Question

Explain the positive and negative aspects of entrepreneurship. Draw evidence to support your claim from two other sources.

Answer 1

Answer:

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.

Explanation:

Answer 2

The positive (advantages) and negative aspects (disadvantages) of entrepreneurship are enumerated below:

• Control: Entrepreneurship offers the entrepreneur a sense of being in charge and being the captain of the ship.  With freedom of control comes increased risk of business failure.

• Responsibility:  The entrepreneur is responsible for her income for life sustenance.  There is no more reliance on a period paycheck.  The entrepreneur can decide to delight her customers or to scare them away.

• Flexibility: The entrepreneur enjoys flexibility in work schedule.  She works at her own pace.  The downside is that your customers dictate when you work.  The workload may increase more than your capacity to handle. Thus, flexibility does not happen always until you have established the business properly.

• Profit-making:  As the business makes profits, the entrepreneur is entitled to receive all.  When it makes losses, the entrepreneur similarly bears all.

Thus, there are numerous benefits in being an entrepreneur.  But there are also negative aspects of entrepreneurship.

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