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What Are the Disadvantages of a Sole Proprietorship

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What are the disadvantages of a sole proprietorship?


Definitions:

Effective Strategy

A plan or course of action designed to achieve a specific goal or outcome with efficiency and success.

Personality Clashes

Conflicts that occur due to differing or incompatible personality traits among individuals.

Human Relations

The study and management of how people interact within groups, often in a professional setting.

Proactive Measures

Actions taken in advance to prevent potential problems or to seize opportunities before they become obvious.

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