Pearson New International Edition International pcl tp indd 1

Possible disadvantages
• Limited benefits
• Possibility of less training
• Fewer opportunities for promotion
Entrepreneur rewards and risks
Possible rewards
• Ability to make more money
• Freedom to work when you want to
• Power to make your own decisions
• Absence of bureaucracy
• Ability to make quick decisions
• Opportunities to take risks and realize great rewards
• Reduced tax liabilities (because of small-business
deductions)
• Functioning as your own boss
• Avoidance of boredom
Possible risks
• No assured level of compensation
• Need to work long hours (especially during business
start-up)
• More difficulty in getting objective feedback from others
• Lack of financial resources enjoyed by an established
organization
• Inadequate support when making decisions
• Personal financial losses and the need to repay losses
• Lack of corporate benefits and perks
• Need to report to many “bosses,” including guests and
governmental regulatory agencies
• Constant attention to being a self-starter and to remaining
motivated
• A demanding schedule