{"id":5141,"date":"2023-02-22T21:06:36","date_gmt":"2023-02-22T21:06:36","guid":{"rendered":"https:\/\/course.oeru.org\/ient101\/?page_id=5141"},"modified":"2023-02-22T21:06:36","modified_gmt":"2023-02-22T21:06:36","slug":"advantages-and-disadvantages-of-small-businesses","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/ient101\/learning-pathways\/entrepreneurs-as-small-business-owners\/advantages-and-disadvantages-of-small-businesses\/","title":{"rendered":"Advantages and disadvantages of small businesses"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<p>There are advantages and disadvantages to running a small business. For example, it&#8217;s great to be your own boss, but you&#8217;ll work longer hours than before.\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"reading\" src=\"https:\/\/course.oeru.org\/ient101\/wp-content\/themes\/oeru_course\/idevices\/Icon_reading.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Reading<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<ol>\n<li> Read this article on <a rel=\"nofollow\" class=\"external text\" href=\"http:\/\/open.lib.umn.edu\/exploringbusiness\/chapter\/5-4-advantages-and-disadvantages-of-business-ownership\/\">Advantages and Disadvantages of Business Ownership<\/a>\n<\/li>\n<li> This is written from an American perspective. What differences do you think there might be in other countries? (Think about your own country if you do not live in the USA.)\n<\/li>\n<li> Complete Exercise 1 (located at the end of the reading) and record your answers in your learning journal blog.\n<\/li>\n<\/ol>\n<p>Remember to tag or label your post using the course code: IENT101 (This is needed to harvest a link to your blog post in the course feed.)\n<\/p>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p>\n<\/p>\n<div id=\"Answergarden\" class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"activity\" src=\"https:\/\/course.oeru.org\/ient101\/wp-content\/themes\/oeru_course\/idevices\/Icon_activity.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Brainstorm<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<div class=\"floatright\"><a href=\"https:\/\/wikieducator.org\/File:Unbalancedscales.png\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"Unbalancedscales.png\" src=\"\/\/wikieducator.org\/images\/thumb\/2\/2a\/Unbalancedscales.png\/300px-Unbalancedscales.png\" width=\"300\" height=\"194\" class=\"img-responsive\"><\/a><\/div>\n<p>In this activity you and your sister\/fellow learners are going to create two word clouds &#8211; one for advantages and one for disadvantages.\n<\/p>\n<ol>\n<li> Undertake a web search for small business advantages and disadvantages.\n<\/li>\n<li> Create two lists of words\/phrases describing advantages and disadvantages. You are allowed 20 characters per word\/phrase. Aim to get 10 advantages and 10 disadvantages.\n<\/li>\n<li> Enter the words\/phrases from your list into the appropriate cloud:\n<ul>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/answergarden.ch\/446369\">Advantages<\/a>\n<\/li>\n<li> <a rel=\"nofollow\" class=\"external text\" href=\"https:\/\/answergarden.ch\/446374\">Disadvantages<\/a>\n<\/li>\n<\/ul>\n<\/li>\n<li> For you, what was the most interesting\/surprising advantage\/disadvantage?<br \/>Post your comment(s) below and then look on the <a href=\"\/ient101\/interactions\/course-feed\" title=\"Introduction to entrepreneurship\/IENT101\/Feed\">course feed page<\/a> to see what others have posted.\n<p><div><p>You must be logged in to post to WEnotes.<\/p><\/div><br \/>\nIf you prefer you can create a post on your learning journal blog. Be sure to label or tag your post IENT101.<br \/><i>Note: Your comment will be displayed in the <a href=\"\/ient101\/interactions\/course-feed\" title=\"Introduction to entrepreneurship\/IENT101\/Feed\">course feed<\/a>.<\/i>\n<\/li>\n<\/ol>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.051 seconds\nReal time usage: 0.060 seconds\nPreprocessor visited node count: 211\/1000000\nPreprocessor generated node count: 930\/1000000\nPost\u2010expand include size: 7214\/2097152 bytes\nTemplate argument size: 3606\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:181153-0!*!0!*!*!2!* and timestamp 20230222210636 and revision id 1054622\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/ient101\/learning-pathways\/entrepreneurs-as-small-business-owners\/what-is-a-small-business\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/ient101\/learning-pathways\/entrepreneurs-as-small-business-owners\/finding-advice-on-running-a-small-business\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Introduction_to_entrepreneurship\/IENT101\/Small_business\/Advantages\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"a43b1675779b81079ed639044f89777e\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Introduction_to_entrepreneurship\/IENT101\/Small_business\/Advantages\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"a43b1675779b81079ed639044f89777e\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>There are advantages and disadvantages to running a small business. For example, it&#8217;s great to be your own boss, but you&#8217;ll work longer hours than before. \u2190 Previous Next \u2192<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":5133,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5141","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/comments?post=5141"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5141\/revisions"}],"predecessor-version":[{"id":5142,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5141\/revisions\/5142"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/pages\/5133"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/ient101\/wp-json\/wp\/v2\/media?parent=5141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}