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What are the advantage and disadvantage of small or medium-sized family business?
Wiki User
∙ 12y ago
Small - Limits the amount of staff therefore limiting the workload and therfore limiting the profits of the business
Wiki User
∙ 12y ago
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What are advantages and disadvantages of price fixing?
Price fixing is what happens with supply and demand. An advantage is a business makes money. If someone employed by that business has a family, that can be good. A disadvantage is prices are usually very high just because people want the product.
Is a small family owned business good for the economy?
Small family business are a large portion of the business in the United States. It is also a large percent of employment and the new jobs that open up. It is said that family-owned businesses are the backbone of the U.S. economy.
What are the advantages and disadvantages of family businesses?
I currently own a family business. I will list in 2 separate sections the pros and cons that I have found thus far. Pros - You can make your own hours. You can write off just about anything as "business related" I.e. - clothes (uniforms) Gas - (travel expenses), Hotels (travel expenses), Need cash? (Pay yourself contract labor for "Mowing the premises") Pretty much anything, us your imagination. Just don't get greedy!!! That is how you get caught! :P You can choose your own team of people. All of this means more family time, and more money in the bank. Isn't this what we are all looking for? Cons : Government, government, and government. Evn if you own your own business the government wants to get their little taste. And by "little" taste I mean anything that they can get their greedy little hands on. You hav etbe careful because expenses turn into taxes and taxes turn into taxes and then after all of that is said and done, you have to pay taxes. Most people do not realize how bad the government is on small business owners until they own their own. Just be careful and cut whatever corners you can, especially in the beginning. Most new businesses fail in the first few years because they see the money coming in and go crazy in spending. Then at the end of the year when uncle sam wants his money, they don't have it. Another thing to be wary of is the old, "I own it so i don't have to work" attitude. This could not be farther from the truth. Your business WILL fail without your involvement. I only recommend this for people with a decent amount of liquid assets, and the knolwedge to be able to keep up with all of the paperwork. Other than that small bit of advce, Good luck!!! :)
Why are people engaged in business?
Some people take over a family business or just want to be their own boss.
Does a business need a lend lease?
"A lend lease is valuable to a business in that it benefits the employee and their family as well as the communities in which the business operates. Many of the benefits are in the area of interdependency between the business, the community and the employee."
Advantage and disadvantage of family business opportunity?
advantage and disadvantage of family business oportunity
What are the advantage and disadvantage of small or medium sized family business?
Small - Limits the amount of staff therefore limiting the workload and therfore limiting the profits of the business
Advantage and disadvantage in points of nuclear family?
vikkali
Advantage and disadvantage of different types of communication in a society in the family or at work?
advantage of telecommunication industry? disadvantage of telecommunication industry? features of telecommunication industry?
What is advantage and disadvantage of having a bicultural family?
an advantages of having bicultural family is thAT YOU LEARN TWO LANGUAGES
What is one advantage and one disadvantage of the family unit in Jonas community as compared to the family as we know it in our society.?
They die and they live
What is one advantage and one disadvantage of the family unit in Jonas community as compared to the family as we know in our society?
They die and they live
What is one advantage and one disadvantage of the family unit in jona's community as compared to the family as we know it in our society?
They die and they live
What are advantages and disadvantages of price fixing?
Price fixing is what happens with supply and demand. An advantage is a business makes money. If someone employed by that business has a family, that can be good. A disadvantage is prices are usually very high just because people want the product.
What are the advantage and disadvantage of Eid ul fitr?
Diwali is also known as the Festival of Light. An advantage of Diwali is that it encourages the whole family to spend quality time together. A disadvantage of the festival is the pollution caused as a result of firecrackers.
List one advantage and one disadvantage of the family unit in Jonas's community as compared to the family as me know in our society.?
Advantage: In Jonas's community, families are assigned to each other based on compatibility, which can foster a sense of harmony and unity among family members. Disadvantage: However, in Jonas's community, families lack the autonomy to make choices about family composition, which can limit individual expression and free will within family relationships.
What is the advantage and disadvantage of filipino culture?
Advantage: Strong sense of community and family values, resilience in facing challenges, rich cultural heritage and traditions. Disadvantage: Can be overly hierarchical and patriarchal, tendency towards corruption in politics and society, limited acceptance of diversity and modern ideas.
