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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.

James K. IB Business Studies tutor, A Level Business Studies tutor, G...

11 months ago

Answered by James, 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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Megan J.

Degree: BSc Business (Bachelors) - Lancaster University

Subjects offered:Business Studies, Extended Project Qualification+ 2 more

Business Studies
Extended Project Qualification
Economics
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“I study BSc Business at Lancaster University which is in the top 10 and the management school is triple accredited.”

£18 /hr

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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James K.

Currently unavailable: for regular students

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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