Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Disadvantages of sole proprietorship
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Kingsley, post: 210086, member: 30278"] There are so many challenges been faced by a sole proprietor, this is even more for a sole proprietor in a struggling country without any support from the government or corporate bodies like we have in developed countries. Hence the sole proprietor struggles to fend for himself all alone. He or she tries to gather all the factors of production, Labour , capital and ensures that all of those factors are adequately catered for. Inspite of this he alone is responsible for all the risk that will take place in the course of running the business. In a more civilized system the government ensures they provide for the sole proprietor and empower them with adequate start up and support system not only in financing but also they make provisions for trainings that will equip them to withstand challenges in business. Just like what is happening around the world with the problems that is battling with the world today the pandemic. Somany businesses has been severely hit by the covid19 pandemic and many businesses has liquidated and many become bankrupt but as we can see in the developed system they are brought back because of the safety net prepared by the government. So the major disadvantage is the lack of financial backings. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Disadvantages of sole proprietorship
Top