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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...

2 months ago

Answered by James, a GCSE Business Studies tutor with MyTutor


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Zyad A.

Degree: Philosophy Politics & Economics (Bachelors) - Warwick University

Subjects offered: Business Studies, Economics+ 1 more

Business Studies
Economics
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“About Me: I am a Philosophy, Politics & Economics student at the University of Warwick. I have always had a real passion and love for all things 'Economics' and hope that my tutorials will instill that love in you, too. I am very ent...”

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Vittoria S.

Degree: English and Spanish (Bachelors) - Exeter University

Subjects offered: Business Studies, Spanish+ 3 more

Business Studies
Spanish
Extended Project Qualification
English Literature
-Personal Statements-

“Hi! I am a current humanities undergraduate student at the University of Exeter, exploring the amazing subjects of English and Spanish. One of my passions is learning about other cultures, and English and Spanish both allow me to do t...”

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£18 /hr

Amy C.

Degree: Combined Honours in International Relations and French (Bachelors) - Durham University

Subjects offered: Business Studies, Spanish+ 2 more

Business Studies
Spanish
Italian
French

“I am half English half Spanish but moved to England two years ago to do a degree in International Relations and French. I have experience teaching and lots of patience, as I understand the stuggle of learning a foreign language. I can...”

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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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