Entrepreneurship versus Working for Others
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The paper explores the problems that are associated with being an entrepreneur: the need to develop specialized business acumen in a hurry, the reliance upon the quality of one's staff, the external factors that are more significant in their implications for a small business than for a larger one, the absence of a large and diversified customer base, and the stresses that come with being the final arbiter on which direction the business takes. From there, the paper looks at the benefits that accrue to those who are entrepreneurs: the personal freedom, the ability to set goals (and achieve goals) that are in line with ones talents and interests, and the ability to seize control of things when it appears a change in organizational direction is needed. In the end, the paper concludes that entrepreneurship is perfect for creative people who want to work in an unfettered job environment and who have a high risk-tolerance and an ability to learn business lessons quickly, while for those who value stability and the security of a steady pay-cheque, a life working for someone else can be more comforting. The paper shows how the type of person you are determines which direction is best for you.
From the Paper:"The following paper will look at whether or not entrepreneurship is preferable to working for others. In doing so, the next several pages will explore the problems that attend being an entrepreneur: the need to develop specialized business acumen in a hurry, the reliance upon the quality of one's staff (people who work for corporations rarely have to worry about how somebody else in the office is doing, thereby giving them the luxury of worrying only about themselves), the external factors (like business location) that are more significant in their implications for a small business than for a larger one, the absence (in the early stages) of..."
Cite this Term Paper:
Entrepreneurship versus Working for Others (2007, December 01) Retrieved July 03, 2022, from https://www.academon.com/term-paper/entrepreneurship-versus-working-for-others-135316/
"Entrepreneurship versus Working for Others" 01 December 2007. Web. 03 July. 2022. <https://www.academon.com/term-paper/entrepreneurship-versus-working-for-others-135316/>