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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...

9 months ago

Answered by James, a GCSE Business Studies tutor with MyTutor


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Francesca D.

Degree: Philosophy (Bachelors) - Exeter University

Subjects offered:Business Studies, Philosophy and Ethics+ 2 more

Business Studies
Philosophy and Ethics
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“A friendly, approachable and committed tutor with a great enthusiasm for helping students reach their full potential! ”

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Grace B.

Degree: BSc Management with Marketing (Bachelors) - Bath University

Subjects offered:Business Studies, Extended Project Qualification+ 4 more

Business Studies
Extended Project Qualification
English Literature
English Language
Economics
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“Bubbly, Personable, Motivated, Focused, Organised, Hard working, Positive, Conscientious”

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Max H.

Degree: Law with Spanish Law (Bachelors) - Oxford, St Anne's College University

Subjects offered:Business Studies, Law+ 4 more

Business Studies
Law
History
English
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“Past IB Graduate and current Oxford Law Student with extensive tutoring experience.”

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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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