Business Setups

Business Setups

A majority of people tend to mistake a small business owner with an entrepreneur. Although there are some congruencies between the two, small businesses and entrepreneurial ventures have a wide range of characteristics that help to distinguish one from the other. As an example, we can consider two competing burger joints operating in my hometown - Judice Inn Burgers and Mooney Burgers.

Although operating in the same market environment and catering to the needs of the same segment, both these businesses differ in characteristics as they both have different types of setup. Judice Inn Burger is a small business whereas ...