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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...

4 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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Dan G.

Degree: Business Management (With a Year in Industry) (Bachelors) - Exeter University

Subjects offered: Business Studies, Religious Studies+ 2 more

Business Studies
Religious Studies
Philosophy and Ethics
Geography

“The Lesson Experience : My lessons will be highly tailored to the student in question as I respect as a student my self that no two people learn effectively in the exact same way. However consistent features of the lessons will include...”

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Natalie H.

Degree: Modern Languages (Bachelors) - Exeter University

Subjects offered: Business Studies, Spanish+ 1 more

Business Studies
Spanish
English

“About Me I'm a student of Modern Languages at the University of Exeter with a strong passion for languages and cultures. I aim to motivate my students through fun, interesting and engaging sessions which are tailored towards the needs...”

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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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