What Is A Single Business Owner?

Be fair, attentive, and customers
will return.

A single business owner is responsible
for the liabilities, profits belong to
him or her. The success or failure of
a company depends on how well your
business plan was executed.

A business plan determines if a product
or service has a chance at success.
It's the deciding factor that shows
whether or not to continue, or start the
business.

The business plan defines goals.

Who will be suppliers? Who is the target
market? Where, who, are the suppliers?
How will products or services get to the
target market? How will the business
be financed? Expenses? How will day
to day operations be handled.

Designate an advertising budget. Where
will advertising dollars be spent?

Take the competition into consideration.

Carefully go through the business
plan in order to have a successful
business.


Source:
http://wiki.answers.com/Q/What_is_a_single_owner_businenss&updated=1&waNoAnsSet=1