The major problem confronting a sole proprietor is

A sole proprietor is an individual who owns and runs a business alone. The major problem confronting a sole proprietor is the limited source of capital. This is because a sole proprietor is solely responsible for raising capital for the business, which can be very difficult and challenging. The business owner may have to rely on personal savings, loans, or contributions from family and friends, which may not always be sufficient to sustain and grow the business. As a result, the business may be limited in terms of its size and scope of operations, which can affect its ability to compete with larger businesses in the industry.