Friday, July 25, 2014

How come business can generate great wealth for an individual? -

What during the process of a business makes you acquire so much money rather than working for someone?

Well run, successful, business s make profit.In a corporation, the profit is distributed to the shareholders.In a partnership, the profits are split between the partners.In a sole proprietorship the profits go to the owner.

Emample: As a Real Estate Broker/OWNER I can hire dozens of realtors to work for me. I get a % of their commissions. As a business owner you can expand your business as large as you wish.increasing your profit. As a worker you only get a set wage.

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