Succeeding in the World of Work

Section 2: Being a Business Owner

After You Read Section Review Answers

Review Key Concepts

1. Buy an existing business, start your own business, buy a franchise, or take over a family business.
2. A partnership is a legal arrangement in which two or more people share direct ownership, while a corporation is a business that legally operates apart from the owners.
3. You would need to provide a business plan and a financial plan.

4. Jun and Lisa will need 760 square feet of sod (32 x 15 = 480; 20 x 14 = 280; 480 + 280 = 760).