Research on retail market Essay Example | Topics and Well Written Essays - 750 words

Research on retail market - Essay ExampleThe first flat coatableness for this option emerges from the fact that my Company is new in the ICT market and due to limited financial resources resole proprietorship provides the best option as a result of Its simplicity it is operated under a aboveboard set up that involves fundamental business requirements for compositors case the nominal costs associated with the initial stage of ontogeny are relatively low as compared to other business vehicles such as partnerships and incorporation.Another reason emanates from the fact that Sole Proprietorship requires only the payment of licenses and other basic operational fees for commencement of its activities. The three most imperative reason for taking this form of business operation is to ensure that I amaze my anxiety skills in ICT management. Sole Proprietorship provides the platform that provide facilitate may career evolution in the field of ICT business. This occurs due to the fac t that I will be responsible for all the activities conducted in the business hence improving my managerial skills.Consequently, this form of business operation would create a roaring ground for the development of my new business since cases associated with other forms of business vehicles like complex tax processes will be avoided. That is, sole proprietorship cannot be differentiated from its original owner hence the method of taxation on such business is less complicated as compared to partnerships and incorporation.Moreover, other negative facets that may annul due to mismanagement that are usually experienced in partnerships and incorporation are also prevented. For instance poor productivity that may arise due to poor modus operandi of one of the partners that lead to law outfit are prevented in sole proprietorship. Sine the owner of sole proprietorship is responsible for all its management issues, much effort is