Question: Using the form in your working papers, identify each of the following as an advantage or disadvantage of being an entrepreneur. For each item you

Using the form in your working papers, identify each of the following as an advantage or disadvantage of being an entrepreneur. For each item you label a disadvantage, decide what actions you would take to overcome that disadvantage. Analyze and describe how your actions might affect the profit your business earns.

1. Risking the loss of your savings

2. Deciding what you and everyone else needs to do each day

3. Lacking steady wages and employee benefits

4. Choosing when and where to work

5. Keeping the financial benefits of your hard work

6. Choosing the people you want to work with

7. Paying all the expenses of a new business

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1 Risking the loss of your savings is more than a disadvantage it is a threat to the success of most startup businesses The entrepreneur must understand that this one element can cause problems that c... View full answer

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