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Working as an Entrepreneur Instructions Using the form in your working papers, identify
Chapter 2, Problem 2-8(choose chapter or problem)
Working as an Entrepreneur
Instructions Using the form in your working papers, identify each of the following as an advantage or disadvantage of being an entrepreneur. For each item you label a disadvantage, decide what actions you would take to overcome that disadvantage. Analyze and describe how your actions might affect the profit your business earns.
1. Risking the loss of your savings
2. Deciding what you and everyone else needs to do each day
3. Lacking steady wages and employee benefits
4. Choosing when and where to work
5. Keeping the financial benefits of your hard work
6. Choosing the people you want to work with
7. Paying all the expenses of a new business
Questions & Answers
QUESTION:
Working as an Entrepreneur
Instructions Using the form in your working papers, identify each of the following as an advantage or disadvantage of being an entrepreneur. For each item you label a disadvantage, decide what actions you would take to overcome that disadvantage. Analyze and describe how your actions might affect the profit your business earns.
1. Risking the loss of your savings
2. Deciding what you and everyone else needs to do each day
3. Lacking steady wages and employee benefits
4. Choosing when and where to work
5. Keeping the financial benefits of your hard work
6. Choosing the people you want to work with
7. Paying all the expenses of a new business
ANSWER:Step 1 of 2
An entrepreneur is an individual who wants to run his business profitably by using leadership, decision-making, and managerial qualities.