Disadvantages of self employment

  1. Incurs all losses alone
  2. There is possibility of making poor decisions due to lack of consultation
  3. Entrepreneur may not possess all the relevant management skills
  4. Long working hours that may cause fatigue
  5. Business lacks perpetual succession i.e. death of the entrepreneur may affect the life of the business
  6. There are no fringe benefits e.g. allowances, pension
  7. There is uncertain income which cannot be planned for e.g. getting loans

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