SWOTT Analysis Examines the internal ans external environmental forces and trends to consider when opening a business

Sole Proprietorship. Sole owner of a business. The manager and the owner is the same person. The sole proprietorship has unlimited liability. You pay taxes as owner and

SOLE PROPRIETORSHIP: Sole proprietorships are the most common form of business in the United States. You and your business are one in the same. While being your own boss as its advantages, like working your own hours and collecting all profits made by the business, there are some disadvantages. For starters is coming up with starting working capital. Most Sole Proprietors have to seek funds from other sources.

Sole Proprietorship: This is a type of business is where the business and the owner are one in

Sole Proprietorship: A type of business that is owned by and run by one person with no legal difference between the business and the owner. It is easy to form with no cost or time to initiate. It gives the owner the ability to self-govern the business. There are drawbacks; only one owner can be established not allowing a partner. Also, unlimited liability puts the owner’s personal assets in jeopardy with the creditors.

One of the main supporting factors leading Linder’s argument is advertising to American’s to “eat less sugar” rather than “consuming fewer candy bars, cookies, cakes, and other sweets.” This shows the marketing strategies used to help sell the food industries

* Single Ownership - The single individual always owns sole proprietorship form of the business. The individual owns all assets and properties of the business and bears the risk of losing or gaining from the business.

Sole proprietorship is a business organization operated by one owner. For example, you start a landscaping business by yourself.

Sufficient leaders are instrumental in upkeeping business growth, analyzing success and developing management leadership skills appropriately to help both current and upcoming position requirements is important to monitor results and building robust succession plans.

If Frito-Lay properly utilizes their promotional products, they will create several accomplishments (West, 1999). First, it will grab the consumers and retailers attention. Second, since everyone enjoys gifts, the promotional product will encourage goodwill. Third, the promotional product provides a friendly reminder of Frito-Lay’s salty snacks. Finally, it can motivate an action from the retailer and the consumer to purchase a variety of Frito-Lay’s salty snacks to enjoy anytime (West,

Such practices are a concern, in part, due to the out-of-control statistics regarding obesity in America’s youth. Commercial vending machines in the hallways of public schools promote the consumption of junk food in youth. Often this consumption ends in tooth decay, hyperactivity and childhood obesity. In fact, according to the Center for Disease Control,

After the creation of a business plan, the next step to operating a business is the selection of an appropriate business structure. Different legal forms of business ownerships affect different managerial and financial factors from the business names to the tax obligations (Gregory, n.d.). The most common forms are sole proprietorship, partnership, cooperatives, and corporations. There are different types of corporations in the business world, but the two most general corporation types are S Corporation and Limited Liability Company (LLC) (Ferrell et al., 2013). The sole proprietorship is the easiest and most basic form of business ownership. It is owned and run by one individual, which is the proprietor. The individual is entitled to all profits and is responsible for all the business’s

Sole trader-it’s a business that is owned by only one person and it can have one or more employees. This type of business organization often succeeds because the owner has total control of businees, the owner keeps all profit and it’s cheap to start-up,but also it can be difficult to raise financial,it may be difficult to specialise or enjoy economies of scale and can also have problems with continuity if sole trader retires or dies.

Is the most common business type, where the business is operated and owned by a single individual. In this type of business, the sole proprietor provides capital, does not share profit or loss and runs the business alone. As such, the business and the owner are indistinguishable for tax and legal purposes (Dlabay, 2011). To differentiate this business from other business types, a sole proprietorship is discussed under the following characteristics.

In order for a new venture to be successful, the management plays a vital role. When a business grows, it can never be a one-man show, but it needs the management as a whole to take responsibility. An entrepreneur can have a business model that has the

Entrepreneurial leadership – a leadership that is based on the attitude that the leader is self-employed. Leaders of this type: