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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...

7 months ago

Answered by James, a GCSE Business Studies tutor with MyTutor


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Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

Subjects offered:Business Studies, English Literature+ 4 more

Business Studies
English Literature
Economics
Accounting
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“I am a part-time tutor studying Accounting and Finance at the University of Edinburgh. I look forward to working with you to achieve your target grades. ”

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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!”

Robyn C. A Level Business Studies tutor, GCSE Design & Technology tut...
£30 /hr

Robyn C.

Degree: Business Management (Bachelors) - Cardiff University

Subjects offered:Business Studies, -Personal Statements-

Business Studies
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“Hi, my name is Robyn and I am a Business Management student at Cardiff University.  I am very patient and friendly and really enjoy teaching. I have been teaching Taekwondo since I was 15, so have a lot of experience teaching, with pe...”

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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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