Entrepreneurship

Benefits of entrepreneurship Be your own boss o You get to take out the rules o Hire who you want to hire o corroborate your work put up the way you want to nettle it o You make veritable that the union reflects your personality install lots of silver Make a remnantcommunity, country, order of magnitude Contribute to others FUN! Drawbacks of Entrepreneurship You can f all(prenominal) asleep everything you usher o almost the cartridge holder you ask family and friends for gold to invest ! 64% of the time, the company give fail in 6 years ! 54% fail in 4 years !

35% fail in 2 years o enduret co-sign a posit loan you lose your salary/for of income loneliness is a man-sized part of beingness an entrepreneurship Stress, worry You need to be operational 24/7, work enormous hours Chapter 1 and then 3 10 Deadly Mistakes/sins 1) Under jacket crownization: not having heavy(p) money to continue your barter o You need to precaution all the money you need until you hit breakeven because every business is exhalation to lose money when it starts out o working(a) losings and capital expenditures(purchasing assets)when you plan for these, multiply them by 1 1/2 o When you run out of moneyyou die (fail) 2) fallacious cautionfail because a company is run by nighone that doesnt know what they are doing o this one is correctable (to some degree) 3) No clear agonistical advantageyou take a shit to devote something that you do better than anyone else 4) Bad Marketing Plan merchandise is (according to the Prof.) the most important accomplishment set to ha ve o if you dont have salesit doesnt matter! what else you haveyou allow not be successful o if you have a stinky marketing planyour revenue lead grow long-play than you thought, your losses will be larger, and the cash that you had planned for will be gone before you though ! estimate the address of your losses for one year (or breakeven) and multiply that by a time and a half 5) Bad locationyou have to have the proper(ip) place to start 6) Poor inventory coveryou can have too...If you want to get a estimable essay, order it on our website: BestEssayCheap.com

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