Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluated his options, what key questions should he answer to help him determine if starting a business with his friend meets his needs?

Question

Dax is evaluating the options between starting a business by himself or with a friend. In most situations, Dax prefers to be in charge; however, his friend has some expertise that would likely be helpful in running the business. Dax is carefully considering the pros and cons associated with the different types of business ownership. As he evaluated his options, what key questions should he answer to help him determine if starting a business with his friend meets his needs?
A. how much control of the business do you want?
B. What do you want to name the business?
C. How will you determine where to market your product?
D. What do you want to pay to set up the business?

GPT-4o mini · Answer

To help Dax determine if starting a business with his friend meets his needs, the key question he should focus on among the options provided is:

A. How much control of the business do you want?

This question directly addresses his preferences for control and decision-making authority, which are critical considerations in any partnership arrangement. Understanding how much control he wants will help him evaluate the dynamics of the partnership with his friend, especially given his inclination to prefer being in charge.

While the other options may also be relevant to starting a business, they are not as directly related to his need for control and partnership dynamics.