Discussion: Wilderness Backpacking Expeditions
For this discussion imagine that you and some friends want to start a business to take tourists on wilderness backpacking expeditions. You have to use your own money to start and none of you has a lot of extra money, so you plan to start small. However, if you are successful, you would like to expand into other types of outdoor tours and perhaps even open branches in other locations. Review the section titled Forms of Business Ownership in chapter 5 of the text book. With your fellow classmates discuss and answer the following questions:
• What form of ownership should your new enterprise take, and why?
• What are the advantages and disadvantages of the form of ownership you selected?