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    Setting up your own business has both advantages and disadvantages. The key advantages are that you have complete control and responsibility over all aspects of the business such as finances, equipment, and work hours. You also have more freedom and flexibility to manage your own schedule as the boss. However, the major disadvantages are that you bear all the risks if the business fails and you must dedicate a significant amount of time to developing your brand identity and online presence. Working from home can also potentially lead to stress and health issues if projects do not go as planned.

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    Setting up your own business has both advantages and disadvantages. The key advantages are that you have complete control and responsibility over all aspects of the business such as finances, equipment, and work hours. You also have more freedom and flexibility to manage your own schedule as the boss. However, the major disadvantages are that you bear all the risks if the business fails and you must dedicate a significant amount of time to developing your brand identity and online presence. Working from home can also potentially lead to stress and health issues if projects do not go as planned.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    36 views1 page

    Setting Up Your Own Business

    Uploaded by

    api-536765435
    Setting up your own business has both advantages and disadvantages. The key advantages are that you have complete control and responsibility over all aspects of the business such as finances, equipment, and work hours. You also have more freedom and flexibility to manage your own schedule as the boss. However, the major disadvantages are that you bear all the risks if the business fails and you must dedicate a significant amount of time to developing your brand identity and online presence. Working from home can also potentially lead to stress and health issues if projects do not go as planned.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    SETTING UP YOUR OWN BUSINESS:

    ADVANTAGES: DISADVANTAGES:
    You are responsible for everything (finance, You must take responsibility if you fail to the
    availability, equipment etc.) standards of a client
    Due to social media algorithms, it’s easier to get You must put a lot of time into creating an online
    yourself noticed (e.g Instagram’s ‘Suggested page’) profile (create a brand identity)
    You have a lot of freedom to get jobs done as you Due to having the luxury of being at home, you may
    are your own boss lack on work
    You can feel personal satisfaction, especially if You can also feel stress and suffer with health issues
    your business is becoming successful if something does not go right

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