Go Back   ManagementParadise.com | Management & Business Education Learning Platform Resolve Your Query - Get Help and discuss Projects > Entrepreneurship / Intrapreneurship

What Are Disadvantages Of Informal Business?

Discuss What Are Disadvantages Of Informal Business? within the Entrepreneurship / Intrapreneurship forums, part of the Resolve Your Query - Get Help and discuss Projects category; ...

Reply

 

Thread Tools Display Modes
What Are Disadvantages Of Informal Business?
Old
 (1 (permalink))
Jagruti Shah
shahjagruti16 is an unknown quantity at this point
 
shahjagruti16
Student of MBA at MAHATMA GANDHI MISSIONS INSTITUTE OF MANAGEMENT
Navi Mumbai, Maharashtra
Management Paradise Guru
 
Status: Offline
Posts: 5,456
Join Date: Aug 2013
Location: Navi Mumbai, Maharashtra
What Are Disadvantages Of Informal Business? - February 2nd, 2015

Disadvantages of informal businesses
 They are not legally recognized.
 They are not always reliable as profit making enterprises.
 Their access to loans from financial institutes is not clear.
 They donít comply with the social security regulations.
Advertisements

Friends: (0)
Reply With Quote
Re: What Are Disadvantages Of Informal Business?
Old
 (2 (permalink))
Jiten Mazee
jitenmazee is on a distinguished road
 
jitenmazee
Student of Bachelor of Engineering at HAKIM ABDUL HAMID UNANI MEDICAL COLLEGE
Bhopal, Madhya Pradesh
Management Paradise Guru
 
Status: Offline
Posts: 2,649
Join Date: Oct 2015
Location: Bhopal, Madhya Pradesh
Re: What Are Disadvantages Of Informal Business? - December 26th, 2015

There are many disadvantages of informal business like sometimes people in an informal business talk senseless and in some cases a wrong thing is presented to the public which leads to terrible results. This business avoids change and sets stress on implementing the old methods.
Friends: (0)
Reply With Quote
Re: What Are Disadvantages Of Informal Business?
Old
 (3 (permalink))
Jitendra Mazee
jitendra05 is on a distinguished road
 
jitendra05
Student of Bachelor of Engineering at RGTU Bhopal
Bhopal, Madhya Pradesh
Management Paradise Guru
 
Institute: RGTU Bhopal
Status: Offline
Posts: 27,848
Join Date: Jan 2016
Location: Bhopal, Madhya Pradesh
Re: What Are Disadvantages Of Informal Business? - April 1st, 2016

Quote:
Originally Posted by shahjagruti16 View Post
Disadvantages of informal businesses
 They are not legally recognized.
 They are not always reliable as profit making enterprises.
 Their access to loans from financial institutes is not clear.
 They donít comply with the social security regulations.
Hey jagruti, thanks for sharing and letting us know about the negative points of informal business. Well, i have also got a document where you would find more detailed information and its disadvantages in more simple way with examples.
Attached Files
File Type: pdf Informal businesses.pdf (323.8 KB, 0 views)
Friends: (0)
Reply With Quote
Reply

Bookmarks

Tags
business, disadvantages, informal


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off


ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.



Search Engine Optimization by vBSEO ©2011, Crawlability, Inc.