Question

Why do think more than 70 percent of all businesses are organized as sole propreitorships

Answer 1

Researchers show what the family business is the foundation of Small business – the number of family firms reaches 70-75% of the total mass of functioning small enterprises. This is due to several circumstances:

1. Trust relations among relatives;
2. The safety of trade secrets; Technology secrets are transferred only to family members;
3. The profit from the entrepreneurial comes into the property of the family;
4. The social support of each other is an integral part of the family business.