list down what qualities do you want from a business partners
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1. Ask yourself and list down what qualities do you want from a business partners, and then identify people who have these qualities to be a partner for a small business project.
2. Answer the following:
What market - product can be converted into business opportunity?
What role will each of the partners play (who to do buying, who to do marketing, who to do selling, who to do delivery, etc.)?
Who among you shall be the head of the
How will profit be split?
What are sales goals weekly for the next four weeks?
3. Who among the successful entrepreneurs you know can be your mentor? Why?
Step by step
Solved in 2 steps
- Why is it appropriate for good partnership portfilio management to develop and execute a portfolio plan for each business unit and a corporate policy for handling all partnerships of the whole company?What is partnership? And give examples. What are some advantages and disadvantages of it? What are the 4 types of partnership?Forming a partnership enables entrepreneurs to combine their skills and knowledge. What is another perk of a partnership? a) It offers the most entrepreneurial protection. b) There is someone to share the business debts with. c) There is a lot of government control involved. d) Employment laws need not be followed.
- please answer all the questions: 1- Define: A- Sole Proprietorship.B- Partnership.C- Corporation 2-Describe 4 Advantages and 4 Disadvantages of each of these forms of Business.Given is a doctor who is forming her own medical practice. She wants her practice to be flexible , simple to run , and free from required meetings , minutes or resolutions . Her goal is to blend the best characteristics of corporations , partnerships and sole proprietorships . What form of business ownership seems most in-line with Gwen’s goals ? A)C corporation B)cooperative C)joint venture D)limited liability company E)S corporationfor each type of business option (sole proprietorship, partnership, LLC, Corporation) create an analysis that compares each type of business option. Define each type of business. Remember to include ease of formation, liability, tax implications, control of the corporation, and any other important differences. Sole proprietorship Partnership LLC Corporation Ease of formation Liability Tax implications Control of the business Other important differences
- What are the differences between partnership and joint ventures ??What are the similarities and differences between joint ventures and syndicates? What are the differences between them?Glenda is a much sought-after business consultant and take pride in growing her clients' start-up businesses. A young couple approaches her for advice on how they ought to start and nurture their business model. As you are also a fellow consultant in the same line of business, based on your business entities knowledge, explain at least six (6) characteristics each of a "partnership" and "private limited company" as well as three (3) advantages and three (3) disadvantages of setting up a “partnership" and "private limited company" option respectively. Defend your advice with an entity example of choice suitable to them.
- What are the different forms of ownership that a business can adopt, and what are the advantages and disadvantages of each form? Additionally, how can an organization select the most appropriate form of ownership for its specific needs and objectives, and what are some of the key factors that should be considered in making this decision?Define the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?Compare and contrast the various types of business ownership and the advantages/disadvantages of each. TWO paragraphs.