Entrepreneurship·Research and market research · NSSCO 2.2
Forms of enterprise: sole trader, partnership, CC, company, cooperative, franchise & more
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Once you have a good business idea, one of the very first decisions you must make is what FORM your enterprise should take. Will you trade alone as a sole trader, join with a partner, form a close corporation, build a company, or something else? In this lesson we meet every main form of enterprise used in Namibia, weigh up the benefits and challenges of each, learn how to compare them and make a justified choice for a real idea, and finish by researching how to break into a new market.
What you'll learn in this lesson
By the end you should be able to (NSSCO Entrepreneurship 2.2):
- Identify, discuss and evaluate the main characteristics, benefits and challenges of the different forms of enterprise: franchise, turnkey project, Section 21 company, sole trader, close corporation, cooperative, partnership, joint venture, companies (private & public)
- Compare forms of enterprise and make a justified choice for a chosen entrepreneurial idea
- Conduct research and draw conclusions on opportunities to penetrate new markets
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