William is a diligent computer programmer at the age of 28 years old. He has acquired advanced programming skills over the years. However, he is rather introverted and therefore, has few friends. Although he has performed system support services to many organisations, he has not established very close contact with any of them. William had been thinking of setting up his own business for some years. Being a frugal person, he managed to save RM40,500.00. He intends to sell his superbike for RM8,500 to add to the start-up cost. Unfortunately, he does not have much financial knowledge and he is not an experienced manager. Question: Suggest which form of business ownership is most appropriate for William. Justify your proposal of this form of business ownership.
William is a diligent computer programmer at the age of 28 years old. He has acquired advanced programming skills over the years. However, he is rather introverted and therefore, has few friends. Although he has performed system support services to many organisations, he has not established very close contact with any of them. William had been thinking of setting up his own business for some years. Being a frugal person, he managed to save RM40,500.00. He intends to sell his superbike for RM8,500 to add to the start-up cost. Unfortunately, he does not have much financial knowledge and he is not an experienced manager. Question: Suggest which form of business ownership is most appropriate for William. Justify your proposal of this form of business ownership.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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William is a diligent computer programmer at the age of 28 years old. He has acquired advanced programming skills over the years. However, he is rather introverted and therefore, has few friends. Although he has performed system support services to many organisations, he has not established very close contact with any of them. William had been thinking of setting up his own business for some years. Being a frugal person, he managed to save RM40,500.00. He intends to sell his superbike for RM8,500 to add to the start-up cost. Unfortunately, he does not have much financial knowledge and he is not an experienced manager.
Question:
Suggest which form of business ownership is most appropriate for William. Justify your proposal of this form of business ownership.
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