Water Vending Business Plan

Introduction There are so many business ideas out there and water vending is one of them. This idea is very crucial for running of any economy. It is ascertained and very evident that water is life. The business idea incorporates and includes all from the young to the old and is essential all year round. The greatest supporting fact about its marketability is that the good is a basic need. Thesis Type of Business The best type of business to start with is a sole proprietorship. This is so in that the business requires little capital to start and run. The legal procedure to its formation is less involving. It does not require the sole proprietor to pay corporate tax. He or she has complete control over the entity and thus decision-making is fast and very flexible. A water vending business requires little capital to start. This is so in that there is no office space required to let. It is simple to run and operate as the duties required are maintenance and restocking which requires little labor. It does not involve a lot of technical knowledge and thus labor required is cheaply available. Any individual can start with one machine provided that it will be strategically located. All transactions will be cash based; this relieves the sole proprietor from accounts receivable documentation which means that he is relieved of the burden of bad debts. Every business investment has its cons. This idea is no different and has its own drawbacks. This is so in that the source of capital is limited unlike other forms of businesses such as companies. In case of any loss the sole proprietor ought to face it all alone. The business is no different from the investor and thus if the business is unable to fulfill its obligation, the sole proprietor may be personally liable example debts.