could realize very high profits considering if she would decide to venture into this
business.
Such a business is a good profit, but as we all know, nothing good comes easy. Thus for
one to be able to maintain this kind of business, she must be prepared to dig deep into her
pockets. I therefore strongly suggest that when venturing into such a business, I would
prefer it to be a partnership rather than a sole proprietorship. In a business type of
activity, the company is owned by two people, each ownership depending on the amount
that each invests. The maximum shareholders are usually those who invest a lot of money
in the business. It is not necessarily owned by two people but can also be owned by three
or more, depending on how the investors will agree.
There have been many cases of some partnerships which have turned sour, but most of
them have their advantages and disadvantages. Some of the benefits of partnerships are
that the partners will fund the business about the startup capital and this, therefore, means
that the more the number of partners, the more the money. These funds allow for better
flexibility and the growth of the business which will result in more profit. There is also
the advantage of shared responsibility when running the business in that the partners will
be allowed some room for them to make use of their abilities. If one partner is good with
numbers and figures, he is allocated the job. Also shared responsibility results in time-
saving whereby work is split amongst the few partners available, and each is tackled by
them individually. Partners tend to make decisions in their business, and thus, this sharing
enables them to share and help each other when need be. Nevertheless, more partners
mean more brains and finally more ideas on improving the business.
