The profits in the sole proprietorship goes, no doubt, to the lot of the owner but no body comes forward to share the losses therefore, both profits and losses go to the lot of the owner only. Obviously, a rational business man will make his outermost to increase his profits and decrease the losses. Consequently, the owner of the business should take the keen interest to make his business a success. The owner keeps all the raw materials are the process therefore, neither time nor the raw materials are wasted. As a result of personal efforts and vested efforts further. On the country , lack of interest is felt in the joint stock company or the partnership because there is no concept of sense of absolute ownership
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