Entrepreneurship as a Career
ENTREPRENEURSHIP AS A CAREER
Entrepreneurs organize, manage, and assume responsibility for new enterprises. Their goal is to earn a profit by providing products and services everyone needs. If entrepreneurs are successful in carrying out this task, they can build rewarding careers for themselves.
Many opportunities exist to start new enterprises. But before you decide to become an entrepreneur, you should find out what is involved. This module examines entrepreneurship as a career. You will see if, and how, entrepreneurship fits into your future. WORKING FOR ONE’S SELF COMPARED TO WORKING FOR OTHERS
Thousands of Filipinos are interested in starting their own business. However, many think only of the rewards and give little thought to the risks. In this section, you will look at both the advantages and the disadvantages of being an entrepreneur.
Advantages of Working for Yourself
Those who choose entrepreneurship as a career usually do so for five appealing reasons: (1) personal satisfaction, (2) independence, (3) profit, (4) job security, and (5) status.
PERSONAL SATISFACTION. To some persons, the chief reward of working for yourself is personal satisfaction. Personal satisfaction means doing what you want with you life. As an entrepreneur, you will be able to spend each workday in a job you enjoy. For example, if you like photography, you may start your own studio. Each time a customer is pleased with a portrait, you will receive personal satisfaction.
You may have personal satisfaction from aiding the community in which you live. Entrepreneurs supply goods and services and create jobs for residents. They also buy goods and services from other local enterprises, borrow money from local banks, and pay taxes.
INDEPENDENCE. Another advantage of entrepreneurship is independence. Independence is freedom from the control of others. As an entrepreneur, you decide how you will use your knowledge, skills, and abilities. Compared to those who work for others,
Entrepreneurs organize, manage, and assume responsibility for new enterprises. Their goal is to earn a profit by providing products and services everyone needs. If entrepreneurs are successful in carrying out this task, they can build rewarding careers for themselves.
Many opportunities exist to start new enterprises. But before you decide to become an entrepreneur, you should find out what is involved. This module examines entrepreneurship as a career. You will see if, and how, entrepreneurship fits into your future. WORKING FOR ONE’S SELF COMPARED TO WORKING FOR OTHERS
Thousands of Filipinos are interested in starting their own business. However, many think only of the rewards and give little thought to the risks. In this section, you will look at both the advantages and the disadvantages of being an entrepreneur.
Advantages of Working for Yourself
Those who choose entrepreneurship as a career usually do so for five appealing reasons: (1) personal satisfaction, (2) independence, (3) profit, (4) job security, and (5) status.
PERSONAL SATISFACTION. To some persons, the chief reward of working for yourself is personal satisfaction. Personal satisfaction means doing what you want with you life. As an entrepreneur, you will be able to spend each workday in a job you enjoy. For example, if you like photography, you may start your own studio. Each time a customer is pleased with a portrait, you will receive personal satisfaction.
You may have personal satisfaction from aiding the community in which you live. Entrepreneurs supply goods and services and create jobs for residents. They also buy goods and services from other local enterprises, borrow money from local banks, and pay taxes.
INDEPENDENCE. Another advantage of entrepreneurship is independence. Independence is freedom from the control of others. As an entrepreneur, you decide how you will use your knowledge, skills, and abilities. Compared to those who work for others,