Why do think more than 70 percent of all businesses are organized as sole propreitorships

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Josiah Rivera

11 October, 08:46

Why do think more than 70 percent of all businesses are organized as sole propreitorships

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Kaeden Conway · Answer 1

Researchers show what the family business is the foundation of Small business - the number of family firms reaches 70-75% of the total mass of functioning small enterprises. This is due to several circumstances:

Trust relations among relatives; The safety of trade secrets; Technology secrets are transferred only to family members; The profit from the entrepreneurial comes into the property of the family; The social support of each other is an integral part of the family business.