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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,...

2 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor

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James K.

Degree: Law with Accounting and Finance (Bachelors) - Liverpool University

Subjects offered: Business Studies, Maths+ 1 more

Business Studies
Maths
Law

“About Me: I am currently studying Law with Accounting and Finance (LLB Hons) at the University of Liverpool. I have always had a real passion and love for Maths, Economics, Business and reccently discovered Law and hope that my tutori...”

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£18 /hr

Vittoria S.

Degree: English and Spanish (Bachelors) - Exeter University

Subjects offered: Business Studies, Spanish+ 3 more

Business Studies
Spanish
Extended Project Qualification
English Literature
-Personal Statements-

“Hi! I am a current humanities undergraduate student at the University of Exeter, exploring the amazing subjects of English and Spanish. One of my passions is learning about other cultures, and English and Spanish both allow me to do t...”

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£22 /hr

Sithara T.

Degree: Philosophy, Politics & Economics (Bachelors) - Durham University

Subjects offered: Business Studies, German+ 3 more

Business Studies
German
English Language
Economics
-Personal Statements-

“My name is Sithara and I am a Philosophy, Politics & Economics Student at Durham University and previously did the IB.  I am an international student from Germany, but I have been to international schools for 4 years and to  Australia,...”

About the author

£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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