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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,...

6 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor


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Olena S.

Degree: Modern Languages with European Studies (French & Spanish) (Bachelors) - Bath University

Subjects offered:Business Studies, Spanish+ 6 more

Business Studies
Spanish
French
Extended Project Qualification
English Literature
English Language
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“Patient, enthusiastic and passionate foreign languages student from Bath here to help you with your studies!”

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£18 /hr

Carlota O.

Degree: Computer Science (Bachelors) - University College London University

Subjects offered:Business Studies, Physics+ 2 more

Business Studies
Physics
Maths
Computing

“About meI am a Computer Science student at University College London. I have a passion for math and sciences and I look forward to help out with any of these areas.In high school, I completed the International Baccalaureate programm...”

£20 /hr

Zyad A.

Degree: Philosophy Politics & Economics (Bachelors) - Warwick University

Subjects offered:Business Studies, Economics+ 1 more

Business Studies
Economics
-Personal Statements-

“About Me: I am a Philosophy, Politics & Economics student at the University of Warwick. I have always had a real passion and love for all things 'Economics' and hope that my tutorials will instill that love in you, too. I am very ent...”

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£18 /hr

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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