topic B

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Sole trader
These are the sole owners of the business. As they are not employed by a business they are classed as being self-employed.
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Why would someone want to became a sole trader?
Someone would want to become a sole trader because as a sole trader you get to keep all of the profits and you are your own boss
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Where can the capital to set up as a sole trader could come from?
Your own savings, A bank loan or From family and friends
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What can the capital raised from becoming a sole trader be used for?
buying equipment,Buying stock or Advertising
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If you are a sole trader what task will you need to perform?
Paying the bills, looking after the finances, keeping track of stock,
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Other cards in this set

Card 2

Front

Why would someone want to became a sole trader?

Back

Someone would want to become a sole trader because as a sole trader you get to keep all of the profits and you are your own boss

Card 3

Front

Where can the capital to set up as a sole trader could come from?

Back

Preview of the front of card 3

Card 4

Front

What can the capital raised from becoming a sole trader be used for?

Back

Preview of the front of card 4

Card 5

Front

If you are a sole trader what task will you need to perform?

Back

Preview of the front of card 5

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