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Is being a sole proprietor stressful?
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[QUOTE="Caramelle, post: 208568, member: 150"] [JUSTIFY]Sole proprietorships can be stressful because the owner usually has to take responsibility for most aspects of the business operations. Anything that occurs in the business has direct consequences on the owner. This is usually the case for many small businesses that are operating on minimal capital. Such businesses would normally require the owner to multi-task, handling the operations, marketing, and administrative functions of the business. If it's a family business, some family members may be able to extend help and take some pressures off. Sole proprietorships with larger capital may be able to afford to hire professional managers, supervisors, and staff. In such situations, the owner can just exercise ministerial functions. This is usually the case when the owner is running several businesses simultaneously. Despite the difficulties, sole proprietorships have their advantages particularly in decision making and in charting the direction of the business. As a sole proprietor, you make all the important decisions. In general, you have full control of the business. When the business succeeds, the credit and the profits are yours.[/JUSTIFY] [/QUOTE]
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