Individually-owned
Describing a property, business, or asset that is possessed and operated by a single person rather than a group or corporation. Typically, this term is used to highlight the unique characteristics of ownership, emphasizing personal responsibility, control, and the decision-making authority that rests with one individual rather than a collective or corporate entity.
Individually-owned meaning with examples
- The café down the street is individually-owned, giving it a unique charm that chain restaurants lack. The owner's personalized approach to customer service has created a loyal following, with regulars who appreciate the cozy atmosphere and delicious homemade treats.
- In contrasting individually-owned businesses to franchises, it's clear that the former often offer unique products and services that reflect the owner's vision. Such businesses drive local economies and provide diverse options for consumers tired of generic offerings in corporate chains.
- While individually-owned resources can be beneficial in terms of tax benefits and personal control, they also demand more effort from the owner. For instance, managing a one-person law firm requires discipline and time management skills that many may not possess.
- The artist sold her paintings at an individually-owned gallery, allowing her to showcase her work in a way that felt authentic. She appreciated the direct connection with her clientele rather than being filtered through a larger corporate entity.
- Investors tend to favor individually-owned properties when looking for rental opportunities, as they often come with less competition and a personal touch. The unique character of these properties can be an asset in attracting potential tenants who desire more than just standard living spaces.
