Sole Traders

Question 1

What is a sole trader

Answer 1

business is owned entirely by you, grown by you and ultimately succeeds or fails by you.

Question 2

What are the benefits of being a sole trader

Answer 2

You can use your own ideas as you own the business.
You don’t have anyone to take the money that you make.
There is no one to take a part of the money you produce.

Question 3

What are the dis advantages of being a sole trader

Answer 3

There is no one helping you.You have to spend more time on things with no help. There is no one supplying you with money in the beginning because there is no one investing in your business