Entrepreneurship is getting popular in the last period. A
lot of people think of starting up their own company because entrepreneurship
has a lot of advantages but also has disadvantages and in this article, we will
go deeper in the advantages and disadvantages of entrepreneurship in business. Check
status of transfer
What is Entrepreneurship
Entrepreneurship is opening a new business or company and
usually, this business is small and simple with a small number of employees and
the one who create this business is called an entrepreneur.
Advantages of Entrepreneurship
Control
Being you as an entrepreneur will make you in control of
everything, you have the right to choose your own working time and make the
most of your strengths and skills, so you will have high results in business.
Excitement
Working as an entrepreneur is very exciting especially in
business. Each day is filled with new opportunities to challenge your
abilities, skills, and determination. is not that great!
Freedom
Working as an entrepreneur will give you the freedom to work
anywhere you want, any place, and any time and this will make the work you do
is more efficient and it will make your business better.
Flexibility
Entrepreneurs can schedule their work hours around other
commitments, including spending quality time with their families, friends,
lover, and spend more time in their natural life.
Big Salary
Most of those who are business owners can earn a big salary.
It changes from month to month but usually, it is big as all the profits you
can take it for your own.
Gaining Relations
Being you a business owner will give you a chance to gain
relations in business with those who work in the same field as you, so you
could improve your business and trade with them.
You Are The Boss
One of the greatest advantages of being an entrepreneur that
you will have no boss to bother you or tell you what to do. You will do your
own, also you will work any time you want by the vision you see it good.
Disadvantages of Entrepreneurship
Long Work Hours
In the beginning, every business owner must sacrifice and
spend long working hours to put a strategy and plan for work, also until
everything is ready you can decrease the number of working hours.
Hard Competition
It can be difficult to compete with other businesses at the
beginning of the work. This means that you have to differentiate your business
from others in your niche in order to build a solid customer base and, finally,
become profitable. Integrate with WooCommerce plugin
Big Responsibility
One disadvantage of entrepreneurship is being responsible
for all aspects of the business. An entrepreneur must handle everything from
sales to accounting to product development as well.
High Risks
Being a business owner demands the ability of risk
management because in entrepreneurship you will face many risks especially at
the beginning. Like any other thing, the beginning is hard.
In conclusion, entrepreneurship is quite good it just like
any other thing in this world that has pros and cons and if you want to an
entrepreneur take the risk and do not hesitate.
|