Sole Trader
Sole Traders own the business by themselves.
Sole Traders can self-employ workers for their business.
Sole Traders don't have to share any profit to anyone.
Partnership
More people, Different skills.
Franchisee
Easy to set-up.
Training is provided.
Investment is a major advantage of being a franchisee.
Lower statistical risk of
failure.
On-going product
and service innovation.
Greater freedom when running the business.
Will have to work long hours
- difficult to take time off it.
Profits have to be shared.
All types of ownership.
Risk of failure.
