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Business strategy
Disadvantages of a sole proprietor
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[QUOTE="Carpon, post: 268129, member: 86701"] Yes I agree with all your points and I think sole proprietorship may have disadvantages at some point even though it is unavoidable at some instances. Part of the disadvantages is that you may be unable to fund the business alone and you will run into loan collection which will have been avoidable if you were not running on a sole proprietorship basis. At some point of decision making you may be in need of advise and support as you have mentioned and lack of a partner may mean taking decisions alone which may have deragatory effects if they are not effective decisions which you took personally. As a sole proprietor, you also have to perform all business operations independently which may be stressful and less efficient. [/QUOTE]
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