Final answer:
The enterprise fruitfully surpassed its 10-year run as a sole proprietor type of business due to easy startup, owner's enjoyment of profits, and psychological satisfaction.
Step-by-step explanation:
The enterprise was able to successfully surpass its 10-year run despite being a sole proprietor type of business due to several reasons:
- Easy to start up: A sole proprietorship is extremely easy to start, and anyone can create one. This makes it accessible for entrepreneurs to quickly establish their business.
- Owner enjoys the profits of successful management: In a sole proprietorship, the owner keeps all of the profits generated by the business. This motivates the owner to work hard and make the business successful.
- Psychological satisfaction: Being the boss and making important decisions provides a sense of fulfillment and satisfaction for the owner of a sole proprietorship.
These factors contribute to the success of a sole proprietorship, allowing it to thrive despite the absence of outside investors.