What Are The Advantages And Disavantages Of A One Man Business?
Answer:
One of the advantages of a one man business is you get to be your own boss! One of the disadvantages is everything is up to you, you don't really get time off, you hold to do the job, get your product out there and everything is your reproach when things go wrong
Advantages
- owner entitled to the whole profit
- decision-making concluded faster
- expertise of all aspects of the business
- safe guard of property is more efficient
Disadvantages
- full responsibility of adjectives duties
- limited ideas
- biased conceptualisation
- obligated to whole debt
- unlimited liability
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