The simplest type of business you must know

[Magnus2022]

I like sole proprietorship. I have learnt enough from people and don't want to tangle myself with people in the name of business. Some people are very toxic and negative that to do business with them is impossible.

 

[Starmix]

Yes, a sole proprietorship is one which I will also want to do. But for that, I should have good knowledge of the business and should be financially independent. People do business in partnership when they lack funds mostly.

You have to decide to have or not to have a partner. For me, better do solo, no complication, no complication.

 

[Sanjeev]

You have to decide to have or not to have a partner. For me, better do solo, no complication, no complication.

It's always better not to have a business partnership as I have seen many cases where the partner fights when they have a loss or good profit.

 

[Bisolami]

I like sole proprietorship. I have learnt enough from people and don't want to tangle myself with people in the name of business. Some people are very toxic and negative that to do business with them is impossible.

I am that person who does not love to share or do business with other people so I would rather do it alone and own it alone

 

[Starmix]

It's always better not to have a business partnership as I have seen many cases where the partner fights when they have a loss or good profit.

Better be solo especially if you're single. It's not good to have a married partner in business.

 

[Bisolami]

Better be solo especially if you're single. It's not good to have a married partner in business.

My sister seemed an advice from me some time ago that she wants to have a joint business with her boyfriend but I told her not to do it because it is not very advisable to have a business with your partner

 

[Sanjeev]

Better be solo especially if you're single. It's not good to have a married business partner.

Why not with a married partner? What's the logic behind it?

 

[Bisolami]

Why not with a married partner? What's the logic behind it?

It's not very advisable because a lot of them tend to mix business with emotions and things may go wrong at the end of the day

 

[Starmix]

Why not with a married partner? What's the logic behind it?

The wife or husband may get jealous and people's eyes are sinners despite nothing malicious happened.

 

[Bisolami]

The wife or husband may get jealous and people's eyes are sinners despite nothing malicious happened.

And they may even mix emotions with business which is not supposed to be so I will not advise good people to do it

 

[Sanjeev]

And they may even mix emotions with business which is not supposed to be so I will not advise good people to do it

I agree it's not good to start a business with a boyfriend or a girlfriend but I don't think it's bad to start it with a wife or husband.

 

[Bisolami]

Truly, it is not bad to start a business with your husband or with your wife. It depends on the level of understanding

I agree it's not good to start a business with a boyfriend or a girlfriend but I don't think it's bad to start it with a wife or husband.

 

[Sanjeev]

Truly, it is not bad to start a business with your husband or with your wife. It depends on the level of understanding

I suppose wife and husband have always have a good understanding.

 

[Bisolami]

I suppose wife and husband have always have a good understanding.

Not every marriage has a better understanding and if you do not have a better understanding with your spouse, you two cannot have a business together

 

[Sanjeev]

Even if you have a bad understanding with a friend you won't make him a business partner.

 

[Stardom22]

Yes I agree with you cause I like sole proprietorship business very much. But again if you want to go far you must involve yourself with other business partners to achieve what you want.

 

[Bisolami]

Even if you have a bad understanding with a friend you won't make him a business partner.

That's true
If you know that you won't have a proper understanding with your friend or partner, do not have a joint business with them

 

[Sanjeev]

You need to have the same thinking and compromising nature to start a business with someone.

 

[Bisolami]

You need to have the same thinking and compromising nature to start a business with someone.

Well that's true because we are definitely going to be dealing with people so we should be able to have a business with someone too

 

[uptrendfinancialsignal]

You have a very valid point because that is the most simplest business you can establish. You have no staff to pay, it is run by yourself.