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The Advantages and Disadvantages of Entrepreneurship 2

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Entrepreneurship is one of the fastest growing fields in today's corporate world. It is attracting many people like yourself and is proving to be a lucrative career. However, entrepreneurship is not without its own set of disadvantages. Entrepreneurship can indeed be both exciting and fun, but unfortunately there are also quite a few potential disadvantages as well.



The most obvious disadvantage of entrepreneurship is that it requires a lot of risk. Those who have been involved in entrepreneurship at any point in their lives know that it requires an enormous amount of risk. Entrepreneurs are individuals who are generally highly creative, entrepreneurial and risk averse. If you are someone who fits into this category, then starting a home based business may not be right for you.


Another disadvantage of entrepreneurship is that it can take a long time to find success. In order to succeed in entrepreneurship, you will need to invest your time, energy and money into it. For some people this means that they must find the time to commit to a work schedule that is conducive to entrepreneurial success. Others may find that it takes them years to become highly successful. If you fit into this category, then starting a home based business may not be the best idea for you.


You should also not feel like you are alone in your venture. When most people think about entrepreneurship, they immediately associate it with starting a business from scratch, working from home, and/or feeling like you are on your own. While those are certainly valid advantages of entrepreneurship, it can also be a disadvantage. Those who are first starting out may feel like they are a little bit alone. If you are a person who feels like he or she is on his or her own in the world, then you may want to think twice about starting a home based business.


One of the most popular advantages of entrepreneurship is that it is a free enterprise. This means that there is no single entity that owns the company or owns the product or services. In a more traditional setting, there is a company that owns your products or services. With self-employment, you will be your own boss. You will be able to set your own hours, you will be able to choose which products or services you want to offer, you will be your own boss, and you will be in charge of how much you make.


As with any type of venture, entrepreneurship comes with a few disadvantages as well. However, you should understand all of the advantages and disadvantages and weigh them carefully before making a final decision. You do not want to risk your entire future on a business that you might not be ready for. With so many advantages of entrepreneurship, you should be willing to take a risk, understand all of the risks, and be prepared for whatever happens.

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