The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.
Setting up as a sole trader offers several advantages, including full control over decision-making, straightforward tax reporting, and lower startup costs. However, it also comes with disadvantages, such as unlimited personal liability for business debts, difficulty in raising capital, and a lack of continuity if the owner decides to exit the business. Additionally, as a sole trader, the business may face challenges in establishing credibility compared to larger entities.
Identify at least three challenges when setting up a business. Explain why they are challenges.
Advantages:Being your own bossBeing in controlMaking your own moneyHiring own employeesBecoming successfulDisadvantages:Taking risksHaving the business failUnable to come up with innovative ideasProduct/idea diesTaxes
There are number of advantages to attending business conferences. Some of the advantages include keeping up with industry changes and marketing a company's products.
The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.
The advantages of business administration is making good contacts for business. Also, it allows great educational experience in the business world. Some disadvantages are making hard decisions, not being able to stand up for yourself and having to go with the majority.
advantages: you can make much more money with two heads and then you can kill him off to double up. disadvantages: if you take to long to kill him he'll kill you first
Advantage: Eliminates mobile phone ring. Disadvantage: Hassle of setting it up.
ADVANTAGES: You stand up for your rights. DISADVANTAGES: you lose productivity
+Repeat business due to good public image -Have to invest and retain this to keep the quality up
what are the problems of setting up small scale business what are the problems of setting up small scale business
Advantages are they open up more of a pool of applicants and talents. Disadvantages are they take a lot of time.
The main advantages include tax incentives, closeness to the target market, good infrastructure and cheap labor and production costs. Main disadvantages include understanding Mexico's tax and labor laws, which differ greatly from other countries. Also, to speed things up, it is necessary to hire local consultants to follow up on the setup process (i.e. buying or leasing the terrain for the plant, purchasing the assets, setting up the hiring process, etc).
Advantages: Easier loan approvals, thought out and often proven business plan, support from corporate, co-op advertising, brand name advantage etc... Disadvantages: Royalty fees, binding agreement, higher up front cost
Problems Of setting Up and Running Business Units
I Give Up!!!!!!!!!