sole trader is a person who carries out the trade or business single handedly. usually there is no one to assists him though in some cases he might keep an assistent or a helper.
features:
1. he is responsible for the entire business
2. the law does not make any distincion between the owner and his business
3. his liability is unlimited. e.g if the business goes bankrupt. the owner will have to raise money from his own assets and financial resource to pay for the creditor and lenders.
4. the sole trader has the final say as far as decision making is concerned. since he has all the freedom to take all of the decision he is also reponsible for them.
5. he keeps the entire profit earned by him simmilarly he also has to shoulder the entire burden of lost.
6. a sole entirety might come to an end if the owner becomes bankrupt or has an entimely demise
reasons why people might set up their own business :
1. you control your own destiny, you are making the decisions on how best to steer your company into the future. these may lead to creating a culture, a brand, and an organisation.
2. you can find your own word life balance. meaning, flexibility, working for wherever you want, setting your own hours, or even wearing a night gown or sitting by your pet while you work. owning their own business, lets them set their priorities.
3. you choose the people you work with.
4. you take on the risk and reap the rewards. in another way the better the are at managing risks, the more rewards you reap.
5. you can challenge yourself new opportunities to be creative and learn something new.
6. you can follow your passion.
7. you can get things done faster. rather than wait for approval, small business got the chance and flexibility to be proactive to run new things up and be at the forefront of new products, techniques, or promotional strategies.
8. you can connect with your clients.
9. you can give back to the community. business owner can give back to community, they operate in the form of the products and services they offer by donating to charities and especially the ability to create jobs.
10. you feel pride in building something of your own. there is pride in being succesful through your own leadership, abilities, ideas, and efforts. the public are interested inyou, and your story.
Monday, 21 April 2014
Tuesday, 15 April 2014
How do you think young people are influenced by what they see on television?
I think that although movies or TV programs have some good aspects, they affect people and society more negatively. Children who spend a lot of time watching television tend to get lower gades. In addition, violent movies or TV programs make our society more aggressive. I feel as though we thread through our lives believing that we never have enough, where we are is not where we should be, and who we are is not good enough.
TV teaches us that society awards perfection, and those of us who merely scrape by are less valueable or less important than those who excel. We are taught that in order to be great, we have to do better, be more, achieve more, and have more. As a result, throughout life we actually become less and less. We don't evolve, we merely become distracted and preoccupied. WE have more things, but less time. We have success in our material world, yet we are empty inside. TV to me is time consuming and a barrier to the outside world. I just feel it robs us of precious time, the average person watches more than five hours of TV a day. That's 35 a week. If you get rid of your TV, you can reclaim this time for youself. TV often makes us oblivious to the world around us and not to mention the fact that six media corporations run 96% of all media, that just demonstrates the illusion of choice, we are shown what they want us to be shown.
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