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28 December, 09:20

2. Explain the strengths of a sole proprietorship and wn

ngths of a sole proprietorship and who might choose to start this type of

business:

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Answers (1)
  1. 28 December, 09:43
    0
    strengths:

    1. He or she enjoys all the profit

    2. easy to start up

    3. decision making is quick

    4. he or she can vary the hours of work

    weakness:

    1. there is lack of finance

    2. lack of specialised staff

    3. the owner bears all the risk

    4. there is unlimited liability

    who might start a sole proprietor business

    1. a person that wants to be their own boss.

    2. extra income.

    3. the entrepreneur might think he will make more money working for his self than others.
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