BM1-OC2-Chp2

Entrepreneurship is the ability and willingness to start, operate and assume the risk of a business venture in the hope that you will make a profit.

A sole trader is an unincorporated structure of a business ownership which has more than 2 and less than 50 partners.

A partnership business structure can have up to 400 shareholders.

Buying a Franchise means buying the rights from another business, to distribute its products under its name.

A complimentary business offers products or services that are different to yours but are aimed at the same customers in a shopping precinct such as a shopping strip or centre.

An accountant will provide interest free loans and free advice on financial services at your bank.

A solicitor can provide information on business formation and structure, registration, contracts, leases and more.

Business enterprise centres (BEC), Chamber of Commerce and local government are all sources of legal and business management advice.