INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You have more control over your work
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You have a more flexible schedule
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You do not always receive a regular paycheck
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Your work schedule is always predictable
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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. Entrepreneurship is the activities required to set up a business. It has many advantages and disadvantages.
Detailed explanation-2: -Entrepreneurs have the freedom and independence to build their company from the ground up and make their own decisions. They don’t have to report to anyone and can choose how to work, where to work, and when to work. They also can choose how they want to develop their company culture and who to hire.
Detailed explanation-3: -Taking Risks Can Cost You Financially In business, while you want to take risks, sometimes too many risky investments can cost you so much that you can’t continue. If your risk-taking behavior leads to an accident where you or someone else is harmed, you could be held liable for the injuries.
Detailed explanation-4: -Greater personal responsibility. Potential financial risks. More personal stress. Requires a professional network. Requires greater sacrifices, longer working hours. Competition with other established businesses. 10-Mar-2023
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