In recent times, most individuals choose to be sole proprietors rather than
work
for a cooperating group. Use synonyms
This
essay will elucidate both reasons and give the negative aspects of being a sole proprietor.
Linking Words
To begin
with, individuals seek to be self-employed because, the profit they get, is for them only. They will not share the money with anyone because it is their own Linking Words
company
. Use synonyms
Also
, individuals are not bound by any rules. They can do whatever pleases them.Linking Words
Furthermore
, they render no account to anyone compared to working in a Linking Words
company
. Use synonyms
For example
,in a survey conducted in Australia , self-employed people said they do not share their gains with anyone except for themselves and operate their own rules
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However
, being a sole proprietorship has its own demerits. When the individual dies, the job collapses because there is no one to look to hereafter. Linking Words
For example
, Michael Jackson, a renowned CEO in textiles in South Africa,when died no one looked after his job which collapsed.Linking Words
In addition
, when the owner of a Linking Words
company
spends the capital, it retrogresses the Use synonyms
work
leaving it in a stagnant position.Use synonyms
Furthermore
, the Linking Words
work
becomes limited in ideas because the owner takes decisions alone without consulting others unlike the Use synonyms
company
In conclusion, self-employed people spend the profit alone. Use synonyms
However
, when the owner dies the Linking Words
work
dies off too.Use synonyms
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