What are six disadvantages of self-employment?

Answers

Answer 1
Being self-employed for the past 15+ years I can tell you that there are many disadvantages of self-employment. My top six would be:

1. I pay more taxes
2. My pay is never the same (I have good months and bad months)
3. I tend to over-work (I work an average of 70+ hours a week.
4. There are no benefits (medical, dental, etc.)
5. I do not get paid if I take off (sick or vacation)
6. There are many distractions in my home that makes working difficult sometimes (personal call, my pets, Grandchildren, etc.) 

I hope this helps. if you have any questions, please don't hesitate to ask.

Take care,
Diana

Related Questions

Why do economists study the money supply? Be sure to mention liquidity in your response.

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The money supply is the total amount of money available in an economy at any given time. It's important to study this supply so that we can understand how accessible money is in our system. Because money can exist in different forms and in different kinds of accounts, it can be more or less liquid.
Economists measure the money supply because it's directly connected to the activity of taking place all around us in the economy world.the M1 is the narrowest definition of money. M1 consists of coins and currency, checking accounts and traveler's checks.

The fundamental purpose of the starting phase of a project is​ ________.

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The fundamental purpose of the starting phase of a project is ________.the answer is: (setting the ground rules for the collaboration)

____ contracts reduce the risk of incurring higher costs than expected.

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Insurance is the right answer. When there is a risk of incurring in higher cost than cannot be controlled, an insurance could compensate this hypothetical costs in exchange of paying a premium, the fixed amount of money payed to the insurer.

Mike and tom debone chicken breasts for ted's chicken co. mike is new and can only debone 30 chicken breasts per hour by hand, while tom's experience allows him to debone 60 chicken breasts per hour by hand. ted buys one new machine that can debone 100 chicken breasts per hour. both mike and tom work the same 40 hours per week, but one of them is assigned to operate the machine instead of deboning the chicken breasts by hand. to obtain maximum average hourly productivity, ______ is assigned to use the machine and their combined average hourly productivity as a team is ______ chicken breasts

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Mike is assigned to the machine as he is the least efficient producer. After getting the machine, the team debones 160 chicken breasts per hour (Mike deboned 100 and Tom deboned 60), average hourly productivity=80

Which organizational structure did jack welch use at ge to eliminate vertical and horizontal lines within ge and to break down external barriers between the company and its customers and​ suppliers?

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Jack Welch coined the term boundaryless organization to describe his idea of what he wanted GE to become. He wanted to eliminate vertical and horizontal boundaries within GE and break down external barriers between the company and its customers and suppliers.

The organizational structure that Jack Welch use at GE to eliminate vertical and horizontal lines within GE and to break down external barriers between the company and its customers and suppliers is a boundary less organization.

Further Explanation:

Boundary less Organization: It is referred to an organizational structure that does not have any structures and is based on the idea of the free flow of information, efficiency, innovation, and growth so as to remain competitive in the constantly changing world. The concept was introduced by Jack Welch, who is a management thinker and former chairman of General Electric. The important principle of these organizations is adaptability and flexibility.

These organization also make use of the advanced tools and technology to facilitate the breaking down of vertical and horizontal lines. This helps in establishing a better and fast communication channel. This increases the productivity and efficiency of the organization.

Therefore, Jack Welch at GE should introduce a boundary less organization to break down external barriers with the customers and the suppliers.

Learn more:

1. Learn more about the organizational data

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2. Learn more about the position in the organisation

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3. Learn more about the recording of asset

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Answer details:

Grade: Middle School

Subject: Business Studies

Chapter: Organizational Structure

Keywords: Organizational structure, Jack Welch, GE, vertical and horizontal lines, external barriers, a boundary less organization, business studies.

What are ethics? how would they apply to business and technology?

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Ethics are personal codes you live by, such as you won't discriminate against someone by means of age, sex or race. They would imply in a business environment and the tech field as. being the owner of a company you want your employees to share your same ethic code, what you expect of them to not lie, steal or cheat. Etc.  

Which term identifies the occurrence of the system denying access to someone who is actually authorized?

Answers

False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 

The major drawback of most fad diets is:
a. they promote false information about weight loss.
b. they do not create lifestyle changes to support long-term weight control.
c. they create false hopes among those who try them.
d. they usually require the purchase of dietary supplements.

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All of these can be true of fad diets but A is especially true. You need a balance of foods in order to be healthy and many fad diets don't support this. They teach dieters to eat a lot of a few types of food which creates an unhealthy idea of how to lose weight.

A company that manufacturers frozen food items is employing the shaping process to get consumers to try its products the free samples offered by the company along with discount coupons have been received well by the consumers the next step in shaping process is to

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Largely advertise. Invest in commercials, spokespersons, run sales such as bogo.

______________ of leaders include​ gathering, analyzing, and communicating various materials for the company both internally and externally.

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The answer to this question is Informational roles
Informational roles refers to the role to collect, analyze, and distribute all information that is essential/necessary for the company to achieve its goal.
This role is really important to ensure that company will be able to make every necessary precaution for potential threat/problems when it's tyring to accomplish its goal

You have been the assistant manager at a small deli for the past three years, and you have made friends with many of the customers. You are thinking about opening up your own deli, and there is a great space just around the corner from your current job. You think many of the customers you have befriended will follow you to your new business. Is it fair to open a shop in competition with your current employer? Why or why not?

Answers

If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with. 

Answer:

If you financially able to open a deli and it is your passion then you should be able to open one. You might get the feeling that your old employer doesn't approve of what you did, but that is because you are now a competition. You might have some customers who won't want to switch to a new place but most of them probably would be okay with.

Explanation:

correct on edge 2022

One characteristic that is important to consider in social network theory is reciprocity of relationships

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The answer to this statement is true. It is because reciprocity is one of the characteristics that are needed to be considered in social network theory. The other characteristics that are also needed to be considered are the following; density, formality, complexity, homogeneity, intensity and geographic dispersion.

Anthony, the plant manager, was talking with another manager about tim, the lead engineer in the corporate r & d department. anthony remarked, "tim is so bright, and he is an expert in designing products. but like so many experts, he can't imagine what it's like to be as ignorant as the rest of us. i think at times, he cannot see things from an outsider's perspective." tim is suffering from

Answers

Tim is suffering from a narrow perspective. This is where an individual tends to be narrow minded. These are people who usually has a limited outlook in terms of considering other things such as ideas, perspectives or other suggestions—in which, they will likely not listen to other people.

Tim is suffering from narrow perspective. A narrow perspective in marketing is similar to a niche market where there are different methods that include advantages and disadvantages. Customer’s will often always chose products that are the most relevant to their needs and desires. Tim is so set in his ways that he just sticks to his needs and desires without being able to relate to an outsider. 

An account that would be increased by a debit is
A. cash.
B. fees earned.
C. capital.

Answers

An account that would be increased by a debit is A. cash.
Cash account is the only account among these up there which would be increased by a debit. Credit is the type of money which you take from your account; on the other hand, debit is the money that you pay into your account, so obviously you will have more money in your cash account if you pay money into it.

Answer:

INCORRECT ANSWER A. cash is INCORRECT

Explanation:

Suppose that a country's annual growth rates over a 10-year period are as follows: year growth rate 1 5% 2 3 3 4 4 – 1 5 – 2 6 2 7 3 8 4 9 6 10 3 instructions: in part a, round your answer to 1 decimal place. in part b, enter your answers as whole numbers.
a. what was the country's trend rate of growth over this period?
b. which set of years most clearly demonstrates an expansionary phase of the business cycle?

Answers

Final answer:

The country's trend rate of growth over the 10-year period is 2.7%. Years 8 and 9 most clearly show an expansionary phase in the business cycle, with significant growth from 4% to 6%, indicating a phase of rapid growth.

Explanation:

To calculate the country's trend rate of growth over this period, we can find the average of the annual growth rates provided. Summing these rates: 5% + 3% + 4% + (-1%) + (-2%) + 2% + 3% + 4% + 6% + 3% gives us a total of 27%. Dividing by 10 years, we get an average annual growth rate of 2.7%. Hence, the country's trend rate of growth over this 10-year period, rounded to one decimal place, is 2.7%.

Considering the business cycle's pattern of expansion and contraction, the set of years that most clearly demonstrates an expansionary phase of the business cycle would be a consecutive period where growth rates are consistently increasing. Here, we see that from year 8 to year 9, there is a jump from 4% to 6%. Hence, years 8 and 9 represent an expansionary phase, though considering broader trends, the data from year 6 through year 10 could also be indicative of expansion.

Nominal gdp is: question 31 options:
a.the inflation-adjusted gdp.
b.the constant-dollar gdp.
c.the real gdp minus depreciation.
d.the current-dollar gdp.

Answers

the answer is probably d. the current-dollar gdp

When doing business in russia, it is not appropriate to look directly into the eyes of your russian hosts?

Answers

I am half russian and  it is a normal thing to do. My uncle is a businessmen and it is a common thing to do in russia.

Samuel applied for a loan to purchase a new car. his application was denied. what should he do now?

Answers

In a situation in which Samuel's application for a loan to purchase a new car was denied, he can do several things:
1. Ask why he was denied. What thing lead to this situation?
2. If he made a mistake in the application, he should correct it.
3. And if not , for example if the denial is due to poor credit report, Samuel should get a free copy of his report from any of three major credit reporting agencies and get a second opinion.
4. And finally if this also does not work he should apply for a new loan.

which one of the following. in addition to disciplinary program and drug-test, can employers misuse as a form of retaliation against an employee for reporting a workplace injury or illness?

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Employers can't demote, discharge, or deny a bonus or other benefit to an employee for reporting a workplace injury or illness. Employers also can't demean or embarrass the employee (like making them wear an orange vest for a week) for reporting the injury or illness
The policy laid down by the occupational safety and health administration does not ban appropriate disciplinary, INCENTIVE or drug testing programs.
Employers can misuse INCENTIVE as a form of retaliation against an employee for reporting a work place injury.
Incentive programs are programs that encourage safe work practices and promote workers' participation in safety related activities. It is a crime for an employer to use incentive program in a way that penalize a worker for reporting work related injuries.

If herman were to not hire jake, what would jake have to show to win an age discrimination in employment act (adea) case

Answers

Generally, to prevail on an ADEA claim, an employee or applicant must show that: (1) he or she is 40 years old or older, (2) he or she was adversely affected by an employment action, and (3) the employer took such action because of the employee or applicant's age. To show an adverse effect, the employee or applicant must show an actual employment action. Being sworn at, for example, is not a sufficient employment action. Furthermore, although an employee or applicant need not show that age was the only factor that caused the adverse employment action, he or she must show that it was a contributing cause. As with Title VII and other discrimination actions, ADEA claims may be divided into two general types: disparate treatment and disparate impact. Disparate treatment claims are those that stem from employment decisions which, on their face, were discriminatory. For example, if an applicant seeks to show that he was not hired by an employer because he was over 40 years old, he is asserting a disparate treatment claim. Disparate impact claims, on the other hand, involve facially neutral policies that have the effect of discriminating against older workers. If an employer seeks to show that a test given to workers to determine their eligibility for promotion disproportionately excluded more older workers, she is asserting a disparate impact claim. Some courts have recognized disparate impact claims in the context of ADEA actions, but others have not. The United States Supreme Court has yet to determine whether such claims should be allowed.

Jim provides employees the opportunity to self-manage and make decisions over their own work processes. his leadership style is best described as:

Answers

His leadership style is best described as superleadership.
It means that the employer is providing his or her employees with enough self-leadership which is almost completely independent. They are in charge of what they do and they feel comfortable doing that. It is a type of leadership where the employer 'leads others to lead themselves.'

A large percentage of the population in ethiopia and afghanistan make insufficient money to afford food and other necessities of life. in view of this, which phrase best describes these people in ethiopia and afghanistan?

Answers

This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.

What is the maximum fine imposed for a first offense for a minor who has purchased alcoholic beverages?

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The maximum penalties for first-time offenders are $500 in many states for a first offence for a minor who has purchased alcoholic beverages.

What is alcoholic beverages?

A variety of drinks with varying alcohol contents fall under the category of alcoholic beverages. Among the alcoholic beverages that are produced on a wide scale are beer, wine, China rice wine, and distilled spirits such brandy, whiskey, rum, gin, cognac, vodka, tequila, and China distilled spirit.

The demand for alcoholic beverages such as brandy, whiskies, rum, gin, and other gins, as well as wine, white wine, other grape-based wines, and other alcoholic beverages has increased on a global scale. India is the third-largest market for alcoholic beverages worldwide.

Alcohol poisoning and intoxication are more likely to occur more quickly and at lower dosages in alcoholic beverages that contain more alcohol than others.

Thus, The maximum penalties for first-time offenders are $500.

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what is 55 billion expressed in scientific notation?

Answers

The answer is 5.50E+10(5.50X10^10) hoped that helped

__________ protect equipment from too much current by tripping a switch that breaks the circuit, stopping the flow of electricity. A. Amp B. Circuit Breaker C. Fuse

Answers

B. Circuit Breaker not sure if i am right or not

Circuit Breakers protect equipment by automatically opening the circuit if too much current flows through, which can be reset unlike a fuse that must be replaced after melting due to excessive current.

Circuit Breakers protect equipment from too much current by tripping a switch that breaks the circuit, stopping the flow of electricity. Unlike an amp, which is a unit of electric current, or a fuse, which is a one-time use safety device, a circuit breaker can be reset. Circuit breakers are rated for a maximum current, and they open automatically to protect the circuit.

A fuse consists of a piece of wire with a low melting point inserted in a circuit. If the current exceeds a certain level, the wire melts, opening the circuit to prevent damage or fire. Circuit breakers provide a similar protection but are more convenient because they can be easily reset after tripping.

The legal documents that identify the basic agreements between partners are called:

Answers

articles of partnership

A project has an initial cost of $6,500. the cash inflows are $900, $2,200, $3,600, and $4,100 over the next four years, respectively. what is the payback period?

Answers

Pay Back Period is a capital budgeting technique which shows the period at which the initial investment is returned in a project.

Payback Period = A + (B ÷ C)

In the above formula,

A is the last period with a negative cumulative cash flow = 2 Years;

B is the absolute value of cumulative cash flow at the end of the period A = $3,400;

C is the total cash flow during the period after A = $3,600

Payback period = 2 + ( $3,400 ÷ $3,600)

= 2 + 0.9444

= 2.944 years

Therefore, the payback period is 2.944 years.

*Note: The image attach shows the calculation of Cumulative cash flows)

Southeast asian countries export a large portion of their palm oil production, sending much of it to which areas?

Answers

Final answer:

Southeast Asian countries export a large portion of their palm oil to high-demand regions like India, China, and the European Union. The industry has significant environmental implications due to the effect of plantations on biodiversity. Malaysia's strategic location has made it a key player in palm oil exports.

Explanation:

Southeast Asian countries, particularly leading producers such as Malaysia and Indonesia, export a significant portion of their palm oil production. Much of this palm oil is exported to areas with high demand for vegetable oil and biofuels, which includes countries such as India, China, and members of the European Union. These regions rely on Southeast Asian palm oil for its versatile use in the food industry and its renewable potential as a biofuel, despite environmental concerns over the expansion of oil palm plantations.

Malaysia has especially optimized its export capability by capitalizing on its strategic location along major shipping routes, thus becoming a leader in palm oil exportation. This has been a part of the country's broader shift to manufacturing and the development of its agricultural and extractive sectors that began in the 1980s and 1990s.

The global demand for palm oil continues to drive the expansion of oil palm plantations in Southeast Asia, which in turn has significant implications for biodiversity due to the replacement of native forest habitats, as seen in places like Sabah province in Borneo, Malaysia.

Producer surplus is represented by the area ________ the supply curve and ________ the price.

Answers

Producer surplus is an economic measure of the change between the quantity a producer of a good obtains and the least amount the producer is eager to receive for the good. The change, or surplus amount, is the profit the producer obtains for selling the good in the market. This is found above the supply curve and below price.

The recommended model to estimate the cost of common equity for a firm is

Answers

The recommended model to estimate the cost is the CAPM.
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