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Describe Three Disadvantages of Operating a Business as a Sole

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Describe three disadvantages of operating a business as a sole proprietorship.


Definitions:

Ideal Budget

A financial plan that optimally allocates income towards expenses, savings, and debt repayment, according to personal or family goals.

Types of Expenses

Various categories of costs incurred by individuals or organizations, including fixed, variable, operational, and capital expenses.

Income

Money received, especially on a regular basis, for work or through investments.

Blog Creation

The process of designing and publishing a blog, a digital platform for writing, sharing ideas, experiences, or information online.

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