Question

In: Economics

why people like to be an entrepreneur ?

why people like to be an entrepreneur ?

Solutions

Expert Solution

Entrepreneur is a person who start a business by taking risk . In reward of taking risk he earns profit.

People like to be an entrepreneur because of following reasons:

(1) Work any time : An entrepreneur can work in any time slot which is preferable by him . He need not to follow any time guidelines.

(2) Family time: As an entrepreneur can work any time so he can able to give time to his family whenever. He need not to take permission from boss as an employee to take leave.

(3) Improvement: An entrepreneur will always improve himself with time to time as no business will survive without improvement or innovations.This also make entrepreneur upto date .

(4) Same reward: More risk more reward is followed in entrepreneur life . Efforts make by entrepreneur in business gives same amount of reward to him.

(5) Freedom : Every one likes freedom .An entrepreneur enjoy full freedom of decision making . There is no need of permission from anyone.

(6) Growth and Development: An entrepreneur grow and develop with time .There is always something new to learn in entrepreneur 's life which helps him to grow and develop constantly.

(7)  Self Confidence :  Entrepreneur become self confidant with time because they work on self decisions . Fruitful reward help them to boast self confidence.

(8) Leadership: Every entrepreneur have leadership quality . Every person want to be a leader . Entrepreneur are not rely on others decisions . They are the leaders . This one is also a reason why people want to be a entrepreneur.

(9) Healthy work environment : As entrepreneur decide with whom he wants to work .He selects the employees and workers with whom he wants to work .This helps in creating healthy work environment .


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