Business Ownership – Advantages and Disadvantages in terms of profitability

I completed a business simulation as the owner of a record store. The store was 2800 sq ft and sold multiple genres of music. I had over 10 employees, multiple wholesale buyers to purchase from and set up my deliveries to be at 1 day, 7,14 and 30 day intervals. I invested in employee training and provided raises as it simulates not only customer satisfaction but also employee satisfaction. This business was a sole proprietorship, owned only by me. In discussing profitability we are looking at stand alone music stores in comparison to competing with streaming and digital downloads. The program that was used was GoVenture Small Business if you need a reference to the simulation. The below questions need to be answered in thought-out, coherent paragraphs and use complete sentences.

a. What type of business ownership (legal structure) did you choose for your business? Explain why. What are the advantages and disadvantages of this in terms of profitability?

Don't use plagiarized sources. Get Your Custom Essay on
Business Ownership – Advantages and Disadvantages in terms of profitability
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay


b. If you could choose to be a franchise of another company, how would this impact your business? What would the franchisor provide for you? What decisions would you still need to make as the franchisee? Would your company be better off as a franchise? Why or why not?

Homework Paper
Order NOW For A 10% Discount!
Pages (550 words)
Approximate price: -

Our Advantages

Plagiarism Free Papers

All our papers are original and written from scratch. We will email you a plagiarism report alongside your completed paper once done.

Free Revisions

All papers are submitted ahead of time. We do this to allow you time to point out any area you would need revision on, and help you for free.

Free Title-page

A title page preceeds all your paper content. Here, you put all your personal information and this we give out for free.

Free Bibliography

Without a reference/bibliography page, any academic paper is incomplete and doesnt qualify for grading. We also offer this for free.

Originality & Security

At, we take confidentiality seriously and all your personal information is stored safely and do not share it with third parties for any reasons whatsoever. Our work is original and we send plagiarism reports alongside every paper.

24/7 Customer Support

Our agents are online 24/7. Feel free to contact us through email or talk to our live agents.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We work around the clock to see best customer experience.


Flexible Pricing

Our prices are pocket friendly and you can do partial payments. When that is not enough, we have a free enquiry service.


Admission help & Client-Writer Contact

When you need to elaborate something further to your writer, we provide that button.


Paper Submission

We take deadlines seriously and our papers are submitted ahead of time. We are happy to assist you in case of any adjustments needed.


Customer Feedback

Your feedback, good or bad is of great concern to us and we take it very seriously. We are, therefore, constantly adjusting our policies to ensure best customer/writer experience.