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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,...

7 months ago

Answered by Sowah, a GCSE Business Studies tutor with MyTutor


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Nandini G.

Degree: Business & Management with Industrial Experience (Bachelors) - Exeter University

Subjects offered:Business Studies

Business Studies

“19, Business and Management student at Exeter, with a passion for teaching! Willing to help students do their best!”

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£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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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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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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