THE BEGINNING

Start up- he have started dozens of successful

businesses of all types size including …bike
rentals, furniture etc. he have learned what
really matters in business most of the business
he started in his home on a very small budget .
Now he build one successful small business in
electronics items.
 CHARACTERSTICS OF SOLE
PROPRIETOR
• FREE from legal formalities : a sole proprietor
is not expected to next any legal
requirements.
• Unlimited liability : sole proprietor bears all
losses arising from the business this private
property is liable for the business obligation.
• Secrecy : sole proprietor keep his affairs to
himself and mantain perfect secrecy in all.
 TURNOVER
• 6,00,000
 INNOVATION
• He thinks of repairing electronics things with his
new ideas and in budget also.

PROFIT AND LOSS by his point of view

PROFIT
1) Quick decision made by him anytime
2) Profit is borne by alone
3) The benefits of efforts as he is the sole recipient
of all the profits
 loss
1) Unlimited liability is major disadvantage of
sole proprietor if business is not able to pay
his debts then he has to pay from his
personal assets
2) Limited managerial ability he has all the
responsibility of varied managerial task like
purchase , selling, buying etc.
 ACKNOWLEDGEMENT
I would like to express my gratitude to business
studies teacher Mrs. Sonu Segal ma’am who
game me a golden opportunity to do this project
and also help me to complete this project
I would like to thank my parents and my friend
who help me as early possible.
Thank you
Prachi Mittal