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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...

6 months ago

Answered by James, a GCSE Business Studies tutor with MyTutor


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Madeleine C.

Degree: Midwifery (Bachelors) - Kings, London University

Subjects offered:Business Studies, Maths+ 1 more

Business Studies
Maths
English

“Hello! I'm Madeleine and I am currently studying Midwifery BSC at King's College University of London. ”

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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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Connor M.

Degree: Electronic and Electrical Engineering (Masters) - Bath University

Subjects offered:Business Studies, Maths+ 3 more

Business Studies
Maths
Electronics
Economics
Computing

“About Me: I am a electronic and electrical engineering student at the University of Bath. I have a strong passion for learning and I'm more than happy to help those willing to learn. I am patient and encouraging, I have previously tu...”

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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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