INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the startup phase, you do not have to think about funding
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You are in charge of the decision making so there is little to no risk
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As long as you make a business plan, you will know what obstacles to expect
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You have control over where and when you work
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Detailed explanation-1: -Being your own boss. When you start a business and are self-employed, you are your own boss and ultimately control your own destiny. Income. Whether you view starting a business as an economic necessity or a way to make some additional income, you might find it generates a new source of income.
Detailed explanation-2: -Managing your own business typically allows you much more control over your work than when working for an employer. Business operators usually make all critical decisions that affect the business, including those related to basic operations, purchasing, marketing, sales and customer service and employee management.
Detailed explanation-3: -As a business owner, you have full control of everything, including your income, expenses, and debt. You make all critical decisions. You have no concerns about the whims of office politics.
Detailed explanation-4: -Advantage: Financial Rewards. Advantage: Lifestyle Independence. Advantage: Personal Satisfaction and Growth. Disadvantage: Financial Risk. Disadvantage: Stress and Health Issues. Disadvantage: Time Commitment. Try a Side Hustle.