What are some ways to maintain ownership???Hi i was thinking of starting a business but, there has been alot of different ways to start one but, i couldn't find a way to maintain it .So can you...

What are some ways to maintain ownership???

Hi i was thinking of starting a business but, there has been alot of different ways to start one but, i couldn't find a way to maintain it .So can you help me??????? oh and yeah please :D

6 Answers | Add Yours

dano7744's profile pic

dano7744 | College Teacher | (Level 2) Educator

Posted on

Forming a sole proprietorship is one way to maintain ownership. You could also form an "S" corporation. If you are considering taking the company public by selling shares of stock you could maintain ownership by limiting the number and type of shares. You could have preferred stock and common stock. You could also limit stock options.

lorrainecaplan's profile pic

Lorraine Caplan | College Teacher | (Level 1) Educator Emeritus

Posted on

Most businesses need capital for sustain them while they are getting started.  Basically, this means you need money to get started and keep the business going before your goods or services start selling.  When you open the doors of a new business, you can't count on the money rolling in to cover whatever expenses you have.  Capital is going to be in the form of your money or other peoples' money.  As the previous posts suggest, you must have a business plan to know what those startup costs and ongoing expenses will be, no matter whose money you are using to get started. 

If you are using your money to begin and sustain yourself for awhile, you maintain ownership and control of your business.  However, if you use other peoples' money, they expect to have a return on their money, some control over the business, or sometimes both.  This is something you must think about carefully, since you will then have obligations to others in some form. 

catd1115's profile pic

catd1115 | Middle School Teacher | (Level 3) Assistant Educator

Posted on

Are you asking about how to insure success? If so then I think the previous posters have pretty much covered it. A) A business that meets an existing need B) A solid business plan C) proven, diligent and honest business practices

If you asking about how not to be bought out or overrun, well then the key is to establish propriety over your items, ideas or services. Look into patents and copyrights as well as other legal means of securing your ideas. Be sure to research how to write contracts so that all the products of your business (tangible and intangible) belong solely to you.

lentzk's profile pic

Kristen Lentz | Middle School Teacher | (Level 1) Educator Emeritus

Posted on

Much of what I have to say will echo #2, but make sure there is a need for your business.  Don't try to create a problem and then convince people it is a problem.  Find a need, whether that is a product or service in your area, then work diligently to provide for that need.  If you are truly providing help to a proven need and you are providing for that need professionally then I predict you will have no problem ensuring its long term sustainability.

pohnpei397's profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted on

So are you just asking how you can keep from losing the business that you start?  It seems to me that the answer is that you have to have good business practices and a good business plan to begin with.  In other words, you need to make sure that there is a market for what you are selling and you need to make sure that you are working efficiently to supply that market.

noobcakes4603's profile pic

noobcakes4603 | Student, Grade 9 | (Level 1) Salutatorian

Posted on

So are you just asking how you can keep from losing the business that you start?  It seems to me that the answer is that you have to have good business practices and a good business plan to begin with.  In other words, you need to make sure that there is a market for what you are selling and you need to make sure that you are working efficiently to supply that market.

ok thanks alot

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