind that he business idea should utilize his technical and professional abilities.
Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies.
The following are some of the important factors business owners should consider when selecting a form of ownership.
Cost of Start-up. ...
Control vs. ...
Profits—to Share or Not to Share. ...
Taxation. ...
Entrepreneurial Ability. ...
Risk Tolerance. ...
Financing. ...
Continuity and Transferability
Explanation:
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