INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fewer resources
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Personal satisfaction
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Lower taxes
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Uncertain income
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Detailed explanation-1: -Entrepreneurs have no fixed income, and income is not guaranteed at the initial stage of business. No Fixed Working Hours: Apart from uncertain income, entrepreneurs do not have any fixed working hours. Risk of Failure: The initial stages of an entrepreneur’s journey can be very challenging.
Detailed explanation-2: -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.
Detailed explanation-3: -Being own boss is not a disadvantage.
Detailed explanation-4: -What Is Business Uncertainty? Business uncertainty refers to situations in which businesses face risks that can’t be foreseen or measured. During these times, it may be hard for businesses to predict their performance due to unprecedented or constantly changing events.
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