What are the advantages and disadvantages of business entrepreneurship?
2007-02-10 18:28:19 · 4 answers · asked by jane 1 in Business & Finance ➔ Other - Business & Finance
The advantage is that you don't have someone else necessarily telling you what to do - but the disadvantage is that if things go wrong - it'll be your fault and won't be easy to blame someone else - there's alot more to it than that - but that's a pretty good summary !
2007-02-10 18:34:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
entrepreneurship is the act of initiating business and infusing capital.
There are both advantageous and disadvantages of it. Depending on ur skills. we have great examples of bill gates and L N MIttal who have carried out bussines successfully!
2007-02-10 18:32:20 · answer #2 · answered by niks 3 · 0⤊ 0⤋
refers to the management skills, or the personal initiative used to combine resources in productive ways. It involves taking risks.
2007-02-10 18:37:28 · answer #3 · answered by LemonPro 5 · 0⤊ 0⤋
advantages
lie on taxes
be ur own boss
say u have a business
do what you like
tell people what to do
disadvantages
80% of business fail in first year
major liability
huge risk
alot of paper work
no one to guide you
no stability
no gauruntee of success
wife might leave you (thanks JENNY i wont miss you eeither!)
2007-02-10 18:32:21 · answer #4 · answered by namsu 2 · 0⤊ 0⤋