Advantages: I take all the profits., It is easy to set up and does not cost much., I can choose to open and close at whatever time I want., I am my own boss., I make all the decisions, so I can have my own way., Disadvantages: I have the stress of making all the decisions., I could end up working all hours., It can be difficult competing with big firms., Raising finance can be difficult., I have unlimited liability.,

Sole traders - advantages and disadvantages

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