There are several ways to get into small business [SB]. The entrepreneur can be involved in small businesses generally through four different ways inheritance of gifts, buying, starting, and franchising.
The risk-taking entrepreneur will invest time and money into the small firm using one of these approaches. Approaches for how to start a small business (SB) are mentioned as under:
how to start a small business
- Inherited and or gifted SB (Small Business)
- Buying and owning an existing SB
- Starting a new SB [self-initiated], and
- Franchising
Inherited and or gifted SB (Small Business):
Some people may inherit the small business from Meir’s forefathers, from in-laws, or from some other persons. For becoming owners through inheritance or gifts one is not required to make any payments, in the case of gifts some costs with regard to transfer Deeds may be necessary.
Such- business ownership has both some benefits as well as some problems for the owners who inherit these. These are:
Benefits & Problems of Inherited/Gifted SB (Small Business)
| Benefits of such small businesses | Problems of such small businesses |
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