advantages of sole trade

the following are the advantages of sole trade business

  1. a sole trader provides employment opportunities to his family members that reduces on the cost of paying labour
  2. a sole trader enjoys all profits alone because he contributes capital alone.
  3. sole trade is easy to setup because it requires small capital
  4. sole trade is flexible because one can easily change from one line of business to another
  5. there is easy decision making since a sole trader does not consult anyone for advise
  6. there is close supervision since there is personal benifit that increases efficiency

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