an interview of a sole trader analysis of data
Answers
Is sole trading business is a business in which only one owner or more than one maximum limit of two owners of the business is present.
In an interview taken for the sole traders the the answers of the sole traders where as follows:-
When the question was asked that how the management of the business is done, the answer was they used to pay employees enough amount, and in a timely basis, which helped them to improve their work efficiency.
A sole trading business is run by an individual and he or she can recruit many people to work under the company. The nature of such sole trading firms is proprietorship.
The main risk associated in such businesses is lose of contributed capital because the owner can loses both his private as well as business properties.
You can find less complexity in sole trading company because every decision should be passed through a single window and there is no need to wait for the permissions from the partners and stakeholders.