Friday, June 3, 2011
One man business
Entrepreneurship means a single person starting and owning a business. The capital is given by the sole owner and the rules and laws are laid down by that one person. Whatever that individual says goes. Since he is the only person in the business, all profits and losses are borne by him. Although many businesses now days are not 'one man' businesses, they are present all over and are reasonably successful. Entrepreneurship is considered profitable for small scale businesses because the capital invested is small. The one man business system has been around for hundreds of years and will always be as long as there are people who want to lead instead of follow.