preview

Credibility Or Non-Profit-Oriented Business

Decent Essays

Credibility could be built by first of all, drafting a with business planning. The business plan would state clearly whether it would be a profit oriented business or for non-profit oriented. If the business is profit driving then, the profit sharing formula and management position has to be decided at the start of the business. This is to avoid conflict from arising in future due to the success or failure of the business. If the business is going to be non-profit focused, decision has to be made whether, the business is going to move towards profit making in future or it is going to stay the same. Also decision has to made in respect of where the enumeration is going to come from whether students would be levied or not. Furthermore, each member

Get Access