what is not an advantages of being an entrepreneur?

Answers

Answer 1

Answer:

Lots of effort and risk for possibility of loss

Explanation:

Entrepreneurs stake their money and time into a business that has the possibility to not be successful or even fail, losing them money. Employees get paid by a business up until it runs out of money and lets them go, then they're done working. A business owner has to put their money into payroll, product, equipment, a lease, licenses and fees, then put a lot of time into the business, and they don't make any money until the business does (unless they pay themselves first from gross reciepts, which generally means the business is either raking it in or will be out of business by the end of its creditor's next billing cycles)

Contrast this to being an employee of a business, where you recieve pay for your work, health insurance, pto, 401k or a pension. The only reason you start a business is because you are willing to put in a lot of time an effort in hopes of making money and take a chance of losing it all. Hopefully you don't lose it all and after a few years you make a lot of money. But most small businesses fail within 3 years.


Related Questions

Hubert is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because his pool sessions are helping him swim more quickly, Hubert plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Hubert's plan illustrate that his wife's advice does not

Answers

Answer:

Many decisions are made on the margin.

Explanation:

The principle state that many economic decisions are made by looking at the Cost Benefit at the margin.

This would involve looking at the Cost Benefit of an additional unit of consumption or production.

In this case, Hubert wants to spend an extra hour that would improve her swimming that would improve her chances of doing well in triathlon.

Therefore, Many decisions are made on the margin.

Learn more about decisions making, refer :

https://brainly.com/question/19250814

Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?

A. Procurement documents

B. Standard form

C. Organizational process asset

D. Fixed cost contract

Answers

Answer:

D. Fixed cost contract

Explanation:

How does a company make a product innovative?
A. Develop different features
B. Create the same product as a competitor with a different name
C. A good price point
D. Market the product

Answers

Explanation:

Companies realize innovations through a combination of market research, internal idea generation, customer requests and a variety of other factors. They also frequently discover innovative solutions by chance. Manufacturers typically maintain a balance between market- and customer-driven innovation efforts.

who wants 100 points

Answers

Answer:

me i do i do i do

Explanation:

i really do

Answer:

me

Explanation:

im broke lol

2. a Which of the following is a list of broad categories of skills? (l point)
O creativity, art and communications, tools and trade, literacy and language, and interpersonal skills
English and literacy, tools and trade, mathematics, and creativity
O interpersonal skills, intrapersonal skills, writing and literacy, tools and trade, and creativity
O mathematics and data, words and literacy, tools and tasks, interpersonal relationships, and creativity

Answers

Answer:

B but it depends on what is in B. If English and Literacy is its own category then it is C beginning interpersonal skills

Explanation:

I suppose the most diverse group is the one beginning creativity, art and communications (B), but only if English and Literacy is part of the answer. If it is not then it is the next one down. beginning with interpersonal skills or C.

For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group

Answers

The answer is "star" and its further explanation can be defined as follows:

The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.

That's why the correct answer is "star".

Learn more:

brainly.com/question/10803452

What is NOT an advantage of being an entrepreneur?

Answers

Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business

Answer:

The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.

Explanation:

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