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Entrepreneurship. Mr. Bernstein Risks and Rewards of Entrepreneurship, pp 28-31 February 25, 2014. Entrepreneurship Mr. Bernstein. Rewards of Entrepreneurship Being your own boss Doing something you enjoy Opportunity to be creative Freedom to set your own schedule, location
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Entrepreneurship Mr. Bernstein Risks and Rewards of Entrepreneurship, pp 28-31 February 25, 2014
EntrepreneurshipMr. Bernstein Rewards of Entrepreneurship • Being your own boss • Doing something you enjoy • Opportunity to be creative • Freedom to set your own schedule, location • Job Security • Keep all the profits • Recognition within the community
EntrepreneurshipMr. Bernstein Risks of Entrepreneurship • Often work long hours • Uncertain income • Profits may need to be reinvested to build competitiveness • Ultimate responsibility • Whatever isn’t getting done, or getting done right, becomes your task • Investment capital can be lost • 33% failure rate within 2 years, 44% within 4 years