Question

state various problems faced by sole proprietor business​

Answer 1

Answer:

If you're considering starting your own business as a sole proprietor, your first job should be to study the risks and responsibilities involved.

• Lack of Prestige. ...
• Liability Risks. ...
• Difficulty Obtaining Financing. ...
• Heavy Decision-making Burden. ...
• No Time Off.

Answer 2

★᭄ꦿ᭄Answer★᭄ꦿ᭄

6 Challenges of a Sole Proprietorship :-

1. Lack of Prestige.

2. Some sole proprietors may work out of a garage or the basement of their home when starting out.

3. Liability Risks.

4. Difficulty Obtaining Financing.

5. Heavy Decision-making Burden.

6. No Time Off.