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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,...

3 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor


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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,...”

£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...”

£22 /hr

Tom H.

Degree: Economics (Bachelors) - Durham University

Subjects offered: Business Studies, Spanish+ 3 more

Business Studies
Spanish
Maths
French
Economics

“Top tutor from Durham University, ready to help you improve your grades, all the way to A*.”

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

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