Exercises · Q4
Q."An entrepreneur enjoys independence but also bears heavy responsibility." Comment.
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Start your 14-day free trial to unlock the full solution →The statement captures the balance between the rewards and the demands of entrepreneurship.
The independence side. The entrepreneur is his or her own boss — free to choose the line of business, take decisions, fix working hours and shape the enterprise without answering to a superior. This autonomy is one of the biggest attractions of entrepreneurship.
The responsibility side. That same freedom carries a heavy burden:
- The entrepreneur bears the risk — if the venture fails, the loss is his or hers.
- Income is uncertain, unlike a fixed salary.
- The entrepreneur is accountable for every function — finance, production, marketing and staff.
- Success depends on hard work and perseverance, often over long hours. …
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