CNBC Select explains the key differences between business structures to help you decide which one is right for you.

By looking at the structure of an industry, leaders can often learn about competition, rivalry, entry barriers and other aspects of competitive dynamics in that industry.

"Most of us sit down and think about what didn’t work and what worked. We adjust what we’re doing in relation to that," Redrobe said. Course evaluations are also helpful in shaping the content and ...