Private Business Units Generally

We have studied the main forms of private business and you may now find it useful to revise by referring to the features which are summarised in Figure 4.1. We have seen how the forms tend to alter with the growth of a business. (However, although we have traced the development of Zebedee’s business from sole trader to a large company, it must be remembered that a business can start in any form the owners wish it to have.) In this chapter we consider the reasons why businesses grow, the methods of doing so and the problems which growth often brings. We also look at two other types of business which differ widely from those we have studied so far.