Disadvantage

Cards (5)

  • Risk as there are no one to share the overall responsibility of running the businesses with
  • Time as some traders often need to work longer hours to meet deadlines
  • Expertise- the sole trader may have limited skills in areas such as finance
  • Vulnerability- there may not be anyone to cover if the worker gets Ill and can’t get to work
  • Unlimited liability- the sole trader is responsible for all the debts of the business