ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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face irregular incomes
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must make all decisions by themselves
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work long hours,
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all of these.
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Detailed explanation-1: -The five disadvantages of Entrepreneurship are uncertain income, no fixed working hours, risk of failure, lack of investors, and more stress.
Detailed explanation-2: -Being own boss is not a disadvantage.
Detailed explanation-3: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.
Detailed explanation-4: -Intrapreneurs are plagued with an inability to respond to the needs and demands of the market, which takes an already difficult task (finding product-market fit) and makes it almost impossible.
Detailed explanation-5: -Advantage #1: A flexible schedule – both in terms of when and where you work. Advantage #3: It’s exciting and fulfilling. Advantage #4: The salary makes sense. Disadvantage #1: You wear a lot of hats. Disadvantage #2: You are always at work. More items