Come visit us at Maddie's Boutique!
Designer dresses for every occasion at affordable prices.
Entrepreneur: Madison Walker. My business is a sole proprietorship because I own my business by myself.
Labor: workers that make and alter the dresses.
Physical Capital: sewing machines, serger machines and cloth.
Human Capital: experience with sewing machines and fashion merchandising.
Advantages of being a sole proprietorship is that its easy to start up, and I have full control over my business. Some disadvantages of being sole proprietorship is that there's unlimited liability, and limited access to resources. My business is also a multinational corporation because we have an online store where customers worldwide can purchase items.