daveashton said:
1: Will they be there in 6 months ( in many cases 1 late paying or disputed account or if sales dry up for even a short period it can mean that they cease trading)
Not necessarily. A sole trader could be someone who has made the decision to remain a sole trader as they have no interest in becoming a big blue chip. This does not mean they are not financially secure, it just means they do not want to have the headache of staff.
A sole trader could just as easily have many thousands in the bank!
daveashton said:
2: What if the person is ill half way through a project i.e. who will fill in or will the project be stalled?
This is something that needs discussing with the sole trader. Would they have a network of freelancers to aid and support them in a project? As the customer you choose to offset the most likely significant cost savings against the most unlikely possability of the sole trader being ill half way through a project.
daveashton said:
3: What come back do we have if it goes wrong?
Exactly the same as you would if they were a larger company, if not a better come back. The sole trader would most likely not have the security of a Limited company to fall back on so if you really wanted to, you could go after all their personal assetts such as home, car and dog to recover costs if something went wrong.
A larger company will have the Limited liability behind them so you can only go after any assetts the company owns, and the chances are the assetts will be hidden in a shadow company so you get very little.
daveashton said:
4: If they are so good why have they not grown?
So answer above. Why should they grow bigger if they do not want to. That bears zero reflection on the quality of service they provide or indeed how stable they are as a company. It may simply reflect that they do not wish to grow into big offices, high staff levels and the likes.
On a personal level I used to run an Internet Consultancy company as a sole trader. I never advertised and never took staff on but I earned £6k plus a month salary from it. I chose not to grow that business nor take staff on because I didn't want to, I was happy with what I had. If it wasn't for that business I would not have been able to start Quick.
I closed it because I found it boring not because it wasn't viable.
daveashton said:
Creating an professional image is key to stop these objections/ worries hindering the sales.
I agree with what you are saying here but you seem to be making the assumption that Professional and Sole Trader cannot go hand in hand. Why can a Sole Trader not also be Professional? I believe they can so do not see a problem with presenting yourself as a professional sole trader.
daveashton said:
Unfortunately many people/ companies on here present the former and provide some simple information that shows that they are sole traders.
Again, I do not see what the problem with that is?