ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an advantage to entrepreneurship
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a disadvantage of entrepreneurship
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Neither an advantage nor a disadvantage of entrepreneurship
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both an advantage and a disadvantage of entrepreneurship
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Detailed explanation-1: -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-2: -Running a business does come with risks, including those related to market and economic trends, finances and technology. Successful entrepreneurs deeply understand these risks and use research to make informed decisions to help the company succeed.
Detailed explanation-3: -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
Detailed explanation-4: -There will be no fixed working hours. There will be no assurance of income in the initial days. You need to find investors who will be interested in your project. There is a chance of going bankrupt if the business idea does not work out. More items