Business Organization Paper
Healthcare has drastically changed over the years in the United States. As our population is growing in size, a shortage of the number of health care professionals is also growing. Entrepreneurs have greatly benefited the world of health care by assisting with creating more jobs, producing products and services to assist and meet the growing needs of the population, and starting new business organizations to meet the needs of today’s economy. There are different forms of organizations and choosing the correct one is important, as it will affect the success or failure of the business.
Define the Different Forms of Business Organizations
Sole proprietorships are an individually owned business where the
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An entrepreneur who is willing to take risks in the process of being aggressive would be willing to even risk personal wealth and property, which would lead to greater success than entrepreneurs who were not as willing to take such risks.
Conclusion
The main focus behind marketing and healthcare is business growth and financial gain, and the form of business used plays a critical role in the success or failure of the industry. Through knowledge of the various forms of business and their advantages and disadvantages will lead to the entrepreneur being able to make an informed choice of which business form will best meet their needs to produce a successful venture.
References
Business Finance. (2011). Types of Business Organizations – Corporations. Retrieved November 19, 2011, from http://www.businessfinance.com/books/startabusiness/StartABusinessWorkbook012.htm
Naol, M., A. (2011), Forming a Texas business corporation. Retrieved November 19, 2011, from http://www.nacollawfirmblog.com/business-transactions/forming-a-texas-business-corporation
Pullman, J. (2011). How you structure a new entrepreneurial business matters. Retrieved November 19, 2011, from http://www.streetarticles.com/entrepreneurialism/how-you-structure-a-new-entrepreneurial-business-matters SCORE
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