Mikes smithen
Verified member
Is self-employed individual in business is basically an individual who own and manage a sole proprietorship business. This form or category of business is considered to be very much enjoyable as such individual carries out total decision authority in his or her business, also sole proprietorship business have high potentials for profit making, sole proprietorship business is considered to be inexpensive and very much easy to establish and manage. Of course with everything that has an advantage then must be an underlaying disadvantage.
There are so many disadvantage of being a sole proprietor or being self-employed, the first disadvantage is that there is always a feeling of isolation, the self-employed business owner have limited personal liabilities, majority of sole proprietorship business have low potentials to attract capital, and last of all majority of sole proprietorship business are not recognized by the economy or government.
There are so many disadvantage of being a sole proprietor or being self-employed, the first disadvantage is that there is always a feeling of isolation, the self-employed business owner have limited personal liabilities, majority of sole proprietorship business have low potentials to attract capital, and last of all majority of sole proprietorship business are not recognized by the economy or government.