One advantage of a sole proprietor is that

One advantage of a sole proprietor is that

Answer Details

One advantage of a sole proprietor is that it can be managed without conflicts. A sole proprietorship is a type of business in which one person owns and operates the entire business. Since there is only one owner, the business can be managed in a streamlined manner without any conflicts that may arise from multiple owners with differing opinions or goals. This means that the owner can make decisions quickly and efficiently, without the need for lengthy discussions or negotiations. In contrast, in a partnership or corporation, multiple owners may have different ideas about how to run the business or may have conflicting interests. This can lead to disagreements and conflicts that can slow down the decision-making process and make it difficult to implement changes. Therefore, one advantage of a sole proprietorship is that it allows for efficient management without conflicts, which can help the business to be more agile and responsive to changes in the market.