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Business strategy
Disadvantages of sole proprietorship
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[QUOTE="Wiserr, post: 221264, member: 57806"] I believe that anything that has advantage most likely has its own disadvantages, in this case I would like to talk about the disadvantage of sole proprietorship form of business, but before I start I would like to define what is sole proprietorship business. sole proprietorship form of business is a type of business whereby all gain, profits and business ideas I formedand established by the business owner, so in this case everything is done and controlled by the owner of the business, including the business ideas. But at last all profits are own by the owner, which is one of the advantage While this disadvantage is that work may seems to be much to the owner of the business, and also we all knows that big business demands huge amount of capital to run the business so that everything will work appropriately, and failure or absence of enough Capital to run the business may serve as steo back or may even serve as the main reason why the business will not work appropriately as it is expected, but in partnership form of business capital are Gathered by many people so that the business will explore as it is expected. [/QUOTE]
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