Question

Task 1: Participating in a Youth Organization
Select a youth entrepreneurship organization of your choice. Create a brief report about the way the organization assisted you in your journey toward becoming a successful entrepreneur, and state the risks and rewards in leading an entrepreneurial way of life.

You may use online resources to find information about the organization. Ensure you cover the following points in your answer:
Identify one youth entrepreneurship organization and summarize how this group would assist you in your journey toward an entrepreneurial career.
Summarize the risks of an entrepreneurial way of life.
Summarize the rewards of an entrepreneurial way of life.

Answer 1

The  risks of an entrepreneurial way of life are:

• founder risk
• product risk
• market risk
• competition risk
• sales execution risk.

The rewards of an entrepreneurial way of life are:

• Work-life autonomy.
• Leadership experience.
• Work from anywhere.
• Company control.

Who is an entrepreneur?

An entrepreneur can be described as one that  sets up a business or businesses,  that is ready for all the  financial risks in the hope of profit.

However, they usually have Work-life autonomy as well as Leadership experience because they are the one that will face any challenges that may come when carrying out the business which usually load them with alot of experience needed for leadership.

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