If you have decided to launch your private business, you will have to deal with such concepts as “a way of earning”, “a way of employment”, “the degree of responsibility” and “personal success”. To launch a business you need your starting capital. This may be either your share, or different investments (that are actually not common), or loans. Loans may be either short-term or long-term (more than one year). If you already know where to get your starting capital from, think about the degree of responsibility you can manage with. Sole proprietors are responsible for everything. Partners share the responsibility. And if you don’t want to risk your private property, join a partnership with limited liability. When considering the way of employment, you must decide how much you are eager to do yourself and how many workers you are going to employ. And, finally, you must always keep in mind that businesses are not always prosperous. Sometimes entrepreneurs suffer losses and are driven off the market competition or have to merge with other companies.
