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Business strategy
Dangers of a sole proprietor business.
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[QUOTE="Axis, post: 289586, member: 66672"] Inasmuch as their advantages of establishing and managing a business alone there are also disadvantages to that. Sole proprietors are considered to be the set of business owners who manage establishes and controls a business without the help of an outsider. Some sole proprietors definitely involve the help of their family members to carry out business activities, some of which include their wives and children basically. Sole proprietors enjoys the business benefits, gains, and good incentives. And also they bear the losses and any liability borne by the business. Majority of sole proprietors who managed small-scale businesses are threat to environmental factors as a result of majority of them not putting proper consideration of factors affecting the business. Many sole proprietors are victims and subject to competition threat as majority of them are small-scale business owners who are in the midst of larger-scale business owners. A sole proprietor is more likely to encounter dehumanizing health effects such as stress and fatigue and that is because he or she has to carry out all business activities and practices alone. And in a case where he or she encounters numerous amount of clients and customers in one day he or she may have to overwork him or herself to make sure that the needs and wants of these customers and clients are being satisfied. Lastly, a sole proprietor who manages a business alone, may face threats from the government, as most of existence are not recognize do you mean demolition of a particular area when governments are trying to build and finance capital projects. [/QUOTE]
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