The owner has control of all decisions..., Sole trader, Partnership, Ltd, PLC, The founder can invite shareholders to raise finance..., Sole trader, Partnership, Ltd, PLC, The partners may share skills and expertise..., Sole trader, Partnership, Ltd, PLC, Joint liability is unlimited..., Sole trader, Partnership, Ltd, PLC, The owners and their friends and family that have invested have limited liability..., Sole trader, Partnership, Ltd, PLC, The sole owner has unlimited liability..., Sole trader, Franchisor, Ltd, PLC, Unlimited liability means..., The owners must pay dividends, The owner may have to sell personal assets to pay off business debts, The owner's personal assets are safe and separate from the business, One advantage of starting a franchise business is..., The owner can sell shares to raise finance, The franchisor will provide advice and marketing support, The franchisor buys a share in the business, The franchisee can sell shares on the stock exchange, One benefit of starting a business as a private limited company..., The entrepreneur may keep all the profits, The entrepreneur has complete control of the business, The entrepreneur does not have to share accounts of the business, The entrepreneur has financial security as personal assets are not at risk, A business that can sell shares to raise finance..., A sole trader, A partnership, A private limited company, A venture capitalist, The franchisor..., Pays a fee to permit them to sell products of a big brand, Sells shares in its business to franchisees, Permits the franchisee to sell its products under its name, Is when an entrepreneur starts a business, A franchise is a good way to start a business because..., It's less risky to start a business that has a good reputation and brand image, It's cheap and easy to run, The owner has no liability, The entrepreneur may change the services and products to meet customer need, A risk to starting a business as an entrepreneur..., Not selling online, Lack of financial security, Lots of competition, Not making enough losses, A competitive environment may impact which business areas..., Price, Performance, Promotion, Pay, Partnerships, PLC'S, Price, Pay, Price, Product, Place, Promotion, Product, Peak, Payroll, Podcast

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