why do most businesses have no employees other than the owner? do you believe most of those business owners earn their entire income from that business? why or why not?

Question

Business

Baylee Payne

11 May, 10:40

why do most businesses have no employees other than the owner? do you believe most of those business owners earn their entire income from that business? why or why not?

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Answers (1)

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Liana Kelly · Answer 1

Most small businesses are run by either a single person or a family.

Explanation:

Small businesses usually don't have an operational scope to hire employees and rely on either the skill set of the business owner or manufacture of a product that one person or a family can make.

Hiring of a staff comes with commitments of regular payouts and salaries which is not viable for many small businesses.

As these businesses are run by a single person, they are usually the sole source of their incomes as they would be putting in most of their working potential on the same.