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2 Mr. John Smith intends to start a business on his own. The company is about to start selling stationery and paper. His siblings, on
2 Mr. John Smith intends to start a business on his own. The company is about to start selling stationery and paper. His siblings, on the other hand, approached him with the intention of becoming partners with him. Mr. John must now decide whether to pursue his plan to start a solo business or to work with his siblings. Briefly explain the following to him as his friend: a. Explain FOUR (4) critical factors in initiating a new business venture. (8 marks) b. If Mr. John decides to accept his sibling's offer, explain THREE (3) advantages and disadvantages of the business. (12 marks)
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