6 Challenges of Sole Proprietorship

Starting a business is a huge accomplishment for many entrepreneurs, but maintaining one, is a bigger challenge. There are many challenges common to any business – small, large, sole-proprietorship, partnership or limited liability Company. Some include finance and human resource management, market stability, customer satisfaction and branding. However, there are some that are peculiar to small or large businesses run by sole-proprietors. This is popularly referred to as “One-man business” in Nigeria. Below is a summary of the peculiar challenges I believe these type of businesses face.

Winifred Adebayo - The Abused Woman

Nobody understands! It’s hard to explain. I knew I should have left… but I just couldn’t. I saw the look on your face when I told you the bruises were from me accidentally running into walls. I noticed the way you rolled your eyes when I composed those unbelievable accident stories to explain why my body became a home to plasters, black marks, and swellings. Even I know I lie to myself…but just as I expected you to believe those hideous stories, I tried to believe them too. Okay! Okay… maybe the stories I told myself were a little different.