Adele started a dance school five years ago. Every year Adele pays herself a salary and makes

$1000 profit. The school offers a range of dance and exercise classes for children. It is a sole trader

1

business. Adele believes using the right pricing method is important. Adele wants to expand the

business by opening a second dance school. Based on her business plan, she forecasts that this

will cost $8000. Adele cannot decide whether a bank loan is the best source of finance for this

expansion.

Identify

two

features of a sole trader.

....