A SOLE PROPRIETOR WANTS TO EXPAND HIS BUSINESS. AS HIS ADVISOR, GUIDE HIM FOR THE MOST SUITABLE OPTION FOR
EXPANSION
Dear Swati,
To expand his business, a proprietor can:
1. Reinvest his profits in the business
2. Obtain loans and advances from the external sources.
3.He can either convert it into other form of business like partnership . Like this, he can acquire more capital and resources that are necessary for expanding the business.
To expand his business, a proprietor can:
1. Reinvest his profits in the business
2. Obtain loans and advances from the external sources.
3.He can either convert it into other form of business like partnership . Like this, he can acquire more capital and resources that are necessary for expanding the business.