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What are the advantages of doing business as a sole trader?

In answering this question, a few things must be taken into consideration. FIrstly, the question clearly asks for the advantages of being a sole trader. This means that any time wasted in explaining a disadvantage of this will gain no marks. The marks allocated to the question give an idea of how many advantages you may need to put across. If this question was for 8 marks, you would probably need to explain in detail about 4 advantages. An evaluation point may help at the end of your response.

Sowah D. GCSE Business Studies tutor, A Level Business Studies tutor,...

12 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor


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Max H.

Degree: Law with Spanish Law (Bachelors) - Oxford, St Anne's College University

Subjects offered:Business Studies, Law+ 4 more

Business Studies
Law
History
English
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-Oxbridge Preparation-

“Past IB Graduate and current Oxford Law Student with extensive tutoring experience.”

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Megan J.

Degree: BSc Business (Bachelors) - Lancaster University

Subjects offered:Business Studies, Extended Project Qualification+ 2 more

Business Studies
Extended Project Qualification
Economics
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“I study BSc Business at Lancaster University which is in the top 10 and the management school is triple accredited.”

£20 /hr

Tanya K.

Degree: Politics and International Studies (Bachelors) - Warwick University

Subjects offered:Business Studies, Psychology+ 5 more

Business Studies
Psychology
French
English and World Literature
English Literature
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“Studying Politics and International Studies at the University of Warwick. Blogger for the Huffington Post.”

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Sowah D.

Degree: LLB Law (Bachelors) - Birmingham University

Subjects offered:Business Studies, -Personal Statements-

Business Studies
-Personal Statements-

“I am Sowah Dua, currently studying LLB Law as a Bachelor's degree at the University of Birmingham. I joined MyTutor for one reason and one reason only; I love to and am very willing to help. Even though i didn't achieve perfect grades...”

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What are the advantages of doing business as a sole trader?

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