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THE SOLE TRADERTHE SOLE TRADER
FREEFREEBONUSBONUS
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Illness might force you to close for the month, receive £5,000 if you are covered by medical insurance.
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Click here to answer a £5,000 question or,
Click here to face a £5,000 challenge
Shoplifting is a problem in this area. If you have installed shop security receive £5,000.
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Click here to answer a £5000 question or,
Click here to face a £5000 challenge
You have been reported for playing live music for customers. If you have a licence receive £5,000
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Click here to answer a £5000 question or,
Click here to face a £5000 challenge
Quick decision making can benefit a sole trader. Receive £5,000.
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Click here to answer a £5000 question or,
Click here to face a £5000 challenge
FREEFREEBONUSBONUS
Good customer relations leads to extra business, if you have taken customer service training. Gain £5,000.
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Click here to answer a £5000 question or,
Click here to face a £5000 challenge
Tax authorities believe that you have failed to register for VAT. If you have done so receive £5,000.
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Click here to answer a £5000 question or,
Click here to face a £5000 challenge
Local leaflet drops spread awareness of local firms. If you have done direct marketing receive £5,000.
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A business plan can help a firm to be more successful. if you constructed one receive £5,000
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The Local Authority must be informed if you change the use of business premises. If you told them gain £5,000.
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Market research can get a firm off to a good start. Gain £5,000 if you conducted some.
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Click here to answer a £5000 question or,
The LA believe that you have been playing music to your customers. Receive £5,000 if you have a licence.
w Click here to face a £5000 challenge
Click here to answer a £5000 question or,
Consumer spending is higher than expected this Xmas. if you have bought in extra stock to sell receive £5,000.
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MONTHS
15
10
5
0
FIGURES IN 000’SPROFIT
Click here to return to gameClick here to return to game MONTHLY PROFIT MONTHLY PROFIT
10 THE SOLE TRADER WORD GAMETHE SOLE TRADER WORD GAME
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10 THE SOLE TRADER QUIZTHE SOLE TRADER QUIZ
Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10
SELECT QUESTION BELOW
Starting up as a sole trader is the easiest way for one person to set up in business.
Starting up as a sole trader is Starting up as a sole trader is the easiest way for two people the easiest way for two people to set up in business.to set up in business.
Starting up as a sole trader is the hardest way for one person to set up in business.
THE SOLE TRADER Q1THE SOLE TRADER Q1
INCORRECT
A sole trader can always start trading straight away if they register with the inland revenue.
Starting up as a sole trader means the entrepreneur can start trading instantly.
A sole trader might have to obtain a licence before trading.
THE SOLE TRADER Q2THE SOLE TRADER Q2
INCORRECT
A sole trader only has to register for VAT if they expect their turnover to be more than £67,000.
A sole trader will always have to register for VAT.
A sole trader only has to register for VAT if they expect their turnover to be less than £67,000.
THE SOLE TRADER Q3THE SOLE TRADER Q3
INCORRECT
a sole trader has limited liability.
a sole trader has unlimited liability.
a sole trader has limited labels.
THE SOLE TRADER Q4THE SOLE TRADER Q4
INCORRECT
Unlimited liability means that a sole trader will have no personal possessions.
Unlimited liability means that a sole trader will not lose any personal possessions if their firm fails.
Unlimited liability means that a sole trader will lose personal possessions if their firm fails.
THE SOLE TRADER Q5THE SOLE TRADER Q5
INCORRECT
A sole trader can make decisions by themselves.
sole traders cannot have other employees.
A sole trader is not allowed to manage their business.
THE SOLE TRADER Q6THE SOLE TRADER Q6
INCORRECT
A sole trader will always be able to obtain a bank loan to raise money.
A sole trader can sell shares to raise money.
A sole trader might be able to get a bank loan.
THE SOLE TRADER Q7THE SOLE TRADER Q7
INCORRECT
A sole trader only has to obtain a licence if they wish to sell alcohol.
A sole trader will need to get permission to play a sound track for customers.
A sole trader can play music for their customers without permission.
THE SOLE TRADER Q8THE SOLE TRADER Q8
INCORRECT
A sole trader has to share their profit with other people.
A sole trader can keep their own profits.
A sole trader will be able to share any losses with other employees.
THE SOLE TRADER Q9THE SOLE TRADER Q9
INCORRECT
A sole trader works for someone else.
A sole trader has legal status.
A sole trader is self employed.
THE SOLE TRADER Q10THE SOLE TRADER Q10
INCORRECT
