[KN]Work life balance can be disturbed
[AN]Entrepreneurs have the main stake in a business therefore they have to work hard for longer hours
[AN]which may adversely affect their health
[KN]Investment is on risk
[AN]Entrepreneur invest their own money into setting up a business when there is no assurance of return in the form of profits
[AN] hence if no income is generated this can be a financial burden on the person
2 Analyse the drawbacks of being an entrepreneur. [6]
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- Enterprise Emperor
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Re: 2 Analyse the drawbacks of being an entrepreneur. [6]
In the second analysis you can explain the stress of the entrepreneur that he has financial pressure or uncertainty e.g market fluctuations, competition etc.Ahmed Zunair wrote: ↑Sun Oct 29, 2023 6:38 pm [KN] Risk
[AN] their investments are not guaranteed to be retuned
[AN+] thus they could end in bankruptcy if there investments are not successful.
[KN] Stress
[AN] this is because of the investments they have made and they are always wanting them to profit them rather then making a loss.
[AN+] Thus this leads to many health issues
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- Wealth Wizard
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Re: 2 Analyse the drawbacks of being an entrepreneur. [6]
Q2 Analyse the drawbacks of being an entrepreneur. [6]
[KN]long working hours
[AN]as they are responsible and manage every decision, detail and situation, they tend to work overtime
[AN+]thus, an imbalanced work-life situation is created, which could impact their health and descision
[KN]Financial, and management burden
[AN]if any financial issue would occur, where due to a previous decision, business failure occurred, and its outcome solely falls on you
[AN+]thus, the entrepreneur can fall in debt, and may even have to pay it off with their own personal assets
[KN]long working hours
[AN]as they are responsible and manage every decision, detail and situation, they tend to work overtime
[AN+]thus, an imbalanced work-life situation is created, which could impact their health and descision
[KN]Financial, and management burden
[AN]if any financial issue would occur, where due to a previous decision, business failure occurred, and its outcome solely falls on you
[AN+]thus, the entrepreneur can fall in debt, and may even have to pay it off with their own personal assets
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- Corporate Commander
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Re: 2 Analyse the drawbacks of being an entrepreneur. [6]
[KN] financial risk
[AN] An entrepreneur will need investment to start a business and hence he will have to earn it or take a loan
[AN+] If the business fails then all the investment is waisted and the entrepreneur may face debt
[KN] no stable income
[AN] As an entrepreneur income depends on the profits generated which will fluctuate all the time
[AN+] Hence there is no confirmed amount that the entrepreneur will get and there is a possibility that he may not earn at all at times
[AN] An entrepreneur will need investment to start a business and hence he will have to earn it or take a loan
[AN+] If the business fails then all the investment is waisted and the entrepreneur may face debt
[KN] no stable income
[AN] As an entrepreneur income depends on the profits generated which will fluctuate all the time
[AN+] Hence there is no confirmed amount that the entrepreneur will get and there is a possibility that he may not earn at all at times
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- Corporate Commander
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Re: 2 Analyse the drawbacks of being an entrepreneur. [6]
[KN] difficult to maintain work life balance
[AN]Entrepreneurs may find it challenging to maintain their physical and mental well-being while managing their businesses.
[AN+] the pressure to succeed can lead to burnout reducing efficiency
[KN]Lack of Benefits
[AN]They must arrange and pay for benefits on their own, which can be costly.
[AN+]it may take time before the business becomes profitable and there's a risk of financial loss if the business fails.
[AN]Entrepreneurs may find it challenging to maintain their physical and mental well-being while managing their businesses.
[AN+] the pressure to succeed can lead to burnout reducing efficiency
[KN]Lack of Benefits
[AN]They must arrange and pay for benefits on their own, which can be costly.
[AN+]it may take time before the business becomes profitable and there's a risk of financial loss if the business fails.