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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,...

8 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor


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Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

Subjects offered:Business Studies, English Literature+ 4 more

Business Studies
English Literature
Economics
Accounting
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“I am a part-time tutor studying Accounting and Finance at the University of Edinburgh. I look forward to working with you to achieve your target grades. ”

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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.”

£18 /hr

Matthew M.

Degree: MSci Computer Science (Masters) - Lancaster University

Subjects offered:Business Studies, Maths+ 3 more

Business Studies
Maths
Economics
Computing
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“About Matt: I'm Matt and I am a computer science student at Lancaster University. I have often been described as being friendly and hardworking by my friends, family and work colleagues. Prior to University I worked in the industry as...”

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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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