Choosing a Form of a Business When Starting One - Assignment Example

My personality veers towards taking complete control and making my own decisions. Since no one else is involved in decision-making, quick and prompt action can be taken on matters that need to be addressed. Finally, if I decide to close the business, for one reason or the other, it could easily be dissolved without going through a complicated process.After taking the quiz, I discovered that I am a potential candidate for a franchise. I scored 66 in the quiz and as explained in the scoring discourse, many of my traits are close to those found in top franchisee candidates; however, I might not still be completely committed to the concept of running a franchised outlet of someone else's business.

This is true. Although it is closely similar to a sole proprietorship business, I would like to learn more about the intricate details of franchising. It is a little more complicated than the simple sole-proprietorship form but I have heard that there are also more advantages to franchising.  Actually, I was not surprised at all at the results. As I indeed have a strong streak of independence and am more comfortable giving directions than taking them, I would rather go into a sole-proprietorship type than venture into something I am not totally comfortable with.