SGS Cyprus

Archive for June, 2009

When one starts to organize a business enterprise, it is pre-assumed that he had conducted a feasibility or market study. That is, he knows his resources, the needs of the community the strengths of his competitors and so forth.

However what counts most is the personal characteristics of the entrepreneur. Hardwork, determination, creativity, enthusiasm and human relations can make the difference between success and failure. Many successful businessman started from scratch. Now they are millionaires. Some of them have not even acquired college education. We have this kind entrepreneurs in our own communities.

In organizing an enterprise, there are several types of business organizations to choose from. These are the sole or also called as single proprietorship, partnership and corporation. The cooperative is also considered a business organization, although its basic motive is service to the members and the community.