Pros and Cons of Entrepreneurship
The Pros and Cons of Entrepreneurship
In America today, as of August 2013, the unemployment rate was 7.3 percent. Many students graduating from college are faced with many challenges with one of them being whether to work for corporate America or to start their own personal business. The opportunity to become an entrepreneur is a freedom that each individual has the option to pursue within America. It is a well known fact that becoming an entrepreneur has its advantages and disadvantages. Both pros and cons must be considered by the individual before taking on such a venture in the business world we live in.
The Characteristics of an Entrepreneur
Entrepreneurs tend to be people with common qualities. Some of those are commitment, and dedication beyond the norm. They tend to have an open mind and the desire to be an expert at what they do. They are people that have a constant flow of ideas and a never ending desire to succeed. They are tenacious, have a thinking ahead sort of approach on life, and are a constant flow of ideas.
The Pros of Entrepreneurship
There are many benefits that come along with starting your own business, with the two most important being personal and professional. As an entrepreneur a few personal benefits are having the freedom and ability to pursue a career that is your passion, something that you always dreamed of doing. You also have the option to decide when, where, and how often you want to work and be involved with the business. One can decide where to live, avoiding long commute times, which in turn can free of hours that then can be dedicated instead to the business. There are not many limitations placed on an entrepreneur because they do not have others they are working for and working under, making the amount of freedom you have with your business unlimited. Starting your own business is usually looked upon as risky and non-promising, but the potential for success and financial gains are definitely there.
Professional
In America today, as of August 2013, the unemployment rate was 7.3 percent. Many students graduating from college are faced with many challenges with one of them being whether to work for corporate America or to start their own personal business. The opportunity to become an entrepreneur is a freedom that each individual has the option to pursue within America. It is a well known fact that becoming an entrepreneur has its advantages and disadvantages. Both pros and cons must be considered by the individual before taking on such a venture in the business world we live in.
The Characteristics of an Entrepreneur
Entrepreneurs tend to be people with common qualities. Some of those are commitment, and dedication beyond the norm. They tend to have an open mind and the desire to be an expert at what they do. They are people that have a constant flow of ideas and a never ending desire to succeed. They are tenacious, have a thinking ahead sort of approach on life, and are a constant flow of ideas.
The Pros of Entrepreneurship
There are many benefits that come along with starting your own business, with the two most important being personal and professional. As an entrepreneur a few personal benefits are having the freedom and ability to pursue a career that is your passion, something that you always dreamed of doing. You also have the option to decide when, where, and how often you want to work and be involved with the business. One can decide where to live, avoiding long commute times, which in turn can free of hours that then can be dedicated instead to the business. There are not many limitations placed on an entrepreneur because they do not have others they are working for and working under, making the amount of freedom you have with your business unlimited. Starting your own business is usually looked upon as risky and non-promising, but the potential for success and financial gains are definitely there.
Professional