Question

Being able to be your own boss is one of the leading reasons that entrepreneurs choose to go into business for themselves. This advantage of small-business ownership is referred to as _______.

Answer 1

The advantage of being able to be your own boss of a small business is referred to as Independence or Autonomy.

What are the advantages of entrepreneurship?

The following are some of the advantages of being an entrepreneur:

1. Working with flexible schedules.
2. Autonomy or Independence
3. Meeting like-minded people.
4. Achieving economic development.
5. Gaining enhanced managerial abilities.
6. Improving the personal standard of living.
7. Aligning careers with personal beliefs.
8. Enjoying continued growth and development.

Thus, there are many advantages of being your own boss as an entrepreneur, but the chief is Independence or Autonomy.

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