To give you an idea what kind of business are suitable sole proprietorships, consider the following business. These would be suitable for a sole proprietorships:
Where the market for the product is small & local. For example, selling grocery items, books, stationery, vegetables, etc.
Where customers are given personal attention, according to their personal tastes and preferences. For example, making special type of furniture, designing garments, etc.
Where the nature of business is simple. For example, grocery, garments business, telephone booth, etc.
Where capital requirement is small and risk involvement is not heavy. For example, vegetables and fruits business, tea stall, etc.
Where manual skill is required. For example, making jewelery, haircutting or tailoring, cycle or motorcycle repair shop, etc.
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