If anyone want to start a sole proprietorship firm as a Loan Consultant (work from home),...

If anyone want to start a sole proprietorship firm as a Loan Consultant (work from home), what are the problems and solutions? At least 5 problems and their solutions.

Expert Solution

Following problems can be faced when you want to start a sloe proprietorship firm as a loan consultant ( work from home) and which can be managed in the following way.

i) Loan consultant needs to travel to meet their client in case of proprietorship firm he can do only one client at a time.This problem can be solved through engaging trust worthy employees and dealings over phones.

ii) Being a single or being with team impact your pursuation power so a good team must be built to work efficiently.

iii) Being a sole proprietorship firm the size of firm will be compatibility low in comparison to other big sized firm which affect build in client base and reputation.

iv) Being a sole proprietorship firm responsibility for management of firm and it's client solely lie on one person and which can impact quality so fim should be grown to bigger size.

v) The contact of single person can't be to high in comy to firm where there is involvement of multiple people so network of people should be built to increase the client base of the firm.

jeff jeffy answered 5 months ago

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If anyone want to start a sole proprietorship firm as a Loan Consultant (work from home),...

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