INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Risky
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Uncertain Income
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You are the Boss
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Work long hours
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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: -Disadvantage #5: You will feel a new kind of stress. Entrepreneurial ventures can bring about a new kind of stress. Instead of an employee, you are responsible for all decisions. If you fail or succeed, customers, vendors, employees, and others are looking at you.
Detailed explanation-3: -Buying and selling is not entrepreneurship, it is trade. Buying products from suppliers and selling them to customers for profit doesn’t make you an entrepreneur, it makes you a merchant.