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Exercises · Q4

Q."An entrepreneur enjoys independence but also bears heavy responsibility." Comment.

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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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