Asole proprietor wants to take out a loan so she can buy a small restaurant and open her own cafe. what are some benefits and costs of buying the restaurant property?

Benefits of owning a Business

1) She would have the, advantage of not sharing her profit with anyone.

2.) She would be her own boss.

3.) She would gain the sense of achievement business ownership.

4.) She would have a legacy in the business.

5.) She doesn't have to pay any special taxes.

Cost of buying the business

1.) She would have an unlimited liability.

2.) She would have limited financial resources to run the business.

3.) Managing difficulties would arise.

4.) The very high time commitment attached to running a firm.

5.)Very little benefits derived in most cases.

6.) limited growth in most cases.

7.) Most one man business has a limited life span/duration.