Sole proprietorship is suitable for the following business

Sole proprietorship is suitable for the following business:

1) Where small amount of capital is required,
e.g., Sweet shops, Bakery shops, Petty shops, etc,
2) Where quick decisions are very important,
e.g., Share-brokers, Doctors, etc.

3) Where limited risk is involved,
e.g., Automobile repair shops, Small retail stores, etc.
4) Where personal attention to individual tastes and fashions of
customers is required,
e.g., Beauty parlours, Tailoring shops, etc.
5) Where the demand is local, seasonal or temporary,
e.g., Retail trade, Laundry, Fruit sellers, etc