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From course:

GCSE Business 2020-2022 OCR

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Question:

Whats bad about a Sole Trader

Author: go kys



Answer:

-You can't discuss your business problems to anyone really -You have Unlimited Liability. Your business and personal accounts are not seperated -Hard to raise money to expand. Also having to rely on savings and profits via the business. Also bank loans -You can't be good at everything! Its quite expensive to get a specialist workers -Small businesses can't exactly take Economies of Scale -If you receive an illness, no one can take over


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go kys
go kys