HANDS-ON Activity #1 (Forms Of Business)

Name
Course
Professor
Date
HANDS-ON Activity #1 (Forms Of Business)
Flower shop
The answer is informative on the nature of a flower shop and the factors that should be considered in terms of its management and operations. I learned that a flower shop demands extra effort in terms of the need for close management and extended hours of operation.
Textbook publishing company
The answer provides useful insight on the technicalities associated with opening such a business as sole proprietor or a partnership. I learned that a textbook publishing company business does not only demand huge monetary investments, it also presents huge risks. It is better run as a corporation
Law farm
The representative answer informs readers on the investment needs as well as the most preferred business type for a law farm. I have learnt that a law farm will require at least one of the owners to stay in and cover for the other given that clients may come in at any time. Furthermore, this kind of business will not demand very high capital costs.
Internet based specialty store
The answer touches on various aspects of starting and running an online business and therefore it is very helpful for anyone seeking such information. I learnt that the online platform provides a range of opportunities for the business owner(s). The entrepreneur could easily run the business as a sole proprietor or get into a partnership for a large scale operation.
Child care
The answer touches on a number of aspects associated with starting a child care business and the options available for the entrepreneur, including incorporating the business or running it as a cooperative.

I have learnt that establishing a child care business is not as complex as other businesses. One could easily start it as a sole proprietor or join hands with others into a cooperative depending on the facilities provided and the number of children cared for.