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If starting a new business and one partner puts up all the money and the other the idea concept knowledge to run the business what is a fair split for ownership. Is 60 investor-40 entrepreneur fair?
Wiki User
∙ 15y ago
Best set up the arrangement in writing so that there is a clear agreement as to how success (or failure) will be allocated. It does not seem to me that the cost of know-how would equal the other as regarding losses, but a legal advisor would probably have the answer. A good agreement will be worth its weight in gold.
Wiki User
∙ 15y ago
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What is a person who starts a business called?
A businessperson. Hopeful An entrepreneur Enterprising Ambitious.
What are the factors that affects business ownership?
1.) nature of business 2.) the extent of capital 3.) Number of people 4.) prevailing business climate/government policies 5.) Business knowledge
What is an example of an entrepreneur?
An entrepreneur is an individual that has started a business or organization. An example of an entrepreneur would be Tom Anderson with MySpace.
Characteristic of entrepreneur?
An entrepreneur is someone who starts their own business or organization. they develop a business model and acquires resources for success.
What are the three types of business ownership?
Two of the three types of business ownership are: sole proprietorship and partnerships. The third type of business ownership is corporations.
What degree do you need to become a entrepreneur?
knowledge of commerce, market and business sense needed. no degree as such required.
Everyone who owns or manages a business is an entrepreneur?
Not everyone who owns a business is an entrepreneur.
What is A person who starts a business to produce a new product in the marketplace is known as?
An entrepreneur
What are you if you start your own business?
An Entrepreneur definitely the right answer, entrepreneur.
Use the word entrepreneur in a sentence?
The business was started by an entrepreneur.
What is a person who starts a business called?
A businessperson. Hopeful An entrepreneur Enterprising Ambitious.
What are the factors that affects business ownership?
1.) nature of business 2.) the extent of capital 3.) Number of people 4.) prevailing business climate/government policies 5.) Business knowledge
What education is needed to be an entrepreneur?
You don't any education to become an entrepreneur. You need to have a good idea to meet a need and have the passion to follow it through.
Why it is important for a businessman to have basic knowledge?
For running the business each business owner or parties who are engaged require at least basic knowledge about management and business operations. Though there are many business skills that a successful entrepreneur need to have following skills are need to make business successful:User friendly communicationEffective customer focusCuriosity to use new technology
What is the salary of entrepreneur?
An entrepreneur is a person who starts his own business as opposed to someone who works for somebody else's business. Therefore, the entrepreneur's income is not based on a pre-determined salary but on the amount of profit the business earns and how much of the profit the entrepreneur decides to keep for himself.
What is example of entrepreneur?
An entrepreneur is an individual that has started a business or organization. An example of an entrepreneur would be Tom Anderson with MySpace.
What is an example of an entrepreneur?
An entrepreneur is an individual that has started a business or organization. An example of an entrepreneur would be Tom Anderson with MySpace.
