One of the major problems of a sole proprietor is sourcing for?

A sole proprietorship is a business that is owned and operated by one person. One of the major problems of a sole proprietor is sourcing for funds to run the business. Unlike other forms of business ownership, the owner of a sole proprietorship is responsible for all financial obligations of the business, including funding its operations, paying expenses, and investing in growth. Therefore, without enough funds, the sole proprietor may find it difficult to purchase raw materials, hire labor, purchase machinery and equipment, and carry out other business activities necessary for the success and growth of the business.