Merits and Demerits of Being an Entrepreneur | Entrepreneurship: Concept and Functions | Class 11
5.2 هزار بار بازدید -
7 سال پیش
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What are the merits and
What are the merits and demerits of being an entrepreneur?
- Merits
- They can work as per their choice and on any idea and not confined to someone’s instructions.
- For the entrepreneurs who love to take high risks, the entire process is an exciting adventurous journey.
- The luxury of being your own boss and freedom working under someone else.
- Their earnings will be worth of their own efforts. They’ll not be judged by a fixed salary for their worth.
- The feeling contributing a product or service that is unique and original
- Demerits
- Owing to the fact that the enterprise will be entirely innovative and first of its kind, it is difficult to find employees with the right experience. They’ve to tackle the employees who may not have much insight into what is happening or the employees with little or not experience on the given task.
- A consistent income like salary is not guaranteed.
- The entrepreneur being the decision maker, he has to be much more cautious as even a small wrong decision taken can have huge impact on the enterprise.
- An entrepreneur has to work much more than regular working hours and should be ready to tackle any emergencies at any time.
- The benefits of a salaried job like medical insurance, holidays etc will not be available, especially during the initial phase of starting the enterprise.
For more content on this topic, please visit http://www.eduxir.com/curriculum/cbse...
Class 11 Entrepreneurship Books: https://amzn.to/3Czuakc
#Entrepreneurship
#Enterprise
#Entrepreneur
#ConceptAndFunctions
#NCERT
#CBSE
#Class11
#Videoscribe
#WhiteBoard
#WhiteBoardAnimation
- Merits
- They can work as per their choice and on any idea and not confined to someone’s instructions.
- For the entrepreneurs who love to take high risks, the entire process is an exciting adventurous journey.
- The luxury of being your own boss and freedom working under someone else.
- Their earnings will be worth of their own efforts. They’ll not be judged by a fixed salary for their worth.
- The feeling contributing a product or service that is unique and original
- Demerits
- Owing to the fact that the enterprise will be entirely innovative and first of its kind, it is difficult to find employees with the right experience. They’ve to tackle the employees who may not have much insight into what is happening or the employees with little or not experience on the given task.
- A consistent income like salary is not guaranteed.
- The entrepreneur being the decision maker, he has to be much more cautious as even a small wrong decision taken can have huge impact on the enterprise.
- An entrepreneur has to work much more than regular working hours and should be ready to tackle any emergencies at any time.
- The benefits of a salaried job like medical insurance, holidays etc will not be available, especially during the initial phase of starting the enterprise.
For more content on this topic, please visit http://www.eduxir.com/curriculum/cbse...
Class 11 Entrepreneurship Books: https://amzn.to/3Czuakc
#Entrepreneurship
#Enterprise
#Entrepreneur
#ConceptAndFunctions
#NCERT
#CBSE
#Class11
#Videoscribe
#WhiteBoard
#WhiteBoardAnimation
7 سال پیش
در تاریخ 1396/02/16 منتشر شده
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