Advantages and Disadvantages of Starting Up A Business.
From these advantages, franchisors help franchisees building his own business by providing a series of stereotype which is created through ages exploring and experiencing. The franchisees are more easily to handle his personal small business in the beginning of his own small business. But how to enlarge or expand it is another story.
As with the other legal forms of business, the advantages and disadvantages of a franchise need to be balanced and considered before starting your new business. The main advantage is clearly the security, but the disadvantage of the costs and reduced profit and control might put people off.
Advantages of Starting Your Own Business: 1. Your rule, your kingdom (Boss): Working under someone else has always felt like a restriction. However, when you are out there, setting up your own business, you are the incharge. This point itself is a boon in disguise. It gives you the freedom to choose and make a decision of your choice. It also.
In spite of these and other disadvantages, most small business owners are pleased with their decision to start a business. A survey conducted by the Wall Street Journal and Cicco and Associates indicates that small business owners and top-level corporate executives agree overwhelmingly that small business owners have a more satisfying business experience.
The stress that comes with having full responsibility for everything related to your business is one of the disadvantages of business ownership. From initial business planning to day-to-day operations, your full commitment is required to keep things going.
As an example, here is the IELTS essay topic that you are required to write about: “ Many young people today leave their own countries to work abroad. Discuss the advantages and disadvantages of working abroad and give your own opinion.”.
This essay will suggest that saving money is the biggest advantage of this and a reduced motivation to study is the primary disadvantage. Third level education is very expensive and lots of students decide to work for 12 months and save up money before they begin their studies.