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Business strategy
Disadvantages of a sole proprietor
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[QUOTE="Axis, post: 267373, member: 66672"] although a sole proprietor do have a lot of advantages but on the other hand it has its demerits or disadvantages. is sole proprietor is a risk taker and he will only bear the consequences that is when the business is being affected he will bear the consequences alone and sometimes it will be a difficult task for him to handle such a situation because he is the only one that was such a business. as they say two heads are better than one so therefore the decisions a sole proprietor could make might not be effective at that moment and wrong decisions could have wrong outcomes but when a business is being partnered the decision-making being made on particular issue in such a business will be reasonable and sometimes effective. most times as a sole proprietor the capital you will use in setting up a business might be small as you being the only person starting up the business but when the business is being partnered capital needed in starting up a particular business and be high and thus lead to higher productivity And also in a sole proprietorship business the community of a business after the owner of such a business has die is impossible because the businessman also there with him especially when there is no successor to take over from him [/QUOTE]
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